Best Tesla Model Y Auto Insurance in 2025 (Find the Top 10 Companies Here)

The top picks for the best Tesla Model Y auto insurance are American Family, Nationwide, and Progressive, renowned for their exceptional coverage options and customer service.

These providers stand out in the competitive market by offering tailored policies that enhance the safety features of the Tesla Model Y. Unlock details in our guide titled, “Cheap Tesla Auto Insurance.”

Our Top 10 Company Picks: Best Tesla Model Y Auto Insurance

With advanced security system discounts and coverage for unique electric vehicle needs, they ensure drivers receive comprehensive protection. Choosing the right insurer from these top contenders can significantly impact your experience and expenses. To compare Tesla Model Y auto insurance quotes from top companies, enter your ZIP code above now. It’s fast and free.

#1 – American Family: Top Overall Pick

Pros

• Generous UBI Discount: American Family offers a 30% usage-based insurance discount, encouraging Tesla Model Y owners to drive safely.
• High A.M. Best Rating: With an A rating, American Family is recognized for its financial stability, ensuring reliable claims service for Tesla Model Y insurance.
• Service Excellence: Known for excellent customer service, providing Tesla Model Y owners with supportive and efficient insurance handling. See more details in our guide titled, “American Family Auto Insurance Review.”

Cons

• Limited Policy Options: Compared to competitors, American Family may offer fewer tailor-made options for Tesla Model Y’s specific needs.
• Higher Rates for High-Risk Areas: Tesla Model Y owners in high-risk areas might face relatively higher premiums with American Family.

#2 – Nationwide: Best for Multi-Policy Savings

Pros

• Top Multi-Policy Discounts: Nationwide provides a 40% discount for bundling policies, beneficial for Tesla Model Y owners with multiple insurance needs.
• Superior Financial Strength: Nationwide’s A+ A.M. Best rating ensures robust backing for Tesla Model Y claims, even in massive payout scenarios.
• Specialized Tesla Coverage: Offers specific coverages that cater to the unique aspects of insuring a Tesla Model Y. Read up on the Nationwide auto insurance review for more information.

Cons

• Price Variability: Tesla Model Y insurance rates Nationwide can vary significantly based on the driver’s profile and location.
• Complex Claim Process: Some users report a more complex claims process, which can be a drawback for Tesla Model Y owners seeking simplicity.

#3 – Progressive: Best for Coverage Options

Pros

• Broad Coverage Choices: Progressive offers a wide array of insurance options, allowing Tesla Model Y owners to customize their policies extensively.
• UBI Opportunities: A 30% discount on usage-based insurance can significantly benefit Tesla Model Y drivers who prefer telematics-based plans.
• High A.M. Best Rating: With an A+ rating, Progressive is well-equipped to handle claims for Tesla Model Y owners reliably. Delve into our evaluation of Progressive auto insurance review.

Cons

• Inconsistent Customer Service: Service levels may vary, potentially affecting Tesla Model Y owners during claims or inquiries.
• Premium Fluctuation: Tesla Model Y insurance premiums may fluctuate due to Progressive’s dynamic pricing model, impacting budget predictability.

#4 – Travelers: Best for Robust Options

Pros

• Extensive Coverage Variety: Travelers offers a diverse range of policy options, allowing Tesla Model Y owners to tailor coverage to their specific needs. See more details in our guide titled, “Travelers Auto Insurance Review.”
• High A.M. Best Rating: With an A++ rating, Travelers demonstrates exceptional financial health, ensuring dependable claim payouts for Tesla Model Y insurance.
• UBI Savings: A 30% discount on usage-based insurance provides Tesla Model Y drivers with the opportunity to save significantly based on driving behavior.

Cons

• Higher Premiums: Despite extensive coverage options, Travelers may have higher base rates for Tesla Model Y insurance compared to other insurers.
• Complex Policy Management: The wide range of options can sometimes make policy management and selection confusing for Tesla Model Y owners.

