SUVs have become the most popular vehicle type in Canada, with many Ontario families choosing them for their versatility, space, and perceived safety. But how does driving an SUV affect your car insurance costs? This guide covers what Ontario SUV owners need to know about their insurance premiums.
How SUVs Are Rated for Insurance
Insurance companies assess SUVs based on several factors that can vary significantly by model:
Safety Ratings
Modern SUVs generally perform well in crash tests, which can positively affect insurance rates:
- Many SUVs receive top safety picks from the IIHS
- Advanced safety features are increasingly standard
- Larger vehicles may provide better occupant protection in certain collisions
However, safety ratings vary significantly between models. Compact crossovers and full-size SUVs have different structural characteristics and safety performance.
Vehicle Size and Weight
The size and weight of SUVs affect insurance considerations:
- Damage to others: Larger, heavier vehicles can cause more damage to other vehicles and property in an accident, potentially increasing liability claim costs
- Repair costs: Larger vehicles may have higher repair costs due to more material and larger parts
- Rollover risk: Taller vehicles have a higher centre of gravity, though modern stability control systems have significantly reduced this risk
Theft Rates
Some SUV models are frequently targeted by thieves. Full-size SUVs and certain luxury models regularly appear on most-stolen vehicle lists. If your SUV model has high theft rates, expect to pay more for comprehensive coverage.
Repair Costs
SUV repair costs depend on the specific model:
- Luxury SUVs have expensive parts and require specialized service
- Mainstream compact crossovers often share parts with sedans, keeping costs reasonable
- Full-size SUVs may have higher costs due to size
SUV Categories and Insurance
Compact Crossovers
Vehicles like the Honda CR-V, Toyota RAV4, Mazda CX-5, and similar models are often the most affordable SUVs to insure. They typically:
- Share platforms with sedan counterparts
- Have excellent safety ratings
- Use readily available parts
- Are not heavily targeted by thieves
Mid-Size SUVs
Three-row SUVs like the Honda Pilot, Toyota Highlander, and Hyundai Palisade often have moderate insurance costs. Their family-oriented nature is associated with lower-risk driving behaviour.
Full-Size SUVs
Large SUVs like the Chevrolet Tahoe, Ford Expedition, and GMC Yukon may have higher insurance costs due to:
- Higher purchase and replacement values
- Larger repair costs
- Some models having elevated theft rates
Luxury SUVs
Premium SUVs from BMW, Mercedes-Benz, Audi, Porsche, and Land Rover carry higher insurance premiums reflecting:
- High vehicle values
- Expensive parts and repairs
- Specialized service requirements
Performance SUVs
High-performance variants like the BMW X5 M, Mercedes-AMG GLE, or Jeep Grand Cherokee Trackhawk combine luxury SUV costs with sports car-like performance ratings, resulting in the highest premiums in the SUV category.
Factors That Affect Your SUV Insurance Rate
Beyond the vehicle itself, your personal factors significantly affect your rate:
Your Driving Record
A clean driving record is more important than the vehicle you drive. Safe drivers pay less regardless of vehicle type.
Your Location
Where you live in Ontario affects your rate. Urban areas with more traffic and theft have higher premiums.
How You Use the Vehicle
Commuting daily versus weekend pleasure use affects your exposure to risk and your premium.
Annual Kilometres
More driving means more risk exposure. If you drive your SUV fewer kilometres annually, you may qualify for lower rates.
Tips for Lowering SUV Insurance Costs
Choose Your Model Wisely
Before purchasing an SUV, get insurance quotes for several models you are considering. The difference between vehicles can be significant.
Consider Security Features
If theft is a concern for your model:
- Park in a secure garage
- Install approved anti-theft devices
- Use visible deterrents like steering wheel locks
Take Advantage of Safety Discounts
SUVs with advanced safety features may qualify for discounts. Ask your insurer about:
- Automatic emergency braking
- Blind-spot monitoring
- Lane departure warning
- Adaptive cruise control
Use Standard Insurance Savings Strategies
- Install winter tires for the mandatory Ontario discount
- Bundle home and auto insurance
- Consider usage-based insurance
- Maintain a clean driving record
- Compare quotes from multiple insurers
Get Your SUV Insurance Quote
The best way to know what you'll pay to insure any SUV is to get personalized quotes based on your specific vehicle, location, and driving history.
Ready to see your rate? Get your free car insurance quote and compare what different insurers charge for your SUV.