Tesla Model Y Car Insurance Quotes (2025)
Full-coverage insurance for the Tesla Model Y costs $396 per month, on average.
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Written byJacqueline DeMarco
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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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Edited byElena Stratoberdha
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Elena Stratoberdha is an Editorial Assistant at Insurify. Before joining the content team at Insurify, Elena earned her bachelor’s degree in English Literature and Writing from Simmons University, where she collaborated as a copy editor and led the layout design for two student-run magazines: Sidelines and MindScope Magazine.
In her free time, Elena enjoys writing creative and short fiction, knitting, running near the beach, and exploring new music genres.
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Table of contents
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 $149 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 model of your vehicle and the car insurance company you choose will affect how much you spend on auto insurance.
The overall average cost of car insurance for a 2025 Tesla Model Y is $290 per month, making it the most expensive model year to insure. But if you drive a 2022 Tesla Model Y, you’ll generally spend less on your car insurance premium.
You can compare average full-coverage rates for the Tesla Model Y by model year in the following table.
Model Year  | Average Monthly Quote: Full Coverage |
|---|---|
| 2025 | $396 |
| 2024 | $396 |
| 2023 | $300 |
| 2022 | $275 |
| 2021 | $237 |
| 2020 | $270 |
Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ 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.
USAA offers the cheapest full-coverage insurance rates for the 2025 Model Y, followed by GEICO and State Farm. USAA’s rates are 18% lower than GEICO’s. The table below shows full-coverage rates for the 2025 Model Y from several popular insurers.
Insurance CompanyAverage Monthly Quote: Full CoverageUSAA $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 500+ 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.
USAA and GEICO have the cheapest full-coverage rates for the 2024 Model Y, with monthly averages of $185 and $219, respectively. Here are the average rates for full-coverage insurance for a 2024 Model Y single-car policy from different insurance companies.
Insurance CompanyAverage Monthly Quote: Full CoverageUSAA $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 500+ 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.
USAA, State Farm, GEICO, and Allstate have the cheapest insurance for this model year — all with monthly averages of less than $155. The following table outlines the average car insurance quotes for this model with a handful of popular car insurance companies.
Insurance CompanyAverage Monthly QuoteUSAA $133 State Farm $148 GEICO $153 Allstate $182 Progressive $220 American Family $230 Liberty Mutual $240 Travelers $265 Farmers $312 The General $340 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The 2022 Tesla Model Y had an MSRP of $64,990.[2]
USAA offers the lowest average cost for a 2022 Model Y, at $116 per month. The General has the most expensive monthly rates, at $297 per month — a difference of 156%. Compare average monthly quotes from other insurance companies for the 2022 Model Y in the table below.
Insurance CompanyAverage Monthly QuoteUSAA $116 State Farm $129 GEICO $133 Allstate $159 Progressive $192 American Family $201 Liberty Mutual $210 Travelers $232 Farmers $272 The General $297 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Auto insurance prices continue to drop with the 2021 Tesla Model Y, which had an MSRP of $41,190.
USAA, State Farm, and GEICO offer the cheapest coverage options for a 2021 Model Y, all with monthly averages of less than $130. The table below highlights the average monthly quotes for this model year across popular insurers.
Insurance CompanyAverage Monthly QuoteUSAA $113 State Farm $125 GEICO $129 Allstate $153 Progressive $186 American Family $194 Liberty Mutual $203 Travelers $224 Farmers $264 The General $287 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The 2020 Tesla Model Y had a starting price of $54,190, much higher than the 2021 model.
USAA has the cheapest coverage for a 2020 Tesla Model Y, with a monthly average cost of $112, followed by State Farm ($124) and GEICO ($128). See other quotes for the 2020 Model Y from different insurance companies in the following table.
Insurance CompanyAverage Monthly QuoteUSAA $112 State Farm $124 GEICO $128 Allstate $152 Progressive $184 American Family $193 Liberty Mutual $201 Travelers $222 Farmers $261 The General $285 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The 2019 Tesla Model Y had an MSRP of $49,990.
USAA, State Farm, and GEICO are the cheapest insurers for the 2019 Model Y, all with monthly rates of less than $125. The table below highlights the average monthly quotes for this vehicle with different auto insurers.
Insurance CompanyAverage Monthly QuoteUSAA $108 State Farm $120 GEICO $124 Allstate $147 Progressive $178 American Family $187 Liberty Mutual $195 Travelers $215 Farmers $253 The General $276 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Recent quotes for other Insurify users
Drivers using Insurify have found quotes as cheap as $44/mo for liability only and $87/mo for full coverage.
*Quotes generated for Insurify users within the last 10 days. Last updated on July 29, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ 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 July 29, 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 July 29, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ 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 July 29, 2025. Actual quotes may vary based on the policy buyer ’s unique driver profile.
Average cost of Tesla 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 insurance rates fluctuate based on what state you live in. Alaska and Hawaii aren’t included due to insufficient data.
Average Monthly Rate by State
State | Average Monthly Quote |
|---|---|
| Alabama | $241 |
| Arizona | $446 |
| Arkansas | $299 |
| California | $458 |
| Colorado | $374 |
| Connecticut | $639 |
| Delaware | $364 |
| Florida | $412 |
| Georgia | $413 |
| Idaho | $222 |
| Illinois | $292 |
| Indiana | $241 |
| Iowa | $212 |
| Kansas | $278 |
| Kentucky | $418 |
| Louisiana | $400 |
| Maine | $260 |
| Maryland | $584 |
| Massachusetts | $335 |
| Michigan | $502 |
| Minnesota | $335 |
| Mississippi | $355 |
| Montana | $280 |
| Missouri | $335 |
| North Dakota | $284 |
| Nebraska | $323 |
| New Hampshire | $207 |
| Nevada | $505 |
| New Jersey | $316 |
| New Mexico | $278 |
| New York | $750 |
| North Carolina | $157 |
| Ohio | $220 |
| Oklahoma | $299 |
| Oregon | $273 |
| Pennsylvania | $295 |
| Rhode Island | $246 |
| South Carolina | $461 |
| South Dakota | $227 |
| Tennessee | $261 |
| Texas | $405 |
| Utah | $307 |
| Virginia | $260 |
| Washington | $316 |
| District of Columbia | $251 |
| Vermont | $458 |
| West Virginia | $261 |
| Wisconsin | $234 |
| Wyoming | $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 Tesla 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:
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.
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.
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.
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.
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 $149 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 500+ 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
- 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.
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Sources
- Edmunds. "2025 Tesla Model Y."
- Kelley Blue Book. "Tesla Models & Pricing."
- Insurance Information Institute. "What determines the price of an auto insurance policy?."
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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.
Elena Stratoberdha is an Editorial Assistant at Insurify. Before joining the content team at Insurify, Elena earned her bachelor’s degree in English Literature and Writing from Simmons University, where she collaborated as a copy editor and led the layout design for two student-run magazines: Sidelines and MindScope Magazine.
In her free time, Elena enjoys writing creative and short fiction, knitting, running near the beach, and exploring new music genres.
