As you in all probability know, quite a few factors are used by insurance providers so that they can determine insurance premiums.
Without doubt, the make and model of your car plays an important role.
And that makes sense.
It would not be sensible if all automobiles call for exactly the same amount of insurance cover.
Its common-sense to expect that fast and exotic vehicles are more expensive to insure.
Bigger engines generate more hp and as far as your insurance company is concerned, this means higher insurance premiums.
Nevertheless, does this really mean that larger vehicles are generally costlier to insure than smaller ones? The answer, believe it or not, is NO.
Statistically, SUVs are more affordable to insure than many cars.
You are most likely wondering why? Well, there are two main reasons, both relevant to the type of road users who commonly own such vehicles.
SUVs are typically family vehicles.
It is just natural for moms and dads who are driving their youngsters to school or football practice to be more careful on the road.
They tend not to drive during the night or in bad weather conditions.
What this signifies, of course, is that SUVs have better "accident history" than some other vehicles.
Its more likely that a young driver will cause a crash with a small and less powerful car, than a mom driving an SUV on her way to the shopping center.
Insurance companies pay quite a lot of attention to these statistics.
If a certain make and model has a good accident history, than its owners will take advantage of cheaper insurance premiums.
One more reason why SUVs cost less to insure is safety.
Most family vehicles are packed with safety features, which is one of their main selling points.
A solid arguing point here is that SUVs aren't really the most ecologically friendly vehicles out there.
It will not be a complete shock if in the very near future insurers start giving discounted rates to "greener" vehicles.