Tesla Model X Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Mar 30, 2024

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Average insurance prices for a Tesla Model X are $1,762 every 12 months with full coverage. Comprehensive costs an estimated $386 each year, collision insurance costs $758, and liability costs $460. Buying just liability costs as little as $510 a year, and insurance for high-risk drivers costs around $3,840. Teens receive the highest rates at up to $6,466 a year.

Average premium for full coverage: $1,762

Rate estimates broken down by individual coverage type:

Comprehensive $386
Collision $758
Liability $460

Rates are based on $500 policy deductibles, liability coverage up to 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all U.S. states and Model X models.

Price Range by Coverage and Risk

Using a middle-aged driver as an example, prices range range from the cheapest price of $510 for just liability insurance to a high rate of $3,840 for a high-risk driver policy.

Liability Only $510
Full Coverage $1,762
High Risk $3,840

Price Range by Location

Your location can make a big difference on car insurance rates. More rural locations tend to have more infrequent collision claims than cities with more traffic congestion. The graphic below illustrates how where you live affects insurance prices.

Rural Areas $1,322
Small Cities $1,850
Large Cities $2,379

These examples demonstrate why all drivers should compare rates for a targeted area and their own driving history, instead of making a decision based on averaged prices.

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.

More Rate Details

The chart below details average Tesla Model X insurance rates for other coverage scenarios.

  • The cheapest rate after discounts is $987
  • Drivers who choose higher $1,000 deductibles will pay approximately $258 annually
  • The average price for a 40-year-old driver who has $500 deductibles is $1,762
  • Selecting low deductibles for comprehensive and collision insurance increases the price to $2,268
  • Drivers with serious driving violations could pay up to $3,840
  • The cost to insure a 16-year-old driver can cost as much as $6,466 a year

View Chart as Image

Tesla Model X insurance cost comparison chart
Column chart showing Tesla Model X insurance rates range from $987 to $6,466 for full coverage

Auto insurance rates for a Tesla Model X can also vary considerably based on policy deductibles and limits, your driving record, and the model year and trim level.

Choosing higher comprehensive and collision insurance deductibles could save up to $770 annually, whereas increasing liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

More mature drivers with a good driving record and higher deductibles may pay as low as $1,600 per year on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers will have to pay at least $6,400 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out $2,100 to $2,900 in extra premium per year, depending on your age. Insurance for high-risk drivers can cost from 45% to 133% more than the average 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 $1,270 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $2,380 on average in New York, Michigan, and Florida.

Tesla Model X Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,592 -$170 -9.6%
Alaska $1,350 -$412 -23.4%
Arizona $1,462 -$300 -17.0%
Arkansas $1,762 -$0 0.0%
California $2,008 $246 14.0%
Colorado $1,684 -$78 -4.4%
Connecticut $1,810 $48 2.7%
Delaware $1,994 $232 13.2%
Florida $2,204 $442 25.1%
Georgia $1,626 -$136 -7.7%
Hawaii $1,264 -$498 -28.3%
Idaho $1,194 -$568 -32.2%
Illinois $1,312 -$450 -25.5%
Indiana $1,326 -$436 -24.7%
Iowa $1,188 -$574 -32.6%
Kansas $1,674 -$88 -5.0%
Kentucky $2,404 $642 36.4%
Louisiana $2,606 $844 47.9%
Maine $1,088 -$674 -38.3%
Maryland $1,454 -$308 -17.5%
Massachusetts $1,410 -$352 -20.0%
Michigan $3,060 $1,298 73.7%
Minnesota $1,474 -$288 -16.3%
Mississippi $2,110 $348 19.8%
Missouri $1,562 -$200 -11.4%
Montana $1,892 $130 7.4%
Nebraska $1,390 -$372 -21.1%
Nevada $2,112 $350 19.9%
New Hampshire $1,270 -$492 -27.9%
New Jersey $1,968 $206 11.7%
New Mexico $1,562 -$200 -11.4%
New York $1,856 $94 5.3%
North Carolina $1,014 -$748 -42.5%
North Dakota $1,442 -$320 -18.2%
Ohio $1,216 -$546 -31.0%
Oklahoma $1,810 $48 2.7%
Oregon $1,614 -$148 -8.4%
Pennsylvania $1,680 -$82 -4.7%
Rhode Island $2,350 $588 33.4%
South Carolina $1,596 -$166 -9.4%
South Dakota $1,488 -$274 -15.6%
Tennessee $1,544 -$218 -12.4%
Texas $2,122 $360 20.4%
Utah $1,304 -$458 -26.0%
Vermont $1,206 -$556 -31.6%
Virginia $1,056 -$706 -40.1%
Washington $1,362 -$400 -22.7%
West Virginia $1,614 -$148 -8.4%
Wisconsin $1,218 -$544 -30.9%
Wyoming $1,570 -$192 -10.9%

View Chart as Image

Tesla Model X insurance rates by U.S. city
Tesla Model X Insurance Rates by Model Year
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 the Best Cheap Tesla Model X Insurance

Saving money on insurance for a Tesla Model X not only requires avoiding accidents and claims, but also having a good credit score, eliminating unnecessary coverage, and consideration of higher deductibles. Take the time to comparison shop every time your policy renews by obtaining price quotes from direct companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The points below are a quick review of the information touched on in the above illustrations.

  • You may be able to save approximately $220 per year just by quoting online in advance
  • Drivers under the age of 20 are the costliest to insure, with premiums as much as $539 per month if comprehensive and collision insurance is included
  • Increasing deductibles could save as much as $775 each year
  • Drivers considered higher risk with a DUI or reckless driving violation may pay on average $2,080 more annually to insure a Tesla Model X
  • Insureds who want increased liability limits will pay approximately $510 every year to go from a minimum limit to a 250/500 level

Rates by Driver Age

Tesla Model X Insurance Rates by Driver Age
Driver Age Premium
16 $6,466
20 $4,090
30 $1,848
40 $1,762
50 $1,606
60 $1,578

Full coverage, $500 deductibles

Rates by Deductible

Tesla Model X Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,268
$250 $2,032
$500 $1,762
$1,000 $1,504

Full coverage, driver age 40

Rates by Liability Limit

Tesla Model X Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,762
50/100 $1,854
100/300 $1,969
250/500 $2,268
100 CSL $1,900
300 CSL $2,153
500 CSL $2,337

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Model X Insurance Rates for High Risk Drivers
Age Premium
16 $9,278
20 $6,520
30 $3,936
40 $3,840
50 $3,666
60 $3,636

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.

SR-22 Surcharge $254

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $96
Multi-vehicle $94
Homeowner $25
5-yr Accident Free $138
5-yr Claim Free $117
Paid in Full/EFT $86
Advance Quote $91
Online Quote $128
Total Discounts $775
Rate after discounts $987

Discounts are estimated and may not be available from every company or in every state.

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