Tesla Model Y Insurance Cost

Auto insurance for a Tesla Model Y will cost about $2,360 per year.

This is more than the national average for luxury SUV models by $573. 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 $7,994 $11,738 $13,732
18 $7,449 $10,939 $12,797
19 $6,583 $9,667 $11,309
20 $5,740 $8,429 $9,861
21 $4,814 $7,069 $8,269
22 $4,688 $6,884 $8,054
23 $4,102 $6,024 $7,047
24 $3,897 $5,723 $6,695
25 $3,363 $4,938 $5,777
30 $2,620 $3,847 $4,501
35 $2,454 $3,603 $4,215
40 $2,360 $3,465 $4,054
45 $2,296 $3,372 $3,945
55 $2,106 $3,093 $3,618
65 $2,197 $3,226 $3,774
75 $2,773 $4,072 $4,763

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 $2,500 $3,632 $4,623
Alaska $2,068 $2,867 $2,787
Arizona $2,338 $3,380 $4,980
Arkansas $2,563 $4,028 $4,435
California $2,854 $5,047 $2,854
Colorado $2,664 $3,728 $4,729
Connecticut $3,403 $5,278 $6,699
Delaware $2,817 $3,754 $4,822
Florida $3,354 $4,640 $6,047
Georgia $2,735 $4,089 $4,123
Hawaii $1,092 $1,483 $1,092
Idaho $1,898 $2,516 $3,059
Illinois $1,986 $3,003 $3,424
Indiana $2,041 $3,120 $3,501
Iowa $1,616 $2,217 $2,607
Kansas $2,150 $3,129 $3,660
Kentucky $3,109 $4,563 $5,389
Louisiana $3,991 $6,033 $6,541
Maine $1,509 $2,086 $3,080
Maryland $2,442 $3,554 $3,948
Massachusetts $1,958 $3,416 $1,958
Michigan $4,726 $7,202 $11,360
Minnesota $1,945 $2,594 $3,653
Mississippi $2,348 $3,350 $3,372
Missouri $2,213 $3,164 $4,156
Montana $2,250 $3,139 $3,654
Nebraska $1,902 $2,812 $3,055
Nevada $3,137 $4,653 $4,915
New Hampshire $2,182 $3,451 $4,362
New Jersey $2,404 $3,772 $4,936
New Mexico $2,455 $3,652 $3,791
New York $2,274 $2,864 $4,780
North Carolina $1,410 $2,422 $1,727
North Dakota $1,929 $2,932 $3,467
Ohio $1,720 $2,653 $2,720
Oklahoma $2,747 $3,933 $4,428
Oregon $2,500 $3,354 $4,006
Pennsylvania $2,105 $3,091 $3,617
Rhode Island $3,515 $5,156 $5,806
South Carolina $2,387 $3,308 $4,566
South Dakota $2,142 $3,086 $3,561
Tennessee $2,519 $3,708 $4,938
Texas $2,537 $3,665 $4,558
Utah $2,158 $3,024 $4,161
Vermont $1,661 $2,558 $2,704
Virginia $1,565 $2,403 $2,355
Washington $2,071 $2,811 $3,357
West Virginia $2,084 $2,985 $3,740
Wisconsin $2,078 $3,244 $3,700
Wyoming $1,940 $2,716 $2,892

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: