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Car insurance for a Range Rover
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Finding the right car insurance for your Land Rover Range Rover may not be the most exciting aspect of your new vehicle, but it’s a vital one. In keeping with the cost of the car, auto insurance for these models tends to be above the national average. According to Bankrate’s study of quoted annual premiums, the national yearly average cost of full coverage auto insurance for a Toyota Camry was $1,674 in 2021. By comparison, the average yearly price for full coverage on this model of Range Rover was $2,657 in 2021. Seeing these relatively high average rates helps highlight why it’s crucial for Range Rover drivers to learn where and how to save on car insurance for Land Rovers.
How much does it cost to insure a Range Rover?
The average annual rate on minimum coverage car insurance for Range Rovers is $514, while full coverage insurance costs around $2,657 a year. Nationally, the average yearly cost of car insurance is $1,674 for full coverage on a 2019 Toyota Camry. Compared to a Camry, with a base price of $25,050, a 2019 Range Rover costs an estimated $90,795 MSRP. Considering these prices, the cost to insure a Range Rover will be higher on average than a Toyota Camry of the same year, mainly due to the difference in the cost to repair the cars after damage.
While the make and model of the car, plus the retail value and cost to repair factor into the cost of car insurance, they are not the only factors considered. Here are a few other criteria used by insurance companies to determine the base pricing for a particular make and model:
- Price of parts: As a luxury SUV, the price of parts to repair the Range Rover will typically be higher than the average car. This is one of the reasons why a luxury car is more expensive to insure than a more economical car.
- Safety features: Generally, the more safety features a car has, the lower the cost can be to insure it. The Range Rover has standard features like front and passenger air bags, traction control, front and rear parking assistance, cruise control, lane departure warning and emergency braking, which can potentially help offset the cost of insuring it.
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Cheapest car insurance companies for Range Rovers
The best way to find the cheapest car insurance company for your Range Rover is to shop for quotes. We compared rates from the largest car insurance companies based on market share to illustrate the potential savings. For our sample driver, Amica has the cheapest car insurance rates for a Range Rover, while Erie has the highest costs for car insurance per year. However, the rate you pay for a Range Rover may differ from these averages, as determined by your driving history, location and other factors.
Average annual premium for full coverage by model
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Range Rover features that impact insurance costs
When purchasing a Range Rover, the cost of car insurance can be lowered by certain features, especially safety features. The Range Rover has several standard safety features that could affect your car insurance rates:
- Air bags: Having driver and passenger air bags are one way the cost of insuring a Range Rover can be affected. The air bags protect the occupants in the front, which can lower the cost of a claim for injuries.
- Electronic traction control: This feature helps to stabilize the Range Rover and improve traction, applying the brakes if needed to help the driver stay in control of the vehicle and limit the chances of causing an accident.
- Emergency brake assist: If you apply the brakes quickly, the Range Rover will apply greater pressure on the anti-lock braking system, helping you to come to a complete stop faster. This feature can lower the risk of an accident and may save you on your car insurance premiums.
- Emergency braking: This safety feature can reduce the risk of an accident or the severity of it by applying the brakes if sensors detect another vehicle or person.
- Cruise control with speed limiter: Range Rovers come equipped with a cruise control system that allows the vehicle to travel at a certain speed without the driver touching the accelerator. Range Rover cruise control is unique in that the vehicle’s speed automatically reduces if a vehicle ahead is slowing down. This feature may help you avoid a crash, which may help you save on your car insurance.
- Front and rear parking aid: Cameras on the front and back of each Range Rover help drivers navigate into tight spaces. The vehicle delivers warnings audibly and visually to help drivers avoid an accident. This assistance may help you save on your car insurance.
- Lane departure warning: This feature displays an icon of your vehicle shown within its lane. The vehicle icon lights up in red to warn the driver if the vehicle is departing from the lane. The system may help drivers stay focused and avoid accidents, which could help lower car insurance costs.
Other car insurance coverage for a Range Rover
Each state except New Hampshire and Virginia has requirements for the minimum amount of insurance that drivers need to drive legally. Though minimum liability coverage is typically much cheaper than full coverage insurance, Range Rover owners may prefer to consider higher liability limits. Most insurance experts recommend purchasing as much liability insurance as you can reasonably afford, since higher limits provide greater protection for your finances in the long run. The higher your liability limits, the less likely you will be to pay out-of-pocket if you are sued for injuries or damages you cause in an accident.
Range Rover drivers may also want to consider other car insurance coverage types to help protect their finances in the event of an accident. Full coverage insurance describes coverage that includes collision and comprehensive coverage. Collision coverage pays out if your Range Rover is damaged in a covered accident, regardless of fault. Comprehensive coverage pays out to cover damage not covered under collision insurance, such as weather damage, hitting an animal, vandalism and theft.
You may want to consider your individual circumstances to determine what add-on coverage options you might need. If you finance or lease your vehicle, you may be required to purchase gap insurance, which pays the difference between what you owe on your new vehicle and what it’s worth if you were to total it. If you’re worried about the possibility of totaling your car, you may want to consider new car replacement coverage, which could pay out to cover the cost of buying a brand new Range Rover.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Land Rover Range Rover, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.