- Tesla Model 3 insurance costs an average of $1,688 per year or around $141 per month, depending on the trim level.
- With an insurance cost range of $320, the cheapest Model 3 insurance is on the Standard Range AWD at around $1,538 per year, and the most expensive trim being the Performance AWD at $1,858 annually.
- The Tesla Model 3 is one of the more expensive midsize cars to insure, costing $140 more per year on average as compared to the rest of the vehicles in the segment.
How much does Tesla Model 3 insurance cost?
Tesla Model 3 car insurance costs around $1,688 yearly, or $141 on a monthly basis. With the average midsize car costing $1,548 a year to insure, the Tesla Model 3 could cost an additional $140 or more annually compared to similar vehicles.
When compared to all vehicles for the 2021 model year (not just the midsize car segment), Tesla Model 3 insurance costs 10.8% more than the national average car insurance rate of $1,523 per year.
The following chart displays average car insurance cost on a 2021 Tesla Model 3 using different policy scenarios and driver ages.
The insurance cost estimate chart above displays a small handful of average car insurance rates. If we displayed every rate for every possible risk scenario, including every Model 3 trim level and all 41,000+ zip codes in the U.S., the result would be approximately 290,304,000,000 different car insurance rates for the Model 3.
An easier way to get rates custom tailored to you is to simply get a quote. Just answer a few simple questions and choose the best provider from the results.
What is the cheapest Tesla Model 3 insurance?
With car insurance rates ranging from $1,538 to $1,858 per year for an average driver, the cheapest Tesla Model 3 to insure is the Standard Range AWD model. The next cheapest trim level to insure is the Long Range AWD at $1,676 per year.
Plan on budgeting around $128 per month for a policy with full coverage. Where you live, your age, the chosen policy limits, and your driving record have a big impact on this number, however.
As with most vehicles, the higher the cost the higher the insurance rates. It’s no different with the Model 3, as the most expensive insurance rates are on the Performance AWD at around $1,858 per year.
The table below shows the average annual and semi-annual auto insurance cost, in addition to a monthly budget amount, for each Tesla Model 3 package and trim.
| Tesla Model 3 Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Standard Range AWD | $1,538 | $769 | $128 |
| Long Range AWD | $1,676 | $838 | $140 |
| Performance AWD | $1,858 | $929 | $155 |
Is Tesla Model 3 car insurance expensive?
The Tesla Model 3 ranks #11 out of 13 comparison vehicles in the 2021 midsize car class. The Model 3 costs an estimated $1,688 per year for full coverage insurance, while the class median average cost is $1,548 annually, a difference of $140 per year.
When compared to the most popular models in the midsize car segment, car insurance for a Tesla Model 3 costs $168 more per year than Toyota Camry insurance, $170 more than the cost of Honda Accord insurance, $158 more than Nissan Altima insurance rates, and $276 more than Chevrolet Malibu insurance.
The table below shows how a Tesla Model 3 compares to all the other 2021 model year midsize cars (excluding luxury midsize cars) for car insurance affordability.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Honda Insight | $1,380 | -$308 |
| 2 | Mazda 6 | $1,408 | -$280 |
| 3 | Chevrolet Malibu | $1,412 | -$276 |
| 4 | Subaru Legacy | $1,500 | -$188 |
| 5 | Honda Accord | $1,518 | -$170 |
| 6 | Toyota Camry | $1,520 | -$168 |
| 7 | Volkswagen Passat | $1,522 | -$166 |
| 8 | Nissan Altima | $1,530 | -$158 |
| 9 | Kia K5 | $1,554 | -$134 |
| 10 | Volkswagen Arteon | $1,650 | -$38 |
| 11 | Tesla Model 3 | $1,688 | -- |
| 12 | Hyundai Sonata | $1,712 | $24 |
| 13 | Kia Stinger | $1,732 | $44 |
Your location is has a significant impact on the cost of Model 3 insurance. What may be considered cheap in some states may be rather expensive in others. The table below shows the average cost to insure a Tesla Model 3 in all 50 U.S. states.
