Ranking the Cheapest Cars to Insure
When you’re shopping for car insurance, it can be hard to figure out which models offer the best rates. That’s where Moneyvests comes in! We’ve done the research for you and compiled a list of the 10 cheapest cars to insure in 2022.
Not only that, but we’ve also included a list of vehicle factors that affect car insurance rates.
By understanding these factors, you’ll be able to choose cars that are likely to cost you the least when it comes to car insurance. So if you’re looking for affordable car insurance coverage, read on!
What are the cheapest cars to insure?
When it comes to car insurance, it’s important to shop around and find the cheapest rates. This can be a difficult task, but with the help of our easy car insurance rate comparison tool, it’s easier than ever.
You can compare quotes from different insurers and find the best rate for you.
Keep in mind that you may be required to retain full coverage on your vehicle even if it’s considered a low-value asset by your insurer. That’s why it’s important to shop around and find the best rates for your car insurance needs. Thanks for reading!
The cheapest cars for insurance in 2021
In 2021, the cheapest cars for insurance are sports cars and convertibles. This is because they’re not as likely to be damaged in a collision and are therefore cheaper to insure.
Car insurance is one of the most important expenses you’ll make, so it’s important to get a good deal. Make sure to shop around and compare rates before deciding on a car.
You’ll also want to consider SUVs and trucks – they’re usually less expensive than other types of vehicles. So, if you’re looking for a good car for insurance, sports cars or convertibles might be a good place to start!
Down to the trim level, how car models affect insurance rates.
The risk that you and your car pose is determined by car insurance companies, who set pricing based on that risk. Insurers look at claim histories, such as accidents, vehicle repair costs, and car theft rates, to determine a vehicle’s risk.
Higher car insurance rates result from more expensive claims for a specific model.
The least expensive automobiles to insurance are likewise those that have the fewest, lowest-cost claims.
Cars With the Cheapest Insurance Rates
Our list of the cheapest new cars to insure includes the 2020 models of the Honda CR-V, Subaru Outback, and Honda Fit.
The International Institute of Highway Safety has ranked both the Honda CR-V and Subaru Outback as top safety picks. Although the Honda Fit is rated slightly lower than the other two cars, it has excellent safety ratings.
Kelley Blue Book named the Honda Fit one of the 2020 most cost-effective overall automobiles and the Honda CR-V one of the 2020 most cost-effective SUVs when it comes to affordability.
While the Subaru Outback isn’t as cheap as the other two cars, it’s a car worth considering if you’re looking for a low-cost insurance option.
The insurance rate for each vehicle is shown in the chart below.
Although USAA insurance is not accessible to most drivers, the company may have cheaper rates than those indicated for certain car types.
Here are the Top 10 cheapest cars to insure in 2022.
1. Fiat 500X
The Fiat 500X is a great car for new drivers and is predicted to remain popular into 2021. It has good safety ratings, costs around £500 per year to insure, and is easy to park and handle.
2. Ford Transit Connect
If you are looking for a car that offers great value for your money, the Ford Transit Connect should be at the top of your list. This reliable and fuel-efficient vehicle is one of the cheapest cars to insure in 2021 according to rates from The Car Insurance Company.
Moreover, it has a 5-star safety rating and is also very easy to drive – perfect for short commutes or daily driving. So if you’re looking for an affordable car that won’t let you down, don’t hesitate to check out the Ford Transit Connect!
3. Jeep Compass
Jeep Compass is a car that offers practicality and safety at an affordable price. It has been designed with an emphasis on these two factors, making it perfect for various activities. Additionally, its price makes it very accessible to most people.
Moreover, Jeep Compass is one of the cheapest cars on the list and still offers good levels of safety features.
4. Ford Escape
If you’re looking for a cheap car that is popular with young people, then the Ford Escape might be a good option for you. It has good safety ratings and is also one of the cheapest cars on the market when it comes to insurance. Plus, its design makes it look stylish and modern.
5. Subaru Outback
The Subaru Outback is a great car for families who are looking for something spacious and well-made. It comes with a standard roof rack, so parking it is easy.
Furthermore, its fuel efficiency makes it perfect for long-distance travel without needing to refuel. Finally, because the Outback isn’t as high-performance as some other cars on the market, insurance rates are comparatively low.
