Model year · Updated August 3, 2026
2021 Tesla Model Y insurance cost
A 2021 Model Y averages $2,210 a year for full coverage, $1,626 less than the 2025 model year. Insured value falls as the car ages, but repair cost per claim does not, so the decline is flatter than on a comparable petrol crossover.
- Average annual, full coverage
- $2,210/yr
- Average monthly
- $184/mo
- vs. 2025 model year
- $1,626 less than
- Cheapest carrier
- USAA, $1,300
Why model year moves the premium
Two things change as a Model Y ages. The insured value falls, which reduces what a total loss costs the carrier and pulls comprehensive and collision premiums down with it. But the cost of repairing the car after a survivable collision barely moves: aluminum structural work, sensor recalibration and Tesla-routed parts cost the same on a 2021 as on a 2025.
That is why the spread across the whole 2021–2025 range is $1,626 a year rather than the much steeper curve owners expect from a petrol car. Age helps, but it helps less than usual.
Carrier estimates for a 2021 Model Y
These scale each carrier's published average by the model-year ratio, so treat them as estimates for shortlisting rather than as published figures for this specific year.
| Carrier | Est. annual | Est. monthly |
|---|---|---|
| USAAMilitary members and their families | $1,300 | $108 |
| TravelersOwners bundling home and auto | $1,583 | $132 |
| NationwideLow-mileage drivers using SmartMiles | $1,754 | $146 |
| State FarmOwners who want a local agent | $1,758 | $146 |
| AmicaOwners who prioritize claims service | $1,872 | $156 |
| GEICODigital-first buyers who want fast quotes | $2,183 | $182 |
| AllstateOwners who want an agent plus strong app tools | $2,288 | $191 |
| ProgressiveDrivers with tickets or accidents | $2,404 | $200 |
| Erie InsuranceCoverage depth in the Midwest and Mid-Atlantic | $2,612 | $218 |
| FarmersBundling multiple specialty policies | $3,071 | $256 |
Compare other model years
2021 Model Y insurance FAQ
How much does it cost to insure a 2021 Tesla Model Y?
Full coverage on a 2021 Model Y averages $2,210 a year, or about $184 a month, for a 40-year-old driver with a clean record and 100/300/100 limits at $500 deductibles.
Is an older Model Y cheaper to insure?
Yes, though less steeply than for a petrol car. A 2021 Model Y averages $2,210 a year against $3,836 for a 2025, a difference of $1,626. Repair cost per claim does not fall as fast as the car's value, so the curve is flatter than owners expect.
Should I drop full coverage on an older Model Y?
Rarely. Model Y collision claims stay expensive regardless of the car's age because aluminum structural repair and sensor recalibration costs do not decline. Raising your collision deductible is the better version of that idea.