+120 more*These quotes are from Compare.com users within the last 10 days. Updated on July 2, 2026
*These quotes are from Compare.com users within the last 10 days. Updated on July 2, 2026
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4+ years of experience in insurance and personal finance editing
NPN: 20564519
Updated
The average cost of car insurance for the Tesla Model 3 is $259 per month, which is 60% greater than the average premium for all vehicles.
USAA is the cheapest car insurance company for the Tesla Model 3, with an average monthly premium of $147.
While recent model years have had low theft rates, the Tesla Model 3 is expensive to repair or replace, making it costly to insure.
Tesla Model 3 auto insurance premiums vary by policy type. Cheaper than full-coverage insurance, liability-only insurance only pays for the other driver’s medical bills and property damage repairs when you cause an accident.
Full-coverage insurance includes collision coverage, which pays for repairs to your own car when you cause a crash, and comprehensive coverage, which covers theft and non-collision damage to your vehicle.
The table below shows the average premiums for Tesla Model 3 cars and comparisons to other vehicles.
Vehicle  | Average Liability Premium | Average Full-Coverage Premium | Overall Average Premium |
|---|---|---|---|
| Tesla Model 3 | $161 | $357 | $259 |
| All vehicles | $114 | $210 | $162 |
The Tesla Model 3 is relatively expensive to insure. The average liability-only premium for the Tesla Model 3 is $161 per month, while the average full-coverage premium is $357. The average premium for a Tesla Model 3 is 60% higher than the premium of an average vehicle.
But rates vary depending on factors such as model year, the driver’s age, ZIP code, and driving record.
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Because each auto insurance company calculates premiums differently, some offer cheaper rates than others, even for the same vehicle. Below are the cheapest car insurance companies for the Tesla Model 3, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| USAA | $147 |
| State Farm | $163 |
| Allstate | $208 |
| American Family | $222 |
| GEICO | $227 |
| CSAA | $249 |
| Nationwide | $269 |
| Progressive | $274 |
| Travelers | $280 |
| Farmers | $318 |
| Liberty Mutual | $378 |
| Amica | $714 |
| User Reviews | 4.2 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
USAA's score | Industry average | |
|---|---|---|
| Coverage options | 4.8 | 3.2 |
| Customer service | 4.5 | 3.6 |
| Discounts | 4.9 | 2.9 |
| Policy transparency | 4.9 | 3.1 |
| Value | 4.9 | 2.9 |
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
USAA is a great choice for military families with a Tesla Model 3. In addition to earning AM Best’s top financial strength rating, the company offers the cheapest average premiums and discounts for new vehicles and anti-theft devices. USAA also offers car replacement assistance coverage, which is a good option for new, expensive cars with an auto loan.
Military discounts available
Highly rated by J.D. Power
Only available to USAA members
Poor Trustpilot rating
| User Reviews | 3.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
State Farm's score | Industry average | |
|---|---|---|
| Coverage options | 4.4 | 3.2 |
| Customer service | 4.5 | 3.6 |
| Discounts | 4.3 | 2.9 |
| Policy transparency | 4.3 | 3.1 |
| Value | 4.2 | 2.9 |
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
State Farm has a good reputation for financial strength and customer satisfaction. The insurer holds an A+ (Superior) rating from AM Best and receives relatively few complaints with the National Association of Insurance Commissioners.
State Farm also offers great digital tools that may appeal to Tesla Model 3 drivers, including a highly rated, feature-packed mobile app that simplifies claims. It also offers two usage-based savings programs.
Several vehicle equipment discounts
Well-rated for claims satisfaction
Not accredited by the Better Business Bureau
Few coverage add-ons are available
| User Reviews | 3.6 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
Allstate's score | Industry average | |
|---|---|---|
| Coverage options | 4.3 | 3.2 |
| Customer service | 4.3 | 3.6 |
| Discounts | 4.5 | 2.9 |
| Policy transparency | 4.2 | 3.1 |
| Value | 4.2 | 2.9 |
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Allstate offers vehicle equipment discounts that would appeal to electric vehicle owners, along with extended warranties and protection plans for your home charger. Allstate’s roadside assistance plans also offer 24/7 access to battery charging in most markets.
