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Introduction

Many of us dream of owning an SUV (sports utility vehicle). The issue could be that we find it hard to find an affordable SUV. But, doing thorough research may get you a sports utility vehicle of your dreams that’s affordable too. However, the major hassle comes when you try finding the right auto insurance for your SUV.

The fact is that the SUV insurance rates are higher than that of the sedans. In addition, the SUV insurance premiums vary by model. So, looking for an SUV that passes crash tests well and is less likely to be stolen could be wise. Still, the challenge will be to find the cheapest car insurance for the SUV you buy.

So, how much does an SUV car insurance cost? Which SUV has the highest insurance premium? How can you lower the SUV insurance rates? Continue reading our review to know in-depth about SUV insurance rates!

Key Takeaways

  • SUV insurance rates vary by model.
  • Safety features, crash test stats, and cost of parts impact SUV insurance rates.
  • You can lower the insurance rates by making smart claims and getting discounts.
  • Use Way.com to compare quotes from different insurers and buy the most affordable insurance policy.

How much does it cost to insure an SUV?

The average annual full coverage auto insurance costs you around $1,686. Still, the actual SUV insurance rates depend on several factors, including the car you drive. Compared to the national average, numerous SUV models typically have lower average auto insurance premiums. In addition, the additional safety features in these cars may lower the SUV insurance rates.

With an average annual full coverage rate of $1,370, the Jeep Wrangler has the lowest average premium. Nissan Rogue, which has the highest full coverage premium at $1,572 annually, is nearly $100 less expensive than the average auto insurance price in the country. Our review will give you an insight into the average SUV insurance rates and the most affordable insurers for SUVs.

Factors affecting SUV insurance rates

Your car’s make, model, size, cost of repairs, and safety features play a vital role in determining the premiums by the insurers.

Crash rate statistics by make and model: Knowing about the Insurance Institute for Highway Safety (IIHS) ratings is an excellent method for shopping for a safe SUV. A high safety rating on your SUV could save you money on your yearly premium.

Cost of parts: Due to the higher cost of repairs, luxury car insurance is typically more expensive than insurance for less expensive vehicles. To compensate for these additional repair costs, insurers will raise the SUV insurance rates.

Safety features: SUV insurance rates with cutting-edge safety features and those statistically less likely to be involved in an accident may be lower than those for cars with frequent thefts and claims. You may save money if your SUV has features like rear cross-traffic warning, surround-view, or blind-spot detection.

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Car insurance for SUVs by make and model

Your SUV’s brand and model significantly impact your auto insurance cost. The choice of coverage type and level might also have an impact; policies with basic coverage often cost less than those with comprehensive coverage. For instance, Jeep Wrangler, Honda CR-V, and Subaru Forester are some cars with the lowest SUV insurance rates.

Model Average annual premium (full coverage) Average annual premium (minimum coverage)
Jeep Wrangler $1,370 $528
Honda CR-V $1,381 $499
Subaru Forester $1,431 $471
Ford Escape $1,442 $507
Chevrolet Equinox $1,479 $507
Toyota RAV4 $1,522 $513
Toyota Highlander $1,523 $510
Jeep Grand Cherokee $1,543 $528
Ford Explorer $1,548 $504
Nissan Rogue $1,572 $519

Cheapest car insurance companies for SUVs

Though SUVs are popular in the country, that doesn’t imply they are cheap to insure. The SUV insurance rates depend on the car model and insurer you choose. The ideal way to buy the cheapest car insurance is by comparing the rates from various insurers and buying one. We have included the rates of a few SUV models with some of the major insurers in the country.

Insurer Jeep Wrangler Honda CR-V Subaru Forester Chevrolet Equinox Toyota RAV4 Ford Explorer Nissan Rogue
State Farm $1,295 $1,241 $1,278 $1,276 $1,370 $1,383 $1,371
Amica $927 $1,110 $1,128 $1,211 $1,197 $1,259 $1,245
Erie $1,136 $1,146 $1,190 $1,318 $1,241 $1,146 $1,211
USAA $1,106 $1,066 $1,106 $1,073 $1,112 $1,192 $1,126

Is SUV insurance different from the standard auto insurance?

