Best Tesla Model 3 Auto Insurance in 2024 (Your Guide to the Top 10 Companies)
Discover the best Tesla Model 3 auto insurance with Nationwide, Amica, and Farmers leading the pack, offering rates as low as $22 per month. These providers excel in coverage options, customer satisfaction, and competitive pricing, ensuring top value and security for Tesla Model 3 owners.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Jimmy McMillan
Licensed Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent insurance brokerage. His company specializes in insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast Modern Li...
Licensed Insurance Agent
UPDATED: Oct 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our 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.
UPDATED: Oct 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our 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.
On This Page
3,019 reviewsCompany Facts
Full Coverage for Tesla Model 3
A.M. Best Rating
Complaint Level
Pros & Cons
3,019 reviews
768 reviewsCompany Facts
Full Coverage for Tesla Model 3
A.M. Best Rating
Complaint Level
Pros & Cons
768 reviews
2,903 reviewsCompany Facts
Full Coverage for Tesla Model 3
A.M. Best Rating
Complaint Level
Pros & Cons
2,903 reviews
The best Tesla Model 3 auto insurance providers are Nationwide, Amica, and Farmers, renowned for their exceptional coverage and customer service.
These companies stand out in the competitive market by offering comprehensive protection tailored specifically for Tesla Model 3 owners. Their policies are designed to accommodate the unique needs of electric vehicles, ensuring that drivers have peace of mind.
Our Top 10 Company Picks: Best Tesla Model 3 Auto Insurance
Company Rank Good Student Discount A.M. Best Best For Jump to Pros/Cons
#1 15% A+ Safe-Driving Discounts Nationwide
#2 18% A+ Customizable Policies Amica
#3 12% A First-Responder Discount Farmers
#4 10% A+ Safe Drivers Erie
#5 14% A Group Discounts Safeco
#6 17% A Safety Discounts Liberty Mutual
#7 16% A+ Family Plans Progressive
#8 13% A++ Cheap Rates USAA
#9 19% A Affordable Rates AAA
#10 11% A Senior Discounts American Family
With a focus on affordability and quality, these insurers provide the best options for securing your Tesla Model 3. Unlock details in our aticle titled “Cheap Tesla Auto Insurance.”
Start saving on your auto insurance by entering your ZIP code and comparing quotes.
- Nationwide is the top pick for Tesla Model 3 auto insurance
- Coverage includes unique protections for Tesla’s advanced tech features
- Policies tailored for the specific needs of Tesla Model 3 owners
Free Auto Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
#1 – Nationwide: Top Overall Pick
Pros
- Tailored Discounts for Tesla Model 3: Nationwide offers a 15% safe-driving discount specifically beneficial for Tesla Model 3 owners.
- High A.M. Best Rating: With an A+ rating, Nationwide assures strong financial health, important for Tesla Model 3 claims. You can learn more in our article titled Nationwide auto insurance review.
- Specialized Tesla Model 3 Coverage: Nationwide provides coverage options that cater to the unique features of Tesla Model 3.
Cons
- Selective Discounts: Some Tesla Model 3 owners may not qualify for all offered discounts, limiting their savings potential.
- Rate Variability: Nationwide’s premiums can vary significantly, potentially impacting Tesla Model 3 owners in different regions.
#2 – Amica: Best for Customizable Policies
Pros
- Customization for Tesla Model 3: Amica allows Tesla Model 3 owners to tailor their policies, enhancing coverage for specific needs.
- Strong Student Discount: Offers an 18% discount for good students, beneficial for young Tesla Model 3 drivers.
- A+ Financial Stability: Amica’s A+ A.M. Best rating ensures reliable claims service for Tesla Model 3 owners. See average monthly rates in our article titled Amica car insurance review.
Cons
- Higher Base Rates: Amica’s initial rates may be higher for Tesla Model 3 insurance, even with customization.
- Complex Policy Management: The extensive customization options may overwhelm some Tesla Model 3 owners.
#3 – Farmers: Best for First-Responder Discount
Pros
- First-Responder Benefits: Farmers provides a 12% discount for first responders, useful for Tesla Model 3 owners in these professions.
- Diverse Coverage Options: Offers a variety of coverage that can be particularly advantageous for Tesla Model 3’s advanced technology.
- A Rated Stability: Farmers holds an A rating from A.M. Best, indicating robust financial health for handling Tesla Model 3 claims. Take a look at our Farmers insurance company review to learn more.
