Tesla Model-3 Insurance Rates

Enter your zip code below to view companies that have cheap auto insurance rates.

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...

Insurance Lawyer

UPDATED:

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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 on the web can be fast and easy, plus you will probably save money. The most important part is to get rates from as many companies as possible in order to have all your choices.

If you're new to shopping for auto insurance online, you may be overwhelmed by the hoards of online auto insurance companies and websites competing for your business. To find the best auto insurance prices, there are several ways to compare rate quotes from auto insurance companies in your area. The fastest way to compare Tesla Model-3 insurance quotes is to get quotes online. This can be done by comparing rates here.

Insurance rates for your Tesla Model-3 can fluctuate considerably depending on several factors. Including but not limited to:

  • A clean driving record keeps rates low
  • Credit rating impacts rates
  • Where you live
  • High miles vs. low miles
  • Male drivers pay higher rates
  • Deductible amount directly impacts your rate
  • Crash test rating for your Model-3
  • Your profession
  • The amount of protection requested
  • Home ownership saves money

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 lower value so the payout to repair may result in lower rates. But new Model-3 models may have options including automatic crash notification, anti-lock brakes, and a backup camera which may lower rates.

Liability car insurance

damage or injury you incur to claims like pain and suffering, repair costs for stationary objects, and legal defense fees. .

Coverage for collisions

a stationary object or other vehicle. . , . .

Comprehensive (Other than Collision)

from a wide range of events other than collision. . your auto insurance company will pay , .

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage . , . .

Coverage for medical expenses

immediate expenses EMT expenses, pain medications, and nursing services. . .

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.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

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.

References

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

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption