+120 more*These quotes are from Compare.com users within the last 10 days. Updated on September 13, 2026
*These quotes are from Compare.com users within the last 10 days. Updated on September 13, 2026
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Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
Updated
The average car insurance premium for a Tesla Model Y is $245 per month, which is 51% more than the average for all vehicles.
USAA offers the cheapest car insurance coverage for the Tesla Model Y, with an average premium of just $137 per month.
Tesla Model Y insurance is expensive because the vehicle is costly to repair and has a higher cash value than many other vehicles on the road.
Tesla Model Y insurance costs vary by policy type. Liability insurance, which covers property damage and injuries to the other party when you cause an accident, is cheaper than full-coverage insurance.
Full coverage, which includes collision and comprehensive coverage, helps pay to repair or replace your vehicle after an at-fault accident or other non-collision event, such as theft or flood damage. The table below shows the average cost of car insurance for the Tesla Model Y and how it compares to the average premium for all vehicles.
Vehicle | Average Liability Premium | Average Full-Coverage Premium | Overall Average Premium |
|---|---|---|---|
| Tesla Model Y | $158 | $332 | $245 |
| All vehicles | $114 | $210 | $162 |
The average Model Y premium for liability coverage is $158 per month, while the average full-coverage premium is $332 per month. The Tesla Model Y is expensive to insure compared to other vehicles, especially for a full-coverage policy, which costs 58% more on average. But individual rates vary by model year, driver age, driving history, and other factors.[1]
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Every car insurance company calculates premiums differently, so rates can vary from one insurer to the next, even for the same vehicle. The table below shows the companies that offer the cheapest Tesla Model Y insurance, according to Compare.com data. Keep in mind, the cheapest coverage isn’t necessarily the best car insurance.
Company | Average Monthly Premium |
|---|---|
| USAA | $137 |
| State Farm | $151 |
| Allstate | $193 |
| American Family | $206 |
| GEICO | $212 |
| AAA | $232 |
| Nationwide | $250 |
| Progressive | $255 |
| Travelers | $261 |
| Farmers | $295 |
| Liberty Mutual | $352 |
| Amica | $664 |
| User Reviews | 4.2 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
USAA's score | Industry average | |
|---|---|---|
| Coverage options | 4.9 | 3.2 |
| Customer service | 4.6 | 3.6 |
| Discounts | 4.9 | 2.9 |
| Policy transparency | 4.9 | 3.1 |
| Value | 4.9 | 2.9 |
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
For eligible military members, veterans, and their families, USAA offers great coverage options and is top-rated for both claims satisfaction (J.D. Power) and financial strength (AM Best). In addition to military discounts, the company offers savings opportunities for Tesla Model Y drivers, including a safe-driving program, a new-car discount, and an anti-theft discount.
Anti-theft device discount
High J.D. Power claims rating
Military members, veterans, and families only
Poor Trustpilot rating
| User Reviews | 3.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
State Farm's score | Industry average | |
|---|---|---|
| Coverage options | 4.4 | 3.2 |
| Customer service | 4.5 | 3.6 |
| Discounts | 4.3 | 2.9 |
| Policy transparency | 4.3 | 3.1 |
| Value | 4.2 | 2.9 |
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
State Farm holds an A+ financial strength grade from AM Best and received an above-average claims satisfaction rating from J.D. Power. The company offers discounts for safety and security features for the Tesla Model Y, along with mobile app claims and roadside assistance, plus a dedicated agent for every policy.
Dedicated insurance agent
Generous bundling discount
Few coverage add-ons
Not BBB-accredited
| User Reviews | 3.7 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
Allstate's score | Industry average | |
|---|---|---|
| Coverage options | 4.3 | 3.2 |
| Customer service | 4.3 | 3.6 |
| Discounts | 4.4 | 2.9 |
| Policy transparency | 4.2 | 3.1 |
| Value | 4.1 | 2.9 |
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Allstate offers perks that appeal to electric vehicle owners, including discounts on home chargers and installation through its partners. Allstate’s roadside assistance coverage includes battery charging in most markets, and the company also offers an anti-theft discount. But Allstate has some customer satisfaction issues.
