Tesla Model Y Car Insurance Quotes (2025)

Full-coverage insurance for the Tesla Model Y costs $396 per month, on average.

Jacqueline DeMarco
Jacqueline DeMarco
  • 13+ years writing insurance and personal finance content

  • Insurance, lending, and retirement expert

Jacqueline has contributed content, and her personal finance passion, to dozens of noteworthy financial brands, including Credit Karma, Bankrate, and MagnifyMoney.

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Sara Getman
Edited bySara Getman
Sara Getman
Sara GetmanAssociate Editor

Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.

Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.

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Cheapest recent rates

Drivers using Insurify have found quotes as cheap as $36/mo for liability only and $45/mo for full coverage.

*Quotes generated for Insurify users within the last 10 days. Last updated on March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users within the last 10 days. Last updated on March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

While the Model Y isn’t the most affordable Tesla option, with a starting MSRP of $61,630, it’s not the most expensive either, making it a popular option for Tesla drivers.[1] On average, drivers spend $396 per month on full-coverage car insurance for a 2025 Tesla Model Y. This is significantly more than the national average cost of $151 per month.

It’s important to note that Tesla Model Y insurance costs can vary depending on the model year. The older your car is, the cheaper it typically is to insure.

Here’s what you should know about finding car insurance for your Tesla Model Y.

Quick Facts
  • USAA, GEICO, and State Farm offer the cheapest coverage for the Tesla Model Y.

  • For the 2025 Model Y, USAA’s average rate is $187 per month for full coverage.

  • Tesla sells its own auto coverage for Tesla drivers in select states. The company determines premiums based on your real-time driving behaviors.

Cost of Tesla Model Y insurance by model year

The overall average cost of car insurance for a 2025 Tesla Model Y is $290 per month.

The model of your vehicle and the car insurance company you choose will affect how much you spend on auto insurance. You can compare average full-coverage rates for the Tesla Model Y by model year in the following table.

Model Year
sort ascsort desc
Average Monthly Quote: Full Coverage
sort ascsort desc
2025$396
2024$396
2023$300
2022$275
2021$237
2020$270
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
  • The cost of a new 2025 Tesla Model Y ranges from $44,990 to $51,490, depending on the trim level. But it has a starting MSRP of $61,630 because of new features, including an extended mileage range, refined styling, and a rear-seat infotainment system.

    Teslas can be expensive to insure, and the 2025 Model Y is no exception. For full coverage, Tesla drivers can expect an average rate of $396 per month. Liability insurance is cheaper, at $183 per month.

    The table below shows full-coverage rates for the 2025 Model Y from popular insurers.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote: Full Coverage
    sort ascsort desc
    USAA$187
    GEICO$221
    State Farm$223
    CSAA$240
    Allstate$248
    Progressive$276
    American Family$293
    Nationwide$342
    Travelers$361
    The General$403
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
  • The 2024 Tesla Model Y’s MSRP ranges between $43,990 and $52,490, depending on the trim level. The 2024 Model Y has comparable insurance rates to the 2025 model, with liability coverage costing $182 per month and full coverage costing $396 per month.

    Here are the average rates for full-coverage insurance for a 2024 Model Y single-car policy from different insurance companies.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote: Full Coverage
    sort ascsort desc
    USAA$185
    GEICO$219
    State Farm$221
    CSAA$238
    Allstate$245
    Progressive$273
    American Family$290
    Nationwide$339
    Travelers$357
    The General$398
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
  • The 2023 Tesla Model Y comes with a starting price of $50,490. The following table outlines the average car insurance quotes for this model with a handful of popular car insurance companies.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    USAA$133
    State Farm$148
    GEICO$153
    Allstate$182
    American Family$230
    Progressive$220
    Liberty Mutual$240
    Travelers$265
    Farmers$312
    The General$340
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
  • The 2020 Tesla Model Y had a much higher starting price ($54,190) compared to the 2021 model, but its average premiums are very similar.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    USAA$112
    State Farm$124
    GEICO$128
    Allstate$152
    American Family$193
    Progressive$184
    Liberty Mutual$201
    Travelers$222
    Farmers$261
    The General$285
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

  • Looking back at 2019, the Tesla Model Y had an MSRP of $49,990. The table below highlights the average monthly quotes for this vehicle with different auto insurers.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    USAA$108
    State Farm$120
    GEICO$124
    Allstate$147
    American Family$187
    Progressive$178
    Liberty Mutual$195
    Travelers$215
    Farmers$253
    The General$276
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Recent quotes for other Insurify users

Insurify’s drivers have found rates ranging from $43/mo. to $103/mo. in the last few days

*Quotes generated for Insurify users within the last 10 days. Last updated on March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users within the last 10 days. Last updated on March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 27, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Average cost of Tesla Model Y car insurance by state

Where you live can have a big effect on how much you pay for car insurance. Drivers in more populated areas tend to pay more than drivers in rural areas because of higher accident and theft rates and generally having more drivers on the road.

