I'm the administrator of a test and measurement training lab, chemical analysis instruments, and I test and measure everything. It's a disease...
Controlled environment, my garage, 86 degrees all day.
My fridge's surface temperatures ranged from 74 to 72 degrees (not near the compressor vent where temps were higher than ambient).
They don't make an off-the-shelf cover for my fridge so I cut 1" closed-cell foam mat to fit the exterior of the fridge, around the vents, etc.
Surface temps of the foam later in the day were 1 or 2 degrees lower than ambient. Those 10 to 12 degrees were being held inside now (sorta...).
I didn't want to sit there all day and count the duty cycles of the compressor. But I did compare how much it depleted my house batteries before/after during an evening of running.
.5 volts before and .2 volts after ------ not a very valid test though since it was a warmer evening for the before measurement.
I think we're overlooking how much these wraps cost. Over $100 for the ARB and I bet it cost them $6 to make it.
I'm a fan of insulation if you can fit it.