SUVs are popular vehicles for their versatility, spaciousness, and off-road capabilities.
They also provide a sense of security and ruggedness that many drivers prefer. However, as the saying goes, with great power comes great responsibility.
SUVs may be more expensive to insure and require more extensive coverage than their sedan counterparts. In this post, we’ll discuss the various SUV insurance coverage available and help you decide on your auto insurance needs.
What types of insurance can best protect your ride? Buckle up because we’ve got the lowdown on all the insurance options for your trusty SUV.
We've got you covered, from comprehensive coverage for unexpected mishaps to liability insurance for fender benders.
Liability Insurance
Liability insurance is mandatory in most states and covers damages you may cause to another person, their vehicle, or their property while driving your SUV. This coverage has a set limit; you can choose the coverage amount based on your needs.
For instance, if you cause an accident resulting in a lawsuit, liability coverage will help protect you against legal fees, settlements, and damages you may incur. (However, it’s important to note that liability coverage will not cover your injuries or damage to your SUV in case of an accident.)
Collision Insurance
Collision insurance covers damages to your SUV in the event of an accident. It includes damage that occurs because of collisions with other vehicles or objects, such as walls or trees.
If your SUV is damaged beyond repair, collision insurance will cover the cost of replacing the vehicle. The deductible you choose determines your premium payments, and a higher deductible typically means lower premium payments.
Comprehensive Insurance
Comprehensive insurance covers damage to your SUV that isn’t related to collisions, such as theft, vandalism, fire, and natural disasters. It will also cover damage to your SUV caused by falling objects, floods, and even animal collisions.
Comprehensive coverage isn’t mandatory, but it’s recommended, especially for drivers in areas prone to natural disasters or high car theft rates.
Uninsured/Underinsured Motorist Insurance
Uninsured/Underinsured motorist insurance covers damage caused by other drivers who don’t have enough insurance coverage or none at all. This coverage includes medical and property damage expenses that may arise from an accident caused by an uninsured or underinsured driver.
It’s vital to note that this coverage varies by state, so you should talk to your insurance provider about your options.
For an SUV, auto insurance rates will vary by various factors, such as make and model. Generally, SUVs cost more to insure than cars because of their heavier weight and higher risk of rollovers.
In terms of coverage level and coverage limits, being insured for liability with additional coverage is recommended for any vehicle due to the increasing costs associated with car repairs and medical care. According to Bankrate, it costs an average of $1,674 annually to insure an SUV with full coverage.
However, there are some steps that policyholders can take to reduce their car insurance rates, including comparing quotes from multiple insurers as well as improving driving records by taking safety classes or other related courses.
Safety Features Positively Affect Auto Insurance Rates
SUVs have come a long way in recent years, with improved stability and safety features that give drivers unprecedented protection. (And this affects your auto insurance rates.)
While older models may feature crumple zones and rear-view cameras, many of today’s SUV models include lane-keeping assistance, curvy road sensors, automatic emergency braking, and airbags that protect the front seats and all three rows if the vehicle has them. This advanced technology helps cushion or even avoid severe impacts from both sides and behind, making modern SUVs safer than their predecessors and positively affecting SUV car insurance rates.
Browsing the SUV market for new wheels can be time-consuming and costly, especially if you’re looking for the cheapest car to insure. Thankfully, some makes and models stand out for offering more affordable full-coverage insurance plans.
The Jeep Wrangler, Honda CR-V, and Subaru Forester are among the top SUVs with the cheapest insurance rates, giving you comprehensive coverage at a reasonable price. If you’ve got your eyes on one of these vehicles, research potential policies before making a final decision.
Owning an SUV requires careful consideration when purchasing insurance. Liability insurance is mandatory, and we highly recommend collision and comprehensive coverage to protect against damages to your SUV in a variety of scenarios. Additionally, uninsured/underinsured motorist insurance is essential to protect against damages caused by other drivers who do not have enough coverage.
Shop and get quotes from various insurers to find the best coverage for your needs. By understanding your insurance options, you can rest easy knowing your SUV is protected.
If you need help finding the best SUV insurance coverage for the best price, start by speaking to a SimplyIOA agent at 833.872.4467 or get an auto insurance quote online now.