Tesla Model Y Insurance
Average insurance costs for the Tesla Model Y (2024-2026). Compare rates from 8+ top insurers and find the best coverage.
Full Coverage
$323/mo
Liability Only
$125/mo
Safety Rating
5★/5
Average Tesla Model Y Insurance Rates
| Coverage Type | Monthly | Annual |
|---|---|---|
| Liability Only | $125 | $1,500 |
| Full Coverage | $323 | $3,874 |
Based on a 35-year-old driver with clean record and good credit. Rates vary by state, age, and driving history.
Tesla Model Y Insurance Rates by Age
| Driver Age | Monthly Rate | Annual Rate |
|---|---|---|
| 18–25 | $380 | $4,560 |
| 26–35 | $323 | $3,876 |
| 36–55 | $285 | $3,420 |
| 55+ | $305 | $3,660 |
What Affects Your Tesla Model Y Insurance Rate
- Vehicle Class: Compact EV SUV
- Safety Rating: 5★ NHTSA, TSP+ IIHS
- Theft Risk: low
- Model Years: 2024-2026
Tesla Model Y Safety Features
✓Autopilot
✓Automatic Emergency Braking
✓Forward Collision Warning
✓Blind Spot Monitoring
✓Lane Departure Avoidance
Available Discounts for Tesla Model Y
- %EV discount (5-10%)
- %Anti-theft system discount
- %Good driver discount
- %Paperless billing
- %Pay-in-full discount
Tesla Model Y Theft Risk
Risk Level:Low
Low theft risk due to advanced security features. However, high repair costs for EV components significantly increase insurance premiums.
Frequently Asked Questions
How much is insurance for a Tesla Model Y?▼
The average cost of Tesla Model Y insurance is $323/month ($3,874/year) for full coverage. Liability-only coverage averages $125/month ($1,500/year). Tesla vehicles are among the most expensive to insure.
Why is Tesla Model Y insurance so expensive?▼
Tesla insurance costs are driven by high repair costs for EV-specific components, expensive body panels, specialized labor requirements, and high replacement part costs. Despite low theft rates, repair expenses dominate pricing.
Can I get discounts on Tesla insurance?▼
Yes. Look for EV-specific discounts (5-10%), bundle discounts, good driver discounts, and Tesla's own insurance program which uses vehicle data for personalized rates.
Is Tesla insurance cheaper than other EVs?▼
Tesla insurance is generally comparable to other luxury EVs but higher than mainstream EVs. Tesla's own insurance program can offer competitive rates by leveraging vehicle telematics data.
What coverage do I need for a Tesla Model Y?▼
Full coverage is strongly recommended for Tesla vehicles given their high value and repair costs. Consider gap insurance if you have a loan, as depreciation can be significant.
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