Prices in this article are published estimates from comparison sites, not quotes. What was checked, and what could not be confirmed, is listed under How We Verified This and Sources.

Full-coverage insurance for a Tesla Model Y averages about $2,887 to $3,836 per year, or $241 to $320 per month, in two national datasets published in 2026 (MoneyGeek and Insure.com). Insurify’s quote data put 2025 models higher, at $396 per month. Here is what explains the spread, how states differ, and what to check before you renew.

Key Findings

  • Annual cost range. MoneyGeek’s national average for full coverage is $2,887 per year ($241 per month) and Insure.com’s is $3,836 per year ($320 per month). Both model a 40-year-old driver with a clean record, but with different deductibles and methods.
  • Source variation. Insurify reports $396 per month for 2025 models, and MoneyGeek lists $380 per month for 2026 models. The gaps come from different driver profiles, deductibles, model years and methods.
  • Collision losses run above average. HLDI data for 2022–24 models, as compiled by Informed for Life, put Model Y collision losses 18% to 34% above the all-vehicle average, while whole-vehicle theft frequency is 2 on a scale where 100 is average.
  • State matters. In both MoneyGeek and Insure.com, Louisiana, Michigan and Nevada rank highest for the Model Y, and Hawaii, Maine and Idaho rank lowest.

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How Much Does Tesla Model Y Insurance Cost in 2026?

Two national datasets published in 2026 put full-coverage averages for a Tesla Model Y between $2,887 and $3,836 per year, or $241 to $320 per month. MoneyGeek reports $2,887 per year for a 40-year-old unmarried man with a clean record and good credit, using 100/300/100 liability limits and $1,000 comprehensive and collision deductibles (page updated October 11, 2026). Insure.com reports $3,836 per year for a 40-year-old man with a clean record and good credit, using 100/300/100 limits and $500 deductibles, based on Quadrant Information Services data (updated April 7, 2026). Insurify’s quote data show higher figures for newer models, at $396 per month ($4,752 per year) for 2025 models, although the same page lists $290 per month as its overall Model Y average. MoneyGeek lists $380 per month for 2026 models, which is also its figure for the Launch Series Long Range trim.

Against the wider market, Insure.com puts the Model Y $799 per year above its $3,037 national average for all vehicles, and MoneyGeek ranks it 647th of 827 vehicles for insurance affordability (192nd of 256 SUVs). These are estimates for hypothetical drivers, not quotes, and no insurer is guaranteed to offer these prices.

$2,887–$3,836Annual full-coverage averages (MoneyGeek, Insure.com)
$241–$320Monthly equivalents reported by the same sources
2HLDI whole-vehicle theft claim frequency, 2022–24 models (100 = average)

Trim and model year change the number. MoneyGeek says Performance variants can run up to $40 more per month than comparable Long Range variants, and its Launch Series Long Range averages $380 per month, $178 more than the Standard Range at $202. MoneyGeek’s model-year table lists $380 per month for 2026 models and $214 for 2020 models. Insure.com shows a smaller gap, $3,836 per year for 2025 models against $3,468 for 2020 models, so how much more a newer Model Y costs depends on the dataset. Autoblog attributes part of the newer-model premium to higher replacement value and to newer sensors and software that cost more to repair or recalibrate.

Why Is Tesla Model Y Insurance More Expensive Than Average?

Insurers price premiums against expected claim costs, and HLDI loss data show the Model Y above average for collision. For 2022–24 models, collision overall losses, as compiled by Informed for Life from HLDI’s tables, run 18% above the all-vehicle average for the Model Y electric 4-door and 34% above for the 4WD version. The midsize luxury SUV class as a whole runs 16% above. Collision overall losses combine how often claims happen with how much each one costs, so they do not isolate repair cost on their own.

Repair cost is the explanation most often offered. Autoblog reports that a genuine Model Y front bumper costs about $2,000 before labor, against $500 to $700 for a comparable non-Tesla SUV, and that labor rates at a limited pool of Tesla-certified shops can reach $305 per hour. Informed for Life points to an aluminum-and-castings body, cameras and sensors that need calibration, battery inspection after underbody hits and a thin certified-repair network. These repair details come from secondary sources, not from HLDI or from insurer filings.

Cost driver
Collision losses 18–34% ABOVE AVERAGE
HLDI 2022–24 models, via Informed for Life
Commonly cited reasons include aluminum body parts, sensor calibration, a limited certified-repair network and higher labor rates. Those reasons come from secondary sources.
Risk factor
Whole-vehicle theft FREQUENCY 2 OF 100
HLDI report WT-24, May 2025
The 2022–24 Model Y 4WD had whole-vehicle theft claims at 2% of the all-vehicle average. That covers only the theft part of comprehensive claims, while collision losses are above average.

State differences are large, and the two datasets agree on the extremes. In MoneyGeek’s data (40-year-old driver, $1,000 deductibles), the Model Y averages $481 per month in Louisiana, $372 in Michigan and $348 in Nevada, against $132 in Idaho, $139 in Maine and $141 in Hawaii. Insure.com’s state averages (40-year-old driver, $500 deductibles) put the same states at the extremes: $6,247 per year in Louisiana, $5,401 in Michigan and $5,729 in Nevada, against $1,992 in Hawaii, $2,373 in Maine and $2,395 in Idaho. Rankings below the extremes differ by source; New York, for example, is not among the ten highest states in either dataset. Driver age, location, driving history, coverage limits, deductible and insurer choice all affect the final premium.

