How much does Tesla 3 car insurance cost?
On average, Tesla 3 drivers spend $100 each month on state minimum car insurance and $223 per month for full coverage.
However, there is no real ‘average’ cost of car insurance as your price depends on your driver profile. Many factors play a role in determining your Tesla 3 insurance costs, from the trim level you own to your car’s age. The only way to understand how much your car insurance will cost is to compare car insurance quotes.
Compare the cheapest Tesla 3 car insurance quotes
This may feel complicated, but it doesn’t have to be. Jerry is a car insurance price comparison tool that helps you to easily compare quotes, saving you time and money.
Check out the table below to see real, free quotes that real people have gotten from Jerry.
|
Date of Policy
|
Avg Monthly Quote
|
Insurance Company
|
City, State
|
Car Model
|
Car Make
|
Liability Limits
|
Has Full Coverage
|
|---|---|---|---|---|---|---|---|
| December 15, 2024 | $663 | Bristol West | Los Angeles, CA | Model 3 | Tesla | 50/100 | Yes |
| December 15, 2024 | $263 | Bristol West | Pine Hill, NJ | Model 3 | Tesla | 25/50 | No |
| December 15, 2024 | $703 | Bristol West | Pine Hill, NJ | Model 3 | Tesla | 25/50 | Yes |
| December 15, 2024 | $175 | National General | Jacksonville, NC | Model 3 | Tesla | 50/100 | Yes |
| December 15, 2024 | $299 | Bristol West | Lodi, NJ | Model 3 | Tesla | 25/50 | No |
However, insurance costs can vary greatly even for the same model. In addition to your driving record, ZIP code, and insurance history, insurance companies will consider your car’s model year and trim level when generating a quote.
To find out the rate for your Tesla 3, you’ll need to get car insurance quotes from at least three insurance companies.
The best car insurance companies for Tesla 3 owners
There’s no single best insurance company for all Tesla 3 owners—car insurance rates are highly personalized, and every insurance company uses a slightly different algorithm to calculate your premiums.
But that doesn’t mean we can’t find the best insurance company for you.
Jerry conducted the largest survey in the nation to help people compare car insurance companies. Check out how drivers rate different insurance companies below.
Insurance Company | Overall Rating | Price | Claims Experience | Customer Service |
|---|---|---|---|---|
| Safeco | 4.5 | 4.4 | 4 | 4.5 |
| Travelers | 4.5 | 4.2 | 4.4 | 4.5 |
| Progressive | 4.3 | 3.9 | 3.9 | 4.3 |
| AAA | 4.2 | 4 | 3.8 | 4.4 |
| Allstate | 4.2 | 3.6 | 3.8 | 4.2 |
| USAA | 4 | 3.5 | 4.5 | 4.2 |
| State Farm | 4 | 3.4 | 3.8 | 4.2 |
| Farmers | 4 | 3.4 | 4.1 | 3.9 |
| Geico | 3.9 | 3.3 | 3.9 | 4 |
| Liberty Mutual | 3.7 | 3.2 | 3.5 | 3.7 |
How’d we get these scores?
Jerry’s experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
How much car insurance do you need for a Tesla 3?
The average cost of Tesla 3 insurance is $100 per month for full coverage and $223 for state minimum coverage– but individual quotes can vary greatly depending on a variety of factors including model year, trim level, driving history coverage levels, and more.
- Minimum coverage insurance is the minimum amount of coverage legally required in your state, which typically includes at least bodily injury and property damage liability insurance.
- Full coverage insurance provides financial protection for damage to yourself, your vehicle, and other vehicles and passengers involved in an accident.
While knowing auto insurance averages can be useful, getting personalized quotes is the best way to shop for insurance. Jerry makes quote shopping easy, finding you the best coverage at the best rate.
Tesla 3 insurance cost by model year
The more recently your Tesla 3 was manufactured, the more it’ll cost to insure. New models are worth more and often have higher repair costs thanks to cutting-edge technology. Check out some see real quotes for Tesla 3’s provided by Jerry to better understand how your driver profile might affect your cost.
Are Tesla 3’s expensive to insure?
The average Tesla 3 insurance rate is $100 per month for average state minimum insurance and $223 for full coverage. It’s the most expensive Tesla-made car for state minimum insurance but second cheapest for full coverage.
| Car | Average State Minimum Insurance Cost | Average Full Coverage Insurance Cost |
|---|---|---|
| Tesla Model 3 | $100 | $223 |
| Tesla Model X | $97 | $250 |
| Tesla Model Y | $94 | $220 |
| Tesla Model S | $84 | $228 |
Why are similar cars more or less expensive to insure? When calculating the cost of your insurance, insurance companies take many factors into consideration. MSRP, trim level, model year, and the cost of repairs are some of the many factors that can influence how much your insurance costs.
Tesla 3 safety ratings
Insurance companies also consider the safety ratings of a particular car to determine insurance premiums.
