Although securing a low rate is an important part of purchasing Land Rover insurance, it’s just as important to find a policy that offers the right coverage for your needs from a reliable insurance provider.
The best insurance companies offer reasonable rates for a wide variety of coverage options. Most also reward good drivers and those with advanced safety features in their vehicles with discounted policy rates.
There are several elements considered by insurers when determining the price of your auto insurance policy.
Your age, gender, driving record, and geographic location all play a role in determining your rate, yet one of the most relevant factors is the make and model of your vehicle.
When calculating the cost of your Land Rover insurance, it’s important to understand how insurance companies consider risk as it pertains to your specific vehicle.
Safety ratings, the likelihood of theft, and the cost of repairs all influence the rate you’re charged for your policy.
How Much Does Land Rover Insurance Cost?
Insurance rates can vary significantly from one insurer to the next. Depending on which one you choose to work with, your Land Rover insurance may be either inexpensive, mid-range or expensive.
Although it’s usually tempting to opt for the cheapest rates, it’s important to take a look at the insurance company’s history and merits as well as what’s included in the price of your policy to ensure you have adequate coverage for your vehicle.
Numerous factors related to your specific vehicle affect your overall insurance rate.
Below, you’ll see a breakdown of these factors, as well as other things to consider when driving a vehicle made by Land Rover.
Land Rover Safety Ratings and Damage Threshold
The Insurance Institute for Highway Safety (IIHS) conducts testing every year on hundreds of passenger vehicles to determine safety ratings.
These ratings play a significant role in determining your insurance rate. Safety ratings for Land Rover’s vehicles are limited, and the results vary.
The IIHS rates vehicles in a number of safety categories and provides one of four ratings: “G” (Good), “A” (Acceptable), “M” (Marginal), or “P” (Poor).
2008 Land Rover LR3
The 2008 Land Rover LR3 was only tested in one category, Head Restraints, and Seats, and was given a rating of G. Prior year models, 2005 to 2007, were rated G in every category, so insurance for this model could cost a bit more.
2009 Land Rover LR2
The only safety tests performed on the 2009 Land Rover LR2 were on Head Restraints and Seats, for which it received a rating of M.
The lack of safety testing performed on Land Rover’s vehicles may result in higher insurance rates, so it’s good to be prepared to pay more when you’re shopping for Land Rover insurance.
Land Rover Comprehensive and Collision Coverage
Comprehensive and collision coverage rates are dependant on the overall cash value of your vehicle. The value is based on the year, model and included features.
Specific vehicle values can be found using Kelley Blue Book (KBB). For these examples, the values are based on vehicles in good condition and located in the Los Angeles area based on the zip code 90005.
According to KBB, the value of a 2008 Land Rover LR3 with standard features is $9,840 and $12,725. The 2009 Land Rover LR2 with standard features has a similar value between $10,568 and $12,639.
On the other hand, more recent models, such as the 2018 Land Rover Discovery SE have a fair market range between $52,397 and $58,162.
This drastic variation in pricing results in a wide range of insurance rates for Land Rover insurance.
Land Rover Claims Frequency and Potential to Cause Damage
The IIHS compiles claims data and reports on insurance loss as it pertains to specific vehicles. In the IIHS’s most recent Insurance Loss Report, the Land Rover Range Rover 4WD received the following ratings in the large luxury SUV class:
- Collision: Substantially worse than average
- Property Damage: Average
- Comprehensive: Substantially worse than average
- Personal Injury: Substantially better than average
- Medical Payments: Substantially better than average
- Bodily Injury: Average
The varied results in the above example are likely to result in a slightly higher insurance rate.
Land Rover Insurance Discounts
Many insurance providers offer discounted rates for vehicles that are fully equipped with the latest safety equipment.
Owners of the newest Land Rover models are more likely to benefit from these discounts. Most 2019 Land Rover models come equipped with top-of-the-line safety features such as emergency braking, lane departure warning, and front and rear park assist.
What Are the Best Companies for Land Rover Insurance?
While shopping for car insurance for your Land Rover, or any other vehicle make, it’s best to gather quotes from at least three companies.
Spend some time researching ratings and reviews of the providers you’re considering to make sure you find a company that’s a good fit for your insurance needs.
Some other important factors to consider when choosing your insurance provider include:
Once you’re ready to meet with a representative from the insurance company you’ve chosen, make sure to ask some of the following questions to secure yourself the best possible rate.
What to Know About Land Rover
Land Rover is a line of SUVs manufactured under the parent company Jaguar Land Rover. A Land Rover vehicle is well-known for its off-road capabilities and luxurious interiors.
It’s considered a luxury SUV and comes at a high price. Land Rover is an industry leader that sets the standard for SUVs worldwide.
Now that you’ve got an understanding of the different factors that can affect your Land Rover insurance rates, you should feel confident in finding quotes from the best providers and negotiating a competitive price.*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.