Tesla Model X Insurance Rates

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UPDATED: Mar 30, 2024

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The average insurance rates for a Tesla Model X are $1,762 a year for full coverage insurance. Comprehensive insurance costs on average $386, collision costs $758, and liability is $460. Buying just liability costs around $510 a year, with insurance for high-risk drivers costing $3,840 or more. Teen drivers cost the most to insure at $6,466 a year or more.

Average premium for full coverage: $1,762

Policy rates by type of insurance:

Comprehensive $386
Collision $758
Liability $460

These estimates include $500 physical damage deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 states and for different Model X trim levels.

Price Range Variability

For an average driver, Tesla Model X insurance rates go from the low end price of $510 for just the minimum liability insurance to a much higher rate of $3,840 for a driver required to buy high-risk insurance.

Liability Only $510
Full Coverage $1,762
High Risk $3,840

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on insurance rates. Rural areas are shown to have lower incidents of physical damage claims than larger metro areas.

The price range example below illustrates the effect of geographic area on car insurance rates.

Rural Areas $1,322
Small Cities $1,850
Large Cities $2,379

The examples above illustrate why anyone shopping for car insurance should compare rates quotes based on a specific location, instead of making a decision based on price averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Analysis

The chart below illustrates estimated Tesla Model X insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $987
  • Raising to $1,000 deductibles will save around $258 each year
  • The estimated price for a good driver age 40 with $500 deductibles is $1,762
  • Choosing more expensive low deductibles will cost an additional $506 annually
  • Drivers with multiple violations and an at-fault accident could pay upwards of $3,840 or more
  • Policy cost that insures a 16-year-old driver with full coverage may cost $6,466

View Chart as Image

Tesla Model X insurance cost comparison chart
Column chart showing full coverage Tesla Model X insurance prices range from $987 to $6,466

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

If you have a few points on your driving record or you caused an accident, you are probably paying at a minimum $2,100 to $2,900 extra every year, depending on your age. High-risk driver insurance is expensive and can cost from 45% to 133% more than average. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,600 every 12 months on average, or $133 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay upwards of $6,400 a year. View Rates by Age

Your home state also has a big influence on Tesla Model X insurance prices. A middle-age driver might find rates as low as $1,150 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $2,380 on average in Michigan, New York, and Florida.

Tesla Model X Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,592 -$170 -9.6%
Alaska $1,350 -$412 -23.4%
Arizona $1,462 -$300 -17.0%
Arkansas $1,762 -$0 0.0%
California $2,008 $246 14.0%
Colorado $1,684 -$78 -4.4%
Connecticut $1,810 $48 2.7%
Delaware $1,994 $232 13.2%
Florida $2,204 $442 25.1%
Georgia $1,626 -$136 -7.7%
Hawaii $1,264 -$498 -28.3%
Idaho $1,194 -$568 -32.2%
Illinois $1,312 -$450 -25.5%
Indiana $1,326 -$436 -24.7%
Iowa $1,188 -$574 -32.6%
Kansas $1,674 -$88 -5.0%
Kentucky $2,404 $642 36.4%
Louisiana $2,606 $844 47.9%
Maine $1,088 -$674 -38.3%
Maryland $1,454 -$308 -17.5%
Massachusetts $1,410 -$352 -20.0%
Michigan $3,060 $1,298 73.7%
Minnesota $1,474 -$288 -16.3%
Mississippi $2,110 $348 19.8%
Missouri $1,562 -$200 -11.4%
Montana $1,892 $130 7.4%
Nebraska $1,390 -$372 -21.1%
Nevada $2,112 $350 19.9%
New Hampshire $1,270 -$492 -27.9%
New Jersey $1,968 $206 11.7%
New Mexico $1,562 -$200 -11.4%
New York $1,856 $94 5.3%
North Carolina $1,014 -$748 -42.5%
North Dakota $1,442 -$320 -18.2%
Ohio $1,216 -$546 -31.0%
Oklahoma $1,810 $48 2.7%
Oregon $1,614 -$148 -8.4%
Pennsylvania $1,680 -$82 -4.7%
Rhode Island $2,350 $588 33.4%
South Carolina $1,596 -$166 -9.4%
South Dakota $1,488 -$274 -15.6%
Tennessee $1,544 -$218 -12.4%
Texas $2,122 $360 20.4%
Utah $1,304 -$458 -26.0%
Vermont $1,206 -$556 -31.6%
Virginia $1,056 -$706 -40.1%
Washington $1,362 -$400 -22.7%
West Virginia $1,614 -$148 -8.4%
Wisconsin $1,218 -$544 -30.9%
Wyoming $1,570 -$192 -10.9%

View Chart as Image

Tesla Model X insurance rates by U.S. city

Choosing high deductibles can reduce rates by up to $770 annually, while increasing your policy's liability limits will cost you more. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out exactly what you will pay is to compare rates from multiple companies. Every auto insurance company uses a different rate calculation, so the rates will be varied.

Tesla Model X Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Tesla Model X $516 $1,080 $390 $2,144
2023 Tesla Model X $494 $1,072 $398 $2,122
2022 Tesla Model X $478 $1,046 $416 $2,098
2021 Tesla Model X $462 $1,002 $430 $2,052
2020 Tesla Model X $436 $966 $442 $2,002
2019 Tesla Model X $420 $898 $452 $1,928
2018 Tesla Model X $402 $844 $456 $1,860
2017 Tesla Model X $386 $758 $460 $1,762
2016 Tesla Model X $360 $696 $460 $1,674

Rates are averaged for all Tesla Model X models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Cheap Tesla Model X Insurance

Finding cheaper rates on insurance for a Tesla Model X consists of being a safe and courteous driver, having above-average credit, being claim-free, and bundling your home and auto policies. Shop around at every policy renewal by quoting rates from direct insurance companies, and also from your local independent and exclusive agents.

Below is a brief summary of the data covered in the above illustrations.

  • Insureds who require higher levels of liability will pay about $510 annually to raise from a 30/60 limit to the 250/500 level
  • It is possible to save as much as $220 per year simply by shopping early and online
  • Increasing comprehensive and collision deductibles can save approximately $775 each year
  • Teenage drivers pay the highest rates, possibly costing $539 each month if full coverage is included

Rates by Driver Age

Tesla Model X Insurance Rates by Driver Age
Driver Age Premium
16 $6,466
20 $4,090
30 $1,848
40 $1,762
50 $1,606
60 $1,578

Full coverage, $500 deductibles

Rates by Deductible

Tesla Model X Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,268
$250 $2,032
$500 $1,762
$1,000 $1,504

Full coverage, driver age 40

Rates by Liability Limit

Tesla Model X Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,762
50/100 $1,854
100/300 $1,969
250/500 $2,268
100 CSL $1,900
300 CSL $2,153
500 CSL $2,337

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Model X Insurance Rates for High Risk Drivers
Age Premium
16 $9,278
20 $6,520
30 $3,936
40 $3,840
50 $3,666
60 $3,636

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $254

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $96
Multi-vehicle $94
Homeowner $25
5-yr Accident Free $138
5-yr Claim Free $117
Paid in Full/EFT $86
Advance Quote $91
Online Quote $128
Total Discounts $775
Rate after discounts $987

Discounts are estimated and may not be available from every company or in every state.

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