Simply input your ZIP code, and allow us to guide you towards the most beneficial car insurance in your vicinity. We are like detectives of insurance policies, committed to sniffing out the most affordable coverage for you. We diligently compare all available insurers, recommend the optimal deductibles, and tirelessly search for every possible discount. We're here to ensure you get the best deal on your auto insurance!
Simply input your ZIP code, and allow us to guide you towards the most beneficial car insurance in your vicinity. We are like detectives of insurance policies, committed to sniffing out the most affordable coverage for you. We diligently compare all available insurers, recommend the optimal deductibles, and tirelessly search for every possible discount. We're here to ensure you get the best deal on your auto insurance!
2020 Tesla Model Y, Long Range Car Insurance Rates
How much does it cost to insure this electric SUV version of Tesla Model Y in 2024 and upcoming 2025?
The average cost to insure
this trim level of 2020 Tesla Model Y is $1,041 per year, which is $87 monthly.
Combatting high insurance rates for electric vehicles like the 2020 Tesla Model Y involves several strategies. Shop around and compare quotes from different insurers, consider bundling your policies, and inquire about discounts for safety features and low mileage. Regularly reviewing and adjusting your coverage can also help keep costs in check.
Tesla Model Y: Expensive to insure?
While the average insurance rates for the Tesla Model Y in 2024 hover around $1,041 per year for a full coverage premium, it's prudent to anticipate higher rates given that it's an electric vehicle. For drivers with infractions, lower credit scores, or a checkered driving history, annual rates may even exceed $1,562. On the other hand, if your goal is to secure the most affordable car insurance for this Long Range Model Y model, you could opt for minimum coverage, which is considerably less expensive. Annual insurance for minimum coverage starts as low as $312.Specifications that may affect your rates.
The size and power of the engine, as well as other technical parameters of 2020 Tesla, Model Y affect your policies.
The table below showcases the decisive specifications of the Tesla, Model Y that have an effect on auto insurance premiums in your vicinity. These include engine power, cubic capacity and torque - all determinants for successful driving performance.
Beyond its technical features, the most critical determinant of an auto insurance cost is undoubtedly that vehicle's sticker price. The model in consideration was valued at approximately $48,000.
| Specifications | Parameter |
|---|---|
| Engine Size | |
| Horse Power (HP) | |
| Horse Power (RPM) | |
| Engine Type | electric |
| Cylinders | |
| Torque (RPM) | |
| Pound-foot (torque) | |
| Transmission | 1-speed direct drive |
| Fuel Type | electric fuel |
| Curb Weight |
The Tesla Model Y comes equipped with a number of innovative safety features that may be taken into consideration by certain insurance providers when calculating policy prices. However, remember that these improved security measures are not always advantageous -- contemporary technology can also result in higher premiums. Many modern safety features, like autonomous systems, radars, automatic brakes and advanced airbags are priced highly; however, there likely won't be much improvement in your insurance rates due to the fact that they factor in these potential costs.
Does a self-driving car result in lower insurance rates?
Is owning a self-driving Tesla Model Y associated with lower insurance rates? No. Not yet! In fact, the high price of these vehicles can often result in higher premiums due to the potential for greater financial loss if damage occurs.Autopilot technology
The Tesla autopilot system is a cutting-edge technology that allows for semi-autonomous driving. The autopilot system uses cameras and sensors to detect other vehicles, pedestrians, and objects on the road, as well as to read road signs and lane markings. The system can assist with steering, accelerating, and braking, making longer journeys safer and more comfortable. However, it is important to note that the autopilot system still requires a driver to remain engaged and attentive at all times. Tesla drivers must be ready to take control of the vehicle if necessary and should never rely solely on the autopilot system.All safety features in this model
- 2 front headrests
- 3 rear headrests
- Blind spot warning accident avoidance system
- Child seat anchors
- Dual front side-mounted airbags
- Front and rear head airbags
- Front fog/driving lights
- Pre-collision safety system
- Remote anti-theft alarm system
- Stability control
- Tire pressure monitoring
- Traction control
- 4-wheel ABS
- Rear center 3-point belt
- Rear door child safety locks
- Rear fixed headrests
- Autopilot
- Full Self-Driving Capability
| Lowest Rates | Average Rates | |
|---|---|---|
| Average Drivers | $729 | $1,041 Your Rates? Get Quotes |
| Good Drivers | $416 | $625 Your Rates? Get Quotes |
| Teen Drivers | $1,249 | $1,978 Your Rates? Get Quotes |
| Bad Credit | $1,145 | $1,457 Your Rates? Get Quotes |
Table of contents
2020 Tesla, Model Y, Long Range: Rates by insurance company
Which insurer offers the most advantageous annual car insurance on this model of 2020 Model Y?
