Tesla Model Y Insurance in New Jersey (2026)
Quick Answer
Full coverage for a 2024 Tesla Model Y in New Jersey costs $349/month ($4,182/year). Safety rating: 5/5. Theft risk: low.
✓ Updated March 2026✓ Based on state insurance filings
Tesla Model Y Rates by Company in New Jersey
| Company | Monthly | Annual | Best For |
|---|---|---|---|
| CheapestUSAA | $258/mo | $3,095/yr | Military families |
| Erie Insurance | $275/mo | $3,304/yr | Rate lock guarantee |
| GEICO | $286/mo | $3,429/yr | Clean driving record |
| Progressive | $307/mo | $3,680/yr | Telematics savings |
| State Farm | $317/mo | $3,806/yr | Good students |
| Travelers | $331/mo | $3,973/yr | Multiple discounts |
| Nationwide | $362/mo | $4,349/yr | Bundling home + auto |
| Farmers | $376/mo | $4,517/yr | Signal telematics |
| Allstate | $390/mo | $4,684/yr | Accident forgiveness |
| Liberty Mutual | $411/mo | $4,935/yr | New car replacement |
USAACheapest
Monthly
$258/mo
Annual
$3,095/yr
Best for: Military families
Erie Insurance
Monthly
$275/mo
Annual
$3,304/yr
Best for: Rate lock guarantee
GEICO
Monthly
$286/mo
Annual
$3,429/yr
Best for: Clean driving record
Progressive
Monthly
$307/mo
Annual
$3,680/yr
Best for: Telematics savings
State Farm
Monthly
$317/mo
Annual
$3,806/yr
Best for: Good students
Travelers
Monthly
$331/mo
Annual
$3,973/yr
Best for: Multiple discounts
Nationwide
Monthly
$362/mo
Annual
$4,349/yr
Best for: Bundling home + auto
Farmers
Monthly
$376/mo
Annual
$4,517/yr
Best for: Signal telematics
Allstate
Monthly
$390/mo
Annual
$4,684/yr
Best for: Accident forgiveness
Liberty Mutual
Monthly
$411/mo
Annual
$4,935/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 New Jersey
| Age | Monthly | Annual |
|---|---|---|
| 16 years old | $963/mo | $11,552/yr |
| 19 years old | $582/mo | $6,985/yr |
| 21 years old | $464/mo | $5,564/yr |
| 25 years old | $305/mo | $3,659/yr |
| 30 years old | $252/mo | $3,024/yr |
| 40 years old | $237/mo | $2,843/yr |
| 50 years old | $229/mo | $2,752/yr |
| 65 years old | $250/mo | $2,994/yr |