Tesla Model X Insurance Rates

The average insurance rates for a Tesla Model X are $1,762 a year including full coverage. Comprehensive insurance costs an estimated $386 a year, collision costs $758, and liability costs $460. Liability-only insurance costs as little as $510 a year, with high-risk driver insurance costing $3,840 or more. Teenage drivers cost the most to insure at $6,466 a year or more.

Average premium for full coverage: $1,762

Policy rates broken down by type of insurance:

These estimates include $500 policy deductibles, liability coverage up to 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 U.S. states and Model X trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on the price of auto insurance. More rural locations are shown to have a lower frequency of comprehensive and collision claims than densely populated cities.

The diagram below illustrates how geographic area affects insurance prices.

The examples above highlight why it is important to compare rates for a targeted area and risk profile, instead of making a decision based on average rates.

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

Additional Rate Information

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

• The best discount rate is $987
• Drivers who choose higher $1,000 deductibles will pay approximately $1,504 every year
• The average rate for a good driver age 40 who has $500 deductibles is $1,762
• Using low $100 deductibles for comprehensive and collision insurance will cost an extra $506 annually
• Drivers who are prone to accidents and violations could pay up to $3,840 or more
• Policy cost for full coverage for a 16-year-old driver can cost as much as $6,466 a year

View Chart as Image

Auto insurance rates for a Tesla Model X also range considerably based on your risk profile, the model of your Model X, and liability limits and deductibles.

Older drivers with a good driving record and high deductibles may pay as low as $1,600 per year on average, or $133 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay at least $6,400 a year. View Rates by Age

Your home state makes a big difference in Tesla Model X insurance prices. A 40-year-old driver could pay as low as $1,350 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $2,510 on average in Louisiana, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles could save up to $770 annually, while buying higher liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $414 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying $2,100 to $2,900 in extra premium every year, depending on your age. A high-risk auto insurance policy can cost from 45% to 133% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to get quotes from multiple companies. Every company uses a different method to calculate rates, and quoted rates will be varied from one company to the next.

How to Find Cheap Tesla Model X Insurance

Finding cheaper rates on insurance for a Tesla Model X not only requires being a good driver, but also having good credit, paying for small claims out-of-pocket, and qualifying for all possible discounts. Invest the time to compare rates every time your policy renews by getting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The following list is a brief summary of the information presented in the illustrations above.

• You may be able to save approximately $220 per year simply by quoting early and online
• Drivers age 16 to 20 are the costliest to insure, with premiums being up to $539 each month if they have full coverage
• Increasing comprehensive and collision deductibles can save around $775 each year
• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $2,080 more annually than a safer driver
• Insureds who want an increased level of liability coverage will pay an extra $510 per year to go from a 30/60 limit to 250/500 limits