2024 Tesla Model Y: Insurance & Ownership Costs
Quick Answer
The 2024 Tesla Model Y costs an average of $354/month to insure (full coverage). 5-year total cost of ownership: $62,070 ($1,035/month).
✓ Updated March 2026✓ Based on state insurance filings
MSRP
$46,990
Avg Insurance
$354/mo
kWh/100mi
26
Safety Rating
5/5
Tesla Model Y Insurance by State
| State | Full Coverage | Monthly | |
|---|---|---|---|
| Alabama | $2,619/yr | $218/mo | Details |
| Alaska | $2,464/yr | $205/mo | Details |
| Arizona | $2,970/yr | $248/mo | Details |
| Arkansas | $2,688/yr | $224/mo | Details |
| California | $3,341/yr | $278/mo | Details |
| Colorado | $3,004/yr | $250/mo | Details |
| Connecticut | $3,443/yr | $287/mo | Details |
| Delaware | $3,020/yr | $252/mo | Details |
| Florida | $5,455/yr | $455/mo | Details |
| Georgia | $3,435/yr | $286/mo | Details |
These are estimates based on state averages. Your exact rate depends on your specific profile.
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5-Year Total Cost of Ownership
Depreciation
$27,254
Insurance
$21,240
Fuel
$2,477
Maintenance
$2,810
Financing
$7,929
Registration
$360
5-Year Total Cost
$62,070
$1,035/month | $1/mile