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Why SUVs Are More Expensive to Insure ?

Ask anyone that’s owned an SUV about their insurance, and there’s one word that you’ll hear again and again: expensive. It’s no secret that insurance premiums vary depending on everything from the driver’s age to the color of the automobile but what is it about SUVs that drives the price up? Below we’ll look at a few reasons why SUVs are more expensive to insure.

One of the main reasons that SUV insurance is so expensive is that the vehicles cost more to purchase and repair than many cars on the road today. SUVs are large and costly vehicles, and as such have a high replacement cost in the event of an accident or theft. Insurance companies place a good deal of weight on vehicle value when calculating insurance premiums, so any car, truck or SUV that is considered a high-cost vehicle will be more expensive to insure.

SUVs typically come with large-displacement engines, and as such insurance companies lump them into the same risk category as other automobiles that do such as sports cars. Any time a driver is behind the wheel of a fast automobile, the risk for the insurance company increases, and they pass this increased risk on in the form of higher insurance premiums. Owners of SUVs with small-displacement engines usually don’t end up paying a higher premium because of their engine or horsepower.

In a collision, SUVs are regarded as safer vehicles than smaller cars and trucks. This safety, however, is largely provided by the SUVs size and mass and when a SUV impacts a smaller vehicle, this size and mass causes serious destruction. Insurance companies know that they will end up having to pay out costly claims to accident victims that suffer injury or automobile damage when impacted by a SUV, so the owner of the larger vehicle ends up paying more in insurance costs to mitigate this risk.

The auto insurance Premium we recommend you to read our post.

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Why SUVs Are More Expensive to Insure ?
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Why SUVs Are More Expensive to Insure ?
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One of the main reasons that SUV insurance is so expensive is that the vehicles cost more to purchase and repair than many cars on the road today. SUVs are large and costly vehicles, and as such have a high replacement cost in the event of an accident or theft. Insurance companies place a good deal of weight on vehicle value when calculating insurance premiums, so any car, truck or SUV that is considered a high-cost vehicle will be more expensive to insure...
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