Tesla Model X Insurance Rates

The average insurance rates for a Tesla Model X are $1,762 a year for full coverage. Comprehensive costs around $386, collision insurance costs $758, and liability coverage costs around $460. Liability-only coverage costs as low as $510 a year, and high-risk coverage costs around $3,840. 16-year-old drivers cost the most to insure at up to $6,466 a year.

Average premium for full coverage: $1,762

Policy rates for type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on auto insurance rates. Areas with sparse population are shown to have lower incidents of accident claims than congested cities. The example below illustrates how rural and urban location affects auto insurance rates.

The examples above show why everyone should compare prices for a specific zip code, rather than using rate averages.

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

Additional Charts and Tables

The chart below shows average Tesla Model X insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $987
• Using higher $1,000 deductibles will save about $258 a year
• The estimated price for a good driver age 40 using $500 deductibles is $1,762
• Buying pricier low deductibles for physical damage coverage bumps up the cost to $2,268
• Higher-risk drivers with multiple tickets or accidents could pay at least $3,840
• Policy cost that insures a teenage driver for full coverage can be $6,466 or more

View Chart as Image

Insurance rates for a Tesla Model X also range considerably based on the model of your Model X, how you drive, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you could be paying at least $2,100 to $2,900 additional every year, depending on your age. Tesla Model X insurance for high-risk drivers can be around 45% to 133% more than the average rate. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,600 a year, or $133 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay as much as $6,400 a year. View Rates by Age

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

View Chart as Image

Opting for high physical damage deductibles could cut rates by as much as $770 a year, whereas buying more liability protection will increase rates. Going 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 the Cheapest Tesla Model X Insurance

Finding cheaper rates on auto insurance requires being a safe and courteous driver, having a good credit score, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Comparison shop every year by obtaining price quotes from direct carriers, and also from several local insurance agents.

Below is a recap of the coverage data raised in the charts and tables above.

• Drivers can save up to $220 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save approximately $775 each year
• Teenage drivers are charged the highest rates, costing up to $539 each month if comprehensive and collision insurance is included
• Drivers that have major violations or accidents pay on average $2,080 more every year for auto insurance