- Tesla Model X insurance rates average $2,944 per year, or around $245 per month, depending on driver age and location.
- Drivers can find the cheapest Tesla Model X insurance on the base AWD trim level at $2,846 per year. The Model X Plaid AWD has the highest rates at $3,040 per year.
- The Model X ranks 29th out of 41 vehicles in the midsize luxury SUV class for insurance affordability.
How much does Tesla Model X insurance cost?
Tesla Model X insurance costs on average $2,944 a year, or $245 monthly. With the average midsize luxury SUV costing $2,782 a year to insure, the Tesla Model X could cost around $162 more per year, depending on coverage levels.
The chart below displays average car insurance rates for a 2024 Tesla Model X using a range of driver ages, deductible levels, and risk profiles.
What is the cheapest Tesla Model X insurance?
The Long Range model of the 2024 Tesla Model X has the cheapest car insurance rates, costing an average of $194 less per year to insure than the Performance model. Average car insurance cost for the two models average $2,846 and $3,040, respectively.
Semi-annual and monthly car insurance rate averages for the Model X are shown in the table below, along with the annual policy cost.
| 2024 Tesla Model X Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Base AWD | $2,846 | $237 |
| Plaid AWD | $3,040 | $253 |
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. Updated June 27, 2025
Is Tesla Model X car insurance expensive?
When compared to popular vehicles in the midsize luxury SUV segment, car insurance rates for a Tesla Model X cost $594 more per year than the Lexus RX 350, $48 less than the BMW X5, $602 more than the Acura MDX, and $734 more than the Cadillac XT5.
The Tesla Model X ranks 29th out of 41 comparison vehicles in the midsize luxury SUV class. The Model X costs an estimated $2,944 per year to insure for full coverage, while the segment average cost is $2,782 annually, a difference of $162 per year.
The chart below shows how average Tesla Model X car insurance rates compare to the top 10 best-selling midsize luxury SUVs. A complete table comparing insurance cost for the Model X to all 41 models in the 2024 midsize luxury SUV category in also included following the chart.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Jaguar E-Pace | $2,190 | -$754 |
| 2 | Cadillac XT5 | $2,210 | -$734 |
| 3 | Infiniti QX50 | $2,276 | -$668 |
| 4 | Cadillac XT6 | $2,292 | -$652 |
| 5 | Infiniti QX60 | $2,304 | -$640 |
| 6 | Mercedes-Benz AMG GLB35 | $2,308 | -$636 |
| 7 | Acura MDX | $2,342 | -$602 |
| 8 | Lexus RX 350 | $2,350 | -$594 |
| 9 | Lexus TX 350 | $2,380 | -$564 |
| 10 | Lexus RX 350h | $2,410 | -$534 |
| 11 | Lexus TX 500h | $2,446 | -$498 |
| 12 | Lexus RX 500h | $2,454 | -$490 |
| 13 | Lincoln Nautilus | $2,472 | -$472 |
| 14 | Lexus RX 450h | $2,476 | -$468 |
| 15 | Volvo V90 | $2,496 | -$448 |
| 16 | Audi SQ5 | $2,584 | -$360 |
| 17 | Mercedes-Benz GLE350 | $2,616 | -$328 |
| 18 | Lincoln Aviator | $2,636 | -$308 |
| 19 | Lexus GX 550 | $2,664 | -$280 |
| 20 | Volvo V60 | $2,742 | -$202 |
| 21 | Land Rover Discovery Sport | $2,746 | -$198 |
| 22 | Mercedes-Benz GLE450 | $2,758 | -$186 |
| 23 | Cadillac Lyriq | $2,784 | -$160 |
| 24 | Volvo EX90 | $2,806 | -$138 |
| 25 | Audi Q7 | $2,842 | -$102 |
| 26 | Genesis GV80 | $2,854 | -$90 |
| 27 | Mercedes-Benz AMG GLC43 | $2,868 | -$76 |
| 28 | Audi e-tron | $2,920 | -$24 |
| 29 | Tesla Model X | $2,944 | -- |
| 30 | BMW X5 | $2,992 | $48 |
| 31 | Audi Q8 | $3,012 | $68 |
| 32 | Land Rover Discovery | $3,026 | $82 |
| 33 | Mercedes-Benz AMG GLE53 | $3,046 | $102 |
| 34 | Audi SQ7 | $3,148 | $204 |
| 35 | BMW iX | $3,192 | $248 |
| 36 | BMW X6 | $3,272 | $328 |
| 37 | Land Rover Range Rover Sport | $3,410 | $466 |
| 38 | Audi RS 6 | $3,482 | $538 |
| 39 | Porsche Cayenne | $3,506 | $562 |
| 40 | BMW XM | $3,844 | $900 |
| 41 | Mercedes-Benz AMG GLE63 | $3,948 | $1,004 |
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 vehicle from the 2024 model year. Updated June 27, 2025
Tesla Model X insurance rates for 2016 to 2024 models
The next table details estimated full coverage auto insurance policy costs for a Tesla Model X for a range of driver ages, from the 2016 to 2024 model years.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 Tesla Model X | $5,774 | $2,944 | $2,420 |
| 2023 Tesla Model X | $5,696 | $2,826 | $2,330 |
| 2022 Tesla Model X | $5,834 | $2,892 | $2,382 |
| 2021 Tesla Model X | $5,820 | $2,888 | $2,384 |
| 2020 Tesla Model X | $5,632 | $2,796 | $2,306 |
| 2019 Tesla Model X | $5,242 | $2,604 | $2,152 |
| 2018 Tesla Model X | $5,186 | $2,610 | $2,156 |
| 2017 Tesla Model X | $5,004 | $2,520 | $2,082 |
| 2016 Tesla Model X | $4,344 | $2,208 | $1,826 |
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 Tesla Model X trim levels for each model year. Updated June 27, 2025
