Sedan vs SUV car insurance: Which is cheaper to insure?

For a long time, when one thought of a luxury car, the first image that came to mind was a sedan. However, thanks to the wonders of modern manufacturing, sports utility vehicles, better known as SUVs, are now inundating a big number of car enthusiasts. While the sedan vs SUV debate may continue for years to come, the common ground for all car owners remains car insurance. When comparing SUV car insurance with sedan insurance, there are a few factors that need to be kept in mind.

1. The type of car:
   Sedans, SUVs, multi-purpose vehicles, compact SUVs, and crossovers are a few examples of cars available in the market today. These cars are divided into various segments by the Society of Indian Automobile manufacturers. The value and type of each car determine its category, and generally, the higher the value, the more its insurance premium.
   

2. The type of coverage you opt for:
   The most basic type of insurance is the third-party liability cover which is mandated by the Motor Vehicle Act of 1988. The TP cover covers only the third-party liability if you accidentally injure or harm a third party. Your own damages are not covered, and hence the premiums are much less as compared to comprehensive insurance, which covers third party as well as own damage.
   

3. The insured declared value (IDV) of the car:
   The car’s IDV is another important aspect that reflects the market value of the car. The more its value, the more coverage you would require to compensate for the loss/ repair. The IDV is proportional to the insurance premium. When buying car insurance online, choose a suitable IDV.
   

4. The size of the engine:
   A car with a bigger engine, that is, cubic capacity, will have more power and speed and would affect the third party as well as its own damage cover.
   

5. The city you register in:
   Metro cities that fall in Zone A typically charge a higher premium. However, factors such as the frequency of natural disasters, riots and accidents also affect the premium.
   

6. The deductible you choose:
   The deductible in car insurance is the portion/ percentage of the claim amount that you agree to pay from your pocket. A higher deductible can lower the premium.
   

7. The car owner’s driving history:
   An inexperienced driver or someone who has a record of reckless driving would have to pay more as they are more likely to cause accidents.
   

8. The safety features installed in the car:
   An authorised anti-theft system can help you get a good discount on the sedan or SUV car insurance premium.
   

9. The add-on you include in the policy:
   Add-ons can enhance coverage but also increase the overall premium. Thus, when buying car insurance online, choose add-ons that are really needed for your sedan or SUV.

Conclusion

SUVs, as well as sedans, have their own sets of pros and cons. While the choice is entirely yours, you need to make sure that you give your SUV or sedan insurance that it requires. The premium of the car insurance policy will be largely influenced by the price of the car. A higher car value, therefore, implies a higher car insurance premium. Make sure you keep in mind all these factors and choose a car insurance policy that offers you all-around coverage.