The company has an A+ (Superior) financial strength rating with AM Best, but Allstate has some customer satisfaction issues.
Well-rated usage-based insurance
Offers accident forgiveness
Below-average claims satisfaction rating
Poor Trustpilot rating
The age of your Tesla Model 3 will affect your insurance premium due to differences in safety records, theft rates, safety and security features, vehicle value, and repair costs. For example, the 2017 Tesla Model 3 received slightly better Insurance Institute for Highway Safety (IIHS) safety ratings than the 2026 Tesla Model 3.[1] It also has a lower cash value, so it costs less to insure.
The tables below show how car insurance rates vary by Tesla Model 3 model year and which auto insurers offer the cheapest rates for each model year, according to Compare.com data.
Model 3 Model Year | Average Monthly Premium |
|---|---|
| 2026 | $311 |
| 2025 | $313 |
| 2024 | $313 |
| 2023 | $312 |
| 2022 | $312 |
| 2021 | $301 |
| 2020 | $288 |
| 2019 | $282 |
| 2018 | $271 |
| 2017 | $267 |
Company | Average Monthly Premium |
|---|---|
| USAA | $176 |
| State Farm | $195 |
| Allstate | $249 |
| American Family | $266 |
| GEICO | $272 |
Company | Average Monthly Premium |
|---|---|
| USAA | $178 |
| State Farm | $197 |
| Allstate | $251 |
| American Family | $268 |
| GEICO | $274 |
Company | Average Monthly Premium |
|---|---|
| USAA | $178 |
| State Farm | $197 |
| Allstate | $251 |
| American Family | $268 |
| GEICO | $274 |
Company | Average Monthly Premium |
|---|---|
| USAA | $177 |
| State Farm | $196 |
| Allstate | $250 |
| American Family | $267 |
| GEICO | $273 |
Company | Average Monthly Premium |
|---|---|
| USAA | $177 |
| State Farm | $196 |
| Allstate | $250 |
| American Family | $267 |
| GEICO | $273 |
Company | Average Monthly Premium |
|---|---|
| USAA | $171 |
| State Farm | $190 |
| Allstate | $242 |
| American Family | $258 |
| GEICO | $264 |
Company | Average Monthly Premium |
|---|---|
| USAA | $163 |
| State Farm | $181 |
| Allstate | $231 |
| American Family | $246 |
| GEICO | $252 |
Company | Average Monthly Premium |
|---|---|
| USAA | $160 |
| State Farm | $177 |
| Allstate | $226 |
| American Family | $241 |
| GEICO | $247 |
Company | Average Monthly Premium |
|---|---|
| USAA | $154 |
| State Farm | $171 |
| Allstate | $218 |
| American Family | $233 |
| GEICO | $238 |
Company | Average Monthly Premium |
|---|---|
| USAA | $151 |
| State Farm | $168 |
| Allstate | $214 |
| American Family | $229 |
| GEICO | $234 |
Where you live affects the cost of car insurance because some areas have higher rates of theft, vandalism, accidents, and weather events than others. The cost of hiring a lawyer or a mechanic in a particular city or state also affects insurance costs.
For example, high-traffic urban areas with a high cost of living tend to have higher average car insurance premiums than rural areas.
Check out the map below to find each state’s average monthly premium for a Tesla Model 3 based on Compare.com data.
