Tesla Model 3 Insurance Cost

Auto insurance for a Tesla Model 3 will cost about $2,267 per year.

This is more than the national average for luxury sedan models by $42. Our car insurance comparison study assumes a 40 year old good driver with full coverage and good credit that drives around 13,000 miles per year. They also assume a single-car policy on a brand-new vehicle, and won't reflect any multi-car discounts.

Auto insurance premiums vary a great deal by age, state, insurance company and mileage. Factors such as recent accidents, traffic violations, credit history also impact these rates. The following chart illustrates how some of these scenarios affect the cost of car insurance for a Tesla Model 3.

Good Driver and Credit
Recent At-Fault Accident
Poor Credit Rating

Tesla Model 3 insurance rates can also differ significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure

Tesla Model 3 Insurance Cost by Age

Age Good Driver Recent Accident Poor Credit
17 $7,680 $11,277 $13,193
18 $7,157 $10,509 $12,295
19 $6,325 $9,288 $10,865
20 $5,515 $8,098 $9,474
21 $4,625 $6,791 $7,945
22 $4,504 $6,614 $7,738
23 $3,941 $5,787 $6,770
24 $3,744 $5,498 $6,432
25 $3,231 $4,745 $5,551
30 $2,517 $3,696 $4,324
35 $2,358 $3,462 $4,050
40 $2,267 $3,329 $3,895
45 $2,206 $3,240 $3,790
55 $2,023 $2,971 $3,476
65 $2,111 $3,099 $3,626
75 $2,664 $3,912 $4,576

Tesla Model 3 car insurance premiums can cost a lot more or less depending on where you live. Rates are more expensive in Michigan because they mandate much higher coverage levels. California, Hawaii and Massachusetts don't allow providers to adjust rates based on credit. These figures also do not include the potential discounts on a multi-vehicle policy. Those can provide significant savings to a household full of drivers. The table below is a breakdown of how these factors can affect Tesla Model 3 by state.

Tesla Model 3 Insurance Rates by State

State Good Driver Recent Accident Poor Credit
Alabama $2,402 $3,489 $4,441
Alaska $1,987 $2,754 $2,677
Arizona $2,246 $3,247 $4,784
Arkansas $2,463 $3,870 $4,261
California $2,742 $4,849 $2,742
Colorado $2,559 $3,581 $4,544
Connecticut $3,269 $5,070 $6,436
Delaware $2,707 $3,607 $4,633
Florida $3,223 $4,458 $5,810
Hawaii $1,049 $1,425 $1,049
Idaho $1,823 $2,417 $2,939
Illinois $1,909 $2,885 $3,289
Indiana $1,961 $2,997 $3,364
Iowa $1,553 $2,130 $2,504
Kansas $2,066 $3,006 $3,516
Kentucky $2,987 $4,384 $5,178
Louisiana $3,834 $5,796 $6,284
Maine $1,450 $2,004 $2,959
Maryland $2,346 $3,415 $3,793
Massachusetts $1,882 $3,282 $1,882
Michigan $4,541 $6,919 $10,914
Minnesota $1,869 $2,492 $3,509
Mississippi $2,256 $3,218 $3,239
Missouri $2,126 $3,039 $3,993
Montana $2,162 $3,016 $3,511
Nebraska $1,827 $2,702 $2,936
Nevada $3,014 $4,470 $4,722
New Hampshire $2,096 $3,315 $4,191
New Jersey $2,310 $3,624 $4,742
New Mexico $2,359 $3,509 $3,642
New York $2,185 $2,751 $4,593
North Carolina $1,354 $2,327 $1,659
North Dakota $1,853 $2,817 $3,331
Ohio $1,653 $2,549 $2,614
Oklahoma $2,639 $3,779 $4,255
Oregon $2,401 $3,222 $3,849
Pennsylvania $2,023 $2,970 $3,475
Rhode Island $3,377 $4,954 $5,579
South Carolina $2,294 $3,179 $4,387
South Dakota $2,058 $2,965 $3,421
Tennessee $2,420 $3,563 $4,744
Texas $2,437 $3,521 $4,379
Utah $2,073 $2,905 $3,997
Vermont $1,596 $2,458 $2,598
Virginia $1,503 $2,308 $2,262
Washington $1,990 $2,701 $3,225
West Virginia $2,003 $2,868 $3,593
Wisconsin $1,996 $3,116 $3,554
Wyoming $1,864 $2,609 $2,778
Georgia $2,627 $3,929 $3,961

Tesla Model 3 Insurance Rankings

Insurance Rankings

We've ranked over 200 models from best to worst for Insurance. See where the Tesla Model 3 ranks for Insurance compared to other vehicles. Also check out how the Model 3 stacks up in our rankings for Depreciation, Maintenance, Overall Costs.

Insurance Rankings

Other Tesla Model 3 Costs of Ownership

Finding a car or truck that saves on insurance costs is important. But, it's also imperative to view all major Tesla Model 3 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: