Sport utility vehicles, or SUVs, are a category of car that combines elements of off-roaders with passenger cars. They’re large, safe, comfortable, and can imply higher premiums. Insurance helps protect your vehicle; therefore, you must select the appropriate policy. Here is a list of the cheapest SUVs to insure.
What is the Cheapest SUV to Insure?
According to a study of about 180 SUVs, the Subaru Outback is the cheapest to insure, costing an average of $1,851 per year. It has a manufacturer’s suggested retail price of $28,895. Below is a list of SUVs that can be insured cheaply.
Subaru Forester
At $24,495, the Subaru Forester is the second-cheapest SUV. Geico and Nationwide offer low premiums for this vehicle, which vary from person to person. On average, the premiums will cost $1,514 a year and $757 for a sixth-month policy.
Ford Escape
On average, with a monthly premium of $120 and a list price of $24,885, the Ford Escape is the third-cheapest SUV but is also the cheapest to insure. Geico and Nationwide are ideal choices if you’re looking for cheap and best insurance companies.
Jeep Wrangler
On average, insurance for the Jeep Wrangler costs about $752 every six months or $125 every month. USAA and Nationwide offer the cheapest insurance rates, with an average monthly premium of $100. Allstate offers the most expensive insurance at over $2,000 a year.
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Chevrolet Equinox
If you own a 2020 Chevy Equinox, you must pay $1,524 of insurance a year. This is in addition to a sticker cost of about $23,800. To avoid paying a high insurance premium on Equinox, refrain from applying to Farmers and Allstate.
Jeep Cherokee
On average, insurance for a Cherokee will cost about $1,550 a year, with an MSRP of $32,045. To get the cheapest insurance for a Cherokee, sign up with USAA and Nationwide.
Kia Sportage
The insurance cost for this SUV is about $1,444 a year. On average, the auto cost is about $120 per month. Check out USAA, Allied, or Geico for the cheapest deals. Insurance prices can differ for companies that offer the same coverage.
Nissan Rogue
You can get cheap car insurance for Nissan Rogue with USAA and Nationwide. At a list price of $25,00, insurance for this car will cost $1,552 yearly, $776 for six months, or $129 monthly. In Allstate, coverage costs over $2,200 per year.
Subaru Outback
This midsize SUV, costing $28,895, is the cheapest to insure at $1,851 per year. Check Erie, Nationwide, and Travelers to get the cheapest insurance rate on Subaru. North Carolina is the cheapest state for Outback insurance, and Louisiana is the costliest state.
Chevrolet Colorado
The insurance cost for a Chevrolet Colorado ranges from $9 to $81 per month. Get insurance prices from Geico, USAA, and other companies; Allied offers the cheapest rates. Almost 29% of drivers insure their SUVs with average liability limits at full coverage.
Where to Get the Best Car Insurance for Your SUV
SUV insurance costs an average of $2,478. Do your research, shop for quotes, and compare prices before signing up for insurance policies. Policies and charges may differ if you plan on changing your vehicle.
Read Related Article: What is the Cheapest Electric Car to Insure?
Conclusion
Before you buy an SUV, understand the insurance policies and look for companies that offer the cheapest insurance. Conduct online research on Nationwide, USAA, and Geico insurers and compare prices. Look for discounts and offers— good driver, student, payment by bank account, multi-vehicle discount, and more. Once you’ve decided on the insurer, submit the required details and insure your SUV at the cheapest rate.
Also, check Beem for personalized quotes from the industry’s leading providers and get up to 40% off on your preferred coverage. Download the Beem app for any financial support and guidance.
