Cars With the Cheapest Insurance Rates
The 2020 models of the Honda CR-V, Subaru Outback and Honda Fit top our list of the cheapest new cars to insure. The Honda CR-V and Subaru Outback were both named acme condom picks by the International Institute of Highway Safety. The Honda Fit rated slightly lower than the early two vehicles, but all three have excellent condom ratings.
When it comes to affordability, Kelley Blue Book named the Honda Fit one of the most low-cost overall vehicles of 2020 and the Honda CR-V one of the most low-cost SUVs. While the Subaru Outback international relations and security network ’ t arsenic low-cost as the other two vehicles, it is however a fomite you should consider when thinking about low-cost indemnity. The chart below includes the lowest policy rate for each vehicle. USAA may have cheaper rates than those listed for some vehicle models, but their rates were not included because USAA policy is not available to most drivers.
Cheapest Insurers for Your Model
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- 2020 model average annual premium Cheapest provider
- 1. Honda CR-V $ 1,172 GEICO
- 2. Subaru Outback $ 1,207 GEICO
- 3. Honda Fit $ 1,210 GEICO
- 4. Ford Escape $ 1,220 GEICO
- 5. Jeep Wrangler $ 1,225 GEICO
- 6. Toyota RAV4 $ 1,266 GEICO
- 7. Toyota Tacoma $ 1,266 GEICO
- 8. Chevy Equinox $ 1,267 GEICO
- 9. Ford F-150 $ 1,269 progressive
- 10. Jeep Cherokee $ 1,282 GEICO
- 11. Subaru Impreza $ 1,283 GEICO
- 12. Chevy Silverado $ 1,323 GEICO
- 13. Ford Explorer $ 1,336 GEICO
- 14. Jeep Grand Cherokee $ 1,337 GEICO
- 15. Acura MDX $ 1,345 liberal
- 16. Chevrolet Cruze $ 1,355 GEICO
- 17. Jeep Gladiator $ 1,355 progressive
- 18. Honda Accord $ 1,356 GEICO
- 19. Mazda3 $ 1,356 GEICO
- 20. Toyota Corolla $ 1,376 GEICO
- 21. Hyundai Elantra $ 1,388 GEICO
- 22. VW Jetta $ 1,392 GEICO
- 23. Chevy Malibu $ 1,397 GEICO
- 24. Ford Focus $ 1,400 GEICO
- 25. Chevy Tahoe $ 1,402 GEICO
- 26. Nissan LEAF $ 1,406 GEICO
- 27. Ford Taurus $ 1,410 nationally
- 28. VW Beetle $ 1,411 progressive
- 29. Nissan Sentra $ 1,412 GEICO
- 30. Honda Civic $ 1,414 GEICO
- 31. Toyota Camry $ 1,414 GEICO
- 32. Nissan Altima $ 1,469 GEICO
- 33. Ram Rebel $ 1,472 GEICO
- 34. Chevy Bolt $ 1,534 GEICO
- 35. Subaru WRX $ 1,573 GEICO
- 36. Chevrolet Camaro $ 1,595 GEICO
- 37. Subaru BRZ $ 1,595 GEICO
- 38. Audi Q5 $ 1,597 progressive
- 39. Dodge Charger $ 1,605 GEICO
- 40. aries 2500 $ 1,609 GEICO
- 41. BMW 3 series $ 1,666 liberal
- 42. Dodge Challenger $ 1,697 GEICO
- 43. Nissan Maxima $ 1,733 GEICO
- 44. Nissan 370Z $ 1,748 nationally
- 45. Chevrolet Corvette $ 1,757 nationally
- 46. Tesla Model 3 $ 1,767 nationally
- 47. Audi A4 $ 1,773 GEICO
- 48. Ford Mustang $ 1,797 GEICO
- 49. Mercedes C-Class $ 1,889 progressive
- 50. Tesla Model S $ 2,665 nationally
- 51. Tesla Model Y $ 2,878 progressive
- 52. Tesla Model X $ 2,878 liberal
- 53. BMW i8 $ 2,909 liberal
- 54. Audi R8 $ 2,963 progressive
- 55. Nissan GT-R $ 3,096 countrywide
indemnity prices are determined based on multiple factors, not fair the make and model of the car you drive. It is important to get a quotation based on your specific situation to find the cheapest car indemnity companies for you . WHY TRUST MONEYGEEK ? MoneyGeek partnered with Quadrant data to collect up-to-date indemnity quotes across all 50 states for the 57 models listed in our study. Our data team analyzed the cost to insure new and use models to provide our users with more detailed information so they can make a more inform shop decision.
