Tesla Model 3 Insurance Cost California – All You Need to Know

Introduction

The Tesla Model 3, Tesla's much-anticipated entry-level electric car, has been available for purchase since July 2017. With its advanced technology, sleek design, and affordable price, it's no wonder why the Model 3 has been so popular. But one of the most important factors that people consider when buying a car is the insurance cost. So, how much does it cost to insure a Tesla Model 3 in California?

Overview of Tesla Model 3 Insurance Cost in California

Insuring a Tesla Model 3 in California is slightly more expensive than insuring a traditional gasoline-powered car. The average annual insurance cost for a Tesla Model 3 in California is $2,573, according to the website Insure.com. This is slightly more expensive than the national average of $2,305. If you're looking to save money on your insurance premiums, it's important to shop around and compare quotes from different insurers.

Factors That Affect Tesla Model 3 Insurance Cost in California

The cost of insuring a Tesla Model 3 in California is affected by several factors, including the driver's age, driving record, and credit score. Young drivers tend to pay more for insurance, as do drivers with a poor driving record or low credit score. Additionally, the cost of insurance can also be affected by the type of coverage you choose. Full coverage policies, which include comprehensive and collision coverage, tend to be more expensive than basic liability policies.

Average Cost of Tesla Model 3 Insurance by Age

The average cost of insuring a Tesla Model 3 in California varies depending on the driver's age. Generally speaking, younger drivers tend to pay more for car insurance than older drivers. According to Insure.com, the average annual insurance cost for a Tesla Model 3 in California is $2,573 for a driver aged 30-59, $3,052 for a driver aged 25-29, and $3,589 for a driver aged 20-24.

Average Cost of Tesla Model 3 Insurance by Credit Score

Your credit score can also have an impact on the cost of insuring a Tesla Model 3 in California. Drivers with excellent credit scores tend to pay less for car insurance than those with poor credit scores. Insure.com estimates that the average annual insurance cost for a Tesla Model 3 in California is $2,621 for drivers with excellent credit, $3,062 for drivers with good credit, and $3,543 for drivers with poor credit.

How to Get the Best Rates on Tesla Model 3 Insurance in California

If you're looking to save money on your car insurance premiums, it's important to shop around and compare quotes from different insurers. By comparing quotes, you can find the best rates for your Tesla Model 3 in California. Additionally, you can also save money by increasing your deductible, reducing coverage on older cars, or bundling your car insurance with other types of insurance policies. Finally, you can also take advantage of discounts offered by some insurers, such as discounts for good drivers, safe drivers, and multi-car households.