Posted by As someone who takes pride in being a smart shopper, you should always research the most important features and compare prices to make sure you’re getting the best deal possible whenever you are looking to purchase a new car.
But being a smart shopper for a car also means you’re going to want cheap insurance. And to do that, you’ll need to know which cars are the least expensive to insure. So, to make the process easier for you, we will provide you with the top 50 cars to insure. Are you ready?
When you are searching for the cheapest car insurance policy, you may think that you have to reduce the coverage so that you can save money. However, that’s not necessarily true.
Several affordable car insurance policies provide reliable protection. From basic liability coverage to more comprehensive policies, you just have to find an option that best fits your budget.
Oh, and just because a policy is not expensive doesn’t mean it’s the right one for you. You have to carefully ensure that your options are met before taking any decision.
So let’s hit the ground running by taking a one-time look at what car insurance is all about.
Car Insurance Fully Explained
Car insurance is a legal necessity, not an option. This safety net protects you, your vehicle, and other drivers from potential financial loss due to accidents.
This insurance is a provision that you have to make to protect yourself and your vehicle against accidents that will likely arise in the future by offering compensation for injuries or property damage you may cause in an accident.
It may also provide additional coverage for stolen vehicles and damage due to fire, storms, or other disasters.
So, you should always make sure that the right auto insurance is in place to give you the peace of mind you deserve while driving on the road.
Factors that Affect the Cost of Car Insurance
The following are the factors that affect the cost of car insurance:
- Your age
- Location
- Your driving history
- The type of car you drive
- Types of insurance coverage
- Your claim history.
Your age
One of the biggest factors that can affect car insurance costs is your age. Younger drivers typically pay more for car insurance. This is because they have less experience behind the wheel and are more likely to be involved in accidents.
The good news is that as you get older and gain more experience, your insurance rates should go down. Some insurance companies even offer discounts for drivers over the age of 55.
Location
Insurance companies use something called a “territorial rating” to determine premiums based on where you live.
These companies look out for things like the number of reported thefts in where you reside, how frequent accidents occur there, and the cost of medical care and care repair around that area.
Generally, urban areas have higher rates than rural areas because there’s more traffic and a greater risk of accidents.
Your Driving History
This record includes things like your past accidents, tickets, and claims. If you happen to be involved in more accidents, then the higher the premium you will have to pay, and vice versa.
If you have had a clean record for a few years, your rates should go down. So, can you now see that it pays to be a safe driver?
The Type of Car You Drive
Let me give you this instance: sports cars and luxury cars tend to have higher rates because they’re more expensive to repair or replace if they’re damaged in an accident.
On the other hand, minivans and SUVs usually have lower rates because they’re considered to be safer vehicles.
In general, newer cars have higher insurance rates than older cars. This is because newer cars are more expensive to repair or replace, and they have more advanced safety features that can lead to higher repair costs.
Types of Insurance Coverage
There are several types of insurance coverage that you can choose from, and the type of coverage you have will affect your car insurance costs.
The most basic type of coverage is liability insurance, which is required by law in most states. This type of coverage pays for the other driver’s medical bills and property damage if you’re at fault in an accident.
You can also choose to add collision and comprehensive coverage, which pays for your own car’s repairs or replacement if it’s damaged in an accident or by something like a fire or a tree falling on it.
Your Claim History.
If you’ve happened to have filed a lot of claims in the past, insurance companies may consider you a high-risk driver and charge you higher rates.
Even one claim can raise your rates by up to 30%. On the other hand, if you’ve never filed a claim, you may qualify for a “claim-free” discount.
So, it’s important to drive safely and be careful on the road to avoid filing claims.
Top 50 Cheapest Cars to Insure
The table below shows the average annual premium of the cheapest cars to insure:
| S/N | Cars | Average Annual Premium |
|---|---|---|
| 1 | Toyota Camry LE | $1,500 |
| 2 | Honda Civic LX | $1,200 |
| 3 | Honda Accord LX | $1,200 |
| 4 | Toyota Prius | $1,401 |
| 5 | Nissan Altima 2.5 S | $2,290 |
| 6 | Toyota Corolla L | $1453 |
| 7 | Subaru Impreza 2.0i | $1,388 |
| 8 | Hyundai Elantra SE | $1,476 |
| 9 | Mazda 3 i Sport | $1,424 |
| 10 | Ford Focus SE | $1384 |
| 11 | Volkswagen Jetta | $1,481 |
| 12 | Ford Fiesta S | $1,506 |
| 13 | Hyundai Accent SE | $1638 |
| 14 | Kia Soul Base | $1,338 |
| 15 | Chevrolet Cruze LS | $1432 |
| 16 | Nissan Pathfinder SV | $1,308 |
| 17 | Volkswagen Golf S | $1896 |
| 18 | Honda Fit LX | $1,168 |
| 19 | Toyota RAV4 LE | $1438 |
| 20 | Nissan Rogue S | $1,380 |
| 21 | Mazda CX-5 Sport | $1,406 |
| 22 | Chevrolet Equinox L | $1,853 |
| 23 | Ford Escape S | $1,438 |
| 24 | Subaru Forester 2.5i | $1,637 |
| 25 | Nissan Sentra S | $1,738 |
