If you’re wondering how much it will cost to insure your Tesla Model 3 in 2025, you’re in the right place. Insurance rates for the Tesla Model 3 vary based on your location, driving record and model year.
On average, insuring a 2023 Tesla Model 3 costs around $3,458 annually, but the rates can vary significantly compared to older models. For instance, a 2021 Model 3 might cost slightly less, around $3,214 per year, while insuring a 2018 model could be even more budget-friendly at $3,030 annually.
This guide will break down the costs and provide helpful tips for getting the best insurance rates for your Tesla Model 3.
What is the cost to insure your Tesla Model 3 in 2025?
The average cost to insure a Tesla Model 3 is $289 per month or $3,466 annually for a full coverage policy. However, the specific rates may vary based on your age, location, coverage limit, insurance company, and driving history.
Young drivers or those with a history of accidents may see higher premiums, while older, more experienced drivers with clean records may pay less. Additionally, rates can differ based on the state and even the ZIP code where the car is garaged.
Insurance rates by car model
Check out our detailed guide on car insurance rates by car model
Which companies offer the cheapest rates for Tesla Model 3
Nationwide provides the most affordable car insurance for your Tesla Model 3, with an average annual rate of $2,505, or $209 per month, according to CarInsurance.com’s analysis.
The table below shows which insurance companies offer the best rates for your Tesla Model 3.
| Company | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Nationwide | $2,505 | $1,252 | $209 |
| State Farm | $2,675 | $1,337 | $223 |
| Geico | $3,359 | $1,680 | $280 |
| Progressive | $3,683 | $1,841 | $307 |
| Allstate | $4,029 | $2,015 | $336 |
| Farmers | $4,723 | $2,361 | $394 |
Explore our expert guide to the cheapest cars to insure in 2025
Compare Tesla Model 3 car insurance rates by model year
Generally, newer models have higher insurance rates due to their higher market value and repair costs. For instance, insuring a 2023 Tesla Model 3 will likely be more expensive than insuring a 2019 model. However, older models might not have the latest safety features, which can also influence rates.
Below is a comparison of average annual insurance costs for different model years of the Tesla Model 3. This data can give you a clear idea of how insurance premiums change with the vehicle’s age.
| Model year | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| 2017 | $2,720 | $1,360 | $227 |
| 2018 | $3,030 | $1,515 | $253 |
| 2019 | $2,898 | $1,449 | $241 |
| 2020 | $3,175 | $1,587 | $265 |
| 2021 | $3,214 | $1,607 | $268 |
| 2022 | $3,406 | $1,703 | $284 |
| 2023 | $3,458 | $1,729 | $288 |
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Tesla Model 3 car insurance rates for different trims
When it comes to insuring a Tesla Model 3, the trim level can significantly influence the insurance rates. Different trims come with various features, safety equipment and price points, which contribute to the insurance cost.
For instance, higher-end trims like the Model 3 Performance, which include advanced technology and luxury features, may have higher insurance premiums than the base model due to the increased replacement and repair costs.
Below is a comparison of average annual insurance costs for different trims of the Tesla Model 3.
| Vehicle trim | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Model 3 | $3,338 | $1,669 | $278 |
| Model 3 Long Range | $3,435 | $1,717 | $286 |
| Model 3 Performance | $3,625 | $1,813 | $302 |
Tesla Model 3 insurance rates: State-by-state breakdown
The cost to insure a Tesla Model 3 can vary widely from state to state due to differences in state laws, average repair costs and car theft or accident rates.
