The highest increase in car insurance premiums in the United States is for the Tesla Model Y, with an annual increase of 29%

According to a recent study, the three vehicles with the fastest rising insurance costs in the United States are all Tesla (TSLA.US) models. Over the past year, insurance costs for Tesla Model Y owners have increased by 29%.

Data scientists analyzed over 97 million quotes in their proprietary database to determine which models would see the largest increases in full insurance costs from February 2024 to February 2025.

The study states that new vehicle features are more complex, and the repair costs for minor accidents have surged dramatically. Blind spot monitors and automatic emergency braking systems are expensive sensors that are installed on the outside of the vehicle, making them susceptible to damage in the event of an accident. At the same time, the 10 models with the fastest rising insurance costs are all electric or hybrid vehicles, primarily due to the lower repair costs associated with gasoline-powered vehicles, resulting in lower underwriting costs for insurance companies