The map below shows how Tesla Model Y insurance rates fluctuate based on what state you live in.

Average Monthly Rate by State

State
sort ascsort desc
Average Monthly Quote
sort ascsort desc
AL$241
AZ$446
AR$299
CA$458
CO$374
CT$639
DE$364
FL$412
GA$413
ID$222
IL$292
IN$241
IA$212
KS$278
KY$418
LA$400
ME$260
MD$584
MA$335
MI$502
MN$335
MS$355
MT$280
MO$335
ND$284
NE$323
NH$207
NV$505
NJ$316
NM$278
NY$750
NC$157
OH$220
OK$299
OR$273
PA$295
RI$246
SC$461
SD$227
TN$261
TX$405
UT$307
VA$260
WA$316
DC$251
VT$458
WV$261
WI$234
WY$229

Source: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile. Insufficient data is available to show results for Alaska and Hawaii.

How to ensure you have enough coverage on your Model Y

At a bare minimum, you must have liability coverage to drive legally in every state except New Hampshire. But you also have the option to purchase more extensive coverage, which many drivers do to make sure they have financial protection in the event of an incident. Some common additional coverages include:

  • illustration card https://a.storyblok.com/f/162273/150x150/0ee044afbd/car-and-driving-96x96-orange_039-car-accident.svg

    Collision coverage

    Collision coverage pays for the replacement of your vehicle if a collision with another car or object damages your vehicle. It also helps you cover the costs of repairing your car, regardless of who’s at fault in the accident.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive coverage

    Comprehensive coverage provides protection against non-collision events, such as theft, vandalism, natural disasters, and hitting an animal. It covers the costs of repairing or replacing your vehicle following damages from a non-collision incident.

  • illustration card https://a.storyblok.com/f/162273/x/5285c4cd74/uninsured-or-underinsured-motorist-coverage.svg

    Uninsured/underinsured motorist coverage

    Uninsured/underinsured motorist coverage protects you if you’re in an accident with a driver who either doesn’t have insurance or doesn’t have enough insurance to cover the damages. Uninsured/underinsured motorist coverage helps pay for medical bills, lost wages, and vehicle repairs in such situations.

  • illustration card https://a.storyblok.com/f/162273/x/abffe6238f/financial-protection.svg

    Personal injury protection (PIP) coverage

    Personal injury protection (PIP) coverage assists in paying medical expenses for you and your passengers after an accident, regardless of who’s at fault. It covers costs like hospital visits, surgeries, and rehabilitation, providing additional financial support for necessary medical treatments.

Tesla Model Y car insurance FAQs

For even more insight into Tesla Model Y car insurance, check out these answers to some of the most commonly asked questions about the electric vehicle.

  • Typically, USAA offers the cheapest car insurance for Tesla Model Y drivers. For example, if you drive the 2025 Model Y, USAA offers a full-coverage policy for an average of $187 per month. But USAA limits coverage to military families, both active duty and veterans. For people who don’t qualify, State Farm and GEICO are the second and third cheapest on average. For people who don’t qualify, GEICO and State Farm are also affordable options.

  • Yes. You’ll spend more on car insurance for a Tesla Model Y than on other makes and models. While the average cost of insuring a car nationwide is $151 per month, the average Tesla Y premium is $290 per month.

  • The average cost of insuring a Tesla Model Y is $290 per month, but the car insurance company you choose can affect your insurance rates significantly.

    It’s a good idea to ask your insurance agent for information on discounts to save even more money when insuring your Tesla Model Y. For example, many insurers offer discounts for good students and military members.

  • Various factors can affect the average insurance cost of your Tesla Model Y, including your age, driving record, model year, location, vehicle type, credit history, marital status, and coverage selections. Additionally, factors such as mileage, usage, and car safety features also play a role in determining insurance premiums.[3]

    Keep in mind that people with clean driving histories pay lower rates than drivers with past traffic violations on their record.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. Edmunds. "2025 Tesla Model Y."
  2. Kelley Blue Book. "Tesla Models & Pricing."
  3. Insurance Information Institute. "What determines the price of an auto insurance policy?."
Jacqueline DeMarco
Jacqueline DeMarco

During college, Jacqueline DeMarco interned at a retirement plan advisory firm and was tasked with creating a presentation on the importance of financial wellness. During her research into how money can affect our health, relationships and career, Jacqueline realized just how important financial education is. Jacqueline is a contributor for Insurify and has worked with more than a dozen financial brands, including LendingTree, Capital One, Credit Karma, Fundera, Chime, Bankrate, Student Loan Hero, ValuePenguin, SoFi, and Northwestern Mutual, providing thoughtful content to give readers insight into complex topics that they likely didn’t learn in school.

Jacqueline has been a contributor at Insurify since October 2022.

Sara Getman
Edited bySara GetmanAssociate Editor
Sara Getman
Sara GetmanAssociate Editor

Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.

Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.

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