Compare Tesla Model Y insurance and get the best deals, where rates start from $150 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, and much more.
The Tesla Model Y MSRP of $52,000 plus is the least expensive Tesla model. In contrast, it is not the cheapest compared to other midsize SUVs in the automotive market. The insurance cost of the Tesla Model Y is $260 more per year on average compared to other midsize SUVs.
Let us find out how much average car insurance for Tesla Model Y Costs, how to get discounts, and the best insurance for Tesla Model Y. compare it with different states, zip codes, models, ages, trim levels, and driving records.
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 In 2023?
The average Tesla Model Y insurance cost is $1,804 per year, or $150 per month depending on the trim levels.
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 – $438 a year
- Liability/medical for Tesla Model S Insurance – $510
- Collision coverage for Tesla Model S Insurance – $856
Compare the average 2022 Tesla Model Y insurance cost using an assortment of different driver ages and risk profiles from the table below:
| Driver Risk Profile | Annual Rate | Monthly Rate |
|---|---|---|
| High Risk Driver Age 30 | $4,114 | $343 |
| Safe Driver Age 20 | $3,602 | $300 |
| At-fault Accidents Age 40 | $2,544 | $212 |
| Low Deductibles Age 40 | $2,378 | $198 |
| Safe Driver Age 30 | $1,912 | $159 |
| Safe Driver Age 40 | $1,804 | $150 |
| Safe Driver Age 50 | $1,644 | $137 |
| Safe Driver Age 60 | $1,614 | $135 |
| High Deductibles Age 40 | $1,510 | $126 |
| Discount Rate Age 40 | $1,498 | $125 |
Read – Honda Clarity Insurance Cost: Compare, Buy/Renew
What Is The Cheapest Tesla Model S Insurance Cost In 2023?
The cost of Tesla insurance changes by model and trim level also impact auto insurance rates, so drivers should consider this when choosing their vehicle. In the United States, auto insurance companies consider trim while finalizing the premium for your Tesla car.
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 for the same car with P100D trim. Tesla Model Y trim levels are available in 75D, 100D, and P100D.
Compare the 2022 Tesla Model Y car insurance policy according to the trim level from the table below:
| Tesla Model Y Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Long Range AWD | $1,766 | $883 | $147 |
| Performance AWD | $1,842 | $921 | $154 |
Also Read – Honda Accord Insurance Rates: Compare, Buy/Renew
Compare Tesla Model Y Insurance Cost By Location [2023]
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.
A driver can get lower rates in Columbus, OH where it can cost $1,048 per year to $3,486 in Miami, FL, which is on the more expensive side. Tesla model y insurance estimate for Virginia Beach, VA, can be $1,212 and in Detroit, it can surprisingly cost $7,066 a year.
In some other cities Tesla car insurance for Model Y like in San Diego, CA, can cost $2,028, Milwaukee, WI, at $1,824, and Louisville, KY, averaging $2,868, Minneapolis, MN, at an estimated $1,824.
Compare the 2022 Tesla Model Y insurance cost by location from the table below:
| City/State | Annual Rate | Monthly Rate |
|---|---|---|
| New York, NY | $3,408 | $284 |
| Philadelphia, PA | $3,006 | $251 |
| Los Angeles, CA | $2,992 | $249 |
| San Francisco, CA | $2,572 | $214 |
| Jacksonville, FL | $2,558 | $213 |
| San Jose, CA | $2,130 | $178 |
| Phoenix, AZ | $2,074 | $173 |
| San Diego, CA | $2,028 | $169 |
| Chicago, IL | $1,962 | $164 |
| Dallas, TX | $1,928 | $161 |
| Houston, TX | $1,916 | $160 |
| Indianapolis, IN | $1,816 | $151 |
| San Antonio, TX | $1,726 | $144 |
| Austin, TX | $1,642 | $137 |
| Columbus, OH | $1,358 | $113 |
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Compare Tesla Model Y Insurance Cost By State [2023]
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 $1,048, $1,164, and $1,304 respectively.
The most expensive insurance is in Michigan ($2,876) and Florida ($2,636). The cost for Tesla insurance in Massachusetts is $1,478, New York is $1,920, Kansas is $1,816, Maryland is $1,628, and South Carolina is $1,662 per year respectively.
Compare the 2022 Tesla Model Y insurance cost by state and find Find cheap auto insurance quotes in your area from the table below:
| U.S. State | Annual Cost | 6-month Cost | Monthly 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 In 2023?
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 2023?
Let Mount Shine help you, we have a wide network of the 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, and save money on car insurance by contacting us. Hurry EMI starts as low as $150 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.
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