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Tesla Model X Insurance Cost

You have many choices when finding cheaper insurance coverage on your Tesla vehicle. You can buy from an insurance agent or get quotes online to compare insurance costs of lots of different providers. Comparing auto insurance through online providers saves time, is easy to do, in addition you may find lower rates.

Using the web to shop for auto insurance direct can be complicated if you are a beginner to online rate quotes. But don't let that discourage you because we're going to show you how. Finding cheaper coverage prices is surprisingly easy. All you need to do is take the time to compare quotes online from several insurance companies. This can be done by getting a quick quote here.

Criteria which help determine Model X insurance quotes

Insurance premiums for a Tesla Model X will vary greatly and are calculated by many factors. A few of these criteria are:

  • High performance increases premiums
  • Your accident history
  • Home and auto can earn discounts
  • Use of your vehicle
  • Your birth date
  • Being married may save money
  • Optional coverages like vehicle replacement
  • Whether or not you have claims
  • Maintaining coverage lowers rates
  • Owning a home can lower rates

One important consideration that can impact your rates is the age of the vehicle. Models that are new have a higher value compared to older Tesla models so the costs to repair will push premiums up. But newer vehicles have more advanced features including forward-collision avoidance, a telematics system, tire pressure monitors, and autonomous braking so those may help offset higher rates.

To get more specific information about how much rates will be for your vehicle, select the year of your Model X from the following list.

Liability auto insurance

This can cover injuries or damage you cause to other people or property. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. It is cheap coverage so buy as much as you can afford.

Collision protection

This coverage covers damage to your Tesla caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company. Model X collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage provides protection when the "other guys" either are underinsured or have no liability coverage at all. Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for bills like ambulance fees, surgery, and doctor visits. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. PIP coverage is not an option in every state and may carry a deductible.

How Much are Tesla Model X Insurance Rates?