Cheapest Cars to Insure For Teens – The Cheapest Cars to Insure in 2020

Are you looking for the cheapest cars to buy and haven’t seen any? We would provide you with all the cheapest cars in 2020, just in case you want to buy it.

The Honda CR-V, Chrysler Pacifica, and Honda Odyssey are the cheapest cars to insure, offering annual savings of more than $1,000 compared to the most expensive models.cheapest Cars to Insure For teens

Auto insurance costs are higher for certain vehicles for a variety of reasons a car having high repair costs, a poor safety record or few anti-theft features will likely cost more to cover.

What is the Least Expensive Car to Insure?

We found discovered that the Honda CR-V was the cheapest car to insure out of the 50 vehicles we considered, with an annual auto insurance cost of $2,346.

This is 22% less than the average yearly premiums across all of the vehicles we surveyed. Furthermore, the CR-V’s insurance costs were $2,397 less per year than the most expensive car to insure the Tesla Model S.

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Rank Car name Type of car Vehicle price Annual auto insurance rate
1 Honda CR-V Small SUV $25,102 $2,346
2 Chrysler Pacifica Minivan $21,996 $2,416
3 Honda Odyssey Minivan $26,391 $2,457
4 Ford F-Series Standard Pick-up Truck $22,849 $2,471
5 Toyota RAV4 Small SUV $20,257 $2,475
6 Chevrolet Equinox Small SUV $19,837 $2,560
7 Chevrolet Colorado Small Pick-up Truck $17,816 $2,562
8 Toyota Tundra Standard Pick-up Truck $29,920 $2,577
9 Honda Ridgeline Small Pick-up Truck $27,226 $2,611
10 Ford Fiesta Subcompact Car $12,063 $2,621
11 (tie) Dodge Grand Caravan Minivan $20,175 $2,634
11 (tie) GMC Canyon Small Pick-up Truck $24,446 $2,634
13 Toyota Tacoma Small Pick-up Truck $22,749 $2,670
14 Nissan Frontier Small Pick-up Truck $25,992 $2,687
15 Kia Sedona Minivan $22,877 $2,699
16 Honda Fit Station Wagon $17,760 $2,720
17 Toyota Sienna Minivan $25,189 $2,746
18 Ford Escape Small SUV $17,710 $2,834
19 Chevrolet Cruze Compact Car $14,849 $2,841
20 Chevrolet Tahoe Standard SUV $39,568 $2,888
21 Honda HR-V Station Wagon $20,679 $2,931
22 GMC Sierra Standard Pick-up Truck $23,357 $2,937
23 Ram Pickup Standard Pick-up Truck $20,157 $2,998
24 Chevrolet Impala Large Sedan $21,193 $3,001
25 Toyota Camry Midsize Sedan $20,147 $3,036
26 Honda Accord Midsize Sedan $23,561 $3,042
27 Honda Civic Compact Car $19,601 $3,042
28 Chevrolet Silverado Standard Pick-up Truck $24,773 $3,057
29 Nissan Sentra Midsize Sedan $13,475 $3,059
30 Chevrolet Traverse Standard SUV $28,009 $3,072
31 Ford Focus Compact Car $13,140 $3,083
32 Volkswagen Jetta Compact Car $14,754 $3,109
33 Kia Soul Station Wagon $15,186 $3,114
34 Chevrolet Camaro Subcompact Car $20,875 $3,141
35 Toyota Corolla Midsize Sedan $15,651 $3,164
36 Ford Taurus Large Sedan $18,123 $3,173
37 Nissan Murano Station Wagon $23,949 $3,188
38 Nissan Rogue Station Wagon $18,969 $3,193
39 Chrysler 300 Large Sedan $21,029 $3,268
40 Nissan Altima Midsize Sedan $16,824 $3,269
41 Toyota Highlander Small SUV $29,207 $3,283
42 Jeep Grand Cherokee Standard SUV $26,125 $3,347
43 Toyota 4Runner Standard SUV $31,467 $3,355
44 Dodge Charger Large Sedan $22,760 $3,378
45 Ford Mustang Subcompact Car $22,218 $3,485
46 Nissan Versa Compact Car $11,947 $3,525
47 Ford Explorer Standard SUV $28,322 $3,587
48 Mercedes-Benz C-Class Subcompact Car $34,752 $4,122
49 Mercedes-Benz E / CLS-Class Subcompact Car $48,694 $4,129
50 Tesla Model S Large Sedan $69,184 $4,743
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Vehicles with values between $25,000 and $30,000 actually had the lowest auto insurance rates at $2,871 per year on average 6% less than the cheapest cars with values between $10,000 and $15,000.

