Tesla Model Y insurance costs average $123 monthly for minimum coverage and $241 per month for full coverage. Based on your trim and model year, costs range from $104 to $380 monthly.
Tesla Model Y Insurance Cost
Updated: November 15, 2025
Key Takeaways
Tesla Model Y insurance costs range from $104 to $380 monthly based on model year and coverage type.
The Model Y ranks 647th out of 827 vehicles for insurance affordability in the US vehicle market.
UAIC offers the cheapest Tesla Model Y full coverage at $196 monthly, while GEICO provides the cheapest minimum coverage at $107 monthly.
How Much Is Tesla Model Y Insurance?
| Tesla Model Y | $123 | $241 |
Tesla Model Y Insurance Cost by Model Year
Your Tesla Model Y's model year and trim affect insurance rates, with newer vehicles costing more due to higher value. Monthly insurance costs for Tesla Model Y range from $109 for older models to $380 for the newest years.
| 2026 | $195 | $380 |
| 2025 | $143 | $279 |
| 2024 | $122 | $237 |
| 2023 | $110 | $214 |
| 2022 | $121 | $236 |
| 2021 | $112 | $219 |
| 2020 | $109 | $214 |
Tesla Model Y Insurance Cost by Trim
Your Tesla Model Y's trim affects insurance costs based on features, market value and desirability. Monthly premiums range from $104 for basic trims to $380 for premium variants like the Launch Series Long Range.
| Standard Range Sport Utility 4d | $104 | $202 |
| Standard Sport Utility 4d | $107 | $208 |
| Long Range Sport Utility 4d | $113 | $220 |
| Model Y | $116 | $227 |
| Performance Sport Utility 4d | $117 | $227 |
| Model Y Long Range | $119 | $232 |
| Model Y Performance | $130 | $253 |
| Long Range | $133 | $259 |
| Performance | $153 | $299 |
| Launch Series Long Range | $195 | $380 |
Tesla Model Y Insurance Cost by Company
Tesla Model Y insurance costs vary by provider from $122 to $407 monthly. Minimum coverage ranges from $55 to $163, while full coverage costs $122 to $407. Rates vary based on different risk assessment models.
| GEICO | $107 | $232 |
| State Farm | $110 | $231 |
| Travelers | $112 | $207 |
| Nationwide | $119 | $206 |
| Kemper | $121 | $249 |
| Progressive | $127 | $240 |
| Allstate | $133 | $259 |
| AAA | $142 | $295 |
| Chubb | $151 | $304 |
| Amica | $152 | $313 |
| UAIC | $156 | $196 |
| AIG | $163 | $407 |
| The Hartford | $175 | $298 |
| Farmers | $198 | $349 |
Tesla Model Y Insurance Cost by State
Tesla Model Y car insurance costs vary by state, ranging from $52 monthly in Wyoming to $230 monthly in Louisiana.
| Alabama | $113 | $215 |
| Alaska | $88 | $186 |
| Arizona | $150 | $280 |
| Arkansas | $108 | $242 |
| California | $119 | $240 |
| Colorado | $115 | $278 |
| Connecticut | $159 | $273 |
| Delaware | $154 | $258 |
| Florida | $134 | $316 |
| Georgia | $163 | $273 |
| Hawaii | $62 | $141 |
| Idaho | $64 | $132 |
| Illinois | $117 | $221 |
| Indiana | $80 | $157 |
| Iowa | $77 | $186 |
| Kansas | $94 | $220 |
| Kentucky | $143 | $244 |
| Louisiana | $230 | $481 |
| Maine | $67 | $139 |
| Maryland | $179 | $304 |
| Massachusetts | $123 | $263 |
| Michigan | $194 | $372 |
| Minnesota | $105 | $219 |
| Mississippi | $127 | $248 |
| Missouri | $164 | $323 |
| Montana | $103 | $248 |
| Nebraska | $92 | $211 |
| Nevada | $191 | $348 |
| New Hampshire | $90 | $161 |
| New Jersey | $196 | $327 |
| New Mexico | $98 | $220 |
| New York | $142 | $254 |
| North Carolina | $96 | $189 |
| North Dakota | $79 | $174 |
| Ohio | $94 | $183 |
| Oklahoma | $116 | $258 |
| Oregon | $127 | $221 |
| Pennsylvania | $117 | $273 |
| Rhode Island | $153 | $275 |
| South Carolina | $115 | $216 |
| South Dakota | $74 | $228 |
| Tennessee | $99 | $200 |
| Texas | $146 | $297 |
| Utah | $121 | $207 |
| Vermont | $64 | $150 |
| Virginia | $116 | $187 |
| Washington | $106 | $198 |
| West Virginia | $114 | $229 |
| Wisconsin | $85 | $189 |
| Wyoming | $52 | $161 |
Tesla Model Y Insurance Cost by Driver Profile
Your driving profile, especially age and driving record, affects Tesla Model Y insurance costs. Young drivers under 25 pay the highest rates at $466 monthly, while adults between 26-64 get the most affordable coverage at $182 per month.
