Tesla Model X Insurance Rates
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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:
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.
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.
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
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.
| 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% |
| 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
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $2,268 |
| $250 | $2,032 |
| $500 | $1,762 |
| $1,000 | $1,504 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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