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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 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.

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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.

Year16-19 yr old20-29 yr old30-39 yr old40-49 yr old50-59 yr old60+ yr old
2021$351.36 / mo$204.41 / mo$156.47 / mo$177.63 / mo$187.97 / mo$168.08 / mo
2020$360.42 / mo$228.36 / mo$176.52 / mo$164.85 / mo$143.63 / mo$162.65 / mo
2019$351.23 / mo$236.53 / mo$176.82 / mo$154.63 / mo$168.03 / mo$167.87 / mo
2018$272.49 / mo$135.90 / mo$136.67 / mo$119.60 / mo$109.16 / mo$121.57 / mo
2017N/A$142.41 / mo$83.30 / mo$58.64 / mo$77.84 / mo$167.44 / mo

Tesla 2021 Tesla Model 3 Insurance Rates by Companies

Insurance Company12 month Premium
Farm Bureau Mutual (IA Group) $1,221.00 / year
ACCC Insurance Company $1,347.00 / year
Country $1,490.00 / year
Allied $1,989.00 / year
Unigard $2,097.00 / year
Capital Insurance Group $2,193.00 / year
PEMCO $2,292.00 / year
Direct Auto $2,318.00 / year
Oregon Mutual $2,343.00 / year
California Capital $2,364.00 / year

2021 Tesla Model 3 Insurance

Average Cost to Insure

$2,472.00 / year

Cheapest Rate

$1,221.00 / year Farm Bureau Mutual (IA Group)

Available Trims

4dr SEDAN (cyl)

Tesla 2020 Tesla Model 3 Insurance Rates by Companies

Insurance Company12 month Premium
Concord Group $789.00 / year
American National P&C $1,005.00 / year
North Carolina Farm Bureau $1,277.00 / year
Countryway Insurance $1,325.00 / year
Oregon Mutual $1,413.00 / year
Patriot Group $1,617.00 / year
Unigard $1,695.00 / year
MMG Insurance Company $1,767.00 / year
Pekin Insurance $1,779.00 / year
Texas Farm Bureau Group $1,798.00 / year

2020 Tesla Model 3 Insurance

Average Cost to Insure

$1,948.90 / year

Cheapest Rate

$789.00 / year Concord Group

Available Trims

4dr SEDAN (cyl)

Tesla 2019 Tesla Model 3 Insurance Rates by Companies

Insurance Company12 month Premium
Pekin Insurance $891.00 / year
American National P&C $950.00 / year
West Bend Mutual $1,092.00 / year
Rural Mutual Insurance $1,172.00 / year
Hastings Mutual Insurance Co $1,172.00 / year
Bear River $1,218.00 / year
Partners Mutual Insurance Co $1,236.00 / year
SECURA Insurance $1,336.00 / year
Rockford Mutual Insurance $1,380.00 / year
Texas Farm Bureau Group $1,402.00 / year

2019 Tesla Model 3 Insurance

Average Cost to Insure

$1,665.40 / year

Cheapest Rate

$891.00 / year Pekin Insurance

Available Trims

4dr SEDAN (cyl)

Tesla 2018 Tesla Model 3 Insurance Rates by Companies

Insurance Company12 month Premium
Safety Group $1,002.00 / year
Virginia Farm Bureau $1,083.00 / year
Buckeye Insurance Group $1,155.00 / year
Verti Insurance $1,161.00 / year
Norfolk and Dedham Group $1,194.00 / year
Arbella Insurance Group $1,305.00 / year
Hastings Mutual Insurance Co $1,338.00 / year
New Jersey Manufacturers $1,351.00 / year
Oregon Mutual $1,392.00 / year
North Carolina Farm Bureau $1,461.00 / year

2018 Tesla Model 3 Insurance

Average Cost to Insure

$1,587.03 / year

Cheapest Rate

$1,002.00 / year Safety Group

Available Trims

4dr SEDAN (cyl)

Tesla 2017 Tesla Model 3 Insurance Rates by Companies

Insurance Company12 month Premium
Hastings Mutual Insurance Co $662.00 / year
Pekin Insurance $771.00 / year
Erie $917.00 / year
Cincinnati Insurance $918.00 / year
Westfield $972.00 / year
Grange Mutual $1,035.00 / year
Buckeye Insurance Group $1,074.00 / year
Auto-Owners Insurance Co $1,080.00 / year
Indiana Farmers Mutual Ins $1,119.00 / year
Motorists Mutual $1,203.00 / year

2017 Tesla Model 3 Insurance

Average Cost to Insure

$1,236.00 / year

Cheapest Rate

$662.00 / year Hastings Mutual Insurance Co

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.