Our Definitive List of the 10 Cheapest Cars to Insure – HartleyAgency.com
Purchasing a new car can be an exhilarating experience. The variety of cars available in the marketplace these days is impressive, and you are sure to find something that fits your needs! But with this excitement comes worry about costs, especially when it comes to insurance. With this huge investment to transport you and your family, you probably want to find the cheapest car to insure—or at least, the most affordable.
To help you out, we created a list of the top 10 cars that will be the most affordable to insure. We also added additional tips to help keep your expenses manageable. As always, feel free to reach out to us once you’re finished reading as well if you’d like a car insurance quote from us!
How Companies Determine Cost
Before we get into the list, here’s a brief overview of how insurance costs are calculated. Sometimes, it may seem like the prices are pulled out of thin air, but there is (usually) a method to the madness.
One of the biggest factors that insurance companies consider is repair costs. The more expensive a car is to repair, the more it will cost to insure, as the company will need to recover their losses. Part of this equation is the cost of the parts themselves. The cheapest cars to insure will be compatible with aftermarket parts.
The value and performance of the car can also contribute to the cost. Sleek sports cars will likely be more expensive to insure than small sedans better suited to neighborhoods than to the Indy 500. Flashy vehicles are also more susceptible to theft, and therefore more expensive to cover.
A surefire way to lower costs: purchase a car with safety features. Often, insurance companies will give you a discount for the added security, as the safety features help to reduce the possibility of a claim. How often the particular car has had claims is another factor to consider. If a Chevrolet Cruz has less claims history than a Toyota Corolla, then the Chevy will be cheaper to insure.
Another, more obvious, factor that determines the cost of your insurance is your own personal characteristics. These attributes include age, driving history, and insurance credit score. To keep costs down, always drive safely to avoid accidents and violations. Some other factors also include how much the car will be driven or where the vehicle is kept at night.
Top 10 Cars That Are Cheapest to Insure
You may find different lists floating around the internet, but here is our well-researched list of the most affordable cars to insure as of today.
1. Honda CR-V
This crossover makes the top of our list as the cheapest to insure–and still has enough room for a growing family. The CR-V has been ranked #1 in the crossover category. What really makes this car stand out is the smooth ride, excellent crash test scores, and amazing cargo space.
2. Subaru Outback
Subaru’s are known for their long life. With a national average cost of less than $30,000, the vehicle alone among the most affordable. Where you can go with this vehicle is limitless with its all-wheel-drive. This car also features the infamous Subaru Boxer engine, only used elsewhere by Porsche, to decrease vibrations for maximum power and stability. Spacious and comfortable, the Outback is sure to please.
3. Jeep Cherokee
If you are looking for a bit of a larger vehicle, the Cherokee is the way to go. Known as the most luxurious SUV, go off-road but still feel like a VIP. The technology is not to be outdone, with touchscreen, voice command, and heated mirrors to help avoid icing.
4. Chevrolet Equinox
Possibly the roomiest on this list is the Equinox. Great for summer road trips and winter snow storms. A great car for keeping the kids entertained, this compact SUV gets a 5-star safety rating and voted as most dependable in 2018.
5. Ford Fiesta
A sportier looking car without the costs of a real sports car. If you are looking for fantastic gas mileage, this one is it with up to 37 miles per gallon on the highway. An excellent commuter car, the Fiesta does not lack personality. Both hatchback and sedan models come with hill start assist and high-strength boron steel: a major safety feature when it comes to crashes.
6. Ford Escape
Still decent gas mileage but a roomier choice with this crossover. The newer models help you parallel park with Active Park Assist. With 68 cubic feet of space behind the front seats, long car trips will be less stressful with passengers who have long legs, or kids who like to kick the seat.
7. Jeep Wrangler
If you have any plans for off-roading this is the vehicle for you. Surprised to see it on the list? Whether you get the 2-door or 4-door model the Wrangler is made for tough roads. Now coming with a backup camera and the ability to wash the interior.
8. Toyota Rav4
Crossovers seem to be the theme for cheapest cars to insure and this one has excellent gas mileage and superior passenger leg room. This compact SUV can look fancy, but still get down and dirty with its 18-inch wheels and rocker panel guards. Roof rails make transporting bulky items easy.
9. Honda Accord
A lovely family sized sedan is always an excellent choice for any driver. The Accord can be fancy or sporty depending on the model you choose. Loaded with safety features like forward collision warning and mitigation, it can make for a great first car for your teen.
10. Toyota Camry
Roomy and still under $30,000, this is our last car on the list. The mid-sized Camry boasts a 41 miles per gallon highway gas efficiency and a sleek interior cabin featuring the latest technology. Pedestrian detection, for example, is one of the most unique, underrated safety features that helps this car earn all 5 stars.
You might have noticed that all of the cars we mentioned on our list have a ton of safety features. If you are looking for a newer model, this is a big reason why they make the list. Always be sure to check the history of the vehicle if you buy used as this can also impact costs. When shopping for insurance, explore what discounts are available from each company and take advantage of them. And of course, keep our list of Top 10 Cheapest Cars to Insure easily accessible when you are shopping for your latest asset.