Tesla Model Y Insurance Cost

Auto insurance for a Tesla Model Y will cost about $3,461 per year.

This is more than the national average for luxury SUV models by $1,236. Our car insurance comparison study assumes a 40 year old good driver with full coverage and good credit that drives around 13,000 miles per year. They also assume a single-car policy on a brand-new vehicle, and won't reflect any multi-car discounts.

Auto insurance premiums vary a great deal by age, state, insurance company and mileage. Factors such as recent accidents, traffic violations, credit history also impact these rates. The following chart illustrates how some of these scenarios affect the cost of car insurance for a Tesla Model Y.

Good Driver and Credit
Recent At-Fault Accident
Poor Credit Rating

Tesla Model Y insurance rates can also differ significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure

Tesla Model Y Insurance Cost by Age

Age Good Driver Recent Accident Poor Credit
17 $11,724 $17,215 $20,140
18 $10,926 $16,043 $18,769
19 $9,656 $14,178 $16,587
20 $8,419 $12,363 $14,463
21 $7,060 $10,367 $12,128
22 $6,876 $10,097 $11,812
23 $6,016 $8,835 $10,335
24 $5,716 $8,393 $9,819
25 $4,933 $7,243 $8,473
30 $3,843 $5,642 $6,601
35 $3,599 $5,284 $6,182
40 $3,461 $5,082 $5,946
45 $3,368 $4,946 $5,786
55 $3,089 $4,536 $5,306
65 $3,222 $4,731 $5,535
75 $4,067 $5,972 $6,986

Tesla Model Y car insurance premiums can cost a lot more or less depending on where you live. Rates are more expensive in Michigan because they mandate much higher coverage levels. California, Hawaii and Massachusetts don't allow providers to adjust rates based on credit. These figures also do not include the potential discounts on a multi-vehicle policy. Those can provide significant savings to a household full of drivers. The table below is a breakdown of how these factors can affect Tesla Model Y by state.

Tesla Model Y Insurance Rates by State

State Good Driver Recent Accident Poor Credit
Alabama $3,667 $5,326 $6,780
Alaska $3,033 $4,205 $4,087
Arizona $3,429 $4,957 $7,304
Arkansas $3,760 $5,907 $6,504
California $4,186 $7,403 $4,186
Colorado $3,906 $5,467 $6,936
Connecticut $4,991 $7,740 $9,825
Delaware $4,132 $5,506 $7,073
Florida $4,920 $6,806 $8,869
Georgia $4,011 $5,997 $6,047
Hawaii $1,602 $2,175 $1,602
Idaho $2,783 $3,690 $4,486
Illinois $2,914 $4,404 $5,021
Indiana $2,993 $4,576 $5,135
Iowa $2,371 $3,251 $3,823
Kansas $3,154 $4,589 $5,367
Kentucky $4,560 $6,693 $7,904
Louisiana $5,853 $8,848 $9,593
Maine $2,213 $3,059 $4,517
Maryland $3,582 $5,213 $5,790
Massachusetts $2,872 $5,011 $2,872
Michigan $6,931 $10,563 $16,661
Minnesota $2,853 $3,804 $5,357
Mississippi $3,444 $4,913 $4,945
Missouri $3,245 $4,640 $6,096
Montana $3,300 $4,604 $5,359
Nebraska $2,789 $4,125 $4,481
Nevada $4,601 $6,824 $7,209
New Hampshire $3,200 $5,061 $6,398
New Jersey $3,526 $5,532 $7,239
New Mexico $3,601 $5,356 $5,560
New York $3,335 $4,200 $7,011
North Carolina $2,068 $3,552 $2,533
North Dakota $2,829 $4,300 $5,086
Ohio $2,523 $3,891 $3,990
Oklahoma $4,029 $5,768 $6,495
Oregon $3,666 $4,919 $5,875
Pennsylvania $3,088 $4,534 $5,305
Rhode Island $5,156 $7,563 $8,516
South Carolina $3,501 $4,852 $6,697
South Dakota $3,141 $4,526 $5,223
Tennessee $3,694 $5,439 $7,242
Texas $3,721 $5,375 $6,686
Utah $3,165 $4,435 $6,102
Vermont $2,436 $3,752 $3,966
Virginia $2,295 $3,524 $3,454
Washington $3,038 $4,123 $4,924
West Virginia $3,057 $4,378 $5,485
Wisconsin $3,047 $4,757 $5,426
Wyoming $2,845 $3,983 $4,241

Tesla Model Y Insurance Rankings

Insurance Rankings

We've ranked over 200 models from best to worst for Insurance. See where the Tesla Model Y ranks for Insurance compared to other vehicles. Also check out how the Model Y stacks up in our rankings for Depreciation, Maintenance, Overall Costs.

Insurance Rankings

Other Tesla Model Y Costs of Ownership

Finding a car or truck that saves on insurance costs is important. But, it's also imperative to view all major Tesla Model Y costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: