Buying a car is a big financial decision. It’s not just about the purchase price of the car, but also about the ongoing expenses that come with owning a car, such as gas, maintenance, and insurance costs. One of the most significant ongoing expenses is car insurance. The cost of car insurance varies depending on different factors, such as the driver’s age, driving record, and the type of car they own. Some cars are cheaper to insure than others. In this article, we will explore the cheapest cars to insure in 2021.
What affects car insurance rates?
Before we dive into the cheapest cars to insure, it’s important to understand what factors influence car insurance rates. Apart from the type of car you own, several other factors contribute to how much you pay for car insurance, including:
Factors Affecting Car Insurance Rates |
Description |
Age |
Younger drivers usually pay higher premiums than older drivers, especially those under 25 years old. |
Driving Record |
Drivers with a history of accidents or traffic violations pay more for insurance than drivers with a clean record. |
Location |
Insurance rates vary by state and even by ZIP code. Urban areas tend to have higher rates than rural areas. |
Credit Score |
Insurance companies may use your credit score to determine your insurance rates. A lower score can result in higher premiums. |
Car Make and Model |
The type of car you drive and its safety features can impact your insurance rates. |
What are the cheapest cars to insure?
When it comes to finding the cheapest cars to insure, it’s not just about the sticker price. Insurance companies look at a variety of factors when determining insurance rates, including the car’s safety rating, repair costs, and theft rate. Here are some of the cheapest cars to insure in 2021:
1. Honda CR-V
The Honda CR-V is a popular SUV that’s known for its reliability and safety features. It’s not only an affordable car to purchase, but it’s also one of the cheapest cars to insure. According to data from Insure.com, the average annual insurance premium for a Honda CR-V is $1,356.
2. Subaru Outback
The Subaru Outback is another popular SUV that’s a great choice for families. Its high safety ratings and low theft rate make it an excellent option for those looking for affordable car insurance. The average annual insurance premium for a Subaru Outback is $1,392.
3. Jeep Wrangler
The Jeep Wrangler is an iconic SUV that’s perfect for off-roading enthusiasts. Despite its ruggedness, the Jeep Wrangler is surprisingly cheap to insure. The average annual insurance premium for a Jeep Wrangler is $1,416.
4. Honda Civic
The Honda Civic is a popular car that’s known for its fuel efficiency and affordability. It’s also one of the cheapest cars to insure, with an average annual insurance premium of $1,447.
5. Mazda CX-3
The Mazda CX-3 is a subcompact SUV that’s a great choice for those looking for a car that’s easy to maneuver around town. It’s also one of the cheapest cars to insure, with an average annual insurance premium of $1,435.
FAQs
1. What is the cheapest car to insure overall?
The cheapest car to insure overall is the Subaru Outback, with an average annual insurance premium of $1,392.
2. Why are some cars cheaper to insure than others?
Some cars are cheaper to insure because they have high safety ratings, low repair costs, and a low theft rate. Insurance companies base their premiums on the likelihood of an accident or theft occurring.
3. Can I lower my insurance rates?
There are several things you can do to lower your insurance rates, such as maintaining a clean driving record, improving your credit score, and taking advantage of discounts offered by your insurance company.
4. Should I buy a car based on insurance costs?
While insurance costs are an important factor to consider when buying a car, they should not be the only factor. You should also consider your budget, driving needs, and personal preferences.
5. How can I compare insurance rates for different cars?
You can compare insurance rates for different cars by getting quotes from multiple insurance companies. You can also use online tools that allow you to compare insurance rates for different makes and models.
In conclusion, buying a car is not just about finding the cheapest price tag. You should also consider the ongoing expenses that come with owning a car, such as insurance costs. By choosing a car that’s cheap to insure, you can save money in the long run. When shopping around for car insurance, remember to compare rates from multiple companies to find the best deal.
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