Does insurance cost a lot on a Tesla Model 3?

I'm looking to upgrade to an electric car. I'd like to get a Tesla, but want to budget for other costs. How much does insurance normally cost on a Model 3?

Answer
“The cost may vary, but you should expect to pay between $2,200 and $4,500 a year for Tesla Model 3 car insurance.
The high repair costs of Teslas are the foremost reason why they’re more expensive to ensure, as well as their classification as a luxury car by many car insurance companies. Most Tesla owners opt for full coverage car insurance, which can raise your rates even more, but offer more protection.
To find the best rate on a Model 3, you’ll want to shop around. Check car insurance quotes online or work with a quality company like Jerry and you should be able to discover a policy that saves you money.”
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Emily Maracle
Answered on Jul 28, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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