Get free quote in-app

(400K+)

Our Insurance Partners

nationwide
travellers
mapfre
safeco
kemper
national-general
foremost
dairyland
pronto
bristolwest
hippo
assuranceameric
anchor
still-water
bridger
alinsco
commonwealth
suncoast
aspire

Key Takeaways

  • The annual average cost for insuring a Tesla Model X is $4287.
  • Among them all, Tesla Model X costs the highest to insure.
  • The trim level, the model year, and the safety features of a Tesla Model X have an impact on the insurance rates.

It has not been very long since Tesla models became synonymous when we think about electric cars. Its performance and the driving range have always stood out among its loyalists as well as people who were looking to opt for electric cars. The models determine the insurance of the car, and this varies with each variant.

Here, we look at car insurance for Tesla Model X, the best car insurance for Tesla Model X, and the probable reasons that can affect the insurance cost of this model.

How much does it cost to insure a Tesla Model X?

The make and model of any car heavily influences the insurance costs. Model 3, Model Y, Model X, and Model S are some of the current models offered by the company. Tesla vehicles cost somewhere from $46,440 and $131,440. The most affordable Tesla model is the Model 3, while the most expensive Tesla models are the Model X and Model S varieties.

Tesla Model X is a costly variant when we consider the base models. Model X will cost you nearly $106,440. The repair costs of Tesla cars are higher than many of the other luxury cars, making them costlier to insure. Since the trim level directly affects collision coverage, the insurance cost of the Tesla Model X automatically increases, making it the most expensive to insure.

It costs $4287 on average annually to insure a Tesla Model X. The monthly insurance cost of the model would be $357. However, based on the year of the model and the insurance company, the insurance rates for a Tesla Model X will vary.

Model Average Annual Rate
Tesla Model X $4287

See what you could save on auto insurance

Where can I find cheap Tesla Model X Insurance?

Apart from the trim levels of the models, various factors are taken into consideration when providers calculate the insurance rates. In the case of Tesla Models, the insurance rates are higher than average auto insurance rates. Since Tesla Model X is ng a high-end full-size SUV from Tesla, the insurance rates are higher.

Considering the different nationally recognized insurance providers, Progressive, State Farm, and USAA provide the cheapest insurance for your Tesla Model X.

Companies that Provide Cheap Tesla X Model Insurance

Insurance Company Average Annual Insurance Rates
Nationwide $2698
USAA $2024
State Farm $1967
Progressive $1593
Cincinnati Insurance $2321
Liberty Mutual $3339
Plymouth Rock Insurance $3036

Tesla Model X Car Insurance Cost

The insurance cost for any car will vary according to the company, make, and model of the car. This is because insurance providers consider a variety of driving and non-driving factors while estimating the insurance costs. When it comes to the trim levels, the safety features are critical in determining the rates.

Average Annual Cost Of Tesla Model X Insurance By Company

When you consider an insurance provider, not only should you consider the rates they provide but also their stability, the coverage options, and the competitive pricing and discounts, which will make the annual rates affordable.

Insurance Company Average Annual Insurance Cost
State Farm $1967
Infinity $1650
American Family $1846
Erie $1852
Nationwide $1992
Cincinnati Insurance $2321
Liberty Mutual $3339
Plymouth Rock Insurance $3036
Tennessee Farmers $1145
MetLife $3095
Texas Farm Bureau $1570
Acuity $2049
Arbella $2085

Average Annual Cost Of Tesla Model X Insurance By Model

The insurance rates will vary according to the year of make, like any other car. However, considering the Tesla X models, we observe that the 2020 models are the most expensive to insure. State Farm and USAA are the most affordable when we look at the insurance rates according to the available Tesla X models.

Insurance Company 2020 Model 2019 Model 2018 Model 2017 Model
Nationwide $5254 $1992 $1967 $2123
USAA $2006 $2452 $2144
State Farm $2010 $1492 $1497
Progressive $1637 $2352 $1928 $1898
Erie $1852 $1425 $1875

Average Annual Cost Of Tesla Model X Insurance By Age

Age is a crucial non-driving factor that has an impact on car insurance rates. When we look at Tesla Model X rates according to age, we observe that teenage drivers pay the highest rates ranging between $9900 and $5550 when they are nineteen. The rates drop further when you are an older driver. A forty-year-old driver with a Tesla Model X car will pay $2374 on average annually for their car insurance.

Age Group Average Annual Rate
16 $9913
17 $8783
18 $7734
19 $5541
20 $4946
21 $3917
22 $3608
23 $3302
24 $3100
25 $2813
40 $2374

Best Car Insurance Company for a Tesla Model X

There are many nationally and regionally recognized car insurance companies that offer affordable insurance according to the requirements of the Tesla Model you own. Here is a list of the best car insurance companies for a Tesla Model X.

