Tesla Model 3 Insurance Cost: Average Price and Risk Factors

Electric sedan with strong safety ratings. Repair costs and parts pricing can push insurance higher. Insurance for the Tesla Model 3 is influenced by repair costs, safety ratings, and theft risk. We outline how these factors affect your likely premium and how to compare quotes.

State averages, your age, driving history, and coverage level all affect your quote. Use state-level estimates as a starting point, then get quotes from several insurers to find the best rate for your situation.

Insurance cost compared with similar vehicles in the same segment or type:

• Toyota Camry
• Honda Accord
• Nissan Altima
• Toyota Corolla
• Honda Civic
• Hyundai Elantra
• Kia Optima
• Volkswagen Jetta

Rates for this model are often a bit higher than segment norms. Insurers factor in repair expense, theft data, and the claim history of similar vehicles and drivers.

Your own rate will also depend on your state, age, and driving record. Compare quotes from multiple companies to see how the Tesla Model 3 is priced for your profile.

Theft risk for this vehicle is somewhat above average. In regions where theft is common, comprehensive coverage may cost more.

Theft risk for the Tesla Model 3 is rated elevated. In areas with high theft rates, comprehensive coverage will cost more. You can still shop around to find the best price.

This vehicle earns high marks for safety. Good crashworthiness and safety tech can be reflected in competitive rates from some carriers.

Safety features and crash test results for the Tesla Model 3 are part of how insurers assess risk. Ask about discounts for safety equipment when you get quotes.

Rates for the Tesla Model 3 vary by state. Use the links below to see state-level estimates and scenario pages.

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• Connecticut
• Delaware
• Florida
• Georgia
• Hawaii
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana

You can often lower your premium for the Tesla Model 3 by shopping around and taking advantage of discounts.

• Bundle auto with home or renters insurance for a multi-policy discount.
• Ask about good driver, good student, and pay-in-full discounts.
• Compare quotes from at least three insurers; rates vary widely by company.
• Consider a higher deductible if you can afford the out-of-pocket cost after a claim.
• Some insurers offer usage-based programs that can lower rates for safe driving.