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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Written byJacqueline DeMarco
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13+ years writing insurance and personal finance content
Insurance, lending, and retirement expert
Jacqueline has contributed content, and her personal finance passion, to dozens of noteworthy financial brands, including Credit Karma, Bankrate, and MagnifyMoney.
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Edited bySara Getman
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Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.
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Table of contents
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.
Quick Facts
The average cost of liability-only car insurance for the 2025 Tesla Model 3 is $235 per month.
A full-coverage car insurance policy for a 2025 Tesla Model 3 costs $441 per month, on average.
The cost to insure a Tesla Model 3 is higher than the national average of $151 per month.
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 table below shows how your rates may fluctuate based on the year of your Model 3.
Model Year  | Average Monthly Quote |
|---|---|
| 2025 | $363 |
| 2024 | $359 |
| 2023 | $347 |
| 2022 | $262 |
| 2021 | $258 |
| 2020 | $248 |
| 2019 | $298 |
Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
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]
The table below shows full-coverage rates for the 2025 Model 3.
Insurance CompanyAverage Monthly QuoteUSAA $187 GEICO $221 State Farm $223 CSAA $240 Allstate $248 Progressive $276 American Family $293 Nationwide $342 Travelers $361 The General $403 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
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.
The table below shows how much full-coverage insurance costs for a 2024 Tesla Model 3.
Insurance CompanyAverage Monthly QuoteUSAA $185 GEICO $219 State Farm $221 CSAA $238 Allstate $245 Progressive $273 American Family $290 Nationwide $339 Travelers $357 The General $398 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
If you’re planning to buy a 2023 Tesla Model 3, you can expect an MSRP of $40,240. This table can give you an idea of what you might spend on car insurance with a handful of popular car insurance companies.
Insurance CompanyAverage Monthly QuoteUSAA $150 State Farm $166 GEICO $171 Allstate $204 American Family $258 Progressive $247 Liberty Mutual $270 Travelers $298 Farmers $350 The General $382 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Despite having a higher MSRP ($48,490) than the 2023 model, the 2022 Tesla Model 3 has lower average monthly car insurance costs.
Insurance CompanyAverage Monthly QuoteUSAA $131 State Farm $145 GEICO $150 Allstate $178 American Family $226 Progressive $216 Liberty Mutual $236 Travelers $260 Farmers $306 The General $333 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The 2021 Tesla Model 3 came with an MSRP of $39,190, and drivers pay the following average monthly premiums to insure one.
Insurance CompanyAverage Monthly QuoteUSAA $126 State Farm $141 GEICO $145 Allstate $172 American Family $218 Progressive $209 Liberty Mutual $228 Travelers $252 Farmers $296 The General $323 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
With a much lower starting price of $36,200, the 2020 Tesla Model 3 also comes with lower average insurance quotes.
Insurance CompanyAverage Monthly QuoteUSAA $125 State Farm $139 GEICO $144 Allstate $171 American Family $216 Progressive $207 Liberty Mutual $226 Travelers $250 Farmers $294 The General $320 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
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.
Insurance CompanyAverage Monthly QuoteUSAA $121 State Farm $135 GEICO $139 Allstate $165 American Family $209 Progressive $200 Liberty Mutual $219 Travelers $242 Farmers $284 The General $310 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Average cost of Tesla Model 3 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 for the Tesla Model 3 fluctuate based on what state you live in.
Average Monthly Rate by State
State | Average Monthly Quote |
|---|---|
| Alabama | $266 |
| Arizona | $492 |
| Arkansas | $330 |
| California | $505 |
| Colorado | $413 |
| Connecticut | $705 |
| Delaware | $402 |
| Florida | $454 |
| Georgia | $456 |
| Idaho | $234 |
| Illinois | $245 |
| Indiana | $322 |
| Iowa | $266 |
| Kansas | $307 |
| Kentucky | $462 |
| Louisiana | $441 |
| Maine | $369 |
| Maryland | $645 |
| Massachusetts | $287 |
| Michigan | $554 |
| Minnesota | $369 |
| Mississippi | $369 |
| Montana | $309 |
| Missouri | $392 |
| North Dakota | $273 |
| Nebraska | $356 |
| New Hampshire | $228 |
| Nevada | $558 |
| New Jersey | $349 |
| New Mexico | $307 |
| New York | $828 |
| North Carolina | $173 |
| Ohio | $243 |
| Oklahoma | $243 |
| Oregon | $302 |
| Pennsylvania | $326 |
| South Carolina | $509 |
| South Dakota | $251 |
| Tennessee | $288 |
| Texas | $447 |
| Utah | $339 |
| Virginia | $349 |
| Washington | $277 |
| District of Columbia | $505 |
| Vermont | $287 |
| West Virginia | $288 |
| Wisconsin | $258 |
| Wyoming | $253 |
Source: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile. Insufficient data is available to show results for Alaska and Hawaii.
Recent quotes for other Insurify users
Drivers have found policies from Orion Indemnity Company, Mercury, Aspire General, and more, for rates as low as $37/mo. through Insurify
*Quotes generated for Insurify users within the last 10 days. Last updated on June 17, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from June 17, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users within the last 10 days. Last updated on June 17, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from June 17, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
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]
Collision coverage
Collision coverage pays for repairs or replacement of your car if it’s damaged in a collision with another vehicle or object. It also helps cover the costs of repairing your vehicle, regardless of who’s at fault in the accident.
Comprehensive coverage
Comprehensive coverage provides protection from non-collision events, such as vandalism, theft, and natural disasters. It covers the costs of repairing or replacing your vehicle if it’s damaged in any way other than a collision.
Uninsured/underinsured motorist coverage
Uninsured/underinsured motorist coverage protects you if you’re involved in an accident with a driver who either doesn’t have insurance or doesn’t have enough insurance to cover the damages. Uninsured/underinsured motorist coverage pays for medical bills, lost wages, and vehicle repairs.
Personal injury protection (PIP) coverage
Personal injury protection (PIP) coverage helps pay for medical expenses for you and your passengers after an accident, regardless of who’s at fault. It covers things like hospital visits, surgeries, and rehabilitation.
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 $151 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.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
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Sources
- Kelley Blue Book. "2025 Tesla Model 3."
- Edmunds. "2025 Tesla Model 3."
- Edmunds. "2024 Tesla Model 3."
- III. "What is covered by a basic auto insurance policy?."
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Jacqueline DeMarco
During college, Jacqueline DeMarco interned at a retirement plan advisory firm and was tasked with creating a presentation on the importance of financial wellness. During her research into how money can affect our health, relationships and career, Jacqueline realized just how important financial education is. Jacqueline is a contributor for Insurify and has worked with more than a dozen financial brands, including LendingTree, Capital One, Credit Karma, Fundera, Chime, Bankrate, Student Loan Hero, ValuePenguin, SoFi, and Northwestern Mutual, providing thoughtful content to give readers insight into complex topics that they likely didn’t learn in school.
Jacqueline has been a contributor at Insurify since October 2022.
Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.
