Tesla Model 3 Insurance Cost
The Tesla Model 3 is a electric sedan with an average insurance cost of $2,580/yr. It carries a 5/5 NHTSA safety rating and low theft risk. See how costs break down by year below.
Quote My Model 3$2,580/yr
Avg. Annual Insurance
5/5 NHTSA
Safety Rating
Low
Theft Risk
Electric Sedan
Body Type
Insurance Cost by Year — Tesla Model 3
About Tesla Model 3 Insurance
The Tesla Model 3 is a popular electric sedan that averages $2,580/yr in annual insurance premiums. This places it above the national average of approximately $1,770 per year.
With a 5/5 NHTSA safety rating, the Model 3 is considered a very safe vehicle by insurers. Strong safety ratings can qualify you for discounts with many carriers. The low theft risk also helps keep comprehensive coverage affordable.
Insurance costs vary by model year — newer Model 3s (2026-2025) cost about 5-10% more due to higher replacement values, while older models (2020-2021) can be 10-15% cheaper as they depreciate.
Frequently Asked Questions
How much does Tesla Model 3 insurance cost?
The average insurance cost for a Tesla Model 3 is $2,580/yr. Actual rates vary based on your model year, driving record, location, and coverage levels. Newer model years cost 5-10% more while older years can be 5-15% cheaper.
Is the Tesla Model 3 expensive to insure?
Compared to the national average of about $1,770/yr, the Tesla Model 3 at $2,580/yr is above average in insurance cost. As a electric sedan, it falls within the typical range for its class.
What is the Tesla Model 3's safety rating?
The Tesla Model 3 has a 5/5 NHTSA safety rating. Strong safety ratings can help lower your insurance premiums, as vehicles with better crash protection result in fewer and less severe injury claims.
Is the Tesla Model 3 a theft target?
The Tesla Model 3 has a low theft risk rating. Low theft risk helps keep your comprehensive coverage affordable.
How can I get cheap Tesla Model 3 insurance?
Compare quotes from multiple carriers (Truvo compares 40+ for free), consider a higher deductible, maintain a clean driving record, bundle auto and home insurance, and ask about discounts for safety features, good student status, or low mileage.
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