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Tesla Model 3 insurance rates are $150 per month for full coverage which is about $1,800 per year. You can spend $283 more per year when you insure a Telsa Model 3. Continue reading to learn how you can save more money on Tesla Model 3 insurance rates.
You can start comparing quotes for Tesla Model 3 auto insurance rates from some of the best auto insurance companies by using our free online tool now.
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The average Tesla Model 3 auto insurance rates are $1,802 a year or $150 a month.
The chart below details how Tesla Model 3 insurance rates compare to other electric luxury sedans like the Tesla Model S.
|Tesla Model 3||$444||$906||$316||$1,802|
|Tesla Model S||$582||$1186||$316||$2,220|
However, there are a few things you can do to find the cheapest Tesla insurance rates online.
The Tesla Model 3 trim and model you choose can impact the total price you will pay for Tesla Model 3 auto insurance coverage.
Older Tesla Model 3 models generally cost less to insure. For example, auto insurance for a 2020 Tesla Model 3 costs $1,802, while 2018 Tesla Model 3 insurance costs are $1,744, a difference of $58.
|2020 Tesla Model 3||$444||$906||$316||$1,802|
|2019 Tesla Model 3||$424||$870||$332||$1,762|
|2018 Tesla Model 3||$406||$864||$338||$1,744|
Driver age can have a significant effect on Tesla Model 3 auto insurance rates. For example, 20-year-old drivers pay $2,204 more for their Tesla Model 3 auto insurance each year than 30-year-old drivers.
Where you live can have a large impact on Tesla Model 3 insurance rates. For example, drivers in Jacksonville may pay $1,081 a year more than drivers in Indianapolis.
Your driving record can have an impact on the cost of Tesla Model 3 auto insurance. Teens and drivers in their 20’s see the highest jump in their Tesla Model 3 auto insurance with violations on their driving record.
Your Tesla Model 3 auto insurance rates are tied to the safety ratings of the Tesla Model 3. See the breakdown below:
|Small overlap front: driver-side||Good|
|Small overlap front: passenger-side||Good|
|Moderate overlap front||Good|
|Head restraints and seats||Good|
|Source: Insurance Institute for Highway Safety|
Good Tesla Model 3 crash test ratings mean the VW is safer, which could mean cheaper Tesla Model 3 auto insurance rates.
|2020 Tesla Model 3 4 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2020 Tesla Model 3 4 DR AWD||5 stars||5 stars||5 stars||5 stars|
|2019 Tesla Model 3 4 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2019 Tesla Model 3 4 DR AWD||5 stars||5 stars||5 stars||5 stars|
|2018 Tesla Model 3 4 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2018 Tesla Model 3 4 DR AWD||N/R||N/R||5 stars||5 stars|
|2017 Tesla Model 3 DR RWD||N/R||N/R||N/R||N/R|
|1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration|
Having a variety of safety features on your Tesla Model 3 can help lower your Tesla Model 3 insurance costs. The Tesla Model 3’s safety features include:
If you are financing a Tesla Model 3, most lenders will require your carry higher Tesla Model 3 coverage options including comprehensive coverage, so be sure to shop around and compare Tesla Model 3 auto insurance rates from the best companies using our FREE tool below.
There are many ways that you can save on Tesla Model 3 auto insurance. Below are five actions you can take to find cheap Tesla Model 3 auto insurance rates.
Who is the best auto insurance company for Tesla Model 3 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Tesla Model 3 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Tesla Model 3 offers.
|Source: Insurance Information Institute|
Save on your Tesla Model 3 auto insurance rates by taking advantage of our FREE comparison tool.