On average, SUVs are $314 annually cheaper to insure compared to sedans. Typically, larger vehicles, including trucks and SUVs, are more expensive to insure. However, small crossover SUVs have some of the cheapest rates, even when compared to compact vehicles.
Is it cheaper to insure a SUV?
Is it cheaper to insure an SUV or a sedan? While the average cost of an SUV far surpasses that of a sedan, car insurance costs may also differ substantially. Although rates will depend on your car insurance company and model, SUVs are typically $314 per year cheaper to insure than sedans.
How much more expensive is SUV insurance?
5 most expensive SUVs
|
|
Annual insurance cost |
| 1 |
Tesla Model Y |
$4,296 |
| 2 |
Toyota 4Runner |
$3,153 |
| 3 |
Toyota Highlander |
$3,046 |
| 4 |
Ford Explorer |
$3,037 |
1 more row
How much is insurance on a new SUV?
The average SUV car insurance cost is $195 per month or $2,340 per year. SUV car insurance is more expensive to insure because of the size and value of the vehicle.
Is insurance higher for an SUV? – Related Questions
Are SUV more expensive than cars?
While SUVs do offer a few advantages over cars, including increased protection, higher driving position, and greater towing capacity, they tend to be more costly to maintain than cars and also carry a larger footprint.
Is insurance higher on a truck or SUV?
Because trucks are often used to haul items and are driven off-road, they are often more expensive to insure than SUVs.
Are newer cars cheaper to insure?
Is it cheaper to insure a new or old car? Unfortunately, there’s no clear answer to this. The cost of your premium will depend partly on your car – generally the newer the car, the better its safety and security.
Is 4WD more expensive to insure?
Are 4WD vehicles more expensive to insure? Like AWD vehicles, 4WD vehicles may be more expensive to insure since they’re more robust than conventional cars.
Does AWD increase insurance?
Cars with all-wheel drive are more expensive to insure than those with front-wheel drive (FWD), because the all-wheel drive system is more sophisticated. In the event that your all-wheel drive car were totaled, it would cost more to repair or replace than a front-wheel drive vehicle.
Are compact cars cheaper to insure?
Generally, one would think that large or fast cars would be the most expensive to insure. However, SUVs, small station wagons and minivans proved cheaper to insure on average than compact cars. However, the two most expensive vehicles to insure were among the most expensive: the Tesla Model 3 and the Lexus RX.
Which car brand has the cheapest insurance?
These were the 10 cheapest cars to insure in 2021, according to our data:
- Subaru Outback ($1,336 annually).
- Subaru Forester ($1,347 annually).
- Honda CR-V ($1,359 annually).
- Jeep Wrangler ($1,406 annually).
- Hyundai Tucson ($1,406 annually).
- Mazda CX-5 ($1,412 annually).
- Ford Escape ($1,427 annually).
Does the size of your car affect insurance?
Your vehicle can impact your auto insurance rate based on its value, size, safety features, accident rating and other factors. As a result, some cars are more expensive to insure than others.
Are Toyotas expensive to insure?
Insuring a Toyota costs an average of $1,226 annually. This premium is lower than average compared to other makes and models. MoneyGeek broke down auto insurance costs for major Toyota models by model year and driver age to help drivers find the best option for them.
Is Rav4 insurance expensive?
Insuring a Toyota RAV4, regardless of its model year, is inexpensive compared to most other makes and models. It costs an average of $1,181 per year to insure a Toyota RAV4, which is $247 less per year than the national average.
What is cheaper Toyota or Honda?
The range of Toyota vehicles starts from $17,750 to over $85,000, while the Honda lineup ranges from $16,000 to $37,000. Comparable models of these brands usually have similar options and features. Honda has no direct competitors for these Toyota models: Toyota Prius C $21,500.
Is Honda or Toyota more expensive to insure?
For the 2022 model year, a Toyota Corolla has less-expensive car insurance than a Honda Civic by an average of $10 per year. Average car insurance cost per month for the Honda Civic is 0.8% more expensive than the Toyota Corolla, at $126 versus $125, a difference of $1.
What makes a car more expensive to insure?
The car you drive – The cost of your car is a major factor in the cost to insure it. Other variables include the likelihood of theft, the cost of repairs, its engine size and the overall safety record of the car. Automobiles with high quality safety equipment might qualify for premium discounts.
What is the highest insurance group for cars?
Every car belongs to one of 50 car insurance groups, which are used by insurers to help set the premium you pay. Cars in group one are the cheapest to insure, while those in group 50 are the most expensive – and the more powerful and luxurious your car, the higher the group it will be in.
Are BMW expensive to insure?
As a luxury vehicle manufacturer, BMW models can be expensive to insure. This is because expensive cars usually cost more to repair and replace.
How much does it cost to insure a BMW X5?
The average cost of insuring a BMW X5 is $1,424 per year. On average, USAA offers the cheapest car insurance for the BMW X5 at $1,192 per year, while Allstate offers the most expensive at $1,784 per year.