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Tesla Model X Insurance Rates

Comparing auto insurance through online providers saves time, is easy to do and at the same time you might just save a little. The key to finding lower rates is to take the time to get rates from all providers in order to accurately compare all your choices.

Using the web to shop for auto insurance direct is challenging if you are a beginner to online quotes. But relax because comparing prices is actually very simple. Getting cheaper insurance rates is surprisingly easy. The only requirement is to invest a few minutes to get quotes online from several insurance companies. This can be done by getting a quick quote here.

What factors determine your insurance rates?

Auto insurance rates paid to insure a Tesla Model X can vary widely and are calculated by many factors. Taken into consideration are:

  • Tickets increase premiums
  • Credit rating
  • Your location impacts rates
  • Annual mileage can affect rates
  • Male drivers pay higher rates
  • The deductible you choose
  • Your vehicle's safety rating
  • Claims drive up premiums
  • Maintaining coverage lowers rates
  • Whether you rent or own your home

A final factor that can impact Model X insurance rates is the model year. Models that are new have a higher value in comparison to later models so the costs to repair can inflate annual premiums. But new Tesla models may have a trim level with safety features including active head restraints, automatic crash notification, blind-spot warning system, and adaptive cruise control which can help offset higher rates.

To get more specific information about how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Liability auto insurance

This provides protection from damages or injuries you inflict on a person or their property. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so consider buying higher limits if possible.

Auto collision coverage

This coverage pays to fix your vehicle from damage from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

This covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by your Tesla Model X comprehensive insurance. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This provides protection when the "other guys" either have no liability insurance or not enough. Because many people carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. PIP coverage is not universally available and may carry a deductible.

How Much are Tesla Model X Insurance Rates?