When compared with other vehicles ? is SUV car insurance really cheaper?
As you almost certainly know, several factors are used by insurance companies so they can determine insurance costs. Without doubt , the model and make of your car plays a huge role. And that makes sense. It would not be sensible if all vehicles require exactly the same amount of insurance cover.
Its common sense to think that sport and exotic cars are more expensive to insure. Bigger motors produce more hp and as far as your insurer is concerned, it means higher insurance premiums.
However, does this actually mean that bigger vehicles are generally more expensive to insure than small ones? The answer, believe it or not, is NO. Statistically, SUVs are less expensive to insure than most cars. You’re most likely wondering why?
Well, there are actually two main factors, both relevant to the kind of motorists who commonly own such vehicles.
SUVs are commonly family vehicles. It is only natural for parents who are driving their kids to school or football practice to be extra careful on the road. They tend not to drive during the night or in poor weather conditions. What this implies, not surprisingly, is that SUVs have better “accident history” than various other cars. Its more probable that a young motorist will cause a crash with a small and less powerful car, than a mother driving an SUV on her way to the supermarket.
Insurance providers pay a great deal of attention to these stats. If a certain make and model has a great accident history, than its owners will benefit from lower insurance costs.
Yet another reason why SUVs cost less to insure is safety. Just about all family vehicles are loaded with safety features, which is considered one of their main selling points.
A good arguing point here is that SUVs are not really the most ecologically friendly vehicles out there. It won’t be a total surprise if in the very near future insurers start giving discount rates to “greener” cars. For now, having a SUV suggests that you have an even better chance of finding affordable car insurance.
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