Tesla Model Y Car Insurance

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Owning a Tesla Model Y means driving one of the most advanced electric SUVs on the road. So, to keep your car fully protected, you need the right car insurance that goes beyond basic coverage. Due to the vehicle's cutting-edge features and higher repair costs, it is always recommended to opt for a comprehensive plan, as it provides overall protection. Continue reading to discover the benefits of purchasing Tesla Model Y car insurance.

Benefits of Tesla Model Y Car Insurance

When you protect your Model Y with Tesla car insurance, it provides you with benefits, such as:
 

  • Recover Accidental Damage Cost-Car insurance helps cover expensive repair costs if your Tesla Model Y gets damaged accidentally.
  • Personalise Car Insurance-You can customise your Tesla Model Y car insurance with useful add-ons for enhanced protection.
  • Third-party Financial Loss Protection-Insurance shields you from bearing financial losses caused to third parties during accidents.
  • Legal Compliance-Having valid car insurance will keep you compliant with the Motor Vehicles Act, 1988.
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Types of Car Insurance for Tesla Model Y

There are primarily two types of car insurance that ACKO provides, which are described below for better understanding:

Third-party Car Insurance Policy

A third-party car insurance policy covers any kind of financial losses that a third party might have faced during an accident that involves your car. Remember that this policy is mandated by the Indian Law.

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Comprehensive Car Insurance Policy

A comprehensive car insurance policy provides financial coverage for damages to your car. This insurance covers a wide range of damages, including accidental, flooding, fire, and total loss. You also have the option to include add-on covers for certain parts of your car, which may not be protected under the standard policy.

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Comprehensive Car Insurance Plan Vs Third-party Car Insurance Plan

The table below presents the primary differences between a comprehensive car insurance plan and third-party car insurance:

FactorsComprehensive Car Insurance PlanThird-party Car Insurance Plan
   
Legal MandateNoYes
CoverageFire damageAccidental damageTheft or total lossDamage due to natural or man-made calamitiesThird-party damageThird-party damage
Premium CalculationDepends on car type, model, location, and moreDepends on the car’s kilowatt-hour (kW) capacity set by IRDAI
Premium CostRelatively HigherRelatively Lower
Add-on AvailabilityYesNo

Inclusions/Exclusions in Tesla Model Y Car Insurance

Inclusions

ACKO’s comprehensive car insurance for the Tesla Model Y includes the following:

  1. Road accidents
  2. Fire, self-ignition, or explosions
  3. Man-made or natural calamities
  4. Rat bite
  5. Total loss or theft
  6. Third-party accidents 

Exclusions

The comprehensive car insurance for the Tesla Model Y does not include the following:

  1. Driving under the influence of any intoxicants, such as alcohol or drugs.
  2. Regular wear and tear of the car parts.
  3. Driving without a valid driver's license.
  4. Mechanical or electrical failure.
  5. Driving outside the specified geographical area mentioned in the policy document. 

Add-ons for Tesla Model Y Car Insurance

You can personalise your Tesla Model Y car insurance with several add-ons, some of which are as follows:

NCB Protection

With this cover, you can protect your No Claim Bonus (NCB) event if you make a claim. It will help you get discounts while renewing.
 

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Invoice Cover

If your insured vehicle is stolen or sustains irreparable damage, this add-on compensates the difference between the car’s original invoice value and its Insured Declared Value (IDV).
 

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Consumables Cover

This add-on covers nuts, bolts, screws, and other consumables. Therefore, if your car repair requires the replacement of these components, you do not have to pay for it.
 

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Roadside Assistance

There may be times when you need help while driving, such as running out of gas, a sudden car breakdown, or any other issue. This add-on makes sure that you are covered in such situations.