Find the Tesla Model 3 car insurance rates for different states in the table below.
| State | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Alaska | $3,384 | $1,692 | $282 |
| Alabama | $3,406 | $1,703 | $284 |
| Arkansas | $4,174 | $2,087 | $348 |
| Arizona | $3,241 | $1,621 | $270 |
| California | $4,241 | $2,121 | $353 |
| Colorado | $4,206 | $2,103 | $351 |
| Connecticut | $3,803 | $1,901 | $317 |
| Washington, D.C. | $3,913 | $1,957 | $326 |
| Delaware | $3,355 | $1,677 | $280 |
| Florida | $3,394 | $1,697 | $283 |
| Georgia | $4,087 | $2,043 | $341 |
| Hawaii | $2,059 | $1,029 | $172 |
| Iowa | $3,124 | $1,562 | $260 |
| Idaho | $2,187 | $1,094 | $182 |
| Illinois | $3,338 | $1,669 | $278 |
| Indiana | $3,125 | $1,563 | $260 |
| Kansas | $3,470 | $1,735 | $289 |
| Kentucky | $4,065 | $2,032 | $339 |
| Louisiana | $5,718 | $2,859 | $476 |
| Massachusetts | $3,567 | $1,783 | $297 |
| Maryland | $3,547 | $1,774 | $296 |
| Maine | $2,641 | $1,320 | $220 |
| Michigan | $4,790 | $2,395 | $399 |
| Minnesota | $3,773 | $1,887 | $314 |
| Missouri | $4,056 | $2,028 | $338 |
| Mississippi | $4,011 | $2,005 | $334 |
| Montana | $3,858 | $1,929 | $322 |
| North Carolina | $2,526 | $1,263 | $211 |
| North Dakota | $2,898 | $1,449 | $241 |
| Nebraska | $3,684 | $1,842 | $307 |
| New Hampshire | $2,701 | $1,351 | $225 |
| New Jersey | $3,674 | $1,837 | $306 |
| New Mexico | $3,418 | $1,709 | $285 |
| Nevada | $3,243 | $1,621 | $270 |
| New York | $2,324 | $1,162 | $194 |
| Ohio | $2,447 | $1,224 | $204 |
| Oklahoma | $3,760 | $1,880 | $313 |
| Oregon | $3,022 | $1,511 | $252 |
| Pennsylvania | $3,592 | $1,796 | $299 |
| Rhode Island | $4,336 | $2,168 | $361 |
| South Carolina | $3,065 | $1,533 | $255 |
| South Dakota | $4,204 | $2,102 | $350 |
| Tennessee | $3,882 | $1,941 | $324 |
| Texas | $4,705 | $2,352 | $392 |
| Utah | $2,753 | $1,377 | $229 |
| Virginia | $2,423 | $1,211 | $202 |
| Vermont | $2,888 | $1,444 | $241 |
| Washington | $3,152 | $1,576 | $263 |
| Wisconsin | $2,781 | $1,390 | $232 |
| West Virginia | $3,069 | $1,535 | $256 |
| Wyoming | $3,541 | $1,771 | $295 |
How your age impacts Tesla Model 3 insurance rates
Drivers under 25 often see higher insurance rates due to their inexperience and higher risk of car accidents. As individuals age and get more experience behind the wheel, their rates usually drop. However, for older drivers, insurance costs can increase again due to age-related risks.
According to the National Highway Traffic Safety Administration’s (NHTSA) Young Drivers Traffic Safety Facts, 2,034 drivers aged 15 to 20 died in traffic crashes in 2022.
The table below shows the average annual insurance rates for different age groups.
| Age | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Teens | $13,586 | $6,793 | $1,132 |
| Adults | $3,466 | $1,733 | $289 |
The bottom line
It’s essential to know how much it will cost to insure your Tesla Model 3 so you can plan your budget. Insurance rates can vary based on the car’s age, model, year, trim and your location.
By taking proactive steps like maintaining a clean driving record, taking advantage of discounts and regularly reviewing your insurance needs, you can balance adequate coverage and affordability.
Resources & Methodology
Sources
Insurance Information Institute. “Facts + Statistics: Teen drivers.” September 2025.
Methodology
CarInsurance.com commissioned Quadrant Information Services to calculate average auto insurance rates for 1,661 car models to help drivers compare coverage costs. Rates reflect national averages based on a standard driver profile with full coverage, typical commute distance, and annual mileage.
The average rates are based on a 40-year-old male driver with 100/300/100 liability limits and a $500 deductible for collision and comprehensive coverage, commuting 12 miles to work daily and driving 10,000 miles annually.
Read the detailed methodology for more information.
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