- Cheapest Cars To Insure VS Expensive Cars To Insure
- How to Get a Free Quote and Save!
- Why Does Car Type Matter When Insuring A Vehicle?
- 5 Cheapest Cars To Insure
- 5 Most Expensive Cars To Insure
- Is it cheaper to insure an older car?
- 5 Everyday Vehicles To Insure
- Cheapest Cars To Insure: The Bottom Line
- Cheapest Cars to Insure for First Time Drivers
- Cheapest Cars to Insure for a Teenager
- Frequently Asked Questions about [cheapest cars to insure]
- What factors determine the cheapest cars to insure?
- How can A Plus Insurance help me find the cheapest car insurance rates?
- Questions about the cheapest cars to insure? Call us at 1.888.445.2793.
- What We Do at A Plus Insurance
You’ve done your research and decided which vehicle suits you best, but did you know that depending on which vehicle you get impacts your insurance cost? That shiny new toy could be costing you more than you realize! Before purchasing a vehicle, it’s always best to find out how much it cost to insure it.
How to Get a Free Quote and Save!
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Contact Us
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Why Does Car Type Matter When Insuring A Vehicle?
What makes a vehicle cheaper to insure? What makes it more expensive? Really, It all boils down to the risk factor. There are a few reason’s why different vehicles have different insurance costs. A few key factors are:
Vehicle Value: The cost of the vehicle plays a role in the cost of an insurance premium. Why? A more expensive car most likely cost more to repair or replace compared to a cheaper vehicle.
Vehicle Type and Model: Different type of vehicles have different risk profiles. Sports cars and luxury cars, for example, tend to have a higher premium due to their higher performance level.
Vehicle Theft Rates: Some Make and Model Vehicle are more likely to get stolen then others based on current statistics. This would increase the risk, therefore increase the premium.
Size Matters: The bigger the vehicle, the more damage is likely to be done on the road.
Car Parts: Even a vehicle that seems like it would be cheaper to insure may have a higher premium due to the difficulty in repairing or replacing parts after an accident.
Low Safety Ratings: This might mean an accident is more likely to occur with a higher likelihood of injury.
5 Cheapest Cars To Insure
What constitutes as a “cheap car”? Hint: It’s not the price tag. The cheapest new vehicle to buy new out of 2024 is the new 2024 Nissan Versa, however, notice that is not the cheapest car to insure as shown listed in the box below.
Make/Model | Average Annual Cost |
Mazda CX-5 | $1,386 |
Subaru Forester | $1,261 |
Honda HR-V | $1,354 |
Chevrolet Trailblazer | $1,633 |
Jeep Compass | $1,324 |
5 Most Expensive Cars To Insure
Obviously these vehicles listed below are more likely to be owned by those who have a little extra cash in the wallet, not your common everyday folk. But this is still something to keep in mind if any one of these vehicles are your dream car you are set on buying one day in the future!
Make/Model | Average Annual Cost |
Maserati Quattroporte | $4,890 |
Audi R8 | $3,112 |
BMW i8 | $4,873 |
Mercedes-AMG GT | $3,394 |
Nissan GT-R | $3,404 |
Is it cheaper to insure an older car?
Is it cheaper to insure an older car?
When considering the cheapest cars to insure, many drivers wonder if older vehicles offer lower insurance premiums. In some cases, insuring an older car can indeed be more cost-effective. Older cars typically have lower market values, which means lower collision and comprehensive coverage costs. Additionally, older cars may not require certain types of coverage, such as gap insurance, which can further reduce premiums.
Factors to Consider:
- Depreciation: Older cars have lower market values, leading to lower insurance premiums.
- Repair Costs: Older cars may have cheaper repair costs, reducing the likelihood of filing expensive claims.
- Coverage Needs: Older cars may not require certain types of coverage, such as collision or comprehensive, depending on their value and condition.
Before deciding to insure an older car, it’s essential to consider factors such as the vehicle’s safety features, reliability, and your budget for potential repairs. While older cars may offer lower insurance premiums, it’s crucial to balance cost savings with adequate coverage to protect yourself on the road.
5 Everyday Vehicles To Insure
We’ve discussed the cheapest and the most expensive vehicles out there to insure, but what about the most popular that are on the road today?
Make/Model | Average Annual Cost |
Honda Accord | $1,782 |
Ford F-Series Pickup | $1,753 |
Honda Civic | $1876 |
Toyota Camry | $1,678 |
Nissan Altima | $1,882 |
Cheapest Cars To Insure: The Bottom Line
Before purchasing a vehicle, you should find out exactly how much it will be for you to insure it – that way there are no surprises and you can enjoy your brand new vehicle guilt-free!
