, far above the average cost of $652 per year for all car models sold in the U.S. Note that maintenance costs may be slightly different for a Model 3 than for a Tesla Model Y or Model X. Is insurance for a Tesla Model 3 expensive? The Tesla Model 3 is almost always more expensive to insure than the average vehicle. That’s due to the aluminum body construction, advanced technology features and steep cost of battery replacements. Are Teslas expensive to repair? The cost to replace a Tesla Model 3 battery can run up to $20,000. In addition to the high cost of a battery replacement, Teslas are made out of aluminum, which is more expensive to replace than traditional fiberglass bodies. Also, Tesla requires its cars to head to company-approved collision centers if they get damaged in car accidents, limiting your ability to shop around for low repair prices. Our Methodology Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list. Here are the factors our ratings take into account: Coverage (30% of total score): Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs. Cost and Discounts (25% of total score): Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities are both taken into consideration. Industry Standing (20% of total score): Our research team considers market share, ratings from industry experts and years in business when giving this score. Customer Experience (15% of total score): This score is based on volume of complaints reported by the National Association of Insurance Commissioners (NAIC) and customer satisfaction ratings reported by J.D. Power. We also consider the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis. Availability (10% of total score): Auto insurance companies with greater state availability and few eligibility requirements score highest in this category. Our credentials: