Compare SUV Insurance Rates [2023]
SUV car insurance is generally more expensive than car insurance, despite being a fairly safe vehicle. The average cost of SUV insurance is $195 per month or $2,340 per year. Your SUV insurance rates can be cheaper, but it depends on the vehicle and your auto insurance company.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jul 30, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 30, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Sports Utility Vehicles (SUVs) cost more to insure than cars.
- SUVs are being produced with more safety features than they used to.
- SUVs car insurance tends to cost more to buy in the first place, resulting in higher insurance premiums.
SUV car insurance can be affordable if the vehicle has a cheaper than average value. The average SUV insurance cost is about $2,300 per year, but that car insurance rates can change under the right circumstance.
How much does it cost to insure an SUV? Is it cheaper to insure a car or an SUV? The answer to the question depends on many factors. Most have to do with the type of driver and the type of SUV. Car insurance rates across the U.S. can vary greatly, so you’ll want to be sure to compare quotes in your area.
Are you shopping for SUV car insurance quotes? Enter your ZIP code above to get some FREE car insurance rates for your area.
How much does it cost to insure an 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.
According to Kelley Blue Book (KBB), SUVs are more expensive to insure than the average car.
SUVs are much bigger than cars or Sedans. Pickup trucks are the only passenger vehicles that rival them in size and weight. Some large sedans (cars) can match the weight of compact SUVs.
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Are SUVs expensive to insure?
How much is car insurance for an SUV? Although the best SUVs can be expensive to insure, you may find affordable insurance rates depending on the vehicle on the company.
The most expensive SUV to insure is a luxury SUV. SUVs like Bentley Bentayga, Mercedes-Benz G-Class, and Land Rover Range Rover have some of the most expensive car insurance rates.
Land Rover car insurance rates tend to be higher than those for other vehicle brands due to the luxury and higher repair costs associated with Land Rover vehicles.
Some SUVs have cost-efficient car insurance, such as the Honda CR-V.
Read more: Compare Honda Car Insurance Rates
Let’s examine the average SUV insurance rates of different vehicles.
| Popular SUVs | Monthly Full Coverage Rates | Annual Full Coverage Rates |
|---|---|---|
| Honda CR-V | $95 | $1,140 |
| Ford Explorer | $109 | $1,308 |
| Dodge Journey | $115 | $1,384 |
| Nissan Rogue | $118 | $1,412 |
| Jeep Grand Cherokee | $118 | $1,414 |
| GMC Yukon | $125 | $1,500 |
| Land Rover Range Rover | $156 | $1,872 |
| Mercedes-Benz G-Class | $220 | $2,640 |
| Bentley Bentayga | $301 | $3,612 |
The Honda CR-V and Ford Explorer are the cheapest cars to insure, while the Bentley Bentayga and Mercedes-Benz G-Class are the most expensive. Bentley and Mercedes are luxury brands and generally cost more.
Read more: Compare Bentley Car Insurance Rates
How much does an SUV cost?
We can find the value, or cost, of an SUV by looking at the Manufacturer Suggested Retail Price (MSRP)
MSRP is the price the manufacturer recommends for a new car of that vehicle model and model year.
Dealers use the MSRP to set prices. Let’s look at the MSRP of popular SUVs that we reviewed in the last section.
| Vehicles | MSRP |
|---|---|
| 2020 Dodge Journey | $23,675 |
| 2020 Honda CR-V | $25,150 |
| 2020 Nissan Rogue | $25,300 |
| 2020 Jeep Grand Cherokee | $32,150 |
| 2020 Ford Explorer | $32,765 |
| 2020 GMC Yukon | $50,600 |
| 2020 Land Rover Range Rover | $90,900 |
| 2020 Mercedes-Benz G-Class | $130,900 |
| 2020 Bentley Bentayga | $160,000 |
Read More: Compare Dodge Car Insurance Rates
MSRP of Popular SUVs
Despite having the lowest MSRP, the Dodge Journey has a cheaper MSRP but higher insurance than the Ford Explorer.
The higher the value of the SUV, the more you’ll pay for auto insurance. Shop around with different insurance companies to see which car insurance policy works better for your finances.
