2020 Tesla Model X Car Insurance Calculator

Learn and understand how life choices impact the cost of insurance for a 2020 Tesla Model X. Update factors like policy coverages, liability limits, and deductibles to see how each affects your premiums. Instantly discover if your changes have a favorable or unfavorable effect on the rates.

The average estimated car insurance premium for a 2020 Tesla Model X is $2,796 per year, or about $233 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,796

Cost Per Month

$233

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Tesla Model X Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2020 Tesla Model X.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,796
Average Rate
Your Rate
$2,796

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2020 Tesla Model X trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2020 Tesla Model X is $2,796.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2020 Tesla Model X Segment Comparison

The table below compares insurance rates for the 2020 Tesla Model X against all other models in the midsize luxury SUV segment. The Tesla Model X is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Tesla Model X, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Tesla Model X.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2020 Tesla Model X Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Volvo V60$1,942-$854
2Cadillac XT5$1,984-$812
3Lincoln Nautilus$2,044-$752
4Lexus RX 350$2,076-$720
5Infiniti QX50$2,088-$708
6Jaguar E-Pace$2,098-$698
7Lexus RX 350L$2,138-$658
8Cadillac XT6$2,160-$636
9Acura MDX$2,180-$616
10Mercedes-Benz GLE450$2,230-$566
11Lincoln Aviator$2,252-$544
12Volvo V90$2,270-$526
13Infiniti QX60$2,308-$488
14Land Rover Discovery Sport$2,318-$478
15Lexus GX 460$2,352-$444
2020 Midsize Luxury SUV Average$2,368-$428
16Mercedes-Benz AMG GLC43$2,410-$386
17Land Rover Discovery$2,418-$378
18Audi SQ5$2,428-$368
19Mercedes-Benz GLE350$2,440-$356
20Lexus RX 450$2,460-$336
21Audi Q8$2,472-$324
22BMW X5$2,476-$320
23Audi Q7$2,556-$240
24Mercedes-Benz AMG GLC63$2,564-$232
25Audi e-tron$2,646-$150
26BMW X6$2,704-$92
27Tesla Model X$2,796--
28Porsche Cayenne$2,864$68
29Mercedes-Benz AMG GLE63$2,990$194

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2020 Model X Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2020 Tesla Model X.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2020 Tesla Model X Insurance Rates by Trim Level
2020 Tesla Model X Trim Level Annual Premium Cost Per Month
Long Range AWD$2,724$227
Performance AWD$2,868$239

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2020 Tesla Model X for different driver ages.

2020 Tesla Model X Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,841$820
17$9,581$798
18$8,673$723
19$7,863$655
20$6,046$504
21$5,769$481
22$5,180$432
23$4,225$352
24$4,003$334
25$3,254$271
30$2,990$249
35$2,868$239
40$2,796$233
45$2,606$217
50$2,464$205
55$2,300$192
60$2,306$192
65$2,462$205
70$2,642$220
75$3,086$257
80$3,800$317

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Tesla Model X trim levels.