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CROSSOVERS VS SEDANS DRIVERS
CROSSOVERS VS SEDANS DRIVER

When shopping for car insurance rates, WalletHub recommends adhering to the following:

CROSSOVERS VS SEDANS DRIVER

A poor safety rating means the driver and passengers are more likely to sustain serious injuries due to an accident, which results in more expensive claims. Typically, vehicles with high repair costs, poor safety ratings, and higher claims rates receive higher premiums. The same driver operating the same vehicle but living in a more populous area such as Los Angeles or Chicago might pay about $1744 annually, according to ValuePenguin. Insurers assess the risk of insuring you and your vehicle, and the higher the risk, the higher the premium.įor instance, according to The Zebra, a 30-year-old single male who has a good driving record might pay between $1222 and $1427 each year for insurance on a Toyota RAV4.

CROSSOVERS VS SEDANS DRIVERS

Minivans are the cheapest vehicle to insure because of their overall safety, and insurers view them as less risky vehicles as drivers don't typically engage in risky behaviors on the road.Ĭar insurance premiums are based on a variety of factors, some of which include your location, the type of vehicle you're driving, your driving record, and your age. According to WalletHub, the five cheapest vehicles to insure include one SUV:īreaking it down by vehicle type, the average annual premiums include the following: If you're looking at different types of vehicles, you might wonder how the insurance prices vary. According to ValuePenguin, the average rate for a small SUV is $2700 compared to $3114 for a midsize sedan and $3120 for a compact car.Ĭonversely, larger SUVs have some of the highest rates because their size poses an increased risk to others on the road. However, small crossover SUVs have some of the cheapest rates, even when compared to compact vehicles. Typically, larger vehicles, including trucks and SUVs, are more expensive to insure. On average, SUVs are $314 annually cheaper to insure compared to sedans. Keep in mind that the average SUV costs surpass that of a sedan, so the rates might also vary greatly.

Chevrolet Tahoe: $1926 from Progressive.

Chevrolet Equinox: $1630 from Progressive.

The study found the cheapest rates from the following companies for these SUVs: Selecting either of these two companies might save you $3352 compared to the companies with the highest rates. On average, quotes from these two companies were 39 percent cheaper compared to the average costs compared to the other companies. ValuePenguin also found that Progressive and GEICO constantly offered the cheapest rates for SUVs. Which Insurers Offer Cheap SUV Insurance Rates? This type of coverage pays for repairs or replacement of your vehicle, and costs are usually higher for more expensive SUVs. One of the main reasons why smaller SUVs have lower premiums is that collision and comprehensive claims are less expensive. The five most expensive SUVs to insure include the following: The study found that insurance rates for small SUVs were 17 percent less compared to standard-sized SUVs.

The top five cheapest SUVs to insure include the following: This is 21 percent less than the average price of $2975 for an SUV. According to ValuePenguin, the cheapest SUV to insure is the Honda CR-V, which costs about $2346 to insure. Examining car insurance rates on SUVs, you might be curious as to what type of SUV is the cheapest to insure. When you first start shopping for car insurance, you might wonder what make and model of SUV is the cheapest to insure. Certain makes and models are cheaper on average than others, so it's best to do plenty of research before you decide on an insurance company. Are SUVs cheaper to insure compared to other vehicles? You might be surprised that certain SUVs are cheaper to insure compared to other types of vehicles.