Enter your ZIP code to compare affordable SUV car insurance quotes in your area.
Read more: Compare Jeep Car Insurance Rates
Are SUVs safer than other cars?
While sport utility vehicles are costlier to insure, over the last several years, there have been major improvements made that will, over time, help to reduce the cost of insuring an SUV. According to the Wall Street Journal, SUVs are among the safest vehicles.
Watch this video on choosing the right vehicle to get cheaper auto insurance.
When SUVs were first introduced in the 1990s and grew in popularity through the mid-2000s, people who owned them thought they were the safest vehicles on the road.
Most were the most massive vehicles on the road, and the four-wheel-drive capability made owners feel very secure when driving, even during poor weather.
Most people assume that SUVs are safer than traditional cars, vans, and station wagons because of the perception that an SUV will do better in a crash.
While an SUV’s size and weight may help protect the driver and the passengers, it is still essential to look at crash test ratings of sport utility vehicles rather than assuming that it is the safest vehicle.
Here are some things to consider when driving an SUV:
- Center of gravity. Because of a high center of gravity, an SUV is more prone to a rollover accident than a car or even a pickup truck.
- The way you drive. No matter what type of car or truck you are driving, the most important safety factor always has been and will continue to be the driver. When driving a sport utility vehicle, drivers must be attentive to their surroundings.
- Size of vehicle. SUVs are generally bigger and taller than other cars on the road, so drivers must be cautious when making turns and driving in heavy traffic or parking lots.
- Stop-time. Most sport utility vehicles are much heavier than the average car, so it takes more time to stop an SUV.
- Blind spots. Sport utility vehicles have traditionally had many more blind spots than cars, so the driver must be especially aware when doing things like changing lanes.
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Are today’s sport utility vehicles safer than previous models?
Generally speaking, today’s sport utility vehicles are even safer than the first models because of ever-changing technology.
Size is still important when looking at the SUV’s safety, but today’s models have additional safety features such as electronic stability control or ESC. ESC makes cars easier to drive and generally safer.
Instead of being built on large truck frames, sport utility vehicles are now being built on car frames, making the vehicles easier to maneuver.
The transition that SUV makers have made over the past several years has been making the vehicles more like cars than pickup trucks.
What are some of the factors that affect drivers of sport utility vehicles?
One of the main factors that come into play regarding SUV insurance is vehicles are at risk of inflicting a large amount of damage to another car or the other driver and passengers.
Today’s luxury sport utility vehicles, such as the Cadillac Escalade, can be costly to insure because of the cost to repair the car, as well as the high risk of the SUV being stolen. According to CBS News, the Escalade is the number one most stolen vehicle.
The average loss claim involving a Cadillac Escalade is more than seven times higher than the average SUV. Many of the insurance claims involving an Escalade can exceed $40,000. It is one of the most expensive SUVs to insure.
Read more: Compare Cadillac Car Insurance Rates
What are the most affordable sport utility vehicles as far as insurance costs?
What SUV has the cheapest insurance? While many SUVs are highly desirable by thieves, two SUVs are on the top 10 list of the least-stolen vehicles. Those are the four-wheel-drive Saturn VUE and the Chevy Aveo.
Another important factor to consider when looking to purchase a sport utility vehicle is the standard safety features.
Airbags around the entire vehicle, anti-theft devices with a stolen car tracking system, and Vehicle Identification Number etching will help reduce the insurance premium’s overall cost.
Frequently Asked Questions
How much does it cost to insure an SUV?
The average cost of SUV insurance is $195 per month or $2,340 per year.
Is it cheaper to insure a car or an SUV?
SUV insurance is generally more expensive than car insurance due to the size and value of the vehicle.
Are SUVs expensive to insure?
Luxury SUVs tend to have higher insurance rates, while some SUVs, like the Honda CR-V, can have more affordable insurance.
What factors affect SUV insurance rates?
Factors such as the vehicle’s value, safety features, and theft risk can impact SUV insurance costs.
Are SUVs safer than other cars?
While SUVs can provide more protection due to their size and weight, it’s important to consider crash test ratings and safety features.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.