Cons
- Premium Pricing: Despite discounts, Farmers’ premiums for Tesla Model 3 may still be higher compared to other insurers.
- Discount Availability: The specific first-responder discount might not apply to all Tesla Model 3 owners, limiting its broader appeal.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
#4 – Erie: Best for Safe Drivers
Pros
- Tailored Discounts for Safe Drivers: Erie rewards safe driving with a 10% discount, particularly advantageous for Tesla Model 3 owners.
- Coverage Options for Tesla Model 3: Erie offers various coverage options that address the specific needs of Tesla Model 3 vehicles.
- High Financial Rating: With an A+ A.M. Best rating, Erie ensures financial reliability for Tesla Model 3 insurance claims. Read our comprehensive Erie review to see if this auto insurance provider is right for you.
Cons
- Limited Geographic Availability: Erie’s services are not available nationwide, which could be a disadvantage for some Tesla Model 3 owners.
- Restrictive Eligibility for Discounts: The safe driver discount requires strict qualifications which may not be achievable by all Tesla Model 3 owners.
#5 – Safeco: Best for Group Discounts
Pros
- Group Discounts for Tesla Model 3: Safeco offers a 14% group discount, ideal for Tesla Model 3 owners in qualifying groups.
- Varied Coverage Enhancements: Provides numerous options for enhancing coverage, tailored to the Tesla Model 3’s technology and safety features.
- A Rated by A.M. Best: Ensures dependable financial capacity for managing Tesla Model 3 insurance claims. Compare Safeco’s rates to other providers in our guide titled Safeco auto insurance review.
Cons
- Higher Premiums for Individuals: Without qualifying for group discounts, individual Tesla Model 3 owners might face higher premiums.
- Complex Policy Features: The breadth of coverage options can be overwhelming and may lead to confusion among Tesla Model 3 owners about the best choices.
#6 – Liberty Mutual: Best for Safety Discounts
Pros
- Safety Discounts for Tesla Model 3: Offers up to 17% off for Tesla Model 3 owners who qualify based on safety features.
- Customizable Coverage: Liberty Mutual allows extensive customization of policies to fit the specific needs of Tesla Model 3 owners.
- Strong Financial Health: An A rating from A.M. Best indicates a solid ability to handle claims from Tesla Model 3 owners. To see monthly premiums and honest rankings, read our article titled Liberty Mutual review.
Cons
- Costly Premiums without Discounts: Tesla Model 3 owners may face higher premiums if they don’t qualify for safety discounts.
- Variable Discount Qualification: Not all safety features on the Tesla Model 3 may qualify for discounts, potentially limiting savings.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
#7 – Progressive: Best for Family Plans
Pros
- Family Plan Advantages for Tesla Model 3: Progressive offers significant savings through family plans, which can benefit households with multiple Tesla Model 3 vehicles.
- Extensive Coverage Options: Progressive provides a wide range of options that cater to the specific requirements of Tesla Model 3 owners.
- High A.M. Best Rating: With an A+ rating, Progressive ensures strong financial stability for Tesla Model 3 insurance claims. Our complete Progressive review goes over this in more detail.
Cons
- Higher Rates for Single Policyholders: Single Tesla Model 3 owners might find Progressive’s rates less competitive without family plan discounts.
- Complex Discount Structures: Navigating the various discounts for Tesla Model 3 insurance can be complex and time-consuming.
#8 – USAA: Best for Cheap Rates
Pros
- Competitive Rates for Tesla Model 3: USAA is known for offering some of the most affordable rates for Tesla Model 3 insurance, ideal for budget-conscious owners.
- Military and Family Benefits: Provides additional benefits and discounts for military members and their families who own a Tesla Model 3.
- Top-tier Financial Rating: The A++ rating from A.M. Best assures excellent financial reliability for handling Tesla Model 3 claims. See how USAA’s rates compare to other insurance providers in our USAA auto insurance review.
Cons
- Limited Eligibility: USAA’s services are only available to military members, veterans, and their families, restricting access for many Tesla Model 3 owners.
- Fewer Customization Options: Compared to other insurers, USAA offers fewer customization options for Tesla Model 3 policies.
#9 – AAA: Best for Affordable Rates
Pros
- Competitive Pricing for Tesla Model 3: AAA offers competitive rates, particularly noted for affordability in Tesla Model 3 insurance. Learn more about AAA roadside assistance in our review of AAA insurance.