| U.S. State | Annual Cost | 6-month Cost | Monthly Cost |
|---|---|---|---|
| Alabama | $1,420 | $710 | $118 |
| Alaska | $1,328 | $664 | $111 |
| Arizona | $1,528 | $764 | $127 |
| Arkansas | $1,624 | $812 | $135 |
| California | $1,872 | $936 | $156 |
| Colorado | $1,808 | $904 | $151 |
| Connecticut | $1,848 | $924 | $154 |
| Delaware | $1,832 | $916 | $153 |
| Florida | $2,282 | $1,141 | $190 |
| Georgia | $1,744 | $872 | $145 |
| Hawaii | $1,342 | $671 | $112 |
| Idaho | $1,128 | $564 | $94 |
| Illinois | $1,202 | $601 | $100 |
| Indiana | $1,228 | $614 | $102 |
| Iowa | $1,118 | $559 | $93 |
| Kansas | $1,468 | $734 | $122 |
| Kentucky | $1,912 | $956 | $159 |
| Louisiana | $2,500 | $1,250 | $208 |
| Maine | $1,070 | $535 | $89 |
| Maryland | $1,560 | $780 | $130 |
| Massachusetts | $1,420 | $710 | $118 |
| Michigan | $3,032 | $1,516 | $253 |
| Minnesota | $1,500 | $750 | $125 |
| Mississippi | $1,504 | $752 | $125 |
| Missouri | $1,482 | $741 | $124 |
| Montana | $1,552 | $776 | $129 |
| Nebraska | $1,334 | $667 | $111 |
| Nevada | $1,894 | $947 | $158 |
| New Hampshire | $1,226 | $613 | $102 |
| New Jersey | $1,640 | $820 | $137 |
| New Mexico | $1,462 | $731 | $122 |
| New York | $1,876 | $938 | $156 |
| North Carolina | $1,152 | $576 | $96 |
| North Dakota | $1,300 | $650 | $108 |
| Ohio | $1,138 | $569 | $95 |
| Oklahoma | $1,820 | $910 | $152 |
| Oregon | $1,494 | $747 | $125 |
| Pennsylvania | $1,490 | $745 | $124 |
| Rhode Island | $2,014 | $1,007 | $168 |
| South Carolina | $1,568 | $784 | $131 |
| South Dakota | $1,398 | $699 | $117 |
| Tennessee | $1,398 | $699 | $117 |
| Texas | $1,640 | $820 | $137 |
| Utah | $1,384 | $692 | $115 |
| Vermont | $1,174 | $587 | $98 |
| Virginia | $1,088 | $544 | $91 |
| Washington | $1,330 | $665 | $111 |
| West Virginia | $1,502 | $751 | $125 |
| Wisconsin | $1,234 | $617 | $103 |
| Wyoming | $1,504 | $752 | $125 |
Tesla Model 3 prior model year insurance rates
The following sections detail average Tesla Model 3 car insurance rates for every trim level for the 2017 to 2020 model years. Rates for the 2021 model are detailed in the above article.
How much does 2020 Tesla Model 3 insurance cost?
Average auto insurance rates for a 2020 Tesla Model 3 are $1,646 per year, or around $137 per month. Rates range from $1,496 per year for the Model 3 Standard Range AWD to $1,810 for the Model 3 Performance AWD.
| 2020 Tesla Model 3 Trim Level | Annual Rate | Per Month |
|---|---|---|
| Standard Range AWD | $1,496 | $125 |
| Long Range AWD | $1,630 | $136 |
| Performance AWD | $1,810 | $151 |
What does a 2019 Model 3 cost to insure?
Car insurance rates for a 2019 Tesla Model 3 average $1,502 per year, or about $125 per month. Rates range from $1,428 per year for the Model 3 Standard Range AWD to $1,558 for the Model 3 Long Range AWD.
| 2019 Tesla Model 3 Trim Level | Annual Rate | Per Month |
|---|---|---|
| Standard Range AWD | $1,428 | $119 |
| Performance AWD | $1,526 | $127 |
| Long Range AWD | $1,558 | $130 |
How much does 2018 Model 3 car insurance cost?
2018 Tesla Model 3 insurance rates average $1,564 per year, or around $130 per month. Cost ranges from $1,462 per year for the Model 3 Sedan to $1,728 for the Model 3 Performance AWD.
| 2018 Tesla Model 3 Trim Level | Annual Rate | Per Month |
|---|---|---|
| Sedan | $1,462 | $122 |
| AWD | $1,504 | $125 |
| Performance AWD | $1,728 | $144 |
How much are 2017 Tesla Model 3 insurance rates?
A 2017 Tesla Model 3 averages $1,342 per year for full coverage insurance, or around $112 per month.
| 2017 Tesla Model 3 Trim Level | Annual Rate | Per Month |
|---|---|---|
| Sedan | $1,342 | $112 |
