If you’re in the market for a used SUV, one of your considerations should also be how much you’ll need to pay for insurance. Here we take a look at some of the cheapest used SUVs to insure.
Consulting the experts always makes sense, so we’ve taken a look at makes and models referenced by Insure.com and InsWeb.com, two leading providers of lists of the most and least expensive vehicles to insure.
For 2011, the Insure.com list, as reported in Cars.com’s Kicking Tires includes four models of Jeep in the top 20 least expensive vehicles to insure. These are the 2011 Sport (four-wheel drive, four-door), Wrangler Unlimited Sahara (two-wheel drive, four-door), Patriot Sport (two-wheel drive, four-door), and Wrangler Sport (four-wheel drive, two-door).
Other 2011 SUVs on the Insure.com list of cheapest used SUVs to insure include the 2011SL (two-wheel drive, four-door), XLS and XLT (four-wheel drive, four-door), (two-wheel drive, four-door), LX (five-door), Santa Fe GLS (two-wheel drive, four-door), I (two-wheel drive, four-door), and X (all-wheel drive, four-door).
The annual insurance cost (at the time) ranged from $1,127.89 for the 2011 Nissan Murano SL to $1,170.45 for the 2011 Subaru Forester X.
Moving to InsWeb.com and its listing of the least and most expensive vehicles to insure for 2010, we find that 2010 Ford Escape is number three on the list, followed by the fourth-place. The 2010 (built on the same platform as the Ford Escape) is number five, the mid-size is number seven, and the compact is number eight. and are numbers 17 and 18, respectively, while the Honda CR-V and the compact crossovers are in spots 22 and 24, respectively. The last SUV on the list of cheapest used SUVs to insure is another compact SUV, the 2010 Subaru Forester.
Of course, what you pay to insure your vehicle depends not only on the driver’s driving history, but also on the given vehicle’s propensity to be involved in crashes, how much it costs to repair that type of vehicle, and other factors. As a general rule, again, based on statistical evidence of crashes, family vehicles tend to cost less to insure than performance or sporty vehicles or those considered luxury vehicles.
So, how do you know what it will cost to insure a particular used SUV you’re looking to buy? For more tips on car insurance, visit our section on car insurance where you can get additional tips or c0mpare auto insurance quotes from multiple carriers.
Don’t let insurance be the only factor you consider when buying a used SUV, but keep in mind that insurance is something you have to have. It’s not a luxury. And you do have to buy it every year. It may pay to trade off certain makes and models to get one that has a lower annual cost of insurance.