Tesla Model 3 Insurance Cost
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Insurance costs for the Tesla Model 3 compared with those for an average car
- $144. estimated each month for full coverage at the US average
- 133collision losses (100 = average)
How does the Tesla Model 3 compare?
IIHS-HLDI measures each model's insurance losses against those of the average car (100) The 2022-2024 Tesla Model 3 records collision losses of 133 and property damage losses of 98
Loss results compared with similar cars
| Coverage | Tesla Model 3 | Allmidsizeluxurycars |
|---|---|---|
| Collision | 133 | 153 |
| Property damage | 98 | 94 |
| Comprehensive | 87 | 120 |
| Bodily injury | 91 | 95 |
Estimated Tesla Model 3 insurance cost
In the US, full coverage for an adult with a clean driving record runs about $1,730 a year on average. That figure applies to the Tesla Model 3, 7% more than the average car.
| Cheapest and dearest states | Per year | Per month |
|---|---|---|
| Maine | $1,084 | $90 |
| Vermont | $1,140 | $95 |
| North Dakota | $1,146 | $95 |
| Idaho | $1,172 | $98 |
| Hawaii | $1,172 | $98 |
| Georgia | $2,088 | $174 |
| District of Columbia | $2,160 | $180 |
| Florida | $2,278 | $190 |
| Louisiana | $2,285 | $190 |
| New York | $2,293 | $191 |
Source: NAIC 2024 Auto Insurance Database Average Premium Supplement (PDF); IIHS-HLDI, Insurance losses by make and model, 2022-24 models (page table; values via the page's own API).
Find your own number
The calculator lets you select the Tesla Model 3, then adds in your state, age and record. Other Tesla cars: Tesla insurance cost.
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