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 $1,472 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.

Small Luxury SUV Insurance Cost Comparison
Rank Make/Model Annual Cost Monthly Cost
1Acura RDX$1,472$123
2Cadillac XT4$1,592$133
3Volvo XC40$1,622$135
4Lexus UX 250h$1,650$138
5Mercedes-Benz GLA250$1,712$143
6Mercedes-Benz GLB 250$1,718$143
7Lexus NX 250$1,740$145
8Lexus NX 350h$1,760$147
9Lexus NX 350$1,770$148
10Lincoln Corsair$1,772$148
11Lexus NX 450h$1,776$148
12BMW X1$1,788$149
13Alfa Romeo Tonale$1,790$149
14Mercedes-Benz GLC300$1,798$150
15Lexus RZ 450e$1,802$150
16Volvo XC60$1,806$151
17Audi Q3$1,820$152
18Land Rover Evoque$1,828$152
19Volvo C40$1,846$154
20Infiniti QX55$1,908$159
21Mercedes-Benz GLA35 AMG$1,914$160
22Genesis GV70$1,944$162
23Mercedes-Benz EQB 300$1,954$163
24Genesis GV60$1,958$163
25Mercedes-Benz GLA45 AMG$1,968$164
26Alfa Romeo Stelvio$1,978$165
27Audi Q5$1,990$166
28Land Rover Range Rover Velar$1,996$166
29Mercedes-Benz EQB 350$2,000$167
30BMW X4$2,038$170
31Land Rover Defender$2,044$170
32Jaguar F-Pace$2,054$171
33Audi Q4$2,066$172
34Porsche Macan$2,070$173
35BMW X3$2,076$173
36Jaguar I-Pace$2,194$183
37Aston Martin DBX$3,424$285

    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 December 30, 2022
    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 $3,424 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.

    Midsize Luxury SUV Insurance Cost Comparison
    Rank Make/Model Annual Cost Monthly Cost
    1Lexus RX 350$1,578$132
    2Infiniti QX50$1,632$136
    3Cadillac XT5$1,676$140
    4Cadillac XT6$1,716$143
    5Acura MDX$1,756$146
    6Lincoln Nautilus$1,786$149
    7Lexus RX 350L$1,804$150
    8Land Rover Discovery Sport$1,806$151
    9Jaguar E-Pace$1,808$151
    10Volvo V90$1,838$153
    11Lexus RX 450h$1,858$155
    12Lexus GX 460$1,880$157
    13Lexus RX 450hL$1,890$158
    14Volvo V60$1,896$158
    15Mercedes-Benz AMG GLB35$1,934$161
    16Genesis GV80$1,936$161
    17Audi SQ5$1,940$162
    18Lincoln Aviator$1,958$163
    19Infiniti QX60$1,974$165
    20Mercedes-Benz GLE450$1,990$166
    21Mercedes-Benz GLE350$2,014$168
    22Land Rover Discovery$2,022$169
    23Mercedes-Benz AMG GLC43$2,056$171
    24Audi Q7$2,104$175
    25Audi e-tron$2,174$181
    26Tesla Model X$2,184$182
    27Mercedes-Benz AMG GLE53$2,190$183
    28BMW X5$2,230$186
    29Audi Q8$2,238$187
    30Land Rover Range Rover Sport$2,254$188
    31Audi SQ7$2,362$197
    32BMW iX$2,396$200
    33BMW X6$2,442$204
    34Porsche Cayenne$2,462$205
    35Mercedes-Benz AMG GLE63$2,582$215
    36Audi RS 6$2,624$219
    37BMW XM$2,872$239

      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 December 30, 2022
      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 $2,872 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.

      Large Luxury SUV Insurance Cost Comparison
      Rank Make/Model Annual Cost Monthly Cost
      1Volvo XC90$1,820$152
      2Lincoln Navigator$2,186$182
      3Infiniti QX80$2,200$183
      4BMW X7$2,240$187
      5Mercedes-Benz GLS450$2,250$188
      6Cadillac Escalade$2,444$204
      7Lexus LX 570$2,480$207
      8Mercedes-Benz EQS 580 SUV$2,642$220
      9BMW Alpina XB7$2,856$238
      10Mercedes-Benz G550$2,972$248
      11Land Rover Range Rover$3,062$255
      12Mercedes-Benz G63 AMG$3,212$268
      13Mercedes-Benz Maybach GLS 600$3,352$279

        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 December 30, 2022
        Large Luxury SUV Insurance Cost Comparison

        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.