- A Tesla Model X is more expensive to insure compared to the average SUV.
- Full coverage for a Model X normally runs about $261 per month, while liability only auto insurance premiums run around $91.
- At sometimes as low as $40 monthly for liability only coverage, Sun Coast is the most affordable car insurance carrier for a Model X.
In This Article
Model X Overview
The Tesla Model X is a high-end car for drivers with extra room in their budgets, with a base price of $79,990 for 2021 models.
We sifted through thousands of insurance quotes on Compare.com, and we've found that Tesla Model X auto insurance prices average out to about $226 a month. How do car insurance rates for the Model X compare to prices of other similar SUVs?
|Current Base Price||$79,990|
|Trim Levels||MODEL X|
|Average Insurance Premium||$226/mo.|
|Cheapest Insurance Company||Sun Coast|
How Much is Car Insurance for a Tesla Model X?
|Vehicle||Liability Only||Full Coverage|
|Tesla Model X||$91||$261|
|All Tesla Models||$79||$241|
|Average Insurance Premium||$81||$169|
Based on the table above, when you compare the Tesla Model X to other vehicles, insurance rates are above average. Model X drivers can expect to pay around $261 per month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $91 monthly for liability only insurance (take a look at our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).
When compared to other models, the Model X is slightly more expensive, with premiums more than 5% higher than Tesla's other vehicle offerings. Compared to SUV offerings from other brands, insurance for a Model X is similarly on the expensive side, with liability only insurance rates coming in about 14% more and 73% more for full coverage.
Overall, they're just more expensive to insure than the average vehicle, regardless of which make, model, or body style you compare it to.
Who has the Cheapest Car Insurance for a Tesla Model X?
|Insurance Company||Average Monthly Premium|
|Kemper Personal Insurance||$47|
Are you looking for an auto insurance policy for your Tesla Model X? You may be wondering which company offers the most affordable prices. Even though there will never be one carrier that offers the lowest premiums for everyone, the cheapest average rates for liability only insurance are as cheap as $25 a month from MetroMile. The next lowest company is Mile Auto, who offers car insurance sometimes as cheap as $28 per month.
The third, fourth, and fifth companies on the list are Sun Coast, Clearcover, and Kemper Personal Insurance. That being said, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.
Car insurance carriers take lots of different factors into consideration when calculating monthly premiums. By checking quotes from a variety of insurance companies at once, you can guarantee you're finding the cheapest rate.
What Factors Affect Car Insurance Rates for a Tesla Model X?
There are a bunch of variables that auto insurance carriers look at to decide how much to charge -- and every carrier weighs certain pieces more than others, so there's not one company that's the most affordable for everyone.
Below are just a few of the things insurance companies look at and how each one affects your final rate:
|Vehicle Age||Average Monthly Premium|
|Less than 1 Year||$99|
|6-7 Years||Not Enough Data|
|8-10 Years||Not Enough Data|
|11-14 Years||Not Enough Data|
|15 Years or Older||Not Enough Data|
The Tesla Model X has been around for a few years, so vehicle age may play a role in what you end up paying for car insurance. Typically, it costs more to insure newer cars because they're worth more, but as they age, insurance costs will gradually go down.
From the table above, you can see the Tesla Model X is in line with this trend, as the cheapest models to insure are those that are 4 to 5 years old, while on average, the most expensive models are Model Xs that are 1 year old or less.
|Age||Average Monthly Premium|
How old you are makes a significant difference in how much you pay for auto insurance. As you can see above, those who have more experience pay less for car insurance compared to the youngest Model X drivers. Tesla Model X drivers under 18 actually pay $76 more than those 25 or older.
Insurance prices continue to decrease as you get older, with the cheapest age group for Model X drivers being 35-44.
|Gender||Average Monthly Premium|
Because women are less likely to get speeding tickets and get into accidents, they have a decreased chance of filing a claim with insurance. For Model X owners, that difference is around $4 monthly, with women paying an average of $94 and men looking at around $90.
Where You Live
|State||Average Monthly Premium|
You might already know that factors like how old you are and what vehicle you drive play a role in your auto insurance prices, but did you know that where you live has just as much of an impact? Since insurance is regulated on the state level rather than nationally, rates can differ quite a bit depending on where you live.
