Rivian Auto Insurance Review (2024)
Rivian auto insurance will be available to drivers who purchase the company’s electric vehicles, and the usage-based coverage will be offered through underwriters such as Nationwide. Rivian car insurance rates can be lowered if drivers take advantage of Drive+, the automated driving technology built into Rivian vehicles. Drivers may also be able to take advantage of discounts offered by the underwriting company.
Read moreKristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
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UPDATED: Jun 12, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare 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 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: Jun 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare 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.
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Rivian
Average Monthly Rate For Good Drivers
$189A.M. Best Rating:
A+Complaint Level:
LowRivian plans to offer auto insurance for drivers who purchase its electric vehicles. Although the company doesn’t actually offer its own insurance, it does work with underwriters like Nationwide to provide coverage.
Before you buy Rivian auto insurance, shop around to make sure you are getting the lowest rates out there. Comparison shopping can help you find the coverage you need with the lowest rates possible.
We hope you’ve learned all you need to know about Rivian auto insurance. Enter your ZIP code before you go to compare free quotes from auto insurance companies in your area.
What You Should Know About Rivian Insurance Services Llc
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Rivian Auto Insurance Availability
Rivian auto insurance will be available in 48 states to start with and plans to add more states quickly.
However, you can’t get Rivian auto insurance quotes online, and it appears the company is just in the beginning stages of offering insurance.
Even though Rivian is new to the insurance game, its underwriters have been around for a long time and are well-respected.
Although Rivian auto insurance rates aren’t available, we do have Nationwide rates that can give you an idea of what to expect.
There are many factors that affect auto insurance rates, including your driving record.
This table shows you average annual rates based on driving records from Nationwide and other top companies for you to compare.
Sports Car Auto Insurance Rates by Driving Record
| Insurance Company | Clean Record | One Accident | One Speeding Ticket | One DUI |
|---|---|---|---|---|
| AAA | $250 | $400 | $320 | $600 |
| Allstate | $222 | $356 | $280 | $520 |
| American Family | $200 | $350 | $250 | $400 |
| Erie | $230 | $380 | $300 | $550 |
| Farmers | $271 | $390 | $320 | $650 |
| Liberty Mutual | $278 | $420 | $350 | $720 |
| Nationwide | $200 | $350 | $250 | $450 |
| Progressive | $280 | $450 | $380 | $700 |
| State Farm | $150 | $300 | $200 | $400 |
| Travelers | $250 | $400 | $320 | $600 |
Rivian’s electric vehicles with Drive+ aim to improve your driving record by helping you avoid accidents and stop poor driving habits.
In addition to standard auto insurance coverage, Rivian will also offer insurance for your home, boat, camper, and other recreational vehicles.
Rivian’s electric vehicles with Drive+ aim to improve your driving record by helping you avoid accidents and stop poor driving habits.
In addition to standard auto insurance coverage, Rivian will also offer insurance for your home, boat, camper, and other recreational vehicles.
Rivian Insurance Services Llc Insurance Rates Breakdown
Rivian Insurance Costs
According to our auto insurance review, Rivian is an electric vehicle manufacturer that is adding auto insurance to its offerings. A Rivian auto insurance company doesn’t actually exist. Rivian uses Nationwide insurance to underwrite the policies.
Rivian auto insurance will use built-in telematics to determine auto insurance rates. Drive+ can automatically steer, brake, and change lanes for drivers.
Rivian believes that drivers who take advantage of Drive+ will be much safer and offers lower rates for drivers who use the technology often.
The National Highway Traffic Safety Administration reports that there are multiple levels of automated driving, and each one has its own benefits and risks.
How much Rivian car insurance will cost depends on several factors, as each state creates its own guidelines for the types of automated driving allowed and who is responsible in the event of an accident. This is where auto insurance can get tricky.
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How to Cancel Rivian Insurance
Since Rivian auto insurance is through Nationwide and other underwriters, you will have to follow the cancellation policy with that specific company.
However, there are certain steps that you will need to follow no matter which company you are insured with.
Common steps to canceling your auto insurance policy are:
- Learn when your current policy expires. You may be charged a cancelation fee depending on which insurance company underwriters your policy. Waiting until your policy expires will help you avoid those fees.
- Shop around for new coverage. Every company will weigh your personal factors differently and offer different rates.
- Get your new coverage started. Pick your new company and new coverage. Decide when you want your policy to go into effect.
