The Honda CR-V is generally considered the cheapest SUV to insure. Its favorable insurance rates are often attributed to its strong safety ratings, lower repair costs, and relatively low theft rates compared to other vehicles in its class.
While the Honda CR-V often stands out for its affordability in terms of insurance, several other SUV models are also known for their comparatively lower insurance premiums. Insurance costs can vary significantly based on factors like the driver's history, location, and the specific model year, but certain SUVs consistently rank well for affordability.
SUVs Known for Lower Insurance Rates
Below is a list of SUVs that are frequently cited for having lower average insurance costs:
| SUV Model | General Insurance Cost Tendency |
|---|---|
| Honda CR-V | Cheapest |
| Jeep Cherokee | Generally lower |
| Ford Escape | Generally lower |
| Chevrolet Equinox | Generally lower |
| Jeep Wrangler | Generally lower |
| Subaru Forester | Generally lower |
| Toyota RAV4 | Generally lower |
| Nissan Rogue | Generally lower |
Factors Influencing SUV Insurance Costs
Several elements contribute to how much you pay to insure an SUV:
- Safety Features: Vehicles equipped with advanced safety features (e.g., automatic emergency braking, lane-keeping assist) often qualify for lower premiums due to reduced risk of accidents and injuries.
- Repair Costs: SUVs with readily available parts and simpler repair processes tend to have lower comprehensive and collision insurance rates.
- Theft Rates: Models that are less frequently stolen often incur lower insurance costs because the risk of a claim related to theft is lower for the insurer.
- Engine Size and Horsepower: More powerful engines can lead to higher insurance rates due to a greater perceived risk of speeding and more severe accidents.
- Vehicle Value: More expensive SUVs generally cost more to insure because the potential payout for a total loss or significant damage is higher.
- Driver Demographics: Your age, driving history, credit score, and even where you live can significantly impact your insurance premiums.
When shopping for an SUV, it's always advisable to get insurance quotes for specific models you are considering, as rates can vary widely among different insurance providers and individual circumstances.
