That wasn’t true for us. The Model 3 was a small increment over the 20-year-old Honda it replaced. And considering one was worth $55K and the other maybe $2K, that seemed a good deal. The USAA rep said that Tesla’s safety features and near-impossibility to steal both reduce risk, reflected in premiums.Then why does it cost twice as much to insure a Tesla than any other sedan or compact?. Model 3 cost double the insurance premium than my 2018 accord.