What does insurance cost on a Tesla Model Y?

I want to get a Model Y and am looking into additional costs. How much can I expect to pay for insurance?

Answer
“The average cost of car insurance for a Tesla Model Y is between $1,500 to $2,500 annually.
However, insurance costs vary depending on a variety of factors. Not every person will pay the same amount of insurance, even if they have the same vehicle. To determine insurance rates, car insurance companies consider:
  • Your driving record
  • Insurance history and payment history
  • Credit history
  • Age
  • Geographic location
  • Type of coverage you require
To find out what you might pay for insurance, request car insurance quotes online. This will give you the most accurate idea of what you may pay for insurance with different carriers.”
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Emily Maracle
Answered on Jul 28, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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