6. GMC Canyon
If you’re looking for a car that ticks all the safety boxes, but doesn’t break the bank, GMC Canyon is a good option. It’s one of the safest cars on the market and has good ratings in terms of crash safety.
It also offers great value for money insurance-wise, as it isn’t among the most expensive models out there.
The only downside is that its gas mileage isn’t up to par with some of its more expensive competitors.
7. Honda CR-V
If you’re looking for a car that is both affordable and reliable, the Honda CR-V might be perfect for you. insurance rates for this car are much lower than most other vehicles, making it an ideal choice for those on a tight budget.
With good safety features ratings, as well as being highly rated by consumers, the CR-V should be at the top of your list when shopping for a new car.
8. Subaru Forester
If you are looking for a car that is both affordable and reliable, the Subaru Forester should definitely be on your list.
It has been rated as one of the safest cars out there, so you can rest assured knowing that you are driving a car that is well-built and up to date with safety features. Additionally, its fuel economy is also good – meaning you will not have to worry about spending too much money on gas.
9. Mazda CX-3
If you are looking for a car that is affordable while still being safe to insure, the Mazda CX-3 should be at the top of your list.
This car has a 3-star safety rating and comes with features like leather seating, Bluetooth connectivity and an auto-dimming rearview mirror. Moreover, it is one of the cheapest cars to insure in 2021. So if you’re on the hunt for a good value car, don’t hesitate to give this one a try!
10. Subaru Crosstrek
The Subaru Crosstrek is a sporty car that comes with good crash ratings. It also has a good range of features, making it an affordable and practical option for drivers. One of the best features about this car is its EyeSight system which helps you avoid accidents in the dark.
Cheapest cars to insure among popular models
Although you might assume that a cheaper car would have a lower insurance rate, this isn’t always the case. Depending on the kind of vehicle you drive (among other things), car insurance rates vary, sometimes significantly.
We calculated the average insurance rate, manufacturer recommended retail price, and insurance cost as a percentage of the MSRP for each of the 25 most popular vehicles Moneyvests examined.
The following is what it costs to cover the most common automobiles in the United States:
Are automatic cars cheaper to insure?
There are many factors to consider when choosing car insurance, but one of the most important is rates.
By comparing quotes from different insurers, you can ensure that you’re getting the best deal for your car and driving record. Automatics tend to be cheaper to insure because they have lower collision and theft rates than manual cars.
In addition, some companies offer reductions for drivers who own automatics. So if price is a major factor in your decision-making process, an automatic may be a good option for you!
Want cheaper insurance? common Car insurance Mistakes to Avoid
Want to save money on car insurance? Avoid the cars with the highest rates!
Instead, look for cars that have full coverage – accidents happen! When it comes to insurance, make sure to have coverage for all the major costs, including car repair, theft, and liability.
Compare quotes from several companies and pick the cheapest car insurance that fits your needs.
Avoiding these common insurance blunders will save you money.
- Learn how to avoid the pitfalls that people fall into when purchasing auto insurance by reading about the common mistakes that people make.
- Lack of awareness regarding the necessary insurance coverage
- Not comparing different insurance providers.
- Providing false information on an application for auto insurance
- Removing or omitting to keep your insurance policy current with the latest changes.
- The incorrect selection of the deductible amount
- Not conducting online research regarding auto insurance.
- Purchasing only the bare necessities in terms of insurance coverage
- Purchasing more insurance than is necessary
- Avoiding the asking of questions
- You are not interested in saving money on your auto insurance.
Moneyvests‘ car insurance rankings will help you make a smart decision.
How can I save money on my car insurance?
When it comes to car insurance, there are many cheap options out there for those who drive responsibly. Speak to a financial advisor about the best ways to save on car insurance.
For example, bundling policies with other insurance products, such as home insurance, could save you a lot of money each month.
Make sure to read your policy carefully to see if there are any discounts you can take advantage of. And last but not least, don’t forget to drive safely – this will go a long way in keeping you out of trouble!
Why is car insurance so expensive?
Car insurance is notoriously expensive, and for good reason. It’s based on a variety of factors, including your driving record and the make and model of your car.
However, there are some simple tips you can follow to keep costs down.
For example, use safe driving behavior and avoid crashing (or at least minimizing their impact).
Additionally, make sure to shop around and compare rates – especially if you have a specialty vehicle or a high-value asset like jewelry in the car. If you follow these tips, car insurance should be a relatively affordable burden for the average person.
