Tesla Model X Insurance Rates

Average insurance rates for a Tesla Model X are $1,674 a year including full coverage. Comprehensive costs approximately $360 each year, collision insurance costs $696, and liability coverage costs around $460. A policy with just liability insurance costs as low as $510 a year, and coverage for high-risk drivers costs around $3,650. Teenage 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:

These estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and Model X models.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a large influence on car insurance prices. Rural locations tend to have lower incidents of comprehensive and collision claims than densely populated cities. The graphic below illustrates the difference location can make on auto insurance prices.

These examples highlight why all drivers should compare prices using their specific location, rather than using average rates.

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

More Rate Details

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

• The best discount rate is $944
• Using higher $1,000 deductibles will save $238 every year
• The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,674
• Using low deductibles for physical damage coverage bumps up the cost to $2,144
• Higher-risk drivers who are prone to accidents and violations could pay around $3,650
• The cost that insures a teenage driver can cost $6,190 or more

View Chart as Image

Insurance rates for a Tesla Model X can also vary considerably based on the trim level and model year, your driving record and age, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you are likely paying anywhere from $2,000 to $2,700 additional per year, depending on your age. Insurance for high-risk drivers can be around 44% to 133% more than a normal policy. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,600 a year for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $6,100 a year. View Rates by Age

Where you live has a huge impact on Tesla Model X insurance rates. A driver around age 40 might see rates as low as $1,280 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $2,390 on average in Louisiana, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $710 a year, whereas increasing liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

How to Find Cheap Tesla Model X Insurance

Saving money on auto insurance requires being a good driver, having a good credit score, not filing small claims, and consideration of higher deductibles. Compare prices every other policy renewal by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local auto insurance providers.

The following list is a brief summary of the ideas that were touched on in this article.

• Drivers age 16 to 20 are the costliest to insure, as much as $516 per month if comprehensive and collision insurance is included
• Drivers that tend to have accidents or serious violations will likely pay on average $1,980 more per year than a safer driver
• Increasing deductibles can save approximately $700 each year
• You may be able to save around $210 per year just by quoting online in advance