When you're searching for car insurance rates on a 2020 Tesla Model Y, Long Range, don't waste your time comparing companies – we've already done the hard work! With competitive prices like ERIE's average annual rate of $573 and Allstate's at just $666 per year, why look any further? Farmers will charge around $729 each year while GEICO is slightly higher with an estimated cost of about $781. As a trouble-free driver with a harmless insurance history, you can get even lower rates of around $625 per year if you operate your 2020 Tesla Model Y, Long Range in a low-traffic and safe location. Your rates will be even lower if you bundle your policy, have a good driving history and credit score. Discover the various model series and equipment types available for this car below!
| Insurance Company | Lowest Rates | Tesla Model Y |
|---|---|---|
| ERIE ERIE offers comprehensive auto insurance coverage |
$344 | $573 Get Quotes Agents Call |
| Auto-Owners Auto-Owners has competitive rates in . |
$319 | $531 Get Quotes Agents Call |
| Allstate Allstate can meet its financial and claims obligations easily. |
$400 | $666 Get Quotes Agents Call |
| American Family Quality coverage, competitive rates from an industry leader. |
$375 | $625 Get Quotes Agents Call |
| Farmers Great coverage options backed by a knowledgeable, professional team. |
$437 | $729 Get Quotes Agents Call |
| GEICO Wide range of coverage, competitive rates, an experienced customer service. |
$469 | $781 Get Quotes Agents Call |
| Liberty Mutual Usage-based car insurance programs, competitive rates |
$500 | $833 Get Quotes Agents Call |
| Nationwide Very cheap car insurance rates when adding a teen driver to a policy. |
$531 | $885 Get Quotes Agents Call |
| Progressive Smart choice for high-risk drivers. |
$562 | $937 Get Quotes Agents Call |
| State Farm Good discount opportunities for students and teens. |
$593 | $989 Get Quotes Agents Call |
| Travelers Below-average insurance rates, well-rated for claims handling. |
$656 | $1,093 Get Quotes Agents Call |
| USAA High customer satisfaction scores. |
$687 | $1,145 Get Quotes Agents Call |
How much is 2020 Tesla Model Y Car Insurance in Your State?
Who has the cheapest rates for this electric Model Y?
Want to learn more about what kind of coverage you can expect for a 2020 electric version of Tesla Model Y in your State? Look no further. Our table outlines the cost involved, taking into consideration legal minimum requirements, average rates in each state and other factors such as minimal full coverage premiums.
As an example, the average driver in California pays approximately $1,208 a year for basic liability coverage. Florida drivers can expect to pay around $1,354 per annum for Toyota Camry policies and Texans tend to get lower rates of about $1,134 each year. To get the exact rates for your region (ZIPCode) and vehicle, it is recommended to get online quotes from multiple insurance carriers and compare their offerings.
Compare insurance premiums across all Tesla Model Y models
The same car models can have annual insurance policies that differ by hundreds of dollars. We'll explain why.
Tesla Model Y car insurance rates can vary depending on the model of car you own. Insurance companies often times charge higher rates for luxury or sports cars because they are considered to be a higher risk. In the table below, you can find all trim versions of the Model Y model of the Tesla brand, including average prices for an annual policy. As you can see, different variants of your model are valued differently by insurance companies. However, there are ways to compare rates and find the best policy for you and your vehicle. When shopping for car insurance, it is important to compare rates from multiple companies. Some insurers will offer discounts for certain features of your car, such as safety features or anti-theft devices. It is also important to consider the type of coverage you need. If you live in an area with a lot of traffic, you may want to purchase comprehensive or collision coverage.