| Adult Drivers | $123 | $241 |
| Young Drivers | $318 | $613 |
| Senior Drivers | $165 | $304 |
| Drivers With a Speeding Ticket | $154 | $303 |
| Drivers With an Accident | $182 | $353 |
| Drivers With a DUI | $230 | $443 |
| Drivers With Bad Credit | $300 | $605 |
Is a Tesla Model Y Expensive to Insure?
Tesla insurance costs run high given the vehicle's luxury status. Compared to other models on the U.S. market, a Tesla Model Y ranks 647th out of 827, making it one of the more expensive cars to insure. Among compact luxury SUVs or crossover SUVs, the model ranks 14th out of 18.
| Acura TSX | $74 | $142 |
| Alfa Romeo Tonale | $82 | $161 |
| Acura RDX | $88 | $170 |
| Infiniti QX70 | $88 | $170 |
| Volvo XC60 | $90 | $176 |
| Volvo XC40 Recharge | $102 | $198 |
| Lexus NX | $102 | $198 |
| Genesis GV60 | $106 | $207 |
| Volvo XC40 | $107 | $207 |
| Volvo C40 Recharge | $109 | $212 |
| Infiniti QX55 | $112 | $218 |
| Mercedes EQB | $119 | $234 |
| Jaguar I-Pace | $121 | $237 |
| Bmw X4 | $124 | $241 |
| Tesla Model Y | $123 | $241 |
| Lincoln Corsair | $134 | $262 |
| Polestar 4 | $140 | $272 |
| Maserati Grecale | $159 | $309 |
Factors That Affect Tesla Car Insurance Costs
Several factors influence what you'll pay for Tesla Model Y insurance coverage:
- Age (median 48 years): Middle-aged drivers receive lower rates than younger buyers.
- Gender (73% male): Male ownership correlates with higher risk-taking behaviors.
- Income ($145,909 average): Higher credit scores reduce premiums, though wealth enables riskier vehicle purchases.
Average Repair or Replacement Costs
Tesla ranks 22nd in repair affordability among 59 U.S. automakers with median annual costs of $1,034. Tesla Model Y repair costs average $985 annually, making it one of Tesla's cheapest models to repair while still driving higher insurance premiums.
Vehicle Trim, Features and Accessories
The Tesla Model Y's performance capabilities (0 to 60 mph in 3.5 to 4.8 seconds based on trim) increase insurance premiums. Performance trims feature 21-inch Uberturbine wheels, lowered suspension and upgraded brakes, while Long Range models offer 19-inch or 20-inch wheel options.
Higher trim levels like Performance AWD cost more to insure due to advanced features, specialized parts and higher replacement values.
Fuel Type
Tesla Model Y costs more to insure because it runs on batteries instead of gas. When something breaks, you can't take it to any mechanic. You need someone who knows electric cars.
Few shops can work on Teslas. The ones that do charge more because they need special tools and training. Tesla parts also cost more than regular car parts. Insurance companies charge Tesla owners higher rates to cover these expensive repairs.
Location
Tesla Model Y owners cluster in California and wealthy ZIP codes (55% in the top 10% wealthiest areas), where regional rates vary. Location affects rates through state regulations, weather risks, crime rates and accident statistics.
California accounts for 35% of all Tesla sales nationwide, with the Model Y ranking as the best-selling vehicle in the state. Florida, Massachusetts, New York and New Jersey show the highest concentrations after California, where premium costs reflect higher regional repair expenses.
Driver Profile
Most Tesla Model Y drivers are middle-aged (median age 48) males with incomes of $145,909 to $152,912. This demographic gets moderate rates due to higher credit scores, though Tesla owners have higher accident rates than average drivers.
Driver demographics affect Tesla Model Y rates:
Despite favorable owner demographics, Tesla's 0 to 60 acceleration capability and performance-oriented buyer profile drive higher insurance costs.
