Updated August 3, 2026 · 12 carriers compared
Published rate data puts full coverage on a Model Y at $3,836 a year, and the gap between the cheapest and most expensive carrier is $3,075 a year for the same driver and the same car. We compared 12 companies on price, coverage, EV-specific repair handling and claims service so you know which quotes are worth pulling.
Different owners are served by different carriers. None of these is the right answer for everyone, which is exactly why the full table below matters more than any single recommendation.
The lowest published Model Y average, if you qualify
$2,256 average per year · $188/mo
The most reliable all-around pick for most Model Y drivers
$3,051 average per year · $254/mo
Real-time Safety Score pricing from the automaker itself
Safety Score based · Recalculated monthly from your driving
Sort by price or search for a specific carrier. Every figure is a published average for the rating profile described below, so treat the ordering as a shortlist of who to call rather than a price you will be charged.
| # | Company | Avg. annual | Avg. monthly | vs. national average | Availability | Read review |
|---|---|---|---|---|---|---|
| 1 | USAAMilitary members and their families | $2,256 Lowest averagePerformance trim $2,256 | $188 | $1,580 below average | Nationwide (eligibility limited) | Review |
| 2 | TravelersOwners bundling home and auto | $2,748Performance trim $2,891 | $229 | $1,088 below average | Most states | Review |
| 3 | NationwideLow-mileage drivers using SmartMiles | $3,044Performance trim $3,224 | $254 | $792 below average | Most states | Review |
| 4 | State FarmOwners who want a local agent | $3,051Performance trim $3,308 | $254 | $785 below average | Nationwide | Review |
| 5 | AmicaOwners who prioritize claims service | $3,249Performance trim $3,413 | $271 | $587 below average | Nearly nationwide | Review |
| 6 | GEICODigital-first buyers who want fast quotes | $3,790Performance trim $3,483 | $316 | $46 below average | Nationwide | Review |
| 7 | AllstateOwners who want an agent plus strong app tools | $3,971Performance trim $4,537 | $331 | $135 above average | Nationwide | Review |
| 8 | ProgressiveDrivers with tickets or accidents | $4,173Performance trim $4,435 | $348 | $337 above average | Nationwide | Review |
| 9 | Erie InsuranceCoverage depth in the Midwest and Mid-Atlantic | $4,534Performance trim $4,577 | $378 | $698 above average | Regional | Review |
| 10 | FarmersBundling multiple specialty policies | $5,331Performance trim $5,440 | $444 | $1,495 above average | Nationwide | Review |
| — | Tesla InsuranceSafe drivers in supported states | Safety Score basedRecalculated monthly from your driving | — | — | 13 states | Review |
| — | Liberty MutualOwners who want à la carte endorsements | Not publishedNo published Model Y average | — | — | Nationwide | Review |
Long Range trim, 40-year-old driver, clean record, good credit. Tesla Insurance prices from your Safety Score rather than a fixed annual rate, so it has no average to rank; no Model Y average is published for Liberty Mutual.
Bars show the published average annual full-coverage premium for the Long Range trim. The line marks the $3,836 national average.
Model year moves the premium as much as some carriers do. These are published full-coverage averages for the same driver profile.
Where the car sleeps at night matters more than almost any other single factor. Sorted from cheapest to most expensive.
Insurers price two things: how often you file a claim and how much each claim costs. Model Y drivers do not file dramatically more claims than drivers of comparable crossovers. What moves the premium is severity, the average amount paid per collision claim, and on this vehicle that number runs high for four specific reasons.
Cast-aluminum structure. Portions of the body use aluminum and structural adhesives instead of the steel and spot welds most shops are tooled for, and the rear underbody is a single large casting rather than an assembly of stamped parts. Repairing that requires certified technicians and dedicated equipment, which limits how many shops in your metro can do the work and removes price competition from the equation.
Sensor calibration on nearly every repair. Cameras and driver-assist sensors need recalibration after work touching the windshield, bumpers, mirrors or suspension geometry. A bumper job that is routine on a RAV4 becomes a multi-hour calibration procedure requiring software access and physical targets.
Battery pack location. The pack forms the floor of the car. Damage intruding into that zone triggers inspection protocols and can require replacement, and because a pack is among the most expensive components on the vehicle, it pushes borderline claims toward a total loss faster than the visible damage suggests.
Parts routing. Structural and many cosmetic parts come through a single supply chain. Backorders stretch rental reimbursement periods, and carriers price that expected delay into your premium.
None of this is a penalty for driving electric. Home charging does not raise your auto premium, and no major carrier surcharges Autopilot or Full Self-Driving. Read the full breakdown.
The spread between cheapest and most expensive in our set exceeds $3,075 a year. No discount beats simply asking more companies, and regionals like Erie never appear in national advertising.
Take a higher collision deductible to cut premium, but keep comprehensive low. The glass roof and camera-equipped windshield make comprehensive claims unusually likely on this car.
Worth 10 to 40 percent for smooth drivers, but Snapshot and DriveEasy can raise rates for poor scores. Confirm whether your state allows an increase before enrolling.
Under about 7,500 miles a year, a pay-per-mile product usually beats a discounted conventional policy outright rather than merely matching it.
Minimum property damage limits can be exhausted by a single collision with another late-model vehicle. Raising limits typically costs $150 to $300 a year.
Carriers rely on inertia and filings move constantly. Forty-five days before renewal, pull three fresh quotes. This is the highest-return habit available.
Full coverage on a Tesla Model Y runs about $3,836 a year ($320/month) for a 40-year-old driver with a clean record and 100/300/100 limits at $500 deductibles, versus $1,139 for liability-only. State averages run from about $1,992 in Hawaii to $6,247 in Louisiana. Be aware that reputable sources disagree by roughly 2x on this number, largely because of different deductible and model-year assumptions.
USAA posts the lowest Model Y Long Range average at $2,256 a year, but eligibility is limited to military members, veterans and their families. Among carriers open to everyone, Travelers is cheapest at $2,748, followed by Nationwide at $3,044 and State Farm at $3,051. Farmers is the most expensive of the carriers tracked here at $5,331.
It costs more than a mainstream sedan like a Toyota Camry and roughly the same as a comparably priced European luxury sedan. The driver is collision repair severity, specifically aluminum-intensive structure, sensor recalibration requirements and limited certified repair capacity.
For drivers who maintain a Safety Score of 90 or above in a supported state, usually yes. For drivers scoring in the 70s or below it typically costs more, because the score sets the monthly premium directly rather than acting as a one-time discount.
At minimum 100/300/100 liability with matching uninsured and underinsured motorist limits, a low comprehensive deductible because of the glass roof and camera-equipped windshield, a higher collision deductible to control premium, and gap coverage if the car is financed or leased.
No major carrier applies a surcharge or a discount for Autopilot or FSD. Tesla Insurance does factor forced Autopilot disengagements into the Safety Score, which affects your monthly premium there.
Generally no. A hardwired wall connector is treated as a fixture under a homeowners or renters policy. Tesla Insurance is the main exception and includes wall connector and mobile connector coverage in the auto policy.
Every renewal. Rate filings change constantly and carriers rely on customer inertia. Pulling three fresh quotes 45 days before renewal is the single highest-return habit available to an owner.