Compare Tesla Model 3 Insurance Cost for 2022: Buy/Renew

Hey Sunshine,

Looking for Tesla Model 3 Insurance cost? Compare and get car insurance quotes online on Tesla cars. We’ll help you get car insurance online for all Tesla Model 3 and guide you on which options are best available.

Our comparison of several car insurance quotes will let you decide the best way to insure you are getting your best insurance for tesla model 3. Learn what factors affect your spending decision while paying for car insurance, look at Tesla car prices, zip codes affecting its cost, discounts, credit score required, safety ratings, etc.

Compare car insurance companies rates, banks auto loans, joint auto loans available, and how can you save money on car insurance. Our Step-by-step guide on how to get cheaper car insurance for Tesla will help you get a lower insurance policy up to $139 per month. You can also compare auto insurance quotes side by side.

Mount Shine’s comparison of Tesla model 3 insurance costs will help you save money on your next auto insurance policy and in the best financial decision making.

What Is the Cost of Tesla Model 3 Insurance and Which Option Is Best?

The average insurance cost for Tesla Model 3 is $1,662 per year or around $139 per month depending on the features of the car. The cheapest car insurance for Tesla model 3 is on the standard Range 2WD at around $1,550 per year and the most expensive Tesla is the Performance AWD at $1,798 per year. The insurance for Tesla model 3 price is higher as compared to other midsize cars that can cost up to $88.

Tesla being the most demanded electric vehicle in the market and dominates this segment. There are competitors like Rivian, General Motors, Ford Motors, Polestar, etc. who have entered the EV market but still what Tesla is doing, it’s hard to compete as of now. 

Owing a Tesla electric vehicle is not easy because of the MSRP where the lowest-priced vehicle costs $40,000 for the base model. Now the Tesla insurance cost and repair maintenance cost is an add-on to your expenses. Despite receiving the 5-star safety ratings by IIHS, the tesla electric vehicle can be expensive to insure. So to give you an idea of what to expect, which tesla car is best suitable to you, compare the tesla car insurance, check rates for full-coverage auto insurance on the lowest-priced Tesla, i.e. Model 3. Get all the information about tesla car prices and then decide.

How Much Does A Tesla Model 3 Insurance Costs To Insure?

The average insurance cost for Tesla Model 3 is $1,662 per year or around $139 per month depending on the features of the car. Tesla Model 3 is nearly 7.2% higher than the national average cost of car insurance. There are other factors too involved in deciding the tesla car insurance like your driving history, location, state, insurance company or broker, etc. Car insurance for tesla model 3 can be more than $1,000 a year when compared to the five largest auto insurance companies in the U.S.

From the table below, compare the average car insurance cost on a 2022 Tesla Model 3 using different policy scenarios and driver ages.

Tesla Model 3 Insurance Cost Summary

Driver Risk ProfileAnnual RateMonthly Rate
High Risk Driver Age 30$3,746$312
Safe Driver Age 20$3,284$274
At-fault Accidents Age 40$2,324$194
Low Deductibles Age 40$2,190$183
Safe Driver Age 30$1,758$147
Safe Driver Age 40$1,662$139
Safe Driver Age 50$1,510$126
Safe Driver Age 60$1,482$124
High Deductibles Age 40$1,388$116
Discount Rate Age 40$1,380$115

What Is The Cheapest Tesla Model 3 Insurance Cost?

The cheapest car insurance for Tesla model 3 is on the standard Range 2WD at around $1,550 per year and the most expensive Tesla is the Performance AWD at $1,798 per year.

From the table below, compare the average 2022 Tesla Model 3 Insurance Cost by Trim Level on an annual, 6-months, and monthly basis.

2022 Tesla Model 3 Insurance Cost by Trim Level

Tesla Model 3 Trim LevelAnnual Policy6-month PolicyPer Month
Standard Range 2WD$1,550$775$129
Long Range AWD$1,636$818$136
Performance AWD$1,798$899$150

How Much Does The Average Tesla Model 3 Insurance Cost By State?

