Tesla Model X Insurance Rates

Average insurance rates for a Tesla Model X are $1,860 a year with full coverage. Comprehensive costs on average $402 each year, collision insurance costs $844, and liability coverage costs around $456. A policy with just liability insurance costs as low as $508 a year, and coverage for high-risk drivers costs around $4,072. Teen drivers receive the highest rates at up to $6,812 a year.

Average premium for full coverage: $1,860

Rate estimates by individual coverage type:

Rate estimates include $500 policy deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates are averaged for all U.S. states and Model X models.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a large influence on auto insurance rates. Rural areas tend to have lower incidents of collision claims than larger metro areas. The graphic below illustrates how location impacts car insurance rates.

These examples demonstrate why all drivers should compare prices based on a specific location, rather than using price averages.

Use the form below to get customized rates for your location.

Additional Rate Analysis

The chart below details average Tesla Model X insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $1,032
• Using higher $1,000 deductibles will save around $280 annually
• The estimated price for a 40-year-old driver with $500 deductibles is $1,860
• Choosing low deductibles for physical damage coverage bumps up the cost to $2,416
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $4,072
• The cost that insures a teenage driver may cost $6,812 or more

View Chart as Image

Insurance rates for a Tesla Model X can also vary considerably based on the trim level and model year, your age and driving habits, and policy deductibles and limits.

If you like to drive fast or you caused an accident, you may be forking out at a minimum $2,200 to $3,000 additional per year, depending on your age. Insurance for high-risk drivers can be around 44% to 132% more than average. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,700 a year for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records should be prepared to pay upwards of $6,800 a year. View Rates by Age

Where you live has a huge impact on Tesla Model X insurance rates. A driver around age 40 might see rates as low as $1,340 a year in states like New Hampshire, Ohio, and Utah, or as much as $2,510 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles could cut rates by as much as $840 a year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $411 more each year. View Rates by Deductible or Liability Limit

How to Find the Best Tesla Model X Insurance

Saving money on auto insurance requires being safe and accident-free, having a good credit score, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Shop around at least once a year by quoting rates from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

Below you'll find a brief recap of the primary concepts that were touched on above.

• You may be able to save as much as $230 per year just by quoting online in advance
• Drivers who tend to receive serious violations pay on average $2,210 more each year than a low-risk driver
• Increasing deductibles can save approximately $825 each year
• Youthful drivers pay higher rates, with premiums as much as $568 per month if comprehensive and collision insurance is included