Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used Tesla Model X? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

Tesla Model X insurance facts

  • Average full coverage auto insurance premium: $210/month

  • Most affordable companies: State Farm ($146/month) & Progressive ($157/month)

  • Model X car insurance cost vs. average rate: $280 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Tesla Model X by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Tesla Model X insurer costs by state:

Risk factors affecting Tesla Model X insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Tesla Model X insurance?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Tesla models, you can get the following insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Tesla Automobile Brand

Tesla is the best-selling plug-in and electric car manufacturer with nearly 25% of the electric car market selling to a small higher income group of buyers in the United States with many customers in Arizona, California, Florida, NevadaOregon, and Texas. The target market of Tesla is higher income (above 100K+), but with the lower-priced Model 3, Tesla gains more customers with lower income (50 to 100K). All Tesla automobiles have five-star safety ratings, with the Model 3 consistently getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). Current Tesla models include the Model 3, S, X, and the Y.

Higher than average Model X repair costs equal higher insurance rates

Many consumers are attracted to Tesla automobiles for green technology, safety ratings, and driver-assist technologies, such as the autonomous system AutoPilot, their excellent all-wheel drive (AWD) system, plus the horsepower with the Model S going 0 to 60 in 1.99 seconds. Current automotive parts are sold directly from Tesla and are some of the most expensive repair parts and costs for vehicle owners. Repair parts for ToyotaHonda, and Subaru can be 120 to 284% less expensive. Repairing a Tesla is higher than average since repair parts are more costly and not as available as popular vehicles. For this reason, many Teslas are going to have higher than average insurance rates to similar cars in its class.

Average depreciation for Tesla Model X affecting auto policies

Tesla has an average depreciating value, according to CarandDriver.com, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Tesla models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower coverage rates for drivers

Teslas are known for their excellent safety ratings, safety features, 5-star crash test ratings, AutoPilot driver-assist technologies, lowering car insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints, and safety features in Tesla models. The Model 3 is Insurance Institute for Highway Safety (IIHS) “Top Safety Pick,” and the NHTSA consistently gives Tesla Model 3, S, X, and Y top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Tesla automobile owners when buying an insurance policy.

2021 Tesla Model X

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $4121
Allied$4287
Allstate$3053
American Family$2761
Amica$4329
Country Financial$3345
Erie$2218
GEICO$2438
Kentucky Farm Bureau$3428
Liberty Mutual$2341
Mercury$2916
MetLife$3961
Nationwide$2135
Progressive$1894
State Farm$1756
Tennessee Farmers$2956
Tesla$1649
Texas Farm Bureau$2547
The Cincinnati$1953
The Hanover$3841
Travelers$3158

Compare all 2021 Tesla Model X rates

Average Cost to Insure Per Year

$2530

List Price

$79990

Trims Available

Long Range - Performance - With Engine: All Wheel Drive (Dual Motor), Transmission: 1-spd auto with Driver Assist Technologies and Autonomous Driving - Traffic-Aware Cruise Control, Autosteer, Navigate on Autopilot, Auto Lane Change, Autopark, Smart Summon, Traffic and Stop Sign Control, with Safety Features - Forward Collision Warning, Automatic Emergency Braking, Lane Departure Avoidance, Blind Spot Collision Warning, Red Light Recognition, Front-impact airbags, Side impact airbags, Pretensioners

2020 Tesla Model X

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $4025
Allstate$3047
American Family$2735
Country Financial$3325
Erie$2189
GEICO$2415
Kentucky Farm Bureau$3419
Liberty Mutual$2270
Mercury$2905
Nationwide$2049
Progressive$1856
State Farm$1730
Tennessee Farmers$2835
Tesla$1635
Texas Farm Bureau$2499
The Hanover$3812
Travelers$3126

