Is it expensive to insure a Tesla Model X?

A Tesla Model X is one of the most expensive vehicles to insure right now. As a high-end, tech-loaded vehicle with expensive components and specialized repair procedures, the Model X stands to cost insurers considerably more than other vehicles in the event of a covered loss. It's also associated with risks like speeding, theft and vandalism, all of which have the potential to raise insurance costs.

Who has the cheapest car insurance for Tesla?

According to Bankrate's research, Auto-Owners, AAA and Progressive are among the cheapest insurers on average for Tesla vehicles. However, each insurance quote is different — depending on the model you own and the other risk factors in your profile, you might be eligible for cheaper rates from another provider. Comparing personalized quotes is the best way to ensure that you're getting the most affordable rate.

Is the Tesla Model X considered luxury?

With a starting price of nearly $85,000, the Model X falls into the luxury crossover category. The base model comes with high-end features like gull-wing doors, a panoramic glass roof and a 22-speaker sound system.

Is Model X worth it over Model Y?

The Model X offers a few key advantages over its more-affordable Model Y sibling: more cargo space, a roomier third-row seating option and an overall plusher driving experience. However, the higher starting price and steep cost of Model X insurance may make the Model Y the more practical option for some drivers.

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Tesla Model X car insurance: cost and quotes

Written by

R.E. Hawley

Edited by

Jessa Claeys

Edited by

Jessa Claeys

Updated Apr 04, 2025

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How much does it cost to insure a Tesla Model X?

On average, Tesla Model X insurance costs $5,496 per year — 105 percent more than the average cost of car insurance for passenger vehicles. A high starting price combined with unique repair needs make the Model X expensive both to buy and to own.

$5,496 Avg annual full coverage
insurance premium

$819 Avg annual min coverage
insurance premium

Manufacturer's suggested retail price (MSRP): From $84,990

Trims available: Model X, Model X Plaid

Repair costs

The things that make the Model X unique — its signature gull-wing doors, high-end interior and exuberant speed — also make it expensive to repair. Insurers typically charge more for vehicles that require specialized technicians and parts.

Safety features

Tesla's Autopilot suite of driver assistance tech comes standard with every Model X and includes lane-keeping assistance, adaptive cruise control, blind spot warnings and forward collision mitigation. Upgrading to the Full Self-Driving package means added perks, but higher repair costs could add to your insurance bill.

Crash ratings

Ratings are currently unavailable. Neither the Insurance Institute for Highway Safety nor the National Highway Traffic Safety Administration have conducted crash tests with the Model X.

Cheapest car insurance companies for a Tesla Model X

Because insurance costs for the Tesla Model X are so steep, it's important to compare rates from a range of carriers before purchasing a policy. Every insurance company uses a different set of algorithms to price car insurance, and some may offer more favorable rates to Model X owners.

Keep in mind that non-vehicle rating factors — such as your location, coverage selections, age, credit history and driving record — can also influence what you'll pay to insure your Model X with various carriers.

How much does it cost to insure my Tesla Model X?

To give you a starting point when comparing quotes, Bankrate's insurance editorial team analyzed premium data from Quadrant Information Services and identified some of the cheapest major insurance providers for the Tesla Model X.

Tesla Model X car insurance premium by carrier


AAA	$2,741	- $2,755
Auto-Owners	$3,434	- $2,062
Progressive	$3,753	- $1,743
Nationwide	$3,909	- $1,587
Travelers	$4,162	- $1,334

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Other car insurance coverage for a Tesla Model X

The average rates provided in this article are for full coverage car insurance — a requirement if your Model X is financed, and a smart investment for many Tesla owners even if you own your vehicle outright. However, your car insurance options don't stop with full coverage. Consider adding some of the following endorsements to your policy:

Gap insurance: If your Model X is totaled while you still owe more on your auto loan than the totaled vehicle is worth, gap insurance can help to cover the difference.
Original equipment manufacturer (OEM) coverage: If you'd prefer to have your Tesla repaired with only OEM parts, you may want to look for a carrier offering this type of coverage.
Custom parts and equipment coverage: If you're planning to make aftermarket upgrades to your Model X, consider adding an endorsement to your policy to cover these new components.

