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Key Takeaways
- SUV insurance typically costs around $1,428 or $119 per year on average.
- Ford Escape and Honda CR-V are the cheapest SUVs to insure, with an average annual rate of $1,320. At $1,500 per year, the Ford Explorer and Jeep Grand Cherokee are the costliest models.
- The cheapest insurance rates for SUVs are offered by Erie, with an annual premium rate of $796.
SUV insurance typically is in the middle range compared to that of minivans and sedans. Insurance companies sometimes offer lower premiums for certain SUVs due to their good safety features and fewer risk factors. At the same time, certain trims usually have higher insurance rates due to having advanced features and costly repairs. Let's review the insurance rates of selected SUVs and the rates offered by various carriers.
How Much Does It Cost to Insure an SUV?
Buying SUV insurance will cost you $1,428 per year for a full coverage policy. Numerous factors affect the SUV insurance cost. Factors like a driver's age, location, credit score, and driving record are all considered when determining insurance premiums. In addition, the model and trim level of the SUV you own also determine the insurance premium you pay.
SUV Insurance by Company
You can find the cheapest deal on SUV auto insurance prices by comparing quotes from different insurers. Erie offers the cheapest SUV insurance at $796 per annum. With an average annual premium of $996, Quincy Mutual offers the most expensive SUV insurance rates. The auto insurance rates of the cheapest providers for SUVs are given below.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Erie | $67 | $796 |
| Texas Farm Bureau | $68 | $821 |
| Progressive | $71 | $851 |
| USAA | $77 | $926 |
| Vermont Mutual | $78 | $940 |
| Nationwide | $81 | $976 |
| State Farm | $82 | $981 |
| Tennessee Farmers | $82 | $989 |
| Quincy Mutual | $83 | $996 |
SUV Insurance by Model
When comparing quotes, the SUV model you choose has a big role in determining your payable premium. Certain SUVs, such as the Ford Escape and Honda CR-V, are cheaper to insure than the rest. However, the Jeep Grand Cherokee and Ford Explorer have the highest premium rates, with an annual premium rate of $1,500.
| SUVs | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Ford Escape | $110 | $1,320 |
| Honda CR-V | $110 | $1,320 |
| Subaru Forester | $111 | $1,332 |
| Jeep Wrangler | $116 | $1,392 |
| Chevrolet Equinox | $119 | $1,428 |
| Toyota RAV4 | $119 | $1,428 |
| Nissan Rogue | $119 | $1,428 |
| Jeep Grand Cherokee | $121 | $1,452 |
| Jeep Cherokee | $125 | $1,500 |
| Ford Explorer | $125 | $1,500 |
Ford Escape Insurance Rates
The average annual insurance rate for a Ford Escape is $1,320, making it one of the cheapest SUVs to insure. Texas Farm Bureau is the cheapest insurer for this model, with an annual premium of $656. Vermont Mutual also offers competitive rates at $738 per year. Find low-cost car insurance deals for your Escape from the table below.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Texas Farm Bureau | $55 | $656 |
| Vermont Mutual | $62 | $738 |
| Erie | $64 | $772 |
| State Farm | $67 | $801 |
| Progressive | $71 | $851 |
| Plymouth Rock Insurance | $73 | $871 |
| USAA | $74 | $890 |
| Tennessee Farmers | $76 | $908 |
| Nationwide | $77 | $929 |
| Acuity | $81 | $976 |
Honda CR-V Insurance Rate
Like the Ford Escape, Honda CR-V insurance also costs $1,320 per year. Erie is the cheapest insurance provider with an annual premium of $655. USAA also offers competitive rates at $683 per year.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $55 | $655 |
| USAA | $57 | $683 |
| Texas Farm Bureau | $60 | $717 |
| State Farm | $62 | $745 |
| Progressive | $66 | $797 |
| Vermont Mutual | $67 | $804 |
| Tennessee Farmers | $70 | $834 |
| American Family | $71 | $853 |
| Nationwide | $74 | $887 |
| Acuity | $78 | $931 |
Subaru Forester Insurance Rate
On average, it costs around $1,332 per year to insure a Subaru Forester. Erie offers the cheapest average rate for the model, at $729 per year. USAA is the next best option with an average annual premium of $796.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $61 | $729 |
| USAA | $66 | $796 |
| State Farm | $69 | $832 |
| Progressive | $70 | $844 |
| Vermont Mutual | $74 | $885 |
| Tennessee Farmers | $84 | $1,004 |
| Acuity | $87 | $1,049 |
| Nationwide | $87 | $1,050 |
| Plymouth Rock Insurance | $88 | $1,058 |
| Country | $91 | $1,097 |
Jeep Wrangler Insurance Rate
Jeep Wrangler insurance costs you $1,392 on average, per year. Erie offers the cheapest rates at $556 per annum. With an annual premium of $1,021, Nationwide offers the most expensive rates. See which providers fit your budget from the table below for Jeep Wrangler insurance.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $46 | $556 |
| USAA | $55 | $663 |
| Vermont Mutual | $60 | $719 |
| State Farm | $62 | $740 |
| Tennessee Farmers | $68 | $812 |
| Plymouth Rock Insurance | $77 | $921 |
| Country | $79 | $950 |
| Arbella | $83 | $991 |
| American Family | $84 | $1,006 |
| Nationwide | $85 | $1,021 |
Chevrolet Equinox Insurance Rate
Generally, the Chevrolet Equinox costs around $1,428 per year to insure. The best rates are available from Erie, with premiums starting at just $776 per year. Providers like USAA and State Farm also offer affordable rates at $856 and $902 per year, respectively. The best-reviewed car insurance carriers for Chevrolet Equinox insurance is mentioned in the table below.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $65 | $776 |
