Looking for ways to save money on car insurance premiums? Check out our article on the top 10 cheapest cars to insure in 2023, known for their affordability, reliability, and advanced safety features.

Why is it Important to Buy a Car that is Cheap to Insure?

Nowadays, owning a car has become a necessity rather than a luxury. However, the cost of owning a car can quickly add up, including car insurance premiums. The price of purchasing a new car has significantly increased since 2020. Inflation remains high, and car insurance rates are also rising in tandem.

Car insurance is a significant expense that all car owners must bear. Various factors, including the make and model of the car, can influence the cost of car insurance. If you’re looking to offset the rising costs, you might be considering cheaper car insurance options.

Therefore, choosing a car that is cheap to insure can significantly lower the cost of car ownership, particularly for young or new drivers who may already face high insurance premiums. While swapping out your current car for a cheaper one to save on insurance may seem extreme, it could be a perfect solution, especially if you’re already looking for a new or used car.

What are the Cheapest Cars to Insure?

It’s important to note that cars that are expensive to repair or have high theft rates can lead to higher insurance premiums. It’s worth emphasizing that car insurance is a legal requirement in most states, so finding ways to reduce the cost of car insurance can help ensure that you stay compliant with the law.

Here, we have compiled a list of the 10 cheapest cars to insure based on our analysis of average rates across 27 makes and models. For reference, the national average cost of full-coverage auto insurance is $2,014 per year.

1. Subaru Outback

The Subaru Outback is a midsize crossover SUV that is popular for its off-road capability, spacious interior, and safety features. It is a great choice for drivers who live in areas with harsh weather conditions. The Outback also has a reputation for being reliable and durable, which can help lower the cost of maintenance and repairs over time.

The cost of car insurance for a Subaru Outback can vary depending on several factors, including coverage level, driving history, the driver’s age, and location. However, on average, the annual insurance premium for a Subaru Outback is $1,603 for full coverage insurance.

2. Honda CR-V

The Honda CR-V is a popular compact crossover SUV known for its reliability, safety features, and fuel efficiency. The CR-V is also equipped with advanced driver assistance technologies, making it a safer choice on the road. Its excellent safety ratings can help lower car insurance premiums. The average annual premium for the Honda CR-V is $1,635 for full coverage insurance.

It’s important to keep in mind that insurance rates can vary significantly from one insurer to another, so it’s always a good idea to compare quotes from multiple insurance companies to find the best coverage at the most affordable price.

3. Honda Pilot

The Honda Pilot is a midsize SUV that offers a comfortable ride, practicality, and advanced features. Insurance companies typically consider midsize SUVs like the Honda Pilot low-risk vehicles due to their suitability and safety features. According to industry data, the average annual premium for car insurance for a Honda Pilot is around $1,726. This premium can vary based on several factors, including the driver’s age and driving record, the location of the vehicle, and the level of coverage.

4. Ford Escape

The Ford Escape is also one of the cheapest cars to insure. It is a versatile compact SUV with a comfortable ride, practicality, and advanced features. It is available with different powertrain options, including a hybrid, and offers ample cargo space, making it a great choice for families, commuters, and anyone looking for an efficient and reliable SUV. According to industry data, the average annual premium for car insurance for a Ford Escape is  $1,734. The premium can vary based on several factors, including the model year, trim level, and the driver’s age and driving record.

5. Honda Odyssey

The Honda Odyssey is a popular minivan that is known for its spacious interior, comfortable ride, and reliability. When it comes to car insurance, the average annual premium for a Honda Odyssey is $1,735. However, this can vary depending on the individual characteristics of the driver. For instance, a driver with a clean driving record and good credit history may pay cheap car insurance rates compared to a driver with a history of accidents and tickets. Additionally, higher coverage limits and deductibles lead to higher premiums. Overall, shopping around and comparing quotes from multiple insurance providers is important to find the best coverage and price for your Honda Odyssey.

6. Ford F-150

The Ford F-150 is a full-size pickup truck that has been a popular choice among consumers for decades. Known for its toughness, durability, and versatility, the F-150 offers a comfortable and spacious interior, advanced technology features, and modern safety amenities. As a result, the F-150 continues to be one of the top-selling vehicles in the United States.

The average annual car insurance premium for a Ford F-150 is $1,753, although this can vary based on individual driver factors. Overall, it’s important for F-150 owners to shop around and compare insurance quotes from multiple providers to find the best coverage and price for their specific needs.

7. Jeep Wrangler

The Jeep Wrangler is an iconic off-road vehicle that is known for its ruggedness and versatility. It is available in two-door and four-door configurations and offers advanced off-road capabilities. According to industry data, the average annual premium for car insurance for a Jeep Wrangler is around $1,820. The premium can vary based on several factors, including the driver’s age and driving record and the location of the vehicle.

8. GMC Sierra 1500

The GMC Sierra 1500 is a full-size pickup truck that offers excellent towing and hauling capabilities. According to industry data, the average annual premium for car insurance for a GMC Sierra 1500 is around $1,867. This premium can vary based on several factors, including the driver’s age and driving record, the vehicle’s location, and the coverage level.

9. Toyota RAV4

The Toyota RAV4 is a popular compact SUV that is well-known for its reliability, practicality, and efficiency. According to industry data, the average annual premium for car insurance for a Toyota RAV4 is around $1,869. This premium can vary based on several factors, including the driver’s age and driving record, the location of the vehicle, and the level of coverage. However, it is undoubtedly one of the cheapest cars to insure in 2023.

10. Nissan Rogue

The Nissan Rogue is a popular compact SUV with a comfortable ride, practicality, and advanced features. According to industry data, the average annual premium for car insurance for a Nissan Rogue is around $1,880. This premium can vary based on several factors, including the driver’s age and driving record, the location of the vehicle, and the level of coverage.

Final Takeaways

When it comes to car insurance, many factors can influence the cost, such as the driver’s age, driving record, location, and the car’s make and model. However, choosing a car that is cheap to insure can significantly lower the cost of your car insurance premiums. So if you’re in the market for a new car, our list of the top 10 cheapest cars to insure is worth considering.

Remember that while these cars may be cheaper to insure, shopping around for the best insurance rates and coverage that meet your needs is still essential. Through quote comparison sites like Rodney D Young Insurance, you can compare quotes from multiple insurance companies to find the best coverage at the most affordable price. Practicing safe driving habits and maintaining a good driving record can also help lower your insurance premiums. By taking these steps, you can save money on car insurance while still enjoying the convenience and independence of owning a car.