The two best-known vehicle safety rating organizations are:
- Insurance Institute for Highway Safety (IIHS): The IIHS assesses the safety of a vehicle using two factors: how well vehicle occupants are protected in the event of a car crash, and how well the technology in the vehicle can prevent or reduce the severity of crashes.
- National Highway Traffic Safety Administration (NHTSA): The NHTSA’s 5-Star Safety Rating is based on how vehicles perform in frontal, side and rollover crash tests.
What other factors affect Tesla 3 insurance rates?
Many factors influence your car insurance rate, such as:
- The kind of car you have: Collision and comprehensive coverage are more costly for luxury, high-performance, and sports cars.
- Your age: Driver age affects insurance rates too. Drivers under 25 years of age will pay higher insurance rates. Insurance companies consider young drivers to be high risks due to their limited driving experience.
- Your driving record and claims history: Insurance companies will charge more if you have a history of accidents or tickets.
Tesla 3 insurance cost for young drivers
Teen drivers between the ages of 16 and 19 face the highest insurance costs out of any age group. For teen car owners driving a newer car, full coverage insurance offers better financial protection, since teenagers are more likely to get into accidents.
|
Date of Policy
|
Avg Monthly Quote
|
Insurance Company
|
Age
|
Car Make
|
Car Model
|
|---|---|---|---|---|---|
| November 20, 2024 | $1,525 | Progressive | 19 | Tesla | Model 3 |
| November 20, 2024 | $772 | Progressive | 19 | Tesla | Model 3 |
| October 31, 2024 | $1,857 | Progressive | 18 | Tesla | Model 3 |
| October 31, 2024 | $317 | The General | 18 | Tesla | Model 3 |
| October 31, 2024 | $271 | National General | 18 | Tesla | Model 3 |
Tesla 3 insurance cost for senior drivers
As you enter your mid-70s, car insurance costs begin to climb again. Car insurance rates for seniors tend to be higher for several reasons.
Older drivers are more likely to be involved in accidents, and are also more vulnerable to severe injuries in the event of a collision, leading to significant medical expenses and other increased costs for insurance providers.
|
Date of Policy
|
Avg Monthly Quote
|
Insurance Company
|
Age
|
Car Model
|
Car Make
|
|---|---|---|---|---|---|
| July 17, 2024 | $376 | Bristol West | 72 | Model 3 | Tesla |
| July 17, 2024 | $496 | National General | 72 | Model 3 | Tesla |
| June 28, 2024 | $153 | Bristol West | 81 | Model 3 | Tesla |
| May 14, 2024 | $181 | Progressive | 86 | Model 3 | Tesla |
| April 26, 2024 | $229 | National General | 74 | Model 3 | Tesla |
Tesla 3 insurance cost for drivers with driving violations
Your driving record impacts your auto insurance quotes. Those with a clean driving record are rewarded with lower insurance premiums.
If insurance companies notice a history of violations, they’ll see you as a higher risk and charge you a steeper rate. Some common violations that could increase your insurance rates include:
- Speeding
- DUIs
- At fault accident
- Reckless driving
- Driving on a suspended license
Cheapest car insurance for Tesla 3 drivers with speeding ticket
There are varying degrees of speeding. For example, speeding 1-5 MPH over the limit, 6-10 MPH over the limit generally won’t raise your rates as much as speeding over 21 MPH over the limit.
Jerry is proud to help Tesla 3 drivers with varying speeding tickets save on car insurance.
|
Speeding Type
|
Car
|
Insurance Company
|
Premium (monthly)
|
Customer
|
Insurance coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|
| Speeding Violation-Minor | Tesla Model X | Bristol West | $158 | James, 47, Corona, CA | State Minimum | No |
| Speeding Violation-Major | Tesla Model X | Dairyland | $305 | Mabel, 37, Phoenix, AZ | State Minimum | No |
| Speeding Violation-Major | Tesla Model X | Aspen | $89 | Stella, 37, Mckinney, TX | State Minimum | No |
| Speeding Violation-Minor | Tesla Model X | Bristol West | $859 | Christian, 51, Bamberg, SC | State Minimum | Yes |
| Speeding 16-20 | Tesla Model X | The General | $442 | Derrick, 35, Atlanta, GA | 50/100 | No |
Cheapest car insurance for Tesla 3 drivers with a DUI record
If you have a DUI offense on your record, car insurance rates can vary significantly from one insurance company to another.
You may need to compare rates from many insurance companies to find low-cost options after a DUI. Jerry has helped many drivers obtain affordable auto insurance rates after a DUI.
|
Violation
|
Car
|
Insurance Company
|
Premium (monthly)
|
Customer
|
Insurance coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|
| DUI | Tesla Model X | Progressive | $248 | Jennie, 39, Spring Hill, FL | State Minimum | Yes |
| DUI | Tesla Model X | Bristol West | $93 | Melvin, 39, Concord, CA | State Minimum | No |
| DUI | Tesla Model X | Bristol West | $625 | Theresa, 43, Ladera Ranch, CA | State Minimum | Yes |
Cheapest car insurance for Tesla 3 drivers after an accident
One of the most important factors affecting car insurance rates is your car accident or claim history.
