Things to Remember
- Safety features of the Tesla Model Y can earn you a car insurance discount
- Crash test ratings have an impact on Tesla Model Y auto insurance rates
- The cost of insurance for a Tesla Model Y depends on the trim level
Read More: Tesla Auto Insurance
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 BMW X2 and Chevrolet Tracker.
To compare Tesla Model Y auto insurance quotes from top companies, enter your ZIP code above now. It’s fast and free.
Table of Contents
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 Lincoln Nautilus, Chevrolet Tracker, and BMW X2 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 Atlas | $376 | $718 | $372 | $1,624 |
| Jaguar F-PACE | $470 | $982 | $398 | $2,008 |
| Toyota Sequoia | $332 | $566 | $398 | $1,454 |
| Land Rover Range Rover Evoque | $356 | $640 | $416 | $1,570 |
| Land Rover Range Rover | $454 | $872 | $416 | $1,900 |
| GMC Yukon | $376 | $594 | $372 | $1,500 |
| Subaru Forester | $362 | $532 | $316 | $1,346 |
| Ford Escape Hybrid | $214 | $388 | $460 | $1,220 |
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What impacts the cost of Tesla Model Y insurance?
As with any car, your Tesla Model Y car insurance costs will be affected by personal factors like where you live, your driving record, and your driving habits. The Tesla Model Y trim level you buy will also have an impact on the total price you will pay for Tesla Model Y insurance coverage.
Tesla Model Y Crash Test Ratings
The Tesla Model Y crash test ratingswill have an affect on Tesla Model Y car insurance rates. Take a look at crash test results for the Tesla Model Y.
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
Save more on your Tesla Model Y car insurance rates. Take a look at the following five strategies that will get you the best Tesla Model Y auto insurance rates possible.
- Get cheaper Tesla Model Y car insurance rates as a full-time parent
- Check the odometer on your Tesla Model Y
- Take public transit instead of driving your Tesla Model Y
- Reduce your coverage on an older Tesla Model Y
- Buy a Tesla Model Y with an anti-theft device
Top Tesla Model Y Insurance Companies
What is the best company for affordable 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 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.
Frequently Asked Questions
What factors affect the cost of Tesla Model Y auto insurance?
The cost of Tesla Model Y auto insurance is influenced by personal factors such as driving habits, location, driving record, and the specific trim level of the vehicle.
How can I save on Tesla Model Y insurance?
To get the best rates on Tesla Model Y auto insurance, you can consider strategies such as comparing quotes from multiple companies, maintaining a good driving record, and taking advantage of any available discounts.
What are the top insurance companies for Tesla Model Y coverage?
While rates may vary, some of the top insurance companies offering coverage for the Tesla Model Y (based on market share) include those that provide discounts for safety features and security systems found in the vehicle.
Are vehicles like the Tesla Model Y expensive to insure?
Insurance rates for vehicles like the Tesla Model Y can vary, and it’s recommended to compare insurance rates for similar SUV models to get a better idea of what to expect (read more: Best Tesla Model X Auto Insurance, Best Tesla Model S Auto Insurance).
How can I compare Tesla Model Y auto insurance quotes online?
You can easily compare quotes for Tesla Model Y auto insurance from different insurance companies by using a free online tool provided by reputable sources.
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Written by:
Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed insurance agent with 23 years of experience helping people protect their families and businesses with the best insurance coverage to meet their needs.His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
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Written by Tim Bain
Licensed Insurance Agent
Reviewed by:
Brandon Frady
Licensed Insurance Producer
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
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Reviewed by Brandon Frady
Licensed Insurance Producer
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