Tesla Model Y car insurance
Liberty Choice compares 20+ carriers — including EV-savvy insurers — to help Model Y owners find affordable coverage. Get a personalized quote online, by phone, or in person at our Las Vegas office.
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How much does Tesla Model Y insurance cost?
The Model Y is more expensive to insure than most SUVs. Here are the national average premiums from two independent research sources:
| Coverage type | MoneyGeek estimate (annual) | Insurify estimate (monthly) |
|---|---|---|
| Full coverage | $2,887/year | $396/month |
| Minimum liability | $1,479/year | $183/month |
The two sources use different driver profiles and methodologies, which explains the range. MoneyGeek models a 40-year-old male with a clean record; Insurify aggregates median quotes across its partner network. Your actual rate will vary based on your driving history, ZIP code, age, credit score, and the specific Model Y trim and year.
Sources: MoneyGeek, Tesla Model Y insurance cost, updated June 2026. https://www.moneygeek.com/insurance/auto/tesla-model-y-insurance/ | Insurify, Tesla Model Y car insurance quotes, June 2026. https://insurify.com/car-insurance/vehicle/tesla/tesla-model-y/
Tesla Model Y insurance costs significantly more than a comparable gas-powered SUV. According to MoneyGeek's April 2026 analysis of electric vehicle insurance, EVs cost approximately 11% more than similar combustion vehicles to insure on average — and the Model Y often lands above that average due to expensive proprietary components, specialized repair requirements, and the need to recalibrate Autopilot sensors after even minor collisions.
Insurify's June 2026 data puts the national average full coverage rate for a 2024–2025 Model Y at $396 per month — roughly 2.8 times the $142-per-month national average for all vehicles. Model year matters: older Model Ys (2021–2022) average considerably less, while current model years sit at the higher end of the range.
The good news is that comparison shopping makes a real difference. Liberty Choice works with 20+ carriers, including those that have developed specific EV underwriting programs, to find the most competitive rate for your situation.
Tesla Model Y insurance cost vs. other electric and luxury SUVs
EV insurance premiums vary widely depending on battery replacement costs, parts availability, and repair network limitations. Here is how the Model Y compares to select alternatives:
| Make / Model | Annual full coverage (est.) |
|---|---|
| Tesla Model Y | $2,887–$3,343 |
| Volvo XC40 Recharge | ~$2,853 |
| Chevrolet Silverado EV | ~$1,947 |
| National EV average | $3,281 |
Figures represent full coverage averages for drivers with clean records. The wide range for the Model Y reflects different data sources and driver profiles. The Silverado EV figure is cited as the most affordable EV to insure in MoneyGeek's 2026 EV analysis.
Sources: MoneyGeek, Tesla Model Y insurance (https://www.moneygeek.com/insurance/auto/tesla-model-y-insurance/, Jun 2026); MoneyGeek, Electric Vehicle Insurance (https://www.moneygeek.com/insurance/auto/insuring-an-electric-vehicle/, Apr 2026); Volvo XC40 data from MoneyGeek (https://www.moneygeek.com/insurance/auto/volvo-xc40-insurance/, 2026)
The Model Y generally falls in the middle tier among electric SUVs for insurance cost — more affordable than the Audi SQ8 e-tron or high-trim BMW electric models, but pricier than mainstream EVs such as the Chevrolet Silverado EV. Tesla's strong safety technology and low-center-of-gravity design keep accident severity lower than some peers, but repair costs and shop network limitations offset those advantages in the eyes of most carriers.
Types of car coverage for the Tesla Model Y
Nevada requires all drivers to carry at least 25/50/20 liability coverage. Model Y owners who finance or lease will additionally be required by their lender to carry full coverage. Beyond those requirements, several optional coverages take on extra importance for EV owners.
Full coverage
Full coverage combines liability, collision, and comprehensive protection. For a Tesla Model Y, comprehensive is especially valuable: it covers battery damage from non-collision events such as flooding, fire, and storm damage — scenarios where repair costs can reach tens of thousands of dollars.
