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Frequently Asked Questions
How much does Tesla Model 3 insurance cost?
Tesla Model 3 insurance costs an average of $2,100 to $2,600 per year, or about $175-217 per month. This is approximately 15% more than comparable gas sedans due to higher repair costs.
Is electric car insurance more expensive?
Yes, EV insurance typically costs 10-25% more than comparable gas vehicles due to higher repair costs, expensive battery replacement, and fewer certified repair shops. However, EVs often have lower theft rates.
Does Tesla offer its own insurance?
Yes, Tesla Insurance is available in select states (CA, TX, IL, OH, and others). It uses real-time driving behavior data and can be up to 20-30% cheaper than traditional insurers for safe drivers.