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Tesla Model 3 Car Insurance
How much does car insurance cost for your Tesla Model 3? We collected quotes from thousands of drivers to find cheapest rate.
Compare Car Insurance Rates for Your Model 3
What is the Average Cost to Insure a Tesla Model 3?
Tesla Model 3
How much does car insurance cost for Tesla Model 3? Your age, location, driving history, education and marital status all play a major factor in the price you pay to insure your vehicle. We analyzed our car insurance rate data and calculated the average rate that you can expect to pay based on your age. We also looked at the average rate that some of the top car insurance companies are charging drivers. Keep in mind, these are just average and your actual price may vary. Check out more information about the Tesla Model 3 below.
Tesla Model 3 Insurance Model Year by Age Group
The price you pay to insure your Tesla Model 3 can vary based on your age group. Here are the average rates you can expect to pay.
| Year | 16-19 yr old | 20-29 yr old | 30-39 yr old | 40-49 yr old | 50-59 yr old | 60+ yr old |
| 2024 | $90.93 / mo | $94.86 / mo | $112.95 / mo | N/A | N/A | $134.70 / mo |
| 2023 | $1,096.00 / mo | $404.83 / mo | $288.01 / mo | $267.86 / mo | $275.85 / mo | $193.06 / mo |
| 2022 | $1,204.13 / mo | $312.09 / mo | $226.80 / mo | $217.76 / mo | $205.63 / mo | $256.40 / mo |
| 2021 | $1,161.12 / mo | $603.06 / mo | $277.15 / mo | $270.99 / mo | $183.27 / mo | $228.58 / mo |
| 2020 | $877.08 / mo | $232.62 / mo | $223.10 / mo | $161.10 / mo | $194.62 / mo | $259.80 / mo |
| 2019 | $1,483.68 / mo | $407.60 / mo | $230.16 / mo | $220.87 / mo | $142.73 / mo | $277.23 / mo |
| 2018 | $320.54 / mo | $285.07 / mo | $199.90 / mo | $179.46 / mo | $201.63 / mo | $153.53 / mo |
| 2017 | $694.92 / mo | N/A | $171.95 / mo | $73.09 / mo | N/A | $225.04 / mo |
2024 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| New York Central Mutual Fire | $762.00 / year |
| Mercury Insurance Company | $771.00 / year |
| Plymouth Rock Assurance | $897.00 / year |
| Dairyland Auto | $945.00 / year |
| Travelers | $975.00 / year |
| Kemper Auto Premier | $981.00 / year |
| Erie | $1,127.00 / year |
| Hanover | $1,342.00 / year |
| USAA | $1,634.00 / year |
| Esurance | $1,815.00 / year |
2024 Tesla Model 3 Insurance
Average Cost to Insure
$1,236.00 / year
Cheapest Rate
$762.00 / year New York Central Mutual Fire
Available Trims
4dr SEDAN (cyl)
2023 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Safeco | $230.00 / year |
| Mercury Insurance | $323.00 / year |
| New York Central Mutual Fire | $812.00 / year |
| Texas Farm Bureau Group | $888.00 / year |
| Plymouth Rock Assurance | $1,036.00 / year |
| SafeAuto | $1,089.00 / year |
| Capital Insurance Group | $1,195.00 / year |
| Virginia Farm Bureau | $1,248.00 / year |
| Erie | $1,255.00 / year |
| Direct Auto | $1,393.00 / year |
2023 Tesla Model 3 Insurance
Average Cost to Insure
$738.80 / year
Cheapest Rate
$230.00 / year Safeco
Available Trims
4dr SEDAN (cyl)
2022 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Safeco | $356.00 / year |
| NatGen Value | $717.00 / year |
| Kemper Auto Premier | $733.00 / year |
| Mercury Insurance | $758.00 / year |
| American National P | $1,235.00 / year |
| Titan | $1,335.00 / year |
| Capital Insurance Group | $1,337.00 / year |
| Texas Farm Bureau Group | $1,372.00 / year |
