What Are the Cheapest Cars to Insure?

Most people never think about how much auto insurance costs when they are shopping around for a new vehicle. The reality is, annual insurance rates can vary by $1,000 or more between cars. For those on a tight budget, insurance rates should be considered first, before a vehicle is purchased. This way, you can find out if it makes financial sense for your budget, or not.

There are multiple studies conducted every year that search for the cheapest vehicles to insure. If you need a reliable car that is easy to maintain, with low-cost coverage, these reports can be very useful. Let’s face it; the cost of new automobiles is going up each year. Even a quality used vehicle can easily cost over $20,000. Then you have gas mileage and maintenance that can vary a lot between cars.

All of these things should be taken into consideration before you ever decide on one particular model. After the cost of rent or a mortgage, owning a vehicle can be one of the most expensive monthly costs. Here are a few cheap cars to insure along with some tips on lowering your automobile insurance costs.

What is the Average Auto Insurance Cost?

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According to AccessInsuranceCompany.net, the average cost of car insurance in the United States is $1,521 per year or about $770 for a six-month policy. A six-month auto insurance policy is usually a bit more expensive because short-term customers tend to switch insurers more often and take their business elsewhere. Insurers give a small discount for twelve-month policies.

The good news is the cheapest car in the U.S. to insure only costs $1,112 annually. This is less than $100 a month. To put this in perspective, some vehicles cost over $2,500 per year to cover. This means, just by selecting the right automobile, you can save about $1,400 per year. Over just 3 years this adds up to $4,200. The money can be saved each year for a family vacation or towards a down payment on a new house.

The Honda Odyssey Comes in Number One

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It might be a surprise to some, but the Honda Odyssey LX is the cheapest vehicle to insure in 2019. It comes in at just $1,112 per year. The Odyssey has amazing safety features throughout. Because it is often a “workhorse” for driving around kids, most of the Odyssey’s drivers are careful. When was the last time you saw a soccer mom, with a van full of kids, drag race or hit 100 miles per hour on the freeway?

These owners don’t get into that many accidents and are rewarded with the lowest national average coverage rates. There have even been some years where no Honda Odyssey owners died in an accident in the U.S. That is a testament to the amazing safety features, like surround curtain airbags and anti-lock brakes. It also proves how careful these Honda Odyssey drivers are.

Jeeps are Also Cheap to Insure

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It might come as a surprise that Jeeps are some of the cheapest automobiles to insure. They are big, safe vehicles that are often used to lug around the family. The Jeep Renegade Sport comes it at $1,141 per year, while the Jeep Wrangler averages an almost identical $1,144 annually. Jeeps are also super fun to drive, although the downside is maintenance costs are above average.

Rounding out the top five is the Honda CRV and Toyota Rav. These compact sport utility vehicles are sporty, yet very safe. Each of these can be insured for less than $1,175 per year, or under $100 a month.

Tips for Getting Cheaper Car Insurance

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The most obvious tip is to shop around online. There are carriers that have special direct rates, and the only way you can find them is to compare multiple rates on the web. You can still call up an agent or broker, but also compare at least 10 online quotes. You also want to go for a higher deductible of $1,000 or more. This can save you 15% or more of your premiums.

Another tip is to combine all of your vehicles onto one policy. This will not only save you 5% or more but save you a lot of time and hassle, only having to worry about one bill. Last but not least, get every auto insurance discount you can. You’d be surprised how many are available. Most people can qualify for one or two. These include:

  • Safe Driver
  • Good Student (Grade Point Average of 3.5 or higher)
  • Active Military and Veterans
  • Senior Citizens

Combining Homeowners and Auto Insurance

Now, the next time you shop for very cheap car insurance no deposit, remember you first want to check the auto insurance rates on the vehicle you have in mind. It only takes a few minutes and can really save you some serious money.

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