Cars That Have The Lowest Insurance Rates


cars with coins in front of them

If you are in the market for a new car, one of the most important things you’ll need to figure out is the cost of insurance for your new vehicle. With a little research, you can get a good handle on cars with the lowest insurance rates.

According to the industry statistics, mid-sized cars, mini-vans, and many SUV’s are typically the cheapest cars to insure. The following vehicles were considered the top 10 cheapest to insure for 2019:

  • Honda Odyssey LX
  • Jeep Wrangler Sport
  • Subaru Outback 2.5i
  • Mazda CX-3 Sport
  • Honda HR-V LX
  • Honda CR-V LX
  • Jeep Renegade Sport
  • Ford Escape S
  • Subaru Forester 2.5i
  • Jeep Compass Sport

For 2020, the top 5 cheapest cars to insure include:

  • Subaru Outback            
  • Chevy Colorado
  • Ford Escape                  
  • Fiat 500X                       
  • Subaru Crosstrek

Do you want to know why the Subaru Outback is considered the car with cheapest insurance rate? Look no further than the fact that it’s a family vehicle. These types of cars are driven by cautious drivers who typically won’t partake in risky driving maneuvers and these types of cars have high safety ratings. Therefore, they won’t have a big claims history.

What Affects Car Insurance Premiums?

It’s important to understand that insurance companies look at more than the year, make, and model of your car to figure out what the auto insurance price will be. There are many factors that are used to determine your car insurance premiums. Before we move on to the car, let’s start with the driver. The following factors are some that are typically taken into consideration:

  • Age
  • Gender
  • Marital Status
  • City of Residence
  • Driving Record
  • Driving Experience in Years

As far as the vehicle, car insurance companies will first look at the year, make, and model of the car. Next, they take into account some of the following factors:

Vehicle Use and Yearly Mileage. If you use your car to simply drive a short commute to work, as opposed to a long commute and many miles on the road making sales calls, the insurance company you choose wants to know. 

Value of the Car. Newer cars will cost more to repair than older cars, and more expensive cars will cost more than cheaper cars to fix. The value of your car is an important factor for your insurance rate.

Performance of the Car. A high performing, fast sports car is more likely to be involved in some type of claim as opposed to a family sedan. Therefore, a cheaper insurance rate would likely be in store for the sedan.

Car Security System. Vehicles that include built-in security features by the manufacturer, such as alarms and highly-secure locks, will be cheaper to insure than cars without any built-in security.

Coverages and Deductible. The amount of coverage you choose, whether full coverage or limited, will affect your insurance premium. In addition, if you choose a higher deductible, that should decrease your rate.   

When you’re looking to buy a new car, there are many factors you need to consider if you’re looking to get the cheapest insurance. Your monthly car insurance premium is a major part of the insurance cost that comes with a new car and, with a little research, you will know the best vehicles to purchase when it comes to car insurance. 

If you need help while you’re car shopping, just call 773-202-5000 and speak with one of the licensed insurance representatives at United Auto Insurance.  We’ll be happy to help you determine the cost of insuring your car – BEFORE YOU BUY!  We’ve got you covered!