Tesla Model X Insurance Rates

Average insurance prices for a Tesla Model X are $1,674 every 12 months including full coverage. Comprehensive insurance costs approximately $360, collision insurance costs $696, and liability coverage is estimated at $460. A policy with just liability insurance costs approximately $510 a year, and coverage for high-risk drivers costs $3,650 or more. 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:

Rates are based on $500 comprehensive and collision deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 U.S. states and for different Model X trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a large influence on car insurance prices. Rural locations tend to have more infrequent comprehensive and collision claims than larger metro areas. The price range example below illustrates how location impacts auto insurance prices.

These examples highlight why anyone shopping for car insurance should get quotes using their specific location and their own driving history, rather than using price averages.

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

Additional Rate Details

The chart below breaks down 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 $238 every year
• The average price for a 40-year-old driver who chooses $500 deductibles is $1,674
• Choosing more expensive low deductibles for comp and collision coverage costs an extra $470 each year
• Drivers with multiple violations and an at-fault accident could pay around $3,650
• The cost to insure a teenage driver with full coverage can cost $6,190 each year

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Insurance rates for a Tesla Model X can also vary considerably based on policy deductibles and limits, your driving characteristics, and the model of your Model X.

Choosing high deductibles can save as much as $710 a year, while increasing your policy's liability limits will push rates upward. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles may only pay around $1,600 annually on average for full coverage. Rates are highest for teen drivers, since even excellent drivers should be prepared to pay in the ballpark of $6,100 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying anywhere from $2,000 to $2,700 additional per year, depending on your age. High-risk driver insurance ranges around 44% to 133% more than average. View High Risk Driver Rates

Where you live plays a big part in determining prices for Tesla Model X insurance rates. A good driver about age 40 could pay as low as $1,280 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,390 on average in Louisiana, New York, and Michigan.

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How to Shop for the Best Cheap Tesla Model X Insurance

Saving money on auto insurance takes avoiding accidents and violations, having above-average credit, not filing small claims, and consideration of higher deductibles. Spend time shopping around at every policy renewal by requesting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local car insurance providers.

The list below is a quick review of the data touched on above.

• Consumers who purchase higher liability limits will pay about $510 per year to raise limits from a minimum limit to a 250/500 level
• You may be able to save around $210 per year just by shopping early and online
• Increasing deductibles could save as much as $700 each year
• Teenagers are the costliest to insure, as much as $516 per month if full coverage is included