Is It Cheaper to Insure an SUV or Sedan?
As SUVs have become more eco-friendly, comfortable, and safe, they've emerged as a popular alternative to sedans. If you're weighing costs and benefits in the SUV vs. sedan debate, it's worth diving into the numbers to see which vehicle will cost more to purchase and to insure.
While prices may vary by model, it’s more than $5,000 cheaper on average to buy a sedan than to purchase an SUV. Between the most expensive sedan (Toyota Camry) and the most expensive SUV (Jeep Grand Cherokee), there’s a difference of more than $7,000.
Sedan vs. SUV list prices
|Sedan list values||SUV list values|
|Chevrolet Cruze - $16,975||Honda CR-V - $24,045|
|Honda Accord - $18,640||Chevrolet Equinox - $22,120|
|Ford Fusion - $22,750||Subaru Forester - $22,395|
|Honda Civic - $18,640||Toyota RAV4 - $24,140|
|Honda Civic - $18,640||Nissan Rogue - $23,820|
|Toyota Camry - $18,640||Ford Explorer - $30,185|
|Nissan Altima - $22,500||Jeep Grand Cherokee - $30,395|
If you’re looking for an SUV on a budget, consider the Chevy Equinox or the Subaru Forester. These vehicles' average list value of $22,258 is $2,104 more than the average sedan price, but approximately $3,000 less than that of the typical SUV.
While the average cost of an SUV far surpasses that of a sedan, car insurance costs are comparable. Although rates will depend on your car insurance company and model, SUVs are typically $132 per year cheaper to insure than are sedans.
Average car insurance premiums for sedans and SUVs
|Average annual insurance cost: sedans||Average annual insurance cost: SUVs|
|Chevrolet Cruze - $1,372||Honda CR-V - $1,230|
|Honda Accord - $1,421||Chevrolet Equinox - $1,277|
|Honda Odyssey - $1,451||Subaru Forester - $1,324|
|Nissan Altima - $1,504||Toyota RAV4 - $1,329|
|Honda Civic - $1,463||Nissan Rogue - $1,338|
|Toyota Camry - $1,478||Ford Explorer - $1,354|
|Toyota Corolla - $1,486||Jeep Grand Cherokee - $1,391|
If you're car-shopping on a budget, the Honda CR-V (list price $24,045) is the cheapest option, with an average annual premium of just over $1,200. For a standard 6-month policy, you'd pay $615, or $102 per month with a payment plan. The Chevy Cruze (list price $16,975) is the cheapest option among sedans, setting you back $1,372 per year or $686 for a standard 6-month policy.
Although finding cheap car insurance will be important once you've settled on a model, the list price should be your first concern when choosing between SUVs and sedans. If you’re looking for more information on top SUVs and sedans, including rates from actual car insurance companies, see our articles below. Already found the car of your dreams? Enter your zip code below to see which car insurance company is the cheapest for you.
Between September and December 2017, The Zebra conducted comprehensive car insurance pricing analysis using its proprietary quote engine, comprising data from insurance rating platforms and public rate filings. We examined nearly 53 million rates, exploring trends for specific auto insurance rating factors across all United States zip codes, averaged by state, including Washington, DC.
Analysis used a consistent base profile for the insured driver: a 30-year-old single male driving a 2013 Honda Accord EX with a good driving history and coverage limits of $50,000 bodily injury liability per person/$100,000 bodily injury liability per accident/$50,000 property damage liability per accident with a $500 deductible for comprehensive and collision.
For coverage level data, optional coverage (that must be rejected in writing) is included where applicable, including uninsured motorist coverage and personal injury protection.
National property and casualty losses information is from the Insurance Information Institute and the NOAA National Centers for Environmental Information U.S. Billion-Dollar Weather and Climate Disasters report.
For vehicle make and model data, analysis referenced the most popular vehicles in the U.S. by 2016 year-end sales according to Goodcarbadcar.net’s automakers’ data. Finally, some rate data may vary slightly throughout report based on rounding.