Driving an SUV has several advantages. From carrying all your gear to taking you on off-road adventures, a sports utility vehicle is versatile and convenient. Plus, they’re cool to drive. But driving an SUV means you may pay more for car insurance.
Factors like higher liability and repair and replacement costs for SUVs can influence the cost of a policy. A few factors cause SUVs to be seen as a higher risk to insurers, including:
- Safety. Rollover accidents, when the vehicle flips onto its side or roof, are more prevalent with SUVs. That’s because SUVs are taller than other vehicles, so their height and width may make them prone to flipping over if they’re hit. However, since 2012, all SUVs include electronic stability control. This safety feature can reduce the risk of losing control of your vehicle in an accident.
- Replacement parts. Another drawback with having an SUV is if it’s damaged in an accident. Luxury SUVs have more expensive parts. Insurers recognize that they can cost more for repairs and replacements if the vehicle is considered a total loss.
- The liability risk. Because SUVs are bigger than standard vehicles, they can cause more damage in an accident. This can lead to higher third-party liability injury claims and property damage in an accident.
- Theft. The theft risk for SUVs is also greater. SUVs and crossover utility vehicles are stolen more because they are popular with thieves, especially those with keyless entry remotes.