Best Tesla Model 3 Auto Insurance in 2025 (Your Guide to the Top 10 Companies)

The best Tesla Model 3 auto insurance providers are Nationwide, Amica, and Farmers, renowned for their exceptional coverage and customer service.

These companies stand out in the competitive market by offering comprehensive protection tailored specifically for Tesla Model 3 owners. Their policies are designed to accommodate the unique needs of electric vehicles, ensuring that drivers have peace of mind.

Our Top 10 Company Picks: Best Tesla Model 3 Auto Insurance

With a focus on affordability and quality, these insurers provide the best options for securing your Tesla Model 3. Unlock details in our aticle titled “Cheap Tesla Auto Insurance.”

Start saving on your auto insurance by entering your ZIP code and comparing quotes.

#1 – Nationwide: Top Overall Pick

Pros

• Tailored Discounts for Tesla Model 3: Nationwide offers a 15% safe-driving discount specifically beneficial for Tesla Model 3 owners.
• High A.M. Best Rating: With an A+ rating, Nationwide assures strong financial health, important for Tesla Model 3 claims. You can learn more in our article titled Nationwide auto insurance review.
• Specialized Tesla Model 3 Coverage: Nationwide provides coverage options that cater to the unique features of Tesla Model 3.

Cons

• Selective Discounts: Some Tesla Model 3 owners may not qualify for all offered discounts, limiting their savings potential.
• Rate Variability: Nationwide’s premiums can vary significantly, potentially impacting Tesla Model 3 owners in different regions.

#2 – Amica: Best for Customizable Policies

Pros

• Customization for Tesla Model 3: Amica allows Tesla Model 3 owners to tailor their policies, enhancing coverage for specific needs.
• Strong Student Discount: Offers an 18% discount for good students, beneficial for young Tesla Model 3 drivers.
• A+ Financial Stability: Amica’s A+ A.M. Best rating ensures reliable claims service for Tesla Model 3 owners. See average monthly rates in our article titled Amica car insurance review.

Cons

• Higher Base Rates: Amica’s initial rates may be higher for Tesla Model 3 insurance, even with customization.
• Complex Policy Management: The extensive customization options may overwhelm some Tesla Model 3 owners.

#3 – Farmers: Best for First-Responder Discount

Pros

• First-Responder Benefits: Farmers provides a 12% discount for first responders, useful for Tesla Model 3 owners in these professions.
• Diverse Coverage Options: Offers a variety of coverage that can be particularly advantageous for Tesla Model 3’s advanced technology.
• A Rated Stability: Farmers holds an A rating from A.M. Best, indicating robust financial health for handling Tesla Model 3 claims. Take a look at our Farmers insurance company review to learn more.

Cons

• Premium Pricing: Despite discounts, Farmers’ premiums for Tesla Model 3 may still be higher compared to other insurers.
• Discount Availability: The specific first-responder discount might not apply to all Tesla Model 3 owners, limiting its broader appeal.

#4 – Erie: Best for Safe Drivers

Pros

• Tailored Discounts for Safe Drivers: Erie rewards safe driving with a 10% discount, particularly advantageous for Tesla Model 3 owners.
• Coverage Options for Tesla Model 3: Erie offers various coverage options that address the specific needs of Tesla Model 3 vehicles.
• High Financial Rating: With an A+ A.M. Best rating, Erie ensures financial reliability for Tesla Model 3 insurance claims. Read our comprehensive Erie review to see if this auto insurance provider is right for you.

Cons

• Limited Geographic Availability: Erie’s services are not available nationwide, which could be a disadvantage for some Tesla Model 3 owners.
• Restrictive Eligibility for Discounts: The safe driver discount requires strict qualifications which may not be achievable by all Tesla Model 3 owners.

#5 – Safeco: Best for Group Discounts

Pros

• Group Discounts for Tesla Model 3: Safeco offers a 14% group discount, ideal for Tesla Model 3 owners in qualifying groups.
• Varied Coverage Enhancements: Provides numerous options for enhancing coverage, tailored to the Tesla Model 3’s technology and safety features.
• A Rated by A.M. Best: Ensures dependable financial capacity for managing Tesla Model 3 insurance claims. Compare Safeco’s rates to other providers in our guide titled Safeco auto insurance review.

Cons

• Higher Premiums for Individuals: Without qualifying for group discounts, individual Tesla Model 3 owners might face higher premiums.
• Complex Policy Features: The breadth of coverage options can be overwhelming and may lead to confusion among Tesla Model 3 owners about the best choices.

#6 – Liberty Mutual: Best for Safety Discounts

Pros

• Safety Discounts for Tesla Model 3: Offers up to 17% off for Tesla Model 3 owners who qualify based on safety features.
• Customizable Coverage: Liberty Mutual allows extensive customization of policies to fit the specific needs of Tesla Model 3 owners.
• Strong Financial Health: An A rating from A.M. Best indicates a solid ability to handle claims from Tesla Model 3 owners. To see monthly premiums and honest rankings, read our article titled Liberty Mutual review.