Higher-cost states

  • Louisiana $481 per month (MoneyGeek); $6,247 per year (Insure.com)
  • Michigan $372 per month (MoneyGeek); $5,401 per year (Insure.com)
  • Nevada $348 per month (MoneyGeek); $5,729 per year (Insure.com)

Lower-cost states

  • Idaho $132 per month (MoneyGeek); $2,395 per year (Insure.com)
  • Maine $139 per month (MoneyGeek); $2,373 per year (Insure.com)
  • Hawaii $141 per month (MoneyGeek); $1,992 per year (Insure.com)
Safety ratings and theft rates do not tell the whole story: IIHS lists the 2026–27 Model Y as a Top Safety Pick+ (some of its small overlap and side ratings were assigned from tests Tesla conducted), and Carscoops reports that NHTSA gives 2026 models built on or after November 12, 2025 a five-star overall rating. Strong crash-test results do not by themselves make a Model Y cheap to insure: its injury-claim results run below average in the HLDI data, while its collision losses run above. A low theft rate also does not make comprehensive coverage unnecessary, because that coverage also pays for non-collision losses such as weather damage and animal strikes.

What Should Tesla Model Y Drivers Do Before Renewal?

Get quotes from at least three insurers before you buy, lease or renew a Model Y, and compare any renewal increase against competing quotes before accepting it. The steps below are general guidance, not a ranking.

Compare quotes from multiple insurers
Biggest price spread
In MoneyGeek’s data, full-coverage averages for the Model Y range from $196 per month (UAIC) to $407 (AIG). The cheapest insurer differs by source: Insurify’s quotes favor USAA (military families only), GEICO and State Farm for a 2025 Model Y, MoneyGeek lists National General lowest across model years, and Insure.com’s averages put USAA and American Family lowest. Availability and prices vary by state and driver profile. Tesla also sells its own coverage in select states and prices it on real-time driving behavior, according to Insurify, so it may be worth requesting a quote where it is available.
Ask how repairs are handled
Ask before a claim
Ask your insurer which repair shops and parts it will pay for after a covered claim, including whether it requires OEM or aftermarket parts. Policies differ, so confirm the wording before you buy.
Check lender or lease requirements
Check your agreement
Lenders and lessors often set their own coverage and deductible requirements, which can be stricter than state minimums. Read your finance or lease agreement before choosing limits.
Review your deductible against the premium savings
Trade-off
A higher deductible generally lowers the premium, but it raises your out-of-pocket cost after a claim. MoneyGeek’s and Insure.com’s averages use different deductibles ($1,000 and $500), so compare quotes at the same deductible.

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Frequently Asked Questions About Tesla Model Y Insurance

How much is Tesla Model Y insurance per month?

Full-coverage averages for a Tesla Model Y range from about $241 per month (MoneyGeek, $2,887 per year) to $320 per month (Insure.com, $3,836 per year) in two 2026 datasets. Insurify reports $396 per month for 2025 models and MoneyGeek lists $380 per month for 2026 models. These are estimates for hypothetical drivers, not quotes, and your rate depends on your state, driver profile, coverage and insurer.

Why is Tesla Model Y insurance so expensive?

HLDI loss data for 2022–24 models, as compiled by Informed for Life, put Model Y collision losses 18% to 34% above the all-vehicle average. Autoblog and Informed for Life point to repair costs, including aluminum body parts, sensor calibration, a limited certified-repair network and higher labor rates, though those explanations come from secondary sources.

Does Tesla Model Y theft risk affect insurance?

HLDI’s whole-vehicle theft report (May 2025) gives the 2022–24 Model Y 4WD a relative claim frequency of 2, where 100 is the all-vehicle average. That low theft frequency covers only the theft part of comprehensive claims, and the Model Y’s collision losses are above average, so it does not by itself make a Model Y cheap to insure.

The Bottom Line for Tesla Model Y Drivers

The Tesla Model Y costs more to insure than the average vehicle in the datasets reviewed. Insure.com puts it $799 per year above its all-vehicle average, and HLDI collision losses for the Model Y run above average, with repair cost the most often cited reason. National averages from MoneyGeek and Insure.com work out to $241 to $320 per month, but MoneyGeek’s monthly averages differ by more than $2,500 per year across insurers and more than $4,000 per year across states. Comparing quotes before you buy or renew is a practical way to see where you fall in that range.

An insurance estimate is not a personalized quote. The figures in this article reflect specific coverage levels, driver profiles and methods from the cited sources, not your individual rate. State averages do not represent the national average, and one provider’s sample does not represent the entire market.

How We Verified This

On October 15, 2026, we compared the figures in this article against the pages listed under Sources.

  • Opened and checked: MoneyGeek’s Model Y page (updated October 11, 2026), Insure.com’s Model Y page (updated April 7, 2026), Insurify’s Model Y page (updated October 14, 2026), HLDI report WT-24 (May 2025), IIHS’s 2026 Model Y ratings and 2026 Top Safety Picks pages, Informed for Life’s HLDI compilation (updated September 16, 2026), Carscoops (May 7, 2026) and Autoblog (March 18, 2026).
  • Not confirmed directly: HLDI’s interactive make-and-model table, so the 18% and 34% collision figures rest on Informed for Life’s compilation; NHTSA’s own Model Y rating page, so the five-star rating rests on Carscoops’ report of NHTSA’s announcement; and the bumper-price and labor-rate figures, which come from Autoblog alone.
  • Limits: All prices are estimates for hypothetical drivers, not quotes, and each source uses its own profile, deductibles and method. Instant Car Insure is an independent publisher supported by advertising and offers an estimates tool; estimates are not binding quotes.
Disclaimer: This article is for informational purposes only and is not professional insurance, legal or financial advice. Rates, rules and deadlines vary by insurer, state and driver, and can change. Confirm details with a licensed agent, your insurer or your state department of insurance before making a coverage decision.

Sources

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