Skip to content

Tesla Model Y car insurance

Compare insurance for your Tesla Model Y

Earn up to £130 in rewards every year with SuperSaveClub^
Save up to £508^ on car insurance
You’re protected with Price Promise - we price match and more

Average policy price:

£848^

Based on fully comprehensive policies for all drivers across the UK.

Is the Tesla Model Y expensive to run?

The Tesla Model Y is relatively inexpensive to run as charging costs for electric cars are generally cheaper than fuel. However from 1st April 2025 you’ll need to pay road tax on electric cars, so things will become a little more expensive in the short term.

Are Tesla Model Ys expensive to insure?

Yes, Tesla Model Ys are generally on the pricey side to insure as they typically fall into insurance groups 46 to 50 - the highest of them all. The Model Y has advanced tech, an expensive battery and requires costly repairs, so insurers factor this all in and charge higher premiums.

What cover do I need for my Tesla Model Y?

When you buy car insurance for your Tesla Model Y, you’ll be able to choose from the following types of policy:

Third-party only, which covers you for damage you cause to other people, their vehicles or their property - but not you or your car

Third-party, fire and theft policies add protection for your own car, but only if it’s stolen or damaged by fire or an explosion

A fully comprehensive car insurance policy includes all the above as well as extensive protection for your own vehicle

Increasing your excess

Choosing a higher voluntary excess can reduce your premium. Make sure the total excess is affordable if you need to claim, especially as Tesla repairs can be costly.

Driving safely

Any convictions or endorsements will usually increase the cost of insuring your Tesla Model Y. A clean driving record helps keep prices lower.

Buy insurance around 20 days before you need it

Our research shows drivers often see lower prices when they compare quotes around 20 days before their policy starts. Buying at this point could save you up to £227.36^{^} .

Pay annually

Paying for your insurance in one go is usually cheaper than paying monthly. Annual cover can cost up to 12.60%^{^} less overall, saving you up to £172.68^{^} .

Reducing extras

Add-ons like breakdown cover cost extra to add to your policy. Cutting out the extras you don't need can reduce your car insurance price.

Building a no-claims bonus

The more no-claims discount you have, the lower your premium is likely to be, including for electric vehicles.

Parking Securely - Model Y

Parking your Model Y in a locked garage, secure car park or off-road driveway can reduce insurance costs by lowering theft and damage risk.

Adding a named driver

Adding an experienced, low-risk driver can sometimes reduce your premium. Always make sure the main driver is listed correctly, as incorrect details can invalidate your policy.

The Tesla Model Y typically falls into insurance groups 46 to 50, making it one of the most expensive makes and models to insure. Cars in the highest insurance groups are often high-value and high-performance, as well as being more expensive to repair - so you’ll need to pay more than average to insure them.

Tesla’s Model Y is an electric car with a powerful motor, as well as advanced driver assistance features and a pricey battery pack, all of which contribute to its high insurance group. If you want to think about alternative electric cars that are cheaper to insure, you could consider things like the Hyundai Kona Electric or the Volkswagen ID.4.

This table shows insurance groups for some common models:

Model	Insurance group
Tesla Model Y RWD 5d Auto	46
Tesla Model Y Long Range RWD 5d Auto	45
Tesla Model Y Long Range AWD 5d Auto [7 Seat]	47
Tesla Model Y Long Range AWD 5d Auto	48
Tesla Model Y Performance AWD 5d Auto	50

Don't see your car model?

Car insurance group checker

Fully comprehensive

✔ Highest level of protection
✔ Injuries and damage to you and your car
✔ Medical expenses
✔ Fire and theft
✔ Injuries and damage to others
✔ Legal protection
Third-party, fire and theft

✔ Injuries and damage to others
✔ Fire damage to your car
✔ Theft of your car
Third-party only

✔ Legal requirement
✔ Injuries and damage to others

Car insurance cover advisor tool

Earn up to £20^ every time you buy

We’ll reward you every time you make a purchase. Exchange your earnings for a gift card for Amazon.co.uk^{^} , Sainsbury’s & more
Free experiences

A years worth of free experiences across the UK. From London Zoo and Go Ape, to Hussle Swimming and English Heritage, there’s an adventure for everybody. Worth £180^{^} .
Cashback

Whether you're buying clothing, homewares or takeaways, earn up to 10%^{^} cashback from brands like Just Eat, eBay & Argos.
Refer a friend

You and your friends each get up to £20 when they join the Club and make a qualifying purchase. Win-Win!

Trusted Service Awards Winners

MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.

img-feefo-platinum-trusted-service-award-2026

Reviewed on 9 Feb 2026