Car insurance for SUVs

1
GoodLifeStudio/Getty Images
Bankrate Logo

Why you can trust Bankrate

While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .

Sport utility vehicles (SUVs) have become the popular alternative to a sedan, offering greater comfort, convenience and elbow room. But the added luxuries can come at a price. The average cost of insuring an SUV can be more expensive than insuring a sedan. But the price varies greatly based upon the insurance provider, make and model of the vehicle and your location. Car insurance is required in most states, so it helps to know how much it might cost to insure your SUV where you live and how you can save on premiums.

How much does it cost to insure an SUV

The average cost of full coverage car insurance in the U.S. is $1,674 a year. Insuring an SUV can often be within this range but can also be higher depending upon different makes and models. For instance, a Honda CR-V costs a yearly average of $487 for minimum coverage and $1,369 for full coverage. In comparison, insuring a Nissan Rogue is slightly more expensive at $507 for minimum coverage and $1,560 for full coverage insurance, respectively.

The size of the vehicle, the cost to repair it and the safety features are deciding factors for auto insurance companies to help determine premiums. The bigger the car, the higher the risk of causing damage in an accident. SUVs with advanced safety features and those that rank low on the claims index may be cheaper to insure than models that have had high instances of theft and claims in the recent past. The following table indicates the average cost of insuring some of the most popular SUVs of today.

SUV car insurance by make and model Average annual minimum coverage premium Average annual full coverage premium
Chevrolet Equinox $495 $1,467
Ford Escape $495 $1,430
Ford Explorer $492 $1,536
Honda CR-V $487 $1,369
Jeep Grand Cherokee $516 $1,531
Jeep Wrangler $517 $1,358
Nissan Rogue $507 $1,560
Subaru Forester $459 $1,419
Toyota Highlander $498 $1,511
Toyota RAV4 $501 $1,510

Cheapest car insurance companies for Chevrolet Equinox

As one of the most popular crossovers in the market, the Chevy Equinox is also one of the cheapest SUVs to insure. The following table indicates the cost of insuring this make and model with some of the top insurers.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $341 $1,061
Geico $386 $1,217
State Farm $438 $1,264
Erie $430 $1,306
Amica $396 $1,199

Cheapest car insurance companies for Ford Escape

If you want a reliable crossover, then the Ford Escape is one of the least expensive SUVs to insure. The following are the rates of insuring this vehicle from the top five insurance companies in the market.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $350 $1,073
Geico $370 $1,103
State Farm $456 $1,313
Erie $430 $1,179
Amica $396 $1,171

Cheapest car insurance companies for Ford Explorer

A mid-size, seven-seater SUV, Ford Explorer is a popular choice for families because of the roomy interiors and fuel efficiency. The following table indicates the cost of insuring this model if you choose one of the industry’s major insurance providers.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $356 $1,180
Geico $396 $1,304
State Farm $438 $1,371
Erie $353 $1,134
Amica $379 $1,247

Cheapest car insurance companies for Honda CR-V

Honda is often known for its reliability. The CR-V is attractive and sophisticated, with a turbocharged engine and a whole host of interior features. The table indicates the SUV insurance rates for this model.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $343 $1,054
Geico $369 $1,033
State Farm $431 $1,229
Erie $367 $1,134
Amica $416 $1,098

Cheapest car insurance companies for Jeep Grand Cherokee

The Jeep Grand Cherokee combines luxury with the reliability of Jeep. It is a strong, stable SUV that will last you years. The cost of insuring this performance vehicle is as follows:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $379 $1,201
Geico $410 $1,329
State Farm $456 $1,348
Erie $430 $1,255
Amica $396 $1,232

Cheapest car insurance companies for Jeep Wrangler

Robust and sturdy, the Jeep Wrangler is a performance-oriented model designed to withstand the elements. If you plan to purchase this vehicle, take a look at this table to learn how much it costs to insure.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $365 $1,094
Geico $373 $1,125
State Farm $480 $1,283
Erie $361 $1,124
Amica $416 $915

