Is it possible that auto insurance for SUV is less costly?
As you may in all probability know, a number of factors are being used by insurance providers in order to calculate insurance premiums. Undoubtedly , the make and model of your vehicle plays a huge role. And rightly so. It wouldn’t be reasonable if all vehicles call for exactly the same level of insurance cover.
Its common-sense to think that sport and expensive vehicles cost more to insure. Larger motors generate more hp and as far as your insurance provider is concerned, this would mean higher insurance premiums.
Nevertheless, does this actually mean that larger vehicles are always more expensive to insure than small ones? The answer, believe it or not, is NO. Statistically, SUVs are less expensive to insure than most cars. You are almost certainly wondering why?
Ok, there are actually 2 main factors, both linked to the type of motorists who generally own such cars. SUVs are commonly family vehicles. Its only natural for mothers and fathers who are driving their young children to school or football practice to be more careful on the road. They usually do not drive during the night or in poor weather conditions. What this signifies, obviously, is that SUVs have better “accident history” than other cars. Its more probable that a young driver will cause a car accident with a small and less powerful car, than a mother driving an SUV on her way to the supermarket.
Insurance carriers pay a great deal of attention to these statistics. If a specific make and model has an excellent accident history, than its owners will reap the benefits of cheaper insurance costs.
One more reason why SUVs are cheaper to insure is basic safety. Many family vehicles are packed with safety features, which is certainly one of their main selling factors.
A good arguing point here is that SUVs aren’t exactly the most ecologically friendly vehicles out there. It won’t be a total surprise if in the near future insurance carriers start giving discount rates to “greener” cars. For now, having a SUV means that you have a better chance of finding affordable auto insurance.
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