Learn about some of the least expensive cars to insure and affordable solutions to lower your auto insurance rates.
Buying a car is a big step; it’s a considerable investment whether you’re leasing it or purchasing the vehicle. Most people save for years until they can afford a sensible car. A car is a huge responsibility that comes with numerous risks. That’s why it’s essential to make sure your car is licensed and insured.
With any vehicle, there are always risks of body damage. Accidents, both big or small can happen; fender repair, dent repair, bumper repair, and possible collision repair costs can eat away at your finances. It can be considerably expensive to salvage the value of your car. Car insurance can be expensive, and insuring a leased car is even more costly!
Ideally, when putting your funds together for a car, you should save up enough to get insurance coverage. However, we understand that sometimes it’s simply not possible. The solution is not to skimp on insurance but to research cars that can be insured without breaking the bank.
Contrary to popular belief, cheap cars are not always cheap to insure. It varies from the car model and company. Don’t worry; you won’t have to go scouring the internet for this one; we have all the information you need right here!
What are the least expensive cars to insure?
Here are the five least expensive cars to insure, so you can still get a vehicle with insurance without emptying your bank account. We’ve picked out cars from various categories, so whether you need a family car or one for just yourself, we’ve got you covered.
1. Honda CR-V
Honda CR-V’s are typically reasonably priced and even cheaper to insure. If you don’t already know, Honda CR-Vs are small SUV-type cars. The average rate for insurance on a Honda CR-V is $2346 annually. That’s not bad, considering if you pay monthly, you’re only paying $195 a month. Onto the next!
2. Chrysler Pacifica
Chrysler Pacificas are fan-favorite cars, and we bet you know at least two people that own this vehicle. This is particularly good for families with children, given that it’s a minivan. The Chrysler Pacifica has everything you would typically look for in a minivan. And what’s better is that its insurance is affordable! The average rate for insurance on a Chrysler Pacifica is $2416.
3. Ford F-150
Ford F-150 is a pickup truck, and a pretty good one at that. Some of its models have reasonable costs in addition to their insurance being pretty affordable. Ford F-150s have an average annual insurance fee of $2471, which comes down to $205 a month.
4. Chevrolet Colorado
Chevrolet Colorados are small pickup trucks, perfect if a standard pickup truck is too heavy-duty for you. And yes, they’re named after the state of Colorado! The annual insurance fee for Chevrolet Colorados is $2562 on average, which means if you pay it off monthly, you pay $213 a month.
5. Ford Fiesta
Ford Fiestas are subcompact cars that are one of the most popular cars in the U.S, ranking no.7 in the top subcompact cars of 2020. The annual insurance fee for a Ford Fiesta is $2621 which comes down to $218 installments a month.
Who says you have to compromise on insurance to pay for a car? We say you can do both! We hope you found this list helpful and could find your category of choice in there!