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Does insurance cost a lot on a Tesla Model 3?
I'm looking to upgrade to an electric car. I'd like to get a Tesla, but want to budget for other costs. How much does insurance normally cost on a Model 3?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“The cost may vary, but you should expect to pay between $2,200 and $4,500 a year for
Tesla Model 3 car insurance
.The high repair costs of Teslas are the foremost reason why they’re more expensive to ensure, as well as their classification as a luxury car by many car insurance companies. Most Tesla owners opt for full coverage car insurance, which can raise your rates even more, but offer more protection.
To find the best rate on a Model 3, you’ll want to shop around. Check car insurance quotes online or work with a quality company like
Jerry
and you should be able to discover a policy that saves you money.”View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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