Tesla Model-3 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Looking for cheap Tesla Model 3 insurance rates? Are you asking “Is insurance on a Tesla Model 3 expensive?” or “What is the best Tesla insurance for Tesla Model 3?” We’ve got you covered.

Tesla insurance costs $1,802 a year, or $150 a month. Learn what drivers can do to reduce insurance costs for a Tesla Model 3 in our comprehensive guide to cheap car insurance.

Want to start finding the best Tesla insurance rates today? Whether you are looking for Tesla Model 3 insurance in Massachusetts or Ohio, getting Tesla insurance quotes will help you save on Tesla insurance costs for a Model 3.

Enter your five-digit ZIP code into our FREE tool above to get started on finding mutiple Tesla insurance company quotes from different insurers and manage the cost to insure a Tesla Model 3.

Buying auto insurance through online companies is simple to do and at the same time you will probably save money. The critical component is to compare as many rate quotes as possible in order to accurately compare every possible rate.

Shopping online for auto insurance is challenging if you have never used online rate quotes. But don't let that discourage you because there is an easy way to compare rates. To find the best auto insurance prices, there are several ways to get quotes and find the best price. The simplest method to find the cheapest Tesla Model-3 insurance cost is to get quotes online. It is quite easy and can be accomplished by getting a quick quote here.

Insurance rates for a Tesla Model-3 will vary greatly subject to many criteria. Taken into consideration are:

  • More performance equals higher cost
  • Your accident history
  • Multiple policies can save money
  • Use of your vehicle
  • Young drivers cost more
  • Being married may save money
  • Special coverage such as replacement cost
  • Your profession
  • Insurance coverage level
  • Whether you rent or own your home

One last important factor that helps determine the rate you pay on your Tesla Model-3 is the year of manufacture. Older models have a reduced actual cash value so repair costs tend to be lower which can decrease annual premiums. Although more recent Model-3 vehicles may have options included like a rollover prevention system, a backup camera, a telematics system, and adaptive cruise control so those may help offset higher rates.

Coverage for liability

damages or injuries you inflict on things such as emergency aid, pain and suffering, and medical services. .

Coverage for collisions

an object or car. . , . .

Comprehensive coverages

that is not covered by collision coverage. . you can receive from a comprehensive claim , .

Protection from uninsured/underinsured drivers

This . , . .

Insurance for medical payments

expenses doctor visits, EMT expenses, and X-ray expenses. . .

Drivers can save about $250 on Model 3 auto insurance just by getting quotes. Ready to look for Tesla Model 3 insurance costs everywhere from California to Michigan?

Enter your ZIP code in our free tool below to find out how much insurance is on a Tesla Model 3. You can compare Tesla insurance prices from multiple companies near you.

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Read on to learn what else determines the price of car insurance.

What are the safety ratings of the Tesla Model 3?

Multiple safety features can mean cheaper insurance for a Tesla Model 3. The Tesla Model 3 has multiple airbags, stability control, lane departure warning, blind-spot monitoring, and more. These features can help reduce the risk of a crash.

The Insurance Insitute for Highway Safety (IIHS) also crash-tested the Tesla Model 3. See the breakdown below.

  • Small overlap front (driver-side): Good
  • Small overlap front (passenger-side): Good
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

Good is the highest rating possible, which is why the IIHS awarded the Tesla Model 3 a 2020 Top Safety Pick award. Watch the video below for an example of a crash test.


Great crash testings like the one above will reduce the insurance cost on a Tesla Model 3.

In the table below, you can explore the results of the Tesla Model 3 crash est ratings as performed by the National Highway Traffic Safety Administration.

Tesla Model 3 Crash Test Ratings
Vehicle TestedOverallFrontalSideRollover
2020 Tesla Model 3 4 DR RWD5 stars5 stars5 stars5 stars
2020 Tesla Model 3 4 DR AWD5 stars5 stars5 stars5 stars
2019 Tesla Model 3 4 DR RWD5 stars5 stars5 stars5 stars
2019 Tesla Model 3 4 DR AWD5 stars5 stars5 stars5 stars
2018 Tesla Model 3 4 DR RWD5 stars5 stars5 stars5 stars
2018 Tesla Model 3 4 DR AWDN/RN/R5 stars5 stars
2017 Tesla Model 3 DR RWDN/RN/RN/RN/R

A 5-star rating is the highest possible score given by the National Highway Traffic Safety Administration. As you can see from the data, no matter what model year you purchase, the Tesla Model 3 is a safe and reliable vehicle.

How are Tesla Model 3s compared against other vehicles in the same class?

The Tesla Model 3 is a midsize luxury car. Luxury cars can crash easier due to drivers’ tendency to speed, which can affect Tesla 3 insurance costs. The good news is that the IIHS considers the Tesla Model 3’s liability losses to be substantially better than other midsize luxury cars’ looses.

Check out more of the Tesla Model 3 insurance loss probability details in the table below.

Tesla Model 3 Insurance Loss Probability
Insurance Coverage CategoryLoss Rate
Collision Coverage26%
Property Damage-38%
Comprehensive Coverages1%
Personal Injury-56%
Medical Payment-50%
Bodily Injury-45%

The lower the percentage, the better the loss ratio. The Tesla Model 3 has a worse than average collision insurance loss ratio, but in every other category, this car is average or substantially better than average. The anti-theft devices and other maintenance costs push down the cost of coverage.

Take a look a the midsize luxury cars below to see how their rates compare to insurance on a Tesla Model 3.

You are now an expert at securing affordable Tesla Model 3 car insurance rates. But, before you buy Tesla Model 3 car insurance, compare rates from multiple car insurance companies to get the best deal.

Ready to start shopping for your Tesla 3 car insurance quotes? Just enter your five-digit ZIP code in our FREE online quote tool to find personalized driving car insurance rates from multiple insurance carriers for your Tesla Model 3.


  1. https://www.iihs.org/ratings/vehicle/tesla/model-3-4-door-sedan/2020

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