Tesla Model X Insurance Rates

The average insurance prices for a Tesla Model X are $1,674 every 12 months for full coverage. Comprehensive insurance costs an estimated $360 each year, collision insurance costs $696, and liability coverage is $460. A liability-only policy costs around $510 a year, and high-risk insurance costs $3,650 or more. Teen drivers cost the most to insure at up to $6,190 a year.

Average premium for full coverage: $1,674

Policy rates broken down by type of insurance:

Full coverage includes $500 policy deductibles, liability coverage up to 30/60, 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

Choosing to live in a large city has a large influence on insurance rates. More rural locations are shown to have more infrequent accident claims than larger metro areas. The graphic below illustrates the effect of geographic area on insurance prices.

The examples above show why all drivers should compare rates quotes for a targeted area and their own driving history, rather than using price averages.

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 other coverage scenarios.

• The lowest rate with discounts is $944
• Raising to $1,000 deductibles will save approximately $238 a year
• The average price for a good driver age 40 who has $500 deductibles is $1,674
• Choosing low deductibles costs an extra $470 each year
• Unlucky drivers with multiple violations and an at-fault accident could pay up to $3,650
• Policy cost to insure a teenage driver can cost as much as $6,190

View Chart as Image

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

Choosing high deductibles can reduce rates by up to $710 a year, whereas increasing liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles may only pay around $1,600 every 12 months on average, or $133 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged at least $6,100 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying $2,000 to $2,700 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 44% to 133% more than average. View High Risk Driver Rates

Your home state also has a big influence on Tesla Model X insurance rates. A middle-age driver might find rates as low as $1,100 a year in states like Iowa, Maine, and Idaho, or as much as $2,390 on average in New York, Louisiana, and Michigan.

View Chart as Image

How to Shop for More Affordable Tesla Model X Insurance

Finding cheaper rates on auto insurance consists of avoiding accidents and claims, maintaining a good credit score, avoid buying unnecessary coverage, and possibly higher deductibles. Take the time to compare rates every time your policy renews by requesting quotes from direct carriers, and also from several local insurance agents.

The points below are a summary of the information covered in the above illustrations.

• Drivers can save approximately $210 per year just by quoting online in advance
• Drivers under the age of 20 have the highest car insurance rates, costing up to $516 each month if the policy includes full coverage
• Increasing comprehensive and collision deductibles could save as much as $700 each year
• Drivers who have multiple accidents or major violations pay on average $1,980 more annually to insure a Tesla Model X
• Consumers who want increased liability limits will pay about $510 each year to raise from a 30/60 limit to a 250/500 level