Land Rover LR3 Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• It costs less to insure a Land Rover LR3 than the average SUV.
• Liability only insurance premiums for a LR3 average around $79 a month, while full coverage normally comes in at about $139.
• At sometimes as little as $43 per month for liability only coverage, AmericanAlliance is the cheapest car insurance carrier for a LR3.

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LR3 Overview

Coming in with a base MSRP of $45,975 for 2009 models, the Land Rover LR3 is a high-end SUV on the more expensive end of the spectrum. There are three different trim levels currently offered, so you'll be sure to find an option to fit your style.

We analyzed thousands of auto insurance quotes on Compare.com, and we've determined that average Land Rover LR3 insurance rates run around $109 monthly. But how does that compare to other SUVs on the market?

How Much is Car Insurance for a Land Rover LR3?

Based on the table above, Land Rover LR3 insurance prices are more affordable than average compared to other vehicles. LR3 drivers usually pay about $139 per month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $79 a month for liability only insurance (our guide, "State Minimum vs. Full Coverage", can provide more details on the difference).

Compared to other models, the LR3 is more affordable, with premiums around 24% lower than the other vehicle types offered by Land Rover. Likewise, coverage for the LR3 is lower than average when compared to other vehicles of a similar body style, with both full coverage and liability only insurance averaging less expensive prices than other SUVs.

When compared to all vehicles, regardless of make, model, or body style, the LR3 follows a similar pattern of having below average auto insurance rates.

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Who has the Cheapest Car Insurance for a Land Rover LR3?

In the market for a car insurance policy for your Land Rover LR3? You may be most interested in which company offers the cheapest premiums. Even though premiums can change significantly depending on your driver profile, the lowest average rates for liability only insurance are as little as just $25 monthly from MainStreet. The runner up for most affordable rates is Foremost, with car insurance policies starting sometimes as low as $28 per month.

AmericanAlliance, Sun Coast, and Hallmark finish off the rest of the top 5. But just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest carriers for you and your unique insurance profile.

Insurance companies use many different factors and complex formulas to calculate rates. By checking quotes from a variety of insurance carriers at once, you can rest easy knowing that you're finding the cheapest rate.

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What Factors Affect Car Insurance Rates for a Land Rover LR3?

There are lots of things that car insurance companies consider to determine how much to charge you -- and every carrier weighs certain variables more than others, so there's not a singular company that's the most affordable for everyone.

The sections below show a lot of variables auto insurance carriers use to calculate rates:

Vehicle Age

The Land Rover LR3 has been around for a while, so vehicle age may play a role in what you end up paying for insurance. Generally, newer cars are going to cost more to insure because they're worth more, but as they age, insurance costs will gradually decrease.

A new Land Rover LR3 model hasn't been added to the market for over 5 years, so the LR3 won't really fit this trend. However, as you can see in the table above, the most expensive Land Rover LR3s to insure are those that are 6 to 7 years old, while the cheapest models are LR3s that are 11 to 14 years old, on average.

Your Age

Age is another variable that plays a big role in how much you pay for auto insurance. In the table above, you'll see that drivers who have more experience have cheaper prices compared to drivers under 24. Land Rover LR3 drivers aged between 18 and 24 actually pay $33 more than those 25 or older.

Car insurance prices continue to get lower as you get older, with the cheapest age group being 55-64 for LR3 drivers.

Your Gender

Because women are less likely to get into collisions and get tickets, they have a decreased chance of filing a claim with insurance. So, women generally pay less for car insurance than men. Surprisingly, for LR3 drivers, this trend does not hold, and women pay more for their auto insurance than men.

Where You Live

It may seem like common sense that factors such as what vehicle you drive and how old you are play a role in your car insurance rates, but did you know that where you live can be just as important? Because insurance is regulated at the state level, prices fluctuate quite a bit depending on where you live.

For example, the average Land Rover LR3 owner from New York pays about $149 a month for liability coverage, while the same Californian driver will pay less than 50% of that price, on average.

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Land Rover LR3 Car Insurance Discounts

Regardless of your car, your home state, or your age, using as many discounts as possible when it comes to your auto insurance policy is always important.

While no two car insurance companies offer the same exact discounts, there are a few that you'll find with most insurers. These include discounts like:

• Multi-vehicle discounts for insuring more than one of your cars with the same carrier
• Pay-in-full discounts for agreeing to pay your entire policy price at once, rather than in monthly installments
• Defensive driving discounts for drivers who take a defensive driving class through an accredited school or institution
• Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher safety ratings

While discounts are always a good way to save money on your insurance, sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like not having recent insurance claims, avoiding lapses in coverage, and driving safely.

You obviously can't control every single aspect of your auto insurance profile (like some of the pieces we mentioned above), but there is quite a bit that you can control. Below are just a few of the variables you can use to your favor when it comes to saving money:

Your Driving Record

You've most likely observed ads from car insurance carriers posting hefty savings for good drivers. It shouldn't come as a surprise that if you get into an accident or get speeding tickets, insurance rates will increase. But exactly how much is it going to cost you for these infractions?

If you look at the table above, you'll notice that accidents will usually cost LR3 drivers more than tickets, but both will result in a raise in rates. Land Rover LR3 drivers with one ticket will pay about $98 monthly, while drivers with a single accident on their record pay an average of $116 per month (up $37 from the $79/mo. overall average). The rates only go up the more tickets you get or accidents you have.

