Luxury SUVs had a good sales recovery in 2021, but 2022 was a mixed bag of results, primary due to supply chain issues and lack of dealer inventory. SUVs like the Cadillac Escalade and Infiniti QX80 saw a decrease in sales, while the Mercedes G/GL/GLS classes saw increases.
2023 is expected to be an improved year over 2022, as chip shortage issues should eventually be resolved and production of luxury SUVs will return to more normal levels. Prices are expected to remain elevated on new models for the foreseeable future, so how does that impact the cost of car insurance?
We break down average full coverage insurance rates for all luxury SUV manufactures and group them by size to see which is the cheapest luxury SUV to insure in each segment.
What is the cheapest small luxury SUV to insure?
The cheapest 2023 model year small luxury SUV to insure is the Acura RDX, costing $1,472 annually. For a semi-annual or 6-month policy term, expect to pay around $736. For monthly budgeters, this equates to about $123 each month.
Second and third place honors for the cheapest insurance in the small luxury SUV segment go to the Cadillac XT4, costing $1,592 per year, and the Volvo XC40 at $1,622 annually.
The table below details average annual and monthly full coverage insurance rates for the entire compact luxury SUV segment.
Ranked last out of the 37 vehicles in the small luxury SUV class is the Aston Martin DBX, costing an estimated $3,424 per year for auto insurance. That is $1,952 more each year compared to the cheapest small luxury SUV to insure, the Acura RDX.
Which midsize SUV has the cheapest car insurance rates?
The cheapest 2023 model year midsize luxury SUV to insure is the Lexus RX 350, costing $1,578 per year. This breaks down to $789 for a 6-month policy or $132 per month. With the average midsize luxury SUV costing $2,050 per year for insurance, the Lexus RX 350 can potentially save around $472 a year.
The other models ranked in the top five midsize luxury SUVs with the cheapest insurance cost include the Infiniti QX50 at $1,632 per year, the Cadillac XT5 at $1,676, the Cadillac XT6 at $1,716, and the Acura MDX at $1,756.
The table below ranks all 37 vehicles in the midsize luxury SUV class by annual and monthly full coverage insurance cost.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Lexus RX 350 | $1,578 | $132 |
| 2 | Infiniti QX50 | $1,632 | $136 |
| 3 | Cadillac XT5 | $1,676 | $140 |
| 4 | Cadillac XT6 | $1,716 | $143 |
| 5 | Acura MDX | $1,756 | $146 |
| 6 | Lincoln Nautilus | $1,786 | $149 |
| 7 | Lexus RX 350L | $1,804 | $150 |
| 8 | Land Rover Discovery Sport | $1,806 | $151 |
| 9 | Jaguar E-Pace | $1,808 | $151 |
| 10 | Volvo V90 | $1,838 | $153 |
| 11 | Lexus RX 450h | $1,858 | $155 |
| 12 | Lexus GX 460 | $1,880 | $157 |
| 13 | Lexus RX 450hL | $1,890 | $158 |
| 14 | Volvo V60 | $1,896 | $158 |
| 15 | Mercedes-Benz AMG GLB35 | $1,934 | $161 |
| 16 | Genesis GV80 | $1,936 | $161 |
| 17 | Audi SQ5 | $1,940 | $162 |
| 18 | Lincoln Aviator | $1,958 | $163 |
| 19 | Infiniti QX60 | $1,974 | $165 |
| 20 | Mercedes-Benz GLE450 | $1,990 | $166 |
| 21 | Mercedes-Benz GLE350 | $2,014 | $168 |
| 22 | Land Rover Discovery | $2,022 | $169 |
| 23 | Mercedes-Benz AMG GLC43 | $2,056 | $171 |
| 24 | Audi Q7 | $2,104 | $175 |
| 25 | Audi e-tron | $2,174 | $181 |
| 26 | Tesla Model X | $2,184 | $182 |
| 27 | Mercedes-Benz AMG GLE53 | $2,190 | $183 |
| 28 | BMW X5 | $2,230 | $186 |
| 29 | Audi Q8 | $2,238 | $187 |
| 30 | Land Rover Range Rover Sport | $2,254 | $188 |
| 31 | Audi SQ7 | $2,362 | $197 |
| 32 | BMW iX | $2,396 | $200 |
| 33 | BMW X6 | $2,442 | $204 |
| 34 | Porsche Cayenne | $2,462 | $205 |
| 35 | Mercedes-Benz AMG GLE63 | $2,582 | $215 |
| 36 | Audi RS 6 | $2,624 | $219 |
| 37 | BMW XM | $2,872 | $239 |
Coming in last out of the 37 vehicles in the midsize luxury SUV segment is the BMW XM, costing an average of $2,872 annually to insure.
The difference between the cheapest insurance on the Lexus RX 350 and the most expensive for the BMW XM is $1,294 per year, or around $107 per month.
Which large luxury SUV is cheapest to insure?
The 2023 large luxury SUV with the cheapest insurance rates overall is the Volvo XC90, costing an average of $1,820 per year. Drivers can expect to pay around $910 for a 6-month policy term or around $152 each month.
In second place, the Lincoln Navigator costs $2,186 per year, and third place goes to the Infiniti QX80 at $2,200 annually.
The table below ranks all 2023 model year full-size SUVs for insurance affordability, showing both an annual and monthly rate.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Volvo XC90 | $1,820 | $152 |
| 2 | Lincoln Navigator | $2,186 | $182 |
| 3 | Infiniti QX80 | $2,200 | $183 |
| 4 | BMW X7 | $2,240 | $187 |
| 5 | Mercedes-Benz GLS450 | $2,250 | $188 |
| 6 | Cadillac Escalade | $2,444 | $204 |
| 7 | Lexus LX 570 | $2,480 | $207 |
| 8 | Mercedes-Benz EQS 580 SUV | $2,642 | $220 |
| 9 | BMW Alpina XB7 | $2,856 | $238 |
| 10 | Mercedes-Benz G550 | $2,972 | $248 |
| 11 | Land Rover Range Rover | $3,062 | $255 |
| 12 | Mercedes-Benz G63 AMG | $3,212 | $268 |
| 13 | Mercedes-Benz Maybach GLS 600 | $3,352 | $279 |
The most expensive large luxury SUV to insure is the Mercedes-Benz Maybach GLS 600, costing $3,352 per year. It will cost around $1,532 more to insure a Mercedes-Benz Maybach GLS 600 each year compared to the cheapest large luxury SUV to insure, the Volvo XC90.
How much does luxury SUV insurance cost?
For small luxury SUVs, the average insurance rate is $1,909 per year. Midsize luxury SUVs have an average insurance cost of $2,050 per year. And finally, large luxury SUVs have an average insurance cost of $2,594 per year.
What are the cheapest luxury SUVs to insure?
For the small luxury SUV segment, the cheapest model to insure is the Acura RDX, costing $1,472 per year. For midsize luxury SUVs, the cheapest insurance rates are on the Lexus RX 350, costing $1,578 per year. And finally, the cheapest large luxury SUV to insure is the Volvo XC90, costing $1,820 per year.
How much is luxury SUV insurance per month?
The average monthly car insurance cost for small luxury SUVs is $159. Midsize luxury SUVs have an average monthly insurance rate of $171. Large luxury SUVs have an average monthly insurance cost of $216.
