Pay Less by Purchasing One of the Cheapest Cars to Insure
Nobody likes paying too much for car insurance, but it can be tough to get great coverage at reasonable prices. However, you can tip the scales in your favor by picking one of the cars with the cheapest auto insurance rates. In addition to reviewing the best car insurance companies, we at the Home Media reviews team have researched the country’s most popular vehicles to figure out which may get you the lowest auto insurance rates possible.
While various factors affect car insurance premiums, certain vehicles usually get affordable coverage. We received auto insurance quotes for the 25 most popular vehicles in 2021 to figure out which models have the most affordable car insurance. The rates below are based on a 32-year-old male driver in North Carolina with a clean driving record and good credit. Each premium listed in the table is for full coverage car insurance. These estimates are based on the average of quotes from Geico and Progressive.
Generally, drivers receive the most cost-effective protection when they select smaller SUVs and minivans. The types of cars with the cheapest auto insurance rates typically have these characteristics:
Even if you don’t select one of the cheaper models listed above, it’s possible to find affordable rates. Below, we’ll run through critical elements that car insurance companies consider when setting premiums for coverage.
Some decisions a driver makes can influence the cost of their car insurance. Here’s a look at a few of those factors:
Even the cars with the cheapest auto insurance rates can be expensive to insure if personal factors indicate that you’re a high-risk driver. Below are some characteristics that often lead drivers toward increased car insurance premiums:
Having good credit and a clean driving record can make it easier to get cheap car insurance. While the cars with the cheapest auto insurance rates may have lower costs, coverage will still likely cost more than the national average if your record indicates potential risks.
It’s possible that you’ll find cheaper premiums by carefully considering car insurance discounts offered by providers. Below, we’ll look at some ways that policyholders can save money.
It’s a bad idea to automatically pick cars with the cheapest auto insurance rates or choose providers that offer low-price car insurance policies. Shockingly low rates could indicate that an insurer offers subpar coverage and targets drivers who want to save money. While you’ll spend less by selecting your state’s minimum required coverage, consider your options and needs. Car insurance quotes will be cheaper if you reject comprehensive coverage and collision coverage, but bodily injury liability and property damage liability coverage won’t take care of your costs after an accident. The cars with the cheapest auto insurance rates typically perform well in crash tests, but they aren’t necessarily the right models for everyone. Balance your needs with potential costs mentioned by insurance agents before choosing a car.
If you’re looking for cars with the cheapest auto insurance rates, you may also be wondering which providers offer affordable coverage. Based on our research, we found that it’s easy to find competitive car insurance premiums from Geico and Progressive.
AM Best financial strength rating: A++ Drivers who are searching for some of the most well-rounded car insurance coverage should take a close look at Geico. The company is known for its cost-effective coverage options and superb financial strength, so your car will be well protected in the event of an accident. However, Geico’s customer satisfaction scores were near the average across most regions in the J.D. Power 2021 U.S. Auto Insurance StudySM. Our team reached out to Geico for a comment on its customer satisfaction ratings but did not receive a response. Keep reading: Geico insurance review Progressive: Low Rates for High-Risk DriversAM Best financial strength rating: A+ It’s not easy for motorists with poor credit scores or less-than-perfect driving history to get excellent auto insurance, but Progressive can be a good choice for them. While it probably won’t have the cheapest coverage, Progressive insures many drivers who get passed over by other providers. One of the downsides of Progressive is that it was ranked the country’s second-worst provider in the J.D. Power 2021 U.S. Auto Claims Satisfaction StudySM, with a score of 862 out of 1,000. Our team reached out to Progressive for a comment on its claims satisfaction score but did not receive a response. Keep reading: Progressive insurance review
Out of the most popular 2021 models in the United States, the Subaru Outback and the Honda CR-V are the cars with the cheapest auto insurance rates. The estimates we received averaged just under $802 per year for full coverage car insurance for these models. Geico is one of the cheapest car insurance companies in the country, though rates vary by driver. To discover whether Geico is cheapest for you, compare car insurance quotes from Geico with quotes from companies like State Farm, USAA and Progressive. Newer cars are often cheaper to insure due to their advanced safety features, but that’s not always the case. Because of expensive repairs and sophisticated components, some newer cars cost more to insure than older vehicles. No, automatic cars are usually more expensive to insure than manual vehicles. Automatics almost always have higher repair costs, which are passed on to drivers in the form of somewhat pricier insurance rates.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list. Here are the factors our ratings take into account:
*Data accurate at time of publication |