Tesla Model Y Insurance in Michigan (2026)
Quick Answer
Full coverage for a 2024 Tesla Model Y in Michigan costs $337/month ($4,049/year). Safety rating: 5/5. Theft risk: low.
✓ Updated March 2026✓ Based on state insurance filings
Tesla Model Y Rates by Company in Michigan
| Company | Monthly | Annual | Best For |
|---|---|---|---|
| CheapestUSAA | $250/mo | $2,996/yr | Military families |
| Erie Insurance | $267/mo | $3,199/yr | Rate lock guarantee |
| GEICO | $277/mo | $3,320/yr | Clean driving record |
| Progressive | $297/mo | $3,563/yr | Telematics savings |
| State Farm | $307/mo | $3,685/yr | Good students |
| Travelers | $321/mo | $3,847/yr | Multiple discounts |
| Nationwide | $351/mo | $4,211/yr | Bundling home + auto |
| Farmers | $364/mo | $4,373/yr | Signal telematics |
| Allstate | $378/mo | $4,535/yr | Accident forgiveness |
| Liberty Mutual | $398/mo | $4,778/yr | New car replacement |
USAACheapest
Monthly
$250/mo
Annual
$2,996/yr
Best for: Military families
Erie Insurance
Monthly
$267/mo
Annual
$3,199/yr
Best for: Rate lock guarantee
GEICO
Monthly
$277/mo
Annual
$3,320/yr
Best for: Clean driving record
Progressive
Monthly
$297/mo
Annual
$3,563/yr
Best for: Telematics savings
State Farm
Monthly
$307/mo
Annual
$3,685/yr
Best for: Good students
Travelers
Monthly
$321/mo
Annual
$3,847/yr
Best for: Multiple discounts
Nationwide
Monthly
$351/mo
Annual
$4,211/yr
Best for: Bundling home + auto
Farmers
Monthly
$364/mo
Annual
$4,373/yr
Best for: Signal telematics
Allstate
Monthly
$378/mo
Annual
$4,535/yr
Best for: Accident forgiveness
Liberty Mutual
Monthly
$398/mo
Annual
$4,778/yr
Best for: New car replacement
These are estimates based on state averages. Your exact rate depends on your specific profile.
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Tesla Model Y Insurance by Age in Michigan
| Age | Monthly | Annual |
|---|---|---|
| 16 years old | $932/mo | $11,185/yr |
| 19 years old | $564/mo | $6,764/yr |
| 21 years old | $449/mo | $5,388/yr |
| 25 years old | $295/mo | $3,543/yr |
| 30 years old | $244/mo | $2,928/yr |
| 40 years old | $229/mo | $2,752/yr |
| 50 years old | $222/mo | $2,664/yr |
| 65 years old | $242/mo | $2,899/yr |