Key Takeaways
If you want an SUV that has zero emissions and advanced features, then the Tesla Model X is your pick. This EV is ideal for families as well as individuals who need a practical vehicle. But what about the Tesla Model X car insurance cost? Things like the model year and your driving record can have a huge impact on your Tesla Model X car insurance rate. We can help you find the best options that may save you time and money.
The average cost to insure a Tesla Model X is around $3,504 per year. You can lower your premiums by choosing the right insurance provider for your Model X. You can find the best deal for your coverage needs by hopping around and comparing options. It is easy to get a free quote without any hassles through Way.com. You can compare multiple vetted providers in minutes and secure the best rate for your Model X.
Several factors can impact your Tesla Model X car insurance cost. Some of the common factors are:
The Tesla Model X car insurance cost may vary depending on the driver's age. Teenagers and aged drivers often pay more than the rest. A 20-year-old driver pays around $6,331 for a Model X, when it comes to insurance. It is almost twice the average premium rate for this electric SUV.
| Driver Age | Tesla Model X Insurance cost per year |
|---|---|
| 20 | $6,331 |
| 30 | $3,504 |
| 40 | $3,276 |
| 50 | $3,037 |
| 60 | $2,882 |
| 70 | $3,078 |
| 80 | $3,690 |
The cheapest auto insurance premium for a Tesla X Model for a good driver is in the state of Hawaii. A driver with a decent driving record needs to pay an annual premium of just $1,273. Suppose you are living in Michigan. In that case, you will be paying the most expensive auto insurance premium for your Tesla X Model, which is $5,269, even with a nice record.
| State | Good Driver | Recent Accident | Poor Credit |
|---|---|---|---|
| Alabama | $2,821 | $4,065 | $5,155 |
| Alaska | $2,346 | $3,224 | $3,136 |
| Arizona | $2,643 | $3,789 | $5,548 |
| Arkansas | $2,891 | $4,501 | $4,948 |
| California | $3,210 | $5,622 | $3,210 |
| Colorado | $3,001 | $4,171 | $5,272 |
| Connecticut | $3,814 | $5,875 | $7,438 |
| Delaware | $3,170 | $4,200 | $5,374 |
| Florida | $3,760 | $5,175 | $6,721 |
| Georgia | $3,079 | $4,568 | $4,606 |
| Hawaii | $1,273 | $1,703 | $1,273 |
| Idaho | $2,159 | $2,838 | $3,435 |
| Illinois | $2,256 | $3,374 | $3,836 |
| Indiana | $2,316 | $3,503 | $3,922 |
| Iowa | $1,849 | $2,510 | $2,938 |
| Kansas | $2,437 | $3,512 | $4,096 |
| Kentucky | $3,490 | $5,090 | $5,998 |
| Louisiana | $4,460 | $6,705 | $7,264 |
| Maine | $1,731 | $2,366 | $3,458 |
| Maryland | $2,757 | $3,980 | $4,413 |
| Massachusetts | $2,225 | $3,829 | $2,225 |
| Michigan | $5,269 | $7,991 | $12,563 |
| Minnesota | $2,211 | $2,924 | $4,088 |
| Mississippi | $2,654 | $3,755 | $3,779 |
| Missouri | $2,505 | $3,551 | $4,642 |
| Montana | $2,546 | $3,524 | $4,090 |
| Nebraska | $2,163 | $3,164 | $3,432 |
| Nevada | $3,521 | $5,188 | $5,477 |
| New Hampshire | $2,471 | $3,866 | $4,868 |
| New Jersey | $2,716 | $4,219 | $5,499 |
| New Mexico | $2,772 | $4,088 | $4,240 |
| New York | $2,573 | $3,221 | $5,328 |
| North Carolina | $1,622 | $2,735 | $1,971 |
| North Dakota | $2,193 | $3,296 | $3,885 |
| Ohio | $1,963 | $2,989 | $3,063 |
| Oklahoma | $3,092 | $4,397 | $4,941 |
| Oregon | $2,820 | $3,760 | $4,477 |
| Pennsylvania | $2,387 | $3,471 | $4,049 |
| Rhode Island | $3,937 | $5,742 | $6,457 |
| South Carolina | $2,697 | $3,710 | $5,093 |
| South Dakota | $2,427 | $3,465 | $3,988 |
| Tennessee | $2,842 | $4,149 | $5,502 |
| Texas | $2,861 | $4,102 | $5,084 |
| Utah | $2,445 | $3,397 | $4,647 |
| Vermont | $1,898 | $2,885 | $3,045 |
| Virginia | $1,793 | $2,714 | $2,661 |
| Washington | $2,350 | $3,163 | $3,763 |
| West Virginia | $2,364 | $3,354 | $4,184 |
| Wisconsin | $2,357 | $3,639 | $4,140 |
| Wyoming | $2,205 | $3,058 | $3,252 |
The Tesla Model X insurance cost is the cheapest for the older models. For instance, the car insurance for a 2016 Tesla Model X is $2,339 per year.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2020 Tesla Model X | $294 | $3,531 |
| 2019 Tesla Model X | $280 | $3,356 |
| 2018 Tesla Model X | $199 | $2,382 |
| 2017 Tesla Model X | $238 | $2,861 |
| 2016 Tesla Model X | $195 | $2,339 |
