Carrier reviews · Updated August 3, 2026
All 12 carriers we track, ranked by published average annual premium. Each review covers coverage, discounts, availability and how the company handles the EV-specific parts of a claim.
| # | 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.
The lowest published Model Y average, if you qualify
$2,256 average/yr · $188/mo
USAA posts the lowest Model Y average of any carrier listed here, $2,256 a year, and pairs it with consistently high claims-satisfaction results. Membership is restricted to active-duty and former military members plus t…
Read full reviewSolid EV-aware coverage with a hybrid and electric discount
$2,748 average/yr · $229/mo
Travelers is one of the few large carriers with an explicit hybrid and electric vehicle discount, and its bundled home-and-auto pricing is genuinely competitive. Standalone auto pricing is among the most competitive in t…
Read full reviewPay-per-mile pricing that suits garage-queen Model Ys
$3,044 average/yr · $254/mo
Nationwide's SmartMiles program charges a low base rate plus a per-mile charge, which is the single best structure for an owner who drives under about 7,000 miles a year. Standard rates land comfortably below the nationa…
Read full reviewThe most reliable all-around pick for most Model Y drivers
$3,051 average/yr · $254/mo
State Farm is the default recommendation for owners who want competitive pricing without eligibility restrictions or mandatory telematics. Its agent network is the largest in the country, which matters when a Model Y rep…
Read full reviewBest-in-class claims handling with dividend policy options
$3,249 average/yr · $271/mo
Amica repeatedly places at or near the top of independent claims-satisfaction studies, and its dividend policies return a share of premium annually. On the Model Y its published average sits below the national average, s…
Read full reviewQuick online quoting and deep discount stacking
$3,790 average/yr · $316/mo
GEICO's strength is speed and discount breadth. You can bind a Model Y policy online in minutes, and the discount list is long enough that most owners find two or three that apply. Repair-network flexibility is where it …
Read full reviewFull-service coverage priced at a premium
$3,971 average/yr · $331/mo
Allstate combines a large agent network, a well-built app and a broad set of optional protections. Its published Model Y average of $3,971 lands just above the national average, by about 4%, so it is a fit when the servi…
Read full reviewThe most forgiving underwriting for imperfect records
$4,173 average/yr · $348/mo
Progressive will quote drivers that other carriers decline, and its Name Your Price and Snapshot tools give you unusual control over the tradeoff between premium and coverage. Clean-record drivers can usually do better e…
Read full reviewUnusually generous standard coverage, priced above the market
$4,534 average/yr · $378/mo
Erie includes features other carriers charge extra for, most notably a rate-lock endorsement that freezes your premium until you change the policy. On price it is not the bargain its regional reputation suggests: its pub…
Read full reviewBroad product line, weakest standalone auto pricing
$5,331 average/yr · $444/mo
Farmers makes sense when you are consolidating several policies with one agent. As a standalone Model Y policy it posts the highest average of any carrier listed here, $5,331 a year or 39% above the national average, wit…
Read full reviewReal-time Safety Score pricing from the automaker itself
Safety Score based
Tesla underwrites and prices policies using vehicle telemetry rather than traditional rating factors. In California the product is a conventional filed-rate policy without telematics; everywhere else your monthly premium…
Read full reviewWide endorsement menu, no published Model Y average
Not published
Liberty Mutual sells a long list of optional coverages including better-car replacement and original-parts replacement, which suits a Model Y owner who wants specific protections. No Model Y average is published for Libe…
Read full review