- Cancel your Rivian auto insurance. Set your cancelation date for a couple of days after your new policy goes into effect to avoid a lapse in coverage.
- Follow up with your old auto insurance company to make sure your policy has been canceled and to see if you are due a refund.
Every auto insurance company will have its own cancellation process in place, so be sure to get all of the details before you begin shopping for new coverage.
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How to File a Rivian Insurance Claim
Just like canceling your coverage, each underwriter will have its own claims process. You may be able to begin the claims process online or through an app. However, make sure you have all of the information you need to file your claim, such as a police report and pictures of the damage.
Rivian offers in-house repairs as a way to ensure your vehicle is repaired correctly and quickly.
Rivian Auto Insurance Ratings
Rivian insurance reviews suggest that because the company is so new, it does not have A.M. Best or Better Business Bureau (BBB) ratings. However, we can look at Nationwide ratings to see how Rivian auto insurance underwriters stack up.
A.M. Best ranks companies based on financial stability. Nationwide received an A+ showing a superior ability to meet financial obligations.
The BBB ranks companies based on customer interaction. Nationwide received an A+ rating and is accredited.
While these rankings don’t reflect how Rivian will perform, they can offer drivers peace of mind that their auto insurance needs will be met.
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Rivian Insurance Services Llc Discounts Available
Rivian Auto Insurance Discounts
Since Rivian uses Nationwide and other companies as underwriters, drivers may be eligible for discounts from those companies.
This table shows you available Nationwide discounts that Rivian customers should be eligible for as well as discounts from other top companies. The amount of the discount is listed if it is known.
Auto Insurance Discounts by Company
| Discount Name | Allstate | American Family | Farmers | Geico | Liberty Mutual | Nationwide | Progressive | State Farm | Travelers | USAA |
|---|---|---|---|---|---|---|---|---|---|---|
| Adaptive Cruise Control | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Adaptive Headlights | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Anti-lock Brakes | 10% | ✓ | ✓ | 5% | 5% | 5% | ✓ | 5% | ||
| Anti-Theft | 10% | ✓ | 23% | 20% | 25% | ✓ | 15% | |||
| Claim Free | 35% | ✓ | ✓ | 26% | ✓ | 10% | ✓ | 15% | 23% | 12% |
| Continuous Coverage | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 15% | ✓ | ||
| Daytime Running Lights | 2% | ✓ | 3% | 5% | 5% | ✓ | ✓ | |||
| Defensive Driver | 10% | 10% | ✓ | ✓ | 10% | 5% | 10% | 5% | 10% | 3% |
| Distant Student | 35% | ✓ | ✓ | ✓ | ✓ | 10% | ✓ | 7% | ||
| Driver's Ed | 10% | ✓ | ✓ | ✓ | 10% | ✓ | 10% | 15% | 8% | 3% |
| Driving Device/App | 20% | 40% | ✓ | ✓ | 30% | 40% | 20% | 50% | 30% | 5% |
| Early Signing | 10% | ✓ | ✓ | ✓ | ✓ | 8% | ✓ | ✓ | 10% | 12% |
| Electronic Stability Control | 2% | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | |
| Emergency Deployment | ✓ | ✓ | ✓ | 25% | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Engaged Couple | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Family Legacy | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 10% |
| Family Plan | ✓ | ✓ | ✓ | ✓ | ✓ | 25% | ✓ | ✓ | ✓ | ✓ |
| Farm Vehicle | 10% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Fast 5 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Federal Employee | ✓ | ✓ | 12% | 10% | ✓ | ✓ | ✓ | ✓ | ||
| Forward Collision Warning | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | |
| Full Payment | 10% | ✓ | ✓ | $50 | ✓ | ✓ | ✓ | 8% | ✓ | |
| Further Education | ✓ | ✓ | 10% | 15% | ✓ | ✓ | ||||
| Garaging/Storing | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 90% | ||
| Good Credit | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Good Student | 20% | ✓ | 15% | 23% | 10% | ✓ | 25% | 8% | 3% | |
| Green Vehicle | 10% | ✓ | 5% | ✓ | 10% | ✓ | ✓ | ✓ | 10% | ✓ |
| Homeowner | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | 3% | 5% | ✓ | |
| Lane Departure Warning | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Life Insurance | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Low Mileage | ✓ | ✓ | ✓ | 30% | ||||||
| Loyalty | ✓ | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | |
| Married | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Membership/Group | ✓ | ✓ | ✓ | 10% | 7% | ✓ | ✓ | |||
| Military | ✓ | ✓ | 15% | 4% | ✓ | ✓ | ||||