Cons

• Costly Premiums without Discounts: Tesla Model 3 owners may face higher premiums if they don’t qualify for safety discounts.
• Variable Discount Qualification: Not all safety features on the Tesla Model 3 may qualify for discounts, potentially limiting savings.

#7 – Progressive: Best for Family Plans

 

Pros

• Family Plan Advantages for Tesla Model 3: Progressive offers significant savings through family plans, which can benefit households with multiple Tesla Model 3 vehicles.
• Extensive Coverage Options: Progressive provides a wide range of options that cater to the specific requirements of Tesla Model 3 owners.
• High A.M. Best Rating: With an A+ rating, Progressive ensures strong financial stability for Tesla Model 3 insurance claims. Our complete Progressive review goes over this in more detail.

Cons

• Higher Rates for Single Policyholders: Single Tesla Model 3 owners might find Progressive’s rates less competitive without family plan discounts.
• Complex Discount Structures: Navigating the various discounts for Tesla Model 3 insurance can be complex and time-consuming.

#8 – USAA: Best for Cheap Rates

Pros

• Competitive Rates for Tesla Model 3: USAA is known for offering some of the most affordable rates for Tesla Model 3 insurance, ideal for budget-conscious owners.
• Military and Family Benefits: Provides additional benefits and discounts for military members and their families who own a Tesla Model 3.
• Top-tier Financial Rating: The A++ rating from A.M. Best assures excellent financial reliability for handling Tesla Model 3 claims. See how USAA’s rates compare to other insurance providers in our USAA auto insurance review.

Cons

• Limited Eligibility: USAA’s services are only available to military members, veterans, and their families, restricting access for many Tesla Model 3 owners.
• Fewer Customization Options: Compared to other insurers, USAA offers fewer customization options for Tesla Model 3 policies.

#9 – AAA: Best for Affordable Rates

Pros

• Competitive Pricing for Tesla Model 3: AAA offers competitive rates, particularly noted for affordability in Tesla Model 3 insurance. Learn more about AAA roadside assistance in our review of AAA insurance.
• Extensive Membership Benefits: Beyond insurance, AAA membership provides numerous benefits that can be advantageous for Tesla Model 3 owners.
• Strong Financial Standing: An A rating from A.M. Best ensures AAA’s capability in managing Tesla Model 3 insurance claims efficiently.

Cons

• Membership Requirement: To access Tesla Model 3 insurance rates, owners must be AAA members, which involves an additional cost.
• Variable Service Quality: The quality of service can vary significantly based on regional AAA clubs, potentially affecting Tesla Model 3 owners.

#10 – American Family: Best for Senior Discounts

Pros

• Senior Discounts for Tesla Model 3 Owners: Offers discounts that can significantly benefit senior Tesla Model 3 owners. Read our online American Family review to find out more about the company.
• Custom Policy Adjustments: American Family allows for policy adjustments that are particularly suited to the needs of older Tesla Model 3 drivers.
• Solid Financial Reliability: Holds an A rating from A.M. Best, ensuring dependable claim processing for Tesla Model 3 insurance.

Cons

• Limited Discount Availability: The senior discount is restricted to older Tesla Model 3 owners, which may not apply to younger drivers.
• Higher Rates Without Discounts: Without qualifying for senior discounts, premiums can be higher for other Tesla Model 3 owners.

Tesla Model 3 Auto Insurance Monthly Rates by Coverage Level & Provider

The table of monthly rates reveals significant variation in pricing between minimum and full coverage for the Tesla Model 3. For instance, Erie and USAA offer the most economical options, both for minimum coverage at $22 and full coverage at $58 and $59 respectively. Dive into our in-depth “State Farm vs. USAA Auto Insurance” to find the best policy for your needs.

In contrast, Liberty Mutual presents the highest rates, with minimum coverage at $68 and full coverage soaring to $174. This spectrum highlights the range of costs Tesla Model 3 owners might encounter when choosing an insurance provider, underscoring the importance of comparing rates to find the best coverage fit.

Notably, providers like Amica Mutual and Farmers also show a wider gap between their minimum and full coverage rates, indicating a significant increase in premium for comprehensive protection.

Tesla Model 3 Insurance Cost

The cost of insuring a Tesla Model 3 averages about $150 per month. This figure reflects the typical monthly premium that owners can expect to pay for auto insurance coverage, highlighting the specific financial commitment required to protect this model of electric vehicle.

Tesla Model 3 Auto Insurance Monthly Rates by Coverage Type

Overall, the monthly insurance rate for a Tesla Model 3 stands at $150, with variations depending on factors such as deductible amounts and driver risk profiles. Discover insights in our article titled “Auto Insurance Deductibles.”

Are Tesla Model 3s Expensive to Insure

The chart below details how Tesla Model 3 insurance rates compare to other electric luxury sedans like the Tesla Model S.

Tesla Model 3 Auto Insurance Monthly Rates vs. Similar Vehicles by Coverage Type

However, there are a few things you can do to find the cheapest Tesla insurance rates online.

Read More: Best Tesla Model S Auto Insurance

What Impacts the Cost of Tesla Model 3 Insurance

The specific trim and model of your Tesla Model 3 play significant roles in determining the overall cost of your auto insurance coverage. Each variant of the Model 3 may feature different levels of performance, safety features, and technology, which insurers consider when setting premiums. Delve into our evaluation of our article titled “Understanding Auto Insurance Premiums.”

