Tesla Model X Insurance Rates

The average insurance prices for a Tesla Model X are $1,674 every 12 months for full coverage. Comprehensive costs an estimated $360 each year, collision insurance costs $696, and liability costs around $460. Liability-only insurance costs as low as $510 a year, and high-risk driver insurance costs around $3,650. Teenage drivers cost the most to insure at up to $6,190 a year.

Average premium for full coverage: $1,674

Policy rates broken down by type of insurance:

Estimates include $500 physical damage insurance deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Prices are averaged for all states and Model X models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on insurance rates. More rural locations are shown to have more infrequent accident claims than densely populated cities. The graphic below illustrates the difference location can make on insurance prices.

The examples above show why all drivers should compare prices for a targeted area and their own driving history, instead of using average rates.

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

Additional Rate Analysis

The chart below shows average Tesla Model X insurance rates for other coverage scenarios.

• The best discount rate is $944
• Using higher $1,000 deductibles will save approximately $238 a year
• The average price for a good driver age 40 who has $500 deductibles is $1,674
• Using low deductibles for physical damage coverage increases the price to $2,144
• Drivers who are prone to accidents and violations could pay up to $3,650
• Policy cost to insure a teen driver can cost as much as $6,190 or more

View Chart as Image

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

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

More mature drivers with a good driving record and higher deductibles may pay as little as $1,600 a year, or $133 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have to pay at least $6,100 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying $2,000 to $2,700 in extra premium every year, depending on your age. Insurance for high-risk drivers can be as much as 44% to 133% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Tesla Model X insurance prices. A driver around age 40 might see rates as low as $1,100 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,390 on average in New York, Louisiana, and Michigan.

View Chart as Image

How to Shop for Low Cost Tesla Model X Insurance

Finding cheaper rates on car insurance requires being a low-risk driver, having a good credit score, avoid buying unnecessary coverage, and consideration of higher deductibles. Make time to compare rates every year by obtaining price quotes from direct carriers, and also from several local insurance agents.

The items below are a review of the coverage data touched on in this article.

• Drivers can save approximately $210 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles could save as much as $700 each year
• Teen drivers are the costliest to insure, costing up to $516 each month if comprehensive and collision insurance is included
• Higher risk drivers who have several accidents or serious violations pay on average $1,980 more annually to insure their Model X