Cheapest Used Cars to Insure
It is coarse cognition that newly cars begin to lose value arsenic soon as you drive them off the lot, sol many drivers choose to purchase use cars alternatively. MoneyGeek reviewed the cheapest use cars to insure for 2016 model vehicles, and when it comes to use cars, you will get the biggest savings with the Honda CR-V, Subaru Outback, Honda Fit, Ford Escape and Jeep Wrangler. about every use fomite is cheaper to insure than a new model, but much the deviation in bounty is small, sometimes saving you ampere short as $ 50 or $ 60 per year. This is partially because the indebtedness part of your indemnity costs doesn ’ triiodothyronine change as your vehicle ages.
Average Cost to Insure a Used Car
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- model Model year premium cost Change vs. 2020 model
- 1. Honda CR-V 2016 $ 1,116 – $ 56
- 2. Subaru Outback 2016 $ 1,127 – $ 80
- 3. Honda Fit 2016 $ 1,148 – $ 61
- 4. Ford Escape 2016 $ 1,153 – $ 67
- 5. Jeep Wrangler 2016 $ 1,157 – $ 69
- 6. Jeep Patriot 2016 $ 1,159 No 2020 Data
- 7. Chevy Equinox 2016 $ 1,172 – $ 95
- 8. Jeep Cherokee 2016 $ 1,190 – $ 92
- 9. Toyota Tacoma 2016 $ 1,208 – $ 58
- 10. Toyota RAV4 2016 $ 1,214 – $ 51
- 11. Ford F-150 2016 $ 1,227 – $ 42
- 12. Jeep Grand Cherokee 2016 $ 1,232 – $ 106
- 13. Chevrolet Cruze 2016 $ 1,244 – $ 111
- 14. Ford Explorer 2016 $ 1,248 – $ 88
- 15. Honda Accord 2016 $ 1,261 – $ 94
- 16. Chevy Silverado 2016 $ 1,267 – $ 57
- 17. Subaru Impreza 2016 $ 1,269 – $ 13
- 18. Chevy Malibu 2016 $ 1,287 – $ 109
Read more: The 7 Best Car Insurance Companies (2022)
- 19. Hyundai Elantra 2016 $ 1,292 – $ 96
- 20. Ford Focus 2016 $ 1,301 – $ 99
- 21. Mazda3 2016 $ 1,302 – $ 54
- 22. Ford Taurus 2016 $ 1,302 – $ 108
- 23. Nissan Sentra 2016 $ 1,304 – $ 109
- 24. VW Beetle 2016 $ 1,304 – $ 107
- 25. Toyota Camry 2016 $ 1,306 – $ 107
- 26. Toyota Corolla 2016 $ 1,312 – $ 64
- 27. VW Jetta 2016 $ 1,314 – $ 78
- 28. Honda Civic 2016 $ 1,329 – $ 85
- 29. Nissan Altima 2016 $ 1,347 – $ 123
- 30. Acura MDX 2016 $ 1,352 $ 6
- 31. Nissan LEAF 2016 $ 1,357 – $ 48
- 32. Chevy Tahoe 2016 $ 1,358 – $ 44
- 33. Ram Rebel 2016 $ 1,421 – $ 51
- 34. Audi Q5 2016 $ 1,450 – $ 147
- 35. Dodge Charger 2016 $ 1,459 – $ 146
- 36. aries 2500 2016 $ 1,470 – $ 139
- 37. Subaru BRZ 2016 $ 1,474 – $ 121
- 38. BMW 3 series 2016 $ 1,475 – $ 191
- 39. Chevrolet Camaro 2018 $ 1,481 – $ 113
- 40. Subaru WRX 2016 $ 1,487 – $ 86
- 41. Nissan Maxima 2016 $ 1,510 – $ 223
- 42. Dodge Challenger 2016 $ 1,513 – $ 185
- 43. Chevy Bolt 2017 $ 1,517 – $ 17
- 44. Mercedes C-Class 2016 $ 1,558 – $ 331
- 45. Audi A4 2016 $ 1,565 – $ 208
- 46. Tesla Model S 2016 $ 1,584 – $ 1,081
- 47. Ford Mustang 2016 $ 1,600 – $ 197
- 48. Tesla Model 3 2017 $ 1,618 – $ 149
- 49. Nissan 370Z 2016 $ 1,654 – $ 94
- 50. Chevrolet Corvette 2016 $ 1,693 – $ 64
- 51. Tesla Model X 2016 $ 2,155 – $ 724
- 52. Nissan GT-R 2016 $ 2,656 – $ 440
- 53. BMW i8 2016 $ 2,903 – $ 6
- 54. Audi R8 2017 $ 3,072 $ 109
If Your Car Is Over 10 Years Old, You May Want Liability-Only
Full coverage indemnity, which means carrying comprehensive and collision coverage in addition to liability indemnity, is typically required by lenders for people purchasing new vehicles. Drivers with used cars, particularly those that are more than 10 years old, may want to consider keeping their policy costs low by carrying liability-only policy. Comprehensive and collision coverage is designed to pay for damages to your vehicle, but as the value of your vehicle drops over the years, the payment for those services will get lower and lower. For example, person driving a 2010 Toyota Corolla may find that their vehicle is worth less than $ 2,000, meaning even a child accident could cause enough damage for your car to be considered totaled. If the rate of your vehicle is low adequate, you might not want to pay higher rates for comprehensive examination and collision coverage each class. Finding the cheapest liability-only coverage can be a adept option for drivers with older vehicles. however, it is crucial to realize that you will be creditworthy for the cost of repairing or replacing your vehicle in the consequence of an at-fault accident, indeed plan ahead and make sure you can afford those costs out of scoop. For example, our sample driver who carries liability levels of 100/300/100 and full comprehensive examination and collision coverage would pay $ 1,379 for their indemnity each class. If that like driver carried indebtedness levels of 500/100/50 and had an aged vehicle that did not require entire coverage, they would only pay $ 864 each class, saving them $ 515 on their annual policy premium .