| Military Garaging | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 15% |
| Multiple Drivers | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Multiple Policies | 10% | 29% | ✓ | 10% | 20% | 10% | 12% | 17% | 13% | |
| Multiple Vehicles | ✓ | ✓ | 25% | 10% | 20% | 10% | 20% | 8% | ||
| New Address | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| New Customer/New Plan | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| New Graduate | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| New Vehicle | 30% | ✓ | ✓ | 15% | ✓ | 40% | 10% | 12% | ||
| Newly Licensed | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Newlyweds | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Non-Smoker/Non-Drinker | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Occasional Operator | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Occupation | ✓ | 10% | 15% | ✓ | ✓ | ✓ | ||||
| On-Time Payments | 5% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 15% | ✓ | |
| Online Shopper | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 7% | ✓ | ✓ | ✓ |
| Paperless Documents | 10% | ✓ | ✓ | ✓ | 5% | $50 | ✓ | ✓ | ✓ | |
| Paperless/Auto Billing | 5% | ✓ | ✓ | ✓ | $30 | ✓ | $20 | 3% | 3% | |
| Passive Restraint | 30% | 30% | 40% | 20% | ✓ | 40% | ||||
| Recent Retirees | ✓ | ✓ | ✓ | ✓ | 4% | ✓ | ✓ | ✓ | ✓ | ✓ |
| Renter | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Roadside Assistance | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Safe Driver | 45% | ✓ | 15% | ✓ | 35% | 31% | 15% | 23% | 12% | |
| Seat Belt Use | ✓ | ✓ | ✓ | 15% | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Senior Driver | 10% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Stable Residence | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Students & Alumni | ✓ | ✓ | ✓ | 10% | 7% | ✓ | ✓ | ✓ | ||
| Switching Provider | ✓ | ✓ | 10% | ✓ | ✓ | ✓ | ✓ | |||
| Utility Vehicle | 15% | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Vehicle Recovery | 10% | ✓ | ✓ | 15% | 35% | 25% | ✓ | 5% | ||
| VIN Etching | ✓ | ✓ | ✓ | ✓ | 5% | ✓ | ✓ | |||
| Volunteer | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Young Driver | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | $75 |
Even if auto insurance rates are higher with another company, discounts may lower the rates significantly.
Rivian also offers drivers a discount for using the Driver+ function. The more a driver uses the automation feature, the higher the discount.
Frequently Asked Questions
What is Rivian Auto Insurance?
Rivian Auto Insurance refers to the insurance coverage specifically designed for vehicles manufactured by Rivian Automotive Inc., an electric vehicle (EV) manufacturer. This insurance provides protection against various risks associated with owning and operating a Rivian vehicle.
Is Rivian Auto Insurance mandatory for Rivian vehicle owners?
While Rivian Auto Insurance is not mandatory by law, it is highly recommended for all Rivian vehicle owners. Having insurance coverage ensures financial protection in the event of accidents, damages, theft, or other unforeseen circumstances.
Can I customize my Rivian Auto Insurance policy?
Yes, many insurance providers allow policyholders to customize their coverage to fit their specific needs. You can typically adjust your coverage limits, deductibles, and add optional coverage options such as roadside assistance, rental car reimbursement, or gap insurance.
How do I purchase Rivian Auto Insurance?
To purchase Rivian Auto Insurance, you can start by contacting various insurance providers and requesting quotes. Compare the coverage options, pricing, and customer reviews to make an informed decision. Many insurance companies also offer online platforms where you can obtain quotes and purchase coverage directly.
Are there any discounts available for Rivian Auto Insurance?
Insurance providers may offer various discounts for Rivian Auto Insurance. These can include discounts for safe driving records, bundling multiple policies, installing anti-theft devices, or having advanced safety features in your Rivian vehicle. It’s recommended to inquire about available discounts when obtaining insurance quotes.
How much is insurance for Rivian R1S?
The cost of insuring a Rivian R1S can vary significantly depending on the insurance company. Monthly premiums can range from $151 to $165 .
How much is Rivian insurance?
The cost of insurance for Rivian vehicles varies significantly based on the model, the trim level, the driver’s profile, and the insurance company.
Is Rivian insurance good?
Rivian is a good company for insurance, particularly due to the integration of technology to potentially lower premiums.
Is Rivian insurance worth it?
