Tesla Model 3 Insurance Cost
- Tesla Model 3 insurance costs range from $186 to $826 per month
- Allied offers the cheapest coverage
- See more average rates from GEICO, Allstate, USAA and other companies below
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Tesla Model 3 Insurance cost
- Average insurance cost: $215 per month
- Most affordable insurance company: Allied ($70 per month)
- 37% of drivers insure their Model 3 with high liability limits plus full coverage
The estimates below and above are based on our sample driver profile — a 30-year-old single male driving a Tesla Model 3 with full coverage. Depending on your coverage level, driving history and state, your individual costs will vary.
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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