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Tesla Model Y Car Insurance Price

Tesla Model Y car insurance price depends on several factors, such as:
 

  • IDV: If you opt for a higher IDV for the car, it will increase your premium amount.
  • Car’s Age: The older the car gets, and as its condition deteriorates, the premium amount increases.
  • Car Specifications: Advanced models of cars will cost you more.
  • Registration Location: The location of your car’s registration also impacts your premium. For instance, a vehicle registered in Bangalore will have a higher premium amount than a car registered in Himachal Pradesh.
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Benefits of buying ACKO Car Insurance for Tesla Model Y

Below are the benefits you will get if you buy your Tesla Model Y car insurance from ACKO:

  • Online Process: ACKO offers comprehensive digital options for purchasing, renewing, and claiming car insurance.
  • Instant Claim Settlement: Claims for minor damages, such as broken mirrors, are settled instantly.
  • 24/7 Professional Assistance: If you want to get any advice on matters of buying or renewal of your insurance policy, you can contact our professional experts.
  • Pickup and Drop Benefit: You can avail yourself of pickup and drop facilities in certain cities, where our team takes the car to a network garage for repair and delivers it back to your doorstep.
  • Offers and Discounts: ACKO offers special discounts during festive seasons that you can take advantage of.
  • Lower Cost: By directly contacting ACKO for any insurance-related purchase, you eliminate the cost of a middleman, which in turn lowers your premium.

How to Buy Tesla Model Y Car Insurance from ACKO

Here are the simple steps you can follow to buy Tesla Model Y car insurance from ACKO:
 

Step 1: Go to ACKO’s website and enter your car’s details to get insurance quotes.
Step 2: Select the policy type and tenure that fit your requirements, and add the extra covers you need.
Step 3: Finalise your chosen car insurance policy, pay the premium online, and instantly receive the policy documents through email.

Documents Required for Tesla Model Y Car Insurance

The documents required for buying a Tesla Model Y car insurance are as follows:
 

  1. Vehicle’s registration certificate (RC)
  2. Previous insurer’s name (in case of policy renewal)
  3. NCB details
  4. PAN card
  5. Driving license
  6. Aadhaar card
  7. Car model details
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Claim Procedure for Tesla Model Y Car Insurance

You can claim your Tesla Model Y car insurance policy with ACKO in just a few simple steps.

Step 1: Visit our official website or download the ACKO app.
Step 2: Enter your credentials and log in with your registered contact number.
Step 3: Open the insurance policy section for the Tesla Model Y and select ‘Claim Now’.
Step 4: Take clear photos of the car’s damage, upload them, and click ‘Submit’.
Step 5: Upon approval, receive instant claim settlement for minor damages, while the insurance team assists you with major ones.

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In case of significant damage claims, the ACKO team will get in direct contact with you.

Tesla Model Y Overview

The Tesla Model Y is an electric car that was launched in India in July 2025. The SUV features a modern and minimalistic interior with a seating capacity for 5 people. The price for the car ranges between ₹59.89 lakh and ₹73.89 lakh; the price may vary depending on the location where you purchase it. It offers a range of up to 622 km, fast charging, and premium features. Its ample boot space and quick acceleration make it practical for Indian families.

Tesla Model Y Rivals

  1. Kia EV6
  2. BMW iX1
  3. BYD Sealion 7
  4. Mercedes-Benz EQA
  5. Jeep Grand Cherokee

Frequently Asked Questions

It is essential to have your Tesla Model Y registered to get car insurance. However, there are no specific eligibility criteria for getting Tesla Model Y car insurance.
 

You can keep the price of Tesla Model Y car insurance low by opting for fewer add-ons and maintaining a low IDV.
 

Yes, you can easily get Tesla Model Y car insurance in India online. You can visit ACKO’s website or download the mobile application to buy car insurance for your Tesla Model Y in just a few clicks.
 

To select the best insurance for the Tesla Model Y, you need to compare different policies, select essential add-ons, check their claim settlement ratio, and more.
 

The car insurance price for EVs like the Tesla Model Y is generally higher. However, the comprehensive cost for owning a Tesla is lower due to several government initiatives, such as FAME subsidies. Moreover, the IRDAI has set a 15% discount on third-party insurance for EVs.

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Written by Saumya Srivastava

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Reviewed by Lokesh Shetty Author info Icon

A professional writer who loves delivering content that resonates, educates, and keeps readers engaged, making the often complex world of insurance more approachable and enjoyable. Beyond the pen, she is a passionate foodie at heart who believes in savoring life’s flavors in all aspects, whether it's a new dish or a well-crafted sentence.

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