Tesla Model Y Insurance Cost
Numbers refreshed
Insurance costs for a Tesla Model Y, shown next to insurance costs for the average car.
- $125.That's the estimated monthly cost, based on the US average for full coverage.
- 118.That's the collision loss figure, where 100 = average.
Tesla Model Y compared
For every model, IIHS-HLDI compares insurance losses against the average car (100). The 2022-2024 Tesla Model Y shows 118 for collision losses and 82 for property damage losses.
How losses compare with similar cars
| Coverage | Tesla Model Y | All midsize luxury SUVs |
|---|---|---|
| Collision | 118 | 116 |
| Property damage | 82 | 83 |
| Comprehensive | 77 | 110 |
| Bodily injury | 83 | 74 |
Estimated Tesla Model Y insurance cost
An adult with a clean driving record and full coverage sees a US average of about $1,494 each year for a Tesla Model Y, 7% below the average car.
| Cheapest and dearest states | Per year | Per month |
|---|---|---|
| Maine | $939 | $78 |
| Vermont | $991 | $83 |
| North Dakota | $998 | $83 |
| Idaho | $1,014 | $84 |
| Hawaii | $1,016 | $85 |
| Georgia | $1,793 | $149 |
| District of Columbia | $1,868 | $156 |
| Florida | $1,951 | $163 |
| Louisiana | $1,972 | $164 |
| New York | $1,973 | $164 |
Source: NAIC 2024 Auto Insurance Database Average Premium Supplement (PDF); IIHS-HLDI, Insurance losses by make and model, 2022-24 models (page table; values via the page's own API).
Find your own number
You can choose the Tesla Model Y in the calculator, and it adds in your state, age and record. For other Tesla cars, see Tesla insurance cost.
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