Cars Cheap on Insurance: A Guide for Drivers

Car insurance can be expensive, especially if you own a car that is considered high risk. However, there are cars that are cheap on insurance, making it easier for drivers to save money on their premiums. In this article, we will discuss some of the cheapest cars to insure and what factors contribute to lower insurance premiums.

What Makes a Car Cheap on Insurance?

Cars that are cheap on insurance typically fall into the following categories:

• Safety: Cars that have a high safety rating and are equipped with safety features like airbags and anti-lock brakes are less likely to be involved in accidents, which lowers the risk for insurance companies.
• Low Cost: Cars that are inexpensive to repair or replace are cheaper to insure. This is because insurance companies will have to pay less in the event of a claim.
• Low Risk: Cars that are less likely to be stolen or damaged are cheaper to insure. If a car is stolen or damaged frequently, insurance companies will have to pay more claims, which increases the cost of insurance.

Safety Ratings

Safety ratings are determined by organizations like the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). These organizations evaluate cars based on crash tests and other safety features, such as anti-lock brakes, stability control, and airbags. Cars that receive high safety ratings are typically cheaper to insure because they are less likely to be involved in accidents.

Some of the cars with the highest safety ratings include:

Cars with Low Cost of Repair

Cars that are inexpensive to repair or replace are cheaper to insure. This is because insurance companies will have to pay less in the event of a claim.

Some of the cars with a low cost of repair include:

Cars with Low Risk of Theft or Damage

Cars that are less likely to be stolen or damaged are cheaper to insure. If a car is stolen or damaged frequently, insurance companies will have to pay more claims, which increases the cost of insurance.

Some of the cars with a low risk of theft or damage include:

Top 10 Cheap Cars to Insure

Based on the factors we discussed above, here are the top 10 cars that are cheap on insurance:

1. Honda Civic: The Honda Civic is known for its safety features, which makes it one of the cheapest cars to insure.
2. Toyota Camry: The Toyota Camry is a reliable car with high safety ratings, which contributes to its low insurance premiums.
3. Subaru Outback: The Subaru Outback is a crossover SUV that is popular for its safety features and low cost of repair.
4. Volvo S90: The Volvo S90 is a luxury car that is equipped with several safety features, which makes it a safe and cheap car to insure.
5. Toyota Corolla: The Toyota Corolla is a compact car that is affordable and has a low cost of repair.
6. Subaru Crosstrek: The Subaru Crosstrek is a crossover SUV that is known for its safety features and low risk of theft and damage.
7. Honda Fit: The Honda Fit is a small car that is affordable and has a low cost of repair.
8. Toyota RAV4: The Toyota RAV4 is a crossover SUV that is reliable and has a low cost of repair.
9. Subaru Forester: The Subaru Forester is a crossover SUV that is popular for its safety features and low cost of repair.
10. Jeep Cherokee: The Jeep Cherokee is a crossover SUV that is equipped with several safety features and has a low risk of theft and damage.

Frequently Asked Questions

What factors affect the cost of car insurance?

The cost of car insurance is affected by several factors, including your driving record, age, gender, location, type of car, and coverage amount. Insurance companies use these factors to determine your risk level and calculate your premiums.

Are newer cars more expensive to insure?

Newer cars may be more expensive to insure because they are more expensive to repair or replace. However, newer cars may also come equipped with advanced safety features, which can help lower insurance premiums.

Can I lower my car insurance premiums?

Yes, you can lower your car insurance premiums by taking advantage of discounts, such as safe driver discounts, multi-car discounts, and good student discounts. You can also raise your deductibles or adjust your coverage amounts to reduce your premiums.

What is liability insurance?

Liability insurance is a type of car insurance that covers damages you may cause to other people or their property while driving. This includes injuries, medical expenses, and property damage. Liability insurance is required in most states.

What is comprehensive insurance?

Comprehensive insurance is a type of car insurance that covers damages to your car that are not caused by a collision. This includes theft, vandalism, natural disasters, and animal collisions. Comprehensive insurance is optional, but may be required if you are financing your car.

What is collision insurance?

Collision insurance is a type of car insurance that covers damages to your car in the event of a collision. This includes damages caused by other drivers or objects, such as trees or poles. Collision insurance is optional, but may be required if you are financing your car.

In conclusion, there are several cars that are cheap on insurance due to their safety features, low cost of repair, and low risk of theft or damage. When shopping for car insurance, it is important to consider these factors and choose a car that will help you save money on your premiums.