Tesla Model X Insurance Rates

Estimated insurance rates for a Tesla Model X are $1,674 a year for full coverage. Comprehensive costs approximately $360 a year, collision insurance costs $696, and liability coverage is estimated at $460. Liability-only insurance costs approximately $510 a year, and high-risk driver insurance costs around $3,650. Teenage drivers pay the most at up to $6,190 a year.

Average premium for full coverage: $1,674

Premium estimates by type of coverage:

Prices are based on $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes uninsured motorist and medical coverage. Rates include averaging for all states and Model X trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on car insurance rates. Rural locations are statistically proven to have lower incidents of accident claims than densely populated cities. The diagram below illustrates how where you live affects auto insurance prices.

These rate differences show why it is important to get quotes using their specific location, rather than using average rates.

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

Additional Rate Information

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

• The best discount rate is $944
• Choosing higher $1,000 deductibles can save $1,436 a year
• The estimated price for a 40-year-old good driver who chooses $500 deductibles is $1,674
• Using low $100 deductibles for comp and collision coverage bumps up the cost to $2,144
• Drivers who are prone to accidents and violations could pay around $3,650
• An auto insurance policy that insures a teenage driver can cost $6,190 each year

View Chart as Image

Insurance prices for a Tesla Model X also have a wide range based on the trim level of your Model X, how you drive, and physical damage deductibles and liability limits.

If you have a few violations or you caused an accident, you could be paying anywhere from $2,000 to $2,700 additional annually, depending on your age. A high-risk auto insurance policy ranges around 44% to 133% more than a normal policy. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,600 annually on average, or $133 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records should be prepared to pay in the ballpark of $6,100 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Tesla Model X insurance rates. A good driver about age 40 could pay as low as $1,100 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,390 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles can save as much as $710 a year, while buying higher liability limits will push prices upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $414 more each year. View Rates by Deductible or Liability Limit

How to Find Affordable Tesla Model X Insurance

Finding better rates on auto insurance takes avoiding accidents and violations, having a good credit score, not filing small claims, and consideration of higher deductibles. Compare prices every year by getting quotes from direct carriers, and also from insurance agencies where you live.

The list below is a brief review of the coverage data touched on in the above illustrations.

• Drivers can save around $210 per year just by quoting early and online
• Increasing policy deductibles can save approximately $700 each year
• Teenagers are the costliest to insure, as much as $516 per month if comprehensive and collision insurance is included
• Drivers with DUI or reckless driving convictions could be forced to pay on average $1,980 more per year for car insurance