| USAA | $71 | $856 |
| State Farm | $75 | $902 |
| Vermont Mutual | $83 | $989 |
| Tennessee Farmers | $86 | $1,034 |
| Progressive | $89 | $1,068 |
| Nationwide | $90 | $1,080 |
| American Family | $98 | $1,173 |
| Acuity | $100 | $1,199 |
| Country | $102 | $1,219 |
Toyota RAV4 Insurance Rate
You can expect to pay around $1,428 per year to insure a Toyota RAV4 on average. However, Erie offers the cheapest deal with an annual insurance cost of $932. Acuity has the highest premium rate at $1,346 per year.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $78 | $932 |
| USAA | $83 | $998 |
| State Farm | $89 | $1,068 |
| Tennessee Farmers | $97 | $1,163 |
| Vermont Mutual | $98 | $1,174 |
| Nationwide | $99 | $1,192 |
| American Family | $106 | $1,273 |
| Country | $109 | $1,313 |
| Acuity | $112 | $1,346 |
Nissan Rogue Insurance Rate
Texas Farm Bureau offers the cheapest insurance premium for a Nissan Rogue, with an average annual insurance premium of $782. Otherwise, you may have to pay around $1,428 per year to insure the model. Erie also offers competitive rates at just $825 per year.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Texas Farm Bureau | $66 | $782 |
| Erie | $69 | $825 |
| USAA | $73 | $874 |
| Vermont Mutual | $76 | $907 |
| Tennessee Farmers | $79 | $942 |
| State Farm | $84 | $1,011 |
| Progressive | $85 | $1,017 |
| Plymouth Rock Insurance | $86 | $1,032 |
| Nationwide | $90 | $1,080 |
Jeep Cherokee Insurance Rate
The average annual insurance premium for a Jeep Cherokee is $1,452. Progressive offers the cheapest rates, at just $760 per year. Nationwide has the most expensive deal, starting at $1,225 per annum.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Progressive | $63 | $760 |
| State Farm | $69 | $825 |
| Erie | $70 | $839 |
| USAA | $73 | $877 |
| Vermont Mutual | $76 | $913 |
| Tennessee Farmers | $84 | $1,003 |
| American Family | $92 | $1,109 |
| Nationwide | $102 | $1,225 |
Jeep Grand Cherokee Insurance Rate
With an average annual premium of $1,500, the Jeep Grand Cherokee model is on the list of the most expensive SUVs to insure. However, you can find the cheapest deals with Erie at just $898 per year. USAA also offers competitive rates at $999 per year.
| Company | Monthly Rate | Annual Rate |
|---|---|---|
| Erie | $75 | $898 |
| USAA | $83 | $999 |
| State Farm | $85 | $1,021 |
| Vermont Mutual | $87 | $1,040 |
| Nationwide | $90 | $1,082 |
| Tennessee Farmers | $94 | $1,126 |
| American Family | $102 | $1,223 |
| Country | $104 | $1,249 |
| Arbella | $108 | $1,296 |
Ford Explorer Insurance Rate
The Ford Explorer also has expensive premium rates compared to other popular SUVs. The average annual premium for the model is $1,500, and the cheapest provider is Texas Farm Bureau, at just $714 per annum.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Texas Farm Bureau | $60 | $714 |
| Erie | $63 | $761 |
| Progressive | $65 | $784 |
| Vermont Mutual | $72 | $863 |
| USAA | $75 | $905 |
| Nationwide | $79 | $951 |
| Tennessee Farmers | $80 | $959 |
| State Farm | $80 | $959 |
| Quincy Mutual | $82 | $981 |
How Do I Find the Best SUV Insurance Rates?
- You should always research the market and understand your car insurance choices before purchasing your SUV insurance. It could be tempting to choose a provider that offers a low rate. However, it's always better to apply for multiple free insurance quotes from as many companies as you can. You can apply individually or make use of an insurance platform like Way.com.
- The best approach for finding the right policy is to analyze all of your options. Only choose a provider who offers a balance of low rates and comprehensive coverage. Ask for available discounts like multi-policy, good student, loyalty, and senior citizen that can lower your insurance costs.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don't always mean the best, so consider spending a little bit more to get comprehensive coverage. You can also save more on your SUV insurance cost by bundling your home and car insurance policies.
How to Get SUV Insurance with Way.com
It is really easy to get car insurance quotes with Way.com. All you need to do is download the Way app or log on to our website. On our platform, you can compare offers from more than 140 different insurance providers. This will help you select the most suitable option to reduce your SUV auto insurance costs.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
Way.com’s Insurance Broker Quote Data
Frequently Asked Questions
Are SUVs expensive to insure?
SUV insurance typically costs around $1,428 per year, which is cheaper than certain Sedans and more than that of most minivans. However, your premiums may vary depending on the model, the insurance company you select, and additional factors like your driving record and where you live.
Are Ford Escape models expensive to insure?
No, the Ford Escape is the cheapest SUV to insure. The average annual cost for the car model is just $1,320.
Do larger SUVs cost more to insure?
Yes, due to the higher market price and repair costs, larger SUVs cost more to insure than smaller ones.
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