Tesla launched its insurance product in 2019.
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- Teslas cost more to insure than other cars, with the Model 3 being the cheapest to cover.
- As of mid-2024, the average price per month for Tesla insurance was $329, factoring in all models.
- Take a look at how much rates vary across Tesla models compared to an average car.
Teslas can be more expensive to insure than other cars, although it can depend on factors that include the state you live in, the model, your age, and your driving history.