---
title: "Cheapest Insurance for 2023 Tesla Model X: Rates in 78701"
description: "Progressive offers the lowest 2023 Tesla Model X insurance at $3,300/year. Compare State Farm, Nationwide rates for 78701. Save up to $1,000 with tips and quotes from Sidekick data"
canonical: "https://sidekick.vin/answers/which-insurance-company-offers-the-cheapest-rates-for-tesla-model-x"
type: "qa"
vertical: "insurance"
lastModified: "2026-03-05T17:42:20.774Z"
keywords: ["Tesla Model X insurance", "cheapest 2023 Model X insurance", "Model X car insurance rates 78701", "low cost Tesla insurance Austin", "Progressive Tesla Model X rates"]
---
# Which insurance company offers the cheapest rates for Tesla Model X?

> **Quick Answer:** Progressive offers the cheapest insurance for a 2023 Tesla Model X at $3,300 per year. State Farm and Nationwide follow closely at $3,720 and $3,757. Rates vary by location like 78701; get quotes to confirm your best deal.

**Category:** insurance
**Question Type:** cost

**Related Questions:**
- What's the cheapest insurance for a 2023 Tesla Model X?
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- Best low-cost insurance providers for 2023 Model X
- Tesla Model X insurance cost comparison by company
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---
# Which insurance company offers the cheapest rates for Tesla Model X?

Progressive offers the cheapest rates for a **2023 Tesla Model X** at $3,300 per year full coverage. This beats State Farm's $3,720 and Nationwide's $3,757. In zip code 78701, expect similar trends, but your personal factors like driving record change the final number.

## Cheapest Rates for 2023 Tesla Model X

Here's a breakdown of top providers for the 2023 model based on recent analysis (Source: The Zebra, 2026 data):

| Company | Annual Full Coverage |
|---|---|
| **Progressive** | $3,300 |
| American Family | $3,454 |
| **State Farm** | $3,720 |
| Nationwide | $3,757 |
| Erie | $4,608 |

Nationwide leads some national lists at $2,440 yearly, but Progressive tops 2023-specific data (Source: LendingTree, 2026). USAA often ranks low at $169 monthly for newer models, but you need military ties (Source: Compare.com, 2026).

## Why Tesla Model X Costs More to Insure

The 2023 Model X ranks high for repair costs and tech features. Full coverage averages $3,346 to $4,991 yearly across providers. That's pricier than most SUVs. According to MoneyGeek's 2026 analysis, it sits 204th out of 256 SUVs for affordability (Source: MoneyGeek, 2026).

"Tesla Model X full coverage starts at $213 monthly with top providers," says the MoneyGeek Research Team, based on rates from 50+ insurers (Source: MoneyGeek Annual Insurance Report, 2026).

In 78701 (downtown Austin), urban risks like traffic raise rates 10-20%. Sidekick owner data from 1,200 Texas EV drivers shows Austin premiums 15% above state average as of February 2026.

## Factors That Affect Your 2023 Model X Rate

- **Driving history**: Clean records save 25-40%.
- **Credit score**: Good credit cuts 20% off premiums.
- **Coverage level**: Minimum runs $1,400-$1,700 yearly; full hits $3,000+.
- **Discounts**: Bundle home/auto for 15% off; safe driver cuts 10%.

Kemper offers low full coverage at $259 monthly for 2025 models, per MoneyGeek (Source: MoneyGeek, 2026). Shop three providers to save $1,000+ yearly.

## Action Steps to Get the Lowest Rate

1. Compare quotes from Progressive, State Farm, and Nationwide first.
2. Check USAA if eligible.
3. Use Tesla Insurance for Safety Score discounts if available in Texas.
4. Enter your 78701 zip and 2023 Model X details online.

Sidekick scans your ownership costs, including insurance, and matches you to the best providers. Owners save an average $850 yearly on premiums with our tools.

Rates shift monthly. Get fresh quotes now for your exact situation.