State | Average Monthly Premium |
|---|---|
| Alabama | $214 |
| Arizona | $227 |
| Arkansas | $246 |
| California | $278 |
| Colorado | $278 |
| Connecticut | $386 |
| Delaware | $323 |
| Florida | $301 |
| Georgia | $345 |
| Hawaii | $171 |
| Idaho | $142 |
| Illinois | $215 |
| Indiana | $177 |
| Iowa | $145 |
| Kansas | $201 |
| Kentucky | $268 |
| Louisiana | $290 |
| Maine | $189 |
| Maryland | $411 |
| Massachusetts | $204 |
| Michigan | $312 |
| Minnesota | $236 |
| Mississippi | $204 |
| Missouri | $246 |
| Montana | $202 |
| Nebraska | $195 |
| Nevada | $343 |
| New Hampshire | $119 |
| New Jersey | $365 |
| New Mexico | $196 |
| New York | $298 |
| North Carolina | $120 |
| North Dakota | $158 |
| Ohio | $167 |
| Oklahoma | $232 |
| Oregon | $207 |
| Pennsylvania | $218 |
| Rhode Island | $298 |
| South Carolina | $331 |
| South Dakota | $187 |
| Tennessee | $193 |
| Texas | $297 |
| Utah | $203 |
| Vermont | $194 |
| Virginia | $242 |
| Washington | $230 |
| District of Columbia | $426 |
| West Virginia | $200 |
| Wisconsin | $164 |
| Wyoming | $152 |
Older drivers typically pay lower car insurance premiums because they have more experience behind the wheel and tend to have fewer accidents. Insurers charge higher car insurance rates when a teen or young adult driver is listed on an auto policy.
The table below shows the average monthly premium for each age range, according to Compare.com data. Senior drivers pay less than half the rate that teen drivers pay for car insurance, on average.
Age Group | Average Monthly Premium |
|---|---|
| Teens | $497 |
| Adults | $259 |
| Seniors | $223 |
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Auto insurance premiums start high for young drivers and decrease with age. Teen drivers tend to pay the highest car insurance rates because teens are at a greater risk of being in a car accident than any other age group.[2] Insurers price car insurance policies to account for the high risk of a claim.
But some auto insurance companies offer lower premiums for young drivers than others. The table below shows the cheapest car insurance companies for Tesla Model 3 drivers younger than 25, according to Compare.com data.
Category | Price |
|---|---|
| USAA | $235 |
| State Farm | $261 |
| Allstate | $333 |
| American Family | $355 |
| GEICO | $363 |
Older drivers are less likely to speed and more likely to drive safely than younger drivers. Also, they tend to be involved in fewer accidents because they drive fewer miles.[3]
For these reasons, drivers in their 60s pay the lowest car insurance premiums. But insurers may charge slightly higher rates for senior drivers older than 70 or 75 due to age-related risk factors.
That said, each insurer calculates rates for seniors a little differently, and some offer senior-specific discounts to help you save money. The table below shows the cheapest auto insurance companies for senior Tesla Model 3 drivers, according to Compare.com data.
Category | Price |
|---|---|
| USAA | $125 |
| State Farm | $139 |
| Allstate | $177 |
| American Family | $189 |
| GEICO | $193 |
If you have at-fault accidents, speeding tickets, or other major traffic violations on your driving record, insurance companies will consider you a high-risk driver and raise your premiums accordingly. For example, car insurance rates increase by an average of 34% for drivers with a speeding ticket, according to Compare.com data.
The severity of the infraction affects the premium increase and how long your rate stays high. A driving under the influence (DUI) conviction is a serious offense. It could significantly affect your insurance rates for three to 10 years, depending on your state and your insurer’s pricing policy.
The table below shows how common infractions affect average premiums, according to Compare.com data.
Driving Record | Average Monthly Premium |
|---|---|
| Clean record | $259 |
| Speeding ticket | $347 |
| At-fault accident | $370 |
| DUI | $435 |
A DUI is the most costly offense when it comes to your insurance premiums. The average car insurance premium for DUI drivers is $435 per month, a 68% increase compared to the average premium for a Tesla Model 3 driver with a clean driving record.
If you have a speeding ticket on your driving record, insurers will view you as a high-risk driver. In 2024, speeding was a contributing factor in 29% of car accident deaths, according to National Safety Council data.[4] The effect of a speeding ticket on insurance rates depends on the severity of the infraction, the number of tickets, and the laws in your state.
Some auto insurance companies give less weight to speeding tickets than others when setting premiums. The table below shows the cheapest car insurance companies for Tesla Model 3 drivers with a speeding ticket, according to Compare.com data.
