Estimated Insurance For Tesla Model 3

Overview

Tesla Model 3 is the latest electric vehicle from Elon Musk's Tesla Motors. It is the most affordable Tesla car with a starting price of $35,000 before any tax credits or incentives. It has a range of up to 310 miles and can go from 0-60mph in just 4.5 seconds. The Model 3 also features Autopilot, a semi-autonomous driving system with features such as lane keeping and adaptive cruise control. But what about the insurance? How much does it cost to insure a Tesla Model 3?

Estimated Insurance Costs

Insurance for the Tesla Model 3 can vary depending on a number of factors, including the driver's age, driving history, location and other factors. However, the average estimated insurance rate for a Tesla Model 3 is $1,400 a year. This is slightly higher than the average insurance rate for a traditional gasoline-powered vehicle, which is estimated at around $1,200 a year.

Factors Affecting Insurance Rates

When it comes to insurance rates, there are a few factors that can affect the cost of insuring a Tesla Model 3. One of the most important factors is the driver's age: younger drivers are generally charged higher rates than older drivers. Additionally, the driver's driving record can affect the insurance rate, as drivers with a history of accidents or speeding tickets will be charged higher rates. Location is also an important factor, as insurance rates can vary significantly from state to state.

Discounts & Incentives

In addition to the factors listed above, there are a few discounts and incentives that can help lower insurance rates for the Tesla Model 3. For example, some insurers offer a multi-vehicle discount if the driver owns more than one car. Additionally, some insurers offer a discount for drivers with a clean driving record. Finally, some insurers may offer discounts for drivers who purchase their insurance through the Tesla website.

Conclusion

Insurance for the Tesla Model 3 can vary depending on a variety of factors, including the driver's age, driving record, location and other factors. On average, the estimated insurance rate for the Model 3 is $1,400 a year. However, there are a few discounts and incentives that can help lower the insurance rate, such as a multi-vehicle discount, a clean driving record discount and a discount for purchasing insurance through Tesla's website.