Vehicles & Usage
Tesla Model Y Car Insurance Costs in New Zealand: 2026 Premium Data & Quote Comparison
How much might it cost to insure a Tesla Model Y in New Zealand? Insurspy reviewed historical quote results recorded from 14 March 2025 to 22 August 2026. These figures show the quotes analysed, not a price that every driver can expect today.
When you compare New Zealand car insurance quotes, check cover, exclusions, excesses and policy terms as well as the premium.
Summary
- The average comprehensive premium was NZ$2,534.59 a year across 1,886 quotes analysed.
- Historical comprehensive premiums ranged from NZ$888.95 to NZ$10,630.15 a year.
- AA had the lowest average comprehensive annual premium at NZ$1,941.12, followed by COVE at NZ$2,064.42.
- In like-for-like comparisons, AA was the lowest-priced insurer in 69.0% of comparisons and COVE in 31.8%. This does not mean either will be cheapest for every driver.
- There were relatively few third-party and third-party fire and theft quotes analysed, so use those figures as limited context and obtain a fresh personal quote.
| Cover type | Quotes analysed | Average annual premium | Annual premium range | Average monthly premium |
|---|---|---|---|---|
| Comprehensive (CP) | 1,886 | NZ$2,534.59 | NZ$888.95–NZ$10,630.15 | NZ$228.77 |
| Third party (TP) | 7 | NZ$328.68 | NZ$180.27–NZ$463.90 | NZ$29.36 |
| Third party, fire and theft (TPFT) | 5 | NZ$865.92 | NZ$565.57–NZ$1,033.15 | NZ$79.57 |
Comprehensive insurance: insurer comparison
This table is ordered by average annual comprehensive premium. The average excess and agreed value come from the same historical quote results; cover can still differ between policies.
| Insurer | Quotes analysed | Average annual premium | Average monthly premium | Average excess | Average agreed value |
|---|---|---|---|---|---|
| AA | 252 | NZ$1,941.12 | NZ$178.39 | NZ$641.47 | NZ$57,225.35 |
| COVE | 242 | NZ$2,064.42 | NZ$200.02 | NZ$638.22 | NZ$56,295.08 |
| STATE | 228 | NZ$2,335.51 | NZ$194.63 | NZ$598.68 | NZ$56,555.74 |
| AMI | 216 | NZ$2,371.18 | NZ$197.61 | NZ$605.79 | NZ$55,451.55 |
| ANZ | 180 | NZ$2,620.38 | NZ$234.73 | NZ$698.89 | NZ$58,081.44 |
| AMP | 248 | NZ$2,771.81 | NZ$255.23 | NZ$682.26 | NZ$57,293.38 |
| TOWER | 267 | NZ$2,995.54 | NZ$274.49 | NZ$627.72 | NZ$57,601.63 |
| TRADEME | 253 | NZ$3,114.36 | NZ$285.38 | NZ$628.06 | NZ$57,845.98 |
Like-for-like comparisons: lowest-price share
Like-for-like means quotes from different insurers were compared using the same set of comparable policy details, rather than comparing different drivers or vehicle values directly.
| Insurer | Times lowest priced in like-for-like comparisons | Lowest-price share in like-for-like comparisons |
|---|---|---|
| AA | 174 | 69.0% |
| COVE | 77 | 31.8% |
| STATE | 9 | 3.9% |
| ANZ | 4 | 2.2% |
| AMP | 4 | 1.6% |
| AMI | 3 | 1.4% |
| TOWER | 1 | 0.4% |
| TRADEME | 0 | 0.0% |
2026 location comparison: average comprehensive annual premium
These are 2026 location summaries for the same vehicle year and comprehensive cover. The table shows observed price differences between locations; it does not explain why they differ.
