Tesla Model X Insurance Rates

Average auto insurance rates for a Tesla Model X are $1,674 annually for full coverage insurance. Comprehensive costs on average $360 each year, collision insurance costs $696, and liability insurance costs around $460. A policy with just liability insurance costs as low as $510 a year, and coverage for high-risk drivers costs around $3,650. Teen drivers receive the highest rates at up to $6,190 a year.

Average premium for full coverage: $1,674

Rate estimates by individual coverage type:

Price estimates include $500 deductible amounts, minimum liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and Model X models.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a significant impact on insurance rates. Rural areas tend to have fewer physical damage claims than larger metro areas. The graphic below illustrates how rural and urban location affects car insurance rates.

These examples illustrate why all drivers should compare prices based on a specific location and their own personal driving habits, rather than relying on price averages.

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

Detailed Rate Analysis

The chart below illustrates average Tesla Model X insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $944
• Using higher $1,000 deductibles will save around $238 each year
• The estimated rate for a 40-year-old driver with $500 deductibles is $1,674
• Choosing low deductibles for physical damage coverage will cost $2,144
• Drivers with multiple violations and an at-fault accident could pay upwards of $3,650
• The cost with full coverage for a teen driver may cost $6,190 or more

View Chart as Image

Insurance rates for a Tesla Model X can also vary considerably based on the trim level of your Model X, your risk profile, and policy deductibles and limits.

More mature drivers with no violations or accidents and high physical damage deductibles could pay as little as $1,600 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they should be prepared to pay upwards of $6,100 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are probably paying at a minimum $2,000 to $2,700 additional per year, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 133% more than average. View High Risk Driver Rates

Choosing high deductibles could cut rates by as much as $710 each year, whereas increasing liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

Where you live 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 Vermont, Wisconsin, and North Carolina, or as much as $2,260 on average in Michigan, New York, and Florida.

View Chart as Image

How to Buy Cheaper Tesla Model X Insurance

Saving money on Tesla Model X insurance requires having a good driving record, having good credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Set aside time to shop around every couple of years by quoting rates from direct insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

The next list is a condensed summary of the material that was raised in the charts and tables above.

• Drivers who require increased levels of liability coverage will pay about $510 annually to increase from a minimum limit to higher 250/500 limits
• Drivers age 20 and younger pay higher rates, costing up to $516 per month if they have full coverage
• High-risk drivers with multiple at-fault accidents may pay on average $1,980 more each year to buy Tesla Model X insurance
• Increasing deductibles could save up to $700 each year