| Virginia Farm Bureau | $1,570.00 / year |
| Plymouth Rock Assurance | $1,698.00 / year |
2022 Tesla Model 3 Insurance
Average Cost to Insure
$680.30 / year
Cheapest Rate
$356.00 / year Safeco
Available Trims
4dr SEDAN (cyl)
2021 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| American National P | $677.00 / year |
| Safeco | $939.00 / year |
| Farm Bureau Mutual (IA Group) | $1,179.00 / year |
| IMT Insurance Company | $1,230.00 / year |
| Buckeye Insurance Group | $1,232.00 / year |
| Indiana Farmers Mutual Ins | $1,299.00 / year |
| Mercury Insurance | $1,326.00 / year |
| Texas Farm Bureau Group | $1,330.00 / year |
| ACCC Insurance Company | $1,347.00 / year |
| Partners Mutual Insurance Co | $1,404.00 / year |
2021 Tesla Model 3 Insurance
Average Cost to Insure
$712.13 / year
Cheapest Rate
$677.00 / year American National P
Available Trims
4dr SEDAN (cyl)
2020 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Safeco | $496.00 / year |
| Titan | $947.00 / year |
| Mercury Insurance | $957.00 / year |
| Dairyland Auto 1 Month | $1,134.00 / year |
| West Bend Mutual | $1,136.00 / year |
| Liberty Mutual | $1,139.00 / year |
| North Carolina Farm Bureau | $1,152.00 / year |
| Rural Mutual Insurance | $1,166.00 / year |
| Texas Farm Bureau Group | $1,227.00 / year |
| Western National | $1,259.00 / year |
2020 Tesla Model 3 Insurance
Average Cost to Insure
$766.57 / year
Cheapest Rate
$496.00 / year Safeco
Available Trims
4dr SEDAN (cyl)
2019 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Mercury Insurance | $552.00 / year |
| Safeco | $593.00 / year |
| American National P | $858.00 / year |
| Tennessee Farmers | $987.00 / year |
| SafeAuto | $1,028.00 / year |
| SECURA Insurance | $1,243.00 / year |
| PEMCO | $1,260.00 / year |
| Liberty Mutual | $1,379.00 / year |
| Oregon Mutual | $1,429.00 / year |
| Capital Insurance Group | $1,460.00 / year |
2019 Tesla Model 3 Insurance
Average Cost to Insure
$798.33 / year
Cheapest Rate
$552.00 / year Mercury Insurance
Available Trims
4dr SEDAN (cyl)
2018 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Mercury Insurance | $594.00 / year |
| Safeco | $642.00 / year |
| American National P | $713.00 / year |
| Pekin Insurance | $1,102.00 / year |
| Verti Insurance | $1,161.00 / year |
| Texas Farm Bureau Group | $1,239.00 / year |
| Virginia Farm Bureau | $1,371.00 / year |
| Capital Insurance Group | $1,377.00 / year |
| SECURA Insurance | $1,471.00 / year |
| Southern Farm Bureau | $1,568.00 / year |
2018 Tesla Model 3 Insurance
Average Cost to Insure
$673.10 / year
Cheapest Rate
$594.00 / year Mercury Insurance
Available Trims
4dr SEDAN (cyl)
2017 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Unitrin | $2,121.00 / year |
| California Capital | $2,522.00 / year |
| Grange | $2,586.00 / year |
| Nationwide | $3,306.00 / year |
| USAA | $3,596.00 / year |
| Bristol West | $3,646.00 / year |
| Hartford | $4,006.00 / year |
| Alliance United | $4,242.00 / year |
| State Farm | $4,438.00 / year |
| Auto Club | $4,661.00 / year |
2017 Tesla Model 3 Insurance
Average Cost to Insure
$2,964.00 / year
Cheapest Rate
$2,121.00 / year Unitrin
Available Trims
4dr SEDAN (cyl)
Compare Model 3 to other Tesla Models
Wondering how the Model 3 compares to other Tesla Models? Check out the average rates for each vehicle below.
Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
