Tesla Model X Insurance Rates

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UPDATED: Mar 30, 2024

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Average insurance rates for a Tesla Model X are $1,762 a year with full coverage. Comprehensive costs an estimated $386, collision costs $758, and liability is $460. A policy with just liability insurance costs around $510 a year, with coverage for high-risk drivers costing around $3,840. 16-year-old drivers receive the highest rates at $6,466 a year or more.

Average premium for full coverage: $1,762

Rate estimates broken down by individual coverage type:

Comprehensive $386
Collision $758
Liability $460

Price estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all U.S. states and for different Model X trim levels.

Price Range by Coverage and Risk

For a driver around age 40, prices range go from the low end price of $510 for liability-only coverage to a much higher rate of $3,840 for a driver who requires high-risk insurance.

Liability Only $510
Full Coverage $1,762
High Risk $3,840

Price Range by Location

Choosing to live in a large city can make a big difference on car insurance rates. More rural locations tend to have lower incidents of collision claims than congested cities.

The price range example below illustrates the difference between rural and urban areas on insurance prices.

Rural Areas $1,322
Small Cities $1,850
Large Cities $2,379

These examples demonstrate why anyone shopping for car insurance should compare rates quotes for a targeted area, instead of making a decision based on rate averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Charts and Tables

The chart below details estimated Tesla Model X insurance rates for other coverage scenarios.

  • The best full coverage rate is $987
  • Raising to $1,000 deductibles will save approximately $258 annually
  • The estimated price for a 40-year-old driver who has $500 deductibles is $1,762
  • Buying more expensive low deductibles bumps up the cost to $2,268
  • Drivers with multiple tickets or accidents could pay up to $3,840 or more
  • The cost that insures a 16-year-old driver with full coverage can cost as much as $6,466

View Chart as Image

Tesla Model X insurance cost comparison chart
Column chart showing full coverage Tesla Model X insurance rates range from $987 to $6,466

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

If you like to drive fast or you caused an accident, you may be forking out $2,100 to $2,900 additional per year, depending on your age. High-risk driver insurance is expensive and can cost from 45% to 133% more than the average rate. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,600 every 12 months on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records should be prepared to pay at least $6,400 a year. View Rates by Age

Where you live also has a big influence on Tesla Model X insurance prices. A middle-age driver might find rates as low as $1,270 a year in states like Utah, Ohio, and New Hampshire, or at least $2,380 on average in New York, Michigan, and Florida.

Tesla Model X Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,592 -$170 -9.6%
Alaska $1,350 -$412 -23.4%
Arizona $1,462 -$300 -17.0%
Arkansas $1,762 -$0 0.0%
California $2,008 $246 14.0%
Colorado $1,684 -$78 -4.4%
Connecticut $1,810 $48 2.7%
Delaware $1,994 $232 13.2%
Florida $2,204 $442 25.1%
Georgia $1,626 -$136 -7.7%
Hawaii $1,264 -$498 -28.3%
Idaho $1,194 -$568 -32.2%
Illinois $1,312 -$450 -25.5%
Indiana $1,326 -$436 -24.7%
Iowa $1,188 -$574 -32.6%
Kansas $1,674 -$88 -5.0%
Kentucky $2,404 $642 36.4%
Louisiana $2,606 $844 47.9%
Maine $1,088 -$674 -38.3%
Maryland $1,454 -$308 -17.5%
Massachusetts $1,410 -$352 -20.0%
Michigan $3,060 $1,298 73.7%
Minnesota $1,474 -$288 -16.3%
Mississippi $2,110 $348 19.8%
Missouri $1,562 -$200 -11.4%
Montana $1,892 $130 7.4%
Nebraska $1,390 -$372 -21.1%
Nevada $2,112 $350 19.9%
New Hampshire $1,270 -$492 -27.9%
New Jersey $1,968 $206 11.7%
New Mexico $1,562 -$200 -11.4%
New York $1,856 $94 5.3%
North Carolina $1,014 -$748 -42.5%
North Dakota $1,442 -$320 -18.2%
Ohio $1,216 -$546 -31.0%
Oklahoma $1,810 $48 2.7%
Oregon $1,614 -$148 -8.4%
Pennsylvania $1,680 -$82 -4.7%
Rhode Island $2,350 $588 33.4%
South Carolina $1,596 -$166 -9.4%
South Dakota $1,488 -$274 -15.6%
Tennessee $1,544 -$218 -12.4%
Texas $2,122 $360 20.4%
Utah $1,304 -$458 -26.0%
Vermont $1,206 -$556 -31.6%
Virginia $1,056 -$706 -40.1%
Washington $1,362 -$400 -22.7%
West Virginia $1,614 -$148 -8.4%
Wisconsin $1,218 -$544 -30.9%
Wyoming $1,570 -$192 -10.9%

View Chart as Image

Tesla Model X insurance rates by U.S. city

Opting for high physical damage deductibles can reduce rates by up to $770 annually, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

With so much variability in rates, the best way to find out which company is cheapest is to compare rates from multiple companies. Every auto insurance company utilizes a different rate formula, and rates can be significantly different.

Tesla Model X Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Tesla Model X $516 $1,080 $390 $2,144
2023 Tesla Model X $494 $1,072 $398 $2,122
2022 Tesla Model X $478 $1,046 $416 $2,098
2021 Tesla Model X $462 $1,002 $430 $2,052
2020 Tesla Model X $436 $966 $442 $2,002
2019 Tesla Model X $420 $898 $452 $1,928
2018 Tesla Model X $402 $844 $456 $1,860
2017 Tesla Model X $386 $758 $460 $1,762
2016 Tesla Model X $360 $696 $460 $1,674

Rates are averaged for all Tesla Model X models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Cheaper Tesla Model X Insurance

Saving money on insurance for a Tesla Model X consists of being a good driver, having a good credit score, eliminating unnecessary coverage, and maximizing policy discounts. Comparison shop at every other renewal by obtaining price quotes from direct companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The following list is a condensed summary of the concepts that were covered above.

  • Drivers considered higher risk with multiple at-fault accidents could be forced to pay on average $2,080 more annually than a safer driver
  • Drivers age 16 to 20 are expensive to insure, with premiums as much as $539 per month if comprehensive and collision insurance is included
  • You may be able to save approximately $220 per year simply by shopping early and online
  • Increasing deductibles can save approximately $775 each year
  • You may be able to save approximately $220 per year simply by shopping early and online

Rates by Driver Age

Tesla Model X Insurance Rates by Driver Age
Driver Age Premium
16 $6,466
20 $4,090
30 $1,848
40 $1,762
50 $1,606
60 $1,578

Full coverage, $500 deductibles

Rates by Deductible

Tesla Model X Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,268
$250 $2,032
$500 $1,762
$1,000 $1,504

Full coverage, driver age 40

Rates by Liability Limit

Tesla Model X Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,762
50/100 $1,854
100/300 $1,969
250/500 $2,268
100 CSL $1,900
300 CSL $2,153
500 CSL $2,337

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Model X Insurance Rates for High Risk Drivers
Age Premium
16 $9,278
20 $6,520
30 $3,936
40 $3,840
50 $3,666
60 $3,636

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $254

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $96
Multi-vehicle $94
Homeowner $25
5-yr Accident Free $138
5-yr Claim Free $117
Paid in Full/EFT $86
Advance Quote $91
Online Quote $128
Total Discounts $775
Rate after discounts $987

Discounts are estimated and may not be available from every company or in every state.

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