The average cost for car insurance is around $1,800 per year for full coverage, but the price you pay for your auto insurance policy may differ based on a variety of factors, including the type of vehicle you drive. SUVs are a popular type of vehicle, and in general, rates for many SUV models come with lower average auto insurance rates when compared to the national average. The lower cost could be due to increased safety features often included in these vehicles.
Why Are SUVs So Popular?
Most SUVs are built with mechanical parts that are specifically designed for rugged use. As you are aware, insurance companies use a variety of factors to determine premiums. The make and model of your vehicle are important considerations.
Reasons for the desire to purchase an SUV are:
- SUVs are tall which makes them able to pass over jagged rocks and through ruts without scraping the bottom.
- SUVs have a lot of interior space. Farmers with bales of hay, sports enthusiasts, and families all want space inside the vehicle.
- SUVs have a four-wheel drive which helps them avoid getting stuck on slick surfaces.
- SUVs have larger engines and produce more horsepower.
Statistically, SUVs Are Less Expensive To Insure
There are two main reasons for this. One reason is that SUVs are commonly used by families. Parents are more careful on the road when driving their children to school and sports events. And families are less likely to drive at night or during bad weather. The second is statistically SUVs have fewer wrecks because of their safety features. One of the most important selling points is their safety features. This means the SUV has a better accident history which means lower rates.
Having The Correct Coverage
The right coverage can help protect your finances from costly SUV damage. The usual standard auto insurance policy is collision and comprehensive coverage. this protects against accidents, vandalism, theft, and weather damage. Some states require uninsured drivers’ coverage. If you lease or finance a car, gap insurance can save you money if you have an accident by insuring the entire loan amount rather than just the vehicle’s value if the car is totaled.
Why Is It So Important To Insure Your SUV?
Auto insurance is an important protection for not just your SUV, but for your financial liability as well. If you get into an accident without insurance, you could potentially be stuck paying for hundreds of thousands of dollars in damages and injuries. With car thefts on the rise, it is unfortunate to say that your vehicle isn’t safe even just outside your home. When you spend a tidy sum on a new car you want to rest assured you will always receive the best of care and protection for that vehicle.
How Is The Cost For Your SUV Insurance Determined?
The amount you’ll pay for car insurance is impacted by a number of very different factors—from the type of coverage you have to your driving record to where you park your car.
While not all companies use the same parameters, here’s a list of what commonly determines the bottom line on your auto policy.
- How much you use your car – The more miles you drive, the more chance for accidents. You’ll pay more if you drive your car for work or use it to commute long distances. If you drive only occasionally—what some companies call “pleasure use”—you’ll pay less.
- Location, location, location – Due to higher rates of vandalism, theft, and accidents, urban drivers pay a higher auto insurance price than those in small towns or rural areas. Where you park your car (on the street or in a secure garage) and anti-theft features may impact the bottom line as well.
- Your driving record – The better your record, the lower your premium.
- Your age – Insurers generally charge more if teenagers or young people below the age of 25 drive your car.
- Your gender – Statistically, women have fewer serious accidents than men.
- The car you drive – The cost of your car is a major factor in the cost to insure it. And how safe a particular vehicle is to drive and how well it protects occupants.
- Your credit – Your credit-based insurance score is a statistical tool that predicts the likelihood of your filing a claim and the likely cost of that claim.
- The type and amount of auto insurance coverage – The limits on your basic auto insurance and the amount of your deductible.
When looking for SUV insurance rates, keep in mind that different companies take different factors into account. Comparing prices from different insurers can ensure you are getting the best deal.
Rollins Insurance is an independent insurance agency providing our clients the best prices with the most coverage possible since 2008. We represent multiple A-rated insurance companies to make sure we deliver the most competitive rate packages to our clients in Kentucky and Ohio. We find that most people are under-insured and over-paying when we meet them. We love what we do and our primary business is Personal Auto, Homeowners, and Life and Health insurance. We are a family-owned and managed business that specializes in providing needs-based insurance services.
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