| 26 | Toyota Highlander LE | $1,324 |
| 27 | Volkswagen Tiguan S | $1457 |
| 28 | Nissan Pathfinder S | $1,435 |
| 29 | Subaru Crosstrek 2.0i | $1,237 |
| 30 | Kia Sorento L | $1,618 |
| 31 | Mazda CX-3 Sport | $1710 |
| 32 | Volkswagen Beetle S | $1,376 |
| 33 | Toyota 4Runner SR5 | $1478 |
| 34 | Ford Edge SE | $1633 |
| 35 | Ford Explorer XLT | $1355 |
| 36 | Nissan Murano S | $1370 |
| 37 | Volkswagen Passat S | $1,803 |
| 38 | Hyundai Tucson SE | $1427 |
| 39 | Honda CR-V LX | $2003 |
| 40 | Chevrolet Traverse L | $1,951 |
| 41 | Honda Odyssey LX | $1475 |
| 42 | Subaru Ascent Base | $1834 |
| 43 | Toyota Tacoma SR | $1,338 |
| 44 | Honda Ridgeline Sport | $1,388 |
| 45 | Subaru Legacy 2.5i | $1,352 |
| 46 | Kia Forte LX | $1390 |
| 47 | Volkswagen GTI S | $1896 |
| 48 | Volkswagen Alltrack S | $1,388 |
| 49 | Subaru Impreza 2.5i Limited | $1860 |
| 50 | Mazda CX-9 Sport | $2,080 |
How to Find the Least Expensive Car Insurance
To find and probably purchase one of the cheapest car insurance plans, you have to do the following:
- Don’t settle for the first car insurance quote
- Compare costs for different vehicle makes and models
- Leverage safety feature discounts and savings
- Drop unnecessary coverages
- Bundle your car insurance with other types of coverage
- Pay attention to your odometer.
Don’t Settle for the First Car Insurance Quote
The Insurance Information Institute encourages drivers to get at least three car insurance quotes before making a decision, as rates can vary significantly.
Compare Costs for Different Vehicle Makes and Models
Before you purchase your next vehicle, it’s paramount that you compare costs from different providers and also consider various cars and models.
For instance, if you have a new teen driver in the house, comparing car insurance rates for vehicles can help you find the cheapest car to insure for young drivers.
Leverage Safety Feature Discounts and Savings
Vehicles with anti-theft devices, enhanced driver security features, and other services that keep drivers and vehicles safe all factor into lower premiums.
Drop Unnecessary Coverages
Recently paid off your vehicle? You can drop some coverages that are not essential to you. If you drive an older car that’s paid off, consider dropping your collision and comprehensive coverage.
Bundle Your Car Insurance With Other Types of Coverage
Most insurers offer multi-policy or bundling discounts, such as a home and auto insurance bundle. So ensure you seize that opportunity if you can.
Pay Attention To Your Odometer
If you don’t drive as often, you may be able to qualify for a low mileage discount. Some drivers may even consider a pay-per-mile option such as the SmartMiles program that’s offered by Nationwide.
Cars to Avoid if You Want Cheap Car Insurance
Sports Cars
Sports cars have some of the highest auto insurance rates. The reason for this is not just because they are built for speed, but because lightweight vehicles like sports cars are at a disadvantage if they happen to get involved in an accident with heavier vehicles.
They stand a higher chance of being fatally destroyed, and this makes their insurance premium rate go up.
High-end Luxury Cars
These cars are typically expensive to insure because repairing them can be pricey, and it costs more to replace them if they’re totaled.
Electric vehicles
These vehicles can be more expensive to insure due to their higher price tags and repair costs; replacing an EV battery alone can cost thousands of dollars.
FAQs on the Top 50 Cheapest Cars to Insure
Does a car's color affect insurance rates?
Yes, the color of your car can actually affect your insurance rates. Insurers often consider the color of a car when setting premiums, as certain colors are associated with higher rates of theft or accidents. For example, red cars are often considered more expensive to insure, as they're associated with a higher rate of accidents
How does a car's safety rating affect insurance rates?
A car's safety rating can have a significant impact on insurance rates. Cars that have high safety ratings, such as those with top ratings from the Insurance Institute for Highway Safety (IIHS), are often cheaper to insure. This is because these cars are less likely to be involved in an accident, and if they are, the injuries are likely to be less severe. In addition, many insurers offer discounts for vehicles with high safety ratings. So, when you're shopping for a new car, it's important to consider the safety rating and how it will affect your insurance rates.
How does my driving record affect my insurance rates?
Your driving record is one of the biggest factors that insurance companies consider when setting your rates. If you have a clean driving record with no accidents or traffic violations, you're likely to pay lower premiums. On the other hand, if you have a history of accidents or violations, your premiums will be higher.
How can I improve my credit score to save on insurance?
Your credit score is another important factor that insurance companies consider when setting your rates. A good credit score can help you get lower rates, while a poor credit score can result in higher premiums. So, if you want to save money on insurance, it's important to work on improving your credit score.
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Conclusion
The 50 cheapest cars to insure are those with high safety ratings, low theft rates, and low maintenance costs.
While safety and reliability are important factors to consider when choosing a car, insurance costs should also be a part of your decision.
In addition to choosing a car that is likely to be cheap to insure, you can also take steps to lower your premiums by maintaining a good driving record and improving your credit score. Good luck.