Tesla Model X Insurance Rates

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

Average premium for full coverage: $1,674

Premium estimates for type of coverage:

These estimates include $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 U.S. states and for different Model X trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a large influence on the price of insurance. Areas with sparse population are statistically proven to have more infrequent comprehensive and collision claims than densely populated cities.

The price range example below illustrates how where you live affects auto insurance rates.

These rate differences highlight why anyone shopping for car insurance should compare rates quotes for a specific zip code and their own driving history, rather than using average rates.

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

Additional Rate Analysis

The chart below breaks down estimated Tesla Model X insurance rates for additional coverage choices and driver risks.

• The best discount rate is $944
• Raising to $1,000 deductibles will save about $238 every year
• The average price for a 40-year-old good driver using $500 deductibles is $1,674
• Using more expensive low deductibles increases the price to $2,144
• Unlucky drivers who are prone to accidents and violations could pay at least $3,650 or more
• An auto insurance policy to insure a teenage driver with full coverage can be $6,190

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Car insurance prices for a Tesla Model X also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the trim level and model year.

Using high physical damage deductibles can reduce prices by up to $710 a year, while increasing your policy's liability limits will increase prices. Changing from a 50/100 liability limit to a 250/500 limit will cost up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver 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. Prices are much higher for drivers in their teens, since even excellent drivers will be charged as much as $6,100 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are likely paying at least $2,000 to $2,700 extra annually, depending on your age. High-risk driver insurance is expensive and can cost around 44% to 133% more than a normal policy. View High Risk Driver Rates

Where you choose to live also has a big influence on Tesla Model X insurance rates. A middle-age driver might find prices as low as $1,280 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $2,390 on average in Michigan, New York, and Louisiana.

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With such a large range in prices, the best way to figure out your exact price is to compare prices and see how they stack up. Every auto insurance company uses a different method to calculate prices, so rate quotes will be substantially different.

How to Shop for Cheap Tesla Model X Insurance

Finding better rates on auto insurance consists of being a low-risk driver, maintaining a good credit score, refrain from filing small claims, and qualifying for all possible discounts. Take the time to comparison shop every time your policy renews by requesting quotes from direct car insurance companies, and also from insurance agencies where you live.

The items below are a brief summary of the information touched on in the above illustrations.

• You may be able to save up to $210 per year simply by shopping early and online
• Teen drivers are the costliest to insure, with the cost nearing $516 per month if the policy includes full coverage
• Increasing policy deductibles could save as much as $700 each year
• Drivers that tend to have accidents or serious violations could be forced to pay on average $1,980 more every year to insure their Model X
• Consumers who may need more liability coverage will pay an extra $510 per year to raise from 30/60 bodily injury limits to a 250/500 level