The type of car you choose directly affects your car insurance premiums. If you plan on purchasing a new car for yourself, make sure you opt for one that is affordable, stylish, and cheaper to insure. In this blog, we will explore the cheapest car to insure in 2023 in the US market.
While smaller pickups and SUVs can be the least expensive to insure, larger sedans and SUVs have costly coverage across the industry. Car insurance costs are higher for certain vehicles due to more repair costs and lack of safety features that become costlier to cover.
Factors that Affect Car Insurance Rates
The cost of your auto insurance policy will depend on a wide array of factors, such as the make and model of the vehicle, your age, your driving record, and the state you live in. Considering these factors, we can evaluate the cheaper cars to insure. Let’s understand these factors:
Make and Model of the Car
The make and model of the car play a crucial role in deciding the price of your car insurance coverage. Some cars can be more expensive to insure than others based on their safety ratings, repair costs, theft rates, popularity, and resell value.
Age of the Car
Your car’s age significantly affects the cost of car insurance. Older models are typically cheaper to insure than newer cars. They have lower values and are less expensive to repair.
Driving Record
Your driving record also affects your car insurance rates. Drivers with a clean driving record are generally offered lower rates than drivers with a history of accidents or traffic violations.
Age of the Driver
Younger drivers are typically offered higher rates than older, more experienced drivers. Generally, drivers above the age of 25 and below 70 get cheaper car insurance because their chances of crashing a car are lower.
Location
The state you live in also affects your car insurance rates. Each state has different insurance requirements and laws, which affect the cost of car insurance.
Which is the Cheapest Car to Insure?
Based on these factors and references from the top-ranked car listing websites, we have compiled a comprehensive list of cars that are cheaper to insure in the US. The list includes the Honda Civic, Subaru Outback, Mazda CX-3, Honda CR-V, Subaru Forester, Jeep Cherokee, Subaru Crosstrek, Honda HR-V, Kia Forte, and Hyundai Santa Fe. These cars have been ranked based on their insurance rates, safety ratings, and other factors.
| Vehicle | Average annual full coverage premium | Starting MSRP | % of MSRP spent on insurance |
| Subaru Outback | $1,603 | $26,795 | 5.98% |
| Honda CR-V | $1,635 | $25,350 | 6.45% |
| Honda Pilot | $1,726 | $32,550 | 5.30% |
| Ford Escape | $1,734 | $25,555 | 6.79% |
| Honda Odyssey | $1,735 | $31,790 | 5.46% |
| Ford F-150 | $1,753 | $29,290 | 5.98% |
| Jeep Wrangler | $1,820 | $28,870 | 6.30% |
| GMC Sierra 1500 | $1,867 | $30,100 | 6.20% |
| Toyota RAV4 | $1,869 | $26,350 | 7.09% |
| Nissan Rogue | $1,880 | $26,050 | 7.22% |
Here is a list of some of the cheapest cars to insure in the USA:
Honda Civic
Honda Civic is a popular car known for its reliability and safety features. It has a low theft rate, which makes it cheaper to insure. The Honda Civic also has a good safety rating, further lowering its insurance rates.
Subaru Outback
Subaru Outback is a versatile car that is great for families. With a good safety rating, this car is less likely to be stolen, which makes it cheaper to insure. Additionally, the Outback has standard features such as lane departure warning, adaptive cruise control, and forward collision warning, ensuring it is a safer choice and lowering its insurance rates.
Mazda CX-3
Mazda CX-3 is a subcompact SUV with good fuel economy and sporty handling. It has impressive safety ratings and is less expensive to repair, which makes it cheaper to insure.
Honda CR-V
Honda CR-V is a popular SUV with spacious interiors and good fuel economy. It has a good safety rating and a low theft rate. Its parts are also readily available at lower rates, making it one of the cheapest cars to insure.
Subaru Forester
Subaru Forester is a versatile SUV known for its safety features and all-wheel drive. With a potentially good safety rating, Forester is less expensive to repair and among the cheapest cars to insure.
Jeep Cherokee
Jeep Cherokee SUV offers good off-road capabilities and a spacious interior. Considering the low theft rate and favorable safety ratings, this is the cheapest car to insure.
Subaru Crosstrek
Subaru Crosstrek is a subcompact SUV with good fuel economy and all-wheel drive. It has a good safety rating and is affordable to repair.
Honda HR-V
Honda HR-V is a subcompact SUV known for its practicality and fuel efficiency. It has a high market value and is less expensive to repair, which makes it cheaper to insure.
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Kia Forte
Kia Forte is a compact hatchback that offers good value for money and is less expensive to repair, which makes it cheaper to insure.
Hyundai Santa Fe
This midsize SUV offers good safety features and spacious interiors. It has a good safety rating and a low theft rate, which makes it the cheapest car to insure in the USA.
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How to get a lower car insurance rate
- Reduce coverage: After you have fully repaid your car loan or if it’s old and not worth much, consider eliminating comprehensive and collision coverage.
- Pay in full: You may be able to get a discount by paying for your policy in full instead of making monthly payments.
- Take safety courses: Enroll in an accredited defensive driving or driver education course for possible premium reductions.
- Build good credit: Most companies will give better rates to people with high credit scores so take care of yours.
- Bundle policies together: Consider buying homeowners or renters insurance through the same provider that covers your auto for extra savings.
- Don’t double up on benefits: If you’re already covered by AAA or another membership service, think about removing roadside assistance from your plan.
- Shop around annually: Get quotes from multiple providers at least once every 12 months to find the cheapest company.
- Pick a safe vehicle: Vehicles with lower cost repairs, lots of safety features or a low likelihood of being stolen will have cheaper premiums than cars without them.
- Keep a clean driving record: It’s pretty simple – accidents and traffic violations add up and make premiums rise!
- Raise deductibles if necessary: People should opt for higher deductibles when they need to lower their premium but must realize this means paying more out-of-pocket whenever filing claims.
Conclusion
This is just a generalized list of the cheapest cars to insure in the USA, considering the vehicle’s primary factors and safety features. It is advised to consult and check with multiple insurers and consider other personal factors before opting for a car insurance policy. Insurance companies finalize their premiums based on the possibility that a driver will file a claim and the expected cost of a claim should it be involved in an accident. This is why sports cars are among the most expensive vehicles to insure. Considering their high-performance features, they are highly prone to accidents.
