2024 Tesla Model Y Insurance Cost
The 2024 Tesla Model Y averages $2,680/yr in annual insurance premiums. At 2 years old, this electric suv costs the same as than the model's overall average of $2,680/yr.
Quote My 2024 Model Y$2,680/yr
Avg. Annual Insurance
5/5 NHTSA
Safety Rating
Low
Theft Risk
Electric SUV
Body Type
2 years old
Vehicle Age
Insurance Tips for Your 2024 Tesla Model Y
At 2 years old, the 2024 Model Y has depreciated enough that you might consider dropping comprehensive coverage if the car's value is low — but check your loan requirements first.
The Model Y's low theft risk helps keep comprehensive coverage affordable.
With a 5/5 NHTSA safety rating, ask your insurer about safety feature discounts — many carriers offer 5-10% off for vehicles with advanced driver assistance systems.
Bundle your auto and home (or renters) insurance to save 10-25% on both policies.
Compare quotes from at least 3-5 carriers. Rates for the same vehicle can vary by $500+ between companies.
Frequently Asked Questions
How much does 2024 Tesla Model Y insurance cost?
A 2024 Tesla Model Y costs an average of $2,680/yr to insure. This is the same as than the model's overall average of $2,680/yr.
Is the 2024 Tesla Model Y safe?
The Tesla Model Y carries a 5/5 NHTSA safety rating. Recent model years include advanced safety features like automatic emergency braking, lane departure warning, and adaptive cruise control, which can help lower your premium.
Should I get full coverage on a 2024 Tesla Model Y?
Yes — a 2 years old Model Y still holds significant value, so comprehensive and collision coverage is recommended to protect your investment.
Why is 2024 Tesla Model Y insurance cheaper than average?
This model year is close to the average because it's still relatively new but has started to depreciate.
How can I save on my 2024 Tesla Model Y insurance?
Compare quotes from multiple carriers (Truvo compares 40+ for free), raise your deductible to $1,000, maintain a clean driving record, bundle policies, and take advantage of discounts for safety features, low mileage, or good student status.
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