Rivian Auto Insurance Review [2024]

Rivian Auto Insurance redefines coverage for electric vehicle owners, offering competitive rates and exclusive discounts that set a new standard in the evolving landscape of auto insurance.

UPDATED: Dec 21, 2023Fact Checked

Schimri Yoyo

Licensed Agent & Financial Advisor

Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity.  Schimri is an educator eager to assist individuals and families in ...

Licensed Agent & Financial Advisor

Diego Anderson

Licensed Real Estate Agent

Diego Anderson is a Real Estate Agent based in the Bay Area of California. Having received his Real Estate License at the age of 18, he wasted no time learning the ins and outs of the industry. With a focus on residential dual agency, he has a passion for supporting and educating families on their home buying and selling decisions. He is no stranger to new builds and new developments. He also r...

Licensed Real Estate Agent

UPDATED: Dec 21, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Dec 21, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 21, 2023Fact Checked

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Rivian

Average monthly rate for good drivers:

N/A

A.M. Best rating:

N/A

Complaint level:

Low

Pros

  • Rivian auto insurance caters to all-electric adventure vehicles.
  • They offer coverage specifically designed for Rivian electric vehicles.
  • Discounts are available for bundling with Rivian home or renters insurance.
  • Usage-based discounts are offered through the Driver+ safety technology.

Cons

  • Rivian is a new company and doesn’t have an established reputation in the insurance industry.
  • Rivian insurance quotes are only available by speaking with a Rivian insurance representative.
  • The cost of Rivian insurance can be higher compared to gasoline-powered vehicles.
  • The available discounts and coverage options may be limited compared to more established insurance companies.

Final Verdict: Review of Rivian

If you’re among the 1.5 million people who have switched to electric vehicles (EVs), then finding cheap auto insurance is a priority right now. EVs cost more to insure than gas or diesel-powered vehicles, and that’s why many manufacturers are starting to offer their own insurance policies to help drivers save money, including the Rivian auto insurance company.

Rivian is an all-electric vehicle manufacturer that delivered its first models to drivers in October 2021. If you own a Rivian SUV or truck — or are in the market for an EV — read our guide now to learn more about electric car insurance and if Rivian auto insurance is right for you.

Scroll down to learn more about Rivian Automotive, Inc., how it works, and to compare Rivian auto insurance rates with rates from top insurance companies near you for free. If you’re ready to compare auto insurance quotes now, enter your ZIP code above to get free quotes from companies in your area.

If you’re among the 1.5 million people who have switched to electric vehicles (EVs), then finding cheap auto insurance is a priority right now. EVs cost more to insure than gas or diesel-powered vehicles, and that’s why many manufacturers are starting to offer their own insurance policies to help drivers save money, including the Rivian auto insurance company. Rivian is an all-electric vehicle manufacturer that delivered its first models to drivers in October 2021. If you own a Rivian SUV or truck — or are in the market for an EV — read our guide now to learn more about electric car insurance and if Rivian auto insurance is right for you. Scroll down to learn more about Rivian Automotive, Inc., how it works, and to compare Rivian auto insurance rates with rates from top insurance companies near you for free. If you’re ready to compare auto insurance quotes now, enter your ZIP code above to get free quotes from companies in your area.

What You Should Know About Rivian Insurance Services LLC

Rivian auto insurance caters to all-electric adventure vehicles, mostly pick-up trucks and SUVs. These types of EVs are designed to be driven off-road.

Since the more popular car insurance companies are slow to offer affordable policies for hybrid and all-electric vehicles, Rivian and other EV manufacturers, like Tesla, are offering their own insurance coverage.

How does Rivian insurance coverage work?

Rivian auto insurance works like any other auto policy. You choose the level of coverage you need and choose any additional add-ons the company offers. Rivian provides the minimum liability coverage you need in your state, as well as comprehensive and collision coverage.

If it’s required in your state, you can also buy medical payments coverage (MedPay), personal injury protection (PIP), and uninsured/underinsured motorist protection (UMI) from Rivian.

However, Rivian auto insurance is usage-based, with discounts and perks not available with a traditional policy.

