Tesla Model X Insurance Rates

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UPDATED: Mar 30, 2024

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The average insurance prices for a Tesla Model X are $1,762 every 12 months for full coverage insurance. Comprehensive costs approximately $386 each year, collision insurance costs $758, and liability insurance costs around $460. Liability-only insurance costs as low as $510 a year, and high-risk driver insurance costs around $3,840. Teens cost the most to insure at up to $6,466 a year.

Average premium for full coverage: $1,762

Policy rates by type of insurance:

Comprehensive $386
Collision $758
Liability $460

Price estimates include $500 physical damage insurance deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and Model X models.

Price Range Variability

Using a middle-aged driver as an example, Tesla Model X insurance rates range from the cheapest price of $510 for your basic liability-only policy to a high rate of $3,840 for a driver required to buy high-risk insurance.

Liability Only $510
Full Coverage $1,762
High Risk $3,840

Urban vs. Rural Price Range

Where you live has a significant impact on the price of auto insurance. Rural locations are shown to have more infrequent physical damage claims than cities with more traffic congestion. The graphic below illustrates how where you live affects auto insurance prices.

Rural Areas $1,322
Small Cities $1,850
Large Cities $2,379

The examples above illustrate why all drivers should compare prices using their specific location and their own driving history, rather than relying on averaged prices.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

More Rate Information

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

  • The cheapest rate after discounts is $987
  • Using higher $1,000 deductibles will save $258 each year
  • The average price for a good driver age 40 who chooses $500 deductibles is $1,762
  • Selecting low deductibles for physical damage coverage increases the price to $2,268
  • Drivers with serious driving violations could pay around $3,840
  • Policy cost to insure a teen driver can cost $6,466 or more

View Chart as Image

Tesla Model X insurance cost comparison chart
Column chart showing Tesla Model X insurance rates range from $987 to $6,466 for full coverage

Auto insurance rates for a Tesla Model X also range considerably based on liability limits and deductibles, your risk profile, and the model of your Model X.

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $770 each year, whereas increasing liability limits will push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 extra every year. View Rates by Deductible or Liability Limit

More mature drivers with a good driving record and higher deductibles could pay as little as $1,600 a year, or $133 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have to pay in the ballpark of $6,400 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying anywhere from $2,100 to $2,900 in extra premium every year, depending on your age. Insurance for high-risk drivers can be anywhere from 45% to 133% more than the average policy. View High Risk Driver Rates

Your home state has a huge impact on Tesla Model X insurance rates. A driver around age 40 might see rates as low as $1,150 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $2,380 on average in Florida, New York, and Michigan.

Tesla Model X Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,592 -$170 -9.6%
Alaska $1,350 -$412 -23.4%
Arizona $1,462 -$300 -17.0%
Arkansas $1,762 -$0 0.0%
California $2,008 $246 14.0%
Colorado $1,684 -$78 -4.4%
Connecticut $1,810 $48 2.7%
Delaware $1,994 $232 13.2%
Florida $2,204 $442 25.1%
Georgia $1,626 -$136 -7.7%
Hawaii $1,264 -$498 -28.3%
Idaho $1,194 -$568 -32.2%
Illinois $1,312 -$450 -25.5%
Indiana $1,326 -$436 -24.7%
Iowa $1,188 -$574 -32.6%
Kansas $1,674 -$88 -5.0%
Kentucky $2,404 $642 36.4%
Louisiana $2,606 $844 47.9%
Maine $1,088 -$674 -38.3%
Maryland $1,454 -$308 -17.5%
Massachusetts $1,410 -$352 -20.0%
Michigan $3,060 $1,298 73.7%
Minnesota $1,474 -$288 -16.3%
Mississippi $2,110 $348 19.8%
Missouri $1,562 -$200 -11.4%
Montana $1,892 $130 7.4%
Nebraska $1,390 -$372 -21.1%
Nevada $2,112 $350 19.9%
New Hampshire $1,270 -$492 -27.9%
New Jersey $1,968 $206 11.7%
New Mexico $1,562 -$200 -11.4%
New York $1,856 $94 5.3%
North Carolina $1,014 -$748 -42.5%
North Dakota $1,442 -$320 -18.2%
Ohio $1,216 -$546 -31.0%
Oklahoma $1,810 $48 2.7%
Oregon $1,614 -$148 -8.4%
Pennsylvania $1,680 -$82 -4.7%
Rhode Island $2,350 $588 33.4%
South Carolina $1,596 -$166 -9.4%
South Dakota $1,488 -$274 -15.6%
Tennessee $1,544 -$218 -12.4%
Texas $2,122 $360 20.4%
Utah $1,304 -$458 -26.0%
Vermont $1,206 -$556 -31.6%
Virginia $1,056 -$706 -40.1%
Washington $1,362 -$400 -22.7%
West Virginia $1,614 -$148 -8.4%
Wisconsin $1,218 -$544 -30.9%
Wyoming $1,570 -$192 -10.9%

View Chart as Image

Tesla Model X insurance rates by U.S. city
Tesla Model X Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Tesla Model X $516 $1,080 $390 $2,144
2023 Tesla Model X $494 $1,072 $398 $2,122
2022 Tesla Model X $478 $1,046 $416 $2,098
2021 Tesla Model X $462 $1,002 $430 $2,052
2020 Tesla Model X $436 $966 $442 $2,002
2019 Tesla Model X $420 $898 $452 $1,928
2018 Tesla Model X $402 $844 $456 $1,860
2017 Tesla Model X $386 $758 $460 $1,762
2016 Tesla Model X $360 $696 $460 $1,674

Rates are averaged for all Tesla Model X models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Shop for Cheaper Tesla Model X Insurance

Finding cheaper rates on Tesla Model X insurance requires being a low-risk driver, having a good credit score, being claim-free, and possibly higher deductibles. Take the time to comparison shop at every policy renewal by requesting quotes from direct insurance companies, and also from local insurance agencies.

The items below are a condensed summary of the data touched on in the above illustrations.

  • Drivers who purchase more liability coverage will pay approximately $510 annually to increase from a 30/60 limit to a 250/500 level
  • It is possible to save around $220 per year just by quoting online in advance
  • Increasing comprehensive and collision deductibles could save as much as $775 each year
  • Teen drivers have the highest car insurance rates, possibly costing $539 each month if comprehensive and collision insurance is included

Rates by Driver Age

Tesla Model X Insurance Rates by Driver Age
Driver Age Premium
16 $6,466
20 $4,090
30 $1,848
40 $1,762
50 $1,606
60 $1,578

Full coverage, $500 deductibles

Rates by Deductible

Tesla Model X Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,268
$250 $2,032
$500 $1,762
$1,000 $1,504

Full coverage, driver age 40

Rates by Liability Limit

Tesla Model X Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,762
50/100 $1,854
100/300 $1,969
250/500 $2,268
100 CSL $1,900
300 CSL $2,153
500 CSL $2,337

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Model X Insurance Rates for High Risk Drivers
Age Premium
16 $9,278
20 $6,520
30 $3,936
40 $3,840
50 $3,666
60 $3,636

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $254

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $96
Multi-vehicle $94
Homeowner $25
5-yr Accident Free $138
5-yr Claim Free $117
Paid in Full/EFT $86
Advance Quote $91
Online Quote $128
Total Discounts $775
Rate after discounts $987

Discounts are estimated and may not be available from every company or in every state.

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