Tesla Model X Insurance Rates

Average auto insurance rates for a Tesla Model X are $1,674 annually for full coverage insurance. Comprehensive costs approximately $360 a year, collision insurance costs $696, and liability is estimated at $460. Buying just liability costs approximately $510 a year, and insurance 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 physical damage deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 states and Model X trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. Rural locations tend to have fewer physical damage claims than larger metro areas. The diagram below illustrates the effect of geographic area on auto insurance prices.

These examples illustrate why it is important to get quotes using their specific location and their own personal driving habits, instead of using price averages.

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

Additional Rate Information

The chart below illustrates average Tesla Model X insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $944
• Choosing higher $1,000 deductibles can save $1,436 each year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,674
• Choosing low $100 deductibles for comp and collision coverage will cost $2,144
• Unlucky drivers with multiple violations and an at-fault accident could pay around $3,650
• The cost with full coverage for a teen driver can cost $6,190 each year

View Chart as Image

Auto insurance rates for a Tesla Model X can also vary considerably based on the trim level of your Model X, your risk profile, and physical damage deductibles and liability limits.

Older drivers with a good driving record and high physical damage deductibles may pay as little as $1,600 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay in the ballpark 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 anywhere from $2,000 to $2,700 in extra premium per year, depending on your age. A high-risk auto insurance policy ranges as much as 44% to 133% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $710 every year, while buying higher liability limits will push rates upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

Where you live plays a big part in determining prices for Tesla Model X insurance prices. 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.

View Chart as Image

How to Buy Cheaper Tesla Model X Insurance

Saving money on car insurance takes being a safe and courteous driver, having above-average credit, avoid buying unnecessary coverage, and possibly higher deductibles. Take the time to compare rates at every policy renewal by obtaining price quotes from direct insurance companies like Progressive and GEICO, and also from insurance agencies where you live.

Below is a condensed summary of the data covered in the above illustrations.

• Policyholders who purchase higher levels of liability will pay about $510 annually to raise limits from a minimum limit to higher 250/500 limits
• It is possible to save around $210 per year just by quoting early and online
• Increasing deductibles could save up to $700 each year
• Teenage drivers have the highest car insurance rates, costing up to $516 per month if full coverage is included