Luxury SUVs saw sales drop significantly in 2020 as compared to the prior year, but even with the Covid-related sales drop, models like the Lexus RX and NX, Acura RDX, and Mercedes-Benz GLC ranked at the top of the luxury SUV sales charts.
Following a year that had car insurance companies actually giving money back to policyholders, how do luxury SUV insurance rates compare?
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 2021 model year small luxury SUV to insure is the Acura RDX, costing $1,276 annually. For a semi-annual or 6-month policy term, expect to pay around $638. For monthly budgeters, this equates to about $106 each month.
Second and third place honors for the cheapest insurance in the small luxury SUV segment go to the Cadillac XT4, costing $1,320 per year, and the Volvo XC40 at $1,346 annually.
The table below details average annual and monthly full coverage insurance rates for the entire compact luxury SUV segment.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Acura RDX | $1,276 | $106 |
| 2 | Cadillac XT4 | $1,320 | $110 |
| 3 | Volvo XC40 | $1,346 | $112 |
| 4 | Lincoln Corsair | $1,488 | $124 |
| 5 | Lexus UX 250H | $1,500 | $125 |
| 6 | Volvo XC60 | $1,516 | $126 |
| 7 | Lexus UX 200 | $1,534 | $128 |
| 8 | Mercedes-Benz GLB 250 | $1,534 | $128 |
| 9 | BMW X1 | $1,538 | $128 |
| 10 | Lexus NX 300 | $1,548 | $129 |
| 11 | Mercedes-Benz GLC300 | $1,556 | $130 |
| 12 | Land Rover Defender | $1,598 | $133 |
| 13 | Mercedes-Benz GLA250 | $1,604 | $134 |
| 14 | Land Rover Evoque | $1,624 | $135 |
| 15 | BMW X2 | $1,634 | $136 |
| 16 | Audi Q3 | $1,678 | $140 |
| 17 | Audi Q5 | $1,688 | $141 |
| 18 | BMW X3 | $1,728 | $144 |
| 19 | Lexus NX 300H | $1,738 | $145 |
| 20 | Mercedes-Benz GLA45 AMG | $1,758 | $147 |
| 21 | Alfa Romeo Stelvio | $1,776 | $148 |
| 22 | BMW X4 | $1,800 | $150 |
| 23 | Jaguar F-Pace | $1,822 | $152 |
| 24 | Jaguar I-Pace | $1,880 | $157 |
| 25 | Porsche Macan | $1,918 | $160 |
Ranked last out of the 25 vehicles in the small luxury SUV class is the Porsche Macan, costing an estimated $1,918 per year for auto insurance. That is $642 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 2021 model year midsize luxury SUV to insure is the Volvo V60, costing $1,432 per year. This breaks down to $716 for a 6-month policy or $119 per month. With the average midsize luxury SUV costing $1,743 per year for insurance, the Volvo V60 can potentially save around $311 a year.
The other models ranked in the top five midsize luxury SUVs with the cheapest insurance cost include the Cadillac XT5 at $1,466 per year, the Lincoln Nautilus at $1,506, the Lexus RX 350 at $1,532, and the Infiniti QX50 at $1,540.
The table below ranks all 30 vehicles in the midsize luxury SUV class by annual and monthly full coverage insurance cost.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Volvo V60 | $1,432 | $119 |
| 2 | Cadillac XT5 | $1,466 | $122 |
| 3 | Lincoln Nautilus | $1,506 | $126 |
| 4 | Lexus RX 350 | $1,532 | $128 |
| 5 | Infiniti QX50 | $1,540 | $128 |
| 6 | Jaguar E-Pace | $1,550 | $129 |
| 7 | Lexus RX 350L | $1,578 | $132 |
| 8 | Cadillac XT6 | $1,592 | $133 |
| 9 | Acura MDX | $1,614 | $135 |
| 10 | Genesis GV80 | $1,640 | $137 |
| 11 | Mercedes-Benz GLE450 | $1,648 | $137 |
| 12 | Lincoln Aviator | $1,654 | $138 |
| 13 | Volvo V90 | $1,670 | $139 |
| 14 | Infiniti QX60 | $1,698 | $142 |
| 15 | Land Rover Discovery Sport | $1,706 | $142 |
| 16 | Lexus GX 460 | $1,730 | $144 |
| 17 | Mercedes-Benz AMG GLC43 | $1,774 | $148 |
| 18 | Audi SQ5 | $1,794 | $150 |
| 19 | Mercedes-Benz GLE350 | $1,798 | $150 |
| 20 | Land Rover Discovery | $1,804 | $150 |
| 21 | Lexus RX 450 | $1,818 | $152 |
| 22 | Audi Q8 | $1,826 | $152 |
| 23 | BMW X5 | $1,828 | $152 |
| 24 | Mercedes-Benz AMG GLC63 | $1,878 | $157 |
| 25 | Audi Q7 | $1,888 | $157 |
| 26 | Audi e-tron | $1,936 | $161 |
| 27 | BMW X6 | $2,000 | $167 |
| 28 | Tesla Model X | $2,062 | $172 |
| 29 | Porsche Cayenne | $2,114 | $176 |
| 30 | Mercedes-Benz AMG GLE63 | $2,224 | $185 |
Coming in last out of the 30 vehicles in the midsize luxury SUV segment is the Mercedes-Benz AMG GLE63, costing an average of $2,224 annually to insure.
The difference between the cheapest insurance on the Volvo V60 and the most expensive for the Mercedes-Benz AMG GLE63 is $792 per year, or around $66 per month.
Which large luxury SUV is cheapest to insure?
The 2021 large luxury SUV with the cheapest insurance rates overall is the Volvo XC90, costing an average of $1,606 per year. Drivers can expect to pay around $803 for a 6-month policy term or around $134 each month.
In second place, the BMW X7 costs $1,864 per year, and third place goes to the Lincoln Navigator at $1,876 annually.
The table below ranks all 2021 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 | $1,606 | $134 |
| 2 | BMW X7 | $1,864 | $155 |
| 3 | Lincoln Navigator | $1,876 | $156 |
| 4 | Toyota Land Cruiser | $1,924 | $160 |
| 5 | Cadillac Escalade | $1,948 | $162 |
| 6 | Mercedes-Benz GLS450 | $2,014 | $168 |
| 7 | Lexus LX 570 | $2,226 | $186 |
| 8 | Land Rover Range Rover | $2,438 | $203 |
| 9 | Mercedes-Benz AMG GLS63 | $2,438 | $203 |
| 10 | Mercedes-Benz G550 | $2,516 | $210 |
| 11 | Mercedes-Benz G63 AMG | $2,930 | $244 |
The most expensive large luxury SUV to insure is the Mercedes-Benz G63 AMG, costing $2,930 per year. It will cost around $1,324 more to insure a Mercedes-Benz G63 AMG 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 $1,616 per year. Midsize luxury SUVs have an average insurance cost of $1,743 per year. And finally, large luxury SUVs have an average insurance cost of $2,162 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 $1,276 per year. For midsize luxury SUVs, the cheapest insurance rates are on the Volvo V60, costing $1,432 per year. An finally, the cheapest large luxury SUV to insure is the Volvo XC90, costing $1,606 per year.
How much is luxury SUV insurance per month?
The average monthly car insurance cost for small luxury SUVs is $135. Midsize luxury SUVs have an average monthly insurance rate of $145. Large luxury SUVs have an average monthly insurance cost of $180.