Compare Tesla Model 3 insurance cost by state and see the cheapest insurance rates you can find ranging from $2,664, Michigan to $972, Ohio per year. By looking at the cheapest rates for tesla insurance you can shop around to save money.

Tesla Model 3 Insurance Cost by U.S. State

U.S. StateAnnual Cost6-month CostMonthly Cost
Alabama$1,362$681$114
Alaska$1,466$733$122
Arizona$1,490$745$124
Arkansas$1,790$895$149
California$1,914$957$160
Colorado$1,784$892$149
Connecticut$1,620$810$135
Delaware$1,700$850$142
Florida$2,444$1,222$204
Georgia$1,616$808$135
Hawaii$1,134$567$95
Idaho$1,320$660$110
Illinois$1,350$675$113
Indiana$1,248$624$104
Iowa$1,210$605$101
Kansas$1,682$841$140
Kentucky$1,946$973$162
Louisiana$2,422$1,211$202
Maine$1,154$577$96
Maryland$1,510$755$126
Massachusetts$1,368$684$114
Michigan$2,664$1,332$222
Minnesota$1,468$734$122
Mississippi$1,580$790$132
Missouri$1,772$886$148
Montana$1,628$814$136
Nebraska$1,596$798$133
Nevada$1,836$918$153
New Hampshire$1,008$504$84
New Jersey$1,580$790$132
New Mexico$1,338$669$112
New York$1,780$890$148
North Carolina$1,062$531$89
North Dakota$1,390$695$116
Ohio$972$486$81
Oklahoma$1,624$812$135
Oregon$1,402$701$117
Pennsylvania$1,406$703$117
Rhode Island$1,970$985$164
South Carolina$1,540$770$128
South Dakota$1,514$757$126
Tennessee$1,324$662$110
Texas$1,576$788$131
Utah$1,382$691$115
Vermont$1,110$555$93
Virginia$1,078$539$90
Washington$1,270$635$106
West Virginia$1,504$752$125
Wisconsin$1,134$567$95
Wyoming$1,534$767$128

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Compare Car Insurance Rates Of Tesla Model 3 By Year

If you are planning to buy a Tesla car or insurance on tesla model 3, compare the average insurance rates for every trim level for the 2017 to 2021 model year. For the 2022 Tesla Model 3, insurance rates have already been detailed in the above article.

How Much Is Insurance On A 2021 Tesla Model 3?

For a 2021 Tesla Model 3 Insurance cost is around $1,662 per year or $139 per month. Rates range from $1,510 per year for the Model 3 Standard Range AWD to $1,828 for the Model 3 Performance AWD.

2021 Tesla Model 3 Insurance Cost by Trim Level

2021 Tesla Model 3 Trim LevelAnnual RatePer Month
Standard Range AWD$1,510$126
Long Range AWD$1,644$137
Performance AWD$1,828$152

How Much Is Insurance On A 2020 Tesla Model 3?

For a 2020 Tesla Model 3 Insurance cost is around $1,628 per year or $136 per month. Rates range from $1,480 per year for the Model 3 Standard Range AWD to $1,792 for the Model 3 Performance AWD.

2020 Tesla Model 3 Insurance Cost by Trim Level

2020 Tesla Model 3 Trim LevelAnnual RatePer Month
Standard Range AWD$1,480$123
Long Range AWD$1,610$134
Performance AWD$1,792$149

How Much Is Insurance On A 2019 Tesla Model 3?

For a 2019 Tesla Model 3 Insurance cost is around $1,498 per year or $125 per month. Rates range from $1,424 per year for the Model 3 Standard Range AWD to $1,552 for the Model 3 Long Range AWD.

2019 Tesla Model 3 Insurance Cost by Trim Level

2019 Tesla Model 3 Trim LevelAnnual RatePer Month
Standard Range AWD$1,424$119
Performance AWD$1,520$127
Long Range AWD$1,552$129

How Much Is Insurance On A 2018 Tesla Model 3?

