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 $2,242 a year, or $187 monthly. With the average midsize luxury SUV costing $2,104 a year to insure, the Tesla Model X could cost around $138 more per year, depending on coverage levels.

The chart below displays average car insurance rates for a 2023 Tesla Model X using a range of driver ages, deductible levels, and risk profiles.

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Chart Data Details: Average rates are for a 2023 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 August 12, 2023
Tesla Model X Insurance Cost Summary
2023 Tesla Model X Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$5,104$425
Safe Driver Age 20$4,470$373
At-fault Accidents Age 40$3,138$262
Low Deductibles Age 40$3,014$251
Safe Driver Age 30$2,386$199
Safe Driver Age 40$2,242$187
Safe Driver Age 50$2,038$170
Safe Driver Age 60$2,004$167
Discount Rate Age 40$1,862$155
High Deductibles Age 40$1,846$154

What is the cheapest Tesla Model X insurance?

The Long Range model of the 2023 Tesla Model X has the cheapest car insurance rates, costing an average of $162 less per year to insure than the Performance model. Average car insurance cost for the two models average $2,160 and $2,322, 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.

2023 Tesla Model X Insurance Cost by Trim Level
Tesla Model X Trim Level Annual Policy Six-Month Policy Per Month
Base AWD$2,160$1,080$180
Plaid AWD$2,322$1,161$194

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Table Data Details: Average rates are for a 2023 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 August 11, 2023
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 $622 more per year than the Lexus RX 350, $46 less than the BMW X5, $442 more than the Acura MDX, and $522 more than the Cadillac XT5.

The Tesla Model X ranks 26th out of 37 comparison vehicles in the midsize luxury SUV class. The Model X costs an estimated $2,242 per year to insure for full coverage, while the segment average cost is $2,104 annually, a difference of $138 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 37 models in the 2023 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 2023 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 August 12, 2023
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
1Lexus RX 350$1,620-$622
2Infiniti QX50$1,676-$566
3Cadillac XT5$1,720-$522
4Cadillac XT6$1,762-$480
5Acura MDX$1,800-$442
6Lincoln Nautilus$1,834-$408
7Lexus RX 350L$1,850-$392
8Land Rover Discovery Sport$1,854-$388
9Jaguar E-Pace$1,856-$386
10Volvo V90$1,886-$356
11Lexus RX 450h$1,908-$334
12Lexus GX 460$1,928-$314
13Lexus RX 450hL$1,938-$304
14Volvo V60$1,946-$296
15Genesis GV80$1,986-$256
16Mercedes-Benz AMG GLB35$1,988-$254
17Audi SQ5$1,990-$252
18Lincoln Aviator$2,008-$234
19Infiniti QX60$2,026-$216
20Mercedes-Benz GLE450$2,042-$200
21Mercedes-Benz GLE350$2,066-$176
22Land Rover Discovery$2,074-$168
23Mercedes-Benz AMG GLC43$2,110-$132
24Audi Q7$2,158-$84
25Audi e-tron$2,232-$10
26Tesla Model X$2,242--
27Mercedes-Benz AMG GLE53$2,248$6
28BMW X5$2,288$46
29Audi Q8$2,298$56
30Land Rover Range Rover Sport$2,312$70
31Audi SQ7$2,426$184
32BMW iX$2,458$216
33BMW X6$2,508$266
34Porsche Cayenne$2,528$286
35Mercedes-Benz AMG GLE63$2,650$408
36Audi RS 6$2,694$452
37BMW XM$2,948$706

Tesla Model X insurance rates for 2016 to 2023 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 2023 model years.

Tesla Model X Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Tesla Model X$4,470$2,242$2,004
2022 Tesla Model X$4,562$2,288$2,044
2021 Tesla Model X$4,550$2,284$2,036
2020 Tesla Model X$4,486$2,250$2,008
2019 Tesla Model X$4,192$2,108$1,880
2018 Tesla Model X$4,246$2,148$1,912
2017 Tesla Model X$4,084$2,070$1,840
2016 Tesla Model X$3,652$1,854$1,654

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 August 12, 2023
Tesla Model X Insurance Cost by Model Year