The 20 Cheapest Cars To Insure And The 5 Most Expensive

Buying a new car is a fun adventure for all drivers. You may think you’re getting a great deal on a new car, but is it expensive to insure? The cost of the vehicle, gas, cost of added features, license and registration costs- plus that pesky car insurance. Car insurance can dramatically change the price of your vehicle. Plus, if you are financing your car, you’ll likely be required to carry full coverage insurance rather than just liability.

The cheapest cars to insure are largely SUVs and midsize vehicles. A 2019 Insure.com study put together a comprehensive list of the top 20 cheapest cars to insure:

  1. Honda Odyssey LX, annual cost to insure: $1,298
  2. Jeep Wrangler Sport, annual cost to insure: $1,304
  3. Subaru Outback 2.5i, annual cost to insure: $1,306
  4. Mazda CX-3 Sport, annual cost to insure: $1,307
  5. Honda HR-V LX, annual cost to insure: $1,325
  6. Honda CR-V LX, annual cost to insure: $1,333
  7. Jeep Renegade Sport, annual cost to insure: $1,338
  8. Ford Escape S, annual cost to insure: $1,344
  9. Subaru Forester 2.5i, annual cost to insure: $1,347
  10. Jeep Compass Sport, annual cost to insure: $1,349
  11. Mazda CX-5 Sport, annual cost to insure: $1,352
  12. Subaru Crosstrek, annual cost to insure: $1,353
  13. Buick Encore 1SV, annual cost to insure: $1,354
  14. Honda Fit LX w/ Honda Sensing, annual cost to insure: $1,358
  15. Nissan Frontier S, annual cost to insure: $1,361
  16. Jeep Cherokee Latitude, annual cost to insure: $1,361
  17. Dodge Grand Caravan SE, annual cost to insure: $1,363
  18. Ford Transit Connect SL, annual cost to insure: $1,366
  19. GMC Canyon SL, annual cost to insure: $1,369
  20. Chevrolet Traverse L , annual cost to insure: $1,374

That same Insure.com study also discovered the 5 most expensive cars to insure. If you’re on a tight budget, these are the new cars that you need to avoid purchasing:

  1. Nissan GT-R, annual cost to insure: $3,941
  2. Mercedes Maybach S650, annual cost to insure: $3,917
  3. Porsche Panamera, annual cost to insure: $3,887
  4. Mercedes AMG GT R, annual cost to insure: $3,751
  5. BMW M760i xDrive, annual cost to insure: $3,705

There are a number of factors that determine your insurance premiums, in addition to the type of car you drive. Some other factors include:

  • Driving history
  • Driving activity
  • Vehicle size
  • Vehicle safety rating
  • Anti-theft/safety devices
  • Where you live
  • Age, gender and marital status
  • Credit history, in some places

Your policy options will play a significant factor in your premiums as well. The higher your deductible, the lower your insurance premiums. You may have a maximum limit on what your deductible can be depending on your auto lender. 

The most expensive cars to insure are sports and luxury cars. The smaller your car, the more expensive the insurance rates. This has a lot to do with safety ratings. Some cars to avoid if you’re looking for the cheapest cars to insure:

  • High-end, luxury cars
  • Sports cars
  • Exorbitantly expensive cars
  • Cars with specialty parts
  • Vehicles with low safety ratings

FAQ’S:

  • The cheapest car to insure is typically the Honda Odyssey LX
  • Luxury and sports cars tend to be more expensive when it comes to insurance- SUV’s tend to have better safety ratings
  • Your personal information, driving record and, in some states, your credit history, will all impact your car insurance rates.
  • Depending on who is at fault and how much damage was done, you may still be able to get cheap car insurance after an accident

Click here to read the full Insure.com report on 2019’s most and least expensive vehicles to insure.