Model years · Updated August 3, 2026
Tesla Model Y insurance cost by model year
A 2025 Model Y costs $1,626 a year more to insure than a 2021. Insured value falls as the car ages, but the cost of repairing one after a collision does not, so the curve is flatter than owners expect.
| Model year | Avg. annual | Avg. monthly | vs. 2025 |
|---|---|---|---|
| 2025 Model Y | $3,836 | $320 | current year |
| 2024 Model Y | $3,529 | $294 | $307 less |
| 2023 Model Y | $3,115 | $260 | $721 less |
| 2022 Model Y | $2,377 | $198 | $1,459 less |
| 2021 Model Y | $2,210 | $184 | $1,626 less |
The rating profile behind these numbers
- Vehicle
- Tesla Model Y Long Range
- Driver
- 40-year-old driver, clean record, good credit
- Coverage
- 100/300/100 liability, $500 comprehensive and collision deductibles
- Mileage
- 10,000 miles per year, 12-mile commute
- Usage
- Commute and personal use
Model year FAQ
Does a Tesla Model Y get cheaper to insure as it ages?
Yes, but slowly. A 2021 Model Y averages $2,210 a year against $3,836 for a 2025. The decline is flatter than on a petrol crossover because repair cost per claim does not fall with the car's value.
Which Model Y model year is cheapest to insure?
The 2021, at $2,210 a year on average. Each newer model year costs more, with the largest single jump between 2022 and 2023.
Keep reading
Saving money
How to Find the Cheapest Tesla Model Y Insurance
Nine tactics that actually lower a Tesla Model Y premium, ranked by how much they typically save, plus the ones that are not worth your time.
Understanding your rate
Why Tesla Model Y Insurance Costs More Than You Expect
Repair severity, sensor calibration, parts availability and body shop certification explain most of the premium gap between a Model Y and a comparable gas sedan.
Comparisons
Tesla Insurance vs Traditional Carriers: Which Should a Model Y Owner Choose?
A direct comparison of Tesla Insurance Safety Score pricing against conventional carriers on cost, claims handling, availability and household fit.