Tesla Model 3 Car Insurance Quotes (2025)
It costs $441 per month to insure a Tesla Model 3 with full coverage.
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Drivers pay an average of $338 per month to insure a Tesla Model 3, but your rate will depend on a variety of factors, like your location, age, and driving record. The Tesla Model 3 is a very popular model due to it having the lowest starting price of any new Tesla electric car on the market ($44,130).1
Here’s what you should know about finding car insurance for your Tesla Model 3.
Cost of Tesla Model 3 insurance by model year
The average cost of a car insurance policy for a 2025 Tesla Model 3 is $338 per month, much higher than the national average. But the car’s model year can greatly affect how much you spend on premiums.
The newer a car is, the more expensive it is to insure. For example, the 2025 Model 3 is 22% more expensive to insure than the 2019 model. The table below shows how your rates may vary based on the year of your Model 3.
The 2025 Tesla Model 3 has an MSRP of $44,130 but can go up to $54,990 depending on the trim level. The 2025 model has few changes compared to the 2024 model, but it does have a slightly better battery range.2
USAA is the cheapest insurer for the 2025 Model 3, and The General is the most expensive insurer. The General’s rates are more than twice as expensive as USAA’s. The table below shows full-coverage rates for the 2025 Model 3 from several different insurance companies.
The 2024 Tesla Model 3 comes at a slightly cheaper MSRP of $40,380. This edition comes with big styling updates, new touchscreens, and more sound insulation compared to older models.3
The 2024 edition has similar premiums to the 2025 model, according to Insurify data, so it may be worth investing in an older car to save on the price.
USAA is the cheapest insurance company for the Tesla Model 3, followed by GEICO, with a difference of $34 per month between the two. The table below shows how much full-coverage insurance costs for a 2024 Tesla Model 3.
If you’re planning to buy a 2023 Tesla Model 3, you can expect an MSRP of $40,240.
USAA, State Farm, and GEICO have the cheapest insurance for the 2023 Model 3. This table can give you an idea of what you might spend on car insurance with a handful of popular car insurance companies.
Despite having a higher MSRP ($48,490) than the 2023 model, the 2022 Tesla Model 3 has lower average monthly car insurance costs.
USAA has the cheapest rates for the 2022 Model 3, at $131 per month, while The General has the most expensive rates, at $333 per month — 154% more. See other quotes for the 2022 Model 3 in the table below.
The 2021 Tesla Model 3 came with an MSRP of $39,190, and drivers pay the following average monthly premiums to insure one.
USAA, State Farm, and GEICO are the cheapest insurance companies for the 2021 Model 3. They all have monthly average rates of $145 or less. See other car insurance quotes for this model year in the table below.
With a much lower starting price of $36,200, the 2020 Tesla Model 3 also comes with lower average insurance quotes.
USAA has the cheapest insurance rates for the 2020 Model 3, at $125 per month. The General has the most expensive rates, at $320 per month — an increase of 156%. See quotes from several different insurers for this model year in the table below.
The 2019 Tesla Model 3 had the exact same MSRP as the 2020 model, at $36,200, but comes with slightly lower auto insurance premiums.
USAA, State Farm, and GEICO are the cheapest insurers for the 2019 Model 3, all with monthly rates of less than $140. See other quotes for this model year in the table below.
Average cost of Tesla car insurance by state
Where you live can have a big effect on how much you pay for car insurance. Drivers in more populated areas tend to pay more than drivers in rural areas because of accident rates, theft rates, and generally more drivers on the road.
The map below shows how insurance rates fluctuate across all Tesla models based on what state you live in.
How to ensure you have enough coverage on your Tesla Model 3
Every state except New Hampshire requires drivers to carry liability coverage, but you’ll also likely want to insure your Tesla with some other common coverages. These are some options you should consider:4
Tesla Model 3 car insurance FAQs
If you want to learn even more about Tesla Model 3 insurance, check out the answers to these commonly asked questions below.
USAA offers the cheapest car insurance for the Tesla Model 3. For example, USAA charges an average monthly rate of $187 for the 2025 model, whereas The General charges $403 per month. It’s helpful to get quotes from a few different car insurance companies to find a better deal.
Yes. The Tesla Model 3 can be much more expensive to insure than other cars. The national average cost of insurance is $143 per month, and it typically costs $338 per month to insure a Tesla Model 3.
How much it costs to insure a Tesla Model 3 depends on the type of car insurance you choose. The average cost of a full-coverage insurance policy for a 2025 Tesla Model 3 is $441 per month. If you want to save on your policy, you can choose to go with a liability-only policy, which costs an average of $235 per month.
Insurers determine premiums for a Tesla Model 3 based on factors like your age, driving record, location, vehicle make, coverage level, and even credit history if your state allows it. Additionally, model year, safety features, annual mileage, and the local crime rate can affect your premium.
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