Average Annual Cost by Coverage Level
100/300/100 Comprehensive and Collision : $ 1,379 50/100/50 Liability alone :
$ 864 Loading …
Cheapest SUVs to Insure
typically, a lower purchase price for an SUV equates to a lower insurance premium, which is contribution of the reason why the Honda CR-V, Ford Escape and Toyota RAV-4 top our list of the cheapest sport utility to insure. The monetary value of repairing or replacing a cheaper fomite is lower than its costly counterparts, which means you will credibly pay less to insure a less expensive SUV.
Average Annual Premium for SUV Models
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- 2020 SUV Model annual agio
- 1. Honda CR-V $ 1,172
- 2. Ford Escape $ 1,220
- 3. Toyota RAV4 $ 1,266
- 4. Chevy Equinox $ 1,267
- 5. Jeep Wrangler $ 1,225
- 6. Jeep Cherokee $ 1,282
- 7. Ford Explorer $ 1,336
- 8. Jeep Grand Cherokee $ 1,337
- 9. Chevy Tahoe $ 1,402
- 10. Acura MDX $ 1,345
- 11. Audi Q5 $ 1,597
Cheapest Sports Cars to Insure
Sports cars are designed for speed, which can mean higher liability rates. Sports cars are besides more expensive to repair or replace in an accident, which can mean higher comprehensive and collision rates. even though these factors translate to higher indemnity rates for your sports car, we have put together a number of the cheapest sports cars to insure, including the Subaru WRX, Chevrolet Camaro and Subaru BRZ.
Average Annual Premium for Sports Car Models
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- 2020 exemplar annual premium
- 1. Subaru WRX $ 1,573
- 2. Chevrolet Camaro $ 1,595
- 3. Subaru BRZ $ 1,595
- 4. Dodge Charger $ 1,605
- 5. Dodge Challenger $ 1,697
- 6. Nissan 370Z $ 1,748
- 7. Chevrolet Corvette $ 1,757
- 8. Ford Mustang $ 1,797
- 9. BMW i8 $ 2,909
- 10. Audi R8 $ 2,963
- 11. Nissan GT-R $ 3,096
How Your Car Choice Impacts Insurance Costs
Your historic period, what country you live in, the number of accidents in your neighborhood, and many other factors beyond your restraint help determine your policy rates. But one gene that you control wholly is the type of cable car you choose to drive. Choosing to drive a sports car or a lavishness vehicle will by and large increase your indemnity rates, much by several hundred dollars each year. Drivers looking to keep their insurance costs gloomy should consider a less brassy vehicle to avoid paying extra on their car policy each month. A Lexus or a corvette might be fun to drive, but a Subaru Outback or a Honda Fit could be equitable arsenic probably to meet your needs and save you a significant total of money on your indemnity premiums. Choosing a secondhand model can help you reduce your premiums even further, possibly eliminating the need for comprehensive and collision coverage raw if you choose a vehicle that you can afford to replace out of pocket. This means that drivers who want a brand-new car might be better off purchasing one of the cars from our list of most low-cost vehicles to insure. And drivers who want a brassy sports car or luxury vehicle might be able to bring their indemnity to an low-cost flat by purchasing a used model.
Average Annual Premiums by Car Type
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- model Bucket 2020 premium
- 1. compact SUV $ 1,231
- 2. sport utility $ 1,317
- 3. compact $ 1,367
- 4. Pickup Truck $ 1,382
- 5. sedan $ 1,409
- 6. Electric $ 1,470
- 7. luxury SUV $ 1,471
- 8. Sports car $ 1,671
- 9. Luxury Sedan $ 1,774
- 10. Luxury Electric $ 2,807
- 11. Luxury Sports cable car $ 2,989
The cause and model of your vehicle can impact your policy premium for a variety show of reasons, some of which might be surprising .
