20 Cheapest Cars to Insure: Top Budget-Friendly Options for Drivers

ByBenjamin Smith Posted on

A lineup of 20 cars, varying in make and model, parked in a row. Each car is labeled with its respective insurance cost, creating a visual ranking from cheapest to most expensive

Car insurance costs can vary significantly depending on the vehicle you drive. Choosing an affordable car to insure can help drivers save money on their annual premiums. Many factors influence insurance rates, including the car’s safety features, repair costs, and likelihood of theft.

The cheapest cars to insure often include popular compact and midsize sedans, as well as some smaller SUVs. These vehicles typically have lower repair costs, good safety ratings, and are less likely to be stolen. By selecting one of these budget-friendly options, drivers can potentially reduce their insurance expenses without sacrificing quality or reliability.

1. Honda Civic

A Honda Civic parked in a suburban driveway, surrounded by greenery. The car is clean and well-maintained, with a bright and sunny sky overhead

The Honda Civic ranks among the most affordable cars to insure. Its reputation for reliability and safety contributes to lower insurance premiums. The Civic’s widespread availability of parts also helps keep repair costs down.

Honda equips the Civic with advanced safety features, which insurers view favorably. These include collision mitigation braking, lane keeping assist, and adaptive cruise control. Such technologies can reduce the likelihood of accidents.

The Civic’s popularity means insurers have extensive data on its performance and claims history. This wealth of information allows them to offer more competitive rates. Additionally, the car’s moderate price point helps keep comprehensive and collision coverage costs in check.

Its fuel efficiency and low maintenance requirements further enhance the Civic’s appeal to budget-conscious drivers. These factors indirectly influence insurance costs by reducing overall ownership expenses.

2. Toyota Corolla

A Toyota Corolla parked among 19 other cars, labeled as the "20 Cheapest Cars to Insure." The cars are arranged in a neat row, with the Corolla standing out as the focal point

The Toyota Corolla consistently ranks among the cheapest cars to insure. Its affordable price tag, excellent safety features, and reliable performance contribute to its low insurance costs.

Insurance companies view the Corolla favorably due to its high safety ratings. The car comes equipped with standard safety features like airbags, anti-lock brakes, and stability control.

The Corolla’s widespread availability means repair costs are generally lower. Mechanics are familiar with the model, and parts are readily accessible, reducing potential insurance claim expenses.

Its reputation for reliability means fewer breakdowns and claims, further lowering insurance premiums. The Corolla’s fuel efficiency also appeals to insurers, as it reduces the risk of accidents related to running out of gas.

The car’s modest engine power makes it less likely to be involved in high-speed accidents, another factor that keeps insurance rates down.

3. Ford Fiesta

A Ford Fiesta parked in a row of 20 cars, with a sign reading "Cheapest Cars to Insure" in the background

The Ford Fiesta stands out as one of the cheapest cars to insure. This compact hatchback offers an appealing combination of affordability and low insurance costs.

Its small size and relatively low power output contribute to reduced insurance premiums. Insurance companies often view the Fiesta as a lower risk due to its modest performance capabilities.

The Fiesta’s safety features also play a role in keeping insurance costs down. Many models come equipped with advanced driver assistance systems, which can help prevent accidents.

Ford’s reputation for reliability adds to the Fiesta’s appeal for insurers. Lower repair costs and less frequent breakdowns translate to fewer claims, resulting in more affordable premiums for owners.

The car’s popularity among younger drivers doesn’t negatively impact its insurance rates, thanks to its overall safety profile and economical nature.

4. Chevrolet Spark

A Chevrolet Spark parked in a well-lit garage, surrounded by other affordable cars. The bright red color of the Spark stands out against the neutral tones of the other vehicles

The Chevrolet Spark ranks among the most affordable cars to insure. Its compact size and low price point contribute to reduced insurance costs.

The Spark’s safety features play a role in its insurance affordability. Standard equipment includes airbags, stability control, and anti-lock brakes.

