Rivian Car Insurance Review (2024)
Rivian car insurance rates are about $300 per month for Rivian R1T and $275 for Rivian R1S. However, you can reduce monthly rates by at least 15% with the right company. Nationwide and several other insurance companies underwrite Rivian auto insurance coverage. To secure the best deal on Rivian car insurance, shop around and compare multiple companies.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
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UPDATED: Mar 9, 2024
It’s all about you. We want to help you make the right cheap car insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page 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 car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.
UPDATED: Mar 9, 2024
It’s all about you. We want to help you make the right cheap car insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Rivian Automotive, Inc. Summary
| Summary | Stats |
|---|---|
| Founded | 2009 |
| Founder | Robert "RJ" Scaringe |
| Headquarters | 13250 North Haggerty Rd., Plymouth, MI 48170 |
| Number of Employees | Around 10,000 |
| Phone Number | 1-888-748-4268 |
| Stock Symbol | RIVN |
| Total Assets | $4.6 Billion |
| [email protected] | |
| Website | https://www.rivian.com/ |
Did you know Rivian Automotive provides auto insurance for its electric vehicles? You can secure Rivian auto insurance through the company and skip the hassle of shopping for coverage.
But how much are Rivian car insurance rates? Can you get Rivian auto insurance quotes online? Don’t worry – we’re here to help.
Read our Rivian car insurance review to learn everything about the Michigan-based company. Also, we’ll tell you which car insurance companies underwrite insurance for Rivian vehicles.
After you learn everything about Rivian car insurance, enter your ZIP code in the free online tool above to compare multiple insurance companies near you.
How much is Rivian car insurance?
Rivian auto insurance rates are about $300 a month for some drivers. However, your Rivian car insurance quotes will vary.
Like all insurance companies, Rivian considers things like your driving record and where you live when calculating rates. However, as a usage-based program, there are ways to save.
Why is Rivian car insurance so expensive?
One of the reasons Rivian auto insurance quotes are so unpredictable is because of Rivian’s vehicle value.
Two Rivian vehicle types exist from Rivian Automotive, Inc., which are Rivian R1S and R1T.
Here’s a quick look into each vehicles’ value and other stats you should know about.
Rivian Vehicle Types
| Vehicle Details | R1T | R1S |
|---|---|---|
| Starting price | $64,000 | $70,000 |
| Miles per battery charge | 314 miles | 316 miles |
| Recommended wheel size | 21 inch | 21 inch |
| Towing capacity | 11,000 lbs | 7,700 lbs |
| Wading depth | 3 feet | 3 feet |
Rivian cars are just as strong as most standard trucks and SUVs, but the parts that make the vehicles are more expensive. Therefore, Rivian car insurance costs more than average.
Read more: Car Insurance for Truck Drivers
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Is Rivian car insurance more expensive than Tesla car insurance?
Rivian and Tesla are the electric vehicle leaders, but Tesla has done a better job with insurance relations with various companies.
Due to Tesla’s popularity and the fact that it has been around longer, it’s easier to locate Tesla car insurance quotes. But is Tesla auto insurance cheaper than Rivian auto insurance?
Let’s compare the latest insurance projections for Rivian and Tesla vehicles.
Tesla vs. Rivian Car Insurance Rates
| Electric Cars | Monthly Rates |
|---|---|
| Tesla Model 3 | $147 |
| Tesla Model S | $180 |
| Rivian R1S | $275 |
| Rivian R1T | $300 |
Tesla auto insurance rates are about $100 less than Rivian. But when you buy Rivian car insurance, your rates will vary.
What are the best Rivian car insurance discounts?
Rivian doesn’t list many discounts on its website, but you may be able to get a deal through an underwriter.
Nationwide is one of Rivian’s main underwriters for auto insurance. You can secure a few discounts when you insure an electric car through the Nationwide Mutual Insurance Company.
Let’s examine the available auto insurance deals.
- Anti-lock brakes (ABS) discount
- Anti-theft discount
- Electric vehicle discount
- Multi-policy discount
- Passive restraint discount
- Renewal discount
- Seatbelt discount
The Rivian website does mention a 15% drop in auto insurance rates when you renew your Rivian insurance policy. All other available discounts depend on the company that holds your policy.
How do you save money using Rivian’s Drive+?
You can take Rivian auto insurance savings a step further by utilizing Rivian’s Drive+ features.
Drive+ is a built-in driving program equipped with a 360-degree vision, five radars, 11 cameras, and 12 ultrasonic sensors.
These tools alert Rivian owners when they’re close to a vehicle and assist in preventing hard braking.
Rivian Insurance Services, LLC provides a deal on auto insurance rates when you use the Drive+ program.
Can I bundle Rivian car insurance with other Rivian products?
Yes, you can. Rivian Insurance Service, LLC provides homeowners, rental, and umbrella insurance for its customers.
You can even secure a small discount and save a little more on Rivian auto insurance per month when you bundle multiple insurance products.
Which car insurance companies underwrite Rivian insurance policies?
