If you’re shopping for a new car, you may consider how much your insurance will cost. Some cars, like sports cars and electric cars, naturally have higher insurance costs. There are some cars with notable safety and reliability that insurance companies may price more favorably when creating their quotes. This is everything you need to know about which cars have the lowest insurance rates.
What Cars Have the Lowest Insurance Rates?
Cars with exceptional safety ratings and reliability often have the lowest insurance rates. When purchasing a car, you may wish to choose one that is a few years old, but not old enough to experience major mechanical issues. These are not only more affordable to buy, but they also have lower insurance rates since they’re not new. Cars that aren’t often the targets of theft or vandalism usually have lower insurance rates than those that are.
Features That Affect Insurance Rates in Vehicles
Insurance companies use a plethora of information when creating their quotes. Much of the information is about the driver. Factors like age, location, driving record, and driving behavior can all affect how much you pay for insurance. Though personal details are important, the make, model, and year of the car you drive also affect how much you pay for insurance. These are some features an insurance company may consider when determining the cost to insure a vehicle:
- Model: Manufacturers often produce many models of cars, trucks, and SUVs. Some models experience more mechanical issues than others. How expensive it is to repair after a crash is a factor as well. Insurance companies collect this data and use it to determine insurance prices for the vehicle.
- Trim level: Most cars have different trim levels, which may determine the number of safety features in the vehicle. An insurance company may offer discounts based on safety, which could make some trims more cost-effective than others.
- Class: There are different classes of cars, including sports cars and sport utility vehicles. The class of your vehicle may affect the insurance company’s pricing process. Because sports cars are built for speed, they are usually more expensive to insure.
- Type: As electric vehicles become more common, insurance prices may begin to even out. Currently, insuring an electric vehicle may cost more than insuring a traditional car. Repairing or replacing an electric car can be more expensive due to higher prices for parts and mechanical expertise.
10 Cars With the Lowest Insurance Rates
These are 10 cars with the lowest insurance rates. All of the cars in this list had a safety rating of 8/10 or higher from U.S. News. This list includes some of the vehicles with the lowest insurance during the year 2021:
10. Ford F-150
The Ford F-150 is a classic American pickup truck that offers power and performance. Many F-150 drivers choose this truck for its towing capacity and the suite of safety features, including a Blind Spot Information System that keeps an eye on your trailer. According to U.S. News, the F-150 receives a safety rating of 9.3/10. The average cost to insure the Ford F-150 was $1,465 for the year.
9. Chevy Equinox
The Chevy Equinox is an SUV that offers plenty of room for cargo, passengers, and new technology. According to U.S. News, the Equinox receives a safety rating of 9.7/10. The average cost to insure the Chevy Equinox was $1,459 for the year.
8. Honda Pilot
The Honda Pilot was first launched in 2002 and is still producing new models. The current Pilot is a mid-size crossover that has three-row seating. According to U.S. News, the Pilot receives a safety rating of 8.6/10. The average cost to insure the Honda Pilot was $1,442 for the year.
7. Ford Escape
With four generations and stellar fuel economy, the Ford Escape is a great option for those who want to balance performance and capability. According to U.S. News, the Escape receives a safety rating of 9.7/10. The average cost to insure the Ford Escape was $1,427 for the year.
6. Mazda CX-5
The Mazda CX-5 is a compact crossover SUV that offers luxury features inside the cabin and rugged capability outside it. According to U.S. News, the Mazda CX-5 receives a safety rating of 9.8/10. The average cost to insure the Mazda CX-5 was $1,412 for the year.
5. Hyundai Tuscon
If you’re looking for a compact SUV that offers great safety features and room for five passengers and adventure gear, look no further than the Hyundai Tuscon. According to U.S. News, the Tuscon receives a safety rating of 9.4/10. The average cost to insure the Hyundai Tuscon was $1,406 for the year.
4. Jeep Wrangler
The Jeep Wrangler is a classic off-roading and adventuring vehicle that offers style and capability for every driver. Whether you’re hitting the beach or climbing a mountain, the Wrangler might have something for you. According to U.S. News, the Jeep Wrangler receives a safety rating of 8.7/10. The average cost to insure the Wrangler was $1,406 for the year.
3. Honda CR-V
A compact crossover SUV, the CR-V was first introduced to the American market in 1997 and has been a favorite ever since. According to U.S. News, the CR-V receives a safety rating of 9.4/10. The average cost to insure the CR-V was $1,359 for the year.
2. Subaru Forester
Subaru takes both of the top spots in this list. Coming in second is the Forester, a compact crossover SUV. According to U.S. News, the Forester receives a safety rating of 9.6/10. The average cost to insure the Forester was $1,347 for the year.
1. Subaru Outback
In first place for the most affordable insurance is the Outback, a smaller alternative to traditional crossovers and utility vehicles. According to U.S. News, the Outback receives a safety rating of 9.8/10. The average cost to insure the Outback was $1,336 for the year.
Choosing a car that has great safety and reliability can help you save on insurance costs. Hopefully, this guide helped you learn more about which cars can help you save more on car insurance.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
