Rivian Car Insurance Review

Rivian car insurance company sells affordable car insurance specifically for electric Rivian vehicles with off-roading capabilities. To buy Rivian car insurance, you must own at least one Rivian-branded truck or sports utility vehicle. Rivian car insurance rates are unknown, but similar electric cars cost $225 per month or $2,700 annually to insure on average.

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UPDATED: Dec 16, 2021

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Overview

  • Rivian car insurance sells cheaper insurance policies to people who own Rivian-branded vehicles
  • You can only buy Rivian car insurance if you purchase a Rivian truck or sports utility vehicle
  • Rivian is also an electric car start-up that focuses on sustainability with an adventurous spirit

Rivian is an electric car start-up that sells fully electric trucks and sports utility vehicles (SUVs). The company started Rivian car insurance in 2021 to prevent Rivian owners from paying higher-than-average car insurance rates.

Instead of starting an entirely new company, Rivian partnered with already established insurers like Nationwide and The Cincinnati Insurance Company to perform the underwriting process.

However, unlike traditional insurance, all Rivian Insurance policies include coverage for Rivian-branded parts and off-roading. The company sells car insurance in 48 states with plans to expand in the future.

In this Rivian car insurance review you’ll learn how to request a quote, look at ratings, and determine if a Rivian car insurance policy is a good fit for you.

You may need a Rivian to secure affordable Rivian car insurance. But to compare rates from the top companies in your region, you just need to enter your ZIP code into our free quote tool above.

What is Rivian car insurance company?

The Rivian brand of motor vehicles started the Rivian car insurance company in 2021 to protect Rivian car owners from high car insurance rates.

Rivian currently sells two fully electric cars, the R1S SUV and the R1T truck. To buy Rivian car insurance, you must own at least one Rivian vehicle.

High car insurance rates are a problem that also impacts Tesla car owners. But while Tesla created an independent, in-house insurance company, Rivian chose to partner with already established companies.

All Rivian Insurance policies are underwritten by Nationwide Mutual Insurance Company, The Cincinnati Insurance Company, or associated subsidiaries.

Despite partnering with two well-known insurers, Rivian Insurance Services, LLC is a separate entity.

So policyholders interact with Rivian Insurance representatives and use a Rivian branded mobile app to file claims, make policy changes, and pay monthly bills.

You can purchase most of the basic car insurance coverages from Rivian Insurance. But for information about optional policy add-ons, you must contact a company representative.

Plus, Rivian’s mission statement is to preserve the natural world forever. As a result, the company prioritizes sustainability and adventuring.

So all policies also include coverage for specific Rivian-branded parts and off-roading.

Rivian also provides a connected vehicle platform and suite in all manufactured vehicles that monitors your driving and provides you with data-driven coverage, discounts, and more.

Currently, Rivian insurance is available in 48 states with plans to expand in the near future.

You also get free access to a Rivian Membership during the company’s launch. However, a fee may apply in the future.

You get off-roadside assistance as part of the Rivian Membership and vehicle warranty. Technicians help retrieve your vehicle if it gets stuck while trail driving or loses charge and requires a tow.

While this is a great feature, it technically is not part of your Rivian Insurance services.

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How do you get Rivian car insurance quotes?

Currently, you can only request Rivian car insurance quotes when purchasing a Rivian vehicle. Additionally, there is no online quote tool on the company website.

While completing the purchasing process, you connect with a representative who helps build a policy based on how you plan to use your Rivian.

If you’ve already purchased the R1T or R1S, you may contact Rivian Insurance representatives over the phone for a quote.

Licensed Rivian insurance advisors are available by phone on weekdays between 7 a.m. and 7 p.m. central time.

How much does Rivian car insurance cost on average?

Rivian car insurance rates are currently not available. However, similar electric cars, like Tesla models, cost $225 per month or $2,700 annually on average.

Plus, if you request a Rivian quote, you can compare it to the national average cost of car insurance.

Sources state that in 2018, car insurance cost the typical American $99.16 per month or $1,190 for the year on average.

Many different factors impact your car insurance rates, including your age, ZIP code, coverage requirements, driving record, and more.

So to truly secure the best coverage for you, compare quotes from multiple companies before committing to a policy.

How is the Rivian Insurance claims process?

Not all Rivian car owners have received their Rivian vehicles yet. So, unfortunately, not much is known about the claims process at this time.

However, a claims center is available in the Rivian mobile app and software suite. You can also contact a Rivian representative during regular business hours for customer support.

Rivian promises only to use trained mechanics familiar with Rivian parts to perform vehicle repairs.

Plus, it will update your truck or SUV with the most recent technology as necessary.

Fortunately, the two companies that underwrite most Rivian policies, Nationwide and The Cincinnati, received primarily neutral to positive claims center reviews from real customers.

Ideally, Rivian Insurance Services, LLC will be just as reliable and efficient as the companies it partners with.

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Does Rivian Insurance offer any car insurance discounts?

Rivian does not provide a list of available car insurance discounts on the company website. However, it states that discounts are available in each state where the company operates.

It also mentions that, in some states, drivers can earn up to a 20% discount by bundling their home and car insurance policies.

Plus, all Rivian vehicles come equipped with the Driver+ Highway Assist technology.

The hands-free driver assistance program steers your car, adjusts your speed, and changes lanes on select highways at your command.

