Tesla Model X Insurance Rates

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

Average premium for full coverage: $1,762

Policy rates by type of insurance:

Estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and for all Model X models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on car insurance prices. Rural locations are shown to have a lower frequency of comprehensive and collision claims than densely populated cities.

The example below illustrates the difference location can make on auto insurance prices.

The examples above highlight why everyone should compare prices using their specific location and risk profile, rather than using average rates.

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

Rates by State, City, and Model

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

• The best discount rate is $987
• Using higher $1,000 deductibles will save $258 every year
• The average rate for a good driver age 40 who chooses $500 deductibles is $1,762
• Using pricier low deductibles for physical damage coverage will increase the cost to $2,268
• Higher-risk drivers who are prone to accidents and violations could pay around $3,840 or more
• Policy cost for full coverage for a teenage driver for full coverage can cost $6,466 or more

View Chart as Image

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

A more mature driver with no violations or accidents and high deductibles may only pay around $1,600 a year, or $133 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay in the ballpark of $6,400 a year. View Rates by Age

Your home state has a huge impact on Tesla Model X insurance rates. A driver around age 40 might see rates 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 cut rates by as much as $770 a year, whereas buying more liability protection will push rates upward. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $414 more each 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 anywhere from $2,100 to $2,900 additional every year, depending on your age. Tesla Model X insurance for high-risk drivers can be around 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 who has the best auto insurance rates is to regularly compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, and rates will be varied from one company to the next.

How to Find Low Cost Tesla Model X Insurance

Finding cheaper rates on auto insurance requires having a decent driving record, having a good credit history, paying for small claims out-of-pocket, and qualifying for all possible discounts. Make time to compare rates at every policy renewal by getting rate quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

The following items are a review of the data touched on in this article.

• Consumers who purchase additional liability coverage will pay an extra $510 per year to increase from a 30/60 limit to 250/500 limits
• You may be able to save around $220 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save around $775 each year
• 16 to 18-year-old drivers are the costliest to insure, with premiums being up to $539 each month including comprehensive and collision insurance