- Extensive Membership Benefits: Beyond insurance, AAA membership provides numerous benefits that can be advantageous for Tesla Model 3 owners.
- Strong Financial Standing: An A rating from A.M. Best ensures AAA’s capability in managing Tesla Model 3 insurance claims efficiently.
Cons
- Membership Requirement: To access Tesla Model 3 insurance rates, owners must be AAA members, which involves an additional cost.
- Variable Service Quality: The quality of service can vary significantly based on regional AAA clubs, potentially affecting Tesla Model 3 owners.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
#10 – American Family: Best for Senior Discounts
Pros
- Senior Discounts for Tesla Model 3 Owners: Offers discounts that can significantly benefit senior Tesla Model 3 owners. Read our online American Family review to find out more about the company.
- Custom Policy Adjustments: American Family allows for policy adjustments that are particularly suited to the needs of older Tesla Model 3 drivers.
- Solid Financial Reliability: Holds an A rating from A.M. Best, ensuring dependable claim processing for Tesla Model 3 insurance.
Cons
- Limited Discount Availability: The senior discount is restricted to older Tesla Model 3 owners, which may not apply to younger drivers.
- Higher Rates Without Discounts: Without qualifying for senior discounts, premiums can be higher for other Tesla Model 3 owners.
Tesla Model 3 Auto Insurance Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| AAA | $46 | $86 |
| American Family | $44 | $117 |
| Amica Mutual | $46 | $151 |
| Erie | $22 | $58 |
| Farmers | $53 | $139 |
| Liberty Mutual | $68 | $174 |
| Nationwide | $44 | $115 |
| Progressive | $39 | $105 |
| Safeco | $27 | $71 |
| USAA | $22 | $59 |
The table of monthly rates reveals significant variation in pricing between minimum and full coverage for the Tesla Model 3. For instance, Erie and USAA offer the most economical options, both for minimum coverage at $22 and full coverage at $58 and $59 respectively. Dive into our in-depth “State Farm vs. USAA Auto Insurance” to find the best policy for your needs.
In contrast, Liberty Mutual presents the highest rates, with minimum coverage at $68 and full coverage soaring to $174. This spectrum highlights the range of costs Tesla Model 3 owners might encounter when choosing an insurance provider, underscoring the importance of comparing rates to find the best coverage fit.
Notably, providers like Amica Mutual and Farmers also show a wider gap between their minimum and full coverage rates, indicating a significant increase in premium for comprehensive protection.
Tesla Model 3 Insurance Cost
The cost of insuring a Tesla Model 3 averages about $150 per month. This figure reflects the typical monthly premium that owners can expect to pay for auto insurance coverage, highlighting the specific financial commitment required to protect this model of electric vehicle.
Tesla Model 3 Auto Insurance Monthly Rates by Coverage Type
| Category | Rates |
|---|---|
| Average Rate | $150 |
| Discount Rate | $88 |
| High Deductibles | $129 |
| High Risk Driver | $320 |
| Low Deductibles | $189 |
| Teen Driver | $549 |
Overall, the monthly insurance rate for a Tesla Model 3 stands at $150, with variations depending on factors such as deductible amounts and driver risk profiles. Discover insights in our article titled “Auto Insurance Deductibles.”
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Are Tesla Model 3s Expensive to Insure
The chart below details how Tesla Model 3 insurance rates compare to other electric luxury sedans like the Tesla Model S.
Tesla Model 3 Auto Insurance Monthly Rates vs. Similar Vehicles by Coverage Type
| Vehicle | Comprehensive | Collision | Minimum Coverage | Full Coverage |
|---|---|---|---|---|
| Tesla Model 3 | $37 | $76 | $26 | $150 |
| Tesla Model S | $49 | $99 | $26 | $185 |
However, there are a few things you can do to find the cheapest Tesla insurance rates online.
Read More: Best Tesla Model S Auto Insurance
What Impacts the Cost of Tesla Model 3 Insurance
The specific trim and model of your Tesla Model 3 play significant roles in determining the overall cost of your auto insurance coverage. Each variant of the Model 3 may feature different levels of performance, safety features, and technology, which insurers consider when setting premiums. Delve into our evaluation of our article titled “Understanding Auto Insurance Premiums.”
As such, choosing a higher-end model or trim with more advanced features could result in higher insurance costs.