However, the most expensive cars with values of more than $30,000 did cost the most to insure, with annual car insurance premiums of $3,847.

Cheapest cars to insure by car type

Car shoppers are likely to have a specific type of car in mind when buying a new vehicle, whether they are looking to buy an SUV or a minivan.

Here are the most affordable models to insure for every car type we looked at.

  Car type Cheapest model Average yearly rate
  Small SUV Honda CR-V $2,346
  Minivan Chrysler Pacifica $2,416
  Standard Pick-up Truck Ford F-150 $2,471
  Small Pick-up Truck Chevrolet Colorado $2,562
  Subcompact Cars Ford Fiesta $2,621
  Station Wagon Honda Fit $2,720
  Compact Car Chevrolet Cruze $2,841
  Standard SUV Chevrolet Tahoe $2,888
  Large Sedans Chevrolet Impala $3,001
  Midsize Sedans Toyota Camry $3,036

Which car make is the least expensive to insure?

Before we talk about the Cheapest Cars to Insure For Teens, we must talk about the costly one. Americans have a large list of car makes, or brands, to choose from when it comes to shopping for a car. Our analysis found that certain car makes tend to skew a bit more expensive than others. For example, we found Honda and GMC vehicles tended to be cheaper to insure than luxury brands such as Mercedes and Tesla

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Rank Make Average

yearly rate

1 Honda $2,736
2 GMC $2,785
3 Chrysler $2,842
4 Chevrolet $2,890
5 Kia $2,907
6 Toyota $2,913
7 Ram $2,998
8 Dodge $3,006
9 Ford $3,036
10 Volkswagen $3,109
11 Nissan $3,153
12 Jeep $3,347
13 Mercedes-Benz $4,125
14 Tesla $4,743

The cheapest car type to insure

Conventional wisdom says that large or fast vehicles are usually more expensive to insure. Interestingly, however, a standard size pickup truck actually proved to be cheaper on average to insure than compact cars.

Below you can see which types of car are usually cheaper to insure:

Rank Type of car Average

 yearly rate

1 Minivan $2,590
2 Small Pick-up Truck $2,633
3 Small SUV $2,700
4 Standard Pick-up Truck $2,808
5 Station Wagon $3,029
6 Midsize Sedan $3,114
7 Compact Car $3,120
8 Standard SUV $3,250
9 Subcompact Car $3,500
10 Large Sedan $3,513

Why does the car you drive affect your insurance rates?

Insurers set their prices based on how likely they predict that a driver of a certain vehicle will get into an accident or file a claim. If drivers of a particular model file claim at a high rate, then everyone who drives that car even if they themselves have a good driving record will have to pay more. This is why sports cars, that are more likely to be involved in accidents because of their high performance, often are expensive to insure.

Vehicles that cost more to repair or have high market values will also often have higher insurance rates. This is because insurance companies will anticipate having to pay out more for any comprehensive and collision insurance claims which cover the cost to repair or replace your vehicle for high-cost cars. Because of this heightened risk for insurers, they increase premiums.

Lastly, car theft also plays a role in your rates. Some cars get stolen more than others, so if you are driving one of those cars your rates are probably going to be higher. However, drivers should keep in mind that there are many other factors at play that impact auto insurance rates, such as age.

Conclusion

We gathered quotes from the four largest insurers State Farm, Progressive, GEICO, and Allstate for a 30-year-old male with a clean driving record living in each of the four largest metropolitan areas in the U.S.: New York, Los Angeles, Chicago, and Dallas.

The insurance prices represent the total cost for full coverage policies with liability coverage limits above the state minimums. Average car values were obtained from CarGurus and car types are based on the EPA’s vehicle size designations.

 

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