Tesla Model X has been one of the most popular car options for a while now. However, the insurance cost is one aspect where people often get confused, and a bit worried too. And, it’s completely understandable.
Tesla Model X insurance cost has always been the talk of the town, but you are all set to get some massive clarity here. The average cost for Tesla Model X is $2064 for a year and $172 for a month.
The average midsize SUV insurance costs around $1835 for a year. Hence, the average Tesla Model X insurance is a$192 more when compared.
The long-range model of Tesla Model X costs around $58 less as compared to the performance model. The average insurance cost of the long-range model is $2034 while the performance model costs $2092. While the 6-month policy of the long-range model costs you $1017 and that of the performance model costs you $1046.
Of course, Tesla car models always cost more when it comes to insurance. More repair costs are the primary reasons for the same. Also, the carrier you select to go with decides the Tesla Model X insurance cost to a good extent.
|Driver Age||Insurance Cost|
|High Risk Driver Age30||$4,688|
|Safe driver age 20||$4,108|
|At fault accident age 40||$2,884|
|low deductibles age 40||$2,784|
|Safe driver age 30||$2,200|
|Safe driver age 40||$2,064|
|Safe driver age 50||$1,876|
|Safe driver age 60||$1,844|
|High deductibles age 40||$1,694|
|Discount rate age 40||$1,714|
Young drivers pay more for car insurance. Driving experience and driving habits play an important role here. As you age and gain driving experience, the average insurance cost for Tesla Model X keeps on decreasing.
Let’s check out the Tesla Model X insurance cost for 16-to-25-year-olds drivers below.
|Age||Average Annual Rates|
If you notice things here, as you age, the premium cost for you keeps on decreasing. Of course, along with the age, your driving habits play an important role. The number of collisions and violations might change the premium cost for you.
Now, this question often troubles car owners’ minds. Well, yes, as expensive as the Tesla Model X is, the cost to insure the same is also a bit high.
Let’s discuss the comparison here. The Tesla Model X car insurance cost is $494 more than the Lexus RS 350, a fierce competitor. While as compared to BMW X5, the cost of Tesla Model X car insurance is around $120 more. When compared to Audi Q7, the average cost of Tesla Model X car insurance is around $65 more. The difference between the Tesla Model X car insurance cost and the Cardillac XT5 insurance cost is $500, with Tesla Model X being on the expensive side.
Tesla Model X car model ranks 29 out of 36 SUV vehicles. Yes, Tesla is expensive, and so is car insurance. The probable high repair costs along with the expensive car parts are the significant reasons for the same.
However, if you own a Tesla model, and you are looking to insure your car, paying this amount is absolutely worth it. Regarding the expense factor, if you really desire to safeguard your expensive car, investing this amount is absolutely worth it.
Also, the aspects like the safety features of the car, along with the probability of heavy repairs in case, any unfortunate accident occurs play an important role that makes the insurance cost of Tesla Model X a bit expensive.
So, what are the factors impacting the cost of your Tesla Model X insurance? Well, checkout the answers below.
The more you are right with the above-listed factors, the less premium you pay to get your car insured. There are numerous factors taken into consideration, but the above-listed are the major ones. They will largely give shape to your insurance rates along with future premiums.
Firstly, is there any way to save money on Tesla Model X car insurance? Yes, there is. How? Explore the same below.
Saving your insurance rates would be easy for you now. Just keep the above things in your mind, and you would be saving a precious few bucks on your vehicle’s insurance. In case, you face any confusion or issues while exploring car insurance options, you can consult experts, and get an idea of the correct ways to save money on your Tesla Model X car insurance.
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