Rivian insurance is specifically designed for Rivian vehicles, which means it may offer better coverage for the unique aspects of these vehicles, such as their advanced driver assistance systems and specialized parts.
Who insures Rivians?
Rivian’s insurance products are underwritten by the well-established insurance company, Nationwide.
What are the benefits of Rivian insurance?
Here are some of the key Rivian insurance benefits:
- Tailored Coverage
- Usage-Based Discounts
- Integrated Service and Repairs
- Additional Coverage Options
- Financial Stability
What countries is Rivian in?
Rivian Automotive, Inc., primarily operates in the US and Canada, with its manufacturing based in Normal, Illinois.
What country is Rivian from?
Rivian Automotive, Inc is headquartered in Irvine, CA.
Who is the CEO of Rivian?
The CEO of Rivian is RJ Scaringe. He is also the one who invented Rivian.
Who builds Rivian vehicles?
Rivian vehicles are manufactured by Rivian Automotive, Inc.
Who owns Rivian Truck?
So, who makes or owns Rivian? Rivian Trucks is a publicly traded company, so it is owned by its shareholders.
Will Amazon buy Rivian?
Amazon is Rivian’s largest shareholder and has a 17% stake in the company.
Why is Rivian struggling?
Rivian, along with the broader automotive industry, has been affected by global supply chain disruptions, particularly shortages of semiconductors and other critical components.
Why is Rivian losing money?
So, why did Rivian lose so much money? Rivian has been losing money due to a combination of factors. The company has been building out its manufacturing capabilities, which involves significant capital outlays for equipment, facilities, and workforce training. The global supply chain disruptions, particularly shortages of semiconductors and other essential components, have affected Rivian’s production schedules and cost structures.
How much of Rivian does the CEO own?
RJ Scaringe, the CEO and founder of Rivian, owns a significant stake in the company. His exact ownership percentage can vary due to factors such as stock dilution, sales, etc.
Who are the largest owners of Rivian?
The largest shareholders of Rivian Automotive, Inc. are Amazon, Ford Motor Company, T. Rowe Price, Fidelity Investments, and Global Oryx Company.
Does Ford own Rivian?
Ford Motor Company does not own Rivian, but it is a significant investor in the company.
What will Rivian be worth in 2030?
Rivian’s revenue is projected to grow from $1.8 billion in 2022 to almost $75 billion by 2030.
Is Rivian financially stable?
Rivian is making money from its vehicle sales, but it’s still in a phase where it spends more than it earns.
Is Rivian a safe car?
Rivian vehicles come equipped with a variety of advanced safety features. This includes multiple airbags, advanced driver-assistance systems (ADAS), such as automatic emergency braking, lane keeping assist, and adaptive cruise control.
What’s Rivian’s customer service phone number?
You can contact Rivian’s auto insurance customer service by phone at 1-888-RIVIAN-1 (1-888-748-4261).
What’s Rivian’s auto insurance phone number?
You can contact Rivian auto insurance by calling Nationwide’s phone number:00 1 877-669-6877
Does Rivian offer health insurance?
Rivian offers a benefits package to its full-time employees, which includes health insurance among other benefits such as dental, vision, and possibly life insurance.
Does Jeff Bezos own shares in Rivian?
Jeff Bezos’s Amazon is one of the largest investors in Rivian.
Does Jeff Bezos still own Rivian?
Jeff Bezos does not directly own Rivian as an individual shareholder. However, his company Amazon has made significant investments in Rivian.
What does Rivian use for charging?
Rivian vehicles use the Combined Charging System (CCS) for charging, which is a standard for charging electric vehicles commonly used in the US and Europe.
Where do Rivians charge?
Rivian vehicles can charge at any public station that offers CCS compatibility
Does Rivian have WI-FI?
Yes, Rivian vehicles are equipped with onboard Wi-Fi capability,which allows the vehicle to connect to the internet, enabling a range of connected services and features.
How long does it take to charge Rivian truck?
Charging from 20% to 80% capacity can typically take around 40-50 minutes under optimal conditions.
Is Rivian a luxury car?
Rivian’s vehicles, particularly the R1T pickup and the R1S SUV, are designed with high-end materials, advanced technology, and robust performance features that align with what one might expect from a luxury vehicle.
What is the most expensive Rivian?
The most expensive Rivian model available is likely the Rivian R1S SUV.
Can Rivian use Tesla chargers?
Rivian vehicles cannot use Tesla’s proprietary Superchargers because they use a different connector.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance 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.