Though the SUV insurance rates are higher than the insurance rates of some sedans, we can’t categorize auto insurance based on the type of car. However, all types of cars and their needed coverages can be found under the general term ‘auto insurance.’ In addition, there are ways by which you can find alternative coverage for an SUV, but you don’t need to get one. For example, you can add your car to an existing insurance policy without taking additional steps if you already have one. 

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How to find cheap insurance for an SUV

Though the SUV insurance rates are lower than vans or trucks, you still need to pay a higher premium for SUV auto insurance. Here are a few tips to decrease your SUV insurance rates.

Make smart claims

If you claim, your insurance rates will probably go up unless your policy includes accident forgiveness coverage. You must consider all the choices before claiming car damage. Is it good to pay out-of-pocket damage rather than via your insurer? We have some tips for you.

  • Find out how much the repairs will cost at a nearby repair shop.
  • Then determine how much an at-fault accident will increase your SUV insurance rates. Most auto insurers will charge you more for three years if you have an accident.
  • Finally, compare the out-of-pocket expense to the rate increase plus your deductible. Again, choose the less expensive option.

Average rate increases after an at-fault claim

Increase at six months Increase at one year Increase at three years
+396 +779 +2313

Check for discounts from your insurer

Although auto insurance offers less, getting many discounts will save a lot of money. These are some typical discounts you can get from your insurer.

Good driver discount: Your insurer will offer you a discount on premiums if you stay away from accidents.

Multi-policy discount: A multi-policy discount frequently applies while buying your auto insurance and additional policies from the same provider.

Paperless discount: You will receive soft copies of your insurance documents and billing if you are willing to go paperless. The insurance provider might provide a small reduction.

Payment by bank account: There will be a small reduction in your insurance rate if you pay the premium via your bank account.

Paid-in-full discount: Car insurers often give a discount if you pay for your entire policy term up in advance.

Multi-vehicle discount: You will get a discount if you insure more than one car with the same insurer.

Student discount: You will get a discount if you or your student driver is enrolled full-time in a high school or college and fulfills certain qualifications. You might be able to receive a discount if your student is away at school and doesn’t have a car.

Telematics: Many insurers also provide discounts on car premiums if they have installed telematics and anti-theft equipment.

Shop around and compare insurance rates

What is the best way to lower the SUV insurance rates significantly? The insurance rate may depend on your age, driving record, marital status/gender, or the area you live. So, it would be best to compare the quotes from various insurers and buy one.

How to get SUV insurance with Way.com

Using Way to request an SUV insurance quote is very easy! First, visit our website to compare insurance quotes from different companies. After that, the best course of action is to purchase the lowest SUV auto insurance policy from the companies that provide it. Do you still wonder how to obtain an SUV insurance rate quote? Then speak with one of our Way.com representatives. They can help you in getting the most affordable insurance for you!

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

FAQs

Is insurance higher on an SUV?

Yes, it is. SUVs have greater insurance costs as a result of their higher pricing. However, the market value of the luxury SUV is the primary element affecting the insurance cost.

Which is the cheapest SUV to Insure?

With an average annual premium of $1,370, Jeep Wrangler has the lowest SUV insurance rates.

Which insurance company offer cheap insurance rates for SUV?

USAA offers affordable premiums for most SUVs. However, if you’re not eligible for USAA, then Amica will be the next best option.

What’s cheaper on an insurance truck or SUV?

It is less expensive to insure an SUV than a truck.

What type of vehicle is most expensive to insure?

Trucks and vans cost you higher premiums than SUVs and other cars.

Is SUV insurance less than a sedan?

It isn’t always true that all SUVs cost more to insure than sedans. The premium is determined by the car’s market value rather than the kind of car. So, the insurance cost of all SUVs won’t be higher than that of sedans.

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