Question 1

How much is Tesla Model Y insurance per year?

Accepted Answer

Tesla Model Y comprehensive insurance costs between RM5,400-7,700 per year depending on variant (RWD, Long Range, or Performance), your NCD, and insurer. With maximum 55% NCD, you could pay as low as RM2,400-3,500. Third Party coverage costs around RM1,400-2,100 per year.

Question 2

Why is Model Y insurance more expensive than Model 3?

Accepted Answer

Model Y insurance is about RM800-1,000 more than Model 3 due to: (1) Higher vehicle value (RM20,000-30,000 more), (2) Larger body panels = more expensive repairs, (3) Bigger panoramic glass roof, and (4) SUV body type historically has higher claims frequency.

Question 3

Is the panoramic glass roof covered?

Accepted Answer

Yes, the glass roof is covered under comprehensive insurance. However, replacement costs RM10,000-15,000 while standard windscreen coverage is usually RM3,000-5,000. You may need to pay the difference or request higher glass coverage limits.

Question 4

Should I choose Liberty InsureMyTesla or Allianz for Model Y?

Accepted Answer

Liberty is Tesla's official partner with seamless integration and 12-month repair warranty. Allianz EV Shield offers higher charger coverage (RM15,000 vs RM12,000), mobile EV charging service, and is often 5-10% cheaper. Allianz is better value; Liberty is better for Tesla purists.

Question 5

Can I use Model Y for e-hailing (Grab)?

Accepted Answer

Private comprehensive insurance does NOT cover commercial use. If using for e-hailing, you need a commercial/e-hailing specific policy with higher premiums and different coverage terms. Always declare commercial use to your insurer.

Question 6

Does the 7-seater option affect insurance?

Accepted Answer

No, the 7-seater option does not affect insurance premium as it doesn't change the vehicle's market value classification. Third-row passengers are covered under standard liability. No special endorsement is needed.

Question 7

What happens if the battery is damaged?

Accepted Answer

Tesla's battery is structural. Even minor underbody impacts may require inspection. Battery replacement costs RM80,000-150,000, often exceeding total loss threshold. Many moderate Model Y accidents result in total loss due to battery concerns.

Question 8

How much is Tesla Model Y road tax in Malaysia?

Accepted Answer

Tesla Model Y road tax is approximately RM400-550 per year depending on motor power output. RWD is around RM400, Long Range around RM500, and Performance around RM550. This is significantly cheaper than equivalent petrol luxury SUVs.

Model Y Variant	Engine	Market Value	Comprehensive	Third Party
Model Y RWD	Electric (220 kW)	RM180,000	RM5,400-6,200/year	RM1,400-1,700/year
Model Y Long Range AWD	Electric (378 kW)	RM225,000	RM6,200-7,200/year	RM1,600-1,900/year
Model Y Performance	Electric (393 kW)	RM255,000	RM7,000-7,700/year	RM1,800-2,100/year

Feature	Comprehensive	Third Party
Price for Model Y	RM5,400-7,700/year	RM1,400-2,100/year
Own Damage Cover
Theft Protection
Third Party Liability
Best For	New/financed Model Y (under 8 years old)	Old Model Y (8+ years old)

Model Y Insurance Price Malaysia 2026

Tesla Model Y

Model Y Insurance Price Comparison 2026

Factors Affecting Your Model Y Insurance Price

NCD (No Claim Discount)

Driver's Age & Experience

Location

Coverage Type

Sum Insured (Market Value)

Add-ons Selected

Model Y Insurance by Variant

Model Y RWD (Standard Range)

Specifications

Best For

Model Y Long Range AWD

Model Y Performance

Comprehensive vs Third Party for Model Y

How to Save on Model Y Insurance

Maintain Your NCD

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Best Insurers for Model Y

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