Note: Other vehicles that didn’t make the list today include Tesla for a yearly average of $3,947, Dodge Charger with a yearly average of $2,824, and Dodge Challenger with a yearly average of $2,660. These cars have a higher premium rate compared to other makes and models.
Because of a recent tiktok challenge, Kia’s and Hyundai’s are now considered high risk for due to higher theft rates. To learn more about this, click here.
Cheapest Cars to Insure for First Time Drivers
- Compact Cars: Smaller, less powerful cars are generally cheaper to insure.
- Safety Features: Cars with advanced safety features may qualify for discounts.
- Used Cars: Older cars are often less expensive to insure than brand new ones.
- Low Horsepower: Cars with lower horsepower are typically cheaper to insure.
- Good Crash Test Ratings: Vehicles with high safety ratings may result in lower insurance premiums.
Popular models that have been known for affordability in insurance for first-time drivers include the Honda Fit, Ford Fiesta, and Toyota Prius. However, it’s crucial to check with insurance providers for the most accurate and up-to-date information based on your specific circumstances.
Cheapest Cars to Insure for a Teenager
Finding the cheapest cars to insure for a teenager involves considering factors like the car’s size, safety features, and overall cost. Insurance rates can vary based on location, driving record, and coverage options. Here are some general tips and examples of cars that are often considered more affordable for teenage drivers:
- Compact Cars: Smaller cars generally have lower insurance premiums. Examples include Honda Fit, Ford Fiesta, and Chevrolet Sonic.
- Sedans: Mid-sized sedans can be cost-effective to insure. Consider models like Toyota Corolla, Honda Civic, or Ford Focus.
- Used Cars: Older cars are usually cheaper to insure than brand new ones. Look for reliable used cars with good safety ratings.
- Safety Features: Cars equipped with advanced safety features may qualify for insurance discounts. Check for features like airbags, anti-lock brakes, and stability control.
- Low Horsepower: Cars with lower horsepower tend to have lower insurance costs. Avoid high-performance or sports cars.
- Good Crash Test Ratings: Vehicles with high safety ratings can contribute to lower insurance premiums. Check crash test results from organizations like IIHS and NHTSA.
Remember to obtain insurance quotes from multiple providers, as rates can vary. Additionally, consider factors like the teenager’s driving record, location, and the level of coverage needed. It’s essential to balance affordability with safety when choosing a car for a teenage driver.
Criteria for Determining Eligibility for Home and Auto Insurance Discounts
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Good Credit Score
A good credit score is one of the top criteria for determining eligibility for insurance discounts. Insurers often provide lower rates to individuals with strong credit histories, as it indicates responsible financial behavior.
Key Benefit: Eligible for up to 20% in premium discounts.
Call us at 1.888.445.2793 to check if your credit score qualifies you for discounts. Text Us -
Safe Driving Record
Maintaining a clean driving record is crucial for unlocking auto insurance discounts. Drivers with no accidents or violations in the last three to five years often qualify for reduced rates.
Key Benefit: Potential savings of up to 30% for safe drivers.
Call us at 1.888.445.2793 to see how much you could save. Text Us -
Claims-Free History
If you have not filed any claims in recent years, you may be eligible for claims-free discounts on both home and auto insurance. Insurers reward customers who have a low risk of filing claims.
Key Benefit: Save up to 15% on premiums.
Call us at 1.888.445.2793 to find out if your claims-free status qualifies you for discounts. Text Us -
Home Safety Features
Installing safety features such as smoke detectors, burglar alarms, and fire sprinklers can help lower your home insurance premiums. These features reduce the risk for insurers, which translates into discounts for homeowners.
Key Benefit: Discounts of up to 10% for home safety improvements.
Call us at 1.888.445.2793 to discuss which safety features qualify. Text Us
Frequently Asked Questions about [cheapest cars to insure]
What factors determine the cheapest cars to insure?
Several factors influence the cost of insurance for a car, including safety ratings, repair costs, theft rates, and the car’s overall value. A Plus Insurance can provide insights into which cars are likely to have lower insurance premiums.
How can A Plus Insurance help me find the cheapest car insurance rates?
A Plus Insurance shops multiple carriers to find you the most affordable car insurance rates. Our team compares options to ensure you get the coverage you need at the best rates available in the market.
Questions about the cheapest cars to insure? Call us at 1.888.445.2793.
If you have specific questions or need assistance with finding the cheapest cars to insure, call us at 1.888.445.2793. Our dedicated team is ready to provide expert guidance and support tailored to your insurance needs.
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Last Updated on by Marlon Moss