Tesla Model X Insurance Rates

The average insurance rates for a Tesla Model X are $1,674 a year including full coverage. Comprehensive insurance costs on average $360 each year, collision insurance costs $696, and liability coverage costs $460. Liability-only coverage costs as little as $510 a year, and high-risk coverage costs $3,650 or more. Teen drivers cost the most to insure at up to $6,190 a year.

Average premium for full coverage: $1,674

Policy rates by type of insurance:

These estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Model X models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than larger metro areas. The graphic below illustrates the difference between rural and urban areas on car insurance rates.

The examples above highlight why all drivers should compare rates based on a specific location, rather than using price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $944
• Drivers who choose higher $1,000 deductibles will pay around $238 every year
• The estimated price for a good driver age 40 with $500 deductibles is $1,674
• Choosing low deductibles for comprehensive and collision insurance will cost an additional $470 each year
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $3,650
• Policy cost that insures a teenage driver may cost $6,190 a year

View Chart as Image

Insurance rates for a Tesla Model X also range considerably based on the trim level and model year, your driving record and age, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $2,000 to $2,700 additional every year, depending on your age. Insurance for high-risk drivers can cost around 44% to 133% more than average. 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 per year on average, or $133 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay upwards of $6,100 a year. View Rates by Age

Your home state makes a big difference in Tesla Model X insurance rates. A 40-year-old driver could pay as low as $1,280 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,390 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing high deductibles could save up to $710 a year, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit

How to Find Cheap Tesla Model X Insurance

Finding cheaper rates on auto insurance not only requires avoiding accidents and violations, but also having a good credit score, paying for small claims out-of-pocket, and dropping full coverage on older vehicles. Shop around at every policy renewal by quoting rates from direct car insurance companies, and also from insurance agencies where you live.

The list below is a brief summary of the data covered above.

• Consumers who require higher liability limits will pay about $510 per year to go from a 30/60 limit to the 250/500 level
• You may be able to save as much as $210 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save approximately $700 each year
• Teenagers pay higher rates, with premiums being up to $516 each month if comprehensive and collision insurance is included