Buy Cheap Tesla Model Y Auto Insurance in 2025
The price of car insurance for the Tesla Model Y depends on a lot of factors. Among the things that can impact your Tesla Model Y car insurance rates are your driving history and where you live. Of course, the purchase price of the Tesla Model Y also affects car insurance rates, and that depends on trim level and options.
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active insurance licenses in seven states and over 20 years of professional experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ach...
Licensed Agent & Financial Advisor
UPDATED: Jul 28, 2023
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 28, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Crash test ratings have an impact on Tesla Model Y auto insurance rates
- Safety features of the Tesla Model Y can earn you a car insurance discount
- The cost of insurance for a Tesla Model Y depends on the trim level
Before you buy a Tesla Model Y, or even if you already own one, you’ll want to get the best Tesla Model Y auto insurance rates. The cost of auto insurance for a Tesla Model Y can vary from company to company and be based on personal factors like driving record, too.
The best way to get affordable Tesla Model Y auto insurance is to shop around and compare. Before you do that, take a look at the details we’ve gathered on what affects Tesla auto insurance for a Model Y. You can also compare Tesla Model Y auto insurance rates to the average cost of insurance for competitors like Infiniti QX4 and GMC Suburban.
To compare Tesla Model Y auto insurance quotes from top companies, enter your ZIP code above now. It’s fast and free.
Are vehicles like the Tesla Model Y expensive to insure?
Take a look at how insurance rates for similar models to the Tesla Model Y look. These insurance rates for other SUVs like the Chevrolet Tahoe, Infiniti QX4, and GMC Suburban give you a good idea of what to expect.
Insurance Rates for Vehicles Similar to the Tesla Model Y
| Vehicle | Comprehensive | Collision | Liability | Total |
|---|---|---|---|---|
| Volkswagen Tiguan | $322 | $562 | $316 | $1,336 |
| Subaru Tribeca | $270 | $450 | $452 | $1,330 |
| Toyota Sequoia | $332 | $566 | $398 | $1,454 |
| Cadillac Escalade ESV | $464 | $720 | $390 | $1,732 |
| Jeep Wrangler | $280 | $376 | $420 | $1,256 |
| Land Rover Range Rover Sport | $430 | $814 | $416 | $1,818 |
| Chevrolet Tahoe Hybrid | $290 | $516 | $456 | $1,420 |
| Volvo XC60 | $306 | $536 | $338 | $1,316 |
Read more: Buy Cheap Land Rover Auto Insurance
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What impacts the cost of Tesla Model Y insurance?
The Tesla Model Y trim and model you choose can impact the total price you will pay for Tesla Model Y insurance coverage.
You can also expect your Tesla Model Y rates to be affected by where you live, your driving history, and in most states your age and gender.
Tesla Model Y Crash Test Ratings
Good Tesla Model Y crash test ratings can lower your Tesla Model Y auto insurance rates. You can see Tesla Model Y crash test results here.
Tesla Model Y Crash Test Ratings
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2020 Tesla Model Y SUV AWD | N/R | N/R | N/R | N/R |
Ways to Save on Tesla Model Y Insurance
If you want to reduce the cost of your Tesla Model Y insurance rates, follow these tips below:
- Move to an area with a lower cost of living
- Choose a Tesla Model Y with cheaper repair costs
- Check Tesla Model Y auto insurance rates through Costco
- Tell your insurer how you use your Tesla Model Y
- Work with a direct insurer instead of an insurance broker for your Tesla Model Y
Top Tesla Model Y Insurance Companies
What is the best auto insurance company for Tesla Model Y insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Tesla Model Y auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features found on the Tesla Model Y.
Largest Auto Insurers by Market Share
| Rank | Company | Volume | Market Share |
|---|---|---|---|
| 1 | State Farm | $66,153,063 | 9.1% |
| 2 | Geico | $46,358,896 | 6.4% |
| 3 | Progressive | $41,737,283 | 5.7% |
| 4 | Allstate | $39,210,020 | 5.4% |
| 5 | Liberty Mutual | $36,172,570 | 5.0% |
| 6 | Travelers | $28,786,741 | 4.0% |
| 7 | USAA | $24,621,246 | 3.4% |
| 8 | Chubb | $24,199,582 | 3.3% |
| 9 | Farmers | $20,083,339 | 2.8% |
| 10 | Nationwide | $18,499,967 | 2.5% |
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Comparing Free Tesla Model Y Insurance Quotes Online
You can compare quotes for Tesla Model Y auto insurance rates from some of the best auto insurance companies by using our free online tool now.
Frequently Asked Questions
Can I find cheap auto insurance specifically for the Tesla Model Y?
Yes, it is possible to find affordable auto insurance specifically tailored for the Tesla Model Y. While Tesla vehicles are often associated with higher insurance costs due to their advanced technology and luxury status, there are still opportunities to find competitive rates for insuring a Tesla Model Y.
What can I do to lower the cost of Tesla Model Y auto insurance?
There are several strategies you can consider to potentially lower the cost of your Tesla Model Y auto insurance:
- Maintain a good driving record: A clean driving record with no accidents or traffic violations can help you secure lower insurance premiums.
- Opt for higher deductibles: Choosing a higher deductible means you will pay more out of pocket in the event of a claim, but it can lower your monthly insurance premiums.
- Install safety features: The Tesla Model Y comes equipped with advanced safety features such as autopilot, collision avoidance, and advanced driver assistance systems. These features may result in discounts on your insurance premiums.
- Utilize available discounts: Inquire with insurance companies about any available discounts for electric vehicles or safety features specific to the Tesla Model Y.
- Shop around and compare quotes: Obtain quotes from multiple insurance providers to compare rates and find the most affordable option for your Tesla Model Y.
Does the age of my Tesla Model Y affect my insurance rates?
Yes, the age of your Tesla Model Y can impact your insurance rates. Generally, newer vehicles, including the Tesla Model Y, tend to have higher insurance premiums due to their higher value and potential repair costs. As your Tesla Model Y ages, insurance rates may decrease, provided the vehicle remains in good condition. Other factors such as your location, driving history, and coverage preferences also play a role in determining your insurance rates.
Can modifications to my Tesla Model Y affect my insurance rates?
Yes, modifications to your Tesla Model Y can impact your insurance rates. Adding aftermarket modifications or enhancements that alter the vehicle’s performance, value, or safety features may increase the cost of insurance. It’s important to inform your insurance provider about any modifications made to your Tesla Model Y to ensure you have adequate coverage and accurate insurance rates for your customized vehicle.
Can I get cheap Tesla Model Y auto insurance if I’m a young or inexperienced driver?
Young or inexperienced drivers often face higher insurance premiums due to the increased risk associated with their lack of driving experience. However, there are ways to potentially reduce the cost of Tesla Model Y auto insurance as a young or inexperienced driver. These include completing driver training courses, maintaining good grades if you’re a student, and considering being added to a parent or guardian’s insurance policy as an additional driver. Shopping around and comparing quotes from different insurance companies can also help find more affordable rates.
Compare Quotes From Top Companies and Save
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active insurance licenses in seven states and over 20 years of professional experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ach...
Licensed Agent & Financial Advisor
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.