Insurance companies view the Spark favorably due to its inexpensive repair costs. The vehicle’s simple design and readily available parts keep maintenance expenses down.

The Spark’s fuel efficiency also factors into its low insurance rates. Its economical engine reduces the likelihood of high-speed accidents.

Drivers of the Chevrolet Spark often benefit from lower premiums compared to owners of larger, more powerful vehicles. The car’s modest performance capabilities correlate with reduced risk in insurers’ eyes.

5. Nissan Versa

A Nissan Versa parked in a well-lit garage, surrounded by other cars. A sign above it reads "20 Cheapest Cars to Insure."

The Nissan Versa stands out as an affordable option for car insurance. This compact sedan offers a combination of economical pricing and safety features that contribute to lower insurance premiums.

Insurance companies often view the Versa favorably due to its modest engine size and affordable replacement parts. These factors typically result in reduced repair costs following accidents.

The Versa’s standard safety features, including front and side airbags, antilock brakes, and electronic stability control, may lead to insurance discounts. Some newer models also offer advanced driver assistance systems.

Its popularity among budget-conscious drivers and relatively low theft rates further contribute to its insurance cost-effectiveness. The Versa’s practicality and reliability make it an attractive choice for those seeking affordable coverage.

6. Hyundai Elantra

A Hyundai Elantra parked in a suburban driveway, surrounded by greenery. The car is clean and well-maintained, with a bright and sunny sky in the background

The Hyundai Elantra ranks among the cheapest cars to insure. This compact sedan offers a combination of affordability and safety features that contribute to its low insurance rates.

Hyundai equips the Elantra with advanced driver assistance systems, including forward collision avoidance and lane keeping assist. These safety features help reduce the risk of accidents, which insurers view favorably.

The Elantra’s relatively low cost of repair and replacement parts also plays a role in its insurance affordability. Hyundai’s widespread dealership network ensures easy access to maintenance services and parts.

Insurance companies consider the Elantra’s reliability ratings when determining premiums. The car’s reputation for dependability means fewer claims and lower costs for insurers, which translates to savings for owners.

7. Kia Forte

A Kia Forte parked in a safe, well-lit area. The car is surrounded by a variety of other affordable vehicles. The scene exudes a sense of security and cost-effectiveness

The Kia Forte ranks among the most affordable cars to insure. This compact sedan offers a combination of reliability and safety features that contribute to its low insurance costs.

Kia’s reputation for producing dependable vehicles helps keep repair and maintenance expenses down. The Forte’s standard safety features, including multiple airbags and electronic stability control, reduce the risk of injury in accidents.

Insurance companies view the Forte favorably due to its modest engine size and relatively low theft rates. These factors translate to lower premiums for owners.

The car’s affordability extends beyond insurance, with competitive pricing and fuel efficiency adding to its appeal. Drivers looking for an economical option often find the Forte meets their needs without breaking the bank.

8. Subaru Impreza

A Subaru Impreza parked in a suburban driveway, surrounded by greenery and a clear blue sky. The car is clean and well-maintained, with a sleek and sporty appearance

The Subaru Impreza ranks among the most affordable cars to insure. Its safety features and reliable performance contribute to lower insurance premiums.

Subaru equips the Impreza with advanced driver assistance technologies as standard. These include adaptive cruise control, lane departure warning, and pre-collision braking.

The Impreza’s all-wheel drive system enhances stability and traction, reducing the risk of accidents. This feature is particularly valuable in areas with challenging weather conditions.

Insurance companies appreciate the Impreza’s solid build quality and durability. These factors often result in fewer claims and lower repair costs.

The car’s modest engine power and family-oriented design also play a role in its favorable insurance rates. Insurers typically view it as a low-risk vehicle for responsible drivers.

9. Mazda3

A Mazda3 parked next to a lineup of 19 other cars, with a sign in the background reading "20 Cheapest Cars to Insure."

