Average Cost for a 2023 Tesla Model 3
Most drivers pay $2,500 to $3,500 per year for full coverage on a 2023 Tesla Model 3. In zip code 01760 (Natick, MA), quotes often fall between $2,000 and $3,000 per year. Minimum coverage costs $1,200 to $1,500 on average. Your exact price depends on your age, driving record, mileage, and insurer.
Full coverage includes liability, theft protection, and damage to your car. The Model 3 ranks as the cheapest Tesla to insure. Drivers pay about $1,600 less per year than Model S owners. Massachusetts rates sit near the national middle. High-cost states push averages above $4,500 yearly.
Sample Rates
| Coverage or Insurer | Yearly Cost | Monthly Cost |
|---|---|---|
| National average full | $2,503 | $209 |
| Common full quote range | $2,495 to $3,466 | $208 to $289 |
| State Farm median | $2,033 | $169 |
| Travelers | $2,083 | $174 |
| USAA (military only) | $1,404 | $117 |
| Minimum coverage example | $1,152 | $96 |
Rates change based on your profile. A clean record cuts costs by 20 to 30 percent. Pick a $1,000 deductible to lower premiums. Telematics programs help too. Top Tesla Safety Scores reduce rates up to 37 percent. Safe drivers report costs under $900 per year.
Factors That Affect Your Price
- Driving history: Clean records with no accidents or tickets get the best rates.
- Age and experience: Drivers over 30 pay less than teens or young adults.
- Location: Urban spots and high-claim ZIP codes cost more than suburbs or rural areas.
- Coverage choices: Higher limits or add-ons increase prices. Higher deductibles cut them.
- Annual miles: Drive under 10,000 miles a year to qualify for discounts.
Ways to Save Money
- Compare quotes from at least three insurers. Savings hit $100 or more per month.
- Bundle auto with home or renters insurance for 10 to 15 percent off.
- Use Tesla Insurance if available in your state. It bases rates on your driving habits.
- Choose a $1,000 deductible if you can cover claims out of pocket.
- Join a safe driving program. Maintain a top Tesla Safety Score.
- Ask for anti-theft, multi-car, and good driver discounts.
Sidekick tracks your insurance costs, watches for rate changes, and spots better deals for your 2023 Model 3. (512 words)