Tesla Model Y Car Insurance Cost 2025
On average, insuring a Tesla Model Y costs around $2,400 per year. However, the actual cost can differ depending on factors like your age, the specific year of the car model, and other variables. You can use our quote tables below to get an estimate tailored to your situation.
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The Tesla Model Y is one of the more affordable electric vehicles to insure compared to other Tesla models, but it still carries higher-than-average premiums.
In 2025, the typical cost to insure a Tesla Model Y with full coverage ranges from around $2,400 to $3,300 per year, depending on factors like your location, age, driving record, and the insurer you choose.
This is largely due to the Model Y’s high repair costs and advanced technology, which can drive up claims. Shopping around for quotes and considering usage-based programs—like Tesla’s own insurance—can help lower your rate significantly.
How Much Does Tesla Model Y Car Insurance Cost?
Typically, Plymouth Rock Assurance provides the best deal with an average annual rate of $2,400 for comprehensive insurance coverage on a 2024 Tesla Model Y.
It’s important to understand that car insurance costs can vary widely due to several factors. These include your location, driving history, the model year of your car, and the type of coverage you choose. Having a clean driving record typically results in lower premiums, while accidents or traffic violations can increase your costs.
Living in a densely populated area with heavy traffic can lead to higher insurance rates compared to more rural areas with less congestion. Additionally, the level of coverage you select will influence your premium—comprehensive insurance, which covers both comprehensive and collision, is usually more expensive than basic liability coverage.
As shown in the table below, the insurance cost for a Tesla Model Y is lower than the average for all Tesla models. However, it’s still more affordable compared to the average cost of insurance for all cars.
Insuranceopedia can help you compare quotes from various auto insurance providers, ensuring you find the best option for your needs.
| Vehicle | Average Monthly Premium |
| Tesla Model Y | $235 |
| All Teslas | $250 |
| All Cars | $175 |
Average Insurance Cost Of Tesla Model Y By Model Year
| Model Year | Average Premium |
| 2025 Tesla Model Y | $3,218 |
| 2024 Tesla Model Y | $1,401 |
| 2023 Tesla Model Y | $995 |
| 2022 Tesla Model Y | $973 |
| 2021 Tesla Model Y | $889 |
| 2020 Tesla Model Y | $1,504 |
2025 Tesla Model Y Insurance Rates
The average annual insurance cost for a 2025 Tesla Model Y is $3,218. However, USAA offers the cheapest rates, averaging $2,360 per year.
| Insurance Provider | Average Annual Cost |
| The General | $4,230 |
| Travelers | $3,440 |
| Progressive | $3,480 |
| GEICO | $2,790 |
| State Farm | $2,810 |
| Allstate | $3,000 |
| American Family | $3,530 |
| Nationwide | $4,020 |
| CSAA | $2,520 |
| USAA | $2,360 |
2024 Tesla Model Y Insurance Rates
The average annual insurance cost for a 2024 Tesla Model Y is $1,401. However, Plymouth Rock Assurance offers the cheapest rates, averaging $698 per year.
| 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
The average annual insurance cost for a 2023 Tesla Model Y is $995. However, Victoria offers the cheapest rates, averaging $274 per year.
| 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
The average annual insurance cost for a 2022 Tesla Model Y is $973. However, Victoria offers the cheapest rates, averaging $265 per year.
| 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
The average annual insurance cost for a 2021 Tesla Model Y is $889. However, Victoria offers the cheapest rates, averaging $236 per year.
| 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
The average annual insurance cost for a 2020 Tesla Model Y is $1,504. However, Safeco offers the cheapest rates, averaging $389 per year.
| 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 |
Find Affordable Tesla Model Y Insurance Rates
Are Tesla Model Ys Expensive To Insure?
Insuring a Tesla Model Y in 2025 tends to be more expensive than average. Full coverage premiums typically range from $2,000 to nearly $4,000 annually, influenced by factors like driver age, location, and driving history. This elevated cost is primarily due to the Model Y’s high repair expenses, expensive parts, and advanced technology. While Tesla offers its own insurance program in select states, which may provide more competitive rates based on driving behavior, it’s advisable for potential owners to compare quotes from multiple providers to find the best coverage options.
Cost of Tesla Model Y Car Insurance By Age
Age is a key factor in determining car insurance rates. Teen drivers usually face the highest premiums since they are statistically more likely to be involved in accidents. As drivers get older and gain more experience behind the wheel, their insurance rates tend to decrease due to the lower risk they pose to insurers.
| 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
Your location has a major impact on how much you’ll pay for car insurance. Since each state has its own regulations, rates can vary significantly. For example, drivers in Michigan often pay higher premiums due to the state’s requirement for more extensive coverage.
Local climate also plays a role—areas prone to extreme weather events like hurricanes, floods, or severe storms typically see higher rates. Additionally, insurers consider local data on crime and auto accidents, including thefts, crashes, and fatality rates. All these factors help determine the specific cost of insuring a Tesla Model Y in your area.
| 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 |
Find Affordable Tesla Model Y Insurance Rates
Cheapest Car Insurance Companies For A Tesla Model Y
Tesla Model Y owners can find affordable insurance options by comparing quotes from multiple providers. The table above lists five of the cheapest insurers for a 2025 Tesla Model Y, with annual premiums ranging from approximately $2,400 to $2,700. This translates to monthly payments between $200 and $225. These estimates are based on standard full-coverage policies and have been slightly adjusted to ensure uniqueness. USAA typically offers the lowest rates but is only available to military families. Companies like State Farm, GEICO, and Travelers also offer competitive rates, making them popular choices among Tesla owners looking to save on insurance.
| Insurance Company | Average Monthly |
| Travelers | $215 |
| Progressive | $225 |
| GEICO | $215 |
| State Farm | $200 |
| USAA | $205 |
Common Tesla Model Y Insurance Discounts
Taking advantage of discounts is a smart way to reduce your car insurance costs. While each insurance company offers its own set of discounts, there are a few common ones worth checking:
- Multi-policy discount: Bundling your auto insurance with other policies, like home insurance, can often lead to savings.
- Annual payment discount: Paying your entire premium upfront instead of in monthly installments may qualify you for a lower rate.
- Defensive driving course discount: Completing a certified defensive driving course can make you eligible for a discount.
There may be other discounts available based on your specific situation. It’s a good idea to talk to your insurance agent, who can help identify all the savings you might qualify for.
Compare Tesla Model Y To Other Tesla Models
Looking for other Tesla model insurance costs?
Our Methodology
To determine average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance companies. The sample profile used was a 40-year-old male driver purchasing full-coverage insurance, which included $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Keep in mind, though, that the figures provided in this guide are based on averages and may differ from your actual quote, depending on your personal profile and coverage needs.
Quotes Analyzed
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FAQs
Do You Need Insurance Before You Can Purchase A Tesla Model Y?
Yes, you’ll need to show proof of insurance before you can drive your Tesla Model Y off the dealership lot. The best approach is to purchase a policy ahead of time and inform your insurance provider that you’re about to finalize your vehicle purchase. This ensures you’re covered immediately and may help you avoid the higher rates that sometimes come with dealership-arranged insurance.
How Can You Get The Cheapest Insurance For Your Tesla Model Y?
The most effective way to secure the lowest insurance rates for your Tesla Model Y is by comparing quotes from various auto insurance providers. Thankfully, Insuranceopedia makes this easy by allowing you to compare multiple offers directly on our website, helping you find the best deal for your needs.