For example, Rivian equips each of their EVs with Driver+ safety technology. Driver+ technology offers automated driving assistance and more, and Rivian rewards drivers with cheaper rates and discounts the more often they use the technology.

What qualifies drivers for a Rivian Driver+ safety technology discount?

  • Using cruise control
  • Automatic steering
  • Automatic braking and accelerating
  • Using lane centering and lane-change assistance
  • Using Driver+ Highway Assist to automate highway driving

Driver+ will also act as a form of Roadside Assistance coverage, connecting drivers with towing assistance when needed.

When you buy Rivian car insurance, you automatically receive the Driver+ discount. And drivers who also sign up for Driver+ Highway Assist are offered lower rates at their renewal period.

How are Rivian customer service and financial ratings?

On average, Rivian customer service reviews are positive. Its NAIC score is 0.53, meaning it sees half the complaints of other companies its size. But it can be too soon to tell. Rivian is a new company, both as a manufacturer and an insurance provider. It hasn’t been around long enough to build a reliable reputation, and it isn’t large enough to have its own A.M. Best rating.

However, Rivian Nationwide underwriting can give you an idea of its financial outlook. Take a look at the table below to see how Nationwide and Rivian compare:

Top 10 U.S. Auto Insurance Companies by Market Share and A.M. Best Ratings
RankCompaniesDirect Premiums WrittenLoss RatiosMarket SharesA.M. Best Ratings
1State Farm$41,963,578,0006317.01A++ (Superior)
2Geico$33,075,434,0007113.41A++ (Superior)
3Progressive$27,058,768,0006210.97A+ (Superior)
4Allstate$22,663,214,000569.19A+ (Superior)
5USAA$14,467,936,000775.87A++ (Superior)
6Liberty Mutual$11,776,654,000624.77A (Excellent)
7Farmers$10,496,476,000614.26A (Excellent)
8Nationwide$6,726,799,000582.73A+ (Superior)
9Travelers$4,697,743,000601.9A++ (Superior)
10American Family$4,687,909,000691.9A (Excellent)

Nationwide earned an A+ rating, meaning it has the financial ability to pay out on its claims and any Rivian insurance claims. However, being one of the biggest companies in the country doesn’t translate to being the best.

The easiest way to find the best auto insurance rates in your area is to compare your top picks against other local companies. Compare at least three different companies before you buy Rivian auto insurance to ensure you’re getting the best deal possible.

How To Get Rivian Auto Insurance Quotes

Rivian auto insurance quotes are exclusively available to drivers who own a Rivian EV. The only way to get Rivian auto insurance quotes is to speak with a Rivian insurance representative over the phone or in person.

If you own a Rivian vehicle, call the Rivian auto insurance number at 1-888-748-4261 to speak with an agent. You can also call this number to file a claim, change your coverage, or cancel your policy.

As you shop around for affordable auto insurance, realize that you could end up paying $225 or more per month for electric car insurance coverage. Fortunately, you can get the lowest Rivian auto insurance rates possible by using Rivian’s Driver+ and Highway Assist technology. You can also bundle your policies with Rivian homeowners or renters insurance to get a 20% discount.

Rivian auto insurance could be the best policy for you if you already own or plan on buying a Rivian EV in the future. The company caters to all-electric vehicles and offers insurance policy options to better reflect the needs of EV drivers.

Before you call to buy Rivian car insurance, compare quotes online from multiple companies. Comparing quotes is the fastest and easiest way to lock in affordable auto insurance coverage for any vehicle. Enter your ZIP code below to start comparing local insurance companies today for free.

Rivian Insurance Services LLC Insurance Coverage Options

Rivian Auto Insurance goes beyond conventional offerings, providing a comprehensive suite of coverages designed to meet the unique needs of electric vehicle owners. Explore the diverse range of protections that set Rivian apart in the auto insurance arena.

