Tesla Model X Insurance Rates
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UPDATED: Mar 30, 2024
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Average insurance prices for a Tesla Model X are $1,860 every 12 months including full coverage. Comprehensive insurance costs around $402 a year, collision costs $844, and liability costs $456. Buying just liability costs as little as $508 a year, with insurance for high-risk drivers costing $4,072 or more. Teenage drivers receive the highest rates at $6,812 a year or more.
Average premium for full coverage: $1,860
Rate estimates for individual coverage type:
These estimates include $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and Model X trim levels.
Price Range by Coverage and Risk
For an average driver, prices range go from the cheapest price of $508 for liability-only coverage to a high of $4,072 for a high-risk driver policy.
Price Range by Location
Your location can make a big difference on the price of insurance. Areas with sparse population tend to have more infrequent comprehensive and collision claims than densely populated cities.
The diagram below illustrates the effect of geographic area on auto insurance rates.
These examples highlight why it is important to compare rates for a specific zip code and their own driving history, instead of making a decision based on average rates.
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 breaks down estimated Tesla Model X insurance rates for additional coverage choices and driver risks.
- The best discount rate is $1,032
- Drivers who choose higher $1,000 deductibles will pay about $1,580 every year
- The average price for a 40-year-old driver using $500 deductibles is $1,860
- Using low $100 deductibles for comprehensive and collision insurance costs an extra $556 annually
- Drivers who are prone to accidents and violations could pay at least $4,072 or more
- The cost to insure a 16-year-old driver can be $6,812 a year
Auto insurance rates for a Tesla Model X can also vary considerably based on policy deductibles and limits, your driving characteristics, and the trim level and model year.
Using high physical damage deductibles could save up to $840 annually, while buying higher liability limits will increase rates. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $411 extra every year. View Rates by Deductible or Liability Limit
Older drivers with a good driving record and higher deductibles may pay as low as $1,700 per year on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers will have to pay as much as $6,800 a year. View Rates by Age
If you like to drive fast or you were responsible for an accident, you are likely paying at least $2,200 to $3,000 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost from 44% to 132% more than a normal policy. View High Risk Driver Rates
Where you live makes a big difference in Tesla Model X insurance prices. A 40-year-old driver could pay as low as $1,430 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $2,660 on average in Michigan, New York, and Louisiana.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,684 | -$176 | -9.5% |
| Alaska | $1,428 | -$432 | -23.2% |
| Arizona | $1,546 | -$314 | -16.9% |
| Arkansas | $1,860 | -$0 | 0.0% |
| California | $2,122 | $262 | 14.1% |
| Colorado | $1,778 | -$82 | -4.4% |
| Connecticut | $1,914 | $54 | 2.9% |
| Delaware | $2,108 | $248 | 13.3% |
| Florida | $2,328 | $468 | 25.2% |
| Georgia | $1,718 | -$142 | -7.6% |
| Hawaii | $1,336 | -$524 | -28.2% |
| Idaho | $1,258 | -$602 | -32.4% |
| Illinois | $1,388 | -$472 | -25.4% |
| Indiana | $1,404 | -$456 | -24.5% |
| Iowa | $1,256 | -$604 | -32.5% |
| Kansas | $1,768 | -$92 | -4.9% |
| Kentucky | $2,538 | $678 | 36.5% |
| Louisiana | $2,756 | $896 | 48.2% |
| Maine | $1,150 | -$710 | -38.2% |
| Maryland | $1,536 | -$324 | -17.4% |
| Massachusetts | $1,490 | -$370 | -19.9% |