The Mazda3 stands out as one of the cheapest cars to insure. This compact vehicle offers a blend of affordability and quality, making it attractive to insurance providers.

Mazda’s reputation for reliability contributes to lower insurance costs for the Mazda3. The car’s safety features, including advanced driver assistance systems, help reduce the risk of accidents and claims.

The Mazda3’s relatively low price point also plays a role in its insurance affordability. Less expensive vehicles typically cost less to repair or replace, leading to lower premiums.

Insurance companies often view Mazda3 owners as responsible drivers, which can result in more favorable rates. The car’s practical design and fuel efficiency appeal to budget-conscious consumers who tend to drive more cautiously.

10. Volkswagen Jetta

A Volkswagen Jetta parked next to a list of "20 Cheapest Cars to Insure" with a clear and bright background

The Volkswagen Jetta ranks among the cheapest cars to insure. This compact sedan offers a blend of German engineering and affordability that appeals to insurers.

The Jetta’s safety features contribute to its low insurance costs. Standard equipment includes electronic stability control, anti-lock brakes, and multiple airbags.

Its reliable reputation also plays a role in reducing premiums. The Jetta has a track record of durability, which means fewer claims for mechanical issues.

The car’s moderate price tag is another factor. Less expensive vehicles generally cost less to repair or replace, leading to lower insurance rates.

Fuel efficiency is an additional benefit of the Jetta. Its economical fuel consumption can indirectly influence insurance costs by reducing the likelihood of theft.

11. Ford Focus

A Ford Focus parked in a lot, surrounded by other cars. Bright sunlight shines on the sleek, compact vehicle. A sign nearby reads "20 Cheapest Cars to Insure."

The Ford Focus ranks among the most affordable cars to insure. Its compact size and reputation for safety contribute to lower premiums. Insurance companies view the Focus as a low-risk vehicle due to its moderate power and sensible design.

Ford equips the Focus with advanced safety features, which help reduce the likelihood of accidents. These include airbags, anti-lock brakes, and stability control systems. Many models also offer optional driver assistance technologies.

The Focus’s widespread availability means replacement parts are easily obtainable and relatively inexpensive. This factor plays a role in keeping repair costs down, which insurers take into account when setting rates.

Its popularity among a wide range of drivers, from young professionals to families, spreads the risk pool for insurers. This diverse ownership base typically results in more favorable insurance pricing for Focus owners.

12. Chevrolet Sonic

A Chevrolet Sonic parked in a well-lit garage, surrounded by other cars. The vehicle is clean and shiny, with a modern and sleek design. The background is simple and uncluttered, allowing the focus to remain on the car

The Chevrolet Sonic ranks among the most affordable cars to insure. This compact vehicle offers a balance of economy and practicality that appeals to insurance providers.

The Sonic’s safety features contribute to its low insurance costs. It comes equipped with standard airbags, antilock brakes, and stability control systems.

Its modest engine size and performance ratings also factor into its favorable insurance rates. The Sonic is less likely to be involved in high-speed accidents compared to more powerful vehicles.

Repair costs for the Chevrolet Sonic tend to be reasonable. This is due to the widespread availability of parts and the simplicity of its design, which reduces labor costs for mechanics.

The car’s popularity means a large pool of insured drivers, allowing insurance companies to spread risk more effectively. This contributes to lower premiums for Sonic owners.

13. Honda Fit

A Honda Fit parked among 19 other cars, labeled as "20 Cheapest Cars to Insure." Bright colors and clean lines emphasize affordability and practicality

The Honda Fit consistently ranks among the most affordable cars to insure. Its compact size and safety features contribute to lower insurance premiums. The Fit’s reliable performance and fuel efficiency make it an attractive option for budget-conscious drivers.

Insurance companies often view the Honda Fit favorably due to its low repair costs. The availability of spare parts and straightforward maintenance procedures help keep insurance rates down. Additionally, the Fit’s modest engine power reduces the likelihood of speeding-related incidents.