Age of the Vehicle
Older Tesla Model 3 models generally cost less to insure. For example, auto insurance for a 2020 Tesla Model 3 costs $150 per month, while 2018 Tesla Model 3 insurance costs are $145 per month, a difference of $5.
Tesla Model 3 Auto Insurance Monthly Rates by Age of the Vehicle
| Vehicle | Comprehensive | Collision | Minimum Coverage | Full Coverage |
|---|---|---|---|---|
| 2024 Tesla Model 3 | $38 | $77 | $27 | $152 |
| 2023 Tesla Model 3 | $38 | $76 | $27 | $151 |
| 2022 Tesla Model 3 | $38 | $76 | $26 | $151 |
| 2021 Tesla Model 3 | $37 | $76 | $26 | $151 |
| 2020 Tesla Model 3 | $37 | $76 | $26 | $150 |
| 2019 Tesla Model 3 | $35 | $73 | $28 | $147 |
| 2018 Tesla Model 3 | $34 | $72 | $28 | $145 |
As demonstrated, the age of a Tesla Model 3 significantly impacts insurance costs, with older models typically being cheaper to insure than newer ones.
Driver Age
Driver age can have a significant effect on Tesla Model 3 auto insurance rates. For example, 20-year-old drivers pay about $184 more per month for their Tesla Model 3 auto insurance than 30-year-old drivers.
Tesla Model 3 Auto Insurance Monthly Rates by Age
| Age | Rates |
|---|---|
| Age: 16 | $720 |
| Age: 18 | $549 |
| Age: 20 | $340 |
| Age: 30 | $157 |
| Age: 40 | $150 |
| Age: 45 | $145 |
| Age: 50 | $137 |
| Age: 60 | $134 |
The age of the driver is a crucial factor in determining Tesla Model 3 insurance rates, with younger drivers typically facing significantly higher premiums.
Driver Location
Where you live can have a large impact on Tesla Model 3 insurance rates. For example, drivers in Jacksonville may pay approximately $90 a month more than drivers in Indianapolis.
Tesla Model 3 Auto Insurance Monthly Rates by City
| City | Rates |
|---|---|
| Los Angeles, CA | $252 |
| New York, NY | $237 |
| Houston, TX | $235 |
| Jacksonville, FL | $218 |
| Philadelphia, PA | $179 |
| Chicago, IL | $198 |
| Phoenix, AZ | $174 |
| Seattle, WA | $146 |
| Indianapolis, IN | $128 |
| Columbus, OH | $125 |
Thus, your location significantly influences Tesla Model 3 insurance rates, with premiums varying dramatically between cities. Discover more about offerings in our article titled “Do auto insurance companies check where you live?”
Your Driving Record
Your driving record can have an impact on the cost of Tesla Model 3 auto insurance. Teens and drivers in their 20’s see the highest jump in their Tesla Model 3 auto insurance with violations on their driving record.
Tesla Model 3 Auto Insurance Monthly Rates by Age & Driving History
| Age | Clean Record | One Accident | One DUI | One Ticket |
|---|---|---|---|---|
| Age: 16 | $720 | $900 | $1,200 | $800 |
| Age: 18 | $549 | $730 | $1,030 | $610 |
| Age: 20 | $340 | $450 | $710 | $420 |
| Age: 30 | $157 | $220 | $380 | $190 |
| Age: 40 | $150 | $210 | $360 | $180 |
| Age: 45 | $145 | $200 | $350 | $175 |
| Age: 50 | $137 | $190 | $330 | $165 |
| Age: 60 | $134 | $185 | $320 | $160 |
Ultimately, your driving record significantly influences Tesla Model 3 insurance costs, with younger drivers and those with violations or accidents facing notably higher premiums.
Tesla Model 3 Safety Ratings
Your Tesla Model 3 auto insurance rates are tied to the safety ratings of the Tesla Model 3. See the breakdown below:
Tesla Model 3 Safety Ratings
| Type | Rating |
|---|---|
| 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 |
Thus, the excellent safety ratings of the Tesla Model 3 can favorably influence your auto insurance rates, reflecting its high level of protection. Access comprehensive insights into our article titled “Factors That Affect Auto Insurance Rates.”
Tesla Model 3 Crash Test Ratings
Good Tesla Model 3 crash test ratings mean the VW is safer, which could mean cheaper Tesla Model 3 auto insurance rates.
