Tesla Model X Insurance Rates

Estimated insurance prices for a Tesla Model X are $1,674 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $360, collision costs $696, and liability coverage is estimated at $460. Liability-only insurance costs approximately $510 a year, with high-risk driver insurance costing $3,650 or more. Teen drivers pay the most at $6,190 a year or more.

Average premium for full coverage: $1,674

Premium estimates broken down by type of coverage:

Rates are based on $500 physical damage deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all 50 states and for all Model X models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on the price of insurance. More rural locations are statistically proven to have more infrequent physical damage claims than larger metro areas.

The example below illustrates the effect of geographic area on insurance prices.

These rate differences illustrate why everyone should get 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.

Rates by State, City, and Model

The chart below illustrates estimated Tesla Model X insurance rates for other coverage scenarios.

• The lowest rate with discounts is $944
• Choosing higher $1,000 deductibles can save approximately $238 each year
• The average price for a 40-year-old good driver who has $500 deductibles is $1,674
• Choosing pricier low deductibles for comp and collision coverage costs an extra $470 each year
• Drivers with multiple violations and an at-fault accident could pay up to $3,650 or more
• An auto insurance policy to insure a teenage driver for full coverage can cost as much as $6,190 each year

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Insurance prices for a Tesla Model X also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the model year and trim level.

Choosing high deductibles can save as much as $710 a year, whereas buying more liability protection will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $414 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles may only pay around $1,600 annually on average, or $133 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers should be prepared to pay at least $6,100 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying $2,000 to $2,700 additional annually, depending on your age. Tesla Model X insurance for high-risk drivers ranges around 44% to 133% more than average. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Tesla Model X insurance rates. A good driver about age 40 could pay as low as $1,100 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $2,260 on average in Florida, New York, and Michigan.

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With such a large range in prices, the only way to figure out which insurance company is cheapest is to regularly compare prices and see how they stack up. Each auto insurer uses a different rate calculation, and prices will be substantially different.

How to Shop for the Best Cheap Tesla Model X Insurance

Finding better rates on auto insurance takes being a safe and courteous driver, having above-average credit, paying for small claims out-of-pocket, and maximizing policy discounts. Take the time to compare rates every time your policy renews by requesting quotes from direct insurance companies, and also from insurance agencies where you live.

Below is a quick review of the information covered in the above illustrations.

• It is possible to save approximately $210 per year simply by quoting online well ahead of the renewal date
• Teenage drivers are expensive to insure, with premiums being up to $516 per month if full coverage is included
• Increasing policy deductibles could save as much as $700 each year
• Drivers with a DUI or reckless driving violation could be forced to pay on average $1,980 more annually for auto insurance
• Consumers who want higher levels of liability will pay about $510 annually to raise limits from 30/60 bodily injury limits to a 250/500 level