Honda’s reputation for safety further enhances the Fit’s insurability. The vehicle comes equipped with various standard safety features, including multiple airbags and stability control systems. These elements can lead to potential discounts on insurance policies.

The Fit’s popularity among urban drivers and commuters also plays a role in its affordable insurance rates. Its maneuverability and compact design make it less prone to accidents in congested city environments.

14. Hyundai Accent

A Hyundai Accent parked in a well-lit garage, surrounded by other affordable cars. A chart on the wall lists the "20 Cheapest Cars to Insure."

The Hyundai Accent ranks among the cheapest cars to insure in many markets. Its low purchase price and repair costs contribute to its affordable insurance premiums.

As a subcompact car, the Accent typically incurs less damage in minor collisions compared to larger vehicles. This factor often leads to lower claim payouts for insurance companies.

The Accent’s safety features, including standard airbags and antilock brakes, can help reduce injury risks. These safety elements may positively influence insurance rates.

Many insurance providers view the Accent as a low-risk vehicle due to its modest performance capabilities. The car’s practicality and fuel efficiency appeal to budget-conscious drivers who tend to drive more cautiously.

Hyundai’s reputation for reliability also plays a role in keeping insurance costs down for the Accent. Fewer mechanical issues mean fewer claims, which insurers appreciate.

15. Toyota Yaris

A Toyota Yaris parked in a well-lit area, surrounded by other affordable cars. The setting is clean and modern, with a sense of safety and affordability

The Toyota Yaris ranks among the most affordable cars to insure. This compact vehicle offers a combination of reliability, fuel efficiency, and safety features that contribute to its low insurance costs.

Insurance companies often view the Yaris favorably due to its modest repair costs and replacement parts availability. The car’s smaller size and lower horsepower also factor into reduced premiums, as it’s less likely to be involved in high-speed accidents.

Toyota’s reputation for building dependable vehicles further enhances the Yaris’s insurability. The model’s solid safety ratings and standard safety features like multiple airbags and electronic stability control help mitigate potential risks.

The Yaris appeals to budget-conscious drivers seeking economical transportation. Its low purchase price and excellent fuel economy translate to lower overall ownership costs, including insurance premiums.

16. Mitsubishi Mirage

A Mitsubishi Mirage parked in a well-lit area, surrounded by other cars. The car is clean and has a sleek, modern design. The background shows a clear sky and a cityscape in the distance

The Mitsubishi Mirage stands out as one of the most affordable cars to insure. This subcompact hatchback’s low purchase price and modest repair costs contribute to its inexpensive insurance premiums.

The Mirage’s small 1.2-liter three-cylinder engine produces just 78 horsepower, making it less likely to be involved in high-speed accidents. Its lightweight design and basic features also reduce potential repair expenses.

Insurance companies view the Mirage favorably due to its emphasis on fuel efficiency rather than performance. The car’s standard safety features, including seven airbags and a rearview camera, help mitigate risks and keep insurance costs down.

The Mirage’s popularity among budget-conscious drivers and its reputation for reliability further contribute to its low insurance rates. Its simple mechanics make it easier and less expensive to repair, which insurers take into account when setting premiums.

17. Kia Rio

A Kia Rio parked in a suburban driveway, surrounded by greenery. The car is clean and well-maintained, with a bright, sunny sky overhead

The Kia Rio ranks among the most affordable cars to insure. This compact vehicle offers a balance of economy and practicality that appeals to insurance providers.

The Rio’s low purchase price and modest repair costs contribute to its insurance-friendly status. Its small size and fuel efficiency make it an attractive option for urban drivers and those seeking to minimize expenses.

Safety features play a role in the Rio’s favorable insurance rates. Recent models come equipped with standard safety technologies that can help reduce accident risk.

The car’s popularity among responsible drivers also factors into its low insurance costs. Insurers often view Rio owners as less likely to engage in risky driving behaviors.

