Tesla Model Y Insurance Rates

Tesla Model Y Insurance Rates

Auto insurance for a Tesla Model Y will cost about $4,418 per year.

This is more than the national average for luxury SUV models by $1,523. 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.

$13,94618$20,479$23,957$6,29625$9,245$10,816$4,90530$7,202$8,426$4,41840$6,487$7,589$3,94355$5,790$6,773Age of DriverAge$0$2k$4k$6k$8k$10k$12k$14k$16k$18k$20k$22kGood Driver and CreditRecent At-Fault AccidentPoor Credit RatingTesla Model Y Annual Insurance Premium
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

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Tesla Model Y Insurance Rates by Age*

Age Good Driver Recent Accident Poor Credit
17 $14,965 $21,975 $25,708
18 $13,946 $20,479 $23,957
19 $12,325 $18,098 $21,172
20 $10,747 $15,780 $18,461
21 $9,012 $13,234 $15,482
22 $8,777 $12,888 $15,078
23 $7,680 $11,277 $13,193
24 $7,296 $10,713 $12,533
25 $6,296 $9,245 $10,816
30 $4,905 $7,202 $8,426
35 $4,594 $6,745 $7,891
40 $4,418 $6,487 $7,589
45 $4,299 $6,313 $7,385
55 $3,943 $5,790 $6,773
65 $4,113 $6,039 $7,065
75 $5,191 $7,622 $8,917

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 $4,681 $6,799 $8,654
Alaska $3,872 $5,367 $5,217
Arizona $4,377 $6,328 $9,323
Arkansas $4,799 $7,541 $8,302
California $5,343 $9,449 $5,343
Colorado $4,987 $6,979 $8,854
Connecticut $6,371 $9,880 $12,542
Delaware $5,274 $7,029 $9,028
Florida $6,280 $8,688 $11,321
Georgia $5,119 $7,655 $7,719
Hawaii $2,045 $2,776 $2,045
Idaho $3,553 $4,710 $5,726
Illinois $3,719 $5,621 $6,409
Indiana $3,821 $5,841 $6,554
Iowa $3,026 $4,150 $4,880
Kansas $4,026 $5,858 $6,851
Kentucky $5,820 $8,544 $10,089
Louisiana $7,472 $11,294 $12,246
Maine $2,825 $3,905 $5,766
Maryland $4,572 $6,654 $7,391
Massachusetts $3,666 $6,396 $3,666
Michigan $8,848 $13,483 $21,267
Minnesota $3,642 $4,856 $6,838
Mississippi $4,397 $6,271 $6,312
Missouri $4,143 $5,923 $7,781
Montana $4,212 $5,877 $6,841
Nebraska $3,560 $5,265 $5,720
Nevada $5,873 $8,711 $9,202
New Hampshire $4,085 $6,460 $8,166
New Jersey $4,501 $7,061 $9,241
New Mexico $4,596 $6,837 $7,097
New York $4,258 $5,361 $8,949
North Carolina $2,639 $4,534 $3,234
North Dakota $3,612 $5,489 $6,492
Ohio $3,220 $4,967 $5,093
Oklahoma $5,142 $7,363 $8,291
Oregon $4,679 $6,279 $7,499
Pennsylvania $3,942 $5,787 $6,771
Rhode Island $6,581 $9,653 $10,870
South Carolina $4,469 $6,194 $8,549
South Dakota $4,010 $5,778 $6,667
Tennessee $4,716 $6,942 $9,245
Texas $4,749 $6,861 $8,534
Utah $4,040 $5,661 $7,790
Vermont $3,110 $4,789 $5,062
Virginia $2,930 $4,498 $4,409
Washington $3,878 $5,264 $6,285
West Virginia $3,902 $5,588 $7,001
Wisconsin $3,890 $6,073 $6,926
Wyoming $3,632 $5,084 $5,414

Tesla Model Y 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.

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:

Tesla Model Ys For Sale

2022 Tesla Model Y Long Range

Mileage: 16,500
Mileage: 16,500     Price: $44,995
Location: Columbus, OH ~ 4 miles away
Dealer: Pak Motors
Days on Market: 297
Colors (ext/int): White / Black

$44,995


2022 Tesla Model Y Performance

2022 Tesla Model Y Performance

Mileage: 54,537
Mileage: 54,537     Price: $28,545
Location: Columbus, OH ~ 6 miles away
Dealer: Auto Boutique - Ohio
Days on Market: 15
Colors (ext/int): Silver / White/Black

$28,545


2023 Tesla Model Y Long Range

2023 Tesla Model Y Long Range

Mileage: 15,072
Mileage: 15,072     Price: $35,078
Location: Columbus, OH ~ 6 miles away
Dealer: Auto Boutique - Ohio
Days on Market: 67
Colors (ext/int): Gray / Black

$35,078



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