Tesla Model X Insurance Rates

Estimated auto insurance rates for a Tesla Model X are $1,674 annually for full coverage. Comprehensive costs around $360 a year, collision insurance costs $696, and liability insurance costs around $460. Liability-only insurance costs as low as $510 a year, and high-risk driver insurance costs around $3,650. 16-year-old drivers pay the most at up to $6,190 a year.

Average premium for full coverage: $1,674

Premium estimates for type of coverage:

Prices include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all states and Model X trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a significant impact on auto insurance rates. Areas with sparse population are statistically proven to have fewer accident claims than congested cities. The diagram below illustrates how location impacts auto insurance rates.

These rate differences show why it is important to compare prices for a specific zip code and their own personal driving habits, rather than relying on rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $944
• Using higher $1,000 deductibles will save about $1,436 a year
• The estimated rate for a 40-year-old good driver using $500 deductibles is $1,674
• Buying low $100 deductibles for physical damage coverage will cost $2,144
• Drivers with multiple tickets or accidents could pay at least $3,650
• An auto insurance policy with full coverage for a teen driver can be $6,190 or more

View Chart as Image

Insurance prices for a Tesla Model X also have a wide range based on the model of your Model X, your driver profile, and deductibles and policy limits.

Older drivers with no violations or accidents and high physical damage deductibles could pay as little as $1,600 a year, or $133 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they should be prepared to pay as much as $6,100 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying at least $2,000 to $2,700 additional annually, depending on your age. A high-risk auto insurance policy can be anywhere from 44% to 133% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut prices by as much as $710 each year, while buying higher liability limits will increase prices. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $414 more each year. View Rates by Deductible or Liability Limit

Where you choose to live has a huge impact on Tesla Model X insurance rates. A driver around age 40 might see prices as low as $1,100 a year in states like Idaho, Maine, and Iowa, or at least $2,390 on average in Michigan, Louisiana, and New York.

View Chart as Image

How to Buy the Right Tesla Model X Insurance

Finding better rates on Tesla Model X insurance requires avoiding accidents and violations, having good credit, not filing small claims, and deciding if full coverage is necessary. Spend time shopping around at every policy renewal by quoting rates from direct carriers, and also from local independent and exclusive agents.

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

• Drivers who may need higher liability limits will pay around $510 each year to increase from 30/60 bodily injury limits to higher 250/500 limits
• Drivers can save up to $210 per year just by quoting early and online
• Increasing policy deductibles could save up to $700 each year
• Teenagers are charged the highest prices, as much as $516 per month if they have full coverage