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.
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Cheapest Companies
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
$3,6502024 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
$3,4972023 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
$3,3662022 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
$3,3882021 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
$1,7332020 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
$3,3382019 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
$2,7582018 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
$2,9932017 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 |