Tesla Model X Insurance Rates

The average insurance prices for a Tesla Model X are $1,762 every 12 months with full coverage. Comprehensive costs an estimated $386, collision insurance costs $758, and liability insurance is estimated at $460. Buying just liability costs approximately $510 a year, and insurance for high-risk drivers 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 broken down by type of insurance:

Prices are based on $500 deductible amounts, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and for different Model X trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on car insurance rates. More rural locations are shown to have more infrequent collision claims than congested cities. The price range example below illustrates how rural and urban location affects insurance prices.

The examples above demonstrate why anyone shopping for car insurance should get quotes for a targeted area and their own driving history, rather than relying on rate averages.

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

Additional Rate Details

The chart below details average Tesla Model X insurance rates for other coverage scenarios.

• The best full coverage rate is $987
• Choosing higher $1,000 deductibles can save approximately $258 annually
• The average price for a good driver age 40 who has $500 deductibles is $1,762
• Buying more expensive low deductibles for comp and collision coverage increases the price to $2,268
• High-risk insureds with multiple tickets or accidents could pay up to $3,840
• Policy cost to insure a teen driver with full coverage can cost as much as $6,466 each year

View Chart as Image

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

Opting for high physical damage deductibles can save as much as $770 each year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

An older driver with a clean driving record and higher deductibles could pay as little as $1,600 annually on average, or $133 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay at least $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 may be forking out $2,100 to $2,900 extra every year, depending on your age. High-risk driver insurance ranges anywhere from 45% to 133% more than the average rate. View High Risk Driver Rates

Your home state plays a big part in determining prices for Tesla Model X insurance rates. A good driver about age 40 could pay as low as $1,270 a year in states like Utah, Ohio, and New Hampshire, or at least $2,380 on average in New York, Michigan, and Florida.

View Chart as Image

How to Shop for Affordable Tesla Model X Insurance

Finding cheaper rates on Tesla Model X insurance takes having a good driving record, having good credit, not filing small claims, and deciding if full coverage is necessary. Set aside time to shop around every year by getting quotes from direct companies, and also from your local independent and exclusive agents.

The next list is a brief review of the coverage data raised in the charts and tables above.

• You may be able to save approximately $220 per year just by shopping early and online
• Increasing comprehensive and collision deductibles could save as much as $775 each year
• Drivers age 20 and younger are charged the highest rates, as much as $539 each month if they have full coverage
• High-risk drivers with DUI or reckless driving convictions may pay on average $2,080 more annually to buy Tesla Model X insurance