What You Need to Know about Buying Car Insurance for Your SUV

If you’ve recently bought a SUV or if you’re in the process of buying one, you’re probably wondering if your car insurance coverage will increase, decrease, or stay the same. Obviously, you don’t want to be overpaying for car insurance coverage for your SUV, so let’s get this straighten out.

In this article we’ll cover:

• Prospective SUVs with low insurance premiums
• Is SUV insurance more expensive than standard auto insurance?
• The three things SUV insurance covers
• SUV Insurance Discounts Worth Asking About in Connecticut

 

Prospective SUVs with Low Insurance Premiums

Here are 10 SUVs with low insurance premiums per year:

 

Honda CR-V

Insurance coverage between $1,125 and $1,314 / yr.

 

Jeep Cherokee

Insurance coverage between $1,365 and $1,182  / yr.

 

Ford Escape

Insurance coverage between $1,378 and $1,166  / yr.

 

Chevy Equinox

Insurance coverage between $1,375 and $1,160  / yr.

 

Jeep Wrangler

Insurance coverage between $1,374 and $1,226  / yr.

 

Subaru Forester

Insurance coverage between $1,430 and $1,265  / yr.

 

Toyota RAV4

Insurance coverage between $1,427 and $1,222  / yr.

 

Nissan Rogue

Insurance coverage between $1,427 and $1,233  / yr.

 

Ford Explorer

Insurance coverage between $1,466 and $1,291  / yr.

 

Jeep Grand Cherokee

Insurance coverage between $1,487 and $1,263  / yr.

 

Is SUV Insurance More Expensive Than Standard Auto Insurance?

 

In short, yes. Prices may vary by insurance company but, in general, you can expect to pay more than you’re currently paying, acoording to the Insurance Information Institute (III). Premiums are generally lower for a $30,000 mid-size sedan than for a large SUV, which can cost over $60,000. Reasons for the increase in price is mostly due to the cost to repair the vehicle.

Though insuring an SUV may be more expensive than insuring some sedans, car insurance is not necessarily categorized by vehicle type. The general term “auto insurance” encompasses all manners of vehicles and the likelihood that the car will be stolen, as well as, the vehicle safety record.

 

 

The Three Things SUV Insurance Covers

 

Here are three factors that may increase your insurance premiums:

 

• Collision Auto Insurance Coverage – Pays for any damage that your car incurs during an auto accident.
• Comprehensive Auto Insurance Coverage – Pays for theft, vandalism, and other damages that can occur to your car outside of an auto accident.
• Liability or No-fault Auto Insurance Coverage – Pays for any property damage or bodily injury to another person or their car and/or property due to an auto accident.

 

This is just to give you a general idea on the type of auto insurance coverage your insurance company may provide you with if you own an SUV. If you require further protection or have more requirements, you can obtain additional car insurance coverage for your SUV.

Another thing that may influence your car insurance coverage is if your SUV is the year. Newer SUVs have more safety features than old SUVs and will less costly to insure. With older SUVs, you may still get lower insurance rates, as they would be easier and less costly to repair and replace.

You can determine whether you will save money on car insurance by providing your insurance agent with a list of SUVs and ask them to provide you with a quote on each SUV so you can make the right choice in terms of buying an SUV.

In the end, remember that safety, the age of the SUV, potential of injury, risk of becoming a target of car thieves, and repair costs all can affect your auto insurance premiums. Therefore, this is another factor you need to consider and research further before you buy an SUV.

 

SUV Insurance Discounts Worth Asking About in Connecticut

 

SUV insurance can be expensive, especially if you live in Connecticut. There are unique and effective ways in which you can save the money that you spend on your auto insurance. Although car insurance discounts are typically small, they can add up to save you a lot of money. So, when looking for ways to save, consider the following discounts:

 

• Multi-policy discount
• Good driver discount
• Paperless discount
• Payment by bank account
• Paid-in-full discount (paying your premium in one payment)
• Multi-vehicle discount
• Telematics

For more information about auto insurance discount please check out our 8 Car Insurance Discounts Worth Asking About in Connecticut blog.