Compare Tesla Model Y Insurance Cost For 2022: Buy/Renew

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Compare Tesla Model Y insurance and get the best deals where rates are starting from $163 per month. Get auto insurance online, learn tips & tricks to save money on your policy, how to get car insurance for the first time, what factors affect the cost of Tesla electric vehicles, etc.

With Tesla Model Y MSRP of $52,000 plus, it is the least expensive amongst Tesla model. While it is not the cheapest compared to other midsize SUVs in the automotive market. The insurance cost of the Tesla Model Y is $414 more per year on average when compared to other midsize SUVs.

Let us find out how much does average car insurance for tesla model y costs? How to get discounts, best insurance for tesla model y, compare it with different states, zip codes, models, age, trim levels, etc.

Mount Shine will help you provide every information about the Tesla car insurance that leads to lower policy rates, monthly installments, or duration.

How Much Does A Tesla Model Y Insurance Costs To Insure?

The average Tesla Model Y insurance cost is $1,960 per year, or $163 per month depending on the trim levels.

Tesla Model Y Insurance Cost
Tesla Model Y Blue

Here is the breakdown of Tesla Model Y car insurance costs to see how much is the individual coverages, comprehensive coverage, liability coverage, and collision coverage:

  • Individual Coverage, comprehensive coverage for Tesla Model S Insurance – $496 a year
  • Liability/medical for Tesla Model S Insurance – $508
  • Collision coverage for Tesla Model S Insurance – $956

From the table below, compare the average 2022 Tesla Model Y insurance cost using an assortment of different driver ages and risk profiles.

Driver Risk ProfileAnnual RateMonthly Rate
High Risk Driver Age 30$4,454$371
Safe Driver Age 20$3,902$325
At-fault Accidents Age 40$2,752$229
Low Deductibles Age 40$2,602$217
Safe Driver Age 30$2,078$173
Safe Driver Age 40$1,960$163
Safe Driver Age 50$1,782$149
Safe Driver Age 60$1,748$146
High Deductibles Age 40$1,630$136
Discount Rate Age 40$1,628$136

Read – Honda Clarity Insurance Cost: Compare, Buy/Renew

What Is The Cheapest Tesla Model S Insurance Cost?

The cost of Tesla insurance changes by model, and trim level also impact auto insurance rates so drivers should take this into consideration while choosing their vehicle. In the United States, auto insurance companies do take trim into consideration while finalizing the premium for your Tesla car.

2016 Tesla Model Y
2016 Tesla Model Y

For example, 2022 Tesla car insurance rates vary between the Performance and Long Range Model Y trim levels. The rates may be lower for 75D trim than the same car with P100D trim. Currently, Tesla model Y trim levels are available in 75D, 100D, and P100D.

From the table below, compare the 2022 Tesla Model Y car insurance policy according to the trim level.

Tesla Model Y Trim LevelAnnual Policy6-month PolicyPer Month
Long Range AWD$1,922$961$160
Performance AWD$1,996$998$166

Also Read – Honda Accord Insurance Rates: Compare, Buy/Renew

Compare Tesla Model Y Insurance Cost By Location

According to our research, the Tesla Model Y insurance cost varies by location too. For a new Tesla model for a driver in California, the insurance cost can be different than Illinois, IL, or Texas.

Tesla Model Y Red
Tesla Model Y Red

A driver can get lower rates in Columbus, OH where it can cost $1,484 per year to $3,812 in Miami, FL, which is one the more expensive side. Tesla model y insurance estimate for Virginia Beach, VA, can be $1,226 and in Detroit, it can surprisingly cost $7,726 a year.

In some other cities Tesla car insurance for Model Y like in San Diego, CA, can cost $2,218, Milwaukee, WI, at $1,994, and Louisville, KY, averaging $3,138, Minneapolis, MN, at an estimated $2,076.

From the table below, compare the 2022 Tesla Model Y insurance cost by location.

