The cheapest full coverage car insurance for a Tesla Model X costs $1,790 per year with Auto-Owners. A 16-year-old driver may pay as much as $13,329. Rates depend on the model year, driver’s age, location, driving history, coverage level and insurer. MoneyGeek analyzes Tesla Model X insurance costs, coverage options and the most affordable providers.
Tesla Model X Insurance Cost
Updated: April 11, 2025
Key Takeaways
State Farm offers the most affordable annual rate of $500 for minimum coverage across all Tesla X model years.
For a Tesla Model X, the average annual cost of minimum coverage is $788, while full coverage costs $2,983.
MoneyGeek analyzed data and 2,092 quotes for a Tesla Model X from Quadrant Information Services to provide these insights.
Tesla Model X Insurance Rates
What Is the Average Tesla Model X Car Insurance Cost?
The average cost of full coverage insurance for a Tesla Model X is $249 per month or $2,983 per year, based on a 40-year-old male driver with a clean record. Minimum coverage averages $66 per month or $788 annually.
| Minimum Coverage | $788 |
| Full Coverage | $2,983 |
Tesla Model X Insurance Costs by Company
Tesla Model X insurance costs range from $1,709 to $6,853 per year, depending on age, model year and coverage level. The table below compares average Tesla Model X insurance rates with the averages for all vehicles from several national and midsize providers.
| Allstate | $4,337 | $1,795 | 142% |
| Auto-Owners | $1,709 | $1,223 | 40% |
| Farmers | $4,484 | $1,940 | 131% |
| GEICO | $2,675 | $1,324 | 102% |
| Kemper | $6,853 | $2,184 | 214% |
| Nationwide | $2,768 | $1,580 | 75% |
| Progressive | $2,571 | $1,737 | 48% |
| State Farm | $1,933 | $1,264 | 53% |
| Travelers | $2,481 | $1,515 | 64% |
| USAA | $1,891 | $1,195 | 58% |
Read more: Best Car Insurance Companies
Cost of Insuring a Tesla Model X by Model Year
The year your Tesla Model X was produced affects your insurance rates, with older models often costing less. For example, full coverage for a 2017 model costs around $2,757 annually, while it's $3,121 for a 2021 model. Below are the average full and minimum coverage rates for each production year.
| 2022 | $728 | $3,014 |
| 2021 | $762 | $3,121 |
| 2020 | $834 | $3,075 |
| 2019 | $906 | $3,045 |
| 2018 | $909 | $3,018 |
| 2017 | $758 | $2,757 |
| 2016 | $744 | $2,904 |
Tesla Model X Insurance Costs by Driver Age
Tesla Model X insurance rates vary widely depending on the driver's age. For example, 40-year-olds pay around $2,991 annually for full coverage, while 16-year-olds face a steep $13,329. Below are the average minimum and full coverage rates for drivers of various ages.
| 16 | $3,850 | $13,329 |
| 17 | $3,099 | $10,698 |
| 18 | $2,763 | $9,443 |
| 19 | $1,977 | $6,791 |
| 20 | $1,783 | $6,183 |
| 21 | $1,351 | $4,936 |
| 22 | $1,234 | $4,570 |
| 23 | $1,145 | $4,268 |
| 24 | $1,086 | $4,062 |
| 25 | $962 | $3,604 |
| 26 | $927 | $3,505 |
| 27 | $902 | $3,419 |
| 28 | $887 | $3,362 |
| 29 | $872 | $3,312 |
| 30 | $844 | $3,189 |
| 35 | $814 | $3,058 |
| 40 | $806 | $2,991 |
| 45 | $800 | $2,944 |
| 50 | $775 | $2,849 |
| 55 | $751 | $2,768 |
| 60 | $748 | $2,765 |
| 65 | $819 | $2,806 |
| 70 | $888 | $2,989 |
| 75 | $993 | $3,283 |
| 80 | $1,122 | $3,612 |
| 85 | $1,209 | $3,876 |
| 90 | $1,280 | $4,059 |
Tesla Model X Insurance Rates Explained
Several factors affect car insurance rates based on a driver’s profile. Insurers also consider the vehicle itself. Below is a breakdown of how your car impacts insurance costs.
Tesla Model X Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296Tesla Model X
Average Full Coverage Rate
$2,983Premiums for Tesla Model X are:$1,687 more
This is 130% more expensive.
Value
The Tesla Model X, a luxury electric car with a $96,630 MSRP, has higher insurance costs due to expensive repairs and replacement.
Performance
With 670 to 1,020 horsepower and a 0-to-60 time of 4.4 seconds, the Tesla Model X is a high-performance vehicle. Insurers link high performance to higher risk, raising insurance costs.
Fuel type
Electric cars like the Tesla Model X typically cost more to insure, with premiums often higher due to expensive battery replacements and limited repair shops.
Vehicle age
Newer Tesla Model Xs are generally more expensive to insure than older models. However, collector and classic vehicles can also have high insurance costs.
Safety features
Safety features like stability control, airbags and antilock brakes can lower insurance costs. The Tesla Model X’s 5-star NHTSA rating also reduces accident risk.
Vehicle size
Larger vehicles often have higher insurance costs due to potential property damage. Weighing 5,248 lbs, the Tesla Model X may cost more to insure than smaller cars.
Trim level
Higher trims come with premium upgrades, increasing the MSRP and insurance costs. A Tesla Model X Plaid costs more to insure than the base model.
