Tesla Model X Insurance Rates

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

Average premium for full coverage: $1,674

Policy rates for type of insurance:

Estimates include $500 policy deductibles, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and Model X models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on auto insurance rates. Areas with sparse population are shown to have lower incidents of accident claims than cities with more traffic congestion. The graphic below illustrates how location impacts auto insurance rates.

The examples above show why all drivers should compare prices for a specific zip code, rather than relying on averaged prices.

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

Additional Rate Details

The chart below shows average Tesla Model X insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $944
• Using higher $1,000 deductibles will save about $238 a year
• The estimated price for a good driver age 40 using $500 deductibles is $1,674
• Selecting low deductibles for physical damage coverage bumps up the cost to $2,144
• Drivers with serious driving violations could pay at least $3,650
• Policy cost that insures a teen driver can be $6,190 or more

View Chart as Image

Insurance rates for a Tesla Model X also range considerably based on the trim level and model year, how you drive, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you could be paying at least $2,000 to $2,700 extra every year, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 133% more than the average policy. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,600 a year, or $133 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay as much as $6,100 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 $1,100 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,390 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $710 each year, whereas increasing liability limits will increase rates. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

How to Find Low Cost Tesla Model X Insurance

Finding cheaper rates on Tesla Model X insurance requires being safe and accident-free, having above-average credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Compare rates every year by quoting rates from direct carriers, and also from several local insurance agents.

Below you'll find a review of the coverage data touched on above.

• Drivers can save up to $210 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save approximately $700 each year
• Youthful drivers pay higher rates, costing up to $516 each month if full coverage is included
• High-risk drivers who have several accidents or serious violations pay on average $1,980 more every year than a low-risk driver