Carrier review · Updated August 3, 2026
Travelers Tesla Model Y insurance review
Solid EV-aware coverage with a hybrid and electric discount. 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 this set.
Who Travelers is right for
Travelers is our pick for owners bundling home and auto. Against the rating profile used throughout this site it averages $2,748 a year, which is $1,088 below average and places it 2nd of the 10 carriers with published Model Y rate data.
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 this set.
Pros and cons
What works
- Named hybrid and electric vehicle discount
- Strong bundle pricing when paired with a homeowners policy
- Premier new-car replacement available on vehicles under two model years
- Accident forgiveness and minor-violation forgiveness on the Responsible Driver plan
- Gap coverage available directly on the auto policy
What does not
- Standalone auto rates are unremarkable without a bundle
- IntelliDrive scoring period can increase rates as easily as lower them
- Not available in every state
- Claims satisfaction scores trail State Farm and USAA
Coverage highlights
Beyond standard liability, collision and comprehensive, these are the coverages and endorsements that matter most for a Model Y owner at Travelers.
- Hybrid and electric vehicle discount
- Premier new-car replacement
- Gap coverage endorsement
- Responsible driver accident forgiveness
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: About 42 states
How claims are handled: Independent agents, app and phone
Telematics: Optional (IntelliDrive)
How Travelers 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 |
|---|---|---|
| $3,356 | $2,796 | $2,628 |
How Travelers compares
| Carrier | Avg. annual | Avg. monthly | Best for |
|---|---|---|---|
| USAA | $2,256 | $188 | Military members and their families |
| Nationwide | $3,044 | $254 | Low-mileage drivers using SmartMiles |
| State Farm | $3,051 | $254 | Owners who want a local agent |
| Amica | $3,249 | $271 | Owners who prioritize claims service |
Travelers FAQ
How big is the Travelers electric vehicle discount?
It is typically a modest single-digit percentage off the total premium and varies by state filing. It is real, but it will not by itself make Travelers the cheapest option for a Model Y.