| Year | Average Rates | |
|---|---|---|
| 2022 | Tesla Model Y, Long Range
Long Range 4dr SUV AWD (electric DD) |
$1,703 Your Rates? Get Quotes |
| 2022 | Tesla Model Y, Performance
Performance 4dr SUV AWD (electric DD) |
$1,703 Your Rates? Get Quotes |
| 2021 | Tesla Model Y, Standard Range
Standard Range 4dr SUV (electric DD) |
$1,225 Your Rates? Get Quotes |
| 2021 | Tesla Model Y, Long Range
Long Range 4dr SUV AWD (electric DD) |
$1,484 Your Rates? Get Quotes |
| 2021 | Tesla Model Y, Performance
Performance 4dr SUV AWD (electric DD) |
$1,484 Your Rates? Get Quotes |
| 2020 | Tesla Model Y, Long Range
Long Range 4dr SUV w/Prod. End 04/20 (electric DD) |
$1,057 Your Rates? Get Quotes |
| 2020 | Tesla Model Y, Long Range
Long Range 4dr SUV AWD (electric DD) |
$1,224 Your Rates? Get Quotes |
| 2020 | Tesla Model Y, Performance
Performance 4dr SUV AWD (electric DD) |
$1,266 Your Rates? Get Quotes |
2020 "Long Range" Insurance Rates by Age & Gender
How your age affects car insurance costs for this vehicle?
The Model Y's annual car insurance premium costs an average of $1,041. As seen in the table below, 16-year old drivers have to shell out a whopping $2,707 for their "Lariat" trim level policy - the highest rate among all age groups. Until the age of 19, this amount decreases only minimally, and twenty-year-old "male" insureds pay a monthly insurance amount of $141. On the other hand, seniors aged 55+ with good record on driving can get this type of coverage at its lowest price possible, approx. $781 annually. While gender does affect rates slightly too; it is ultimately the driver's age that has a greater influence on insurance premiums.
By taking advantage of all the right factors - such as being over 30, choose the ideal insurance company, having a stellar credit history, no past driving violations, high enough deductible and living in an area with low crime rates - you could be paying just $433 for collision coverage plus $108 for comprehensive coverage on your Ford Maverick annually. If you opt to get full car insurance protection, this will total up to only $541 per year!
| Teenagers | Female | Male |
|---|---|---|
| 16 years old | $2,603 | $2,748 |
| 17 years old | $2,551 | $2,686 |
| 18 years old | $2,509 | $2,613 |
| 19 years old | $2,394 | $2,488 |
| Adults | Female | Male |
| 20 years old | $1,614 | $1,686 |
| 21 years old | $1,520 | $1,582 |
| 22 years old | $1,426 | $1,457 |
| 23 years old | $1,343 | $1,364 |
| 24 years old | $1,249 | $1,291 |
| 25 years old | $989 | $1,145 |
| 30 years old | $937 | $999 |
| 35 years old | $895 | $927 |
| 40 years old | $833 | $874 |
| 45 years old | $822 | $843 |
| 50 years old | $802 | $812 |
| 55 years old | $750 | $781 |
| Seniors | Female | Male |
| 60 years old | $739 | $802 |
| 65 years old | $718 | $760 |
| 70 years old | $843 | $874 |
| 75 years old | $947 | $979 |
How do deductibles influence your insurance premiums?
The amount of your deductible can significantly affect the cost of your insurance premium.
For a 2020 Tesla Model Y Long Range raising your car insurance deductible to $1000 may help you save up to 22% on collision and comprehensive coverage. That would mean an annual premium of approximately $812 - saving you money upfront! However, if a lower deductible is more budget-friendly for you right now, choosing one of just $100 can still provide some discount off the total policy annually (often as much as 2%), leaving only about $1,020 yearly or around $85 monthly in payments. Ultimately it's all about finding a balance between what works best for your wallet and how much risk you're willing to take on. By selecting a deductible of $2000 for this model of Model Y, your collision coverage will be around $433 and comprehensive premium should come in at just under $108.
