Best Tesla Model Y Auto Insurance Rates 2021

The price of car insurance for the Tesla Model Y depends on a lot of factors. Among the things that can impact your Tesla Model Y car insurance rates are your driving history and where you live. Of course, the purchase price of the Tesla Model Y also affects car insurance rates, and that depends on trim level and options.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent Cynthia Lanctot

UPDATED: Mar 11, 2022

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Things to Remember

  • Crash test ratings have an impact on Tesla Model Y auto insurance rates
  • Safety features of the Tesla Model Y can earn you a car insurance discount
  • The cost of insurance for a Tesla Model Y depends on the trim level

Before you buy a Tesla Model Y, or even if you already own one, you’ll want to get the best Tesla Model Y auto insurance rates. The cost of auto insurance for a Tesla Model Y can vary from company to company and be based on personal factors like driving record, too.

The best way to get affordable Tesla Model Y auto insurance is to shop around and compare. Before you do that, take a look at the details we’ve gathered on what affects Tesla auto insurance for a Model Y. You can also compare Tesla Model Y auto insurance rates to the average cost of insurance for competitors like Infiniti QX4 and GMC Suburban.

To compare Tesla Model Y auto insurance quotes from top companies, enter your ZIP code above now. It’s fast and free.

Are vehicles like the Tesla Model Y expensive to insure?

Take a look at how insurance rates for similar models to the Tesla Model Y look. These insurance rates for other SUVs like the Chevrolet Tahoe, Infiniti QX4, and GMC Suburban give you a good idea of what to expect.


Insurance Rates for Vehicles Similar to the Tesla Model Y

Vehicle Comprehensive Collision Liability Total
Volkswagen Tiguan $322 $562 $316 $1,336
Subaru Tribeca $270 $450 $452 $1,330
Toyota Sequoia $332 $566 $398 $1,454
Cadillac Escalade ESV $464 $720 $390 $1,732
Jeep Wrangler $280 $376 $420 $1,256
Land Rover Range Rover Sport $430 $814 $416 $1,818
Chevrolet Tahoe Hybrid $290 $516 $456 $1,420
Volvo XC60 $306 $536 $338 $1,316

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What impacts the cost of Tesla Model Y insurance?

The Tesla Model Y trim and model you choose can impact the total price you will pay for Tesla Model Y insurance coverage.
You can also expect your Tesla Model Y rates to be affected by where you live, your driving history, and in most states your age and gender.

Tesla Model Y Crash Test Ratings

Good Tesla Model Y crash test ratings can lower your Tesla Model Y auto insurance rates. You can see Tesla Model Y crash test results here.

Tesla Model Y Crash Test Ratings

Vehicle Tested Overall Frontal Side Rollover
2020 Tesla Model Y SUV AWD N/R N/R N/R N/R

Ways to Save on Tesla Model Y Insurance

If you want to reduce the cost of your Tesla Model Y insurance rates, follow these tips below:

  • Move to an area with a lower cost of living
  • Choose a Tesla Model Y with cheaper repair costs
  • Check Tesla Model Y auto insurance rates through Costco
  • Tell your insurer how you use your Tesla Model Y
  • Work with a direct insurer instead of an insurance broker for your Tesla Model Y

Top Tesla Model Y Insurance Companies

What is the best auto insurance company for Tesla Model Y insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Tesla Model Y auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features found on the Tesla Model Y.

Largest Auto Insurers by Market Share

Rank Company Volume Market Share
1 State Farm $66,153,063 9.1%
2 GEICO $46,358,896 6.4%
3 Progressive $41,737,283 5.7%
4 Allstate $39,210,020 5.4%
5 Liberty Mutual $36,172,570 5.0%
6 Travelers $28,786,741 4.0%
7 USAA $24,621,246 3.4%
8 Chubb $24,199,582 3.3%
9 Farmers $20,083,339 2.8%
10 Nationwide $18,499,967 2.5%

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Comparing Free Tesla Model Y Insurance Quotes Online

You can compare quotes for Tesla Model Y auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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