What company has the cheapest car insurance for a Tesla Model Y?

The average cost of Tesla Model Y insurance is $2,207 per year, but rates vary by providers. In general, the Tesla Model Y is considered expensive to insure because it's an electric car and has high repair costs. GEICO offers the lowest average rate for a full coverage policy at $1,233 per year, $974 cheaper than the overall average for this car model.

What company offers the best car insurance for a Tesla Model Y?

The best Tesla Model Y insurance is offered by GEICO , which earned a MoneyGeek score of 90 out of 100. It outranked State Farm, Nationwide, Travelers and other major insurers, providing the best balance of affordable premiums and quality service. The average yearly cost of insuring a Tesla Model Y with GEICO is $1,233 per year for full coverage.

Compare the Cost of Tesla Model Y Insurance by Model Year and Company

Name: Compare the Cost of Tesla Model Y Insurance by Model Year and Company
Item: Compare the Cost of Tesla Model Y Insurance by Model Year and Company
Author: Staff Writers

Insurance for a Tesla Model Y is expensive at roughly $2,207 per year, with GEICO offering the most affordable coverage. The amount you’ll pay for a policy may vary depending on factors such as age, model year and insurer.

Edited byVictoria Copans

Updated: April 1, 2024

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