- Stolen Cars: The likelihood that your insurance company will have to replace a stolen vehicle is one of the things that impacts the rate of your comprehensive coverage. The most stolen vehicles of 2019 were the Ford Pickup, Honda Civic and Chevrolet Pickup, which means those cars will have higher insurance rates to compensate for the increased possibility of theft.
- Electric Cars: Cars with newer technology that require specialized repairs will see an increase in insurance premiums because of it, which means choosing an electric vehicle can boost your insurance costs. However, some insurance companies offer discounts for drivers with electric vehicles, so do your research when choosing which car to purchase.
- Sports Cars: Cars that cost more to repair will cost more to insure, which means people purchasing sports cars should prepare for a higher insurance premium.
- Luxury Cars: Much like sports cars, the increased cost of repairing or replacing a luxury vehicle causes higher car insurance premiums.
What Factors Impact Cost More Than Car Model
Although car choice impacts the cost of your insurance, many other factors besides play a separate in determining your indemnity rates. Everything from your ZIP code to your sex can potentially be used to help determine your policy rates. Some, though not all, of these factors are things you can control, which means it is potential to use them to help reduce your car policy costs over time .
- Age: Your age plays a huge part in determining your insurance rates, which is why insurance costs are so high for teens and young drivers. The lack of experience behind the wheel coupled with a higher likelihood of reckless, impulsive behavior means insurance companies are more likely to pay out claims for younger motorists. Seniors and older drivers, on the other hand, typically find their rates go down over time.
- Gender: Depending on which state you live in, your gender can be used to help determine your insurance premiums. This is more pronounced with younger drivers, but drivers of any age can see premium differences based on gender. There are multiple states, including California, Montana, Michigan, Hawaii, Massachusetts, Pennsylvania and North Carolina, that no longer allow auto insurance companies to consider your gender when determining your insurance rate.
- Driving Record: The biggest factor in determining your insurance rate is your driving record. Brand-new drivers have no record at all, so they typically see the highest rates. Drivers with multiple accidents, tickets, DUIs and other offenses are also likely to receive some of the highest rates available. Avoiding tickets, accidents and other issues can go a long way towards keeping your insurance premiums low.
- Location: Each state has its own rules and regulations when it comes to insurance, which means rates can vary wildly from state to state. Even within a single state, moving from one ZIP code to another can change your premiums significantly due to rates of accidents, vehicle thefts and other potential claims issues in each area.
- Coverage Level: Your coverage level is one of the biggest factors in determining your insurance rates. Drivers with older cars may choose to carry liability-only insurance. But people with newer cars or those who cannot afford to replace their vehicle on their own will want to carry full coverage, which includes comprehensive and collision in addition to liability. Financial companies typically require drivers to carry full coverage when taking out a loan for a vehicle.
- Deductible: Your car insurance deductible is the portion you agree to pay out of pocket in the event of a claim. A higher deductible can help keep your insurance premiums low because it reduces the amount your insurance company will pay in the event of an accident.
- Credit Score: Your credit score can directly impact your insurance premiums in many states. The concept is that people with lower credit scores are more likely to file a claim, while people with higher credit scores are less likely to need to file a claim and more likely to pay the costs out of pocket to avoid an increase in their premiums when they do have an accident. You can get good car insurance, even with bad credit, but it is important to get multiple quotes. That way, you can make sure you’re getting the best possible rate.
Frequently Asked Questions About Cars With the Lowest Rates
Based on our research, the cheapest cars to insure are the Honda CR-V, Subaru Outback and Honda Fit .
While some vehicle makes and models are cheaper to insure than others, dozens of factors go into determining your insurance rate. So you may find that the type of cable car you drive doesn ’ thymine have as significant an impact on your person indemnity rate as other factors.
MoneyGeek partnered with Quadrant Data Services to gather car indemnity quotes from the top seven car indemnity providers for 57 car models and eight exemplary years to determine which cars are cheapest to insure. Our analysis assumed drivers choose a full-coverage 100/300/100 as this is our recommendation for most drivers with a newfangled cable car. See our detail methodology page for more data. About the generator Rachael Brennan is a professional finance writer and licensed indemnity agent. She has worked in the policy diligence for more than a ten, earning her P & C license in all 50 states and her animation, health and AD & D license in New York and the surrounding states. Rachael has worked for long-familiar companies such as twenty-first Century Insurance and BlueCross BlueShield and was the unitarian Universalist Association ( UUA ) policy plans coordinator for three years. She specializes in place, casualty, health, life, accidental death and disability insurance. Rachael earned her bachelor of skill degree in communications from Texas A & M University-Commerce. Rachael combines her writing background with her indemnity and personal finance experience to plowshare hardheaded cognition and serve people make inform fiscal decisions.