How Much You Drive

The total distance you drive each year affects your car insurance premiums. Those who drive less are less likely to get into accidents, so they'll typically end up spending less on auto insurance. In the table above, you can see that Land Rover LR3 owners who drive 10,000 miles or more pay $86 for insurance, while those who drive fewer than 2,500 miles each year pay about $60 a month.

If you don't drive much because have a second vehicle or you work from home, you might consider getting a usage-based or pay-per-mile car insurance policy. With these kinds of policies, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

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How Do Land Rover LR3s Compare to Other Vehicles?

If you're considering making a Land Rover LR3 your next vehicle, it can pay off to do your research. Auto insurance is just one cost that's associated with a new car purchase, but it's guaranteed to be one that's worth taking into consideration.

Visit the table below to see how the Land Rover LR3 compares:

Overall, the Land Rover LR3 is on the more expensive side when it comes to price, with an MSRP that's a quarter more than the going rate for a new vehicle. The LR3 goes for $45,975, a bit higher than the national average vehicle price of $33,180. A used LR3 will be even more affordable, since there hasn't been a new model on the market recently.

But while the purchase price is on the higher end of the spectrum, insurance prices are pretty average when compared to the rest of the vehicle market. Full coverage insurance for a Land Rover LR3 is around $25 a month cheaper than average, while liability only coverage is $10 higher per month.

When it comes to usage, Land Rover LR3 drivers are pretty close to the national average in annual miles driven, with 11,464 miles every year compared to 11,617 for all vehicles.

Land Rover LR3 Car Insurance Costs by Model Year

You've seen how different things can affect how much the average driver pays for auto insurance. If you're in the market for a new car, truck, or SUV and the LR3 is on your wishlist, knowing what you can expect to pay for the specific vehicle you're looking at can be extremely helpful as you weigh your options and compare it to other vehicles on your shortlist.

Choose Your Model

2009 Land Rover LR3 Car Insurance 2008 Land Rover LR3 Car Insurance 2007 Land Rover LR3 Car Insurance 2006 Land Rover LR3 Car Insurance 2005 Land Rover LR3 Car Insurance

2009 Land Rover LR3 Car Insurance

2009 LR3 drivers can expect to pay an average of $91 monthly for liability or $144 for full coverage.

If you're looking for the cheapest possible 2009 Land Rover LR3 insurance policy, MetroMile offered the lowest policy we found, with rates as little as $38 per month.

These average rates are a great starting point if you're in the market for a 2009 Land Rover LR3, but there are a bunch of factors that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2008 Land Rover LR3 Car Insurance

You can expect full coverage for a 2008 Land Rover LR3 to run about $157 a month, while liability only coverage will average around $79 monthly.

With prices as low as just $28 a month, Sun Coast offered the cheapest policy we found.

Want to find the best rates? Get several personalized quotes for free by just entering your ZIP code below.

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2007 Land Rover LR3 Car Insurance

It costs about $92 per month for liability or $151 for a full coverage policy for the 2007 LR3.

MainStreet has premiums as cheap as just $25 a month for the 2007 Land Rover LR3.

If you want to know exactly how much you can expect to pay for your LR3, get free quotes in minutes by just entering your ZIP code below.

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2006 Land Rover LR3 Car Insurance

On average, drivers who own a 2006 Land Rover LR3 can expect to pay $78 to $135 per month for liability only and full coverage insurance, respectively.

Elephant offered the most affordable policy we found, with rates as low as $27 monthly.

If you're looking for a more exact figure on what you should pay for auto insurance for a 2006 Land Rover LR3, you can get free quotes in minutes by just entering your ZIP code below.

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2005 Land Rover LR3 Car Insurance

The average cost to insure a 2005 LR3 with liability only coverage is $73 a month, while full coverage runs around $122 per month.

With rates as cheap as $29 monthly, Dairyland offered the lowest policy we found for the 2005 Land Rover LR3.

What could your insurance rate look like? Enter your ZIP code below to get multiple free personalized quotes.

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Land Rover LR3 Insurance FAQs

Is a Land Rover LR3 expensive to insure?

Liability insurance runs an average of $79 a month, while full coverage will cost you around $139. Compared to the national average of all vehicles, prices come in on the less expensive end of the spectrum.

How can I get the best price on car insurance for my Land Rover LR3?

There's only one way to make sure you're getting the most affordable rates -- checking prices regularly and comparing quotes from a whole bunch of companies. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from a range of carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Land Rover LR3 affect my insurance premiums?

You might have heard that it costs more to insure red cars than silver or white ones, but that's just a myth. Although there are many variables auto insurance companies consider when they calculate how much your policy will be, your Land Rover LR3's color is not factored into that decision.

Do I need to have insurance before I buy a Land Rover LR3?

You'll need to have a valid car insurance policy before you can legally drive your new (or new to you) vehicle off the dealership lot. As part of the buying process, some dealerships may offer you an insurance policy, but it's best to let your insurance carrier know before you buy.

What car insurance discounts can I get for my Land Rover LR3?

There are all sorts of discounts out there when it comes to car insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are based less on your car and more on you, but if your LR3 has safety features like airbags, anti-lock brakes, anti-theft systems, and other features, it may be eligible for certain discounts. The best way to find out is to get in touch with your insurance company and ask about which discounts they offer.