Theft rates
Cars with higher theft risk cost more to insure. The Tesla Model X’s theft relative claims frequency of 8 may increase its rates.
Cheapest Tesla Model X Insurance
State Farm offers the Tesla Model X's cheapest minimum coverage rate of $500 per year, based on a 40-year-old male with a clean driving record. Below is a breakdown of the most affordable car insurance for various coverage levels, age groups, driving records, model years and more.
Cheapest Tesla Model X Insurance by Coverage Level
The coverage level you select significantly impacts your Tesla Model X insurance rate. State Farm offers the lowest average minimum and full coverage rates. Below is a breakdown of the cheapest providers for each type.
Cheapest Tesla Model X Minimum Coverage
State Farm offers the cheapest minimum coverage for a Tesla Model X at $42 per month, followed by Allstate at $47, GEICO at $48 and Travelers at $55.
| USAA | $40 | $475 |
| State Farm | $42 | $500 |
| Allstate | $47 | $558 |
| GEICO | $48 | $576 |
| Travelers | $55 | $665 |
| Progressive | $65 | $784 |
| Farmers | $106 | $1,269 |
| Nationwide | $117 | $1,406 |
*State Farm offers non-military-affiliated Tesla Model X owners the lowest average minimum coverage insurance rate. USAA is the most affordable option for military-affiliated drivers.
Best Tesla Model X Insurance Rates by Model Year
The above list doesn't consider the model year, meaning lower rates may be available based on your vehicle's age. Filter the table below to find the cheapest minimum coverage rates for every Tesla Model X production year.
Data filtered by:Results filtered by:
Select
Model Year:2016
| Allstate | $534 | $45 |
| Farmers | $1,295 | $108 |
| GEICO | $567 | $47 |
| Nationwide | $657 | $55 |
| Progressive | $796 | $66 |
| State Farm | $479 | $40 |
| Travelers | $684 | $57 |
| USAA | $469 | $39 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage Tesla Model X Insurance
State Farm offers the cheapest full coverage for a Tesla Model X at $154 monthly or $1,851 annually. Explore the complete list full coverage insurance providers and rates below.
| USAA | $149 | $1,790 |
| State Farm | $154 | $1,851 |
| Travelers | $203 | $2,431 |
| Progressive | $207 | $2,488 |
| GEICO | $210 | $2,519 |
| Nationwide | $217 | $2,609 |
| Allstate | $340 | $4,076 |
| Farmers | $347 | $4,160 |
*On average, State Farm is the cheapest insurer for non-military-affiliated Tesla Model X owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest Tesla Model X Insurance by Age
Younger drivers aged 16 to 25 and seniors over 55 often face higher insurance rates for their Tesla Model X. Finding the lowest rate is crucial for these groups. Below is a breakdown of the cheapest options by age.
Cheapest Tesla Model X Insurance for Young Drivers
State Farm offers the cheapest auto insurance for Tesla drivers, starting at $92 monthly or $1,102 annually for minimum coverage. Below is the complete list of affordable rates for Tesla Model X drivers aged 16 to 25.
| USAA | $83 | $996 |
| State Farm | $92 | $1,102 |
| Allstate | $103 | $1,239 |
| GEICO | $115 | $1,379 |
| Travelers | $117 | $1,401 |
| Progressive | $193 | $2,316 |
| Farmers | $293 | $3,510 |
| Nationwide | $334 | $4,002 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest Tesla Model X Insurance for Seniors
State Farm offers the cheapest car insurance for seniors aged 55 and up at $46 monthly or $551 annually. See the full list of affordable Tesla Model X insurers below.
| State Farm | $46 | $551 |
| USAA | $53 | $632 |
| Allstate | $55 | $665 |
| GEICO | $57 | $685 |
| Travelers | $66 | $796 |
| Progressive | $80 | $958 |
| Nationwide | $139 | $1,665 |
| Farmers | $150 | $1,804 |
Cheapest Tesla Model X Insurance After an Accident
State Farm, Allstate and GEICO offer Tesla Model X drivers the cheapest car insurance after an accident. See the complete list below.
| State Farm | $52 | $629 |
| USAA | $60 | $726 |
| Allstate | $61 | $737 |
| GEICO | $76 | $915 |
| Travelers | $81 | $969 |
| Progressive | $109 | $1,306 |
| Nationwide | $189 | $2,265 |
| Farmers | $242 | $2,899 |
Tesla Model X Insurance Cost: Bottom Line
Compare car insurance rates from different providers to find the best deal. This article covers Tesla Model X insurance costs across demographics and highlights the cheapest options.
Tesla Model X Insurance Rates: FAQ
Below are answers to common questions about the costs of insuring a Tesla Model X to help you understand potential expenses.
What company has the cheapest car insurance for a Tesla Model X?
State Farm is the cheapest insurance provider for a Tesla Model X, with an annual minimum coverage rate of $500.
What is the average cost of car insurance for a Tesla Model X?
The Tesla Model X's average annual insurance cost is $788 for minimum coverage and $2,983 for full coverage.
Tesla Model X Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 2,092 Tesla Model X insurance quotes from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Tesla Model X:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine Tesla Model X insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your Tesla Model X.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis includes average full coverage policy rates with comprehensive and collision coverage (with a $1,000 deductible) and increased liability limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.