Insurance Company
State Farm Liberty Mutual
Infinity Plymouth Rock Insurance
American Family Tennessee Farmers
Erie MetLife
Nationwide Texas Farm Bureau
Cincinnati Insurance Acuity
Arbella  

What impacts the cost of Tesla Model X insurance rates?

The high purchase and service costs are the two main reasons that lead to the high insurance cost of the Tesla Model X. The sophisticated features of this high-end SUV impact its insurance rates.

  • Age of your Tesla Model X

If you own a newer variant of a Tesla Model X, then you will have to pay a higher insurance rate when compared to older models. For example, insuring a 2020 Tesla Model X with State Farm will cost you $2010, while it costs $1497 for a 2018 model.

  • Age of the Driver

The younger you are, the higher the insurance rates are. Teenage drivers who own a Tesla Model X will pay between $9900 and $5550 annually on average. The older you get, the average insurance rates can drop to $2400.

  • Location of the Driver

The accident statistics, auto theft rates, and population are the different aspects that are considered by insurance providers when estimating insurance rates. The cost of your Tesla Model X insurance will rely on your neighborhood as well.

  • Driving History

Maintaining a clean driving record is essential to owning control over your car insurance. Speeding tickets, DUI charges, and other traffic violations can spike your car insurance rates. Since the insurance rates for Tesla Model X are high, flawed driving history can negatively impact the car insurance rates.

Tesla Model X Safety Features

The safety features of Tesla cars are noteworthy. The safety features do make room for exclusive discounts on insurance for your Tesla Model X. The major features of a Tesla Model X are mentioned below.

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • Rear Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control
  • Blind Spot Monitor
  • Auto-Leveling Headlights
  • Lane Departure Warning
  • Lane Keeping Assist
  • Cross-Traffic Alert

How does location affect the cost of Tesla Model X insurance?

The state where you register your Tesla has a significant impact on your car insurance costs. The state-wise Tesla model X insurance rates are mentioned in the table below. You can follow the respective links to understand the average insurance rates and trends in each state.

See what you could save on auto insurance

How to save money on Tesla Model X car insurance

Tesla Model X might be costly to insure, but there are several steps you can consider to save on the insurance costs.

  • Shop Around and Compare

Since most insurance companies provide quotes online, it is convenient to shop around and do your research. It might look like a laborious process, but it will fetch you the best rates and the insurance company that suits your needs.

  • Consider Every Other Discounts

Tesla, being an electric vehicle, might be eligible for exclusive discounts on that front. There is always an option to bundle policies that will offer you multiple policy discounts. If you are a good driver, then opt for good driver discounts, and students can reach out for good student discounts, which are offered by many providers.

  • Maintain your Credit Score

Your credit score, too, has a direct impact on insurance premiums. Insurance firms analyze the relationship between bad credit scores and filing hefty claims. Clients with poor credit scores pay higher premiums. Increasing your credit score can reduce your insurance premium rates by half.

  • Consider Telematics

Being a usage-based insurance program, it can be significant for Tesla models. Many of the major insurance providers are coming forward with telematics to assess driving practices and calculate the insurance rates based on that.

  • Increase your Deductibles

Though increased deductible limits may result in a lower premium, bear in mind that you will be responsible for the new, higher deductible in the event of a claim.

How to get Tesla Model X Insurance with Way.com

If you own a Tesla Model X, then insuring it can look like a challenge. With higher than average can insurance rates, Way.com can come to your rescue. We help you compare insurance quotes from various insurance companies and provide you with the best quotes keeping a check on your coverage.

In a few simple steps, you can get fair insurance quotes and ample savings while insuring your Tesla Model X.

Other Tesla Models

  • Model S
  • Model X

Auto Insurance Data Methodology

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

Frequently Asked Questions

How much does it cost to insure Tesla Model X?

It costs $4287 on average annually to insure a Tesla Model X.

Is it expensive to insure a Tesla Model X? Why?

Among the available Tesla models, Tesla Model X is the most expensive to insure. The major reason behind this is that it is a high-end luxury and electric SUV.

How much is Tesla insurance monthly?

The monthly insurance cost of a Tesla Model X would be $357.

Learn more by city and state for car insurance



Learn more by city and state for car insurance




Digital Insurance Card

Access your digital insurance card through the app. You no longer need to carry your physical insurance card with you.

Get reminders & quotes

Receive reminders before your renewal. Way.com will also send new quotes from up to 45 insurance companies with your renewal reminder.

Share with family

Keep everyone on your policy up to date by sharing your insurance information.

Manage your policy

Make changes to your policy right from the app (coming soon) and ask for expert advice.

Get the App:

Find the best Auto insurance rates on-the-go

For the best user experience, please download our Way app.

Please Enter A Valid Mobile Number!
Text Sent, Please download!

or