Tesla Model X Insurance Rates

U.S. average insurance rates for a Tesla Model X are $1,674 a year with full coverage. Comprehensive insurance costs around $360 each year, collision insurance costs $696, and liability insurance is $460. A policy with just liability insurance costs around $510 a year, and coverage for high-risk drivers costs $3,650 or more. Teenage drivers pay the highest rates at up to $6,190 a year.

Average premium for full coverage: $1,674

Price estimates for individual coverage:

Price estimates include $500 deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and Model X models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on insurance rates. Areas with sparse population have a lower frequency of collision claims than densely populated cities. The graphic below illustrates the effect of geographic area on auto insurance rates.

The ranges above demonstrate why all drivers should compare rates quotes for a specific zip code and risk profile, rather than relying on average rates.

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

Rate Comparisons

The chart below details average 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 annually
• The average rate for the average middle-age driver using $500 deductibles is $1,674
• Using low deductibles will cost an extra $470 a year
• Higher-risk drivers who are prone to accidents and violations could pay at least $3,650
• The price for full coverage for a teen driver can be $6,190

View Chart as Image

Insurance prices for a Tesla Model X are also quite variable based on your driving record, the trim level and model year, and deductibles and policy limits.

More mature drivers with a clean driving record and high deductibles could pay as little as $1,600 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay as much as $6,100 a year. View Rates by Age

The state you live in also has a big influence on Tesla Model X insurance rates. A middle-age driver might find prices as low as $1,210 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $2,260 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles can reduce prices by up to $710 each year, whereas increasing liability limits will increase prices. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $414 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out at least $2,000 to $2,700 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 44% to 133% more than a normal policy. View High Risk Driver Rates

How to Find Cheaper Tesla Model X Insurance

Getting lower rates on Tesla Model X insurance consists of not taking risks behind the wheel, maintaining good credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Take the time to compare rates every couple of years by quoting rates from direct companies like Progressive and GEICO, and also from local independent and exclusive agents.

The following is a condensed summary of the material that was covered in the above illustrations.

• Drivers who may need higher liability limits will pay an extra $510 every year to raise from a low limit to 250/500 limits
• Teens pay higher prices, costing up to $516 a month for full coverage
• High-risk drivers with multiple at-fault accidents pay an average of $1,980 more every year for Model X insurance
• Increasing physical damage deductibles can save around $700 each year