Tesla Model 3 Insurance Cost

Auto insurance for a Tesla Model 3 will cost about $1,823 per year.

This is more than the national average for luxury sedan models by $36. 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 $6,176 $9,068 $10,609
18 $5,755 $8,451 $9,886
19 $5,086 $7,468 $8,737
20 $4,435 $6,512 $7,618
21 $3,719 $5,461 $6,389
22 $3,622 $5,319 $6,222
23 $3,169 $4,654 $5,444
24 $3,011 $4,421 $5,172
25 $2,598 $3,815 $4,463
30 $2,024 $2,972 $3,477
35 $1,896 $2,784 $3,256
40 $1,823 $2,677 $3,132
45 $1,774 $2,605 $3,048
55 $1,627 $2,389 $2,795
65 $1,697 $2,492 $2,915
75 $2,142 $3,146 $3,680

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 $1,932 $2,806 $3,571
Alaska $1,598 $2,215 $2,153
Arizona $1,806 $2,611 $3,847
Arkansas $1,980 $3,112 $3,426
California $2,205 $3,899 $2,205
Colorado $2,058 $2,880 $3,654
Connecticut $2,629 $4,077 $5,175
Delaware $2,176 $2,901 $3,726
Florida $2,591 $3,585 $4,672
Georgia $2,113 $3,159 $3,185
Hawaii $844 $1,146 $844
Idaho $1,466 $1,944 $2,363
Illinois $1,535 $2,320 $2,645
Indiana $1,577 $2,410 $2,705
Iowa $1,249 $1,713 $2,014
Kansas $1,661 $2,417 $2,827
Kentucky $2,402 $3,526 $4,163
Louisiana $3,083 $4,661 $5,053
Maine $1,166 $1,612 $2,379
Maryland $1,887 $2,746 $3,050
Massachusetts $1,513 $2,639 $1,513
Michigan $3,651 $5,564 $8,776
Minnesota $1,503 $2,004 $2,822
Mississippi $1,814 $2,588 $2,605
Missouri $1,710 $2,444 $3,211
Montana $1,738 $2,425 $2,823
Nebraska $1,469 $2,173 $2,361
Nevada $2,423 $3,595 $3,797
New Hampshire $1,686 $2,666 $3,370
New Jersey $1,857 $2,914 $3,813
New Mexico $1,897 $2,822 $2,929
New York $1,757 $2,212 $3,693
North Carolina $1,089 $1,871 $1,334
North Dakota $1,490 $2,265 $2,679
Ohio $1,329 $2,050 $2,102
Oklahoma $2,122 $3,038 $3,421
Oregon $1,931 $2,591 $3,095
Pennsylvania $1,627 $2,388 $2,794
Rhode Island $2,716 $3,984 $4,486
South Carolina $1,844 $2,556 $3,528
South Dakota $1,655 $2,384 $2,751
Tennessee $1,946 $2,865 $3,815
Texas $1,960 $2,831 $3,522
Utah $1,667 $2,336 $3,214
Vermont $1,283 $1,976 $2,089
Virginia $1,209 $1,856 $1,819
Washington $1,600 $2,172 $2,594
West Virginia $1,610 $2,306 $2,889
Wisconsin $1,605 $2,506 $2,858
Wyoming $1,499 $2,098 $2,234

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: