Large SUV Insurance Rate Comparisons

How much is car insurance on full-size SUVs? Sticker shock for a big SUV doesn't necessarily translate into high insurance rates. Find out which large SUVs have the cheapest rates.

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The large SUV segment hit a peak in 2019 before the Covid epidemic flatlined all vehicle sales. With models like the Chevy Suburban having a sales decrease of 39.1% and other models following closely behind, 2022 should show a significant uptick in sales for all models.

Insurance companies, on the other hand, had a surplus of revenue due to the lockdowns imposed by the pandemic. Fewer accidents and claims resulted in a revenue surplus that many companies returned to policyholders as refunds or premium reductions.

How will insurance costs be affected in 2022? Here’s to hoping rates stay down, but chances are pretty good that as we start resuming a normal lifestyle, car insurance rates will also return to normal.

Let’s take a look at how the 2022 crop of large SUVs currently compare when it comes to the cost of insurance.

How much does it cost to insure the average large SUV?

The cheapest large SUV to insure is the Chevrolet Tahoe, costing on average $1,532 per year to insure. Ranked #2 is the Chevrolet Suburban, costing $1,578 per year, and third place goes to the Toyota Sequoia at $1,586 annually.

Considering the sticker price on some models exceeds $70,000 and even $100,000 for the most expensive models, large SUVs do cost more to insure, but not as much as you might expect due primarily to their good safety ratings and lower liability insurance rates.

The table below shows large SUV rankings by annual and monthly insurance policy cost. When researching new models and large SUV reviews, insurance cost is definitely a factor to consider when buying one of these vehicles.

Large SUV Insurance Cost Comparison
Rank Make/Model Annual Cost Monthly Cost
1Chevrolet Tahoe$1,532$128
2Chevrolet Suburban$1,578$132
3Toyota Sequoia$1,586$132
4Ford Expedition$1,622$135
5Nissan Armada$1,690$141
6GMC Yukon$1,694$141
7Jeep Wagoneer$1,820$152
8GMC Hummer EV$1,928$161
9Jeep Grand Wagoneer$2,030$169

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 30, 2022
    Large SUV Insurance Cost Comparison

    As a monthly expense, auto insurance for the large SUV segment ranges from $128 to $169 per month. Assumptions made for these rates include full coverage, a middle-aged safe driver, and rates are averaged for all trim levels for each vehicle model.

    When compared to the national average car insurance rate for all vehicles, large SUVs tend to cost a little more to insure on average, $1,720 versus $1,567 per year. That’s a difference of 8.9%. Some models will fall below the national average rate and some above, as trim level is a big factor on the final rate.

    There are about 10 large luxury SUVs that we perform a separate comparison on, so if you were wondering why vehicles like the Lincoln Navigator and Cadillac Escalade were not included in this comparison, now you know.

    Which large SUV is cheapest to insure?

    The cheapest 2022 model year large SUV to insure is the Chevrolet Tahoe, costing $1,532 per year. This breaks down to $766 for a 6-month policy or about $128 per month. With the average large SUV costing $1,720 per year for insurance, the Chevrolet Tahoe can potentially save around $188 a year, or about 10.9%.

    The Chevrolet Suburban comes in a close second to the Chevrolet Tahoe, costing an average of $1,578 per year. Ranked third is the Toyota Sequoia, with an average annual insurance rate of $1,586 per year.

    Also see our complete SUV insurance cost comparison including compact and mid-size models to find out overall what is the cheapest SUV to insure.

    Which full-size SUV is most expensive to insure?

    The most expensive large SUV to insure is the 2022 Jeep Grand Wagoneer, costing $2,030 per year. It will cost around $498 more to insure a Jeep Grand Wagoneer each year compared to the cheapest large SUV to insure, the Chevrolet Tahoe.

    At $2,030 a year, that is a 15.3% premium over the $1,720 average for the large SUV class, and 22.8% more than the national average car insurance rate (all vehicles) of $1,567.

    What is the average insurance cost for a large SUV?

    The average insurance rate for all vehicles in our large SUV insurance cost comparison is $1,720 per year. As mentioned earlier, this is a little higher than the overall all-vehicle national average insurance rate of $1,567, an extra cost of $153 per year.

    The Chevrolet Tahoe is the most popular large SUV in America, outselling the second place GMC Yukon by just under 7,000 units in the third quarter of 2021.

    Those two models both saw sales increases in 2021, along with the Suburban. The Ford Expedition, Nissan Armada, and Toyota Sequoia all saw sales drop for 2021.

    According to Edmunds, the 2022 Chevy Suburban and GMC Yukon are tied for the best large SUV, both rating 7.6 out of 10. In third place is the Ford Expedition at 7.5 out of 10.

    Does the Expedition or Suburban have cheaper insurance?

    The 2022 Ford Expedition has an average insurance cost of $1,622 and the 2022 Chevy Suburban is $1,578, making the Chevrolet Suburban cheaper by $44 per year.

    Is Yukon XL or Suburban insurance cheaper?

    The 2022 Yukon insurance cost is $1,694 (averaged for both regular and XL models), while the 2022 Chevy Suburban is $1,578, making the Chevrolet Suburban cheaper by $116 per year.