Tesla insurance costs vary significantly across models and locations. The Model 3 is the most affordable to insure at $2,221 annually ($185 monthly), while the Model X costs the most at $3,831 annually ($319 monthly). For comparison, insuring a 3-year-old Toyota Camry averages $2,294 annually.

Key factors affecting Tesla insurance costs:

• Vehicle cost ($38,990 - $79,990 base prices)
• Expensive repair costs (battery replacement ~$13,000)
• Aluminum body construction
• Limited repair facilities (Tesla service centers only)
• Location-specific rates

Tesla Insurance, available in 12 states, determines rates using:

• Real-time driving behavior
• Safety Score (0-100)
• Miles driven
• Location
• Vehicle model
• Coverage selected
• Number of insured vehicles

The company claims to offer ~20% savings compared to traditional insurers. Unlike other providers, Tesla Insurance doesn't consider:

• Age
• Gender
• Credit history
• Accident history
• Traffic violations

Cheapest insurance providers by model:

• Model 3: Travelers ($149/month)
• Model Y: Nationwide ($171/month)
• Model S: Travelers ($216/month)
• Model X: Progressive ($231/month)

To find the best rates:

• Compare multiple insurers
• Consider regional companies
• Check Tesla Insurance if available in your state
• Review coverage needs carefully
• Look beyond price at service quality

All rates mentioned are for full coverage insurance with good driving history and credit. Individual rates will vary based on personal factors and location.

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