Tesla Model 3 Insurance Cost

Auto insurance for a Tesla Model 3 will cost about $2,954 per year.

This is more than the national average for luxury sedan models by $59. 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 $10,007 $14,694 $17,191
18 $9,326 $13,694 $16,020
19 $8,242 $12,102 $14,158
20 $7,186 $10,552 $12,345
21 $6,027 $8,849 $10,353
22 $5,869 $8,618 $10,082
23 $5,136 $7,541 $8,822
24 $4,879 $7,164 $8,381
25 $4,210 $6,182 $7,233
30 $3,280 $4,816 $5,634
35 $3,072 $4,511 $5,277
40 $2,954 $4,338 $5,075
45 $2,875 $4,221 $4,938
55 $2,637 $3,872 $4,529
65 $2,750 $4,038 $4,724
75 $3,471 $5,097 $5,963

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
Georgia $3,423 $5,119 $5,162
Wyoming $2,428 $3,400 $3,620
Wisconsin $2,601 $4,061 $4,632
West Virginia $2,609 $3,736 $4,682
Washington $2,593 $3,520 $4,203
Virginia $1,959 $3,008 $2,948
Vermont $2,079 $3,203 $3,385
Utah $2,701 $3,785 $5,209
Texas $3,176 $4,588 $5,707
Tennessee $3,153 $4,642 $6,182
South Dakota $2,681 $3,864 $4,458
South Carolina $2,989 $4,142 $5,717
Rhode Island $4,401 $6,455 $7,269
Pennsylvania $2,636 $3,870 $4,528
Oregon $3,129 $4,199 $5,015
Oklahoma $3,439 $4,924 $5,544
Ohio $2,153 $3,321 $3,406
North Dakota $2,415 $3,671 $4,341
North Carolina $1,765 $3,032 $2,162
New York $2,847 $3,585 $5,984
New Mexico $3,074 $4,572 $4,746
New Jersey $3,010 $4,722 $6,179
New Hampshire $2,732 $4,320 $5,461
Nevada $3,927 $5,825 $6,153
Nebraska $2,381 $3,521 $3,825
Montana $2,817 $3,930 $4,574
Missouri $2,770 $3,961 $5,203
Mississippi $2,940 $4,193 $4,221
Minnesota $2,435 $3,247 $4,573
Michigan $5,916 $9,016 $14,221
Massachusetts $2,452 $4,277 $2,452
Maryland $3,057 $4,450 $4,942
Maine $1,889 $2,611 $3,856
Louisiana $4,996 $7,552 $8,189
Kentucky $3,892 $5,713 $6,747
Kansas $2,692 $3,917 $4,582
Iowa $2,024 $2,775 $3,263
Indiana $2,555 $3,906 $4,383
Illinois $2,487 $3,759 $4,286
Idaho $2,376 $3,149 $3,829
Hawaii $1,368 $1,856 $1,368
Florida $4,199 $5,809 $7,570
Delaware $3,527 $4,700 $6,037
Connecticut $4,260 $6,607 $8,387
Colorado $3,334 $4,667 $5,921
California $3,573 $6,319 $3,573
Arkansas $3,209 $5,042 $5,552
Arizona $2,927 $4,232 $6,234
Alaska $2,589 $3,589 $3,489
Alabama $3,130 $4,546 $5,787

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: