Tesla Model Y Insurance: by Model Year & Company
Tesla Model Y insurance costs an average of $1,696 for a 6-month full coverage policy. USAA offers the cheapest rate for the latest Tesla Model Y at $188/mo or $1,128 for a 6-month full coverage policy.
- Shopping around? Use our calculator to compare average insurance rates by vehicle.
- Know your vehicle? Get a personalized quote by entering your zip code.
What to know about insuring a Tesla Model Y:
- The Model Y costs more to insure than most SUVs. Averaging $283/mo for the Model Y versus $184/mo for typical SUVs.
- If you're considering a vehicle similar to the Model Y, like the Tesla Model S ($336/mo), Tesla Model 3 ($263/mo), or Tesla Model X ($377/mo), your insurance costs will be about the same.
- USAA ($183/mo), Nationwide ($204/mo), Progressive ($207/mo) offer the cheapest full coverage rates.
The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.
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Cheapest Companies
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2025 Tesla Model Y
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,256 |
| Progressive |
$2,444 |
| American Family |
$2,726 |
| Nationwide |
$2,883 |
| State Farm |
$3,144 |
| Erie |
$4,438 |
| GEICO |
$4,764 |
| Farmers |
$5,177 |
| Allstate |
$6,030 |
Compare all 2025 Tesla Model Y insurance rates.
Average Cost to Insure Per Year
$3,8292024 Tesla Model Y
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Nationwide |
$2,039 |
| USAA |
$2,121 |
| Progressive |
$2,428 |
| American Family |
$2,623 |
| State Farm |
$3,028 |
| GEICO |
$3,711 |
| Erie |
$4,283 |
| Farmers |
$4,823 |
| Allstate |
$5,840 |
Compare all 2024 Tesla Model Y insurance rates.
Average Cost to Insure Per Year
$3,3842023 Tesla Model Y
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,072 |
| Nationwide |
$2,078 |
| Progressive |
$2,484 |
| American Family |
$2,525 |
| State Farm |
$3,130 |
| GEICO |
$3,559 |
| Erie |
$4,179 |
| Farmers |
$4,511 |
| Allstate |
$5,180 |
Compare all 2023 Tesla Model Y insurance rates.
Average Cost to Insure Per Year
$3,2472022 Tesla Model Y
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Nationwide |
$2,432 |
| Progressive |
$2,624 |
| USAA |
$2,710 |
| State Farm |
$2,998 |
| American Family |
$3,135 |
| Erie |
$4,133 |
| GEICO |
$4,244 |
| Farmers |
$4,448 |
| Allstate |
$5,551 |
Compare all 2022 Tesla Model Y insurance rates.
Average Cost to Insure Per Year
$3,6162021 Tesla Model Y
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$1,926 |
| American Family |
$2,336 |
| Progressive |
$2,507 |
| Nationwide |
$2,583 |
| State Farm |
$2,824 |
| GEICO |
$3,400 |
| Erie |
$3,895 |
| Farmers |
$4,220 |
| Allstate |
$4,983 |
Compare all 2021 Tesla Model Y insurance rates.
Average Cost to Insure Per Year
$3,1702020 Tesla Model Y
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,097 |
| Progressive |
$2,402 |
| American Family |
$2,434 |
| Nationwide |
$2,644 |
| State Farm |
$2,914 |
| Allstate |
$3,266 |
| Erie |
$3,781 |
| GEICO |
$4,034 |
| Farmers |
$4,112 |