For budget-conscious consumers, the Kia Rio presents an opportunity to save on both initial purchase price and long-term insurance expenses.

18. Volkswagen Golf

A Volkswagen Golf parked in front of an insurance office, surrounded by other affordable cars. The sun is shining, and a sign displays "20 Cheapest Cars to Insure."

The Volkswagen Golf ranks among the most affordable cars to insure. Its compact size and safety features contribute to lower premiums for many drivers.

The Golf’s reputation for reliability helps keep repair costs down, which insurers consider when setting rates. Advanced safety technology, including automatic emergency braking and lane departure warnings, further reduces risk.

Volkswagen’s use of common parts across models can make repairs less expensive. This factor often translates to more favorable insurance rates for Golf owners.

The Golf’s moderate performance capabilities also play a role in its insurance affordability. Its engines provide sufficient power without pushing into high-risk territory that could lead to increased premiums.

Insurance companies typically view Golf drivers as responsible and low-risk, which can result in more competitive rates. The car’s broad appeal across age groups contributes to this positive perception.

19. Nissan Sentra

A Nissan Sentra parked in a suburban driveway, surrounded by other affordable cars. A clear blue sky and green grass in the background

The Nissan Sentra ranks among the most affordable cars to insure. This compact sedan offers a blend of practicality and economy that appeals to insurance providers.

The Sentra’s safety features contribute to its low insurance costs. Standard equipment includes automatic emergency braking, lane departure warning, and rear automatic braking.

Its modest engine power and typical urban use profile further reduce risk factors. Insurance companies often view the Sentra as less likely to be involved in high-speed accidents.

The vehicle’s affordability extends to repair costs. Widely available parts and straightforward design make the Sentra relatively inexpensive to fix after minor incidents.

These factors combine to make the Nissan Sentra an attractive option for budget-conscious drivers seeking low insurance premiums.

20. Chevrolet Cruze

A Chevrolet Cruze parked in a suburban driveway, surrounded by greenery and a clear blue sky. The car is clean and well-maintained, with a sleek and modern design

The Chevrolet Cruze ranks among the most affordable cars to insure. This compact sedan offers a combination of safety features and reliability that insurance companies appreciate.

The Cruze’s low repair costs contribute to its insurance affordability. Its parts are readily available and relatively inexpensive, reducing potential claim payouts for insurers.

Safety ratings play a crucial role in insurance pricing. The Chevrolet Cruze consistently performs well in crash tests, earning high marks from safety organizations.

The car’s modest engine power also factors into its low insurance rates. Less powerful vehicles are generally associated with fewer accidents and lower claim frequencies.

Chevrolet’s reputation for producing dependable vehicles further enhances the Cruze’s insurability. Insurance providers often offer better rates for brands with proven track records of reliability.

Understanding Car Insurance Rates

A lineup of 20 cars, each labeled with their make and model, arranged in order of cheapest to most expensive to insure. The cars are set against a backdrop of a sleek, modern city skyline

Car insurance rates vary widely based on multiple factors. Insurers use complex algorithms to assess risk and determine premiums for each policyholder.

Factors Influencing Premium Costs

Age and driving experience play significant roles in insurance pricing. Younger drivers typically face higher rates due to their increased accident risk. Vehicle make, model, and age also impact costs. Expensive or high-performance cars generally cost more to insure.

Location affects premiums too. Urban areas with higher traffic density and crime rates often have pricier insurance. Driving history is crucial – accidents and traffic violations can lead to rate increases.

Credit scores sometimes factor into insurance calculations. Some insurers view good credit as an indicator of responsible behavior.

How Insurance Providers Calculate Risk

Insurance companies use statistical models to predict the likelihood of claims. They analyze historical data on accidents, thefts, and other incidents for different driver groups and vehicle types.

Insurers consider the potential cost of repairs or replacements. Cars with expensive parts or advanced technology may have higher premiums.