Tesla Model 3 Crash Test Ratings
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2024 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2024 Tesla Model 3 4 DR AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2023 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2023 Tesla Model 3 4 DR AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2022 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2022 Tesla Model 3 4 DR AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2021 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2021 Tesla Model 3 4 DR AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2020 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2020 Tesla Model 3 4 DR AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2019 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2019 Tesla Model 3 4 DR AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2018 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2018 Tesla Model 3 4 DR AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2017 Tesla Model 3 4 DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
Consistently high crash test ratings across various models of the Tesla Model 3 suggest potential savings on auto insurance due to the vehicle’s proven safety record.
Tesla Model 3 Safety Features
Having a variety of safety features on your Tesla Model 3 can help lower your Tesla Model 3 insurance costs. The Tesla Model 3’s safety features include:
- Air Bags
- 4-Wheel ABS and Disc Brakes
- Brake Assist
- Stability Control and Daytime Running Lights
- Blind Spot Monitor, and More
The comprehensive suite of safety features in the Tesla Model 3 not only enhances protection but can also significantly reduce insurance premiums.
Tesla Model 3 Finance and Insurance Cost
When financing a Tesla Model 3, lenders typically mandate more comprehensive insurance coverage to protect their investment. This includes options like collision and comprehensive coverage, which cover a range of potential damages beyond standard liability. Check out insurance savings in our complete “Collision vs. Comprehensive Auto Insurance.”
As these requirements can significantly affect your insurance premiums, it’s crucial to compare rates from top insurers. Utilize available tools to ensure you get the best deal on auto insurance for your financed Tesla Model 3, aligning both cost and coverage needs effectively.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
5 Ways to Save on Tesla Model 3 Insurance
There are many ways that you can save on Tesla Model 3 auto insurance. Below are five actions you can take to find cheap Tesla Model 3 auto insurance rates.
- Move to the countryside.
- Talk to your credit card company to save on rental car costs.
- Don’t always pick the cheapest Tesla Model 3 insurance policy.
- Wait six years for accidents to disappear from your record.
- Buy a dashcam for your Tesla Model 3.
To effectively reduce your Tesla Model 3 auto insurance costs, consider implementing practical strategies such as relocating to less urban areas or investing in a dashcam. While seeking out the cheapest policy is tempting, ensuring that your coverage meets your needs is crucial for long-term savings and security. Learn more in our guide titled “What are the benefits of a dashcam?”
Top Tesla Model 3 Insurance Companies
Who is the best auto insurance company for Tesla Model 3 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Tesla Model 3 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Tesla Model 3 offers.
Tesla Model 3 Auto Insurance Providers by Market Share
| Rank | Insurance Company | Premiums Written | Market Share |
|---|---|---|---|
| #1 | State Farm | $66,153,063 | 9.1% |
| #2 | Geico | $46,358,896 | 6.4% |
| #3 | Progressive | $41,737,283 | 5.7% |
| #4 | Allstate | $39,210,020 | 5.4% |
| #5 | Liberty Mutual | $36,172,570 | 5% |
| #6 | Travelers | $28,786,741 | 4% |
| #7 | USAA | $24,621,246 | 3.4% |
| #8 | Chubb | $24,199,582 | 3.3% |
| #9 | Farmers | $20,083,339 | 2.8% |
| #10 | Nationwide | $18,499,967 | 2.5% |
Selecting the best auto insurance provider for your Tesla Model 3 involves considering factors such as market share and the specific discounts offered for safety and security features.
With companies like State Farm, Geico, and Progressive leading in market share, they represent reliable options that balance extensive coverage with competitive rates for Tesla Model 3 owners. See more details on our article titled “Geico vs. State Farm Auto Insurance.”
Compare Free Tesla Model 3 Insurance Quotes Online
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Frequently Asked Questions
Is auto insurance for a Tesla Model 3 more expensive than for other vehicles?
Auto insurance for a Tesla Model 3 is more expensive because of its advanced technology, high repair costs, and the higher expense of replacing electric vehicle components like batteries. The insurance rates can also depend on various factors like the driver’s age, location, driving history, and coverage options (Read More: Best Tesla Model X Auto Insurance).
What are some specific features that affect Tesla Model 3 insurance rates?
Tesla Model 3 insurance rates are influenced by several features. Its advanced Autopilot system, high safety ratings from robust safety features, and effective theft prevention measures like GPS tracking all affect premiums, typically reducing costs.
Are there any insurance discounts available for Tesla Model 3 owners?
