Tesla Model 3 Insurance Cost

Auto insurance for a Tesla Model 3 will cost about $2,224 per year.

This is more than the national average for luxury sedan models by $157. 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.

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. Visit our Competitive Quote Tool to see if you can find lower rates for a Model 3.

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

These Tesla Model 3 insurance cost estimates are a result of our ongoing nationwide research and analysis, but they are only averages. We recommend that you let our trusted insurance partners do the shopping for you using our Competitive Quote Tool. While it's free to use, we do receive a small commission if you find a better deal.

Tesla Model 3 insurance Cost

Age Good Driver Recent Accident Poor Credit
17 $7,532 $11,218 $13,261
18 $7,019 $10,454 $12,358
19 $6,203 $9,239 $10,921
20 $5,408 $8,056 $9,523
21 $4,536 $6,756 $7,986
22 $4,417 $6,580 $7,778
23 $3,865 $5,757 $6,805
24 $3,672 $5,469 $6,465
25 $3,169 $4,720 $5,579
30 $2,468 $3,677 $4,346
35 $2,312 $3,444 $4,071
40 $2,224 $3,312 $3,915
45 $2,164 $3,223 $3,810
55 $1,984 $2,956 $3,494
65 $2,070 $3,083 $3,644
75 $2,613 $3,891 $4,600

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 $2,356 $3,300 $4,130
Alaska $1,949 $2,838 $2,974
Arizona $2,203 $3,417 $4,873
Arkansas $2,415 $3,658 $4,093
California $2,689 $4,703 $2,689
Colorado $2,510 $3,474 $4,334
Connecticut $3,206 $4,957 $6,349
Delaware $2,654 $3,654 $4,852
Florida $3,160 $4,293 $5,596
Georgia $2,576 $3,971 $4,074
Hawaii $1,029 $1,421 $1,029
Idaho $1,788 $2,407 $2,996
Illinois $1,872 $2,766 $3,208
Indiana $1,923 $3,005 $3,507
Iowa $1,523 $2,285 $2,662
Kansas $2,026 $2,983 $3,534
Kentucky $2,929 $4,406 $5,182
Louisiana $3,760 $5,747 $6,187
Maine $1,422 $1,907 $2,783
Maryland $2,301 $3,374 $3,984
Massachusetts $1,845 $3,121 $1,845
Michigan $4,453 $6,694 $10,293
Minnesota $1,833 $2,462 $3,645
Mississippi $2,213 $3,342 $3,531
Missouri $2,085 $2,872 $3,714
Montana $2,120 $3,317 $3,658
Nebraska $1,792 $2,537 $2,886
Nevada $2,956 $4,461 $4,894
New Hampshire $2,056 $3,314 $4,220
New Jersey $2,265 $3,571 $4,607
New Mexico $2,313 $3,329 $3,738
New York $2,143 $2,790 $4,504
North Carolina $1,328 $2,144 $1,652
North Dakota $1,818 $2,798 $3,552
Ohio $1,621 $2,651 $2,746
Oklahoma $2,588 $3,886 $4,407
Oregon $2,355 $3,557 $4,081
Pennsylvania $1,984 $3,000 $3,443
Rhode Island $3,312 $5,082 $5,813
South Carolina $2,249 $3,255 $4,645
South Dakota $2,018 $2,777 $3,331
Tennessee $2,373 $3,550 $4,479
Texas $2,390 $3,518 $4,416
Utah $2,033 $2,940 $4,055
Vermont $1,565 $2,503 $2,736
Virginia $1,474 $2,220 $2,359
Washington $1,952 $2,932 $3,457
West Virginia $1,964 $2,860 $3,532
Wisconsin $1,958 $2,858 $3,471
Wyoming $1,828 $2,686 $3,003

Other Important Costs of Owning a Tesla Model 3

Insurance is a major vehicle related expense. There are also some others to be aware of. See our cost analyses on Tesla Model 3 depreciation, maintenance and financing. These will provide you with even more knowledge before making such an important financial decision.

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Do you have more questions on our data or methodologies? Great, we're skeptics too. Here are some common questions and answers.