Risk assessment also includes factors like annual mileage. Drivers who spend more time on the road face a greater chance of accidents.

Some providers offer usage-based insurance programs. These track driving habits through telematics devices, potentially lowering rates for safe drivers.

Tips for Lowering Car Insurance Costs

A lineup of 20 different car models, each with a price tag and a label indicating their insurance cost. The cars vary in size, color, and style, providing a range of options for potential buyers

Reducing car insurance premiums can save drivers significant money over time. Several effective strategies can help lower costs while maintaining adequate coverage.

Increasing Your Deductible

Opting for a higher deductible can lead to lower monthly premiums. A deductible is the amount paid out-of-pocket before insurance coverage kicks in. By choosing a $1,000 deductible instead of $500, drivers may see premium reductions of 15-30%.

This approach works best for those with emergency savings to cover the higher deductible if needed. It’s important to weigh potential savings against the ability to pay a larger sum in case of an accident.

Some insurers offer deductible savings accounts. These allow policyholders to gradually set aside funds to cover their deductible, making higher amounts more manageable.

Bundling Insurance Policies

Combining multiple insurance policies with one provider often results in discounts. Many companies offer reduced rates for bundling auto insurance with homeowners, renters, or life insurance policies.

Discounts typically range from 5-25% off the total premium cost. The exact savings depend on the insurer and policies bundled.

Bundling can also simplify bill payments and policy management. Having all insurance needs met by a single provider streamlines the claims process if multiple types of coverage are needed simultaneously.

Maintaining a Clean Driving Record

A history of safe driving is one of the most effective ways to keep insurance costs down. Avoiding accidents and traffic violations helps drivers qualify for lower rates and good driver discounts.

Many insurers offer accident forgiveness programs. These prevent rate increases after a first at-fault accident, protecting good drivers from isolated incidents.

Some companies provide usage-based insurance programs. These use telematics devices to monitor driving habits and reward safe behavior with lower premiums.

Taking defensive driving courses can also lead to discounts. Many insurers offer reduced rates for completing approved safety education programs.

Vehicle Features That Impact Insurance Rates

A lineup of 20 different cars, each showcasing unique features that impact insurance rates. The cars vary in size, make, and model, with a focus on affordability and safety

Certain vehicle characteristics play a significant role in determining insurance premiums. Insurance companies assess various factors to calculate risk and set rates accordingly.

Safety Features

Advanced safety technologies can lead to lower insurance costs. Anti-lock brakes, electronic stability control, and airbags are standard features that insurers consider favorably. Lane departure warnings, automatic emergency braking, and adaptive cruise control may also result in discounts.

Vehicles with high safety ratings from organizations like the Insurance Institute for Highway Safety (IIHS) often qualify for reduced premiums. These ratings reflect a car’s ability to protect occupants in crashes and prevent accidents.

Some insurers offer discounts for anti-theft devices such as GPS trackers and immobilizers. These features reduce the risk of theft, making the vehicle less likely to result in a claim.

Vehicle Size and Type

Generally, larger vehicles like SUVs and trucks tend to have higher insurance rates due to their potential to cause more damage in accidents. However, they may offer better protection to occupants, potentially offsetting some costs.

Sports cars and luxury vehicles typically come with higher premiums. Their powerful engines and expensive parts contribute to increased repair costs and theft risk.

Minivans and family sedans often have lower insurance rates. These vehicles are associated with safer driving habits and are less likely to be involved in high-speed accidents.

Electric and hybrid vehicles may have mixed effects on insurance costs. While they’re often equipped with advanced safety features, their expensive batteries and specialized parts can increase repair costs.

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Benjamin Smith

Benjamin Smith is one of the managing editors of Moneyinc. Ben's been focusing on the auto and motorcycle sector since 2005. He's written over 1000 articles in the space and continues to learn about it each day. His favorite car is "any Bugatti" and he's a die hard Harley Davidson fan.

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