Sports Utility Vehicles can be very tempting to buy but at the same time they mean a large amount of extra expenses and also costs. The owners of the SUV have to admit that they are required to pay much more, than those who own small cars, in terms of insurance, the cost of repairs as well as gasoline expenses. There are many factors that contribute to the high costs of the SUV, and these costs are mainly dependant on the size of the vehicles, weight and bumper mismatch with cars and also, a lot on their additional features that include the greater horsepower and also the higher rollover potential. Automakers usually tend to charge a higher amount for the sports utility vehicles so as to make them more profitable. In spite of all these factors there is a growing popularity of the SUV, that can be judged from the fact that till the year 1990, there were 929000 vehicles on the highways of the country, and this number at present stands to 2.7 million.
Insurance cost is always high for the SUV owners, and the main factor that contributes to higher rates of insurance of the vehicles is the safety reputation. Insuring a SUV shall certainly cost you 10 to 20 percent more, than the other cars, whose costs depend on the location of the driver, different claims experience, and also the credit history. On comparing the vehicle crash statistics of the SUV with other vehicles, it has been found that the SUVs are much less safer than the other cars. Statistics say that pedestrians who are hit by SUVs are liable to 300% more risk of serious injury, than they would have received in case they are struck by any other passenger car. In case you are the owner of a large SUV, and unfortunately you are involved with an accident with a much smaller vehicle, it shall become your liability to pay higher costs, when your policy comes for renewal. The theft rates of insurance of these vehicles are also very high, which indicates the popularity and the trendiness of the vehicle. In comparison to other vehicles, it has been observed that SUVs have worse than average insurance claims.
SUV vehicles are also considered to be very costly to be repaired than the other vehicles and the cost of repairing of these vehicles has always been a major issue with the insurance companies. These vehicles are not required to meet the requirements of the Federal Governments that are set for bumpers on cars, so as to withstand crashes in the parking lots. It is for this reason that these vehicles are very costly to repair, in case of minor crashes. Gasoline expense is also a major expense for the owners of the large SUVs. SUVs usually get less than 20 miles per gallon, as compared to other vehicles which approximately get 28 miles to the gallon. There has been observed that even with the low gasoline prices, inefficiency in the vehicles can have the capacity to increase the cost of fueling in these vehicles.