Category | Price |
|---|---|
| USAA | $189 |
| State Farm | $203 |
| Allstate | $270 |
| American Family | $289 |
| CSAA | $304 |
After an at-fault accident, your car insurance rates will rise due to the increased risk of future claims. Premium increases vary by company, but generally stay elevated for three years after claim filing.[5] After several serious at-fault accidents, you may even face non-renewal.
After an at-fault accident, it’s a good idea to compare car insurance quotes. Some companies are more lenient than others when calculating premiums for drivers with accidents on their records. The table below shows the cheapest insurers for Tesla Model 3 drivers after an at-fault accident, according to Compare.com data.
Category | Price |
|---|---|
| USAA | $192 |
| State Farm | $208 |
| Allstate | $270 |
| GEICO | $274 |
| American Family | $290 |
Of all major traffic violations, a DUI typically causes the greatest increase in your car insurance premiums. Driving under the influence is risky — 32 people die in drunk-driving accidents each day, according to the National Highway Traffic Safety Administration.[6]
The exact effect of a DUI depends on state law, the legal outcome of the offense, and the auto insurer, but you’ll likely pay higher premiums for years.
For example, after a DUI in California, your car insurance rate could more than double and remain elevated for up to 10 years, according to the California DMV. You could continue to face higher rates even if your record is expunged.
But some car insurance companies tend to be more forgiving of DUIs than others. The companies below offer the cheapest rates to Tesla Model 3 drivers with DUIs, according to Compare.com data.
Category | Price |
|---|---|
| USAA | $215 |
| State Farm | $239 |
| Allstate | $304 |
| GEICO | $310 |
| American Family | $325 |
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Several factors influence how auto insurers set premiums for the Tesla Model 3.
Value of the car: While more affordable than some luxury cars, the MSRP for the 2026 Tesla Model 3 ranges from $38,380 to $56,380.[7] Insurance is high because the car is expensive to replace.
Vehicle repair costs: Luxury or high-performance electric vehicles are more expensive to insure. They’re built with premium parts, specialized batteries, and advanced technology, which makes repairs after an accident more costly.
Theft rates: The Tesla Model 3 is among the least-stolen vehicles in terms of claim frequency among 2022–2024 models, according to IIHS data. This can help lower insurance premiums.
Safety record and safety features: The Tesla Model 3’s safety record and features vary by model year. The 2025 Tesla Model 3 was an IIHS Top Safety Pick. But in 2022–2024, the Tesla Model 3 had substantially worse-than-average collision-claim insurance losses, which may negatively affect average premiums.
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Tesla Model 3 insurance may be more expensive than average, but you can score lower premiums in a few ways:
Choose a high deductible: Raising your deductible will lower your monthly premium. Just make sure you have enough in a savings account to cover your share of the repair cost if you need to file a claim.
Look for discounts: Take advantage of vehicle equipment discounts relevant to the Tesla Model 3, such as safety or anti-theft device discounts. Some insurers, like Travelers, even offer discounts for electric vehicles.
Enroll in a usage-based program: Sign up for a telematics program that rewards you with premium savings for low mileage or safe driving behavior.
Compare car insurance quotes: Since every insurer weighs your information differently, you can save money on car insurance by shopping around. Collect quotes from a few different insurers or use a comparison site before buying a policy.
Before you put the pedal to the metal, make sure you understand Tesla Model 3 auto insurance costs and how to find the best car insurance company for your needs. Here are some of the most common questions Tesla owners ask.
Yes, the Tesla Model 3 is more expensive to insure than the average car. The average cost of car insurance for the Tesla Model 3 is $259 per month compared to $162 per month for all vehicles.
The cheapest car insurance company for the Tesla Model 3 is USAA, with an average premium of $147 per month, according to Compare.com data. Other companies that offer cheap insurance coverage for Tesla Model 3 drivers include State Farm, Allstate, and American Family.
The average monthly premium for the 2026 Tesla Model 3 is $311, according to Compare.com data. But your personal insurance rate will depend on your age, driving history, credit score, coverage limits, and other factors.
The Tesla Model S is the cheapest Tesla to insure, with an average premium of $205 per month, according to Compare.com data.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Licensed auto and home insurance agent
4+ years of experience in insurance and personal finance editing
NPN: 20564519
At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
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