Trim comparison · Updated August 3, 2026
Tesla Model Y Performance insurance cost
The Performance trim costs $142 a year more to insure than the Long Range on average, and the gap is not uniform: some carriers barely charge for it, others add several hundred dollars, and GEICO prices the Performance below the Long Range. Both trims, every carrier that publishes them.
- Cheapest Performance
- $2,256/yr
- Most expensive
- $5,440/yr
- Average trim premium
- $142/yr
- Carriers compared
- 10
Performance vs Long Range by carrier
Same driver, same coverage, same state mix. The only thing that changes is the trim.
| Carrier | Performance | Long Range | Trim premium |
|---|---|---|---|
| USAAMilitary members and their families | $2,256 | $2,256 | no change |
| TravelersOwners bundling home and auto | $2,891 | $2,748 | +$143 |
| NationwideLow-mileage drivers using SmartMiles | $3,224 | $3,044 | +$180 |
| State FarmOwners who want a local agent | $3,308 | $3,051 | +$257 |
| AmicaOwners who prioritize claims service | $3,413 | $3,249 | +$164 |
| GEICODigital-first buyers who want fast quotes | $3,483 | $3,790 | −$307 |
| ProgressiveDrivers with tickets or accidents | $4,435 | $4,173 | +$262 |
| AllstateOwners who want an agent plus strong app tools | $4,537 | $3,971 | +$566 |
| Erie InsuranceCoverage depth in the Midwest and Mid-Atlantic | $4,577 | $4,534 | +$43 |
| FarmersBundling multiple specialty policies | $5,440 | $5,331 | +$109 |
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
Why the faster trim costs more
Acceleration is a rating factor in its own right. Actuarial data ties higher performance to higher-severity collisions, and rating plans reflect that directly. The Performance also runs larger wheels, uprated brakes and a stiffer suspension setup, all of which raise the cost of a routine repair.
What does not drive the difference is the drivetrain. Both trims are battery-electric with the same structural layout and the same sensor suite, so the aluminum repair and calibration costs that make any Model Y expensive to insure apply equally to both.
The practical takeaway is that the trim premium varies far more between carriers than it does in absolute terms. If you own the Performance, the carrier you pick matters more than the trim itself. Compare all carriers.
Model Y Performance insurance FAQ
How much more is insurance on a Model Y Performance?
Across the carriers that publish both trims, the Performance averages $142 a year more than the Long Range. The gap ranges from nothing at all to several hundred dollars, and GEICO actually publishes a lower Performance average than Long Range average.
Why does the Performance trim cost more to insure?
Acceleration is an actuarial rating factor. Faster cars are associated with higher-severity collisions, and the Performance also carries larger wheels and uprated brakes that raise repair cost. The drivetrain being electric is not the reason.
Which carrier is cheapest for a Model Y Performance?
USAA posts the lowest published Performance average at $2,256 a year. Farmers is the highest at $5,440. Pull at least six quotes, since eligibility and regional availability vary.