As you almost certainly know, several variables are used by insurers in order to calculate premiums. No doubt , the make and model of your car plays a huge role. And rightly so. It wouldn’t be good if all cars require exactly the same amount of insurance cover.
It really is common sense to expect that sport and exotic vehicles are more expensive to insure. Larger motors generate more horse power and as far as your insurance carrier is concerned, this means higher insurance costs.
Nonetheless, does this really mean that larger vehicles are generally more expensive to insure than smaller ones? The answer, believe it or not, is NO. Statistically, SUVs are cheaper to insure than a lot of cars. You’re almost certainly wondering why?
Well, there are two main reasons, both linked to the type of road users who normally own such cars. SUVs are normally family vehicles. Its just natural for mothers and fathers who are driving their children to school or basketball practice to be far more careful on the road. They tend not to drive during the night or in poor conditions. What this means, obviously, is that SUVs have better “accident history” than various other cars. Its more probable that a young driver will cause a crash with a small and less powerful car, than a mother driving an SUV on her way to the shopping center.
Insurance providers pay quite a lot of attention to these statistics. If a particular model and make has an excellent accident history, than its drivers will take advantage of cheaper premiums.
A further reason why SUVs are cheaper to insure is safety. All family autos are packed with safety features, which is certainly one of their main selling points.
A solid arguing point here is that SUVs aren’t exactly the most eco friendly vehicles out there. It will not be a total surprise if in the near future insurance carriers start giving discounted rates to “greener” cars. For the time being, owning a SUV suggests that you have a better chance of finding affordable car insurance.
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