Can You Tell Me About the Cost of Insuring a Tesla Model 3 for the Year 2022?

We found that the cheapest annual insurance premium for a Tesla Model S was $789, or $66 monthly.

Auto insurance for a Tesla Model 3 is $16 more expensive than for a Chevrolet Malibu

and $10 more expensive than for a Toyota Camry or Honda Accord, but it is $102 cheaper than for a Nissan Altima or a Nissan Sentra.

While insurance for a non-electric car costs about $289 per month on average,

insurance for a Tesla Model 3 is closer to $318 per month, for a total annual cost of $3,816.

To insure a Tesla Model S with the bare minimum coverage required by your state will set you back about $789 per year, or $66 per month.

The average annual cost to insure a Tesla Model 3 for a 40-year-old male with a perfect driving record living in Scottsdale, Arizona is $2,555.76. This comes to $212.98 per month.

That's a lot more than the median annual premium for a driver age 40, which comes to $1,712.

Depending on your driving record, the safety features installed in your vehicle,

and the insurance company you go with, some models may be cheaper to insure than others.

The Model S was the Tesla that really got the company noticed.

The average annual insurance premium for this high-end sedan begins at $3,673 for the base model with a long driving range.

which can also increase premiums. Ultimately, it all adds up to higher insurance rates for Tesla owners.