  • Liability Coverage: Ensures compliance with state requirements by providing the minimum liability coverage necessary.
  • Comprehensive and Collision Coverage: Safeguards against damages to your Rivian electric vehicle, covering both accidents and non-collision events.
  • Medical Payments Coverage (MedPay): Offers additional protection by covering medical expenses resulting from an accident, regardless of fault.
  • Personal Injury Protection (PIP): Provides broader coverage for medical expenses, lost wages, and other costs related to injuries sustained in an accident.
  • Uninsured/Underinsured Motorist Protection (UMI): Protects you when involved in an accident with a driver who has insufficient or no insurance.
  • Usage-Based Insurance (UBI): Tailors premiums based on driving behavior, with discounts and perks for regular use of Rivian’s advanced safety technologies.
  • Driver+ Safety Technology Discount: Earn discounts by utilizing Rivian’s Driver+ technology, which offers automated driving assistance and acts as a form of Roadside Assistance.
  • Bundling Discount: Enjoy up to 20% off auto insurance rates when bundling with Rivian home or renters insurance.

Rivian Auto Insurance stands at the forefront of innovation, not only in electric vehicles but also in providing a comprehensive array of coverages that prioritize the safety and satisfaction of its policyholders. Embrace a new era of protection with Rivian.

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Rivian Insurance Services LLC Insurance Rates Breakdown

Driver ProfileRivian Auto InsuranceNational Average
Clean Record$79$119
1+ Ticket$123$147
1+ Accident$160$173
DUI$221$209
Poor Credit$136$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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What does Rivian insurance cost? That depends on a few different variables, most of which are unique to each driver. To start with, your age, gender, and location all impact your car insurance rates. The type of policy you choose will also affect your rates, as will the type of vehicle you drive.

For example, electric car insurance rates average between $175-$225 per month. Your quotes could be higher or lower depending on your driving record and the make and model of your car.

These rates seem expensive because they are. The average cost of car insurance in 2022 was $140/mo. However, EVs cost more to insure than gasoline-powered vehicles because the batteries and other components used in place of traditional engines cost more to replace or repair.

Why are Rivian insurance costs so high?

Rivian car insurance quotes may be higher than average because SUVs cost more to insure on average. Rivian Automotive currently offers only an SUV (R1S) and a pick-up truck (R1T) model. Rates for these vehicles will be more expensive than for a sedan.

Take a look at the table below to see how SUV insurance costs compare across different makes and models:

Auto Insurance Rates of the Most Common SUVs

Popular SUVs Monthly Auto Insurance Rates Annual Auto Insurance Rates
Honda CR-V $94 $1,128
Ford Explorer $108 $1,294
Chevrolet Equinox $113 $1,354
Toyota Highlander $116 $1,392
Nissan Rogue $117 $1,400

SUVs cost more to insure than sedans, mostly due to their size. And when it comes to hybrid and electric SUVs, you can expect to pay higher rates than average. The parts and technology inside a Rivian R1S differ from those in a Nissan Rogue, for example, and are often more expensive.

You can also expect your Rivian auto insurance quotes to be slightly higher than average because its vehicles are brand new. It only shipped its first models to customers in October 2021. However, you can expect your insurance rates to drop over the coming years as the company establishes its foundation in the market.

Rivian Insurance Services LLC Discounts Available

DiscountsRivian Auto Insurance
Anti Theft17%
Good Student23%
Low Mileage20%
Paperless12%
Safe Driver28%
Senior Driver18%

To keep electric car insurance costs as low as possible for its drivers, Rivian offers its own usage-based insurance (UBI) and in-house manufacturing and repair services. Rivian auto insurance is also underwritten by Nationwide, which is cheaper than average in some states.

Take a look at the table below to see how usage-based insurance rates vary by company:

Auto Insurance CompanyAverage Monthly Auto Insurance RatesA.M. Best Rating
Root$65N/A
Metromile$65N/A
State Farm$98A++
Progressive$103A+
Travelers$141A+
Allstate$184A+
Nationwide$186A+

Nationwide is more expensive than other UBI insurance programs, but rates still fall on the lower end of the electric car insurance average.

You are also eligible for a bundling discount of up to 20% off your auto insurance rates when you combine policies with a Rivian home or renters insurance policy.

Unfortunately, there is no extensive list of Rivian car insurance discounts. But the company does offer discounted rates by tracking driving habits through its Driver+ safety technology. So, you can lock in more affordable Rivian auto insurance rates by maintaining good driving habits.