Collision coverage handles accident repairs regardless of fault. Given that Autopilot sensors and cameras require recalibration after most body repairs — adding several hundred dollars to even a minor claim — having collision coverage is important for maintaining your repair budget.
Full coverage standard policies generally do not include rental reimbursement, roadside assistance, or GAP coverage. These must be added separately. GAP coverage deserves serious consideration for new Model Y buyers: the vehicle depreciates quickly in its first year, and a total loss could leave you owing more than your insurer pays out.
Average cost of full coverage for the Model Y
MoneyGeek's 2026 analysis puts average annual full coverage at $2,887 for the Model Y; Insurify's June 2026 data reports $396 per month ($4,752 annualized) for the 2024–2025 model year. The spread between sources reflects different driver profiles — your individual rate will fall somewhere within or beyond this range depending on your history, location, and chosen limits.
Both figures significantly exceed the national all-vehicle average for full coverage, reflecting the Model Y's specialized parts, limited repair network, and higher-than-average claim costs per incident.
State minimum liability
Nevada's 25/50/20 minimum liability requirement covers bodily injury and property damage you cause to others — it does not protect your Model Y or cover your own injuries. Given that a single Tesla battery replacement can cost upward of $10,000–$20,000, relying solely on minimum liability leaves you fully exposed to your own repair bills after an at-fault accident.
MoneyGeek's 2026 data puts the average annual cost of minimum coverage for the Model Y at $1,479. While this is substantially lower than full coverage, it is still higher than the national average for minimum coverage across all vehicles — reflecting the Tesla's higher replacement cost and classification.
In no-fault states, your own Personal Injury Protection (PIP) kicks in regardless of fault. Nevada is a fault state, so liability coverage is what protects others when you cause an accident. For your own costs, you need collision and comprehensive (or full coverage).
EV-specific insurance considerations for the Tesla Model Y
Owning a Model Y comes with some insurance considerations that do not apply to traditional gas vehicles:
- Battery coverage. Collision and comprehensive coverage protect the battery pack in the event of an accident or non-collision event such as a flood or fire. Battery replacement costs for the Model Y can range from roughly $10,000 to more than $20,000 depending on the variant — making this one of the most important coverage decisions for EV owners.
- Sensor and camera recalibration. Autopilot hardware — cameras, radar, and ultrasonic sensors — often requires recalibration after body repairs, even minor ones. This adds cost to collision claims and is a key driver of the Model Y's higher-than-average repair expenses.
- Tesla-certified repair network. Not all body shops are authorized to perform Tesla repairs. Using non-certified shops may void certain warranty protections and can produce substandard results on aluminum body panels. This limited repair network can also extend claim timelines.
- Home charging equipment. A Level 2 home charger is not typically covered under an auto policy. Depending on your homeowners or renters policy, you may need an endorsement or a separate rider to cover charging equipment and installation.
- Over-the-air software updates. Tesla delivers functionality and safety changes via OTA updates. These updates can affect vehicle behavior and may be relevant to how adjusters assess software-related incidents — worth flagging if an accident occurs shortly after an update.
Factors that affect your Tesla Model Y insurance rate
Beyond the vehicle itself, several individual factors shape what you pay:
- Driving record. Accidents, tickets, and claims within the past three to seven years raise premiums. A clean record is the single most effective way to keep your rate low.
- Location. ZIP code affects rates significantly. Urban Nevada areas with higher traffic density, theft rates, and uninsured driver prevalence typically produce higher premiums than rural ZIP codes.
- Annual mileage. Lower mileage — especially under 7,500 miles a year — generally earns a discount. EV owners who rely on home charging and rarely take long trips may qualify.
- Model year and trim. Newer Model Ys and the Performance variant cost more to insure than older model years or lower-trim variants. The Performance AWD's larger wheels and higher replacement cost push premiums higher.
- Credit score. In Nevada, most carriers use credit-based insurance scores when setting rates. Better credit typically translates to lower premiums.
A Liberty Choice agent can review all of these factors with you and identify which carriers are likely to offer you the best pricing for your specific profile.