According to our research, Allied offers the most affordable Tesla Model X Insurance. The annual premium is just $1,260. Nevertheless, it is important to remember that the cheapest rate doesn't always mean the best value. It is always important to compare rates before choosing one for Model X.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Allied | $105 | $1,260 |
| Tennessee Farmers | $115 | $1,380 |
| American Family | $144 | $1,728 |
| 21st Century | $150 | $1,800 |
| Nationwide | $178 | $2,136 |
A 2020 Tesla Model X costs around $3,531 to insure annually. Tennessee Farmers offers the cheapest rates at an annual premium of $1,380.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Tennessee Farmers | $115 | $1,380 |
| American Family | $144 | $1,728 |
| 21st Century | $150 | $1,800 |
| Nationwide | $178 | $2,136 |
| Vermont Mutual | $186 | $2,232 |
| Country | $202 | $2,424 |
| Southern Farm Bureau | $208 | $2,496 |
| Arbella | $210 | $2,520 |
| Progressive | $217 | $2,604 |
| Erie | $217 | $2,604 |
| State Farm | $218 | $2,616 |
| USAA | $224 | $2,688 |
It costs around $3,356 per year to insure a 2019 Tesla Model X on average. However, the rates may differ depending on the insurance company you choose. State Farm offers the most affordable Model X insurance premium rates at $1,560 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| State Farm | $130 | $1,560 |
| Infinity | $143 | $1,716 |
| American Family | $159 | $1,908 |
| Erie | $160 | $1,920 |
| Auto Owners | $170 | $2,040 |
| Nationwide | $172 | $2,064 |
| Cincinnati Insurance | $199 | $2,388 |
| Progressive | $202 | $2,424 |
| USAA | $210 | $2,520 |
| Tennessee Farmers | $233 | $2,796 |
| Country | $253 | $3,036 |
| Plymouth Rock Insurance | $258 | $3,096 |
While it costs around $2,382 per annum to insure a 2018 Tesla Model X, Erie offers the cheapest rates at $1,488 per year. State Farm also offers a decent deal at $1,560 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $124 | $1,488 |
| State Farm | $130 | $1,560 |
| Progressive | $166 | $1,992 |
| Nationwide | $171 | $2,052 |
| Country | $176 | $2,112 |
| USAA | $184 | $2,208 |
| Farmers | $263 | $3,156 |
| MetLife | $263 | $3,156 |
| Liberty Mutual | $284 | $3,408 |
On average, it costs around $2,861 to insure the 2017 Tesla Model X per year. However, Mercury presents the most affordable rate at $1,104 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Mercury | $92 | $1,104 |
| Allmerica | $100 | $1,200 |
| Tennessee Farmers | $101 | $1,212 |
| Quincy Mutual | $114 | $1,368 |
| Cincinnati Insurance | $116 | $1,392 |
| Texas Farm Bureau | $136 | $1,632 |
| Erie | $162 | $1,944 |
| Progressive | $164 | $1,968 |
| Acuity | $176 | $2,112 |
| Arbella | $179 | $2,148 |
| Nationwide | $182 | $2,184 |
| USAA | $185 | $2,220 |
Cincinnati Insurance offers the most competitive Tesla Model X car insurance cost for the 2016 model at $840 per year. It is highly affordable compared to the average annual premium rate of $2,339.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $70 | $840 |
| Texas Farm Bureau | $76 | $912 |
| Mercury | $91 | $1,092 |
| Tennessee Farmers | $92 | $1,104 |
| Quincy Mutual | $100 | $1,200 |
| Oklahoma Farmers Union | $126 | $1,512 |
| Progressive | $137 | $1,644 |
| Erie | $155 | $1,860 |
| USAA | $156 | $1,872 |
| Acuity | $163 | $1,956 |
| Arbella | $168 | $2,016 |
| Country | $170 | $2,040 |
Tesla Model X comes with a range of safety features, which can help reduce the insurance rates when you apply.
Some of the installed features include:
When it comes to reliability, the Model X has received mixed reviews. Some of the early models have experienced issues with features like falcon-wings doors and build quality. Newer models have improved significantly with advanced features and technology. In total, the Model X has an average, yet satisfactory reliability rating.
Tesla Model X car insurance cost can be significantly higher than the average cost for other passenger vehicles. This is mainly due to its high purchase price, the expensive and specialized nature of its repairs, and its high performance.
Several factors, such as your age, driving record, credit score, and location, can affect the premium rates of the Tesla Model X. Additionally, the model year and trim level you choose may impact your Model X insurance rates.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
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