Cheapest car insurance companies for Nissan Rogue

Classy interiors and great gas mileage are the highlights of the Nissan Rogue. The cost of SUV insurance for this model is as follows:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $349 $1,114
Geico $357 $1,182
State Farm $478 $1,359
Erie $371 $1,199
Amica $367 $1,233

Cheapest car insurance companies for Subaru Forester

This five-seater SUV is best for practical-minded customers that want to combine comfort and convenience with affordability. The cost of insuring the Subaru Forester is average according to industry standards as highlighted in the following table.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $341 $1,094
Geico $333 $1,072
State Farm $420 $1,266
Erie $430 $1,178
Amica $396 $1,116

Cheapest car insurance companies for Toyota Highlander

Make your vehicle your companion for adventures with the Toyota Highlander, a mid-size SUV with three rows and excellent standard features. Find out how much it costs to insure from the following table.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $359 $1,137
Geico $370 $1,230
State Farm $450 $1,384
Erie $359 $1,141
Amica $396 $1,167

Cheapest car insurance companies for Toyota RAV4

Smaller families can rely on this compact vehicle with excellent safety ratings, stylish interiors, and roomy cargo. If you own the Toyota RAV4, the following table lists the average price you could pay for insurance with some of the most popular providers.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $340 $1,100
Geico $348 $1,028
State Farm $478 $1,358
Erie $371 $1,229
Amica $379 $1,185

Other car insurance coverage for SUVs

The cost of SUVs may not always be the cheapest cars to insure. To help repair your SUV against damage, it is a wise choice to have the right coverages. These may include:

  • Collision and comprehensive for coverage against crashes, vandalism, theft and weather damage.
  • Uninsured/underinsured motorist for coverage in case of accidents with drivers who have little to no insurance.
  • Rental reimbursement coverage to help pay for expenses of renting a vehicle while your car is in repair from a covered claim.
  • Towing and labor for coverage in case of an unexpected breakdown on the road.
  • New car replacement to help pay for a brand new vehicle if your car is totaled or stolen within the first year.
  • Custom equipment to help pay for replacements of expensive and customized parts.

If your car is financed, it may also be a good idea to include GAP insurance. Gap coverage helps pay for the outstanding loan amount if your car is totaled or stolen before the loan has been paid off.

Frequently asked questions

What is the best car insurance company?

Since insurance is state-regulated and every person’s needs are different, no one company can claim to be the best. But some of the best-known car insurance companies in the country are the ones that have consistently delivered excellent customer service, competitive rates, plenty of discounts and coverage options. Researching more about the available car insurance companies in your area can help you find the right fit for your needs.

Is an SUV more economical than a sedan?

SUVs are usually more expensive than sedans and typically have less fuel efficiency. However, certain SUVs may offer better fuel economy and are good for those with big families.

How can I save on SUV insurance?

Most insurers offer several car insurance discounts that have the potential to lower premiums by a few hundred dollars annually. Also, investing in a vehicle that ranks high in safety features and has minimal fancy add-ons can be cheaper to insure. If you are shopping for an SUV, consider speaking to your insurance agent to obtain quotes for the vehicles you are looking at before deciding which one to purchase. This way, you will not have any surprises on insurance costs once you decide which SUV to buy.

Methodology

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 coverages that meet each state’s requirements. Our base profile drivers own a 2019 SUV of the following types, commute five days a week and drive 12,000 miles annually.

SUV models:

  • Chevrolet Equinox
  • Ford Escape
  • Ford Explorer
  • Honda CR-V
  • Jeep Grand Cherokee
  • Jeep Wrangler
  • Nissan Rogue
  • Subaru Forester
  • Toyota Highlander
  • Toyota RAV4

These are sample rates and should only be used for comparative purposes.

Written by
Cynthia Widmayer
Insurance Contributor
Cynthia Widmayer has over two years of experience as an insurance and personal finance writer. She covers home, car and life insurance products for Bankrate, the Simple Dollar, and Coverage.com, among others.