We mentioned how Nationwide is one of the main underwriters for Rivian vehicles. But there are a few companies that underwrite Rivian cars.
Here’s a list of companies that Rivian’s website mentioned.
- Nationwide Mutual Insurance Company
- The Cincinnati Insurance Company
- The Cincinnati Indemnity Company
- The Cincinnati Casualty Company
- The Cincinnati Specialty Underwriters Insurance Company
Rivian Insurance Services also deals with Nationwide’s affiliated companies and subsidiaries.
Check out the list below to see Nationwide’s subsidiaries and affiliated companies.
Nationwide Mutual Insurance Company Subsidiaries and Affiliated Companies
| Nationwide Affiliated Companies and Subsidiaries | List of Companies |
|---|---|
| Allied | ALLIED General Agency Company ALLIED Group, Inc. ALLIED Property and Casualty Insurance Company ALLIED Texas Agency, Inc. AMCO Insurance Company Depositors Insurance Company Nationwide Insurance Company of America Premier Agency, Inc. |
| Farmland | Nationwide Agribusiness Insurance Company |
| Scottsdale | DVM Insurance Agency, Inc. Freedom Specialty Insurance Company National Casualty Company National Casualty Company of America, Ltd. Scottsdale Indemnity Company Scottsdale Insurance Company Scottsdale Surplus Lines Insurance Company V.P.I. Services, Inc. Veterinary Pet Insurance Company |
| Other Property and Casualty Companies | Allied Holdings (Delaware), Inc. ALLIED Insurance Company of America American Marine Underwriters, Inc. Colonial County Mutual Insurance Company Crestbrook Insurance Company Eagle Captive Reinsurance, LLC E-Risk Services, LLC Harleysville Group Inc. Harleysville Insurance Company Harleysville Insurance Company of New Jersey Harleysville Insurance Company of New York Harleysville Lake States Insurance Company Harleysville Preferred Insurance Company Harleysville Worcester Insurance Company Lone Star General Agency, Inc. Nationwide Affinity Insurance Company of America Nationwide Assurance Company Nationwide Cash Management Company Nationwide General Insurance Company Nationwide Indemnity Company Nationwide Insurance Company of Florida Nationwide Lloyds Nationwide Member Solutions Agency, Inc. Nationwide Mutual Fire Insurance Company Nationwide Mutual Insurance Company Nationwide Property and Casualty Insurance Company Nationwide Services Company, LLC Nationwide Realty Services, Ltd. NSB Insurance Agency, Inc. On Your Side Nationwide Insurance Agency, Inc. Retention Alternatives Ltd. THI Holdings (Delaware), Inc. Titan Auto Insurance of New Mexico, Inc. Titan Insurance Company Titan Insurance Services, Inc. Victoria Fire & Casualty Company Victoria National Insurance Company Victoria Select Insurance Company |
Did you see a company you recognized? Some of these companies are regional providers, but they all have connections to the Nationwide Mutual Insurance Company.
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Does Rivian car insurance have any financial strength ratings?
Rivian Automotive, Inc. and Rivian Insurance Services, LLC don’t have any financial strength ratings.
Since Nationwide is the most significant company that underwrites insurance for Rivian vehicles, we’ll look at Nationwide’s financial strength, credit, and customer review ratings.
Nationwide Ratings
| Agencies | Nationwide Ratings |
|---|---|
| A.M. Best | A+ |
| Better Business Bureau (BBB) | A |
| Moody's | A1 |
| S&P | A+ |
| NAIC Complaint Index | 2.23 |
| J.D. Power - Power Circle Ratings | About Average |
| Consumer Reports | 88 |
| Apple App Store (iOS) | 2 stars |
| Google Play Store (Android) | 3 stars |
Overall, Nationwide’s financial strength and credit ratings are excellent. However, Nationwide struggles with customer reviews.
How do I file a Rivian car insurance claim?
Although other insurance companies handle Rivian auto insurance policies, you can still contact Rivian Insurance Services to file a claim.
Send an email to [email protected] or call 1-888-748-4268 and let the Rivian insurance agent know you want to file a claim.
They may connect you to the insurance company that has your policy.
What are the most interesting facts about Rivian Automotive, Inc.?
Rivian Automotive, Inc. was founded by Robert “RJ” Scaringe in 2009. Its headquarters is in Plymouth, MI, and it has around 10,000 employees.
Although Rivian Automotive Inc. started in Michigan, they started building Rivian vehicles in Normal, IL.
In 2019, Rivian moved into the public eye. Rivian earned over $2 billion without selling a vehicle.
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Rivian Car Insurance: The Bottom Line
Rivian Automotive Inc. and Rivian Insurance Services, LLC are part of Rivian’s electric vehicle company.
Although the automotive sector focuses on electric trucks and SUVS, the insurance portion is handled by Nationwide and other companies.
If you decide to go through Nationwide, you should check out our Nationwide car insurance reviews to learn more.
Now that you know a lot more about affordable Rivian car insurance, enter your ZIP code below to see what various insurance companies have to offer in your area.
Compare quotes from the top car insurance companies and save
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.