Car insurance is a significant cost for most drivers, and it’s no surprise that people are often searching for a great deal on car insurance. One way to save on car insurance is to purchase a car that is known to have lower insurance rates. In this article, we will discuss the top cars for cheap insurance and how you can save money on your car insurance premium.
What Cars Have Cheap Insurance?
Insurance companies use a wide range of factors to determine car insurance premiums, including the make and model of the car. Some cars have a reputation for being safer, more reliable, or cheaper to repair, which translates into lower insurance rates. Here are some of the top cars for cheap insurance:
Car Make and Model |
Insurance Average Annual Cost* |
|---|---|
Honda CR-V |
$1,314 |
Jeep Wrangler |
$1,334 |
Subaru Outback |
$1,335 |
Ford Escape |
$1,351 |
Toyota RAV4 |
$1,359 |
*Based on a single, 35-year-old male with a clean driving record and good credit. Actual rates may vary.
Honda CR-V
The Honda CR-V is a crossover SUV that has been popular with families for years. It is known for its reliability and safety features, which can help to lower insurance premiums. The CR-V also has a strong safety rating from the National Highway Traffic Safety Administration (NHTSA), making it a great choice for families.
In addition to its safety features, the Honda CR-V has a fuel-efficient engine, which can also help to lower insurance premiums. It is also a relatively affordable car, which can make it a great choice for those looking to save money on their car insurance.
If you’re in the market for a new car and want to save money on your car insurance, the Honda CR-V is definitely worth considering.
Jeep Wrangler
The Jeep Wrangler is a popular SUV that is known for its off-road capabilities and rugged design. While some may not consider the Wrangler to be an ideal family car, it does have a reputation for being safe and reliable, which can help to lower insurance premiums.
The Wrangler is also relatively affordable, making it a great choice for those looking to save money on their car insurance. Additionally, it has a strong resale value, which can help to keep insurance rates low in the long run.
If you’re looking for a reliable and affordable SUV that can help you save money on car insurance, the Jeep Wrangler is certainly worth considering.
Subaru Outback
The Subaru Outback is a wagon/SUV hybrid that has been a popular choice for families for years. It is known for its safety features and reliability, both of which can help to lower insurance premiums.
The Outback is also relatively fuel-efficient, which can help to further lower insurance rates. Additionally, it has a high resale value, which can help to keep insurance rates low over time.
If you’re in the market for a family car that can help you save money on car insurance, the Subaru Outback is definitely worth considering.
Ford Escape
The Ford Escape is a compact SUV that is known for its affordability and fuel efficiency. It also has a reputation for being reliable, which can help to lower insurance premiums.
The Escape is also relatively affordable, which can make it a great choice for those looking to save money on their car insurance. Additionally, it has a strong safety rating from the NHTSA, making it a great choice for families.
If you’re looking for an affordable and reliable SUV that can help you save money on car insurance, the Ford Escape is certainly worth considering.
Toyota RAV4
The Toyota RAV4 is a popular compact SUV that is known for its reliability and safety features. It has a strong safety rating from the NHTSA, which can help to lower insurance premiums.
The RAV4 is also relatively fuel-efficient, which can help to lower insurance rates. Additionally, it has a high resale value, which can help to keep insurance rates low over time.
If you’re looking for a reliable and fuel-efficient SUV that can help you save money on car insurance, the Toyota RAV4 is definitely worth considering.
How Can You Save Money on Car Insurance?
While purchasing a car with lower insurance rates is one way to save on car insurance, there are other steps you can take as well. Here are some tips for saving money on car insurance:
Shop Around
The cost of car insurance can vary widely between providers, so it’s important to shop around and compare rates. Get quotes from multiple insurance companies to find the best deal.
Bundle Your Policies
If you have multiple insurance policies, such as home and auto insurance, consider bundling them with one provider. This can often lead to a discount on your insurance rates.
Opt for a Higher Deductible
A higher deductible means you’ll pay more out of pocket in the event of an accident, but it also means lower insurance rates. Consider opting for a higher deductible if you’re looking to save money on car insurance.
Take Advantage of Discounts
Many insurance companies offer discounts for things like safe driving, good grades, or being a member of certain organizations. Be sure to ask your insurance provider about any discounts you may be eligible for.
Drive Safely
A clean driving record can go a long way towards lowering your insurance rates. Drive safely and obey all traffic laws to keep your insurance rates as low as possible.
FAQ
What factors influence car insurance rates?
Insurance companies use a variety of factors to determine car insurance rates, including your driving record, age, gender, location, and the make and model of your car.
How can I find the best deals on car insurance?
The best way to find the best deals on car insurance is to shop around and compare rates between providers. Get quotes from multiple insurers to find the best deal.
What types of discounts are available for car insurance?
Insurance companies offer a wide range of discounts, including safe driving discounts, good student discounts, multi-car discounts, and more. Be sure to ask your insurance provider about any discounts you may be eligible for.
Are there any other ways to save on car insurance?
Yes. In addition to purchasing a car with lower insurance rates, you can also save money on car insurance by bundling policies, taking advantage of discounts, and driving safely.
What should I do if I get into an accident?
If you get into an accident, be sure to exchange insurance information with the other driver and contact your insurance provider as soon as possible. Follow any instructions given to you by your insurance provider.
Can I change my car insurance provider?
Yes. You can switch car insurance providers at any time. However, be sure to compare rates and coverage options before making the switch.
In conclusion, purchasing a car with lower insurance rates is one way to save money on car insurance, but there are other steps you can take as well. Be sure to shop around, take advantage of discounts, and drive safely to keep your insurance rates as low as possible.