How much is insurance for a Tesla Model Y in Massachusetts?
Insurance for a 2023 Tesla Model Y in Massachusetts averages $2,800 to $4,200 per year for full coverage in the 02364 area. Expect $233 to $350 monthly. These numbers come from Sidekick data on 1,200+ verified EV owners as of April 2026.
Here's what you need to know:
- Tesla Model Y rates run 25-40% higher than gas cars because of repair costs and battery tech.
- Massachusetts ranks high nationally. Average full coverage hits $1,700 yearly statewide, per Insurance Information Institute's 2025 report (Source: III Annual Insurance Report, 2025).
- In 02364 (Weymouth area), urban traffic and theft risks push costs up 10-15% over rural spots.
Factors That Set Your Tesla Model Y Rate
Your exact quote depends on a few key items. Check these to lower your bill:
| Factor | Impact on 2023 Model Y Rate | Tip to Save |
|---|---|---|
| Driver Age | Under 25: +50% ($4,200+). Over 50: -20% ($2,500) | Add experienced driver to policy |
| Driving Record | Clean: base rate. 1 at-fault accident: +35% ($3,800) | Take defensive driving course for discount |
| Coverage Level | Liability only: $1,200/year. Full: $3,500 | Bundle home/auto for 15-25% off |
| Deductible | $500: higher premium. $1,000: saves $400/year | Raise to $1,000 if you have savings |
| Mileage | Under 10K miles: -15%. 15K+: base | Track low usage for multi-car discount |
"EV owners in Massachusetts save $600 on average by comparing 3+ quotes," says the Sidekick Research Team, based on analysis of 850 Tesla policies (Source: Sidekick Insurance Study, Q1 2026).
Average Costs by Insurer (2023 Model Y, 40yo Clean Driver, 02364)
| Insurer | Annual Full Coverage | Monthly Payment |
|---|---|---|
| GEICO | $2,650 | $221 |
| Progressive | $3,100 | $258 |
| State Farm | $2,900 | $242 |
| Allstate | $3,800 | $317 |
| Liberty Mutual | $4,100 | $342 |
Data from 320 quotes, updated April 2026 (N=320, Sidekick verified owners).
Steps to Get Your Lowest Rate
- Compare online: Use tools like Sidekick's quote finder. Enter your 02364 zip, Model Y details, and driving history.
- Ask for EV discounts: Many insurers cut 5-10% for Teslas with safety features like Autopilot.
- Improve your profile: Pay on time. Install anti-theft devices for 5% off.
- Review yearly: Rates drop as your Model Y ages. Sidekick tracks changes and alerts you.
Massachusetts requires $20K/$40K liability minimum. Most pick full coverage for Teslas due to high repair bills ($15K+ for fender bender). Fuel savings help offset insurance. Owners report $1,200 less yearly on charging vs. gas.
Sidekick crunches your full ownership costs, including insurance. Plug in your 2023 Model Y to see your personalized total. Start saving today.