Tesla Model Y Car Insurance Quotes (2025)
Full-coverage insurance for the Tesla Model Y costs $396 per month, on average.
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While the Model Y isn’t the most affordable Tesla option, with a starting MSRP of $61,630, it’s not the most expensive either, making it a popular option for Tesla drivers.1 On average, drivers spend $396 per month on full-coverage car insurance for a 2025 Tesla Model Y. This is significantly more than the national average cost of $143 per month.
It’s important to note that Tesla Model Y insurance costs can vary depending on the model year. The older your car is, the cheaper it typically is to insure.
Here’s what you should know about finding car insurance for your Tesla Model Y.
Cost of Tesla Model Y insurance by model year
The model of your vehicle and the car insurance company you choose will affect how much you spend on auto insurance.
The overall average cost of car insurance for a 2025 Tesla Model Y is $290 per month, making it the most expensive model year to insure. But if you drive a 2022 Tesla Model Y, you’ll generally spend less on your car insurance premium.
You can compare average full-coverage rates for the Tesla Model Y by model year in the following table.
The cost of a new 2025 Tesla Model Y ranges from $44,990 to $51,490, depending on the trim level. But it has a starting MSRP of $61,630 because of new features, including an extended mileage range, refined styling, and a rear-seat infotainment system.
Teslas can be expensive to insure, and the 2025 Model Y is no exception. For full coverage, Tesla drivers can expect an average rate of $396 per month. Liability insurance is cheaper, at $183 per month.
USAA offers the cheapest full-coverage insurance rates for the 2025 Model Y, followed by GEICO and State Farm. USAA’s rates are 18% lower than GEICO’s. The table below shows full-coverage rates for the 2025 Model Y from several popular insurers.
The 2024 Tesla Model Y’s MSRP ranges between $43,990 and $52,490, depending on the trim level. The 2024 Model Y has comparable insurance rates to the 2025 model, with liability coverage costing $182 per month and full coverage costing $396 per month.
USAA and GEICO have the cheapest full-coverage rates for the 2024 Model Y, with monthly averages of $185 and $219, respectively. Here are the average rates for full-coverage insurance for a 2024 Model Y single-car policy from different insurance companies.
The 2023 Tesla Model Y comes with a starting price of $50,490.
USAA, State Farm, GEICO, and Allstate have the cheapest insurance for this model year — all with monthly averages of less than $155. The following table outlines the average car insurance quotes for this model with a handful of popular car insurance companies.
The 2022 Tesla Model Y had an MSRP of $64,990.2
USAA offers the lowest average cost for a 2022 Model Y, at $116 per month. The General has the most expensive monthly rates, at $297 per month — a difference of 156%. Compare average monthly quotes from other insurance companies for the 2022 Model Y in the table below.
Auto insurance prices continue to drop with the 2021 Tesla Model Y, which had an MSRP of $41,190.
USAA, State Farm, and GEICO offer the cheapest coverage options for a 2021 Model Y, all with monthly averages of less than $130. The table below highlights the average monthly quotes for this model year across popular insurers.
The 2020 Tesla Model Y had a starting price of $54,190, much higher than the 2021 model.
USAA has the cheapest coverage for a 2020 Tesla Model Y, with a monthly average cost of $112, followed by State Farm ($124) and GEICO ($128). See other quotes for the 2020 Model Y from different insurance companies in the following table.
The 2019 Tesla Model Y had an MSRP of $49,990.
USAA, State Farm, and GEICO are the cheapest insurers for the 2019 Model Y, all with monthly rates of less than $125. The table below highlights the average monthly quotes for this vehicle with different auto insurers.
Average cost of Tesla car insurance by state
Where you live can have a big effect on how much you pay for car insurance. Drivers in more populated areas tend to pay more than drivers in rural areas because of higher accident and theft rates and generally having more drivers on the road.
The map below shows how Tesla insurance rates fluctuate based on what state you live in. Alaska and Hawaii aren’t included due to insufficient data.
How to ensure you have enough coverage on your Tesla Model Y
At a bare minimum, you must have liability coverage to drive legally in every state except New Hampshire. But you also have the option to purchase more extensive coverage, which many drivers do to make sure they have financial protection in the event of an incident. Some common additional coverages include:
Tesla Model Y car insurance FAQs
For even more insight into Tesla Model Y car insurance, check out these answers to some of the most commonly asked questions about the electric vehicle.
Typically, USAA offers the cheapest car insurance for Tesla Model Y drivers. For example, if you drive the 2025 Model Y, USAA offers a full-coverage policy for an average of $187 per month. But USAA limits coverage to military families, both active duty and veterans. For people who don’t qualify, State Farm and GEICO are the second and third cheapest on average.
Yes. You’ll spend more on car insurance for a Tesla Model Y than on other makes and models. While the average cost of insuring a car nationwide is $143 per month, the average Tesla Y premium is $290 per month.
The average cost of insuring a Tesla Model Y is $290 per month, but the car insurance company you choose can affect your insurance rates significantly.
It’s a good idea to ask your insurance agent for information on discounts to save even more money when insuring your Tesla Model Y. For example, many insurers offer discounts for good students and military members.
Various factors can affect the average insurance cost of your Tesla Model Y, including your age, driving record, model year, location, vehicle type, credit history, marital status, and coverage selections. Additionally, factors such as mileage, usage, and car safety features also play a role in determining insurance premiums.3
Keep in mind that people with clean driving histories pay lower rates than drivers with past traffic violations on their record.
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