Cheaper 2017 Tesla Model X Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Mar 30, 2024

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Searching for cheaper insurance rates for your Tesla Model X? If you are new to online insurance, it’s easy to be bewildered due to the large number of local and online companies competing for your business.

It’s a great practice to compare prices once or twice a year because insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest rates on Model X insurance a year ago you will most likely find a better premium rate today. Block out anything you think you know about insurance because you’re going to learn the things you must know in order to lower your annual insurance bill.

If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using this information. The purpose of this article is to familiarize you with the best way to quote coverages and some tips to save money. But drivers do need to know how big insurance companies sell insurance online because it can help you find the best coverage.

How to buy insurance

There are a variety of methods you can shop for insurance but there is one way that is less time-consuming than others. You can waste hours talking to agents in your area, or you can stay home and use online quotes to achieve your goal.

Many popular insurance companies take part in a program where insurance shoppers only type in their quote data once, and every company returns a competitive quote based on that information. This system prevents you from having to do quotation requests for each company.

To compare pricing enter your zip code here.

The one downside to using this type of form is that consumers can’t choose the companies you want pricing from. If you would rather choose individual companies to request quotes from, we have assembled a list of insurance companies in your area. Click to enter zip code.

You can use whichever method you prefer to find lower rates, just try to keep nearly identical information for every quote you compare. If each company quotes different deductibles it will be very difficult to determine which rate is truly the best. Slightly different coverage limits could skew the results. And when price shopping your coverage, more quotes gives you a better chance of getting the best rates. Some smaller insurers to not give quotes online, so it’s recommended that you also compare rates from them as well.

Quote Tesla Model X insurance cheaper

A large part of saving on insurance coverage is knowing some of the elements that play a part in calculating the price you pay for insurance coverage. If you have some idea of what impacts premium levels, this enables you to make decisions that can earn you better insurance coverage rates. Multiple criteria are used in the calculation when quoting car insurance. Some factors are common sense like your driving record, although others are less obvious such as whether you are married or your financial responsibility.

Shown below are some of the things that factor into premiums.

  • Occupation reflects on prices – Occupations like military generals, business owners and financial analysts generally pay the highest average rates because of high stress levels and lots of time spent at work. Conversely, careers like professors, students and performers receive lower rates on Model X insurance.
  • Incidental coverages can cost a lot – There are quite a few extra coverages that you can get tricked into buying if you don’t pay attention. Insurance for coverage for rental cars, towing coverage, and extra life insurance coverage are examples of these. They may sound like good ideas initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • Car and home together may be cheaper – Most major companies afford discounts to customers who have multiple policies with them. It’s known as a multi-policy discount. Even if you already get this discount, drivers will still want to shop around to confirm you are receiving the best rates possible. There is a chance you can save more without the discount even if you insure with multiple companies.
  • Deter vehicle theft – Driving a car with a theft deterrent system can earn a premium discount. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent vehicle theft.
  • Choose high safety ratings and save – Cars with five star safety ratings tend to be cheaper to insure. These vehicles reduce the chance of injuries and lower injury rates means less claims paid and lower rates for you. If the Tesla Model X is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.

Affordable insurance rates with discounts

Insuring your fleet can be pricey, but there could be available discounts to cut the cost considerably. Some discounts apply automatically when you complete an application, but lesser-known reductions have to be specially asked for prior to getting the savings.

  • E-sign Discounts – Many larger companies may give you up to $50 simply for signing on your computer.
  • Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a car insurance quote. Earning this discount can benefit you well after school through age 25.
  • Savings for New Vehicles – Putting insurance coverage on a new car can be considerably cheaper since new model year vehicles are generally safer.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • Accident-Free Discounts – Drivers who stay claim-free get the best insurance rates as compared to policyholders that have many claims.
  • Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a break if you buy some life insurance too.

Don’t be shocked that some credits don’t apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that all the discounts add up to a free policy, you aren’t that lucky.

Companies and a partial list of their discounts can be found below.

  • GEICO has savings for multi-vehicle, federal employee, emergency military deployment, seat belt use, and driver training.
  • Mercury Insurance may include discounts for accident-free, professional/association, type of vehicle, good driver, anti-theft, location of vehicle, and ease of repair.
  • Farmers Insurance includes discounts for alternative fuel, business and professional, switch companies, good student, early shopping, pay in full, and youthful driver.
  • Auto-Owners Insurance may offer discounts for good student, multiple vehicles, teen driver, paperless, and company car.
  • Liberty Mutual has discounts for good student, newly retired, new vehicle discount, newly married, new graduate, new move discount, and multi-car.
  • SAFECO may have discounts that include safe driver, anti-theft, homeowner, multi-car, accident prevention training, and drive less.
  • Progressive offers premium reductions for continuous coverage, online quote discount, homeowner, multi-vehicle, online signing, and good student.
  • USAA policyholders can earn discounts including loyalty savings, vehicle storage, annual mileage, military installation, and good student.

Before you buy a policy, ask all the companies how you can save money. Depending on the company, some discounts might not be offered in your area. To choose insurance companies with the best insurance discounts, enter your zip code here.

Tailor your insurance coverage to you

When it comes to choosing the right insurance coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

For instance, these questions may help highlight whether you might need professional guidance.

  • Why do I only qualify for high-risk insurance?
  • When should I buy a commercial auto policy?
  • When do I need to add a new car to my policy?
  • How can I force my company to pay a claim?
  • Am I covered if I hit my neighbor’s mailbox?
  • When should I drop full coverage on my 2017 Tesla Model X?
  • Am I covered if I hit a deer?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I need higher collision deductibles?
  • Is my teenager covered with friends in the car?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete your zip code.

Car insurance coverage considerations

Knowing the specifics of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Coverage for liability – This coverage can cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims such as pain and suffering, loss of income, repair costs for stationary objects and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your 2017 Tesla Model X.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive coverage – This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, a tree branch falling on your vehicle, fire damage and falling objects. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for doctor visits, X-ray expenses and EMT expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverages – Collision insurance pays for damage to your Model X from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like colliding with another moving vehicle, damaging your car on a curb, colliding with a tree, sustaining damage from a pot hole and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Quote more, save more

As you go through the steps to switch your coverage, it’s a bad idea to skimp on coverage in order to save money. In many cases, someone dropped physical damage coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.

Consumers leave their current company for many reasons like unfair underwriting practices, not issuing a premium refund, extreme rates for teen drivers and even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a new company is not as hard as you think.

Low-cost 2017 Tesla Model X insurance is available on the web and also from your neighborhood agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not provide rate quotes online and these smaller companies prefer to sell through local independent agents.

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