| Michigan | $3,234 | $1,374 | 73.9% |
| Minnesota | $1,558 | -$302 | -16.2% |
| Mississippi | $2,230 | $370 | 19.9% |
| Missouri | $1,652 | -$208 | -11.2% |
| Montana | $2,000 | $140 | 7.5% |
| Nebraska | $1,468 | -$392 | -21.1% |
| Nevada | $2,232 | $372 | 20.0% |
| New Hampshire | $1,340 | -$520 | -28.0% |
| New Jersey | $2,080 | $220 | 11.8% |
| New Mexico | $1,648 | -$212 | -11.4% |
| New York | $1,962 | $102 | 5.5% |
| North Carolina | $1,072 | -$788 | -42.4% |
| North Dakota | $1,524 | -$336 | -18.1% |
| Ohio | $1,286 | -$574 | -30.9% |
| Oklahoma | $1,910 | $50 | 2.7% |
| Oregon | $1,704 | -$156 | -8.4% |
| Pennsylvania | $1,776 | -$84 | -4.5% |
| Rhode Island | $2,482 | $622 | 33.4% |
| South Carolina | $1,686 | -$174 | -9.4% |
| South Dakota | $1,570 | -$290 | -15.6% |
| Tennessee | $1,630 | -$230 | -12.4% |
| Texas | $2,242 | $382 | 20.5% |
| Utah | $1,380 | -$480 | -25.8% |
| Vermont | $1,274 | -$586 | -31.5% |
| Virginia | $1,116 | -$744 | -40.0% |
| Washington | $1,438 | -$422 | -22.7% |
| West Virginia | $1,704 | -$156 | -8.4% |
| Wisconsin | $1,288 | -$572 | -30.8% |
| Wyoming | $1,658 | -$202 | -10.9% |
With so much variability in rates, the best way to figure out your exact price is to get quotes from multiple companies. Every company uses a different method to calculate rates, and quoted rates can be significantly different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Tesla Model X | $540 | $1,124 | $372 | $2,194 |
| 2023 Tesla Model X | $516 | $1,080 | $390 | $2,144 |
| 2022 Tesla Model X | $494 | $1,072 | $398 | $2,122 |
| 2021 Tesla Model X | $478 | $1,046 | $416 | $2,098 |
| 2020 Tesla Model X | $462 | $1,002 | $430 | $2,052 |
| 2019 Tesla Model X | $436 | $966 | $442 | $2,002 |
| 2018 Tesla Model X | $420 | $898 | $452 | $1,928 |
| 2017 Tesla Model X | $402 | $844 | $456 | $1,860 |
| 2016 Tesla Model X | $386 | $758 | $460 | $1,762 |
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 Shop for Cheap Tesla Model X Insurance
Saving money on insurance for a Tesla Model X not only requires avoiding accidents and violations, but also having a good credit score, not filing small claims, and maximizing policy discounts. Take the time to compare rates every time your policy renews by requesting rates from direct car insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.
The list below is a brief summary of the information covered in the above illustrations.
- You may be able to save up to $230 per year simply by quoting early and online
- Teenagers are expensive to insure, as much as $568 per month if comprehensive and collision insurance is included
- Increasing deductibles could save as much as $825 each year
- Drivers considered higher risk that tend to have accidents or serious violations could be forced to pay on average $2,210 more every year for car insurance
- Insureds who may need higher liability limits will pay an extra $500 per year to go from a minimum limit to a 250/500 level
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,812 |
| 20 | $4,342 |
| 30 | $1,956 |
| 40 | $1,860 |
| 50 | $1,696 |
| 60 | $1,668 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,416 |
| $250 | $2,156 |
| $500 | $1,860 |
| $1,000 | $1,580 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,860 |
| 50/100 | $1,951 |
| 100/300 | $2,065 |
| 250/500 | $2,362 |
| 100 CSL | $1,997 |
| 300 CSL | $2,248 |
| 500 CSL | $2,430 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $9,792 |
| 20 | $6,932 |
| 30 | $4,178 |
| 40 | $4,072 |
| 50 | $3,886 |
| 60 | $3,856 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $102 |
| Multi-vehicle | $100 |
| Homeowner | $26 |
| 5-yr Accident Free | $149 |
| 5-yr Claim Free | $124 |
| Paid in Full/EFT | $93 |
| Advance Quote | $98 |
| Online Quote | $136 |
| Total Discounts | $828 |
Discounts are estimated and may not be available from every company or in every state.
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