How Much Does Tesla Model X Insurance Cost?

How much does Model X insurance cost? We tallied insurance rates for the luxury Tesla SUV to see how cost average car insurance prices compared to other midsize luxury SUVs.

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How much does Tesla Model X insurance cost?

Tesla Model X insurance costs on average $2,064 a year, or $172 monthly. With the average midsize luxury SUV costing $1,843 a year to insure, the Tesla Model X could cost around $221 more per year, depending on coverage levels.

The chart below displays average car insurance rates for a 2022 Tesla Model X using a range of driver ages, deductible levels, and risk profiles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Tesla Model X with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Tesla Model X trim levels.Data last updated on November 15, 2022
Tesla Model X Insurance Cost Summary
Tesla Model X Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,688$391
Safe Driver Age 20$4,108$342
At-fault Accidents Age 40$2,884$240
Low Deductibles Age 40$2,784$232
Safe Driver Age 30$2,200$183
Safe Driver Age 40$2,064$172
Safe Driver Age 50$1,876$156
Safe Driver Age 60$1,844$154
Discount Rate Age 40$1,714$143
High Deductibles Age 40$1,694$141

What is the cheapest Tesla Model X insurance?

The Long Range model of the 2022 Tesla Model X has the cheapest car insurance rates, costing an average of $58 less per year to insure than the Performance model. Average car insurance cost for the two models average $2,034 and $2,092, 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.

2022 Tesla Model X Insurance Cost by Trim Level
Tesla Model X Trim Level Annual Policy 6-month Policy Per Month
AWD$2,034$1,017$170
Plaid AWD$2,092$1,046$174

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Table Data Details: Average rates are for a 2022 Tesla Model X, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 15, 2022
Tesla Model X Insurance Cost by Trim Level

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 $494 more per year than the Lexus RX 350, $126 more than the BMW X5, $486 more than the Acura MDX, and $564 more than the Cadillac XT5.

The Tesla Model X ranks #29 out of 36 comparison vehicles in the midsize luxury SUV class. The Model X costs an estimated $2,064 per year to insure for full coverage, while the segment average cost is $1,843 annually, a difference of $221 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 36 models in the 2022 midsize luxury SUV category in also included following the chart.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Tesla Model X, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Tesla Model X trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 15, 2022
Insurance Cost Comparison: Tesla Model X vs Top 10 Midsize Luxury SUVs
Tesla Model X Insurance Cost Compared to All Midsize Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Cadillac XT5$1,500-$564
2Jaguar E-Pace$1,564-$500
3Lexus RX 350$1,570-$494
4Acura MDX$1,578-$486
5Lincoln Nautilus$1,594-$470
6Lexus RX 450h$1,608-$456
7Infiniti QX50$1,614-$450
8Lexus RX 350L$1,628-$436
9Cadillac XT6$1,640-$424
10Volvo V60$1,648-$416
11Land Rover Discovery$1,660-$404
12Land Rover Discovery Sport$1,662-$402
13Lexus RX 450hL$1,676-$388
14Volvo V90$1,688-$376
15Lincoln Aviator$1,720-$344
16Mercedes-Benz AMG GLB35$1,740-$324
17Mercedes-Benz GLE450$1,744-$320
18Lexus GX 460$1,766-$298
19Infiniti QX60$1,774-$290
20Mercedes-Benz GLE350$1,784-$280
21Genesis GV80$1,818-$246
22Mercedes-Benz AMG GLC43$1,846-$218
23Audi SQ5$1,874-$190
24BMW X5$1,938-$126
25Audi Q8$1,966-$98
26Audi Q7$1,998-$66
27Land Rover Range Rover Sport$2,020-$44
28BMW iX$2,034-$30
29Tesla Model X$2,064--
30Audi SQ7$2,124$60
31Audi e-tron$2,144$80
32Mercedes-Benz AMG GLE53$2,150$86
33BMW X6$2,200$136
34Mercedes-Benz AMG GLE63$2,292$228
35Porsche Cayenne$2,314$250
36Audi RS 6$2,390$326

Tesla Model X insurance rates for 2016 to 2022 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 2022 model years.

Tesla Model X Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2022 Tesla Model X$4,108$2,064$1,844
2021 Tesla Model X$4,066$2,042$1,824
2020 Tesla Model X$3,984$2,000$1,786
2019 Tesla Model X$3,778$1,898$1,694
2018 Tesla Model X$3,826$1,938$1,728
2017 Tesla Model X$3,744$1,890$1,686
2016 Tesla Model X$3,326$1,692$1,506

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 15, 2022
Tesla Model X Insurance Cost by Model Year