As such, choosing a higher-end model or trim with more advanced features could result in higher insurance costs.

Age of the Vehicle

Older Tesla Model 3 models generally cost less to insure. For example, auto insurance for a 2020 Tesla Model 3 costs $150 per month, while 2018 Tesla Model 3 insurance costs are $145 per month, a difference of $5.

Tesla Model 3 Auto Insurance Monthly Rates by Age of the Vehicle

As demonstrated, the age of a Tesla Model 3 significantly impacts insurance costs, with older models typically being cheaper to insure than newer ones.

Driver Age

Driver age can have a significant effect on Tesla Model 3 auto insurance rates. For example, 20-year-old drivers pay about $184 more per month for their Tesla Model 3 auto insurance than 30-year-old drivers.

Tesla Model 3 Auto Insurance Monthly Rates by Age

The age of the driver is a crucial factor in determining Tesla Model 3 insurance rates, with younger drivers typically facing significantly higher premiums.

Driver Location

Where you live can have a large impact on Tesla Model 3 insurance rates. For example, drivers in Jacksonville may pay approximately $90 a month more than drivers in Indianapolis.

Tesla Model 3 Auto Insurance Monthly Rates by City

Thus, your location significantly influences Tesla Model 3 insurance rates, with premiums varying dramatically between cities. Discover more about offerings in our article titled “Do auto insurance companies check where you live?”

Your Driving Record

Your driving record can have an impact on the cost of Tesla Model 3 auto insurance. Teens and drivers in their 20’s see the highest jump in their Tesla Model 3 auto insurance with violations on their driving record.

Tesla Model 3 Auto Insurance Monthly Rates by Age & Driving History

Ultimately, your driving record significantly influences Tesla Model 3 insurance costs, with younger drivers and those with violations or accidents facing notably higher premiums.

Tesla Model 3 Safety Ratings

Your Tesla Model 3 auto insurance rates are tied to the safety ratings of the Tesla Model 3. See the breakdown below:

Tesla Model 3 Safety Ratings

Thus, the excellent safety ratings of the Tesla Model 3 can favorably influence your auto insurance rates, reflecting its high level of protection. Access comprehensive insights into our article titled “Factors That Affect Auto Insurance Rates.”

Tesla Model 3 Crash Test Ratings

Good Tesla Model 3 crash test ratings mean the VW is safer, which could mean cheaper Tesla Model 3 auto insurance rates.

Tesla Model 3 Crash Test Ratings

Consistently high crash test ratings across various models of the Tesla Model 3 suggest potential savings on auto insurance due to the vehicle’s proven safety record.

Tesla Model 3 Safety Features

Having a variety of safety features on your Tesla Model 3 can help lower your Tesla Model 3 insurance costs. The Tesla Model 3’s safety features include:

• Air Bags
• 4-Wheel ABS and Disc Brakes
• Brake Assist
• Stability Control and Daytime Running Lights
• Blind Spot Monitor, and More

The comprehensive suite of safety features in the Tesla Model 3 not only enhances protection but can also significantly reduce insurance premiums.

Tesla Model 3 Finance and Insurance Cost

When financing a Tesla Model 3, lenders typically mandate more comprehensive insurance coverage to protect their investment. This includes options like collision and comprehensive coverage, which cover a range of potential damages beyond standard liability. Check out insurance savings in our complete “Collision vs. Comprehensive Auto Insurance.”

As these requirements can significantly affect your insurance premiums, it’s crucial to compare rates from top insurers. Utilize available tools to ensure you get the best deal on auto insurance for your financed Tesla Model 3, aligning both cost and coverage needs effectively.

5 Ways to Save on Tesla Model 3 Insurance

There are many ways that you can save on Tesla Model 3 auto insurance. Below are five actions you can take to find cheap Tesla Model 3 auto insurance rates.

• Move to the countryside.
• Talk to your credit card company to save on rental car costs.
• Don’t always pick the cheapest Tesla Model 3 insurance policy.
• Wait six years for accidents to disappear from your record.
• Buy a dashcam for your Tesla Model 3.

To effectively reduce your Tesla Model 3 auto insurance costs, consider implementing practical strategies such as relocating to less urban areas or investing in a dashcam. While seeking out the cheapest policy is tempting, ensuring that your coverage meets your needs is crucial for long-term savings and security. Learn more in our guide titled “What are the benefits of a dashcam?”

Top Tesla Model 3 Insurance Companies

Who is the best auto insurance company for Tesla Model 3 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Tesla Model 3 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Tesla Model 3 offers.

Tesla Model 3 Auto Insurance Providers by Market Share

Selecting the best auto insurance provider for your Tesla Model 3 involves considering factors such as market share and the specific discounts offered for safety and security features.

With companies like State Farm, Geico, and Progressive leading in market share, they represent reliable options that balance extensive coverage with competitive rates for Tesla Model 3 owners. See more details on our article titled “Geico vs. State Farm Auto Insurance.”

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