What insurance do you use and how much are your monthly premiums?

Tesla Insurance Forum
1

I’m shopping for insurance for a Tesla Model 3 with 2WD and no additional features. Despite having nearly 20 years of driving experience with no tickets or accidents, my quotes are consistently between $350 and $450 per month. I live in Los Angeles, California. Are these rates normal?

2

If you’re in California, Tesla insurance is likely your best bet. It’s often cheaper than other providers. I’ve heard good things about Costco’s insurance, but they don’t offer it in California anymore.

3

@Morgan
I used Costco for a while, but their billing system was frustrating. I also heard their claims process for Teslas isn’t great.

4

I’m in my mid-40s and drive a 2019 Model 3 LR. Despite a couple of minor accidents in the past decade, I pay $141/month for Tesla insurance in LA. That’s for 100k/300k coverage with a $500 deductible.

5

Blane said:
I’m in my mid-40s and drive a 2019 Model 3 LR. Despite a couple of minor accidents in the past decade, I pay $141/month for Tesla insurance in LA. That’s for 100k/300k coverage with a $500 deductible.

Which company is that with?

6

@Vance
Tesla insurance in California.

7

In the Bay Area, I use Tesla Insurance and pay $200/month for 100/300/100 coverage with $1,000 deductibles for collision and comprehensive.

8

Charlie said:
In the Bay Area, I use Tesla Insurance and pay $200/month for 100/300/100 coverage with $1,000 deductibles for collision and comprehensive.

Thanks for sharing! What model do you drive, and is the rate still consistent?

9

I’m in Riverside County and switched to Tesla insurance. I pay $180/month with better coverage compared to Geico, which was $175/month but had lower limits. I wasn’t happy with Geico after being with them for over 10 years.

10

$73.74/month with Tesla insurance and a 98 safety score. I have a $500 deductible. Location plays a big role in premiums.

11

Wynter said:
$73.74/month with Tesla insurance and a 98 safety score. I have a $500 deductible. Location plays a big role in premiums.

That’s impressively low. Is it mainly because of your zip code?

12

@DisasterDavid
Zip code and mileage are huge factors. If your rates are that high, maybe reconsider buying a Tesla.

13

I pay $133/month for my 2023 Model 3 RWD in northern Virginia with USAA. I drive around 6,000 miles per year. Location seems to be a key factor for rates.

14

I’m 23, live in Atlanta, and pay $223/month with Progressive for a Model 3.

15

I’m paying $300/month for Tesla insurance in California. I had a minor fender bender over a year ago that wasn’t reported to the police but still seems to affect my rates.

16

I use Travelers and pay $164/month for my car and my partner’s car. I also have glass and gap coverage.

17

When I lived in Chicago, Tesla insurance cost me $110/month. After moving to New Mexico, where Tesla insurance isn’t available, my cheapest quote is $350/month.

18

Sparrow said:
When I lived in Chicago, Tesla insurance cost me $110/month. After moving to New Mexico, where Tesla insurance isn’t available, my cheapest quote is $350/month.

You might want to try Allstate in New Mexico.

19

I pay $240/month with Costco insurance. It was $220 initially but went up after six months. I have six years of driving experience and no accidents.