Tesla Model Y Car Insurance Cost In 2024

If you’re looking to insure a Tesla Model Y, it typically costs about $698 per year with Plymouth Rock Assurance. However, keep in mind that insurance costs can vary based on factors like age, the car’s model year, and other personal details. You can use our quote tables below to get a more accurate estimate for your specific situation.

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Updated: 11 October 2024
Written by Bob Phillips
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If you’re thinking about buying a Tesla Model Y, you’ll need to factor in the cost of insurance, which is a crucial aspect of owning a car. It’s essential to understand your insurance options before making a purchase decision to avoid unexpected expenses in case of accidents. Having inadequate coverage could result in significant out-of-pocket costs. Additionally, if you’re responsible for an accident, your insurance premiums may increase.

With my experience analyzing car insurance rates over the years, I’ve observed that these costs can fluctuate significantly. Your age, driving history, and location are among the factors that can heavily impact your insurance premiums. Therefore, it’s crucial to consider these factors when evaluating insurance options for your Tesla Model Y.

How Much Does Tesla Model Y Car Insurance Cost?

Typically, Plymouth Rock Assurance provides the best deal with an average annual rate of $698 for comprehensive insurance coverage on a 2024 Tesla Model Y.

While Plymouth Rock Assurance’s pricing serves as a good point of reference, it’s essential to recognize that the cost of auto insurance can fluctuate significantly based on various factors. These factors encompass your geographical location, driving track record, the model year of your vehicle, and the specific coverage options you select. Maintaining a clean driving history typically results in lower premiums, whereas a past marked by accidents or traffic violations can drive up your insurance expenses.

Moreover, residing in urban areas with heavy traffic often leads to higher insurance rates compared to rural locales with less congestion. Your choice of coverage also plays a crucial role in determining your premium costs – comprehensive insurance, encompassing both comprehensive and collision coverage, tends to be pricier than basic liability coverage.

Insuranceopedia stands ready to aid you in navigating the insurance market, enabling you to compare quotes from different providers and secure the most advantageous deal.

2024 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
New York Central Mutual Fire $1,205
Nationwide $1,937
Unitrin $1,527
SECURA Insurance $1,378
Plymouth Rock Assurance $698
Capital Insurance Group $1,270
Safeco $1,126
National General $1,601
USAA $1,844
PEMCO $1,428

2023 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
Safeco $704
SECURA Insurance $1,367
Capital Insurance Group $1,260
New York Central Mutual Fire $1,222
Victoria $274
Texas Farm Bureau Group $763
Mercury Insurance $491
Plymouth Rock Assurance $1,285
Nationwide $1,330
Farm Bureau Mutual (IA Group) $1,254

2022 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
Mercury Insurance $811
North Carolina Farm Bureau $1,265
Texas Farm Bureau Group $1,124
American National P $1,057
Victoria $265
Virginia Farm Bureau $956
NatGen Advantage $664
Safeco $1,208
Capital Insurance Group $1,262
Indiana Farmers Mutual Ins $1,120

2021 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
Kemper Auto $894
Kemper Auto | Infinity $1,122
Plymouth Rock Assurance $976
United Farm Bureau of IN Group $946
Victoria $236
Texas Farm Bureau Group $900
Safeco $818
Pekin Insurance $990
Buckeye Insurance Group $1,046
Mercury Insurance $957

2020 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
Mercury Insurance $1,207
PEMCO $2,034
California Capital $1,952
Auto-Owners Insurance Co $1,419
Safeco $389
SECURA Insurance $1,387
Pekin Insurance $952
Mutual Of Enumclaw $1,916
Oregon Mutual $2,003
Capital Insurance Group $1,783

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Cost of Tesla Model Y Car Insurance By Age

Drive Age Good Driver Recent Accident Poor Credit
17 $14,954 $21,991 $25,703
18 $13,949 $20,479 $23,949
19 $12,344 $18,094 $21,180
20 $10,710 $15,755 $18,466
21 $9,027 $13,243 $15,511
22 $8,776 $12,902 $15,085
23 $7,687 $11,292 $13,180
24 $7,300 $10,714 $12,531
25 $6,298 $9,248 $10,837
30 $4,921 $7,193 $8,433
35 $4,611 $6,741 $7,930
40 $4,414 $6,489 $7,591
45 $4,293 $6,313 $7,366
55 $3,926 $5,786 $6,756
65 $4,118 $6,038 $7,098
75 $5,224 $7,625 $8,886

Tesla Model Y Car Insurance Rates By State

State Good Driver Recent Accident Poor Credit
Alabama $4,685 $6,797 $8,637
Alaska $3,903 $5,403 $5,222
Arizona $4,377 $6,335 $9,338
Arkansas $4,810 $7,543 $8,307
California $5,339 $9,479 $5,330
Colorado $4,988 $6,971 $8,847
Connecticut $6,388 $9,890 $12,503
Delaware $5,258 $7,060 $9,043
Florida $6,285 $8,726 $11,336
Hawaii $2,054 $2,798 $2,045
Idaho $3,550 $4,706 $5,751
Illinois $3,757 $5,604 $6,444
Indiana $3,789 $5,817 $6,557
Iowa $3,035 $4,171 $4,886
Kansas $4,029 $5,888 $6,873
Kentucky $5,773 $8,530 $10,080
Louisiana $7,505 $11,299 $12,263
Maine $2,802 $3,888 $5,798
Maryland $4,584 $6,650 $7,422
Massachusetts $3,641 $6,422 $3,659
Michigan $8,833 $13,479 $21,261
Minnesota $3,661 $4,844 $6,865
Mississippi $4,390 $6,272 $6,322
Missouri $4,150 $5,905 $7,775
Montana $4,214 $5,876 $6,812
Nebraska $3,589 $5,233 $5,732
Nevada $5,868 $8,710 $9,192
New Hampshire $4,076 $6,453 $8,185
New Jersey $4,496 $7,071 $9,201
New Mexico $4,622 $6,842 $7,101
New York $4,234 $5,347 $8,962
North Carolina $2,631 $4,530 $3,273
North Dakota $3,616 $5,462 $6,492
Ohio $3,255 $4,984 $5,079
Oklahoma $5,151 $7,368 $8,323
Oregon $4,674 $6,251 $7,495
Pennsylvania $3,941 $5,753 $6,790
Rhode Island $6,564 $9,687 $10,855
South Carolina $4,485 $6,208 $8,558
South Dakota $4,015 $5,741 $6,667
Tennessee $4,686 $6,917 $9,260
Texas $4,740 $6,858 $8,513
Utah $4,048 $5,675 $7,774
Vermont $3,094 $4,797 $5,063
Virginia $2,928 $4,520 $4,421
Washington $3,886 $5,264 $6,294
West Virginia $3,898 $5,613 $7,000
Wisconsin $3,858 $6,065 $6,927
Wyoming $3,611 $5,127 $5,426
Georgia $5,118 $7,652 $7,737

Compare Tesla Model Y To Other Tesla Models

Looking for other Tesla model insurance costs?

 

Our Methodology

To ensure accurate and trustworthy insurance company ratings, I employed a detailed methodology. I assess numerous insurers, utilizing insights from reputable review sites and critical metrics from industry authorities such as A.M. Best and J.D. Power. With my 15 years of experience as an insurance agent, I enhance our analysis with firsthand knowledge, ensuring our ratings are reliable guides for your insurance decision-making process.

105

Quotes Analyzed

58

Brands Reviewed

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Research Hours

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Years Of Experience

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