How to Lower the Cost of Tesla Model Y Insurance
Below we detail the top Tesla Model Y car insurance discounts available:
- 1Choose the right coverage
How much coverage to carry on your Tesla depends on its value, how often you drive and what you can realistically budget for. You can keep costs down with minimum liability and a $1,000 deductible or step up to 100/300/100 with a $500 deductible, and lenders may require gap insurance if the vehicle is financed or leased.
- 2Research costs and cheap companies
Research average auto insurance costs for your car to see how much you're saving with your current provider versus others. Then look for the cheapest car insurance companies.
- 3Look for more than just low rates
To get the best car insurance for your Tesla Model Y, check forum reviews, J.D. Power customer satisfaction scores, Better Business Bureau complaint records and AM Best financial strength ratings while comparing coverage limits and deductibles. Some cheap insurers have slower claim processing times or limited coverage options that leave you underinsured in an accident.
- 4Explore discounts you qualify for
Tesla Model Y owners can lower their insurance costs by stacking discounts tied to multi-vehicle households, bundled policies, clean driving records, top-tier safety tech and EV incentives. Since many Model Y drivers are homeowners with strong safety habits and access to green vehicle perks, these savings usually line up easily and reduce overall premiums.
- 5Consider alternative car insurance types
Tesla Model Y owners should consider Tesla's Insurance program (where available) for vehicle-specific coverage and competitive rates, or usage-based insurance or programs like Progressive Snapshot that reward safe driving habits with lower premiums.
- 6Check rates every year
Comparing car insurance quotes from several sources can cut your Tesla Model Y insurance by up to 24%. Your best deal today might not exist next year, so compare rates annually.
Tesla Model Y Insurance Cost: Bottom Line
Insuring a Tesla Model Y costs more than average, but you can still find rates to fit your budget. Shop several companies, look into discounts and consider different coverage options to get the best insurance rate for your car.
Tesla Model Y Insurance Rates: FAQ
Here are answers to common questions about insuring a Tesla Model Y.
What is the average cost of car insurance for a Tesla Model Y?
The Tesla Model Y's average annual insurance cost is $1,479 annually for state minimum and $2,887 for full coverage.
What company has the cheapest car insurance for a Tesla Model Y?
GEICO offers the cheapest minimum coverage auto insurance for a Tesla Model Y, with an annual minimum coverage rate of $1,284. For those looking for full coverage policies, UAIC is the most cost-effective option at $2,352 per year.
Are Tesla Model Ys expensive to insure?
Yes, Tesla Model Y insurance costs more than most cars. Out of 827 vehicles we track, the Model Y ranks 647th for affordability. Among compact luxury crossover SUVs, this model sits at 14th out of 18.
What factors affect insurance costs for Tesla Model Ys?
Several factors drive up your Tesla Model Y rates. Repairs cost more because of specialized parts and the aluminum body. Your driving record and credit score, plus the coverage you pick, play a big role. Where you live affects rates too. Areas with more theft or fewer Tesla-certified repair shops cost more.
Some insurers offer discounts on Tesla's safety tech, such as Autopilot.
How can I lower Tesla Model Y insurance costs?
Shop around with several insurers as rates vary for Teslas, and consider usage-based insurance programs that track your driving habits. Use Tesla's safety features (Autopilot, collision avoidance) when discussing discounts, bundle with other policies and maintain a clean driving record to qualify for the lowest premiums.
How We Determined Tesla Model Y Insurance Costs
Tesla Model Y owners deal with unique insurance challenges due to specialized repair costs and limited certified shops. We analyzed hundreds of millions of quote estimates across all U.S. models from 2000 to 2025 to show you what you'll actually pay for your Model Y.
Our sample driver profile: We quoted rates for a 40-year-old unmarried male with a clean driving record, good credit and no prior claims. This driver puts about 12,000 miles on the odometer yearly with a valid license and no suspensions. This profile represents the typical Model Y owner demographic and lets you see how rates vary by trim, model year and location.
Coverage definitions: Minimum coverage reflects your state's required liability limits. Full coverage includes 100/300/100 liability limits plus comprehensive and collision with $1,000 deductibles. We chose these limits because they provide substantially better financial protection than minimum coverage while remaining realistic for most Model Y buyers.
Why trim and model year matter for Teslas: Performance trims with 21-inch Uberturbine wheels and upgraded brakes cost more to insure than Standard Range models. Newer model years carry higher premiums due to increased replacement values. The $276 monthly gap between a 2020 Standard Range and 2026 Launch Series shows how vehicle specifications dramatically affect your rate. Battery replacement costs and specialized aluminum body repairs also drive higher premiums across all Model Y trims compared to gas-powered vehicles.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.