How a DUI affects Tesla Model Y insurance rates
A DUI conviction has an outsized effect on Model Y premiums because the baseline rate is already elevated. Carriers typically apply a two- to three-times multiplier to post-DUI rates, meaning a Model Y owner paying $300 per month before a DUI conviction could see that figure climb to $600 or more at renewal.
Nevada requires an SR-22 filing after a DUI conviction, and the filing obligation typically persists for three years. Any lapse in coverage during that period triggers a DMV notification and risks license re-suspension.
Liberty Choice works with both standard and non-standard markets. If your current carrier non-renews you following a conviction, we can shop multiple high-risk-market carriers to find the most competitive rate available for your situation.
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Auto insurance discounts for Tesla Model Y owners
Despite the Model Y's higher baseline premiums, several discounts can bring the cost down meaningfully:
- Good driver discount. A clean record free of at-fault accidents and moving violations for three to five years earns a significant reduction with most carriers.
- Green / EV vehicle discount. Some carriers offer a dedicated discount for hybrid or electric vehicles. Availability varies — ask your Liberty Choice agent which carriers in our network offer it.
- Safety feature discount. The Model Y's standard safety suite — automatic emergency braking, collision avoidance, blind-spot monitoring, and lane assist — may qualify for a safety credit depending on the carrier.
- Low mileage discount. EV owners who charge at home and drive fewer than 7,500 miles per year often qualify for a mileage-based discount.
- Telematics / usage-based discount. Enrolling in a carrier's driving-monitoring program lets cautious, low-mileage drivers earn a lower rate based on actual behavior.
- Bundling discount. Combining auto and homeowners or renters coverage with the same carrier typically saves 5–25% on both policies.
- Anti-theft discount. Tesla's built-in PIN-to-drive, Sentry Mode cameras, and GPS tracking may qualify your vehicle for an anti-theft credit with select carriers.
- Military and autopay discounts. Active-duty service members, veterans, and drivers who set up automatic premium payments often qualify for additional savings.
Discount stacking — combining several applicable discounts — can partially offset the Model Y's elevated baseline premium. Liberty Choice compares which carriers stack the most savings for your profile.
About the Tesla Model Y
The Tesla Model Y is a compact electric SUV that has become one of the best-selling vehicles in the world. The 2025 'Juniper' refresh brought exterior styling updates — including a full-width LED light bar, a smoother front fascia, and a redesigned interior with ambient lighting — to both the Standard RWD and Long Range AWD configurations.
All variants share a large usable battery (approximately 75–82 kWh depending on trim), DC fast-charging via the Tesla Supercharger network (adding roughly 170 miles in 15 minutes at a V3 Supercharger), and regular over-the-air software updates that can add features without a service visit.
Tesla Model Y configurations (2025+)
- Standard RWD. Starting around $41,630, EPA range up to 321 miles, 0–60 mph in approximately 6.6 seconds.
- Long Range AWD. Starting around $49,130, EPA range up to 357 miles, dual-motor all-wheel drive, 0–60 mph in approximately 4.8 seconds.
- Performance AWD. Approximately $59,130, 0–60 mph in 3.3 seconds, 21-inch wheels, upgraded Brembo brakes, and carbon fiber interior trim.
- Model Y 'L' (six-seat). Extended configuration with a three-row, six-seat layout — available in select markets for larger families.
- Supercharging. Access to Tesla's Supercharger network adds roughly 170 miles of range in 15 minutes at a V3 station.
- Over-the-air updates. Software changes, new features, and safety improvements are delivered remotely — no dealer visit required.
Primary competitors include the BMW iX, Audi Q4 e-tron, Volvo XC40 Recharge, Genesis GV60, and Ford Mustang Mach-E.
Get a Tesla Model Y insurance quote — compare EV-friendly carriers today
Model Y insurance costs more than average — but comparison shopping can make a significant difference. Liberty Choice works with 20+ carriers, including those with dedicated EV programs, to find the most competitive rate for your situation. Get a free quote online, visit our office at 6655 W Sahara Ave #A100, Las Vegas, NV 89146, or call 702-742-6322 to speak with a licensed agent.
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