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Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring an Tesla Model 3 Long Range is $2,543 per year or $212 per month. However, these rates can vary depending on your location, driving history, age, and other factors.
The auto insurance rates also change based on the vehicle’s model year. For example, the 2022 Tesla Model 3 Long Range costs $2,543 per year, whereas the 2021 Tesla Model 3 Long Range costs $2,349 annually. State Farm offers the cheapest annual rate for 2022 Tesla Model 3 Long Range at $1,494 per year.
Keep reading to learn more about which state offers the cheapest car insurance rates based on model year and which model year is the cheapest to insure amongst all the models surveyed by Insurance.com.
Average insurance cost of Tesla Model 3 Long Range by model year
| Year of Tesla Model 3 Long Range model | Average cost to insure |
|---|---|
| 2022 | $2,543 |
| 2021 | $2,349 |
| 2020 | $2,376 |
Compare Tesla Model 3 Long Range insurance rates by state
| Company | Style | Average annual premium |
|---|---|---|
| State Farm | 4 Door Sedan | $1,601 |
| Nationwide | 4 Door Sedan | $3,035 |
| Farmers | 4 Door Sedan | $3,436 |
| Progressive | 4 Door Sedan | $3,524 |
| Geico | 4 Door Sedan | $3,650 |
| Allstate | 4 Door Sedan | $3,716 |
Tesla Model 3 Long Range insurance rates per year
2022 Tesla Model 3 Long Range insurance rates
Rank Company Average annual premium 1 State Farm $1,494 2 Nationwide $2,067 3 Progressive $2,622 4 Farmers $2,734 5 Geico $2,776 6 Allstate $3,563 2021 Tesla Model 3 Long Range insurance rates
Rank Company Average annual premium 1 State Farm $1,358 2 Progressive $1,839 3 Nationwide $1,874 4 Geico $2,561 5 Farmers $2,751 6 Allstate $3,712 2020 Tesla Model 3 Long Range insurance rates
Rank Company Average annual premium 1 State Farm $1,284 2 Progressive $1,862 3 Nationwide $2,077 4 Geico $2,518 5 Farmers $2,865 6 Allstate $3,650