| Your Deductible | Collision Premium | Comprehensive Premium |
|---|---|---|
| Zero-deductible Increases rates significantly |
$916 | $229 Get Quotes |
| $50 1% deductibles discount |
$824 | $206 Get Quotes |
| $100 2% deductibles discount |
$816 | $204 Get Quotes |
| $150 3% deductibles discount |
$808 | $202 Get Quotes |
| $200 5% deductibles discount |
$791 | $198 Get Quotes |
| $250 7% deductibles discount |
$775 | $194 Get Quotes |
| $300 9% deductibles discount |
$758 | $189 Get Quotes |
| $500 15% deductibles discount |
$708 | $177 Get Quotes |
| $1000 22% deductibles discount |
$650 | $162 Get Quotes |
| $2000 48% deductibles discount |
$433 | $108 Get Quotes |
FAQ & Answers
related to car insurance of 2020 Tesla Model Y, Long Range
Long Range version of 2020 Tesla Model Y annual car insurance is about $1,041 on average. But, if you are a responsible driver with an exceptional credit score and no infringements in risk-free areas, your premiums can dip to less than $521 per annum. On the contrary, individuals under 20 years of age will pay more than $1,978 annually while those with bad credits residing in regions deemed as "perilous" by insurance companies would be charged around $1,666 each year.
Depending on your region, the most competitive car insurance rates for Tesla Model Y, Long Range owners can be found from ERIE with an annual rate of around $573; Allstate - $666; Auto-Owners - $531 or GEICO at a cost of about $781 per annum. These premiums are subject to fluctuate due to age, exact location and other minor factors but if you shop around carefully you may find plans as low as only $521 annually!
Teenagers, who may be deemed a greater risk to insurance companies based on age alone, are typically charged the highest premium for 2020 Tesla Model Y car insurance at an average of $1,978 per year. Clients with poor credit and living in "high-risk" areas pay just below that rate at approximately $1,353 annually. Those fortunate enough to have attained a good driving record, financial stability and reside in less hazardous regions can expect premiums as low as $625 each year — equating to about $52 monthly! Furthermore, by upping the deductibles on your 2020 Model Y Long Range to $2000, you will be able to decrease your policy price significantly; collision coverage to $433 and comprehensive coverage as low as a mere $108.
If you're considering the 2020 Tesla Model Y (Long Range), keep in mind that car insurance premiums for electric vehicles tend to be 15-30% higher than those of diesel or petrol models. This is mainly due to their more costly spare parts and expensive repairs - often putting even full coverage auto insurance at around $1,249 per year. To sum it up, carrying comprehensive and collision protection on your Tesla Model Y will require an added expense from policyholders. For drivers with a good credit score, driving record, higher education and who live in areas of low traffic, these rates can be drastically reduced to less than $833 if they are over 25 years old. You may even further minimize the cost by opting for an increased deductible of at least $2,000.
With its horsepower engine, the 2020 Tesla Model Y is considered a safe vehicle (in terms of high performance) by insurance providers—which means you can rest easy knowing your rates won't rise as compared to other cars with larger engines.
When calculating the cost of your Tesla Model Y's auto insurance, bear in mind that many other factors will be considered. Your zip code and credit score are key factors, as is any history you have of not getting involved in traffic accidents or receiving fines. To reduce premiums further, consider additional discounts available to you and lastly decide how much deductible amount works best for you. Don't forget to choose the right insurance company.
Let's insure the most popular vehicles in U.S
Tesla Model Y
The Tesla Model Y, known for its cutting-edge technology and sleek design, comes with a surprising twist – a staggering average insurance cost of $2,878 per year, almost doubling the rates of other car models at $1,451.…
Toyota Camry
For adults, an annual insurance policy for a Toyota Camry costs $1,350 - that's only $112 each month! Unfortunately, teens and young drivers must pay much more than adults; their average rate is around $2,420 annu…
Ford F-150
If you own a Ford F-150, you're in luck! The average insurance for this model comes in at $1,120 per year - that's more than $255 less than the national average. Insurance costs could range from u…
Ford Mustang
Ford Mustang is a popular car, and it is no different when it comes to car insurance. For adults, the Ford Mustang may be more expensive to insure than other vehicles, but it can still be a good o…
Type Your Location ...and Get Better Car Insurance
Type Your Car Model ...and Find Your Rates
©
Before you leave...
You can always save on car insurance, the trick is finding the right policy...shall we look at it together?