#5 – The Hartford: Best for Mature Drivers

Pros

• Designed for Mature Drivers: The Hartford offers benefits and discounts specifically for mature Tesla Model Y drivers, enhancing value for this demographic.
• Strong Financial Standing: An A+ A.M. Best rating affirms The Hartford’s ability to support Tesla Model Y claims reliably. Learn more in our complete The Hartford auto insurance review.
• Specialized Programs: Tailored programs for mature drivers include perks that are particularly appealing to senior Tesla Model Y owners.

Cons

• Age Restrictions: Benefits and discounts are primarily available to older Tesla Model Y owners, which may limit appeal to a younger audience.
• Premium Costs: Despite specialized offerings, The Hartford’s rates for Tesla Model Y insurance may still be higher, especially outside the preferred age group.

#6 – Liberty Mutual: Best for Custom Coverage

Pros

• Customizable Policies: Liberty Mutual allows for highly personalized Tesla Model Y insurance policies, catering to individual coverage needs.
• Incentives for Safety Features: Offers discounts for Tesla Model Ys equipped with advanced safety technologies, rewarding owners for their vehicle’s capabilities.
• Strong Financial Rating: An A rating from A.M. Best ensures that Liberty Mutual can reliably manage Tesla Model Y insurance claims. Discover more about offerings in our complete Liberty Mutual auto insurance review.

Cons

• Variable Customer Service: Customer service quality can vary, which might affect the Tesla Model Y insurance experience during claims.
• Rate Inconsistency: Tesla Model Y owners may experience rate fluctuations based on the company’s dynamic pricing model, which could impact budget planning.

#7 – Farmers: Best for Great Service

Pros

• Exceptional Customer Service: Farmers is renowned for its customer service, providing Tesla Model Y owners with reliable and supportive interactions.
• Flexible Coverage Options: Offers a variety of coverage choices that cater to the diverse needs of Tesla Model Y owners. More information is available about this provider in our Farmers auto insurance review.
• Usage-Based Savings: Like others, Farmers offers a 30% UBI discount, rewarding safe driving behaviors for Tesla Model Y drivers.

Cons

• Higher Cost for Add-Ons: Adding specific coverages for Tesla Model Ys can significantly increase the overall cost of insurance with Farmers.
• Policy Complexity: The wide array of options can lead to complexity in managing and understanding the insurance policies for Tesla Model Y owners.

#8 – AAA: Best for Roadside Assistance

Pros

• Superior Roadside Assistance: AAA is particularly noted for its comprehensive roadside assistance, essential for Tesla Model Y owners.
• Bundled Discounts: Offers significant savings for Tesla Model Y owners who bundle their auto insurance with other policies.
• Financial Stability: An A rating from A.M. Best ensures AAA’s reliability in managing Tesla Model Y insurance claims. Learn more in our complete “AAA Auto Insurance Review.”

Cons

• Membership Requirement: AAA requires a membership to access insurance services, which might be an extra step for Tesla Model Y owners.
• Costlier Premiums: Despite discounts, AAA’s premiums for Tesla Model Y insurance can be higher compared to other insurers.

#9 – Auto-Owners: Best for Customer Satisfaction

Pros

• High Customer Satisfaction: Auto-Owners is known for its excellent customer service, providing a positive experience for Tesla Model Y insurance.
• Stable Financial Rating: An A++ rating from A.M. Best indicates exceptional financial health, which benefits Tesla Model Y claim processing. Discover insights in our guide titled, “Auto-Owners Auto Insurance Review.”
• Discounts for Safety Features: Auto-Owners offers discounts for Tesla Model Ys that include advanced safety technologies, reducing insurance costs.

Cons

• Limited Availability: Auto-Owners insurance may not be available in all areas, restricting access for some Tesla Model Y owners.
• Conservative Coverage Options: While reliable, the coverage options for Tesla Model Ys may not be as extensive as those offered by other insurers.

#10 – Geico: Best for Affordable Rates

Pros

• Competitively Priced: Geico offers some of the most affordable rates for Tesla Model Y insurance, making it an attractive option for budget-conscious owners.
• Extensive Discounts: Includes discounts for good driving, multi-vehicle policies, and more, which can significantly lower Tesla Model Y insurance costs. Learn more by reading our guide titled, “Geico Auto Insurance Review.”
• Strong Financial Outlook: With an A++ rating from A.M. Best, Geico demonstrates robust financial strength for handling Tesla Model Y insurance claims.