For example, the average Tesla Model X owner from New York pays about $170 a month for liability coverage. Meanwhile, on average, the same driver from California will pay less than 50% of that price. The table above shows average premiums for the 10 largest states by population, just to give you a good idea of how much prices can change from state to state.
Tesla Model X Car Insurance Discounts
No matter your age, your car, or your home state, using as many discounts as possible when it comes to your car insurance policy is always a good idea.
Not every insurance carrier will offer the same discounts, but there are a few that are relatively universal. These include discounts like:
- Pay-in-full discounts for drivers who choose to pay their entire policy rate at once, rather than by monthly payments
- Multi-policy discounts for using the same insurance company for both your home and car insurance
- Multi-car discounts for insuring more than one of your vehicles with the same carrier
- Defensive driving discounts for drivers who take a defensive driving class from a certified school or institution
While taking advantage of discounts is always a smart way to save money on your auto insurance, sometimes, it's actually having a good driving record and positive insurance profile that get you the lowest rates.
You obviously can't control every single aspect of your car insurance profile (like some of the factors we mentioned above), but you can influence some of it. Below are just a few of the ones you can use to your advantage when it comes to saving cash:
Your Driving Record
|Infractions||Average Monthly Premium|
You've almost certainly observed ads from auto insurance carriers promoting big savings for responsible drivers. It checks out that if you get speeding tickets or get into a collision, insurance rates will go up. But exactly how much is it going to cost you for these infractions?
Based on the table above, accidents will usually cost Model X drivers less than tickets, but both will result in higher than normal rates. Tesla Model X drivers with one accident on their record pay an average of $87 a month, while drivers with a single ticket will pay about $94 per month. The rates only increase the more collisions you have or tickets you get.
How Much You Drive
|Annual Mileage||Average Monthly Premium|
Another variable you have control over is how much you drive annually. Drivers who are on the roads less are more likely to go accident-free, so they'll usually be offered cheaper premiums. Above, you can see that Tesla Model X owners who drive between 5,000 and 7,500 miles per year pay an average of $83 monthly for car insurance, while those who put less than 2,500 miles on their cars pay $152.
If you don't drive much because have a second vehicle or you work from home, you might consider choosing a usage-based or pay-per-mile insurance policy. With these kinds of policies, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.
How Do Tesla Model Xs Compare to Other Vehicles?
If you're considering purchasing a new vehicle and a Tesla Model X is on your shortlist, you're probably wondering how it compares to other vehicles. Auto insurance is just one cost that comes with buying a new car, but it's guaranteed to be one that's worth considering.
Review the table below to see how the Tesla Model X stacks up:
|Tesla Model X||National Average|
|Full Coverage Insurance||$636||$169|
|Average Annual Mileage||9,691||11,617|
Overall, the Tesla Model X is more expensive than average, with an MSRP that's a quarter more than the going rate for a new vehicle. While the average vehicle price in the U.S. is $46,296, the Model X comes in above that at $79,990.
Similarly, auto insurance prices are higher when compared to the rest of the vehicle market. Full coverage insurance for a Tesla Model X is around $467 per month more than average, while liability only coverage is more than $40 more a month.
When it comes to usage, Tesla Model X drivers are much lower than the national average in annual miles driven, with 9,691 miles every year compared to 11,617 for all vehicles.
Tesla Model X Car Insurance Costs by Model Year
So far, you've seen how different things have an impact on what you'll pay for insurance. But if you're thinking about buying a new vehicle and the Model X is one you're considering, knowing what you can expect to pay is extremely valuable as you weigh your options.
2021 Tesla Model X Car Insurance
|Liability Only Avg. Premium||$128|
|Full Coverage Avg. Premium||$636|
|Cheapest Insurance Company||Safeco - $36/mo.|
|Available Trims||MODEL X|
2021 Model X drivers can expect to pay an average of $128 per month for liability or $636 for full coverage.
Safeco offered the lowest policy we found, with rates sometimes as little as $36 monthly.
