Small SUVs and CUVs (Crossover Utility Vehicles) are the fastest growing segment in the automotive industry. In 20 years, the segment has grown to over 40% of the market and has shown no signs of slowing down.
With such a market dominance, how do small SUVs fare on the insurance side? Surprising well, actually. Costing on average 5% more than the average midsized car, small SUVs have a slight disadvantage in fuel economy numbers but more than make up for it with affordable auto insurance rates.
How much does small SUV insurance cost?
The small SUV segment has surprisingly good insurance rates, ranging from the Mazda CX-5 at $1,158 per year for full coverage insurance to the Jeep Wrangler at $1,746 per year for 2022 models. The average cost of insurance for all small SUVs is $1,426 per year.
The table below ranks all 2022 compact SUVs by annual and monthly insurance policy cost.
As a monthly expense, auto insurance for the small SUV segment ranges from $97 to $146 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.
Our small SUV segment could be called the “affordable small SUV” class, as it does not include small luxury SUVs like the Acura RDX, Lexus UX 200, or Audi Q3. We rank luxury vehicles separately in order to have more of an apples-to-apples comparison of insurance cost.
Next, we’ll cover some of the more commonly asked questions that might pop up when researching insurance for a small SUV.
Which small SUV is cheapest to insure?
The cheapest 2022 model year small SUV to insure is the Mazda CX-5, costing $1,158 per year. This breaks down to $579 for a 6-month policy or $97 per month. With the average small SUV costing $1,426 per year for insurance, the Mazda CX-5 can potentially save around $268 a year.
The other models ranked in the top five small SUVs with the cheapest insurance cost include the Nissan Kicks at $1,190 per year, the Chevrolet Trailblazer at $1,196, the Subaru Crosstrek at $1,224, and the Toyota C-HR at $1,254.
Also see our complete SUV car insurance cost comparison including mid-size and full-size models to find out what is the cheapest SUV to insure.
Which small SUV is most expensive to insure?
The most expensive small SUV to insure is the Jeep Wrangler, costing $1,746 per year. It will cost around $588 more to insure a Jeep Wrangler each year compared to the cheapest small SUV to insure, the Mazda CX-5.
At $1,746 a year, that is a 18.3% premium over the $1,426 average for the small SUV class, and 10.3% more than the national average car insurance rate (all vehicles) of $1,567.
What does insurance cost on average for a small SUV?
The average insurance rate for all 46 vehicles in our small SUV insurance cost comparison is $1,426 per year. This compares very favorably to the overall all-vehicle national average insurance rate of $1,567, a difference of $141 per year.
What is the most popular small SUV?
By far, the Toyota RAV4 is the most popular small SUV in America. With third quarter 2021 sales of 92,252 units, it beats the second place Honda CR-V by about 16,000 sales. Incidentally, RAV4 insurance costs a little more than the average small SUV at an additional $14 more per year.
Does a Toyota RAV4 or Honda CR-V cost less to insure?
With the Toyota RAV4 and Honda CR-V being #1 and #2 in small SUV segment sales, an obvious question is which one costs less to insure. The easy winner is the CR-V at $1,336 per year compared to the RAV4 at $1,440, a difference of $104 per year.
The insurance cost for each model does average rates across all trim levels, so it’s important to understand that comparing a base level Toyota RAV4 LE to the premium Honda CR-V Touring will have an entirely different result.