Luxury SUV Insurance Rates for 2023

What is the cheapest luxury SUV to insure? We compare average car insurance rates for small, mid-size, and large luxury SUV models to see how prices rank for insurance affordability.

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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 $1,508 annually. For a semi-annual or 6-month policy term, expect to pay around $754. For monthly budgeters, this equates to about $126 each month.

Second and third place honors for the cheapest insurance in the small luxury SUV segment go to the Cadillac XT4, costing $1,634 per year, and the Volvo XC40 at $1,664 annually.

The table below details average annual and monthly full coverage insurance rates for the entire compact luxury SUV segment.

Small Luxury SUV Insurance Cost Comparison
Rank Make/Model Annual Cost Monthly Cost
1Acura RDX$1,508$126
2Cadillac XT4$1,634$136
3Volvo XC40$1,664$139
4Lexus UX 250h$1,694$141
5Mercedes-Benz GLA250$1,756$146
6Mercedes-Benz GLB 250$1,762$147
7Lexus NX 250$1,786$149
8Lexus NX 350h$1,806$151
9Lexus NX 350$1,818$152
10Lincoln Corsair$1,820$152
11Lexus NX 450h$1,826$152
12BMW X1$1,838$153
13Alfa Romeo Tonale$1,842$154
14Mercedes-Benz GLC300$1,844$154
15Lexus RZ 450e$1,848$154
16Volvo XC60$1,852$154
17Audi Q3$1,868$156
18Land Rover Evoque$1,878$157
19Volvo C40$1,894$158
20Infiniti QX55$1,958$163
21Mercedes-Benz GLA35 AMG$1,964$164
22Genesis GV70$1,998$167
23Mercedes-Benz EQB 300$2,008$167
24Genesis GV60$2,010$168
25Mercedes-Benz GLA45 AMG$2,020$168
26Alfa Romeo Stelvio$2,028$169
27Audi Q5$2,042$170
28Land Rover Range Rover Velar$2,050$171
29Mercedes-Benz EQB 350$2,052$171
30BMW X4$2,092$174
31Land Rover Defender$2,098$175
32Jaguar F-Pace$2,106$176
33Audi Q4$2,120$177
34Porsche Macan$2,122$177
35BMW X3$2,132$178
36Jaguar I-Pace$2,252$188
37Aston Martin DBX$3,514$293

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average rates are based on 2023 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 12, 2023
    Small Luxury SUV Insurance Cost Comparison

    Ranked last out of the 37 vehicles in the small luxury SUV class is the Aston Martin DBX, costing an estimated $3,514 per year for auto insurance. That is $2,006 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 $1,620 per year. This breaks down to $810 for a 6-month policy or $135 per month. With the average midsize luxury SUV costing $2,104 per year for insurance, the Lexus RX 350 can potentially save around $484 a year.

    The other models ranked in the top five midsize luxury SUVs with the cheapest insurance cost include the Infiniti QX50 at $1,676 per year, the Cadillac XT5 at $1,720, the Cadillac XT6 at $1,762, and the Acura MDX at $1,800.

    The table below ranks all 37 vehicles in the midsize luxury SUV class by annual and monthly full coverage insurance cost.

    Midsize Luxury SUV Insurance Cost Comparison
    Rank Make/Model Annual Cost Monthly Cost
    1Lexus RX 350$1,620$135
    2Infiniti QX50$1,676$140
    3Cadillac XT5$1,720$143
    4Cadillac XT6$1,762$147
    5Acura MDX$1,800$150
    6Lincoln Nautilus$1,834$153
    7Lexus RX 350L$1,850$154
    8Land Rover Discovery Sport$1,854$155
    9Jaguar E-Pace$1,856$155
    10Volvo V90$1,886$157
    11Lexus RX 450h$1,908$159
    12Lexus GX 460$1,928$161
    13Lexus RX 450hL$1,938$162
    14Volvo V60$1,946$162
    15Genesis GV80$1,986$166
    16Mercedes-Benz AMG GLB35$1,988$166
    17Audi SQ5$1,990$166
    18Lincoln Aviator$2,008$167
    19Infiniti QX60$2,026$169
    20Mercedes-Benz GLE450$2,042$170
    21Mercedes-Benz GLE350$2,066$172
    22Land Rover Discovery$2,074$173
    23Mercedes-Benz AMG GLC43$2,110$176
    24Audi Q7$2,158$180
    25Audi e-tron$2,232$186
    26Tesla Model X$2,242$187
    27Mercedes-Benz AMG GLE53$2,248$187
    28BMW X5$2,288$191
    29Audi Q8$2,298$192
    30Land Rover Range Rover Sport$2,312$193
    31Audi SQ7$2,426$202
    32BMW iX$2,458$205
    33BMW X6$2,508$209
    34Porsche Cayenne$2,528$211
    35Mercedes-Benz AMG GLE63$2,650$221
    36Audi RS 6$2,694$225
    37BMW XM$2,948$246

      Get Rates in Your AreaWhy is this important?

      Table Data Details: Average rates are based on 2023 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 12, 2023
      Midsize Luxury SUV Insurance Cost Comparison

      Coming in last out of the 37 vehicles in the midsize luxury SUV segment is the BMW XM, costing an average of $2,948 annually to insure.

      The difference between the cheapest insurance on the Lexus RX 350 and the most expensive for the BMW XM is $1,328 per year, or around $111 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 $1,866 per year. Drivers can expect to pay around $933 for a 6-month policy term or around $156 each month.

      In second place, the Lincoln Navigator costs $2,242 per year, and third place goes to the Infiniti QX80 at $2,258 annually.

      The table below ranks all 2023 model year full-size SUVs for insurance affordability, showing both an annual and monthly rate.

      Large Luxury SUV Insurance Cost Comparison
      Rank Make/Model Annual Cost Monthly Cost
      1Volvo XC90$1,866$156
      2Lincoln Navigator$2,242$187
      3Infiniti QX80$2,258$188
      4BMW X7$2,300$192
      5Mercedes-Benz GLS450$2,310$193
      6Cadillac Escalade$2,508$209
      7Lexus LX 570$2,544$212
      8Mercedes-Benz EQS 580 SUV$2,714$226
      9BMW Alpina XB7$2,932$244
      10Mercedes-Benz G550$3,052$254
      11Land Rover Range Rover$3,142$262
      12Mercedes-Benz G63 AMG$3,298$275
      13Mercedes-Benz Maybach GLS 600$3,442$287

        Get Rates in Your AreaWhy is this important?

        Table Data Details: Average rates are based on 2023 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 12, 2023
        Large Luxury SUV Insurance Cost Comparison

        The most expensive large luxury SUV to insure is the Mercedes-Benz Maybach GLS 600, costing $3,442 per year. It will cost around $1,576 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 $1,960 per year. Midsize luxury SUVs have an average insurance cost of $2,104 per year. And finally, large luxury SUVs have an average insurance cost of $2,662 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 $1,508 per year. For midsize luxury SUVs, the cheapest insurance rates are on the Lexus RX 350, costing $1,620 per year. And finally, the cheapest large luxury SUV to insure is the Volvo XC90, costing $1,866 per year.

        How much is luxury SUV insurance per month?

        The average monthly car insurance cost for small luxury SUVs is $163. Midsize luxury SUVs have an average monthly insurance rate of $175. Large luxury SUVs have an average monthly insurance cost of $222.