Tesla Model Y Insurance Cost in New York
Official 2026 rate study for insuring a Tesla Model Y in New York (NY). Compare full coverage against state minimum liability (25/50/10), model year depreciation, and major carrier underwriting benchmarks.
Official Specification & Legal Compliance Records
📊 Key Statistics: Tesla Model Y in New York (2026)
Journalists, automotive researchers, and academic writers may cite and reuse these localized actuarial figures with attribution to AutoInsure.online.
AutoInsure.online (2026 New York Auto Insurance Index)
Tesla Model Y Rates by Model Year in New York
Depreciation schedule calculated for New York insurance premiums from 2012 to 2026.
| Model Year | Full Coverage (Annual) | Full Coverage (Monthly) | State Min Liability | Savings vs 2026 | Coverage Advice |
|---|---|---|---|---|---|
| 2026 | $3,031 | $253/mo | $106/mo | Baseline | Full Coverage (Comp + Collision) |
| 2025 | $2,917 | $243/mo | $107/mo | -4% | Full Coverage (Comp + Collision) |
| 2024 | $2,810 | $234/mo | $108/mo | -7% | Full Coverage (Comp + Collision) |
| 2023 | $2,710 | $226/mo | $109/mo | -11% | Full Coverage (Comp + Collision) |
| 2022 | $2,617 | $218/mo | $110/mo | -14% | Full Coverage (Comp + Collision) |
| 2021 | $2,529 | $211/mo | $111/mo | -17% | Full Coverage ($1,000 Deductible) |
| 2020 | $2,448 | $204/mo | $112/mo | -19% | Full Coverage ($1,000 Deductible) |
| 2019 | $2,371 | $198/mo | $114/mo | -22% | Full Coverage ($1,000 Deductible) |
| 2018 | $2,300 | $192/mo | $115/mo | -24% | Full Coverage ($1,000 Deductible) |
| 2017 | $2,233 | $186/mo | $116/mo | -26% | Consider 10% Rule (Liability Only) |
| 2016 | $2,171 | $181/mo | $117/mo | -28% | Consider 10% Rule (Liability Only) |
| 2015 | $2,112 | $176/mo | $118/mo | -30% | Consider 10% Rule (Liability Only) |
| 2014 | $2,058 | $172/mo | $119/mo | -32% | Consider 10% Rule (Liability Only) |
| 2013 | $2,007 | $167/mo | $120/mo | -34% | Consider 10% Rule (Liability Only) |
| 2012 | $1,959 | $163/mo | $121/mo | -35% | Consider 10% Rule (Liability Only) |
Tesla Model Y Rates by Driver Age in New York
Actuarial loss-cost surcharges and discounts applied by New York carriers based on driver experience.
Estimated Quotes by Carrier: Tesla Model Y in New York
Sample underwriting benchmarks across major carriers serving New York drivers.
| Insurance Carrier | A.M. Best Rating | Estimated Monthly | Estimated Annual | Action |
|---|---|---|---|---|
| State Farm | A++ | $266/mo | $3,192/yr | |
| Progressive | A+ | $238/mo | $2,856/yr | |
| GEICO | A++ | $268/mo | $3,216/yr | |
| Allstate | A+ | $253/mo | $3,036/yr |
Frequently Asked Questions: Tesla Model Y Insurance in New York
How much does it cost to insure a Tesla Model Y in New York? ▾
Full-coverage car insurance for a Tesla Model Y in New York averages approximately $253 per month ($3,031 per year). Drivers opting for statutory state minimum liability (25/50/10) pay approximately $106 per month ($1,273 per year).
Is Tesla Model Y insurance cheaper or more expensive in New York? ▾
The Tesla Model Y is approximately 6.4% more expensive than the statewide average vehicle insurance rate of $2,850/year in New York. Its High actuarial risk classification and 5-star crash safety rating help keep physical damage loss ratios stable.
What are the legal minimum insurance requirements for a Tesla Model Y in New York? ▾
Under New York insurance statutes, any motor vehicle registered in the state must carry at least $25,000 bodily injury per person, $50,000 bodily injury per accident, and $10,000 property damage liability (25/50/10), plus mandatory Personal Injury Protection (PIP) of at least $50,000.
How much does a 16-year-old pay to insure a Tesla Model Y in New York? ▾
A 16-year-old teen driver on a standalone policy pays approximately $632/month ($7,578/year) for full coverage in New York. Parents can substantially lower this surcharge by adding the young driver to a family multi-car policy and submitting good student grade transcripts.
When should I drop full coverage on an older Tesla Model Y in New York? ▾
Apply the actuarial 10% Rule: if the annual cost of comprehensive and collision coverage exceeds 10% of your vehicle's actual cash value (ACV), consider switching to state minimum liability only. In New York, this typically occurs around model year 2018 or older.
Compare Tesla Model Y Insurance Across Other States
See how insurance rates for the Tesla Model Y vary across different state statutory jurisdictions.