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Tesla Model Y Car Insurance
How much does car insurance cost for your Tesla Model Y? We collected quotes from thousands of drivers to find cheapest rate.
Compare Car Insurance Rates for Your Model Y
What is the Average Cost to Insure a Tesla Model Y?
Tesla Model Y
How much does car insurance cost for Tesla Model Y? Your age, location, driving history, education and marital status all play a major factor in the price you pay to insure your vehicle. We analyzed our car insurance rate data and calculated the average rate that you can expect to pay based on your age. We also looked at the average rate that some of the top car insurance companies are charging drivers. Keep in mind, these are just average and your actual price may vary. Check out more information about the Tesla Model Y below.
Tesla Model Y Insurance Model Year by Age Group
The price you pay to insure your Tesla Model Y can vary based on your age group. Here are the average rates you can expect to pay.
| Year | 16-19 yr old | 20-29 yr old | 30-39 yr old | 40-49 yr old | 50-59 yr old | 60+ yr old |
| 2024 | N/A | $166.71 / mo | $242.32 / mo | $107.17 / mo | $99.85 / mo | $176.09 / mo |
| 2023 | $1,068.62 / mo | $303.08 / mo | $236.86 / mo | $192.67 / mo | $215.59 / mo | $254.37 / mo |
| 2022 | $1,720.69 / mo | $262.90 / mo | $231.79 / mo | $189.48 / mo | $232.64 / mo | $222.08 / mo |
| 2021 | $1,295.63 / mo | $283.78 / mo | $244.19 / mo | $223.51 / mo | $234.36 / mo | $263.58 / mo |
| 2020 | N/A | $305.79 / mo | $155.49 / mo | $251.19 / mo | $387.70 / mo | $263.27 / mo |
2024 Tesla Model Y Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Plymouth Rock Assurance | $723.00 / year |
| Safeco | $1,122.00 / year |
| New York Central Mutual Fire | $1,219.00 / year |
| Capital Insurance Group | $1,263.00 / year |
| SECURA Insurance | $1,386.00 / year |
| PEMCO | $1,422.00 / year |
| Unitrin | $1,517.00 / year |
| National General | $1,595.00 / year |
| USAA | $1,819.00 / year |
| Nationwide | $1,929.00 / year |
2024 Tesla Model Y Insurance
Average Cost to Insure
$1,401.63 / year
Cheapest Rate
$723.00 / year Plymouth Rock Assurance
Available Trims
4dr SPORT UTILITY VEHICLE (cyl)
2023 Tesla Model Y Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Victoria | $275.00 / year |
| Mercury Insurance | $507.00 / year |
| Safeco | $724.00 / year |
| Texas Farm Bureau Group | $738.00 / year |
| New York Central Mutual Fire | $1,225.00 / year |
| Farm Bureau Mutual (IA Group) | $1,240.00 / year |
| Capital Insurance Group | $1,246.00 / year |
| Plymouth Rock Assurance | $1,327.00 / year |
| Nationwide | $1,338.00 / year |
| SECURA Insurance | $1,375.00 / year |
2023 Tesla Model Y Insurance
Average Cost to Insure
$748.27 / year
Cheapest Rate
$275.00 / year Victoria
Available Trims
4dr SPORT UTILITY VEHICLE (cyl)
2022 Tesla Model Y Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Victoria | $249.00 / year |
| NatGen Advantage | $635.00 / year |
| Mercury Insurance | $800.00 / year |
| Virginia Farm Bureau | $951.00 / year |
| American National P | $1,083.00 / year |
| Indiana Farmers Mutual Ins | $1,128.00 / year |
| Texas Farm Bureau Group | $1,135.00 / year |
| Safeco | $1,242.00 / year |
| Capital Insurance Group | $1,254.00 / year |
| North Carolina Farm Bureau | $1,261.00 / year |
2022 Tesla Model Y Insurance
Average Cost to Insure
$667.20 / year
Cheapest Rate
$249.00 / year Victoria
Available Trims
4dr SPORT UTILITY VEHICLE (cyl)
2021 Tesla Model Y Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Victoria | $249.00 / year |
| Safeco | $808.00 / year |
| Kemper Auto | $902.00 / year |
| Texas Farm Bureau Group | $918.00 / year |
| United Farm Bureau of IN Group | $944.00 / year |
| Mercury Insurance | $982.00 / year |
| Plymouth Rock Assurance | $991.00 / year |
| Pekin Insurance | $1,006.00 / year |
| Buckeye Insurance Group | $1,049.00 / year |
| Kemper Auto | Infinity | $1,120.00 / year |
2021 Tesla Model Y Insurance
Average Cost to Insure
$689.63 / year
Cheapest Rate
$249.00 / year Victoria
Available Trims
4dr SPORT UTILITY VEHICLE (cyl)
2020 Tesla Model Y Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Safeco | $419.00 / year |
| Pekin Insurance | $908.00 / year |
| Mercury Insurance | $1,186.00 / year |
| SECURA Insurance | $1,395.00 / year |
| Auto-Owners Insurance Co | $1,433.00 / year |
| Capital Insurance Group | $1,816.00 / year |
| California Capital | $1,902.00 / year |
| Mutual Of Enumclaw | $1,943.00 / year |
| Oregon Mutual | $1,997.00 / year |
| PEMCO | $2,020.00 / year |
2020 Tesla Model Y Insurance
Average Cost to Insure
$1,311.07 / year
Cheapest Rate
$419.00 / year Safeco
Available Trims
4dr SPORT UTILITY VEHICLE (cyl)
Compare Model Y to other Tesla Models
Wondering how the Model Y compares to other Tesla Models? Check out the average rates for each vehicle below.
Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
