Sport Utility Vehicles (SUVs) have become increasingly popular over recent years, and with that popularity comes the need for SUV owners to find affordable insurance rates. In this article, we’ll dive into the data to help you understand how SUV insurance rates vary by make and model, as well as how to find the best deals on insurance for your SUV.
Average SUV insurance rates
Our analysis of average SUV insurance rates shows that the overall average annual insurance rate for an SUV is $1,765, with a maximum average rate of $4,646 and a minimum average rate of $1,353. This data reveals that there is quite a wide range of insurance costs for different SUVs, so it’s essential to shop around and compare quotes before settling on a policy.
| Average SUV insurance rate | Average maximum insurance rate | Average minimum insurance rate |
| $1,765 | $4,646 | $1,353 |
Most Expensive SUVs to Insure
As expected, luxury SUVs tend to have higher insurance rates due to their higher price tags and advanced features. The Maserati Levante Trofeo tops the list as the most expensive SUV to insure, with an average annual premium of $4,646, followed closely by the Audi RS Q8 Quattro and the Tesla Model X Plaid.
| Make | Model | Avg. annual premium | Avg. monthly premium |
| Maserati | Levante Trofeo | $ 4,646 | $ 387 |
| Audi | RS Q8 4.0T Quattro | $ 3,471 | $ 289 |
| Tesla | Model X Plaid | $ 3,385 | $ 282 |
| BMW | X6 M | $ 3,280 | $ 273 |
| Land Rover | Range Rover SV AUTOBIO | $ 3,277 | $ 273 |
| Mercedes | G550 4MATIC | $ 3,086 | $ 257 |
| Alfa-Romeo | Stelvio Quadrifoglio | $ 3,003 | $ 250 |
| Porsche | Cayenne Turbo GT | $ 3,001 | $ 250 |
| Jeep | Wagoneer Series III | $ 2,952 | $ 246 |
| Volvo | XC40 Pure Electric Ultimate | $ 2,798 | $ 233 |
| Jaguar | F-Pace SVR | $ 2,745 | $ 229 |
The 10 least expensive SUVs to insure
On the other end of the spectrum, our data shows that the Subaru Forester 2.5I Wilderness is the least expensive SUV to insure, with an average annual premium of just $1,353. Other affordable SUVs to insure include the Honda CR-V LX, the Mazda CX-30 S, and the Toyota C-HR XLE, all with average annual premiums below $1,400.
| Make | Model | Avg. annual premium | Avg. monthly premium |
| Subaru | Forester 2.5I Wilderness | $ 1,353 | $ 113 |
| Honda | CR-V LX | $ 1,366 | $ 114 |
| Mazda | CX-30 S | $ 1,379 | $ 115 |
| Toyota | C-HR XLE | $ 1,384 | $ 115 |
| Kia | Seltos LX | $ 1,391 | $ 116 |
| Volkswagen | Tiguan S | $ 1,406 | $ 117 |
| Jeep | Wrangler Willys Sport | $ 1,415 | $ 118 |
| Ford | Escape S | $ 1,417 | $ 118 |
| Chevrolet | TrailBlazer L | $ 1,434 | $ 120 |
| Hyundai | Kona SE | $ 1,437 | $ 120 |
⭐Useful Insight
Differences in insurance rates based on SUV size and classification
The size and classification of an SUV can have a significant impact on insurance rates. Generally, larger SUVs tend to have higher insurance rates compared to smaller ones. This is because larger vehicles often cause more damage in accidents and can be more expensive to repair. Additionally, SUVs classified as high-performance or off-road vehicles might have higher rates due to their increased risk profile.
Cheapest used SUVs to insure: Insuring pre-owned SUVs
If you’re in the market for a used SUV, our data suggests that the Nissan Xterra Off Road is the cheapest pre-owned SUV to insure, with an average annual premium of just $1,175. Other budget-friendly options for insuring a used SUV include the Saturn Vue XE, the Ford Escape XLS, and the Mazda Tribute i Sport.
| Make | Model | Avg. annual premium | Avg. monthly premium |
| Nissan | Xterra Off Road | $ 1,175 | $ 98 |
| Saturn | Vue XE | $ 1,189 | $ 99 |
| Ford | Escape XLS | $ 1,199 | $ 100 |
| Mazda | Tribute i Sport | $ 1,201 | $ 100 |
| Mercury | Mountaineer | $ 1,214 | $ 101 |
| Hyundai | Tucson GL | $ 1,226 | $ 102 |
| Honda | Element LX | $ 1,232 | $ 103 |
| Jeep | Compass | $ 1,234 | $ 103 |
| Subaru | Forester 2.5X | $ 1,248 | $ 104 |
Cheap SUV insurance rates by company: Finding the affordable deals
The table provided gives us the average annual SUV insurance rates for various companies. From the data, we can observe that State Farm offers the lowest average annual rate of $1,247, while Allstate has the highest rate at $2,615. The other companies have rates within this range, with Company Geico at $1,420, Nationwide at $1,680, and Company Progressive at $1,883.
This data indicates that choosing Company State Farm for your SUV insurance could potentially save you up to $1,368 per year compared to Allstate. However, it’s essential to consider other factors, such as coverage options, customer service, and claim processing, before making a decision.
| Company Group | Avg. annual premium | Avg. monthly premium |
| State Farm | $1,247 | $104 |
| Geico | $1,420 | $118 |
| Nationwide | $1,680 | $140 |
| Progressive | $1,683 | $140 |
| Farmers | $2,084 | $174 |
| Allstate | $2,615 | $218 |
Conclusion
When it comes to SUV insurance rates, there is a wide range of costs depending on the make, model, size, and classification of the vehicle. Luxury SUVs generally have higher insurance rates compared to more affordable options. Additionally, larger SUVs tend to have higher rates due to their potential for causing more damage in accidents.
On the other hand, smaller and budget-friendly SUVs have lower insurance rates. While State Farm offers the lowest average annual rate, it’s important to consider other factors such as coverage options, customer service, and claim processing before making a decision.
It’s crucial for SUV owners to shop around and compare quotes from different insurance companies to find the best deals.
Frequently Asked Questions
Does the color of my SUV affect insurance rates?
No, the color of your SUV does not typically affect insurance rates. Insurance companies focus on factors such as the make, model, age, and safety features of your vehicle to determine your premiums. So, whether your SUV is red, blue, or any other color, it won’t have a direct impact on your insurance rates.
Can I add my teenage driver to my SUV insurance policy?
Yes, you can generally add your teenage driver to your SUV insurance policy. However, it’s important to note that adding a teenage driver can often result in an increase in your insurance rates. Teenagers are considered high-risk drivers due to their lack of experience on the road. It’s advisable to inform your insurance provider about the new driver in your household and discuss the available options and potential rate adjustments.
What should I do if my SUV insurance rates increase unexpectedly?
If your SUV insurance rates increase unexpectedly, contact your insurance provider for an explanation. Review your policy for accuracy and inform your insurer of any discrepancies. Shop around for quotes from other providers to compare rates and coverage. Additionally, inquire about available discounts, such as those for safe driving records or safety features, to help offset the rate increase.
Methodology
CompuQuote commissioned 2022 data for SUV insurance rates from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- 12-mile daily commute and 10,000 annual miles
- Good credit
- Clean record
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $50,000 property damage per accident
- $500 comprehensive and collision deductible
CompuQuote analyzed rates for around 1278 vehicles from 57 companies for more than 45,740,880 million quotes. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
