Tesla Model X Car Insurance Cost
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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
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Average full coverage auto insurance premium: $210/month
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Most affordable companies: State Farm ($146/month) & Progressive ($157/month)
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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.
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Below average Tesla Model X insurer costs by state:
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California car insurance – $3,377 per year
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Florida car insurance – $2,990 per year
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New York car insurance – $3,718 per year
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Arizona – $2,418 per year
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Texas – $2,739 per year
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 score, type 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
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Student discounts
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Safe drivers
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Senior discounts
With all Tesla models, you can get the following insurance discounts:
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Passive restraint systems
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Anti-lock brakes
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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, Nevada, Oregon, 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 Toyota, Honda, 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.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
2021 Tesla Model X
Cheapest Insurance Companies | Average Annual Cost |
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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 Companies | Average Annual Cost |
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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 Companies | Average Annual Cost |
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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 Companies | Average 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 Companies | Average 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 Companies | Average 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