How do car insurers calculate rates?
When it comes to car insurance, rates can vary significantly from company to company. To get the cheapest rates, you’ll need to understand how car insurance rates are calculated. This includes knowing your driving history and the type of car you’re insuring.
To rank the cheapest cars to insure, you can compare rates online. Additionally, by understanding these factors, you can get a better idea of what car insurance is best for your needs. So, don’t be afraid to shop around – you could be saving money in the long run!
Insurers consider the following factors when determining your auto insurance premiums:
- The automobile you drive
- Where you live, the safety of your vehicle, and how you use it will determine how you use your car.
- Your past claims and no-claims bonus
- Your excess
- What type of coverage do you select?
Insurance is predicated primarily on risk data. Typically, when calculating your premium, an insurer considers the risk posed by each of the aforementioned variables.
The higher your premium may be, the greater the risk you present to the insurer.
For instance, if your annual mileage is high and you drive frequently, you may be more likely to be involved in an accident.
Your age can also impact your premiums. Younger drivers typically have higher premiums due to their lack of experience behind the wheel.
Each of these variables will be examined individually to determine how they may affect your premiums.
How will my age impact my auto insurance?
Age is the most important factor that insurers consider when calculating auto insurance premiums.
Younger drivers typically have less driving experience than older drivers. Therefore, they are statistically more likely to be in an accident.
This means that drivers between the ages of 17 and 25 typically pay the highest rates. The catch is that you cannot alter this variable.
There is a widespread belief that drivers who turn 25 immediately receive lower insurance rates.
This is not always the case, but young drivers can reduce their expenses in other ways.
This includes the use of black box technology, which can lower your costs if you are a safe driver.
How does my profession impact my auto insurance?
Certain occupations necessitate more time on the road, nighttime driving, carrying vital equipment, or working in high-risk areas.
Other occupations may involve less driving and, consequently, may be perceived as relatively risk-free.
Due to the statistical nature of insurance pricing, prices for comparable occupations may vary significantly.
For instance, being a “company director” may be more expensive than being a “director of a company.”
Therefore, it is essential to be as precise as possible when describing your occupation.
It is also worthwhile to compare the cost of a policy to various job titles.
It is unlawful to publish false information. However, if you choose a job title that accurately reflects your work, you may save money.
Check out our guide on occupations and auto insurance for more details.
Vehicle Factors that Affect Car Insurance Rates
Car insurance rates can vary a lot depending on the vehicle, the car’s age, make, and safety features. To get a good idea of how much car insurance you’ll need for your car, it’s important to know these factors.
Here are four of the most important: new cars generally have higher rates than older cars, while used cars usually have lower rates.
The size of the car also affects rates- a small car will often have higher rates than a large one. Other factors that can affect rates include the car’s safety features, collision history, and the number of passengers the car is carrying. So, before buying a car, make sure to do your research and find out which car insurance rates are cheapest for you.
Frequently Asked Questions
What are the cheapest cars to insure that are still fun to drive?
When it comes to ranking the cheapest cars to insure, the best option may be to buy a used car instead of investing in an expensive new model. Why? One reason is that expensive new models often come with a lot of safety features and features that are beneficial for driving.
However, these features can also be expensive to repair or replace in the event of a crash. Another factor to take into account when looking for the cheapest cars to insure is fuel economy. It’s important to choose a car that gets good gas mileage so you don’t have to spend a lot of money on gasoline each month.
Finally, consider your driving style and lifestyle when selecting a car. For example, if you’re the type of person who likes to take risks while driving, then you may not be the best candidate for a car that’s less safe- such as a sport-utility vehicle (SUV).
What types of cars have lower insurance?
There are a few ways to save money on car insurance. One is to shop around for quotes and find the best deal for you. Cars with less than 50,000 miles on them are usually cheaper to insure because the insurance companies know that there is a lower risk of insurance claims.
Additionally, cars that have been in accidents but still have low insurance rates because they are newer or models that don’t generate a lot of traffic collisions can also be a good option.
Most reliable, cheapest to insure car around 5k?
When it comes to finding a car for around 5k, the most reliable and cheapest option is usually to look for a used or pre-owned vehicle. However, before making this purchase, be sure to do your research and make sure that the car you’re getting is insured and has good ratings from CarGurus or similar websites.