City/StateAnnual RateMonthly Rate
New York, NY$3,726$311
Philadelphia, PA$3,288$274
Los Angeles, CA$3,274$273
San Francisco, CA$2,814$235
Jacksonville, FL$2,798$233
San Jose, CA$2,330$194
Phoenix, AZ$2,268$189
San Diego, CA$2,218$185
Chicago, IL$2,146$179
Dallas, TX$2,110$176
Houston, TX$2,096$175
Indianapolis, IN$1,986$166
San Antonio, TX$1,888$157
Austin, TX$1,796$150
Columbus, OH$1,484$124

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Compare Tesla Model Y Insurance Cost By State

While buying the Tesla Model Y car make sure you check out which state offers the cheapest insurance for a Tesla. In our comparison, we found states like Ohio, Virginia and Lowa offers the cheapest insurance for Tesla Model Y car costing $1,146, $1,274, and $1,426 respectively.

The most expensive insurance is in Michigan ($3,142) and Florida ($2,884). The cost for Tesla insurance in Massachusetts is $1,616, New York is $2,100, Kansas is $1,984, Maryland is $1,782, and South Carolina is $1,818 per year respectively.

From the table below, compare the 2022 Tesla Model Y insurance cost by state and find Find cheap auto insurance quotes in your area.

U.S. StateAnnual Cost6-month CostMonthly Cost
Alabama$1,606$803$134
Alaska$1,732$866$144
Arizona$1,756$878$146
Arkansas$2,112$1,056$176
California$2,262$1,131$189
Colorado$2,106$1,053$176
Connecticut$1,914$957$160
Delaware$2,002$1,001$167
Florida$2,884$1,442$240
Georgia$1,908$954$159
Hawaii$1,340$670$112
Idaho$1,556$778$130
Illinois$1,592$796$133
Indiana$1,474$737$123
Iowa$1,426$713$119
Kansas$1,984$992$165
Kentucky$2,294$1,147$191
Louisiana$2,856$1,428$238
Maine$1,364$682$114
Maryland$1,782$891$149
Massachusetts$1,616$808$135
Michigan$3,142$1,571$262
Minnesota$1,734$867$145
Mississippi$1,864$932$155
Missouri$2,094$1,047$175
Montana$1,922$961$160
Nebraska$1,884$942$157
Nevada$2,164$1,082$180
New Hampshire$1,192$596$99
New Jersey$1,864$932$155
New Mexico$1,582$791$132
New York$2,100$1,050$175
North Carolina$1,254$627$105
North Dakota$1,640$820$137
Ohio$1,146$573$96
Oklahoma$1,920$960$160
Oregon$1,652$826$138
Pennsylvania$1,660$830$138
Rhode Island$2,326$1,163$194
South Carolina$1,818$909$152
South Dakota$1,786$893$149
Tennessee$1,560$780$130
Texas$1,860$930$155
Utah$1,630$815$136
Vermont$1,312$656$109
Virginia$1,274$637$106
Washington$1,498$749$125
West Virginia$1,774$887$148
Wisconsin$1,340$670$112
Wyoming$1,810$905$151

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How To Get Discounts On Tesla Model Y insurance Cost?

Tesla car insurance can be expensive but you can get lower monthly insurance premiums by finding a discount. Here is your guide to car insurance discounts where Mount Shine looked at the Top 10 ways in the nation to see how you can qualify:

1. Multi-policy discount

2. Good driver discount

3. Persistency/loyalty discount

4. Anti-theft device discount

5. Mature driver improvement course discount

6. Airbag discount

7. Group rate

8. Better credit scores

9. Your occupation

10. Choosing a low deductible

How To Apply Car Insurance For Tesla Model Y in 2022?

Let Mount Shine help you, we have a wide network of best insurance companies across 50 states of the United States that guide you to the best offers, payment options, auto insurance deals, etc. Check yourself for Tesla Model Y insurance costs and then buy or renew.

Get free Tesla Model Y Insurance quotes, buy/renew, save money on car insurance by contacting us. Hurry EMI starts as low as $163 per month in 2022! Our service is free, fast, and simple, so get started today!

Compare Tesla Car Insurance For Other Models

Compare Tesla car insurance for all models and analyze the rates for Tesla cars. Get the in-depth details for each Tesla model ranging from Tesla Model 3, S, and X along with the age of the driver, deductibles, crash test results, safety features, etc.

Tesla Model S

Tesla Model 3

Tesla Model X

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