How to get a Tesla Model X car insurance quote

You can get an insurance quote for your car online, over the phone or in person, depending on the insurer. If you're in the market for a new vehicle, comparing quotes before you sign on the dotted line can help you determine how different models would fit into your budget. Here’s a step-by-step guide to gathering and comparing quotes:

Gather personal details: You’ll likely be asked to provide your name, address, date of birth and driver’s license number, as well as the make, model and year of your car — and potentially the vehicle identification number (VIN). If you haven't purchased a car yet, you may be able to get sample quotes by providing an agent with the make and model.
Use online quote tools: To expedite the process of shopping around, you might consider using comparison websites or apps that allow you to get quotes from multiple insurers at once. Alternatively, go directly to insurance company websites and use their online quote tools to receive personalized quotes.
Provide driver details and mileage: You could be asked for specific details about your vehicle, including add-on features or modifications. You might also need to provide your average annual mileage and how the vehicle is primarily used (e.g., for business purposes or personal use). Additionally, you’ll need to provide accurate information about all drivers who will be covered by the policy, including their driving history, age and relationship to you.
Review quotes: Compare the quotes you receive, paying attention to coverage options, limits, deductibles and overall cost. Insurance experts also recommend reviewing customer service scores, financial strength ratings, digital tools and insurance reviews to get a holistic view of how a carrier will meet your needs.
Select carrier and apply: Choose the insurance policy that best fits your needs and budget. Complete the application process by providing any additional required information and making your first premium payment.

Compare Tesla Model X with other similar cars

Tesla Model X Avg annual full coverage premium $5,496 Read More	Ford Mustang Mach-E Avg annual full coverage premium $3,382 See more models	Hyundai Ioniq 5 Avg annual full coverage premium $2,974 See more models
Price (MSRP)
$84,990	$36,495	$42,600
NHTSA Safety rating The NHTSA uses a 5-star rating program to evaluate how vehicles perform in crash tests based on frontal, side and rollover collisions.
Not rated	5 stars	5 stars
Gas mileage
86 mpg	86 mpg	78 mpg
IIHS/HLDI Collision insurance losses The IIHS and HLDI collect data on how insurance losses for specific models compare to the average for all passenger vehicles. These results are adjusted for deductible and specifically for collision claim losses.
Substantially worse than average	Average	Substantially worse than average

Frequently asked questions

A Tesla Model X is one of the most expensive vehicles to insure right now. As a high-end, tech-loaded vehicle with expensive components and specialized repair procedures, the Model X stands to cost insurers considerably more than other vehicles in the event of a covered loss. It's also associated with risks like speeding, theft and vandalism, all of which have the potential to raise insurance costs.
According to Bankrate's research, Auto-Owners, AAA and Progressive are among the cheapest insurers on average for Tesla vehicles. However, each insurance quote is different — depending on the model you own and the other risk factors in your profile, you might be eligible for cheaper rates from another provider. Comparing personalized quotes is the best way to ensure that you're getting the most affordable rate.
With a starting price of nearly $85,000, the Model X falls into the luxury crossover category. The base model comes with high-end features like gull-wing doors, a panoramic glass roof and a 22-speaker sound system.
The Model X offers a few key advantages over its more-affordable Model Y sibling: more cargo space, a roomier third-row seating option and an overall plusher driving experience. However, the higher starting price and steep cost of Model X insurance may make the Model Y the more practical option for some drivers.

Bankrate utilizes Quadrant Information Services to analyze April 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:

40 year old

Single male and female driver

2023 Toyota Camry

Primary vehicle

Good credit score

Clean driving record

Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following driver characteristics:

Other profiles

Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
Rates were calculated by evaluating our base profile with the following differences in mileage: 2K, 5K, 12K (base), 15K and 20K.
Unless otherwise stated, rates are for 2023 vehicle models. For new vs used vehicles, we included the following year in our calculations: 2013.
Rates were calculated by evaluating our base profile with the ages 18-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
Rates were evaluated based on the following marital/family status: single (base), married, 40-year-old married man and woman. Marital status is not a rating factor in Hawaii and Massachusetts.