Which car would be cheaper for me to insure?
When it comes to car insurance, the cheapest cars to insure are those that have low value and high insurance rates. This is because insurance companies charge higher rates for cars with high values or frequent crashes.
Furthermore, you may want to consider insuring a car with less mileage or one belonging to a driver who has a good driving record. Cars with lower mileage or fewer crashes tend to have lower insurance rates. These cars include older models, SUVs, and convertibles.
Who offers the cheapest car insurance in the USA in 2021?
Moneyvests is one of the most affordable car insurance companies in the USA for customers based on their credit score and driving record. They offer a range of discounts and benefits, like roadside assistance, vehicle theft protection, accident forgiveness, and more. In short, Moneyvests makes car insurance shopping easy and convenient for customers.
Which is the cheapest car in the world?
There is no definitive answer to this question as car prices can change constantly. However, some cars that are often cheaper to insure include old and used models.
Additionally, you may find that cars with good crash ratings or high kilometres driven per year rates are cheaper to insure. So, always do your research and factor in all the important factors before settling on a car to buy.
Which state has cheap car insurance?
According to the insurance website cheapestcarinsurance rates.com, car insurance rates vary widely from state to state. To save money on your car insurance, you can research rates in different states and compare quotes before making a decision. The states that have the cheapest rates for car insurance are Mississippi, South Carolina, Alabama, and West Virginia.
What is a cheap old (nice) car to buy and insure?
There is no one-size-fits-all answer to this question, as the cheapest car to insure will depend on your driving record, car model, and location. However, 5-year-old or older models are generally considered to be the cheapest cars to insure. So, if you’re looking for a car that won’t cost too much to insure and have full coverage, then consider buying a car that is at least five years old.
Why is car insurance in Louisiana so expensive?
There are a few factors that contribute to high car insurance rates in Louisiana. Some of these include: a high rate of accident claims, an uninsured driving rate that is above the national average, and a traffic count that is higher than average.
According to a 2016 study, Louisiana has the highest premiums for auto insurance across all 50 states. In fact, it ranks as one of the most expensive states in the U.S. for car insurance rates. Therefore, if you live in Louisiana and plan on driving your car for pleasure or for work, make sure to get car insurance coverage that will cover you for any potential accidents.
Most reliable, cheapest to insure car around 5k?
According to Moneyvests, the Toyota Yaris is one of the most reliable cars around 5k. This car is considered to be a good insurance option for people because it has low rates for car insurance and has a good safety record.
Similarly, the Ford Fiesta is also one of the cheapest cars that Moneyvests deems as a reliable option for insuring. It has good insurance rates, but it may not be as reliable as other cars in the top five. Other cars in the top five include: the Nissan Sentra, Mazda3, Honda Civic and Renault Clio.
Who really has the cheapest car insurance?
There is no one-size-fits-all answer for cheapest car insurance, as rates for car insurance can vary drastically depending on make and model, driving record, location, age, and other factors.
However, some things you may want to keep in mind when looking for cheap car insurance include:
Make and model of the car: If your car is newer or a luxury model, it may be cheaper to insure than a car with a lower-end make or model.
Age of the car: Older cars tend to be cheaper to insure because they typically have lower rates for comprehensive and collision coverage.
Driving record: A good driving record means that you will likely pay lower rates for car insurance. However, if you have had any driving violations in the past, your rates may increase.
Location: Car insurance rates may vary based on where you live. For example, rates for car insurance in California are often higher than rates in Texas. – Shop around for quotes: Compare rates from different insurers and find one that fits your needs.
How much do you pay for insurance?
When it comes to insurance, the average person pays a yearly sum of £220. This amounts to approximately £7 a month. A car insurance policy costs on average £220 a year, and you may also want to consider adding your car to your home insurance coverage in case of accidents.
Additionally, it is important to set up an auto accident claim fund in order for you to be able to cover any costs that may come up as a result of an auto collision.
You should also read the fine print of insurance companies before making any decisions as this will help you save money in the long run.
Car insurance is expensive for a reason- it’s an essential safety net for us in case of an accident. However, with the help of our comprehensive car insurance rankings, you can save money on your car insurance coverage by finding the cheapest cars for insurance.
In addition to finding the cheapest cars for insurance, our rankings also list the top 10 cars for safety and value. So, whether you’re looking for a new or used car, Moneyvests has you covered!