As cancer has become increasingly more prevalent in our society, cancer prevention research has evolved toward placing a greater emphasis on reducing cancer deaths and minimizing the adverse consequences of having cancer. “Precision cancer prevention” takes into account the collaboration of intrinsic and extrinsic factors for influencing cancer incidence and aggressiveness in the context of the individual, as well as the recognition that such knowledge can improve early detection and more accurate discrimination of cancerous lesions. The premise of this review is that analyses of mouse models can greatly augment precision cancer prevention. However, as of now, mouse models, and particularly genetically-engineered mouse (GEM) models, have yet to be fully integrated into prevention research. Herein we discuss opportunities and challenges for “precision mouse modeling”, including their essential criteria of mouse models for prevention research, representative success stories, and opportunities for the more refined analyses in future studies.