Rivian Car Insurance Review for 2024
More than one million cars on the road right now are hybrid or all-electric. If you drive an electric vehicle (EV), you might be looking for ways to lower your car insurance rates. Fortunately, many EV manufacturing companies are creating their own insurance programs to help drivers save money, including the Rivian car insurance company.
Rivian manufactures all-electric trucks and SUVS and recently started to offer exclusive auto insurance to its drivers. You must own a Rivian EV to get Rivian car insurance quotes. Read our guide now to learn about Rivian insurance coverage options and to compare Rivian car insurance rates against other top companies in your area.
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Table of Contents
What is Rivian insurance?
Rivian is among the latest EV manufacturers to start offering its own insurance program. Rivian car insurance caters to all-electric “adventure vehicles.” These types of EVs are designed to be driven off-road, and Rivian is known for designing competitively-priced, all-electric pick-up trucks and SUVs.
SUVs cost more to insure than sedans, and EVs cost more to insure than gas-powered vehicles, which means you can expect to pay higher Rivian car insurance rates. Rivian started to offer its own insurance plans, designed with the unique needs of EV drivers in mind to lower insurance rates.
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How much does Rivian car insurance cost?
Rivian car insurance is underwritten by Nationwide, which is cheaper than average in some states. Take a look at the table below to see how Nationwide compares top insurers in the country:
Average Annual Car Insurance Rates Based on Coverage Type
Company Average Annual Rate for Low Coverage Average Annual Rate for Medium Coverage Average Annual Rate for High Coverage
Allstate $4,628.03 $4,896.81 $5,139.02
American Family $3,368.49 $3,544.37 $3,416.40
Farmers $3,922.47 $4,166.22 $4,494.13
Geico $3,001.91 $3,213.97 $3,429.14
Liberty Mutual $5,805.75 $6,058.57 $6,356.04
Nationwide $3,394.83 $3,449.80 $3,505.37
Progressive $3,737.13 $4,018.46 $4,350.96
State Farm $3,055.40 $3,269.80 $3,454.80
Travelers $4,223.63 $4,462.02 $4,619.07
USAA $2,404.11 $2,539.87 $2,667.92
If you choose to buy more coverage, your car insurance rates will increase. For example, rates with Nationwide for high (full) coverage are $100 more per year than for low (liability-only) coverage. These rates are also for gas-powered vehicles, and your electric car insurance rates will likely be higher.
On average, electric car insurance rates average between $175-$225 per month. Your individual rates will vary depending on your age and where you live, but the good news is that those variables don’t mean that much to Rivian.
Rivian car insurance is usage-based, and the company uses its telematics system to track driver behavior. So, the better you drive, the lower your rates will be.
However, be prepared for higher-than-average Rivian car insurance quotes. Newer vehicles are more expensive to insure by default, and Rivian just shipped its first models to customers in October 2021.
Does Rivian offer car insurance discounts?
Unfortunately, Rivian does not offer an extensive list of car insurance discounts. But the company does automatically discount rates for drivers who regularly use its Driver+ safety technology.
You are also eligible for a bundling discount of up to 20% off your rates when you combine your auto policy with Rivian home or renters insurance.
To keep electric car insurance costs as low as possible for its drivers, Rivian offers a comprehensive Rivian Service Program that includes Rivian Remote Care and an in-house manufacturing and repair service. The Rivian Service Program may not lower your rates initially, but it can save you money later whenever you need repairs, system updates, or maintenance.
Rivian Remote Care is a remotely-operated diagnostic system that tracks Rivian EV performance. Rivian Technicians can diagnose and order replacement parts remotely and come directly to policyholders to repair or pick up vehicles. If the vehicle is taken to Rivian Service, drivers are offered a loaner EV from the company until it finishes repairs.
How does Rivian car insurance work?
Rivian car insurance is available to any driver who owns a Rivian R1S SUV or Rivian R1T pick-up truck. Drivers can purchase minimum liability and both comprehensive and collision coverages, as well as additional MedPay coverage, personal injury protection (PIP insurance), and uninsured motorist insurance (UMI).