A+ AM Best rating
Offers accident forgiveness
Below-average J.D. Power rating
Poor Trustpilot rating
The model year of your Tesla Model Y will affect your monthly insurance premium. Older model years have a lower market value, which makes them cheaper to replace and cheaper to insure.
A car model’s safety rating and likelihood of theft affect insurance rates as well, but the Tesla Model Y has consistently high safety ratings. The 2022–2024 model years also have low theft claim rates, according to a study by the Insurance Institute for Highway Safety (IIHS).
Recent Tesla model years have similar premiums, while older model years have slightly cheaper premiums due to depreciation. Rates also vary by company. The table below shows the average monthly premium for each model year. Click through the tabs to find the cheapest car insurance company for your Tesla Model Y.
Model Y Model Year | Average Monthly Premium |
|---|---|
| 2026 | $294 |
| 2025 | $296 |
| 2024 | $296 |
| 2023 | $295 |
| 2022 | $295 |
| 2021 | $285 |
| 2020 | $272 |
Company | Average Monthly Premium |
|---|---|
| State Farm | $181 |
| Allstate | $231 |
| American Family | $247 |
| GEICO | $254 |
| AAA | $278 |
Company | Average Monthly Premium |
|---|---|
| State Farm | $182 |
| Allstate | $233 |
| American Family | $249 |
| GEICO | $256 |
| AAA | $280 |
Company | Average Monthly Premium |
|---|---|
| State Farm | $182 |
| Allstate | $233 |
| American Family | $249 |
| GEICO | $256 |
| AAA | $280 |
Company | Average Monthly Premium |
|---|---|
| State Farm | $182 |
| Allstate | $232 |
| American Family | $248 |
| GEICO | $255 |
| AAA | $279 |
Company | Average Monthly Premium |
|---|---|
| State Farm | $182 |
| Allstate | $232 |
| American Family | $248 |
| GEICO | $255 |
| AAA | $279 |
Company | Average Monthly Premium |
|---|---|
| State Farm | $176 |
| Allstate | $225 |
| American Family | $240 |
| GEICO | $247 |
| AAA | $270 |
Company | Average Monthly Premium |
|---|---|
| State Farm | $168 |
| Allstate | $214 |
| American Family | $229 |
| GEICO | $235 |
| AAA | $258 |
Auto insurers calculate Tesla car insurance costs in part based on where you live and where you park your car. Local theft, vandalism, and accident rates affect premiums, as do weather events, repair costs, and the frequency of lawsuits and insurance fraud. Premiums tend to be higher in urban areas with a high cost of living.
Explore the map below to find the average monthly auto insurance premium for the Tesla Model Y in your state, based on Compare.com data.
State | Average Monthly Premium |
|---|---|
| Alabama | $202 |
| Arizona | $215 |
| Arkansas | $233 |
| California | $263 |
| Colorado | $263 |
| Connecticut | $365 |
| Delaware | $306 |
| Florida | $285 |
| Georgia | $327 |
| Hawaii | $162 |
| Idaho | $134 |
| Illinois | $203 |
| Indiana | $167 |
| Iowa | $138 |
| Kansas | $190 |
| Kentucky | $253 |
| Louisiana | $274 |
| Maine | $179 |
| Maryland | $389 |
| Massachusetts | $193 |
| Michigan | $295 |
| Minnesota | $223 |
| Mississippi | $193 |
| Missouri | $233 |
| Montana | $191 |
| Nebraska | $185 |
| Nevada | $324 |
| New Hampshire | $113 |
| New Jersey | $345 |
| New Mexico | $186 |
| New York | $282 |
| North Carolina | $114 |
| North Dakota | $150 |
| Ohio | $158 |
| Oklahoma | $220 |
| Oregon | $196 |
| Pennsylvania | $206 |
| Rhode Island | $282 |
| South Carolina | $313 |
| South Dakota | $177 |
| Tennessee | $182 |
| Texas | $281 |
| Utah | $192 |
| Vermont | $184 |
| Virginia | $229 |
| Washington | $217 |
| District of Columbia | $403 |
| West Virginia | $189 |
| Wisconsin | $155 |
| Wyoming | $144 |
Car insurance premiums tend to decrease with age because mature drivers are involved in fewer car accidents than young drivers. Insurers price policies based on risk, so if a driver younger than 25 is listed on your insurance policy, you’ll likely pay more for car insurance.
