SUV Insurance Premium — Why It’s Really High And Suggestions To Make Yours Lower

When you buy a sport utility vehicle, you think of power, ruggedness and the ability to take your vehicle off-road and virtually do the impossible. What does NOT usually occur to you is what you might have to pay as insurance rates for such features. Painfully, most SUV owners pay a lot more than they would if they knew a few things. There’s a reason for everything and we’ll show you those that make SUV’s insurance-unfriendly along with tips to help you spend less…

The risk associated with giving you the level of coverage you demand is what generally determines how much you pay as rate. That is, if an insurer thinks you’ll cost them 50% more than profile X, your rates would be at least 50% more than that of profile X. Following are things that make an SUV a worse risk than cars…

1. In the event of a collision, they generally cause more than small vehicles. Because of their build, ruggedness and design they do more damage to other vehicles. If the collision involves smaller vehicles, the passengers in those other vehicles are, therefore, exposed to greater danger.

2. SUV’s are considered to have a lower safety rating than cars. The likelihood of somersaulting is higher with an SUV due to its higher center of gravity.

3. If there’s need to repair an SUV, it would be at a greater cost.

4. Many of them seem to catch the fancy of thieving rats. This means that they are more likely to be stolen than other vehicles.

Are there things you can do to pay less? Are there tips or actions you can take to help you get cheaper auto insurance rates? Yes…

1. Opt for very high deductibles.

2. If you can. avoid making claims for things you can handle with relative ease. Leave claims for only big stuff. Staying claims free for a number of years will make you eligible for a NO Claims Bonus.

3. Make sure your credit rating is excellent before applying for your policy.

4. It will help a lot if your SUV is always packed in a garage.

5. Do your best to have every recommended safety gadget.

6. Some SUV’s are more insurance-friendly than others. So check before you pay for your vehicle.

7. Make sure you maintain an excellent driving record.

8. If you have other vehicles, try insuring this one with the same insurer. But do note that although doing this will get your a multi-vehicle discount, you might still save more on the whole by looking for the best rate from different carriers for each individual vehicle. To ensure you choose the option that brings more savings, check what you’ll save if you insure each vehicle with a different insurer and see how it compares with what you’d save if you bought coverage for them all from one insurer.

9. If you’re a married man, have your SUV insured in your wife’s name and be named the secondary driver. Take advantage of the fact that insurers consider women a better risk than men.

10. Obtain and compare quotes from a very wide range of insurers. Different insurers will give different quotes to the exact same profile for reasons beyond the scope of this article. Don’t be surprised to find an insurer that will save you over $1,000 in premium dollars.

There are sites that help you save much more both by giving tips and ensuring you are on course for the best rates. Following are are couple of such: compare auto insurance quote and affordable car insurance. Chimezirim has helped many folks realize sizeable savings on insurance.