Tesla Model X Insurance Rates

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UPDATED: Mar 30, 2024

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The average insurance prices for a Tesla Model X are $1,762 every 12 months including full coverage. Comprehensive costs around $386, collision costs $758, and liability coverage costs $460. Liability-only insurance costs as little as $510 a year, with high-risk driver insurance costing around $3,840. Teen drivers cost the most to insure at $6,466 a year or more.

Average premium for full coverage: $1,762

Policy rates for type of insurance:

Comprehensive $386
Collision $758
Liability $460

Rates are based on $500 policy deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and for all Model X models.

Price Range Variability

For the average driver, Tesla Model X insurance rates go from the cheapest price of $510 for a discount liability-only rate to the much higher price of $3,840 for a high-risk insurance policy.

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

Urban vs. Rural Price Range

Your location has a large influence on the price of insurance. Areas with sparse population are shown to have more infrequent comprehensive and collision claims than larger metro areas.

The example below illustrates how location impacts auto insurance rates.

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

The examples above highlight why everyone should compare rates for a specific zip code and their own driving history, rather than using 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.

Rates by State, City, and Model

The chart below breaks down estimated Tesla Model X insurance rates for additional coverage choices and driver risks.

  • The lowest rate with discounts is $987
  • Drivers who choose higher $1,000 deductibles will pay about $258 every year
  • The average price for a good driver age 40 using $500 deductibles is $1,762
  • Choosing pricier low deductibles for comprehensive and collision insurance increases the price to $2,268
  • High-risk insureds with multiple violations and an at-fault accident could pay at least $3,840 or more
  • Policy cost to insure a teenage driver for full coverage can be $6,466 a year

View Chart as Image

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

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

Choosing high deductibles could save up to $770 a year, whereas buying more liability protection will increase rates. Changing 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

A more mature driver with a good driving record and higher 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 excellent drivers will have to pay as much as $6,400 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying at least $2,100 to $2,900 in extra premium every year, depending on your age. Tesla Model X insurance for high-risk drivers can cost around 45% to 133% more than average. View High Risk Driver Rates

Your home state makes a big difference in Tesla Model X insurance rates. A 40-year-old driver could pay as low as $1,350 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,510 on average in Michigan, New York, and Louisiana.

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

Because rates have so much variability, the best way to figure out your exact price is to regularly compare rates and see how they stack up. Every company uses a different rate calculation, and quoted 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 Shop for the Best Cheap Tesla Model X Insurance

Finding cheaper rates on auto insurance not only requires being a good driver, but also having a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Spend time shopping around at least every other year by requesting quotes from direct car insurance companies, and also from insurance agencies where you live.

The following list is a quick review of the car insurance concepts touched on above.

  • Drivers with a DUI or reckless driving violation could be forced to pay on average $2,080 more every year than a safer driver
  • You may be able to save up to $220 per year simply by quoting online well ahead of the renewal date
  • Increasing comprehensive and collision deductibles could save as much as $775 each year
  • Consumers who may need an increased level of liability coverage will pay about $510 per year to go from a 30/60 limit to a 250/500 level

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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