Save Money on Car Insurance: What are the cheapest cars to insure?

One thing we’d all like is to save more money. But it can be tough when things, like our car insurance policies, are so expensive. If you are in the market for a new car, you should do your research before buying to find out if you can keep up with the maintenance of your car and keep up with the car insurance premiums. 

If you want to cut back on insurance costs, finding a car with cheap insurance rates is the way to go. While insurance rates depend on a lot of different factors, Clearsurance found the cheapest cars to insure. These include: 

  • Subaru Outback
  • Honda CR-V
  • Jeep Wrangler
  • Subaru Forester
  • Ford Escape
  • Ford F-150
  • Toyota RAV4
  • Chevrolet Equinox

When searching for a car that will save you money, avoid restricting yourself to a particular model. Some vehicle types are cheaper to insure than others. These include: 

  • Minivan
  • Crossover
  • SUV
  • Pickup
  • Sedan

Clearsurance found that the cheapest cars to insure tend to be minivans and crossovers. These models are the cheapest because they are on the safer side. People who drive these cars typically do not use them to speed. That lessens the risk of accidents and, ultimately, insurance claims. In addition, SUVs, pickup trucks, and sedans are considered lower risk too. 

When it comes to saving money on insurance, there are cars you should avoid completely. These include:

  1. Luxury Cars
  2. Sports Cars
  3. Electric and Hybrid Cars
  4. Newest Models
  5. Cars at High Risk for Theft

Why are some cars more expensive to insure than others?

While luxury and sports cars are nice investments, these expensive cars come with high insurance rates. And although the newest move for everyone today is to invest in more environmentally friendly cars like electric and hybrid cars, these often come with high repair costs. 

When a car is expensive to maintain and repair, you will most likely have to pay more in insurance costs too. Not only will you be paying higher rates but the cost to repair simple things will cost you more. 

A simple battery replacement on a hybrid car will cost more than a regular car battery, which is something you may want to consider before investing in one. Some people may be keener to buy a new model for aesthetic and safety purposes, but you’ll have to wait for the car to depreciate a little to save on insurance costs. 

One of the biggest insurance risks is cars that are at risk for theft. You may want to avoid these types of cars as insurance companies see them as high risk. The higher the risk of the car, the higher the insurance premiums will be. 

What affects my car insurance cost?

While there are cars that can help you save on insurance costs, you should always be aware and consider the factors that affect your rates. One simple thing that affects your car insurance rates is how much car insurance coverage you purchase. Make sure you determine how much car insurance is enough for you and consult with an agent if you have questions. 

Other factors include: 

  1. Demographic – Your age and gender
  2. Your Location
  3. Driving Record
  4. Driving Habits

Younger drivers tend to pay more on insurance costs as they are seen as risky drivers. As you get older, your insurance rates should decrease. Men tend to have to pay more in insurance costs than women as women are typically seen as safer drivers and men tend to take more risks on the roads. 

Where you live could also affect your rates, as more populated areas tend to have more accidents and traffic. 

Factors that you can control include your driving record and driving habits. If you have a bad driving record, this will likely affect your insurance rates. If you do not drive much due to work or personal habits, you may see a significant decrease in rates as you are not on the roads as much. It is important to keep these factors in mind when looking at insurance quotes and rates. 

You can read our full article here: What are the cheapest cars to insure?