Tesla Model X Insurance Rates

Average insurance rates for a Tesla Model X are $1,762 a year for full coverage. Comprehensive insurance costs an estimated $386, collision insurance costs $758, and liability costs around $460. Buying just liability costs as low as $510 a year, and insurance for high-risk drivers costs $3,840 or more. Teens receive the highest rates at up to $6,466 a year.

Average premium for full coverage: $1,762

Rate estimates broken down by individual coverage type:

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

Price Range by Coverage and Risk

Price Range by Location

Where you live can have significant affects on insurance rates. More rural locations tend to have lower incidents of accident claims than cities with more traffic congestion. The price range example below illustrates how your location can change insurance prices.

These examples show why anyone shopping for car insurance should compare prices for a targeted area, instead of using averaged prices.

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 cheapest rate after discounts is $987
• Using higher $1,000 deductibles will save approximately $258 a year
• The estimated price for a 40-year-old driver who has $500 deductibles is $1,762
• Selecting more expensive low deductibles for physical damage coverage will cost an additional $506 every year
• Drivers with serious driving violations could pay up to $3,840
• The cost that insures a teen driver with full coverage can cost as much as $6,466 or more

View Chart as Image

Auto insurance rates for a Tesla Model X can also vary considerably based on the model year and trim level, how you drive, and liability limits and deductibles.

If you like to drive fast or you caused an accident, you could be paying $2,100 to $2,900 in extra premium per year, depending on your age. High-risk driver insurance can be as much as 45% to 133% more than the average policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may pay as little as $1,600 a year for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will have to pay at least $6,400 a year. View Rates by Age

Where you live has a huge impact on Tesla Model X insurance prices. A driver around age 40 might see rates as low as $1,160 a year in states like Iowa, Maine, and Idaho, or have to pay at least $2,510 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $770 every year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

How to Find Cheap Tesla Model X Insurance

Saving money on car insurance requires being a low-risk driver, maintaining a good credit score, eliminating unneeded coverage, and consideration of higher deductibles. Compare rates every other policy renewal by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The items below are a brief summary of the ideas that were illustrated above.

• Teen drivers are the costliest to insure, costing as high as $539 per month if the policy includes full coverage
• Higher risk drivers that tend to have accidents or serious violations may pay on average $2,080 more annually to insure their Model X
• Increasing deductibles can save approximately $775 each year
• Drivers can save approximately $220 per year just by shopping early and online