Tesla Model Y Car Insurance Cost In 2024

If you’re looking to insure a Tesla Model Y, it typically costs about $716 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: 04 April 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 $716 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 $716
New York Central Mutual Fire $1,200
Capital Insurance Group $1,264
PEMCO $1,410
Bristol West $1,497
USAA $1,723
Unitrin $1,758
Allied $1,844
Unigard $1,947
Erie $1,992

2023 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
Victoria $294
Mercury Insurance $498
Texas Farm Bureau Group $610
Safeco $794
New York Central Mutual Fire $1,240
Farm Bureau Mutual (IA Group) $1,234
Capital Insurance Group $1,233
Plymouth Rock Assurance $1,340
Nationwide $1,356
Unitrin $1,408

2022 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
Victoria $491
NatGen Advantage $626
Mercury Insurance $880
Virginia Farm Bureau $980
American National P $988
Texas Farm Bureau Group $1,106
Indiana Farmers Mutual Ins $1,135
North Carolina Farm Bureau $1,281
Capital Insurance Group $1,276
NatGen Value $1,260

2021 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
American National P $603
Victoria $638
Safeco $894
Plymouth Rock Assurance $985
Kemper Auto $1,008
Texas Farm Bureau Group $1,043
Titan $1,079
SECURA Insurance $1,181
Rural Mutual Insurance $1,187
Pekin Insurance $1,209

2020 Tesla Model Y Insurance Rates

Insurance Provider Average Annual Cost
Safeco $506
Pekin Insurance $997
Acuity $1,021
American National P $1,078
Mercury Insurance $1,207
Western National $1,208
West Bend Mutual $1,287
SECURA Insurance $1,283
Texas Farm Bureau Group $1,320
Rural Mutual Insurance $1,465

Cost of Tesla Model Y Car Insurance By Age

Drive Age Good Driver Recent Accident Poor Credit
17 $11,742 $17,224 $20,130
18 $10,921 $16,057 $18,756
19 $9,647 $14,167 $16,596
20 $8,408 $12,359 $14,480
21 $7,061 $10,364 $12,146
22 $6,863 $10,088 $11,831
23 $6,009 $8,843 $10,350
24 $5,736 $8,413 $9,811
25 $4,929 $7,263 $8,473
30 $3,849 $5,629 $6,603
35 $3,579 $5,280 $6,187
40 $3,464 $5,080 $5,936
45 $3,350 $4,951 $5,769
55 $3,077 $4,544 $5,308
65 $3,219 $4,729 $5,532
75 $4,072 $5,953 $6,995

Tesla Model Y Car Insurance Rates By State

State Good Driver Recent Accident Poor Credit
Alabama $3,652 $5,331 $6,760
Alaska $3,039 $4,210 $4,108
Arizona $3,413 $4,944 $7,324
Arkansas $3,753 $5,924 $6,497
California $4,180 $7,385 $4,206
Colorado $3,914 $5,471 $6,940
Connecticut $4,996 $7,733 $9,821
Delaware $4,145 $5,521 $7,088
Florida $4,920 $6,801 $8,875
Hawaii $1,607 $2,163 $1,616
Idaho $2,797 $3,710 $4,491
Illinois $2,929 $4,386 $5,026
Indiana $2,992 $4,574 $5,116
Iowa $2,359 $3,248 $3,827
Kansas $3,153 $4,595 $5,351
Kentucky $4,554 $6,676 $7,910
Louisiana $5,838 $8,835 $9,581
Maine $2,197 $3,053 $4,533
Maryland $3,598 $5,204 $5,797
Massachusetts $2,890 $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

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.

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