Best Mid-Size Suvs For Affordable Auto Insurance

When it comes to mid-size SUVs, there are a variety of factors that can affect the cost of auto insurance. While larger vehicles are often assumed to be more expensive to insure, this isn't always the case. The make and model of the SUV, its safety features, and the insurance company all play a role in determining the cost of coverage.

Some of the cheapest mid-size SUVs to insure include the Honda CR-V, Chevrolet Equinox, and Toyota RAV4. These vehicles offer a balance between size and affordability, with insurance costs ranging from $1,908 to $2,475 per year.

It's worth noting that insurance rates can vary depending on personal factors such as age, gender, location, and driving history. Additionally, the level of insurance coverage chosen can also significantly impact the cost. It's always a good idea to compare rates from multiple providers to find the most reasonable option for your specific needs.

Smaller SUVs are cheaper to insure

The cheapest SUV to insure is the Honda CR-V, which costs $2,346 per year for full coverage, 21% cheaper than the average price for the most popular SUVs. The Honda HR-V and Chevrolet Traverse are close behind, with an average policy cost across these three SUVs of $2,703 per year for full coverage. This is 10% less than the average across all vehicles.

The Subaru Outback is another cheap SUV to insure, costing an average of $1,851 a year. The Subaru Forester and Mazda CX-5 are also good options, with average insurance costs of $1,887 and $1,895 per year, respectively. These smaller SUVs are not only cheaper to insure but also offer improved fuel efficiency and easier parking compared to larger models.

When it comes to insurance costs, it's worth noting that smaller SUVs with lower base prices tend to have lower rates. This is because cheaper SUVs typically have less technology and are less expensive to repair or replace if they are damaged or in an accident. Additionally, compact SUVs are cheaper to insure due to their value and size. They will likely cost less to insure than larger vehicles, including mid- and full-size SUVs.

The make and model of your SUV, the year of manufacture, safety features, and other factors will also influence insurance costs. It's always a good idea to compare rates among multiple insurance providers to find the best deal for your specific vehicle and situation.

Electric SUVs may be more expensive to insure

The cost of insuring an electric vehicle can vary depending on the make and model. For example, the cheapest electric vehicle to insure is the Volkswagen ID.4, while the most expensive is the Tesla Model X. Insuring a Tesla or Rivian, companies that only sell electric vehicles, can be much more expensive than insuring an electric vehicle from a company that also sells gas-powered cars, such as Ford or Volkswagen. The higher costs for Teslas and Rivians are due to higher repair costs and more expensive and harder-to-source parts.

The size of the SUV can also impact insurance rates. Larger SUVs are generally more expensive to insure than smaller ones, as they can cause more damage in accidents and are considered riskier. This is true for both electric and gas-powered SUVs.

While electric SUVs may be more expensive to insure on average, there are ways to save on insurance costs. Comparing rates from multiple insurance providers is a great way to find the best deal. Additionally, electric vehicle owners may be eligible for unique discounts, such as those offered by Travelers and Lemonade for hybrid or electric car owners.

It's worth noting that as electric vehicles become more common, the technology used in them is becoming more efficient and affordable, which may lead to a decrease in insurance costs in the future.

Safety features can reduce insurance costs

Insurance providers consider vehicles with safety features to be safer, and therefore, they predict drivers are less likely to file a collision or comprehensive claim, which means less out-of-pocket costs for the insurance company. This results in lower insurance premiums for vehicles with safety features.

Newer SUVs are more likely to include modern technologies that further improve safety. Wireless smartphone connectivity, hands-free driving, lane change alerts, and rear cameras are some of the safety features that reduce the chances of a driver being in an accident. Lane departure warning, adaptive cruise control, and blind-spot monitoring systems are also safety features that help drivers make safer decisions, reducing the likelihood of accidents and insurance claims.

Some other safety features that can help reduce insurance costs include:

• Anti-Lock Braking System (ABS)
• Automatic Emergency Braking
• Forward Collision Warning
• Lane Departure Warning
• Tire Pressure Monitoring System
• Electronic Stability Control
• Driver-Attention Monitor
• Pedestrian Detection
• Rear Cross Traffic Alert
• Automatic High-Beams
• Parking Sensors

Additionally, safety-belt features such as seatbelt pretensioners and force limiters also contribute to making vehicles safer and can result in lower insurance costs.

When purchasing an SUV or any other vehicle, it is essential to consider the safety features offered and their potential impact on insurance costs. By choosing a vehicle with comprehensive safety features, you can not only enhance your safety but also benefit from reduced insurance premiums.

Cheapest SUVs to insure

When looking for the cheapest SUV to insure, it's important to know that insurance costs don't necessarily depend on the type of SUV. While larger SUVs and trucks are generally more expensive to insure, smaller crossover SUVs can have some of the cheapest insurance rates, even beating out compact cars.

The cheapest SUV to insure is the Chevrolet Trailblazer, with an annual average premium of $1,122. Other sources, however, claim that the cheapest SUV to insure is the Honda CR-V, which costs on average $2,346 per year for full coverage. The Subaru Outback, which costs an average of $1,851 a year to insure, is another affordable option.

Factors Affecting Insurance Costs

Insurance companies calculate premiums based on various factors, such as the likelihood of theft, engine size, overall safety of the vehicle, repair costs, and total value. When it comes to SUV size, insurance companies tend to increase premiums from smaller SUVs to midsize and full-size SUVs. Larger SUVs are seen as more likely to cause damage in an accident and are harder to handle in traffic.

Ways to Save on Insurance Costs

There are several ways to save money on SUV insurance:

• Shop around and compare rates from different insurance companies.
• Choose a basic trim instead of the most expensive trim levels to cut back on overall insurance costs.
• File your claims wisely and consider paying for minor damages out of pocket rather than through your insurance company.
• Ask your insurance company about available discounts, such as multi-policy or multi-vehicle discounts, good student discounts, or payment via bank account discounts.
• Avoid high-end or luxury vehicles, as they are more expensive to repair or replace.
• Reconsider hybrid or electric vehicles, as they are usually more expensive to insure due to their higher price tag.
• Review safety ratings and choose an SUV with modern safety technologies, such as adaptive cruise control and lane departure warning.

Cheapest insurance companies for SUVs

When it comes to insuring an SUV, the insurance company you choose can make a big difference in how much you pay. Here are some of the cheapest insurance companies for SUV drivers:

• State Farm: State Farm is known for providing consistently cheap rates for SUV insurance. Their quotes are 53% cheaper than the average car insurance cost across all the companies surveyed.
• Travelers: According to Forbes, Travelers has the cheapest overall national cost for SUV insurance.
• Nationwide: Nationwide is another insurance company that offers competitive rates for SUV drivers. They are also known for having good rates for drivers with poor credit.
• USAA: USAA offers the lowest insurance rates across multiple categories, but their policies are only available to current and former members of the military and their families.
• Erie: Erie Insurance is known for having low rates for various categories of drivers, including good drivers, female teen drivers, male teen drivers, female senior drivers, and male senior drivers. They also have the lowest rates for drivers after a speeding ticket or an accident.
• Geico: Geico is often mentioned as one of the cheapest options for SUV insurance and is worth considering.
• American Family: American Family Insurance is another company that is worth getting a quote from, as they are known to have competitive rates.
• Allstate: Allstate is one of the major insurance companies that provide coverage for SUVs. While they may not always be the cheapest, it's worth comparing their rates with other providers.
• Progressive: Progressive offers competitive rates and is particularly known for having low rates for drivers after a DUI.

Frequently asked questions