| Location | Quotes analysed | AA | COVE | STATE | AMI | ANZ | AMP | TOWER | TRADEME |
|---|---|---|---|---|---|---|---|---|---|
| Albany, Auckland (0632) | 5 | NZ$2,304.17 | NZ$1,492.84 | NZ$1,928.64 | NZ$2,111.80 | NZ$2,332.57 | NZ$3,007.91 | NZ$2,953.30 | NZ$3,063.36 |
| Botany, Auckland (2014) | 2 | NZ$2,412.72 | NZ$2,954.57 | NZ$3,129.92 | — | NZ$4,971.32 | NZ$3,975.06 | NZ$4,787.10 | NZ$4,952.99 |
| Mount Eden, Auckland (1023) | 1 | NZ$2,185.24 | NZ$3,049.26 | NZ$2,515.87 | — | NZ$3,230.93 | — | NZ$4,403.15 | NZ$4,570.55 |
Large spreads in like-for-like quotes
Some comparable records show material differences between insurers. These are examples of larger comprehensive full-price spreads in the historical data, not predictions of your premium.
| Vehicle year | Location | Lowest quote | Highest quote | Full spread |
|---|---|---|---|---|
| 2023 | Albany, Auckland (0632) | AA: NZ$4,601.93 | ANZ: NZ$10,630.15 | NZ$6,028.22 |
| 2023 | Albany, Auckland (0632) | AA: NZ$4,407.19 | TRADEME: NZ$9,995.75 | NZ$5,588.56 |
| 2022 | Albany, Auckland (0632) | AA: NZ$2,128.62 | ANZ: NZ$6,218.48 | NZ$4,089.86 |
| 2026 | Ponsonby, Auckland (1011) | AA: NZ$2,780.17 | TRADEME: NZ$6,363.90 | NZ$3,583.73 |
| 2026 | Botany, Auckland (2014) | AA: NZ$2,412.72 | TRADEME: NZ$5,014.57 | NZ$2,601.85 |
Tesla Model Y vehicle years included
| Vehicle year | Vehicles included |
|---|---|
| 2022 | 79 |
| 2023 | 60 |
| 2024 | 14 |
| 2025 | 32 |
| 2026 | 16 |
What to check before buying
- Compare what is covered and excluded, not only the premium. Government consumer guidance notes that policy types can cover damage, theft and third-party liability differently.
- Choose an excess you could afford after a claim. A higher excess will generally lower the premium.
- Check the agreed value, glass-related cover, special terms, limits and exclusions.
- Give complete, accurate and up-to-date information when applying, renewing, changing circumstances or making a claim.
What New Zealand drivers discuss on Reddit
In this r/nzev Model Y quote discussion, owners mainly compare quotes from different insurers and describe sizeable differences between providers. A separate 2026 EV insurance discussion covers Model Y insurance shopping, existing insurer options, and whether roof and windscreen glass cover is included.
These are individual public discussions and anecdotes, not representative evidence. They are not a substitute for policy wording or a personalised quote.
FAQs
What was the average Tesla Model Y comprehensive premium?
The average annual comprehensive premium in these historical quote results was NZ$2,534.59, with an average monthly premium of NZ$228.77.
Which insurer had the lowest average comprehensive premium?
AA had the lowest average annual premium in this data, at NZ$1,941.12. Your own price will depend on your details, vehicle, location, cover and the insurer's underwriting decision.
Should I buy solely on the lowest premium?
No. Check cover, exclusions, excesses, agreed value and special policy conditions alongside the price.
Why should I get a fresh quote?
This page summarises historical aggregated results. Your Model Y version, vehicle year, location, driving and use details, and selected cover can all change a current quote. Get fresh quotes before buying or renewing.
How we compared the quotes
Insurspy analysed aggregated historical Tesla Model Y quote results from 14 March 2025 to 22 August 2026. This page includes 201 matched vehicles, 278 quotes and 1,898 insurer prices analysed. Amounts are in New Zealand dollars, with annual and monthly premiums summarised from quote records. Rankings and price spreads show historical results included in the analysis only; they are not ratings of insurer service, claims performance or cover quality.
Author and content note
This guide was edited by the Insurspy consumer content team to help New Zealand readers understand historical price ranges and how to compare quotes. It is not personal financial, legal or insurance advice. Read the policy documents and obtain fresh quotes suitable for your circumstances before buying.
References
- Insurspy data note: aggregated historical Tesla Model Y quote results, 14 March 2025 to 22 August 2026.
- New Zealand Government Consumer Protection: Car insurance
- New Zealand Government Consumer Protection: Insurance