SUV’s generally cost a lot to insure for very many reasons. Just think about it: If there’s a collision where you’re at fault, an SUV will inflict more damage on smaller cars than a car would given similar conditions. That would mean bigger damages and a higher amount for compensation.
If you also consider that SUV’s have a higher CG (center of gravity), you’ll see that their safety rating is usually lower in that aspect. All these add up to make them uninsurance-friendly. So here’s something that can worsen an already bad situation (making it difficult for you to get affordable SUV insurance rates): Having a poor credit rating…
It might seem unfair to most people but your credit rating does affect you rate. Insurers who use it as one of the factors that determine what a person pays say that there is a relationship between the two. These insurers claim that they have statistical evidence to show that people who show irresponsible behavior in their finances are almost always reckless on the road.