Tesla Model X Insurance Rates

Average insurance rates for a Tesla Model X are $1,674 a year with full coverage. Comprehensive insurance costs around $360 each year, collision insurance costs $696, and liability costs around $460. Liability-only coverage costs as low as $510 a year, and high-risk coverage costs $3,650 or more. Teenage drivers receive the highest rates at up to $6,190 a year.

Average premium for full coverage: $1,674

Rate estimates for individual coverage type:

Price estimates include $500 policy deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all U.S. states and Model X models.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on insurance rates. Areas with sparse population tend to have a lower frequency of collision claims than densely populated cities. The graphic below illustrates how your location can change auto insurance rates.

These examples demonstrate why all drivers should compare prices for a specific zip code and risk profile, instead of making a decision based on average rates.

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 choices and driver risks.

• The best discount rate is $944
• Using higher $1,000 deductibles will save about $238 annually
• The average rate for a 40-year-old driver using $500 deductibles is $1,674
• Using low deductibles for physical damage coverage will cost an extra $470 annually
• High-risk insureds who are prone to accidents and violations could pay at least $3,650
• The cost for full coverage for a 16-year-old driver can be $6,190 or more

View Chart as Image

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

More mature drivers with no driving violations and high deductibles may pay as low as $1,600 a year for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged as much as $6,100 a year. View Rates by Age

Where you live has a huge impact on Tesla Model X insurance prices. A driver around age 40 might see rates as low as $1,210 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $2,260 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $710 annually, whereas increasing liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will cost as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out at least $2,000 to $2,700 extra per year, depending on your age. Insurance for high-risk drivers can be from 44% to 133% more than a normal policy. View High Risk Driver Rates

How to Find Cheaper Tesla Model X Insurance

Saving money on insurance for a Tesla Model X requires avoiding accidents and claims, having above-average credit, eliminating unnecessary coverage, and consideration of higher deductibles. Invest the time to shop around at every policy renewal by obtaining price quotes from direct companies like GEICO and Progressive, and also from local independent and exclusive agents.

The points below are a condensed summary of the data illustrated above.

• Insureds who may need increased liability limits will pay an extra $510 every year to increase from a minimum limit to 250/500 limits
• You may be able to save up to $210 per year just by quoting online in advance
• Increasing deductibles can save around $700 each year
• Drivers under the age of 20 are the costliest to insure, with premiums as much as $516 per month if full coverage is included