Tesla Model X Insurance Rates

U.S. average insurance rates for a Tesla Model X are $1,674 a year with full coverage. Comprehensive insurance costs on average $360 a year, collision insurance costs $696, and liability coverage costs $460. Buying just liability costs as little as $510 a year, and insurance for high-risk drivers costs $3,650 or more. 16-year-old drivers pay the highest rates at up to $6,190 a year.

Average premium for full coverage: $1,674

Price estimates by individual coverage:

These estimates include $500 policy deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and Model X trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a large influence on auto insurance rates. Rural areas have lower incidents of collision claims than congested cities. The diagram below illustrates the effect of geographic area on car insurance rates.

The ranges above demonstrate why it is important to compare rates based on a specific location, rather than using rate averages.

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

Rate Comparisons

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

• The best full coverage rate is $944
• Drivers who choose higher $1,000 deductibles will pay around $1,436 annually
• The estimated price for the average middle-age driver with $500 deductibles is $1,674
• Buying low $100 deductibles for comprehensive and collision insurance will cost an additional $470 each year
• High-risk insureds with multiple tickets or accidents could pay upwards of $3,650
• The price that insures a teenage driver may cost $6,190 a year

View Chart as Image

Insurance prices for a Tesla Model X are also quite variable based on the trim level of your Model X, your age and driving habits, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you may be forking out at a minimum $2,000 to $2,700 additional each year, depending on your age. A high-risk auto insurance policy can cost around 44% to 133% more than the average rate. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,600 per year on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay upwards of $6,100 a year. View Rates by Age

The state you live in makes a big difference in Tesla Model X insurance rates. A 40-year-old driver could pay as low as $1,210 a year in states like New Hampshire, Ohio, and Utah, or at least $2,260 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles could save up to $710 a year, while buying higher liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $414 more each year. View Rates by Deductible or Liability Limit

How to Find Cheap Tesla Model X Insurance

Getting lower rates on auto insurance not only requires being safe and accident-free, but also having a good credit score, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Comparison shop every couple of years by getting rate quotes from direct companies, and also from several local insurance agents.

Below you'll find a brief summary of the material that was covered in the above illustrations.

• Consumers who require more liability protection will pay around $510 every year to go from a low limit to the 250/500 level
• Youthful drivers pay higher prices, costing up to $516 a month if comprehensive and collision insurance is included
• Drivers that tend to have accidents or serious violations pay on average $1,980 more each year than a low-risk driver
• Increasing physical damage deductibles can save approximately $700 each year