The table below shows the average monthly premium for each age group, according to Compare.com data. Seniors generally pay the lowest car insurance rates, and teens pay more than twice the average monthly premium seniors pay.
Age Group | Average Monthly Premium |
|---|---|
| Teens | $470 |
| Adults | $245 |
| Seniors | $211 |
Compare rates from America’s cheapest car insurance companies.
Car insurance rates are especially high for teen drivers since teens are more likely to be involved in a car crash than any other age group.[2] But some insurers are more lenient than others when setting premiums for young drivers, so you can often save money by comparing quotes.
The chart below shows the cheapest auto insurance companies for teens and young drivers, based on data from Compare.com. Keep in mind that many companies also offer good student discounts and other savings to offset the high costs for young drivers.
Category | Price |
|---|---|
| State Farm | $242 |
| Allstate | $309 |
| American Family | $330 |
| GEICO | $339 |
| AAA | $371 |
Older drivers have more experience behind the wheel. They’re less likely to speed and more likely to drive safely than young drivers. They tend to be in fewer accidents because they don’t drive as many miles.
Because they present a lower risk to insurers, drivers in their 60s tend to pay the lowest premiums. Rates sometimes rise for senior drivers older than 70 or 75 due to health- and age-related risks.[3]
Some insurers offer cheaper car insurance for seniors than others, including the companies listed in the table below. These insurers offer the cheapest premiums for senior Tesla Model Y drivers, according to Compare.com data.
Category | Price |
|---|---|
| State Farm | $128 |
| Allstate | $164 |
| American Family | $175 |
| GEICO | $180 |
| AAA | $197 |
If you have at-fault accidents, speeding tickets, or other infractions on your driving record, you’ll pay more than people with a clean driving record. The increase depends on the type of violation. Drivers with DUIs pay 68% higher premiums than drivers with a clean record, based on Compare.com data.
A DUI conviction can also affect your car insurance rate for longer than other infractions. Depending on your state and your insurer, a DUI on your driving record could affect your auto insurance premiums for up to 10 years.
The table below shows how the most common traffic violations affect car insurance premiums for the Tesla Model Y, according to data from Compare.com.
Driving Record | Average Monthly Premium |
|---|---|
| Clean record | $245 |
| Speeding ticket | $328 |
| At-fault accident | $350 |
| DUI | $412 |
Speeding is a high-risk driving behavior, so insurance companies charge a higher premium if you have a speeding ticket on your record. Speeding contributed to more than 11,288 car accident fatalities in 2024 alone, according to the National Safety Council.[4] The increase in premium from a speeding ticket depends on how fast you were going, the number of tickets you received, and the state law.
Some auto insurers are more lenient with rate increases for speeding tickets, so it pays to compare quotes. The table below shows the cheapest car insurance companies for Tesla Model Y drivers with a speeding ticket.
Category | Price |
|---|---|
| State Farm | $188 |
| Allstate | $250 |
| American Family | $268 |
| AAA | $283 |
| GEICO | $284 |
Insurers typically raise your rates after an at-fault accident due to the increased likelihood of future collision claims and keep those elevated rates for three years. The percentage increase varies by company. A history of multiple serious accidents could even lead to non-renewal.