For a 2018 Tesla Model 3 Insurance cost is around $1,536 per year or $128 per month. Rates range from $1,436 per year for the Model 3 Sedan to $1,694 for the Model 3 Performance AWD.

2018 Tesla Model 3 Insurance Cost by Trim Level

2018 Tesla Model 3 Trim LevelAnnual RatePer Month
Sedan$1,436$120
AWD$1,478$123
Performance AWD$1,694$141

How Much Is Insurance On A 2017 Tesla Model 3?

For a 2017 Tesla Model 3 Insurance cost is around $1,316 per year or $110 per month.

2017 Tesla Model 3 Insurance Cost by Trim Level

2017 Tesla Model 3 Trim LevelAnnual RatePer Month
Sedan$1,316$110

Tesla Insurance Intends To Reduce The Cost Of Insurance For Drivers

Tesla has begun providing insurance to consumers in Arizona, Illinois, and Ohio, in addition to Texas and California, as of February 2022. Except in California, where rates are mostly determined by its proprietary “Safety Score,” speeding tickets and other offenses are rarely considered.

Tesla Insurance Services, a new firm founded by Tesla, began selling its own insurance coverage in August of 2019. In five states, Tesla’s own insurance coverage is available solely to Tesla owners:

  • Arizona
  • California*
  • Illinois
  • Ohio
  • Texas

Note: Tesla insurance in California doesn’t offer the same unique features as those available in other states of the U.S.

How Much Does A Tesla Car Costs?

The higher the price of a car, the more it costs to insure. If in case you met with an accident or need any kind of repair in a Tesla car, your collision insurance is going to pay unless it was other party’s fault. In case your Tesla car is stolen, the insurance company will charge you more for that coverage as it will cost a much higher price to the company that to replace it.

So how much is Tesla Car?

When compared to other electric vehicles or other luxury cars in the market, Tesla cars are expensive. For example:

  • Tesla Model 3. The cheapest Tesla starts at about MSPR of $40,000 for its basic trim, Standard Range Plus. Upgrade to the Long Range Model 3 for about $49,000 or to the Performance Model 3 for just under $57,000.
  • Tesla Model Y. This car costs about MSPR of $52,000 for its base trim.
  • Tesla Model S. The Model S jumps up in price with a starting cost of nearly MSPR of $80,000 before add-ons and upgrades.
  • Tesla Model X. This car’s base price starts at nearly MSPR of $90,000, with upgrades costing tens of thousands.

How To Apply For Tesla Car Insurance in 2022?

Let Mount Shine help you, we have a wide network of best insurance companies across 50 states of the United States that guide you to the best offers, payment options, auto insurance deals, etc. Check yourself for Tesla Model 3 insurance costs and then buy or renew.

Get free Tesla Model 3 Insurance quotes, buy/renew, save money on car insurance by contacting us. Hurry EMI starts as low as $139 per month in 2022! Our service is free, fast, and simple, so get started today!

Compare Tesla Car Insurance For Other Models

Compare Tesla car insurance for all models and analyze yourself is a Tesla car model expensive or cheaper to insure. Get the in-depth details for each Tesla model ranging from Tesla Model S, X, and Y along with the age of the driver, deductibles, crash test results, safety features, etc.

Tesla Model S

Tesla Model X

Tesla Model Y

FAQs

Q1. Is tesla insurance cheaper?

Q2. Is tesla insurance expensive for used cars?

Q3. What is the cost of tesla insurance in new york?

Q4. What is the cost of Tesla insurance in Illinois?

Q5. How much does tesla model 3 car insurance cost in California?

Q6. Which is the best insurance for tesla model 3?

Q7. How much is tesla insurance a month?

Q8. How much is the average insurance cost for tesla model 3?

Q9. Where is tesla insurance available in the United States?

Q10. What all documents do I need to get my Tesla Model 3 car insurance renewed?

Q11. From where can I purchase insurance for my Tesla Model 3 car?

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