Are SUV’s more expensive to insure than luxury cars?
AIS Answer: They can be, but it completely depends on the two vehicles, the location, and ultimately the driver. Assuming all things being equal (location, drivers), there are still a few variables that would effect the insurance premium on either the SUV or the luxury car. • Repair Cost: If the vehicle is expensive to fix, the cost will be passed along to the insured. It doesn’t matter if it’s an SUV or a luxury car, expensive repairs are something insurance companies are trying to avoid. • Safety/Safety Features: Vehicles that haven’t scored well in highway safety studies are less likely to be as safe as those that scored well, and insurance rates will reflect that.¬† An unsafe car (SUV or otherwise) can lead to costly claims, and a vehicle with a track record of being unsafe will more than likely cost you more to insure. • Vehicle Theft Rate: Like it or not, vehicles are stolen. If your vehicle is a desirable model and is shown to have a high theft-rate, you can expect to pay more t