Drivers can earn up to a 15% rate reduction on their Rivian car insurance policy by using it regularly.

Contact a customer service representative for more detailed information about specific discounts available to you through Rivian Insurance.

What are the Rivian car insurance ratings and reviews?

Cheap car insurance rates are great. But analyzing an insurance company’s customer reviews and credit report ratings helps you determine if the company is reliable and easy to work with before committing to a policy.

However, Rivian Insurance is too new and is not currently rated by A.M. Best or other financial ranking agencies. It also currently has very few online customer reviews.

So instead, we’ll analyze Nationwide, a company that Rivian Insurance Services, LLC uses for the underwriting process.

Nationwide earned the following positive scores from the leading credit rating agencies:

  • A.M. Best: A+
  • Moody’s: A1
  • Standard & Poor’s: A+

Overall, you can trust that this company is doing well financially and can reliably follow through on its obligations to policyholders.

Fortunately, Nationwide customer reviews are also relatively positive. According to the National Association of Insurance Commissioners (NAIC), the company has a complaint index of 2.23.

The median is always set to 1.00, and lower scores are better.

So a 2.23 implies that Nationwide received more complaints than the median, but not a substantial or concerning amount.

As you shop around for coverage, keep these Rivian ratings and reviews in mind to help you choose the best company for you.

What vehicles does Rivian sell?

Rivian currently only sells two vehicles, the R1T truck and the R1S SUV. Plus, three different equipment packages are available, with one limited to the company’s launch.

Rivian is committed to sustainable technological advancements. So all vehicle interiors are made out of animal-free, recyclable materials.

The batteries are also designed to be easily removable and partially recyclable at the end of the vehicle’s life.

These state-of-the-art electric vehicles also drive further on a single battery charge than most other models on the market today.

The table below compares the different specifications for the R1T and R1S.

Rivian Vehicle Details by Model
Vehicle DetailsR1TR1S
Starting price$67,500$70,000
Miles driven per battery charge314 miles316 miles
Recommended wheel size21 inch21 inch
Towing capacity11,000 lbs7,700 lbs
Wading depth3 feet3 feet
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Some variables impact the range of these electric cars. The truck and SUV see a 10% to 15% range reduction with 20-inch wheels and a 5% to 10% reduction with 22-inch wheels.

All Rivian vehicles also come with the Driver+ Highway Assist software.

The hands-free technology uses 12 ultrasonic sensors, five radars, and 11 sensors to create a 360-degree view around your truck or SUV.

In the future, Rivian plans to release a truck that reaches 250 miles on a single charge and another truck that hits 400 miles. Plus, another SUV that gets 250 miles is also in the works.

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What is the history of Rivian?

The history of Rivian Insurance is relatively short, as the motor vehicle brand just created the company in 2021. But Rivian initially started in 2009.

CEO Robert Scaringe wanted to create electric trucks similar to how Tesla made electric luxury vehicles.

However, he kept the brand out of the public eye for years while raising money for the company.

Without ever building a single truck, Scaringe raised $1.7 billion for Rivian. He then secured significant funding from other companies, including Amazon and Ford Motor.

Finally, in 2017, Rivian acquired a retired Mitsubishi manufacturing plant located in Normal, Illinois. There, it produced its first-ever alpha prototypes.

In 2021, before the first customers even received their Rivian trucks and SUVs, the company partnered with car insurance industry leaders, Nationwide and The Cincinnati Insurance Company as underwriters.

The goal was to prevent Rivian car owners from paying much higher than average car insurance rates simply because of how advanced the technology is in these cars.

Rivian also feared that other traditional insurers might provide higher rates for the R1T and R1S because the vehicles are built for trail driving and off-roading.

So, by working with already established companies, Rivian could offer specialized car insurance policies in 48-states very quickly.

Essentially, the insurance services are intended to integrate with Rivian ownership seamlessly.

Now, when customers purchase a Rivian electric car, they can also buy a Rivian car insurance policy created for the way they plan to use their new vehicle.

Does Rivian sell other insurance products?

According to the company website, Rivian offers boat, home, camper, and other vehicle insurance to customers. However, availability changes depending on what state you live in.

So Rivian insurance does provide coverage for other vehicle makes and models, but only if you also insure a Rivian truck or SUV.

These additional insurance products are also underwritten by Nationwide and The Cincinnati Insurance Company or the subsidiaries of the two groups.

For details about what specific insurance products are available where you live and how much it may cost you, contact a Rivian insurance representative.

Rivian Car Insurance: The Bottom Line

If you own a Rivian truck or SUV, consider adding Rivian Insurance Services to your comparison shopping list. Rivian truly created the Rivian car insurance company for you.

The insurance products integrate seamlessly with your Rivian ownership. The company even provides affordable off-road coverage and uses specialty Rivian parts.

However, if you do not own one of these state-of-the-art electric vehicles, then you’ll have to look elsewhere for coverage.

Fortunately, you can compare car insurance companies to secure low-cost, comprehensive car insurance, even for electric vehicles.

You may need a Rivian to buy Rivian car insurance, but all you need to do to compare car insurance quotes from the best companies near you is enter your ZIP code into our free rate tool below.

Free Insurance Quote Comparison

Enter your zip code below to view companies that have cheap insurance rates.

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