Tesla Model-3 Insurance Rates

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.

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 easy and at the same time you may find lower rates. The key is to get as many rate quotes as possible so you can get every company's rates.

People who are new to comparison shopping may think finding cheap Tesla Model-3 insurance is difficult. The are a couple different ways of comparing rates from local auto insurance companies. The easiest way by far to find competitive Tesla Model-3 insurance cost is to get quotes online. It is quite easy and can be accomplished by completing this short form.

Insurance premiums for a Tesla Model-3 can fluctuate considerably based upon several criteria. Taken into consideration are:

• Your driving record
• Credit rating impacts rates
• Male rates may be higher
• Low deductibles cost more
• Your vehicle's safety rating
• Your job
• Your coverage level
• Whether you rent or own your home

One important consideration that helps determine your rates is the age of the vehicle. Older models have a reduced actual cash value compared to new Model-3 models so repair costs tend to be lower which will push premiums down. On the flip side, newer vehicles have more advanced features like adaptive cruise control, autonomous braking, and lane departure warning system which may give discounted rates.

Coverage for liability

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

Auto collision coverage

an object or car. . , . .

Comprehensive coverage (or Other than Collision)

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

Uninsured or underinsured coverage

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.

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.

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.

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.

• Audi A3
• BMW M3
• Cadillac ATS

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.

References

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