Carrier review · Updated August 3, 2026
State Farm Tesla Model Y insurance review
The most reliable all-around pick for most Model Y drivers. 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 repair estimate needs an argument on your behalf.
Who State Farm is right for
State Farm is our pick for owners who want a local agent. Against the rating profile used throughout this site it averages $3,051 a year, which is $785 below average and places it 4th of the 10 carriers with published Model Y rate data.
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 repair estimate needs an argument on your behalf.
Pros and cons
What works
- Competitive pricing available in every state, 20% below the national average
- Largest local agent network of any US auto carrier
- Drive Safe & Save can reduce premiums up to roughly 30 percent for low-mileage drivers
- Strong financial-strength rating and steady claims performance
- Straightforward bundling with homeowners and renters policies
What does not
- Fewer discounts overall than Progressive or GEICO
- No accident forgiveness in most states
- Rideshare coverage is limited compared with Progressive
- Telematics program requires a Bluetooth beacon or app that must stay active
Coverage highlights
Beyond standard liability, collision and comprehensive, these are the coverages and endorsements that matter most for a Model Y owner at State Farm.
- Rental and travel expenses coverage
- Emergency roadside assistance
- Rideshare driver coverage in select states
- Full-glass endorsement in states that allow it
Discounts available
Not every discount below applies in every state, and several are never surfaced in an online quote. Ask an agent to confirm each one against your filing.
Availability and claims
Where you can buy it: All 50 states and Washington, D.C.
How claims are handled: Local agents, app and phone
Telematics: Optional (Drive Safe & Save)
How State Farm prices by driver age
Published averages for the same Model Y Long Range and the same coverage, varying only the driver's age.
| Age 25 | Age 40 | Age 65 |
|---|---|---|
| $4,852 | $3,137 | $2,812 |
How State Farm compares
| Carrier | Avg. annual | Avg. monthly | Best for |
|---|---|---|---|
| USAA | $2,256 | $188 | Military members and their families |
| Travelers | $2,748 | $229 | Owners bundling home and auto |
| Nationwide | $3,044 | $254 | Low-mileage drivers using SmartMiles |
| Amica | $3,249 | $271 | Owners who prioritize claims service |
State Farm FAQ
Does State Farm charge more for a Tesla Model Y?
A Model Y rates higher than a comparable gas crossover primarily because of collision repair cost, not because it is electric. Aluminum-intensive structure, sensor recalibration and battery-pack proximity to the floor pan all raise the expected claim severity.
How much does Drive Safe & Save save on a Model Y policy?
The program advertises up to roughly 30 percent, though realized savings depend on mileage and driving behavior. Owners driving well under 10,000 miles a year tend to see the largest reductions.