Tesla Model 3 insurance facts
- Average insurance cost: $215/month
- Most affordable insurance company: Allied ($70/month)
- Model 3 insurance cost vs. average vehicle insurance cost: $86 more expensive than the average vehicle
Browse the data below to see average annual prices from established auto insurance companies for the Tesla Model 3 by year. Then use The Zebra to quickly get a car insurance quote for your vehicle.
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How much does it cost to insure my Tesla Model 3?
Select your model year:
2020 Tesla Model 3
Cheapest Insurance Companies
Average Annual Cost
$837
$1,305
Vermont Mutual
$1,345
Tennessee Farmers
$1,389
$1,535
$1,557
$1,644
Country
$1,689
$1,713
$1,724
Southern Farm Bureau
$1,762
$1,816
Compare all 2020 Tesla Model 3 insurance rates.
Average Cost to Insure Per Year
$2,578List Price
$37,990Trims Available
Standard Range Plus, Long Range, Performance
2019 Tesla Model 3
Cheapest Insurance Companies
Average Annual Cost
Nationwide
$1,370
$1,431
Erie
$1,486
Vermont Mutual
$1,498
USAA
$1,512
American Family
$1,571
$1,660
Auto Owners
$1,756
Country
$1,778
State Farm
$1,805
$1,829
Southern Farm Bureau
$1,896
Compare all 2019 Tesla Model 3 insurance rates.
Average Cost to Insure Per Year
$2,383List Price
$35,000Trims Available
Standard, Standard Plus, Mid Range, Long Range, Performance
2018 Tesla Model 3
Cheapest Insurance Companies
Average Annual Cost
American Family
$1,148
Erie
$1,174
Nationwide
$1,282
USAA
$1,337
Vermont Mutual
$1,339
State Farm
$1,401
Country
$1,509
$1,803
$1,806
Tennessee Farmers
$1,938
$2,358
$2,587
Compare all 2018 Tesla Model 3 insurance rates.
Average Cost to Insure Per Year
$1,813List Price
$46,000Trims Available
Standard Range, Mid Range, Long Range, Performance
2017 Tesla Model 3
Cheapest Insurance Companies
Average Annual Cost
American Family
$1,111
Erie
$1,137
Vermont Mutual
$1,291
Nationwide
$1,304
USAA
$1,334
State Farm
$1,369
Country
$1,486
Progressive
$1,772
GEICO
$1,776
Tennessee Farmers
$1,938
Plymouth Rock
$2,278
Allstate
$2,659
Compare all 2017 Tesla Model 3 insurance rates.
Average Cost to Insure Per Year
$1,621List Price
$35,000Trims Available
Standard, Long Range