Everyone says that Teslas are cheaper to own than gas cars, but is that actually true?

Over the last year, I have kept track of every single expense for our Model Y when it comes to charging, maintenance,.

Insurance, and more. So, in this video, I want to share those numbers with you and compare them to what they would.

Be if I owned a gas car.

Let's go ahead and start with charging.

Over the last year, this car has driven between 12 and 14,000.

Miles.

Mostly daily commutes, but also a couple weekend road trips and a cross-country road trip last winter.

The Tesla app keeps track of all the charging data.

So, you can see outside of these road trips, I mostly just charge at home.

And to get the most accurate charging cost, I even put in our electricity rates into the Tesla app.

So, how much did I spend on charging over the last year?

The answer,.

$810.

Seems like a lot. Well, let's see what it would have cost me in gas if I had a gas car.

The Tesla app uses the monthly average gas prices in your state to calculate how much you would have spent in gas.

So, here's my state of Nevada.

And based off of this, I would have spent about $2,675.

If I had to pay for gas.

So that means over just the last year, I've saved a total of $1,865.

Just by charging.

And to give a little more detail here, the Tesla app actually can break down your cost between what you spend at.

Home versus what you spent at superchargers.

So you can see although I've used a supercharger only a handful of times throughout the last year, I actually spent more.

At superchargers than charging at home.

And this is because the price of superchargers is quite a bit more than the price of home charging.

Unless you're in California, then they're about the same.

And if you are, I'm sorry about that.

But I wanted to bring this up because if you have the option to charge at home and you don't take a.

4,000mi.

Cross-country road trip like I did, you can actually save even more money than me.

Now, let's go over maintenance next.

This car was purchased in December 2023,.

So it's almost 2 years old at this point.

Over the last year, I've done nothing but general Tesla maintenance to it, which I'll list off here.

Number one, I changed the air filters, which took like 10 minutes of labor and cost me $30.

Number two, I put air in my tires, which also took me like 10 minutes of labor, but it cost me $0.

And that's it. That's my whole list of maintenance for the past year for the Model Y.

And this is normal. Teslas are literally the cheapest cars to own for at least the first 5 years of ownership.

I feel like most of the maintenance cost comes from eventually needing new tires,.

Which despite what your uncle says,.

Lasts just about as long on a Tesla as they do on any other car.

This Model Y has a little over 30,000 mi.

The tires are in great shape.

I had a 2022 Model 3 that lasted 58,000.

Mi with original tires.

I was about to change the tires on that until this happened, but that's a different story.

Now, as far as maintenance for a gas car goes, I know that most cars over the first 2 years don't need.

Any sort of major maintenance in most cases.

Here's what I found the average price of an oil change to be.

Maybe after a year and 12 to 14,000 mi, you'll need like one or two of these.

So, as far as my savings goes when it comes to maintenance,.

It would be something like whatever you spend on oil changes and anything else minus the $30 that I had to spend.

On my air filters. Now, with the help of today's sponsor, I want to mention another cost not of Tesla ownership, but.

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Now, let's talk insurance because this is where Teslas get really expensive, right?

Let's take a look.

I have Tesla insurance, which monitors your driving habits, gives you a safety score, and bases your rate on that safety score.

So, long story short, the safer you drive, the higher your safety score, and the higher your safety score, the less your.

Premium.

My safety score is 94. And if you're curious, here is the things that Tesla insurance tracks to determine your rate.

Tesla insurance also automatically tracks your mileage.

So months that I drove a lot, my premium was a little bit higher generally.

And months where I didn't drive so much, my premium was a little bit lower.

So with full coverage with Tesla insurance over the last year, I've spent a total of $1,92258.

On insurance.

Which means on average, if my math is right, I spent about $160.

Per month for my insurance.

But again, it fluctuates month-to-month.

So my highest monthly premium over the last year was $190.97.

And my lowest monthly premium over the last year was $13,556.

And I know that some people think I lie in these videos.

Here's a quick runrough of the screenshots from my Tesla app.

You can pause, take a look if you want to.

Now, Google tells me the average price for full coverage auto insurance in the US is between $223.

And $242.

Per month. And I know there's some people who pay way more than that.

And I know there's some people who pay way less than that.

Insurance depends on so many things like your age, where you live, and a ton of other things.

The point I'm trying to make is, at.

Least for me, as a 30-year-old male living here in Nevada,.

My insurance is not any higher just because I drive a Tesla.

Now, next, I want to mention registration.

I was going back and forth between mentioning it in this video because at least here in Nevada,.

There is no difference between driving a gas car and a Tesla when it comes to registration.

And also here in Nevada, we have some of the highest registration and renewal fees in the entire country.

For the Model Y, I paid $878.

To renew it last December.

And at least here in Nevada,.

A gas car for the same price would have cost me the exact same.

But I did want to bring up registration because there is a thing going around the US called an EV tax, which.

In some states has already been introduced within the last few years.

So, yes, registering your Tesla in some states may be more expensive than a gas car solely because of the EV tax.

And unfortunately,.

This is a trend that I don't see stopping anytime soon.

And lastly, I wanted to touch on purchase price.

The price of Teslas are always fluctuating,.

But I do want to get ahead of the comments that I might get that are going to be like, "Oh, well,.

I drive a 2004 Toyota Corolla and I save way more than you because I didn't have to spend $100,000 on a.

Tesla in the first place."

And yeah, if that's you, you probably did save more money than me.

Full disclosure,.

It's no secret Teslas are not the cheapest cars that you can buy.

But if you want the real numbers, I'll share mine.

So, here is the order agreement for the Model Y.

Our purchase price was $489.90.

The white interior was an extra $1,000.

We also got $3500.

Off due to an endofear inventory discount.

And also not shown, I did get 6 months of free supercharging.

So, the total cost after all the fees included was 48130.

Also not shown, I did qualify for the tax credit.

So, when I filed my taxes a few months later, I got a check in the mail for $7,500.

For the EV tax credit. So, anyways, the total price, including all the fees and the tax credit, was $40,630.

Sounds expensive.

Yeah, maybe. But if you compare it to the average price of a new car in the US today, which is almost.

$49,000,.

Which doesn't even include taxes and fees,.

Maybe it's not so bad. But then again, if you compare it to a used 2004 Toyota Corolla,.

Yeah, it's probably expensive.

So, after one full year of ownership,.

Bottom line, yes, Teslas are actually cheaper to own than a gas car.

At least for me. Charging saved me almost $2,000.

Maintenance was basically nothing.

Insurance ended up being a little cheaper than average, and registration.

Was no different than any other car in Nevada.

And sure, the upfront cost of Teslas aren't the cheapest on the market, but if you put some miles on it, that.

Day-to-day ownership costs doesn't really add up as much as people think.

And if you charge at home and keep the car for a few years, those savings can add up fast.

So, those are my numbers. That's my experience.

If you have any questions, leave a comment down below.