Tesla Model Y Insurance Cost

Auto insurance for a Tesla Model Y will cost about $2,950 per year.

This is more than the national average for luxury SUV models by $883. 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.

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. Visit our Competitive Quote Tool to see if you can find lower rates for a Model Y.

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

These Tesla Model Y insurance cost estimates are a result of our ongoing nationwide research and analysis, but they are only averages. We recommend that you let our trusted insurance partners do the shopping for you using our Competitive Quote Tool. While it's free to use, we do receive a small commission if you find a better deal.

Tesla Model Y insurance Cost

Age Good Driver Recent Accident Poor Credit
17 $9,994 $14,885 $17,596
18 $9,313 $13,872 $16,398
19 $8,231 $12,259 $14,492
20 $7,177 $10,690 $12,636
21 $6,018 $8,964 $10,597
22 $5,861 $8,730 $10,320
23 $5,129 $7,639 $9,030
24 $4,872 $7,257 $8,579
25 $4,205 $6,263 $7,403
30 $3,275 $4,879 $5,767
35 $3,068 $4,569 $5,401
40 $2,950 $4,395 $5,195
45 $2,871 $4,276 $5,055
55 $2,633 $3,922 $4,636
65 $2,746 $4,091 $4,836
75 $3,467 $5,163 $6,104

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 $3,126 $4,379 $5,480
Alaska $2,586 $3,766 $3,946
Arizona $2,923 $4,535 $6,466
Arkansas $3,205 $4,854 $5,431
California $3,568 $6,241 $3,568
Colorado $3,330 $4,610 $5,751
Connecticut $4,254 $6,578 $8,425
Delaware $3,522 $4,849 $6,438
Florida $4,193 $5,696 $7,426
Georgia $3,419 $5,269 $5,406
Hawaii $1,366 $1,885 $1,366
Idaho $2,373 $3,193 $3,975
Illinois $2,484 $3,671 $4,257
Indiana $2,551 $3,987 $4,653
Iowa $2,021 $3,031 $3,533
Kansas $2,689 $3,958 $4,689
Kentucky $3,887 $5,846 $6,876
Louisiana $4,989 $7,625 $8,210
Maine $1,887 $2,531 $3,693
Maryland $3,053 $4,477 $5,287
Massachusetts $2,448 $4,141 $2,448
Michigan $5,908 $8,883 $13,658
Minnesota $2,432 $3,267 $4,836
Mississippi $2,936 $4,435 $4,685
Missouri $2,766 $3,810 $4,928
Montana $2,813 $4,401 $4,854
Nebraska $2,378 $3,366 $3,829
Nevada $3,922 $5,920 $6,494
New Hampshire $2,728 $4,397 $5,599
New Jersey $3,006 $4,739 $6,113
New Mexico $3,069 $4,417 $4,960
New York $2,843 $3,703 $5,977
North Carolina $1,762 $2,845 $2,193
North Dakota $2,412 $3,713 $4,713
Ohio $2,150 $3,517 $3,644
Oklahoma $3,434 $5,156 $5,848
Oregon $3,125 $4,720 $5,415
Pennsylvania $2,632 $3,980 $4,568
Rhode Island $4,395 $6,744 $7,713
South Carolina $2,984 $4,319 $6,163
South Dakota $2,678 $3,684 $4,420
Tennessee $3,149 $4,710 $5,943
Texas $3,172 $4,668 $5,859
Utah $2,698 $3,901 $5,380
Vermont $2,077 $3,321 $3,630
Virginia $1,956 $2,946 $3,130
Washington $2,590 $3,891 $4,588
West Virginia $2,606 $3,795 $4,686
Wisconsin $2,598 $3,792 $4,606
Wyoming $2,425 $3,564 $3,984

Other Important Costs of Owning a Tesla Model Y

Insurance is a major vehicle related expense. There are also some others to be aware of. See our cost analyses on Tesla Model Y depreciation, maintenance and financing. These will provide you with even more knowledge before making such an important financial decision.

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Do you have more questions on our data or methodologies? Great, we're skeptics too. Here are some common questions and answers.