Things To Know About Car Insurance Policies For Suvs
When insuring an SUV, understanding the nuances of car insurance policies is essential for getting adequate coverage while managing costs. Follmer Insurance Services provides car insurance in South Lyon, Ann Arbor, Pinckney, Howell, Brighton, MI and surrounding regions.
These are key factors to consider:
- Higher Premiums
SUVs often have higher insurance premiums than smaller cars. This is due to several factors:
Higher repair costs: SUVs are typically larger and have specialized parts that can be more expensive to repair or replace.
Increased risk of rollover: SUVs are more prone to rollovers due to their higher center of gravity, which may increase liability claims.
Theft risk: Some SUVs are popular targets for theft, and this can drive up insurance premiums.
- Comprehensive and Collision Coverage
These are important coverage options for SUVs:
Comprehensive insurance covers damage to your SUV from non-collision events such as theft, vandalism, or natural disasters.
Collision insurance covers damage to your SUV from collisions with other vehicles or objects, regardless of fault. If your SUV is financed or leased, both of these coverages are usually required by the lender.
- Liability Coverage
SUV owners should ensure they have sufficient liability coverage, which protects against damages caused to others (both property and bodily injury). Since SUVs can cause more damage in accidents, having higher liability limits is often recommended.
- Safety Features and Discounts
Modern SUVs are equipped with advanced safety features like automatic braking, lane departure warnings, and backup cameras, which may help lower premiums. Many insurers offer discounts for vehicles with these technologies.
- Usage and Coverage Needs
Consider how you use your SUV when selecting coverage. If you frequently use it for towing or off-roading, ensure your policy covers those activities. Additionally, if you use your SUV for business purposes, you may need commercial auto insurance.
- Deductibles and Bundling
Choosing higher deductibles can lower premiums, though it increases out-of-pocket expenses in the event of a claim. Bundling your SUV insurance with other policies, such as homeowners or life insurance, can also help you save on premiums. Would you like to discuss? Please give us a call, or email us!
