How Much Does Tesla Insurance Cost?

Tesla Model 3 insurance costs on average

According to our research, Tesla Model 3 insurance costs an average of $2,215 per year, or roughly $185 per month. This is over 40% more than the national average for auto insurance.

However, premiums differ significantly from one insurer to the next. The price differential for Tesla auto insurance among the five top car insurance firms in the United States might be more than $1,000 per year.

Among the nation’s top insurers, Progressive had the least average premiums for Tesla Model 3 owners. Despite the fact that USAA offers lower rates, it was excluded from our research since it is exclusively available to military personnel, veterans, and their families.