Some insurers give less weight to accident claims than others when setting premiums. The table below shows which companies offer the cheapest car insurance for Tesla Model Y drivers with an at-fault accident on their record, according to Compare.com data.
Category | Price |
|---|---|
| State Farm | $193 |
| Allstate | $251 |
| GEICO | $256 |
| American Family | $269 |
| Nationwide | $329 |
A DUI is a serious offense leading to the steepest increase in a driver’s car insurance premium of any infraction. An astounding 30% of car accident deaths in the U.S. involve drunk drivers, according to National Highway Traffic Safety Administration (NHTSA) data.[5] For insurers, the risk of an expensive claim when insuring someone with a history of driving under the influence is high, so companies charge higher premiums.
But some companies specialize in insuring high-risk drivers and offer relatively low rates to DUI drivers. Comparing quotes helps keep insurance costs manageable. The table below shows the cheapest auto insurers for Tesla Model Y drivers with DUIs, along with their average monthly premiums, according to Compare.com data.
Category | Price |
|---|---|
| State Farm | $221 |
| Allstate | $282 |
| GEICO | $290 |
| American Family | $301 |
| AAA | $339 |
Tesla Model Y vehicles are built with advanced technology, including unique safety and security features, that affects the electric midsize SUV’s insurance rates. Insurers take the following factors into account when setting premiums:
Vehicle value: The purchase price for a 2026 Tesla Model Y ranges from $41,630 to $60,000+, according to Kelley Blue Book, putting it around the average for a new vehicle.[6] A used 2020 Tesla Model Y sells for around $24,100, which is slightly less than the average price for used vehicle listings. But they’re still worth more than many of the cars currently on the road.
High repair costs: Teslas are more expensive to repair than gas-powered cars and even other electric vehicles, which may drive up insurance rates.
High accident and fatal crash rates: Despite receiving high IIHS safety ratings, Tesla Model Y vehicles have been associated with high accident and fatal crash rates in recent studies, which could affect premiums.
Low theft claims frequency: The 2022–2024 model years of the Tesla Model Y rank second lowest for relative claim frequency for whole-vehicle theft in an IIHS study, indicating to insurers that the risk of theft is very low. This could have a positive effect on insurance premiums.
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Though the Tesla Model Y is more expensive to insure than other vehicles, you have a few options to save money on car insurance.[7]
Look for vehicle equipment discounts. Given Tesla’s advanced safety and security features, you’ll likely qualify for anti-theft device discounts and safety feature discounts if you choose an insurance company that offers them.
Choose a high deductible. If you select one, you’ll save money on your monthly premium. To ensure you’ll have enough cash to cover the deductible after a claim, consider putting the money you save on gas into a savings account.
Consider autonomous car insurance. If you elect to subscribe to Tesla’s Full Self-Driving (Supervised) option, consider purchasing this insurance. This is a new product — currently, Lemonade is the only company to offer a policy — but it saves you 50% on every mile you drive with FSD.
Compare quotes. Remember that every insurer calculates premiums differently, so the best way to find the lowest price is to compare quotes from several insurers. You can use an insurance-comparison site to save time.
If you still have questions about car insurance for your Tesla EV, get clarity before you hit the road. Here are the answers to some common questions Tesla owners ask about car insurance.
Yes, the Tesla Model Y is more expensive to insure than the average vehicle. The overall average monthly premium is $245 for all model years, compared to $162 for all vehicles, according to Compare.com data.
The cheapest insurance company for a Tesla Model Y is USAA. State Farm and Allstate also offer cheap Tesla Model Y insurance. To find the lowest premium for your Tesla Model Y, it’s a good idea to compare car insurance quotes.
The average car insurance premium for a 2026 Tesla Model Y is $294 per month, though some insurers offer lower rates. State Farm charges an average monthly premium of just $181 to insure the 2026 Tesla Model Y.
The cheapest Tesla to insure is the Model S, with an average premium of $205 per month, based on Compare.com data.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
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