Tesla Model X Insurance Rates

Average insurance rates for a Tesla Model X are $1,762 a year including full coverage. Comprehensive insurance costs approximately $386 a year, collision insurance costs $758, and liability insurance is $460. Liability-only coverage costs around $510 a year, and high-risk coverage costs $3,840 or more. Teens receive the highest rates at up to $6,466 a year.

Average premium for full coverage: $1,762

Rate estimates by individual coverage type:

Rates are based on $500 physical damage deductibles, 30/60 liability coverage, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and Model X trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on car insurance prices. Rural locations tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion. The diagram below illustrates how geographic area affects auto insurance prices.

These examples highlight why it is important to compare rates quotes using their specific location and risk profile, rather than relying on averaged prices.

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

Detailed Rate Analysis

The chart below breaks down average Tesla Model X insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $987
• Raising to $1,000 deductibles will save $1,504 every year
• The average rate for a 40-year-old driver who chooses $500 deductibles is $1,762
• Selecting low $100 deductibles will cost an extra $506 a year
• Higher-risk drivers with serious driving violations could pay around $3,840
• The cost for full coverage for a teen driver can cost $6,466

View Chart as Image

Car insurance rates for a Tesla Model X can also vary considerably based on your driver profile, the model of your Model X, and physical damage deductibles and liability limits.

Older drivers with no driving violations and high deductibles could pay as little as $1,600 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged in the ballpark of $6,400 a year. View Rates by Age

Where you live also has a big influence on Tesla Model X insurance rates. A middle-age driver might find rates as low as $1,350 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $2,510 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $770 each year, while buying higher liability limits will push rates upward. Changing from a 50/100 limit to a 250/500 limit will cost as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying anywhere from $2,100 to $2,900 extra per year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 45% to 133% more than the average policy. View High Risk Driver Rates

How to Find the Best Cheap Tesla Model X Insurance

Saving money on Tesla Model X insurance consists of being a safe and courteous driver, having above-average credit, not filing small claims, and attention to physical damage deductibles. Invest the time to compare rates every year by requesting quotes from direct car insurance companies like GEICO and Progressive, and also from insurance agencies where you live.

Below is a quick review of the coverage data presented in the illustrations above.

• You may be able to save around $220 per year just by quoting early and online
• Increasing deductibles can save around $775 each year
• Teenage drivers pay the highest auto insurance rates, as much as $539 per month if full coverage is included
• High-risk drivers with a DUI or reckless driving violation could be forced to pay on average $2,080 more per year for auto insurance