Tesla Model 3 car insurance costs around
$1,602 yearly, or $134 on a monthly basis. With the average midsize car costing $1,589 a year to insure, the Tesla Model 3 could cost an additional $13 or more annually compared to similar vehicles. When compared to all vehicles for the 2022 model year (not just the midsize car segment), Tesla Model 3 insurance costs 2.2% more than the national average car insurance rate of $1,567 per year. The following chart displays average car insurance cost on a 2022 Tesla Model 3 using
different policy scenarios and driver ages. Chart Data Details: Average rates are for a 2022 model year Tesla Model 3 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S.
states and all Tesla Model 3 trim levels.Data last updated on September 27, 2022
Tesla Model 3 Insurance Cost Summary 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 $1,488 to $1,736 per year for an average driver, the cheapest Tesla Model 3 to insure is the Standard Range 2WD model. The next cheapest trim level to insure is the Long Range AWD at $1,584 per year. Plan on budgeting around $124 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 $1,736 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. 2022 Tesla Model 3 Insurance Cost by Trim Level
Table Data Details: Average rates are for a 2022 Tesla Model 3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022 Is Tesla Model 3 car insurance expensive?The Tesla Model 3 ranks #9 out of 13 comparison vehicles in the 2022 midsize car class. The Model 3 costs an estimated $1,602 per year for full coverage insurance, while the class median average cost is $1,589 annually, a difference of $13 per year. When compared to the most popular models in the midsize car segment, car insurance for a Tesla Model 3 costs $100 more per year than Toyota Camry insurance, $14 more than the cost of Honda Accord insurance, $104 less than Nissan Altima insurance rates, and $18 more than Chevrolet Malibu insurance. The table below shows how a Tesla Model 3 compares to all the other 2022 model year midsize cars (excluding luxury midsize cars) for car insurance affordability. Insurance Cost Comparison: Tesla Model 3 vs Midsize Cars
Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022 With an average MSRP of $51,657, the cost to purchase a 2022 Tesla Model 3 ranges from $44,990 to $58,990, before delivery charges and documentation fees. The vehicles in the midsize car segment that have the most similar average MSRP to the Tesla Model 3 for the 2022 model year are the Kia Stinger, Volkswagen Arteon, Honda Accord, and Hyundai Sonata. The list below shows how they compare to a Model 3 for MSRP and average full-coverage insurance cost.
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. Tesla Model 3 Insurance Cost by U.S. State
Table Data Details: Average rates are for a 2022 Tesla Model 3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Tesla Model 3 trim levels. Physical damage deductibles are $500 and rates are averaged for all zip codes in each state.Data last updated on September 27, 2022 Tesla Model 3 prior model year insurance ratesThe following sections detail average Tesla Model 3 car insurance rates for every trim level for the 2017 to 2021 model years. Rates for the 2022 model are detailed in the above article. How much does insurance cost on a 2021 Tesla Model 3?Average auto insurance rates for a 2021 Tesla Model 3 are $1,672 per year, or around $139 per month. Rates range from $1,522 per year for the Model 3 Standard Range AWD to $1,842 for the Model 3 Performance AWD. 2021 Tesla Model 3 Insurance Cost by Trim Level
Table Data Details: Average rates are for a 2021 Tesla Model 3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022 How much does 2020 Tesla Model 3 insurance cost?Average auto insurance rates for a 2020 Tesla Model 3 are $1,640 per year, or around $137 per month. Rates range from $1,492 per year for the Model 3 Standard Range AWD to $1,804 for the Model 3 Performance AWD. 2020 Tesla Model 3 Insurance Cost by Trim Level
Table Data Details: Average rates are for a 2020 Tesla Model 3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022 What does a 2019 Model 3 cost to insure?Car insurance rates for a 2019 Tesla Model 3 average $1,506 per year, or about $126 per month. Rates range from $1,434 per year for the Model 3 Standard Range AWD to $1,562 for the Model 3 Long Range AWD. 2019 Tesla Model 3 Insurance Cost by Trim Level
Table Data Details: Average rates are for a 2019 Tesla Model 3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022 How much does 2018 Model 3 car insurance cost?2018 Tesla Model 3 insurance rates average $1,550 per year, or around $129 per month. Cost ranges from $1,448 per year for the Model 3 Sedan to $1,708 for the Model 3 Performance AWD. 2018 Tesla Model 3 Insurance Cost by Trim Level
Table Data Details: Average rates are for a 2018 Tesla Model 3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022 How much are 2017 Tesla Model 3 insurance rates?A 2017 Tesla Model 3 averages $1,330 per year for full coverage insurance, or around $111 per month. 2017 Tesla Model 3 Insurance Cost by Trim Level
Table Data Details: Average rates are for a 2017 Tesla Model 3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022 |