How much car insurance do you need? That depends on your personal preferences and the terms of your auto loan or lease.
For example, if you’re using Rivian financing, you may be required to carry full coverage insurance. We recommend carrying full coverage on a new car like a Rivian. This way, you’ll be covered in any incident, from an accident with another vehicle to weather-related disasters.
Full coverage car insurance is more expensive than liability-only policies. However, you may notice that Rivian car insurance quotes for full coverage are cheaper than other electric car insurance companies.
Because Rivian car insurance uses telematics technology, drivers can access discounts and other perks not available with a traditional policy. Where traditional insurance uses variables like gender and age to determine rates, Rivian’s Driver+ technology tracks drivers’ habits to discount rates. What’s more, the Driver+ tfdsd====
”””””””””””””””””””echnology encourages drivers to take advantage of Rivian’s self-driving features, which can lower rates even more.
What qualifies drivers for a Rivian Driver+ safety technology discount?
There a several areas of driving habits that are monitored by Driver+, including:
- Using cruise control
- Automatic steering
- Automatic braking and accelerating
- Using lane centering and lane-change assistance
- Using Driver+ Highway Assist to automate highway driving
When you buy Rivian car insurance, you receive the Driver+ discount. If you sign up for Driver+ Highway Assist, you will be offered lower rates when your policy renews.
Can I buy Rivian car insurance coverage in my state?
According to its website, Rivian car insurance is available in 46 states and Washington D.C. The company plans to offer coverage nationwide by the end of 2022.
Before you buy Rivian car insurance, research your state laws. Drivers can buy Rivian EVs online from any state, but some states forbid car manufacturers from selling their own insurance products or establishing storefronts. Speak with a Rivian insurance representative to confirm you live in a Rivian insurance state before you buy.
What are Rivian’s consumer ratings?
On average, Rivian customer service reviews are positive. Customer reviews online reflect positive interactions with customer service. Its NAIC score is 0.53, meaning it sees half the complaints of other companies its size.
In 2022, Rivian wasn’t a large enough company to have its own A.M. Best Rating. However, we can use Rivian Nationwide underwriting to get an idea of its financial outlook.
Nationwide earned an A+ rating from A.M. Best, meaning it has the financial strength to pay out on its own claims as well as any Rivian insurance claims.
Rivian’s consumer ratings and reviews reflect a financially capable and approachable company, but it can be too soon to tell. It’s a new company, both as a manufacturer and an insurance provider. Your Rivian insurance costs could fluctuate as the company navigates its business landscape. So, be sure to compare insurance quotes regularly to make sure you’re still paying a fair price for electric car insurance.
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How do I file a Rivian car insurance claim?
Rivian car insurance claims can only be paid over the phone. If you have a Rivian insurance policy, you may be able to start the claims process online, but an insurance adjuster will speak with you over the phone to complete the claim.
To file a Rivian insurance claim, call 1-888-748-4261 to speak with an agent.
You can also call this number to cancel or make changes to your policy.
How do I get Rivian car insurance quotes?
Rivian car insurance quotes are exclusively available to Rivian EV owners. You must own and insure at least one Rivian vehicle in order to get quotes and buy a policy. Call 1-888-748-4261 to find and buy Rivian insurance coverage.
Once you buy Rivian car insurance, however, you can buy policies for any of your other vehicles, including ATVs, boats, and campers.
As you shop around for affordable Rivian car insurance, realize that you could still end up paying upwards of $225 per month for coverage. Fortunately, you can lower your Rivian car insurance rates by using the Driver+ safety technology and Highway Assist programs. You can also bundle your policies with Rivian homeowners or renters insurance for an additional 20% off your rates.
Before you call to buy Rivian car insurance, compare quotes online from multiple companies. Electric car insurance costs more than coverage for a gas-powered vehicle, and you want to find the best deal possible on coverage.
Get the cheapest Rivian auto insurance quotes when you comparison shop online with multiple companies at once. Enter your ZIP code below to start comparing local insurance companies today for free.
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