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SUV Auto Insurance: Is It Different from a Regular Car Insurance?

Updated: September 2, 2018

For individuals who have larger vehicles, there is a tendency to think that they need SUV auto insurance.

In truth, there is little difference in the actual policies when it comes to SUV auto insurance and regular car insurance.

The major difference between SUV auto insurance and regular car insurance comes in the form of the prices.

Individuals who have SUVs and similarly large vehicles are going to experience higher auto insurance premiums.

The higher premiums reflect the fact that SUVs are more expensive to replace or repair and more likely to cause significant damage in an accident.

What is SUV Auto Insurance?

In specific terms, there is no special type of policy known as SUV auto insurance. Instead, it is a blanket term that is used to define car insurance policies that are specific to SUVs.

There is the option of liability insurance, comprehensive insurance and collision insurance coverage available to buyers.

When an individual buys an SUV, they need to get auto insurance for their vehicle. This is done in the same way that any car buyer will get a new insurance policy. However, the money paid for SUV auto insurance is often different than regular car insurance.

SUV auto insurance comes with different coverage categories. There is the option of liability insurance, comprehensive insurance and collision insurance coverage available to buyers. Liability insurance is often mandatory, while comprehensive and collision coverages are optional.

If the SUV is bought through an auto loan, the loan company will have specific types of insurance that are mandatory.

For example, a vast majority of loan companies make it mandatory for the car owner to purchase comprehensive and collision coverage. This gives the vehicle extra protection in the event of an accident, which is important to the loan company.

Differences Between SUV Auto Insurance and Regular Car Insurance

It is rather interesting to look at how the differences between SUV auto insurance and regular car insurance play out with respect to policy categories.

Another aspect of SUV auto insurance that costs more than regular car insurance is comprehensive coverage.

For instance, most modern SUVs will have lower premium rates for personal injury protection add-ons. This is because modern SUVs take great care to install features to prevent injuries to drivers and passengers during an accident.

However, these SUVs will probably cost more in terms of liability coverage, because they cause a lot more damage when involved in an accident. When comparing a sizeable SUV to a regular road car, the SUV will damage the other vehicle involved in an accident a lot more than a normal car.

Another aspect of SUV auto insurance that costs more than regular car insurance is comprehensive coverage. This coverage is more expensive for SUVs because they are more likely to get stolen or vandalized.

Collision coverage is also more expensive for SUVs because they cost more to repair or replace after an accident. This means that most SUV owners can expect to pay a lot more for insurance than people who own smaller cars.

How to Save Money on SUV Auto Insurance?

For those who want to save money on SUV auto insurance, there are several options. Getting a cheaper SUV insurance policy is possible through demonstrating a positive driving and traffic violations record.

If you do not have an outstanding car loan contract on the SUV, you can drop comprehensive and/or collision coverage.

This means that individuals who have never been in an accident, or have no traffic violations on their record, will receive quotes with lower premium rates.

Another way to save money on SUV auto insurance is by getting a limited level of coverage. If you do not have an outstanding car loan contract on the SUV, you can drop comprehensive and/or collision coverage. This may provide less coverage, but it drastically reduces premium rates.

It is also possible for SUV owners to increase their deductible on the SUV insurance policy. A higher deductible means having to pay more out of pocket for each accident, but it comes with much lower monthly premiums.

Certain types of SUVs are more expensive than others to insure, depending on their model year and safety rating. Customers can take this into account when making a car purchase.

Types of Coverage for SUVs

As mentioned earlier, there are three major categories for SUV insurance: comprehensive, collision and liability insurance. What is the purpose of each category?

Roadside assistance is very useful because it includes the cost of emergency towing or other services within the policy.

Comprehensive insurance provides coverage for the SUV when it is parked or in your garage. This protects the car from theft, vandals or natural disaster damage. Meanwhile, collision coverage will cover the cost of car repairs if you cause an accident through negligence.

It is liability insurance that is mandatory in most American states. This type of insurance coverage is designed to protect the innocent party in an accident. If you have liability insurance and you cause an accident, your insurance provider will pay for the other party’s car damage and/or medical expenses.

There are other add-ons available for SUV auto insurance. For example, insured individuals can add roadside assistance or personal injury protection to their policies. Roadside assistance is very useful because it includes the cost of emergency towing or other services within the policy.

The level of coverage you get depends on a number of factors, such as the SUVs value, how often you drive the car and what premiums you can afford.

What to Consider When Looking at New SUVs for Sale

Companies such as IIHS make a living out of providing safety ratings for all the latest cars and SUVs that are sold in the United States. The idea behind IIHS is to give consumers and insurance companies an idea of how a particular vehicle performs in terms of road safety.

For those individuals who want to save money on their monthly vehicle expenses, it is vital to consider SUVs with better gas mileage.

If you are looking at new SUVs for sale, it is very important to consider the IIHS rating of the models that are on your list. Cars with bad safety ratings with inevitably come with higher insurance premiums. SUVs that include built-in safety features to prevent injuries during an accident will carry lower premium rates.

For those individuals who want to save money on their monthly vehicle expenses, it is vital to consider SUVs with better gas mileage.

While gas mileage does not impact insurance premiums, it does impact how much money you pay per month in relation to the vehicle.

Also take a look at reports from different states regarding the SUV models that are most likely to fall victim to theft or vandalism.