Tesla Model Y Car Insurance Cost In 2024
If you’re looking to insure a Tesla Model Y, it typically costs about $738 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.
We’ve saved shoppers an average of $600 per year on their car insurance.
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 $738 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 |
| Plymouth Rock Assurance | $738 |
| New York Central Mutual Fire | $1,237 |
| Capital Insurance Group | $1,273 |
| PEMCO | $1,426 |
| Bristol West | $1,498 |
| USAA | $1,813 |
| Unitrin | $1,567 |
| Allied | $1,846 |
| Unigard | $1,978 |
| Erie | $1,998 |
2023 Tesla Model Y Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $511 |
| Safeco | $746 |
| Victoria | $293 |
| Farm Bureau Mutual (IA Group) | $1,256 |
| Texas Farm Bureau Group | $750 |
| New York Central Mutual Fire | $1,241 |
| Plymouth Rock Assurance | $1,345 |
| Capital Insurance Group | $1,257 |
| Unitrin | $1,418 |
| Nationwide | $1,366 |
2022 Tesla Model Y Insurance Rates
| Insurance Provider | Average Annual Cost |
| NatGen Advantage | $640 |
| Mercury Insurance | $830 |
| Indiana Farmers Mutual Ins | $1,135 |
| Victoria | $270 |
| Texas Farm Bureau Group | $1,146 |
| American National P | $1,083 |
| Capital Insurance Group | $1,276 |
| Virginia Farm Bureau | $980 |
| NatGen Value | $1,270 |
| North Carolina Farm Bureau | $1,281 |
2021 Tesla Model Y Insurance Rates
| Insurance Provider | Average Annual Cost |
| State Farm | $1,484 |
| Victoria | $259 |
| Safeco | $827 |
| Plymouth Rock Assurance | $1,007 |
| GEICO | $1,226 |
| Texas Farm Bureau Group | $925 |
| Progressive | $2,580 |
| Allstate | $2,721 |
| Pekin Insurance | $1,010 |
| Farmers | $2,790 |
2020 Tesla Model Y Insurance Rates
| Insurance Provider | Average Annual Cost |
| Safeco | $426 |
| Pekin Insurance | $917 |
| Auto-Owners | $1,443 |
| Nationwide | $1,570 |
| Mercury Insurance | $1,197 |
| GEICO | $1,208 |
| Capital Insurance Group | $1,826 |
| SECURA Insurance | $1,403 |
| Progressive | $2,576 |
| Allstate | $2,285 |
Cost of Tesla Model Y Car Insurance By Age
| Drive Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $11,742 | $17,224 | $20,150 |
| 18 | $10,931 | $16,057 | $18,766 |
| 19 | $9,666 | $14,187 | $16,598 |
| 20 | $8,428 | $12,359 | $14,490 |
| 21 | $7,072 | $10,364 | $12,146 |
| 22 | $6,878 | $10,088 | $11,831 |
| 23 | $6,020 | $8,843 | $10,350 |
| 24 | $5,736 | $8,413 | $9,830 |
| 25 | $4,929 | $7,263 | $8,473 |
| 30 | $3,849 | $5,629 | $6,603 |
| 35 | $3,609 | $5,280 | $6,187 |
| 40 | $3,469 | $5,080 | $5,936 |
| 45 | $3,374 | $4,951 | $5,769 |
| 55 | $3,096 | $4,544 | $5,308 |
| 65 | $3,219 | $4,739 | $5,532 |
| 75 | $4,072 | $5,983 | $6,995 |
Tesla Model Y Car Insurance Rates By State
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $3,680 | $5,331 | $6,760 |
| Alaska | $3,056 | $4,210 | $4,108 |
| Arizona | $3,430 | $4,944 | $7,324 |
| Arkansas | $3,778 | $5,924 | $6,497 |
| California | $4,190 | $7,385 | $4,206 |
| Colorado | $3,914 | $5,471 | $6,940 |
| Connecticut | $5,006 | $7,733 | $9,821 |
| Delaware | $4,160 | $5,521 | $7,088 |
| Florida | $4,940 | $6,801 | $8,875 |
| Hawaii | $1,627 | $2,163 | $1,616 |
| Idaho | $2,807 | $3,710 | $4,491 |
| Illinois | $2,949 | $4,386 | $5,026 |
| Indiana | $3,002 | $4,574 | $5,116 |
| Iowa | $2,379 | $3,248 | $3,827 |
| Kansas | $3,143 | $4,595 | $5,351 |
| Kentucky | $4,574 | $6,676 | $7,910 |
| Louisiana | $5,8368 | $8,835 | $9,581 |
| Maine | $2,214 | $3,053 | $4,533 |
| Maryland | $3,610 | $5,204 | $5,797 |
| Massachusetts | $2,895 | $5,024 | $2,862 |
| Michigan | $6,947 | $10,584 | $16,647 |
| Minnesota | $2,863 | $3,789 | $5,344 |
| Mississippi | $3,433 | $4,900 | $4,928 |
| Missouri | $3,237 | $4,621 | $6,087 |
| Montana | $3,302 | $4,611 | $5,369 |
| Nebraska | $2,795 | $4,106 | $4,492 |
| Nevada | $4,582 | $6,828 | $7,207 |
| New Hampshire | $3,214 | $5,072 | $6,419 |
| New Jersey | $3,525 | $5,519 | $7,241 |
| New Mexico | $3,591 | $5,357 | $5,546 |
| New York | $3,344 | $4,202 | $7,009 |
| North Carolina | $2,075 | $3,559 | $2,530 |
| North Dakota | $2,839 | $4,296 | $5,088 |
| Ohio | $2,520 | $3,891 | $3,974 |
| Oklahoma | $4,034 | $5,773 | $6,504 |
| Oregon | $3,681 | $4,934 | $5,870 |
| Pennsylvania | $3,107 | $4,529 | $5,295 |
| Rhode Island | $5,144 | $7,581 | $8,511 |
| South Carolina | $3,509 | $4,855 | $6,693 |
| South Dakota | $3,127 | $4,537 | $5,238 |
| Tennessee | $3,703 | $5,439 | $7,260 |
| Texas | $3,733 | $5,389 | $6,674 |
| Utah | $3,174 | $4,425 | $6,099 |
| Vermont | $2,418 | $3,769 | $3,984 |
| Virginia | $2,279 | $3,516 | $3,444 |
| Washington | $3,025 | $4,140 | $4,905 |
| West Virginia | $3,057 | $4,360 | $5,502 |
| Wisconsin | $3,027 | $4,766 | $5,442 |
| Wyoming | $2,827 | $3,999 | $4,223 |
| Georgia | $4,005 | $5,989 | $6,053 |
Compare Tesla Model Y To Other Tesla Models
FAQs
Who has the cheapest car insurance for a Tesla Model Y?
Plymouth Rock Assurance offers the most affordable car insurance for the 2024 Tesla Model Y.
Which company offers the best car insurance for a Tesla Model Y?
In our assessment, Plymouth Rock Assurance provides the best car insurance for a Tesla Model Y, considering its combination of competitive rates, comprehensive coverage, and highly rated customer service.
