Prachi Singh Written by Prachi Singh
Contributing Researcher

Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.


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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 modelAverage cost to insure
2022$2,543
2021$2,349
2020$2,376
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Compare Tesla Model 3 Long Range insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
State Farm4 Door Sedan$1,601
Nationwide4 Door Sedan$3,035
Farmers4 Door Sedan$3,436
Progressive4 Door Sedan$3,524
Geico4 Door Sedan$3,650
Allstate4 Door Sedan$3,716

Tesla Model 3 Long Range insurance rates per year

2022

2022 Tesla Model 3 Long Range insurance rates

Average cost to insure $2,543
Annual cheapest rate $1,494
Available trims n/a
RankCompanyAverage annual premium
1State Farm$1,494
2Nationwide$2,067
3Progressive$2,622
4Farmers$2,734
5Geico$2,776
6Allstate$3,563
2021

2021 Tesla Model 3 Long Range insurance rates

Average cost to insure $2,349
Annual cheapest rate $1,358
Available trims n/a
RankCompanyAverage annual premium
1State Farm$1,358
2Progressive$1,839
3Nationwide$1,874
4Geico$2,561
5Farmers$2,751
6Allstate$3,712
2020

2020 Tesla Model 3 Long Range insurance rates

Average cost to insure $2,376
Annual cheapest rate $1,284
Available trims n/a
RankCompanyAverage annual premium
1State Farm$1,284
2Progressive$1,862
3Nationwide$2,077
4Geico$2,518
5Farmers$2,865
6Allstate$3,650

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