If you want to find the best premiums for car insurance for a 2021 Tesla Model X, enter your ZIP code below and compare a whole range of personalized quotes in just a few minutes.
2020 Tesla Model X Car Insurance
|Liability Only Avg. Premium||$97|
|Full Coverage Avg. Premium||$284|
|Cheapest Insurance Company||Mile Auto - $20/mo.|
|Available Trims||MODEL X|
The average cost to insure a 2020 Tesla Model X with liability only coverage is $97 per month, while full coverage runs about $284 monthly.
Looking for the cheapest policy? Mile Auto offered liability only coverage for as little as just $20 a month.
Want to know exactly how much you'll pay? Get multiple personalized quotes for free by just entering your ZIP code below.
2019 Tesla Model X Car Insurance
|Liability Only Avg. Premium||$74|
|Full Coverage Avg. Premium||$323|
|Cheapest Insurance Company||Clearcover - $47/mo.|
|Available Trims||MODEL X|
It costs around $74 monthly for liability or $323 for a full coverage policy for the 2019 Model X.
With prices as low as just $47 per month, Clearcover offered the most affordable policy we found for the 2019 Tesla Model X.
While these are good estimates of what the average driver might pay to insure a 2019 Tesla Model X, these rates might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.
2018 Tesla Model X Car Insurance
|Liability Only Avg. Premium||$91|
|Full Coverage Avg. Premium||$231|
|Cheapest Insurance Company||Infinity - $33/mo.|
|Available Trims||MODEL X|
You can expect full coverage for a 2018 Tesla Model X to run about $231 a month, while liability only coverage will average around $91 per month.
If you're looking for the cheapest possible 2018 Tesla Model X insurance policy, Infinity offered the lowest policy we found, with rates as cheap as just $33 a month.
If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.
2017 Tesla Model X Car Insurance
|Liability Only Avg. Premium||$78|
|Full Coverage Avg. Premium||$238|
|Cheapest Insurance Company||Mile Auto - $25/mo.|
|Available Trims||MODEL X|
On average, drivers who own a 2017 Model X can expect to pay $78 to $238 monthly for liability only and full coverage auto insurance, respectively.
We found Mile Auto offered the cheapest policy, with rates as little as $25 per month.
What will your car insurance premium be? Get lots of customized quotes for free by just entering your ZIP code below.
2016 Tesla Model X Car Insurance
|Liability Only Avg. Premium||$98|
|Full Coverage Avg. Premium||$253|
|Cheapest Insurance Company||Clearcover - $23/mo.|
|Available Trims||MODEL X|
It costs about $98 monthly for liability or $253 for a full coverage policy for the 2016 Tesla Model X.
With premiums as low as $23 a month, Clearcover offered the most affordable policy we found.
If you want to know just how much your price will be, get free quotes in minutes by just entering your ZIP code below.
Tesla Model X Insurance FAQs
Is a Tesla Model X expensive to insure?
Liability insurance runs an average of $91 per month, while full coverage will cost you around $261. The Tesla Model X is relatively expensive to insure compared to the average SUV.
How can I get the best price on car insurance for my Tesla Model X?
There's only one way to ensure you're getting the lowest rates -- checking prices regularly and comparing quotes from many companies. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from a whole bunch of carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) for free.
Does the color of my Tesla Model X affect my insurance premiums?
You've probably heard that it costs more to insure red cars than silver or white ones, but that's actually a myth. There are an array of variables insurance companies consider when they calculate your prices, but the color of your vehicle isn't one of them.
Do I need to have insurance before I buy a Tesla Model X?
Before you can legally drive your new (or new to you) Model X off the dealership lot, you'll need to have a car insurance policy in place. As part of the buying process, some dealerships might offer you an insurance policy, but the best thing to do when buying a a new SUV is to talk with your auto insurance carrier beforehand.
What car insurance discounts can I get for my Tesla Model X?
There are a whole range of different discounts out there when it comes to car insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are based less on your car and more on you, but if your Model X has safety features like anti-lock brakes, anti-theft systems, airbags, and other features, it may be eligible for certain discounts. The only way to find out is to reach out to your insurance company and ask about which discounts they offer, since they change quite a bit from carrier to carrier.