Tesla Model X Insurance Rates

Average insurance rates for a Tesla Model X are $1,674 a year for full coverage insurance. Comprehensive insurance costs around $360 each year, collision insurance costs $696, and liability costs $460. Buying just liability costs as little as $510 a year, and insurance for high-risk drivers costs $3,650 or more. Teenage 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:

Estimates include $500 deductible amounts, bodily injury liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 states and Model X models.

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on car insurance rates. Areas with sparse population tend to have a lower frequency of physical damage claims than densely populated cities. The graphic below illustrates how your location can change auto insurance rates.

These examples illustrate why all drivers should compare rates for a specific zip code and risk profile, instead of using average rates.

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

Additional Rate Analysis

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

• The best discount rate is $944
• Drivers who choose higher $1,000 deductibles will pay about $238 each year
• The average rate for a 40-year-old driver using $500 deductibles is $1,674
• Using low deductibles for comprehensive and collision insurance will cost an extra $470 every year
• Higher-risk drivers who are prone to accidents and violations could pay at least $3,650
• The cost for full coverage for a teen driver can be $6,190 a year

View Chart as Image

Auto insurance rates for a Tesla Model X can also vary considerably based on your driver profile, the model year and trim level, and deductibles and policy limits.

More mature drivers with a good driving record and high deductibles may pay as little as $1,600 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay as much as $6,100 a year. View Rates by Age

Where you live makes a big difference in Tesla Model X insurance prices. A 40-year-old driver could pay as low as $1,100 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $2,260 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles could save up to $710 every year, whereas increasing liability limits will increase rates. Switching from a 50/100 limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying at least $2,000 to $2,700 in extra premium per year, depending on your age. Insurance for high-risk drivers can cost as much as 44% to 133% more than a normal policy. View High Risk Driver Rates

How to Find Low Cost Tesla Model X Insurance

Saving money on car insurance not only requires having a good driving record, but also having good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to shop around every other policy renewal by getting quotes from direct insurance companies like GEICO and Progressive, and also from local exclusive and independent agents.

The next list is a review of the ideas that were illustrated above.

• Drivers age 20 and younger are expensive to insure, costing up to $516 per month if they have full coverage
• Higher risk drivers who have several accidents or serious violations may pay on average $1,980 more every year to buy Tesla Model X insurance
• Increasing deductibles can save around $700 each year
• It is possible to save up to $210 per year just by quoting online in advance