If you were involved in an at-fault accident in the recent past, your car insurance rates could skyrocket. Jerry has helped many Tesla 3 drivers save on car insurance after car accidents.
|
Accident type
|
Car
|
Insurance Company
|
Premium (monthly)
|
Customer
|
Insurance coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|
| At Fault With No Injury | Tesla Model X | National General | $1,090 | Roger, 37, Newark, DE | State Minimum | Yes |
| At Fault With No Injury | Tesla Model X | Progressive | $879 | Gordon, 25, Mesa, AZ | 100/300 | Yes |
| At Fault With Injury | Tesla Model X | Bristol West | $444 | Mable, 40, Los Angeles, CA | State Minimum | No |
| At Fault With No Injury | Tesla Model X | The General | $1,183 | Winifred, 27, Middleburg, FL | No Coverage | Yes |
| At Fault With No Injury | Tesla Model X | Bristol West | $648 | Sam, 50, Fort Lee, NJ | 25/50 | No |
Cheapest car insurance for Tesla 3 drivers with other driving violations on their record
Other driving violations have the power to impact the cost of your insurance, too. In addition to speeding tickets and DUIs, other violations such as reckless driving and driving on a suspended license can also cause your car insurance costs to increase.
We’ve compiled a list of various other driving violations and how we helped Tesla 3 drivers with these violations save on their car insurance.
|
Violation
|
Car
|
Insurance Company
|
Premium (monthly)
|
Customer
|
Insurance coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|
| Other Minor | Tesla Model X | Dairyland | $218 | Andrew, 30, Chino Hills, CA | State Minimum | No |
| Failure to Obey Signal | Tesla Model X | Bristol West | $648 | Rodney, 50, Fort Lee, NJ | 25/50 | No |
| Ticket Violation Not Listed | Tesla Model X | Bristol West | $104 | Andrew, 39, Irvine, CA | State Minimum | No |
| Other Major | Tesla Model X | Bristol West | $2,606 | Maude, 35, Lathrop, CA | State Minimum | Yes |
| Following too Closely | Tesla Model X | AAA | $189 | Eugenia, 28, Stow, OH | 100/300 | Yes |
How can I lower the cost of insurance for my car?
There are a variety of ways to lower insurance costs for your vehicle.
- Shop around: Shopping around for insurance coverage by comparing quotes from different insurance providers allows you to find the best coverage at the best price. Jerry makes this process easy by gathering quotes from over 55 top insurance companies in minutes, so you can compare prices. If you find a better deal, Jerry can even help you buy your new policy and cancel your old one.
- Raise your deductible: Your car insurance deductible is the amount of money you pay out of pocket before your collision or comprehensive coverage kicks in. Raising your deductible reduces monthly insurance payments—but avoid raising it higher than you can afford to pay.
- Reduce your coverage: If you have any older cars, you can reduce coverage on them to lower your bill. This is a good idea if your car is worth less than 10 times the premium you’re paying.
- Research discounts: All insurance companies offer discounts, but they’re not always advertised, and your eligibility may vary from provider to provider. Check with your current insurer to see what discounts you might be missing out on.
- Bundle your insurance policies: Bundling your homeowners and auto insurance with the same company can amount to a lower overall bill.
FAQ
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Are Tesla Model 3s expensive to insure?
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Why is Tesla insurance so high?
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How much is Car Insurance for a Tesla Model 3?
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What factors affect the insurance cost for a Tesla Model 3 per month?
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Is it cheaper to drive a Tesla?
Maria is an insurance writer with over 10 years of experience as a professional writer. Prior to joining Jerry’s editorial team in 2023, she worked at various online publications like Nimble Media, Factinate.com, and served as editor-in-chief at The Medium. She holds a double major in English and Professional Writing and Communications.
Kianna Walpole is an insurance writer and editor with a comprehensive background in consumer behavior and online publishing. With experience in car insurance, maintenance, and repair, she is dedicated to building informative content that helps customers reduce costs while achieving the best service. Prior to joining the Jerry editorial team, Kianna worked as a junior editor in the content marketing industry, using consumer data and key insights to create and edit content for an array of large-scale clients in the real estate, cybersecurity, and healthcare industries.
As Vice President of Insurance Operations at Jerry, Josh Damico leads teams across product development, operations and carrier relations, integrating Jerry’s smart and fast car insurance customer experience with that of traditional carriers to help customers find savings and coverage. Josh’s nearly 20 years of insurance-industry experience and knowledge generate partnerships with more than 55 name-brand and specialty insurance partners that enable Jerry to serve customers with all types of vehicle and policy needs.
Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities. In his most recent role as director of sales, servicing, and underwriting, Josh developed and executed profit and growth strategy for the New England states and New Jersey.
Josh holds a bachelor’s degree in business administration and management from Medaille College.