Compare all 2020 Tesla Model X rates

Average Cost to Insure Per Year

$2523

List Price

$79990

Trims Available

Long Range - Performance - With Engine: All Wheel Drive (Dual Motor), Transmission: 1-spd auto with Driver Assist Technologies and Autonomous Driving - Traffic-Aware Cruise Control, Autosteer, Navigate on Autopilot, Auto Lane Change, Autopark, Smart Summon, Traffic and Stop Sign Control, with Safety Features - Forward Collision Warning, Automatic Emergency Braking, Lane Departure Avoidance, Blind Spot Collision Warning, Red Light Recognition, Front-impact airbags, Side impact airbags, Pretensioners

2019 Tesla Model X

Cheapest Insurance CompaniesAverage Annual Cost
Cincinnati Insurance$ 2316
Cincinnati Insurance$ 2316
Country$ 2814
Country$ 2814
Erie$ 1719
Erie$ 1719
GEICO$ 3337
GEICO$ 3337
Liberty Mutual$ 3368
Liberty Mutual$ 3368
Nationwide$ 1844
Nationwide$ 1844
Progressive$ 2242
Progressive$ 2242
State Farm$ 1448
State Farm$ 1448
Travelers$ 3189
Travelers$ 3189
USAA$ 2424
USAA$ 2424

Compare all 2019 Tesla Model X rates

Average Cost to Insure Per Year

$ 2470

List Price

$ 84990

Trims Available

Long Range - Performance

2018 Tesla Model X

Cheapest Insurance CompaniesAverage Annual Cost
Country$ 2039
Country$ 2039
Erie$ 1419
Erie$ 1419
Farmers$ 3084
Farmers$ 3084
GEICO$ 2605
GEICO$ 2605
Liberty Mutual$ 3333
Liberty Mutual$ 3333
MetLife$ 3089
MetLife$ 3089
Nationwide$ 1976
Nationwide$ 1976
Progressive$ 1922
Progressive$ 1922
State Farm$ 1491
State Farm$ 1491
USAA$ 2138
USAA$ 2138

Compare all 2018 Tesla Model X rates

Average Cost to Insure Per Year

$ 2310

List Price

$ 84000

Trims Available

75D - 100D - P100D

2017 Tesla Model X

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2043
Acuity$ 2043
Allied$ 2067
Allied$ 2067
Allmerica$ 1123
Allmerica$ 1123
Arbella$ 2079
Arbella$ 2079
Cincinnati Insurance$ 1326
Cincinnati Insurance$ 1326
Erie$ 1869
Erie$ 1869
Mercury$ 1035
Mercury$ 1035
Nationwide$ 2117
Nationwide$ 2117
Progressive$ 1892
Progressive$ 1892
Quincy Mutual$ 1302
Quincy Mutual$ 1302
Tennessee Farmers$ 1139
Tennessee Farmers$ 1139
Texas Farm Bureau$ 1564
Texas Farm Bureau$ 1564

Compare all 2017 Tesla Model X rates

Average Cost to Insure Per Year

$ 2789

List Price

$ 85500

Trims Available

75D - 90D - P100D

2016 Tesla Model X

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1885
Acuity$ 1885
Arbella$ 1941
Arbella$ 1941
Cincinnati Insurance$ 765
Cincinnati Insurance$ 765
Country$ 1973
Country$ 1973
Erie$ 1784
Erie$ 1784
Mercury$ 1021
Mercury$ 1021
Oklahoma Farmers Union$ 1443
Oklahoma Farmers Union$ 1443
Progressive$ 1571
Progressive$ 1571
Quincy Mutual$ 1127
Quincy Mutual$ 1127
Tennessee Farmers$ 1027
Tennessee Farmers$ 1027
Texas Farm Bureau$ 846
Texas Farm Bureau$ 846
USAA$ 1799
USAA$ 1799

Compare all 2016 Tesla Model X rates

Average Cost to Insure Per Year

$ 2267

List Price

$ 83000

Trims Available

75D - 90D - P90D