Tesla Model Y Car Insurance Quotes (2026)

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 $143 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.

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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.

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.

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:

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  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.

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  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.

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  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.

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  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.

Which company has the cheapest Tesla Model Y insurance?

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.

Is the Tesla Model Y expensive to insure?

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 $143 per month, the average Tesla Y premium is $290 per month.

How much does it cost to insure a Tesla Model Y?

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.

What factors can affect the insurance cost for a Tesla Model Y?

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.