Very Large SUVs have better than average damage susceptibility scores

SUVs has a lower than average damage susceptibility when compared to cars of all sizes and classes. Owing to their size and build, they tend to fare relatively better when involved in a crash with smaller cars. They tend to sustain less damage in minor accidents which enhances their damage susceptibility scores. And good scores mean lower collision coverage premiums.

Very large SUVs are a sub-category of SUV (others categories include small, medium and large SUVs). The Highway Loss Data Institute released a study in September 2013 that compared losses by vehicle class and size groups for 2010-2012 models of cars. They found that the two main factors that determined collision average rates were claim frequency (how often claims are filed) and losses per claim (average payment per claim).

The latter is determined by the extent of damage. For both measures, a score of 100 represents the average. Any score lower than 100 is considered better than average and more than 100, worse.

With a relative claim frequency score of 96 and relative loss score of 82, very large SUVs scored better than average on both counts. This has a direct correlation on their collision coverage premiums. To illustrate, very large luxury cars had claim frequency and claim losses scores of 120 and 194 respectively. In fact, even large 2-door cars scored worse than very large SUVs with frequency and loss scores of 129 and 138.

If you are buying or renewing collision insurance, here’s what you can expect to pay as of December 2013. A Chevrolet Avalanche 1500 costs $446, on average, to cover for collision. It costs slightly more to buy collision cover for a GMC Yukon XL 1500 4WD or Ford Expedition EL 4WD at $448 for each. The GMC Yukon 1500 without 4WD is the cheapest in the category to buy collision cover for at $429.