In comparison to other vehicles – is SUV auto insurance genuinely cheaper?

November 19, 2010 at 4:11 pm (Auto Insurance) ()

As you may in all probability know, numerous factors are being used by insurance companies so that they can determine premiums. Without doubt , the make and model of your car plays a huge role. And that makes sense. It would not be fair if all vehicles call for the same level of insurance cover.

Its common-sense to expect that fast and expensive cars can be more expensive to insure. Bigger motors generate more hp and as far as your insurance carrier is concerned, it means higher rates.

However, does this actually mean that bigger vehicles are generally costlier to insure than small ones? The answer, believe it or not, is NO. Statistically, SUVs are less expensive to insure than a lot of cars. You are almost certainly asking yourself why?

Well, there are actually 2 main factors, both linked to the kind of motorists who generally own such cars. SUVs are commonly family vehicles. Its only natural for parents who are driving their little ones to school or basketball practice to be far more careful on the road. They usually do not drive during the night or in poor conditions. What this signifies, obviously, is that SUVs have better “accident history” than other vehicles. Its more probable that a young driver will cause a car accident with a small and less powerful car, than a mom driving an SUV on her way to the mall.

Insurers pay quite a lot of attention to these statistics. If a certain make and model has a great accident history, than its drivers will benefit from cheaper premiums.

One more reason why SUVs are less costly to insure is basic safety. Just about all family autos are loaded with safety features, which is one of their primary selling points.

A solid arguing point here is that SUVs are not really the most eco friendly vehicles out there. It will not be a complete surprise if in the near future insurance companies start giving discount rates to “greener” vehicles. For the moment, having a SUV means that you have a better chance of finding affordable auto insurance.

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