Tesla Model 3 owners may qualify for several insurance discounts. Advanced safety features can lower premiums, while its eco-friendly status may attract a green vehicle discount. Insuring multiple vehicles or maintaining a clean driving record can also lead to significant savings on insurance rates.
Should I choose a specialized insurance provider for my Tesla Model 3?
While there are specialized insurance providers catering specifically to electric vehicles, it is not necessary to choose one for your Tesla Model 3. Many mainstream insurance companies offer coverage for electric vehicles and have adapted their policies accordingly. It is recommended to shop around and compare quotes from different insurers to find the best coverage and rates for your specific needs.
For additional details, explore our comprehensive resource titled “Electric Vehicle Auto Insurance Discounts.”
Are there any additional considerations when insuring a Tesla Model 3?
When insuring your Tesla Model 3, choose the right coverage levels and deductible for your budget. Ensure your policy includes OEM parts if preferred and covers damages to home or public charging stations.
What is the cheapest insurance for Tesla Model 3?
The cheapest insurance for a Tesla Model 3 varies by provider and location, with some companies offering competitive rates for electric vehicles.
How much does Tesla Model 3 insurance cost?
The cost of Tesla Model 3 insurance averages around $150 per month, but rates can vary based on factors like location, driving history, and coverage levels.
What does Mercury Insurance offer for Tesla Model 3?
Mercury Insurance provides coverage for Tesla Model 3s, offering competitive rates and specialized electric vehicle benefits.
To find out more, explore our guide titled “Mercury Auto Insurance Review.”
What is the Tesla Model 3 insurance cost in California?
In California, Tesla Model 3 insurance cost can vary widely, often ranging from $150 to $200 monthly depending on various factors including driver profile and coverage options.
What is the 2023 Tesla Model 3 insurance cost?
The 2023 Tesla Model 3 insurance cost averages about $150 monthly, but can differ based on the insurer and the driver’s details.
What options does AAA insurance offer for Tesla Model 3?
AAA offers comprehensive insurance options for Tesla Model 3, including collision and comprehensive coverage, often with benefits for EV owners.
Finding cheap auto insurance rates can be difficult for high-risk drivers, but you don’t have to do it alone. Enter your ZIP code below to find the most affordable quotes in your area.
What is the average car insurance cost for Tesla Model 3?
The average car insurance cost for a Tesla Model 3 typically ranges from $142 to $183 per month.
What should be considered when insuring a Tesla Model 3?
When insuring a Tesla Model 3, consider factors like the level of coverage needed, potential discounts for safety features, and the higher costs associated with repairing advanced technology.
What does Tesla Model 3 comprehensive insurance cover?
Tesla Model 3 comprehensive insurance covers damage from non-collision incidents such as theft, fire, and natural disasters.
To learn more, explore our comprehensive resource on “Does auto insurance cover stolen vehicles?”
What is the Tesla Model 3 insurance cost in Florida?
The insurance cost for a Tesla Model 3 in Florida generally ranges between $167 and $250 monthly, influenced by high rates of accidents and natural disasters.
What is the Tesla Model 3 insurance cost with Geico?
Geico’s insurance cost for a Tesla Model 3 may range from $125 to $167 monthly, depending on personal discounts and coverage levels.
What is the Tesla Model 3 insurance cost in Massachusetts?
In Massachusetts, the Tesla Model 3 insurance cost typically ranges from $150 to $200 monthly, influenced by state-specific insurance regulations.
What is the Tesla Model 3 insurance cost in Michigan?
Tesla Model 3 insurance cost in Michigan is among the highest, often exceeding $208 monthly due to the state’s high insurance requirements and no-fault law.
Learn more by reading our guide titled “Best Michigan Auto Insurance.”
What insurance group is the Tesla Model 3 in?
The Tesla Model 3 typically falls into higher insurance groups due to its high value and repair costs, impacting insurance premiums.
How to get a Tesla Model 3 insurance quote?
To get a Tesla Model 3 insurance quote, provide your vehicle details and personal information to insurers or use online comparison tools to evaluate rates.
Find your cheapest auto insurance quotes by entering your ZIP code below into our free comparison tool.
What is needed for Tesla Model 3 lease insurance?
Tesla Model 3 lease insurance requires full coverage, including comprehensive and collision insurance, to protect against all forms of damage.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Jimmy McMillan
Licensed Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent insurance brokerage. His company specializes in insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast Modern Li...
Licensed Insurance Agent
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.
