Tesla Model X Insurance Rates

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UPDATED: Mar 30, 2024

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Average insurance rates for a Tesla Model X are $1,762 a year for full coverage. Comprehensive costs around $386 a year, collision costs $758, and liability costs around $460. Buying just liability costs as low as $510 a year, with insurance for high-risk drivers costing around $3,840. 16-year-old drivers receive the highest rates at $6,466 a year or more.

Average premium for full coverage: $1,762

Rate estimates for individual coverage type:

Comprehensive $386
Collision $758
Liability $460

Rate estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all states and Model X trim levels.

Price Range by Coverage and Risk

Using a middle-aged driver as an example, prices range go from the low end price of $510 for a discount liability-only rate to a high of $3,840 for a driver who requires high-risk insurance.

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

Price Range by Location

Where you live can have significant affects on auto insurance rates. Areas with sparse population tend to have lower incidents of accident claims than congested cities.

The diagram below illustrates how where you live affects auto insurance rates.

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

These examples show why it is important to compare prices for a specific zip code, instead of using rate 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 shows estimated 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 $1,504 a year
  • The estimated price for a 40-year-old driver using $500 deductibles is $1,762
  • Buying low $100 deductibles for physical damage coverage bumps up the cost to $2,268
  • Drivers with multiple tickets or accidents could pay at least $3,840 or more
  • The cost that insures a teen driver can be $6,466 or more

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 can also vary considerably based on the trim level of your Model X, how you drive, and deductibles and policy limits.

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

Older drivers 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 highest for teen drivers, since even teens with perfect driving records will have to pay as much as $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 Idaho, Maine, and Iowa, or at least $2,510 on average in Michigan, Louisiana, and New York.

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

Opting for high physical damage deductibles could cut rates by as much as $770 every year, while buying higher liability limits will increase rates. 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

With so much variability in rates, the only way to know your exact price is to get quotes and see which company has the best rate. Each insurance company utilizes a different rate formula, and quoted rates can be significantly different.

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 the Best Tesla Model X Insurance

Saving money on car insurance requires avoiding accidents and claims, maintaining a good credit score, eliminating unneeded coverage, and maximizing policy discounts. Comparison shop at every other renewal by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The points below are a brief recap of the concepts that were touched on in the above illustrations.

  • Higher risk drivers who tend to receive serious violations pay on average $2,080 more every year to insure a Tesla Model X
  • Drivers under the age of 20 are expensive to insure, costing as high as $539 per month if the policy includes full coverage
  • Drivers can save up to $220 per year simply by quoting early and online
  • Increasing deductibles can save approximately $775 each year
  • Drivers can save up to $220 per year simply by quoting early and online

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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