Tesla insurance premiums are increasing at more than twice the rate of the rest of the US auto market due to higher repair costs and amid increased instances of vandalism on Tesla vehicles, Electrek reported in April. Insurance premiums in the US have increased across the board over the past year, especially in the last few months, as the market fears tariffs will increase auto industry repair costs.
A new study from Insurify shows that the average cost of full coverage increased by 10% year over year, from $2,102 to $2,302. The study used 97 million quotes between February 2024 and February 2025 to arrive at these results.
Three Tesla models saw the sharpest increases in full-coverage insurance costs between 2024 and 2025, with the rates for the Tesla Model Y rising 2.9 times faster than the national average.
Source: Electrek