Rivian also offers a comprehensive Rivian Service Program. This includes Rivian Remote Care, a remotely-operated diagnostic system that tracks Rivian vehicles and their performance.

Rivian Technicians can diagnose and order replacement parts remotely and come directly to policyholders to repair or pick up vehicles. If the technician needs to take a vehicle in for service, the Rivian Service Program provides drivers with a loaner EV in the meantime.

While the Rivian Service Program doesn’t lower your rates initially, it can save you money later if you’re in an accident or otherwise need maintenance.

How Rivian Insurance Services LLC Ranks Among Providers

In the dynamic landscape of auto insurance, Rivian faces robust competition from industry leaders and innovative players vying for the attention of electric vehicle enthusiasts. Explore the key contenders shaping the competitive field alongside Rivian Auto Insurance.

  • Tesla Insurance: As a fellow electric vehicle giant, Tesla Insurance competes directly with Rivian, offering insurance solutions tailored to Tesla vehicle owners. Both companies strive to integrate insurance seamlessly into the EV ownership experience.
  • Progressive: A stalwart in the insurance industry, Progressive’s innovative Snapshot program, focusing on usage-based insurance, puts it in direct competition with Rivian’s dynamic approach to premium calculations based on driving behavior.
  • Geico: Known for its extensive coverage options and competitive rates, Geico stands as a formidable rival to Rivian, attracting a diverse range of customers with its longstanding reputation in the insurance market.
  • State Farm: A trusted name in insurance, State Farm’s expansive network and comprehensive coverage options present a strong alternative to Rivian, particularly for those seeking traditional coverage with a wide-reaching agent network.
  • Allstate: With a focus on cutting-edge technology and personalized coverage options, Allstate competes with Rivian by appealing to tech-savvy consumers looking for advanced features and tailored insurance solutions.

As Rivian Auto Insurance navigates the competitive currents of the auto insurance industry, these key competitors underscore the importance of innovation, comprehensive coverage, and customer-centric approaches. In this dynamic arena, the choices are vast, and the competition fierce, driving continuous evolution and improvement across the board.

Frequently Asked Questions

What is Rivian auto insurance, and who can qualify for it?

Rivian auto insurance is an insurance policy offered by Rivian, an all-electric vehicle manufacturer that provides coverage for Rivian electric vehicles. To qualify for this coverage, drivers must own a Rivian electric vehicle.

What discounts can drivers receive with Rivian auto insurance?

Drivers who bundle their Rivian auto insurance with Rivian home or renters insurance can receive up to a 20% discount on their rates. Additionally, drivers can earn further discounts by regularly using Rivian’s Driver+ and Highway Assist safety technologies.

How does Rivian insurance coverage work?

Rivian auto insurance operates like standard policies, offering customizable coverage levels, including minimum liability, comprehensive, and collision coverage. Additionally, it provides optional coverages such as medical payments, personal injury protection, and uninsured/underinsured motorist protection based on state requirements.

Is Rivian insurance usage-based, and how does that work?

Yes, Rivian auto insurance is usage-based. The more often drivers use Rivian’s Driver+ safety technology, which provides automated driving assistance, the more discounts and perks they can receive. Rivian also equips each of its EVs with Driver+ technology, which can act as a form of Roadside Assistance coverage, connecting drivers with towing assistance when needed.

How can drivers get Rivian auto insurance quotes?

Rivian auto insurance quotes are exclusively available to drivers who own a Rivian electric vehicle. Drivers can contact a Rivian insurance representative over the phone or in person to get a quote or make changes to their policy.

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Schimri Yoyo

Licensed Agent & Financial Advisor

Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity.  Schimri is an educator eager to assist individuals and families in ...

Licensed Agent & Financial Advisor

Diego Anderson

Licensed Real Estate Agent

Diego Anderson is a Real Estate Agent based in the Bay Area of California. Having received his Real Estate License at the age of 18, he wasted no time learning the ins and outs of the industry. With a focus on residential dual agency, he has a passion for supporting and educating families on their home buying and selling decisions. He is no stranger to new builds and new developments. He also r...

Licensed Real Estate Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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