Tesla Model 3 Insurance Cost: Average Rates by Trim and Insurer (2026)

Full-coverage insurance on a Tesla Model 3 typically costs about $110–$200 a month for a clean-record adult driver in an average-cost state in 2026. It's the cheapest Tesla to insure. Your price depends mostly on your state and driving record, then on the trim — the Performance costs noticeably more.

Average Model 3 insurance cost

One 2026 analysis put a typical clean-record 40-year-old at about $198 a month for full coverage with 100/300 liability limits and $500 deductibles — within this range. Younger drivers and anyone with a recent accident can pay double.

By trim: RWD vs Long Range vs Performance

• RWD: usually the cheapest — lowest price and the same body as other trims.
• Long Range: typically a little more than RWD, since it costs more.
• Performance: the most expensive to insure. It's faster, pricier, and has larger wheels and performance tires, which raise both claim frequency and repair costs. Expect noticeably higher quotes than a Long Range.

Insurers price by VIN, so quote the exact car you plan to buy.

By insurer

Estimated monthly full coverage for a 2025 Model 3 in an average-cost state:

From our Tesla Insurance Cost Estimator, based on published averages. The cheapest insurer for you can be different — get at least three quotes.

By state

Your state can matter more than your insurer. High-claim states such as California, Florida, New York, New Jersey, Michigan, Louisiana and Nevada can run around 45% above average, while lower-cost states such as Ohio, Indiana, Iowa and Wisconsin can be 25% below. California drivers can see detailed numbers in our Model 3 insurance cost in California guide.

Model 3 vs Model Y

The Model 3 usually costs $30–$80 a month less to insure than the Model Y. The Y is pricier and its larger body panels and rear casting make major repairs more expensive. For every model ranked, see the cheapest Tesla to insure.

How to lower your Model 3 premium

1. Compare three or more quotes with identical coverage.
2. Raise your collision deductible to $1,000 if you can cover it.
3. Bundle auto with home or renters insurance.
4. Drive smoothly if you choose Tesla Insurance in a Safety Score state.
5. Report your real mileage — low-mileage drivers often pay less.

Frequently asked questions

How much is insurance on a Tesla Model 3 per month?

About $110–$200 for full coverage with a clean record in an average-cost state, and more in high-cost states.

Is the Model 3 Performance more expensive to insure?

Yes, usually noticeably more than RWD or Long Range.

Who has the cheapest insurance for a Model 3?

In our estimates, Tesla Insurance often comes in lowest where it's available, followed by State Farm — but quotes vary, so compare.

Is the Model 3 cheaper to insure than the Model Y?

Yes, typically by $30–$80 a month.

The bottom line

Budget roughly $110–$200 a month to insure a Model 3 in most states, more in high-cost ones, and compare at least three quotes. Estimate yours with the Tesla Insurance Cost Estimator.