Tesla Model X Insurance Rates

Average insurance rates for a Tesla Model X are $1,674 a year including full coverage. Comprehensive costs around $360 a year, collision insurance costs $696, and liability 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 for individual coverage type:

Price estimates include $500 policy deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 U.S. states and Model X trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can have significant affects on the price of insurance. Areas with sparse population tend to have lower incidents of comprehensive and collision claims than larger metro areas. The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

These examples highlight why it is important to compare prices for a specific zip code, instead of using price averages.

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

More Rate Information

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

• The lowest rate with discounts is $944
• Using higher $1,000 deductibles will save about $1,436 every year
• The estimated price for a 40-year-old driver using $500 deductibles is $1,674
• Choosing low $100 deductibles for physical damage coverage bumps up the cost to $2,144
• Drivers with multiple violations and an at-fault accident could pay at least $3,650
• The cost that insures a teen driver can be $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 driving record and age, and deductibles and policy limits.

If you like to drive fast or you caused an accident, you are likely paying at least $2,000 to $2,700 additional per year, depending on your age. A high-risk auto insurance policy can be as much as 44% to 133% more than average. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,600 a year for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records should be prepared to pay as much as $6,100 a year. View Rates by Age

Where you live has a huge impact on Tesla Model X insurance prices. A driver around age 40 might see rates as low as $1,280 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,390 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing high deductibles could cut rates by as much as $710 every year, while buying higher liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

How to Find Cheaper Tesla Model X Insurance

Saving money on car insurance requires avoiding accidents and claims, having a good credit score, not filing small claims, and deciding if full coverage is necessary. Shop around at every policy renewal by quoting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The points below are a condensed summary of the data covered above.

• Policyholders who may need increased liability limits will pay about $510 per year to increase from a minimum limit to the 250/500 level
• You may be able to save up to $210 per year just by quoting early and online
• Increasing deductibles can save approximately $700 each year
• Drivers under the age of 20 are charged the highest rates, as much as $516 per month if comprehensive and collision insurance is included