Average Auto Insurance for Tesla Model 3

Introduction

The Tesla Model 3 is the latest electric car to hit the market. It has become quite popular due to its sleek design, advanced technology, and impressive performance. With the increasing popularity of electric vehicles, the demand for auto insurance for the Tesla Model 3 has also grown significantly. But what is the average auto insurance cost for the Tesla Model 3?

Factors That Affect Auto Insurance Rates

Auto insurance rates vary depending on several factors, including the make and model of the car, the driver’s age, driving record, and credit score. Rates also depend on the type of coverage the driver is looking for. For example, if the driver wants full coverage, then the rates will be higher than if they opt for a basic liability policy. The state and city where the car will be driven also have an impact on the auto insurance rates.

Average Auto Insurance for Tesla Model 3

The cost of auto insurance for a Tesla Model 3 will vary from person to person, depending on the factors mentioned above. However, the average auto insurance rate for the Tesla Model 3 is around $1,695 per year. This is slightly higher than the national average of $1,548 per year.

Factors That Can Lower the Auto Insurance Rates

Although the average rate for the Tesla Model 3 is higher than the national average, there are a few ways to lower the cost. Drivers can take advantage of discounts such as good student, safe driver, and multi-car discounts. Drivers can also opt for a higher deductible as this will decrease the monthly premiums. Additionally, drivers can look for auto insurance companies that offer discounts for electric vehicles.

Conclusion

The average auto insurance rate for the Tesla Model 3 is around $1,695 per year. However, there are a few factors that can lower the cost, such as taking advantage of discounts, opting for a higher deductible, and looking for auto insurance companies that offer discounts for electric vehicles. By taking the time to research and compare auto insurance rates, drivers can find an affordable policy to protect their Tesla Model 3.