Tesla Model 3 Insurance: by Model Year & Company

Tesla Model 3 insurance costs an average of $1,575 for a 6-month full coverage policy. USAA offers the cheapest rate for the latest Tesla Model 3 at $167/mo or $999 for a 6-month full coverage policy.

Shopping around? Use our calculator to compare average insurance rates by vehicle.
Know your vehicle? Get a personalized quote by entering your zip code.

What to know about insuring a Tesla Model 3:

The Model 3 costs more to insure than most sedans. Averaging $263/mo for the Model 3 versus $203/mo for typical sedans.
If you're considering a vehicle similar to the Model 3, like the Tesla Model Y ($283/mo), Tesla Model S ($336/mo), or Tesla Model X ($377/mo), your insurance costs will be cheaper.
American Family ($188/mo), Progressive ($191/mo), USAA ($191/mo) offer the cheapest full coverage rates.

The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.

Tesla Model 3 Car Insurance Rates by State

State	Average Annual Premium
Alabama	$3,552
Alaska	$4,838
Arizona	$5,128
Arkansas	$4,284
California	$4,188
Colorado	$4,246
Connecticut	$5,425
Delaware	$5,994
Florida	$4,154
Georgia	$3,875
Hawaii	$3,291
Idaho	$2,893
Illinois	$4,401
Indiana	$2,924
Iowa	$2,855
Kansas	$3,610
Kentucky	$3,880
Louisiana	$5,789
Maine	$2,735
Maryland	$4,245
Massachusetts	$2,748
Michigan	$4,158
Minnesota	$3,882
Mississippi	$3,273
Missouri	$4,093
Montana	$3,655
Nebraska	$3,365
Nevada	$4,260
New Hampshire	$3,014
New Jersey	$3,941
New Mexico	$3,280
New York	$3,845
North Carolina	$2,801
North Dakota	$3,574
Ohio	$2,566
Oklahoma	$4,044
Oregon	$3,550
Pennsylvania	$3,759
Rhode Island	$6,019
South Carolina	$3,509
South Dakota	$3,164
Tennessee	$3,462
Texas	$3,924
Utah	$3,350
Vermont	$2,732
Virginia	$3,356
Washington	$3,189
Washington, D.C.	$5,029
West Virginia	$3,817
Wisconsin	$3,219
Wyoming	$3,239

Compare Tesla Model 3 insurance costs vs other vehicles

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2025 Tesla Model 3

Av. Cost Per Year$3,650

Av. Per Month$304

Cheapest Companies

USAA$140/m

American Family$147/m

State Farm$171/m

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How much does it cost to insure my Tesla Model 3?

Select your model year:

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2025 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$1,998
Nationwide	$2,261
American Family	$2,650
Progressive	$2,678
State Farm	$2,988
Erie	$4,418
GEICO	$4,531
Farmers	$5,478
Allstate	$5,773

Compare all 2025 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$3,650

2024 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$1,976
Nationwide	$2,293
American Family	$2,440
Progressive	$2,647
State Farm	$2,870
Erie	$4,227
GEICO	$4,342
Farmers	$5,053
Allstate	$5,371

Compare all 2024 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$3,497

2023 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$1,925
Nationwide	$2,324
American Family	$2,325
Progressive	$2,589
State Farm	$2,879
GEICO	$3,787
Erie	$4,061
Farmers	$4,761
Allstate	$5,602

Compare all 2023 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$3,366

2022 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$2,055
Progressive	$2,487
Nationwide	$2,531
American Family	$2,750
State Farm	$2,936
GEICO	$3,813
Erie	$3,916
Farmers	$4,520
Allstate	$5,500

Compare all 2022 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$3,388

2021 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
American Family	$1,308
Progressive	$1,431
Allstate	$1,449
Farmers	$1,883
GEICO	$1,920
USAA	$5,524
Nationwide	$5,951

Compare all 2021 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$1,733

2020 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$1,943
American Family	$2,268
Progressive	$2,307
Nationwide	$2,540
State Farm	$2,714
Erie	$3,718
Farmers	$4,311
GEICO	$4,330
Allstate	$4,930

Compare all 2020 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$3,338

2019 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$1,670
American Family	$1,903
Progressive	$2,151
Nationwide	$2,292
State Farm	$2,443
GEICO	$3,246
Erie	$3,469
Allstate	$3,826
Farmers	$3,827

Compare all 2019 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$2,758

2018 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$1,889
Progressive	$2,170
Nationwide	$2,313
State Farm	$2,427
American Family	$2,879
Erie	$3,510
GEICO	$3,565
Farmers	$3,982
Allstate	$4,444

Compare all 2018 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$2,993

2017 Tesla Model 3

Cheapest Insurance Companies	Average Annual Cost
USAA	$1,682
American Family	$1,765
State Farm	$2,047
Progressive	$2,197
Nationwide	$2,265
Erie	$3,203
GEICO	$3,282
Farmers	$3,455
Allstate	$3,686

Compare all 2017 Tesla Model 3 insurance rates.

Average Cost to Insure Per Year

$2,676