Tesla's 'Affordable' Model 3 Costs a Bundle to Insure, Study Claims

The Model 3 was intended to be Tesla’s affordable alternative for the mass market and, for the most part, that’s what it has been. Granted, the automaker did opt to prioritize the production of higher trim levels as a way to maximize profitability. But, given its financial situation, it was an understandable strategy. The Model 3 is still the cheapest way to get into a Tesla. However, it’s not the cheapest vehicle to own — especially when it comes to insurance rates.

Last year, AAA said premiums on Tesla vehicles would likely go up 30 percent after reviewing data from the Highway Loss Data Institute. At the time, Tesla said the analysis was “severely flawed and is not reflective of reality.” But the auto club stated the HLDI’s findings matched its own research, as well as numerous other sources.

“Looking at a much broader set of countrywide data, we saw the same patterns observed in our own data, and that gave us the confidence to change rates,” said Anthony Ptasznik, chief actuary of AAA.

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  • Wayne that pict is NOT a small truck, it's a station wagon with a bed.
  • Azfelix Spotify only for me. I have zero preprogrammed settings on FM or AM bands on my car radio. I can listen to emergency broadcasts on my solar/hand crank/rechargeable battery powered AM/FM/shortwave radio that is stored in a Faraday box.
  • Joe Chiaramonte Although in some markets, some AM news stations are simulcasting on FM, FM doesn’t offer similar coverage. FM signals are limited by terrain, AM signals are not. In a disaster, losing AM will eventually matter. AM signals also “skip” on the ionosphere at night, allowing much deeper coverage. From the California central coast at night I can listen to stations in Seattle, Salt Lake City, Reno, Sacramento, San Francisco, San Diego and Los Angeles.
  • Tassos There is good reason this utter pos is in a junkyard.Let it be there and I hope it is soon crushed.
  • Tassos I never ever listen to AM. What a fossil!I seldom even listen to FM radio.I also never had SIRIUS and when I bought a car with the hardware thrown in as a 'gift" I never used it and was actually annoyed at the silly little box that stuck out of the wonderful, luxurious dashboard of my "magnificent 7".Our library has a huge collection of fiction and non-fiction on tape. I have took advantage of long business trips to listen to books I would not have the patience to read at home (Philosophy the no 1 example or Serious History and Biography.And when I feel like music, usually CLASSICAL, either on FM or on CDs.