Tesla Model X Insurance Rates

The average auto insurance rates for a Tesla Model X are $1,674 annually with full coverage. Comprehensive insurance costs approximately $360 a year, collision insurance costs $696, and liability coverage costs $460. Buying just liability costs as little as $510 a year, and insurance for high-risk drivers costs $3,650 or more. Teens cost the most to insure at up to $6,190 a year.

Average premium for full coverage: $1,674

Policy rates by type of insurance:

Price estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and Model X trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on the price of insurance. Rural locations are shown to have fewer collision claims than cities with more traffic congestion. The diagram below illustrates how location impacts auto insurance prices.

The examples above demonstrate why it is important to compare rates using their specific location and their own personal driving habits, rather than using averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $944
• Drivers who choose higher $1,000 deductibles will pay $1,436 annually
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,674
• Selecting low $100 deductibles for comprehensive and collision insurance costs an additional $470 each year
• High-risk insureds with serious driving violations could pay around $3,650
• Policy cost with full coverage for a teenage driver can cost $6,190 a year

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Insurance rates for a Tesla Model X also range considerably based on the model year and trim level, your driving record, and physical damage deductibles and liability limits.

Older drivers with a clean driving record and high physical damage deductibles may only pay around $1,600 per year on average, or $133 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they can expect to pay in the ballpark of $6,100 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you may be forking out anywhere from $2,000 to $2,700 extra every year, depending on your age. A high-risk auto insurance policy can cost around 44% to 133% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could save up to $710 a year, while buying higher liability limits will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Tesla Model X insurance rates. A 40-year-old driver could pay as low as $1,210 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $2,260 on average in New York, Michigan, and Florida.

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How to Buy Cheaper Tesla Model X Insurance

Finding cheaper rates on auto insurance not only requires avoiding accidents and violations, but also having a good credit history, not filing small claims, and possibly raising deductibles. Spend time shopping around at every policy renewal by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The list below is a condensed summary of the data touched on above.

• Consumers who purchase higher liability limits will pay approximately $510 every year to go from a 30/60 limit to higher 250/500 limits
• You may be able to save around $210 per year just by quoting early and online
• Increasing comprehensive and collision deductibles could save up to $700 each year
• Teenagers are expensive to insure, as much as $516 each month including comprehensive and collision insurance