Automotive
Tesla Model 3 faces high insurance premiums despite safety ratings
Tesla Model 3 full-coverage insurance averages $308 monthly, according to reporting by Jalopnik citing comparison data.
The short version
- Insurify data indicates the average full-coverage insurance cost for a Tesla Model 3 reaches $308 monthly, or $3,696 per year.[Jalopnik]
- The Model 3 achieved a Top Safety Pick score in 2025 after previously holding Top Safety Pick+ awards from 2020 through 2023.[Jalopnik]
- Higher insurance expenses align with claim rates, as Model 3 drivers file 25.45% of claims despite holding a 14.6% market share.[Jalopnik]
- Industry data from Mitchell notes electric vehicle repairs remain 25% costlier than those for conventional gas-powered vehicles.[Jalopnik]
Key facts
- The Tesla Model 3 earned a Top Safety Pick score in 2025 after receiving Top Safety Pick+ honors from 2020 through 2023.[Jalopnik]
- Full-coverage insurance for a Tesla Model 3 averages $308 per month or $3,696 annually, according to Insurify data.[Jalopnik]
- Claims data from Insurify indicates Model 3 drivers make 25.45% of insurance claims while representing 14.6% of market share.[Jalopnik]
- Claims management firm Mitchell reports electric vehicle repairs are 25% higher than gas car repairs due to calibration needs and electrical complexity.[Jalopnik]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.