Cons

• Generic Policy Offerings: While affordable, Geico’s policies for Tesla Model Y insurance may lack the customization options found with other insurers.
• Customer Service Variability: The quality of customer service can vary, potentially impacting Tesla Model Y owners during claims processes.

Tesla Model Y Insurance Costs: Detailed Breakdown

Understanding the cost of insuring a Tesla Model Y can help owners budget more effectively. Below, we provide a comprehensive breakdown of monthly rates for both minimum and full coverage across various insurance providers.

Tesla Model Y Auto Insurance Monthly Rates by Coverage Level & Provider

The monthly insurance rates for a Tesla Model Y vary significantly depending on the level of coverage and the insurance company chosen. For instance, Auto-Owners offers the lowest minimum coverage at $80 and full coverage at $150 per month, making it an attractive option for cost-conscious drivers.

On the higher end, Liberty Mutual charges $105 for minimum and $190 for full coverage, reflecting its premium service offerings. Other notable providers include American Family and Progressive, which offer competitive rates of $90 and $85 for minimum coverage, respectively, and $160 and $155 for full coverage.

This table provides a clear view of how each provider positions itself in the market, allowing Tesla Model Y owners to make informed decisions based on their coverage needs and budget constraints. Access comprehensive insights into our guide titled “What are the recommended auto insurance coverage levels?“

Are Vehicles Like the Tesla Model Y Expensive to Insure

Insurance costs can vary widely for different models, and understanding these costs is crucial for prospective and current owners. Comparing the Tesla Model Y’s insurance rates with similar SUVs like the Lincoln Nautilus, Chevrolet Tracker, and BMW X2 offers valuable insights.

By examining the insurance rates of SUVs comparable to the Tesla Model Y, potential buyers and existing owners can better anticipate their expenses. This comparison not only provides a clearer financial picture but also assists in making informed decisions regarding vehicle insurance.

The diverse range of insurance rates for models like the Acura RDX, GMC Yukon XL, and Lexus RX 350 underlines the variability in insuring similar vehicles. Analyzing these figures helps prospective buyers of the Tesla Model Y and similar vehicles gauge their possible monthly insurance costs effectively.

What Impacts the Cost of Tesla Model Y Insurance

As with any car, your Tesla Model Y car insurance costs will be affected by personal factors like where you live, your driving record, and your driving habits. The Tesla Model Y trim level you buy will also have an impact on the total price you will pay for Tesla Model Y insurance coverage. Unlock details in our guide titled “How Vehicle Year Affects Auto Insurance Rates.”

Ways to Save on Tesla Model Y Insurance

Securing affordable insurance for your Tesla Model Y is easier with the right strategies. Here are five effective ways to reduce your premiums and ensure your vehicle is protected without breaking the bank.

• Get cheaper Tesla Model Y car insurance rates as a full-time parent.
• Check the odometer on your Tesla Model Y.
• Take public transit instead of driving your Tesla Model Y.
• Reduce your coverage on an older Tesla Model Y.
• Buy a Tesla Model Y with an anti-theft device.

Implementing these strategies can lead to significant savings on your Tesla Model Y insurance. Whether it’s adjusting your coverage or enhancing vehicle security, each step can contribute to more manageable insurance costs while maintaining adequate protection for your Tesla.

Read more: Top 7 Factors That Affect Auto Insurance Rates

Top Tesla Model Y Insurance Companies

Selecting the right insurance provider for a Tesla Model Y involves understanding which companies offer the most affordable rates.

This guide lists the top insurers by market share, highlighting their unique discounts for security systems and other safety features of the Tesla Model Y.

Choosing an insurer for your Tesla Model Y should take into account more than just the cost; consider the benefits and discounts for safety features that each company offers. This list of top providers helps narrow down the options, making it easier to find coverage that meets your needs and budget.

You can compare quotes for Tesla Model Y auto insurance rates from some of the best auto insurance companies by using our free online tool now.