Best Insurance for a Tesla Model Y: Cheapest Rates Compared (2026)
4 min readBy the FSDClarity team
On this page
- Cheapest insurers for the Model Y
- Average Model Y insurance cost
- Tesla Insurance for the Model Y
- GEICO for the Model Y
- USAA for the Model Y
- By state: California and Texas
- Model Y vs Model 3
- How to get the best Model Y rate
- Frequently asked questions
- What is the cheapest insurance for a Tesla Model Y?
- How much is insurance on a Model Y per month?
- Is the Model Y expensive to insure?
- Does the Model Y Performance cost more to insure?
- The bottom line
For a clean-record driver, the cheapest Model Y insurance usually comes from Tesla Insurance (where it's available) or State Farm, with GEICO close behind — typically about $165–$230 a month for full coverage in an average-cost state. But the best insurer for your Model Y depends on your state, record and how you drive, and quotes for the same car can differ by $50 or more a month.
Cheapest insurers for the Model Y
Estimated monthly full coverage for a 2025 Model Y, clean-record adult driver, average-cost state:
| Insurer | Estimated monthly cost | Best for |
|---|---|---|
| Tesla Insurance | about $164 | Smooth drivers in Safety Score states; Tesla-approved repairs |
| GEICO | about $196 | Quick online quotes; often competitive for good drivers |
| State Farm | about $200 | Bundling with home insurance; local agents |
| USAA | Quote needed | Military members and families — often among the cheapest |
From our Tesla Insurance Cost Estimator, based on published averages. Real quotes vary — get at least three.
Average Model Y insurance cost
- Average-cost state, clean record: about $165–$230 a month for full coverage.
- High-cost states (California, Florida, New York, New Jersey, Michigan): often $240–$300 or more.
- Under 25 or a recent at-fault accident: can be double.
One 2026 analysis put a clean-record 40-year-old at about $209 a month for a Model Y with 100/300 liability limits and $500 deductibles.
Tesla Insurance for the Model Y
Tesla Insurance is often the lowest quote for newer Model Ys in its 15 states, especially for careful drivers, because most states price it on your Safety Score. It covers Teslas only, so multi-car households with a gas car may do better elsewhere. In California it can't use driving data — see our California Model Y insurance guide.
GEICO for the Model Y
GEICO is quick to quote online and often competitive for drivers with clean records. Ask about its discounts for multiple vehicles, good drivers and anti-theft features, and check that collision repairs can go to a Tesla-certified shop.
USAA for the Model Y
If you or a family member served in the military, get a USAA quote — it's frequently among the cheapest for eligible members, with strong claims satisfaction.
By state: California and Texas
- California: among the most expensive states; insurers must rate mainly on driving record, mileage and experience, and can't use credit or gender. Expect roughly $190–$330 a month.
- Texas: closer to the national average in our estimator. Tesla Insurance is available and uses the Safety Score, so careful drivers can save.
Model Y vs Model 3
The Model Y usually costs $30–$80 a month more to insure than the Model 3. It's pricier, and its larger body panels and rear casting make major repairs more expensive. See every model ranked in the cheapest Tesla to insure and compare with our Model 3 insurance cost guide.
How to get the best Model Y rate
- Quote Tesla Insurance, one national insurer and one regional or member insurer with identical coverage.
- Choose a $1,000 collision deductible if you can cover it.
- Bundle with home or renters insurance where it saves more than Tesla Insurance would.
- Ask about Tesla-certified repairs and OEM parts — the cheapest policy isn't best if it limits repairs.
- Re-shop every renewal.
Frequently asked questions
What is the cheapest insurance for a Tesla Model Y?
Often Tesla Insurance where available, then State Farm or GEICO — but it varies by driver and state.
How much is insurance on a Model Y per month?
About $165–$230 for full coverage in an average-cost state with a clean record, and more in high-cost states.
Is the Model Y expensive to insure?
More than an average car and more than a Model 3, mainly because of repair costs.
Does the Model Y Performance cost more to insure?
Yes, usually noticeably more than the RWD or Long Range.
The bottom line
Start your Model Y search with Tesla Insurance, State Farm and GEICO — plus USAA if you're eligible — and compare identical quotes. Estimate yours first with the Tesla Insurance Cost Estimator.
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