Cheapest Cars To Insure: Best Rates (2022 Guide)

There are many factors that affect which car is the cheapest to insure. These determining factors include vehicle details, auto insurance coverage options, and your personal driving profile. In the following sections we’ll break down all the possible factors that would go into determining car insurance premiums and how you can lower them.

vehicle factors that affect auto insurance rates

Even if you don’t select one of the cheaper models listed above, it’s possible to find affordable rates. Below, we’ll look at the critical elements auto insurance companies consider when setting coverage premiums.

• vehicle age: Most people assume that older cars get cheaper auto insurance coverage, but that’s not always the case. some new cars receive lower premiums due to added safety features, though this is often balanced by higher repair costs.
• vehicle type: small SUVs and minivans They generally receive lower auto insurance while sedans and large SUVs cost more to insure. it’s hard to find cheap auto insurance for those with trucks, electric vehicles, luxury models, and sports cars.
• trim level – The better the trim level of your car, the more expensive your car coverage will likely be. That’s because premium models have features that cost more to replace.
• safety features: If your car performs well in the National Safety Administration’s safety tests road insurance and the insurance institute for highway safety will likely have lower rates. Safety features like airbags, anti-lock brakes, and seat belts will also lower your car insurance costs.
• car theft rates: certain models Automobiles are stolen more often than others, according to an annual study by the National Insurance Crime Bureau (NICB). Vehicles that are often targeted by thieves are likely to have more expensive auto insurance policies.

options that affect auto insurance rates

Certain decisions a driver makes can influence the cost of their car insurance. Here’s a look at some of those factors:

• level of coverage – Your minimum vehicle coverage will cost less than full coverage auto insurance. however, you will receive very little protection for your car in the event of an accident if you opt for the state’s minimum coverage limit.
• deductible amount – Those with high deductibles receive lower rates for car insurance, but they also pay more out of pocket when damage occurs.
• combination policies: You may pay a lower price if you purchase other types of insurance, such as homeowners or renters, under the same policy as your auto coverage.
• annual mileage: insurance companies often charge lower rates to policyholders who don’t drive both because they spend less time on the road making them less prone to accidents.

personal factors that affect car insurance rates

Even cars with the cheapest auto insurance rates can be expensive to insure if personal factors indicate you’re a high-risk driver. Here are some characteristics that often lead drivers to increase auto insurance premiums:

• driving record: If your driving record contains a recent accident, speeding ticket, or DUI, expect to pay a lot more for car insurance. the cheapest fares are generally awarded to those with no recent traffic violations or insurance claims.
• age, gender, and marital status: teen drivers, young drivers who are male, and single of both sexes tend to pay more for auto insurance. as men age 20, rates drop and level off with what women drivers pay.
• credit score: Those with poor credit receive quotes from extremely high car insurance because providers consider them to be high-risk drivers. drivers with low credit scores often pay even higher rates than those with speeding tickets and at-fault accidents.
• location: You’ll pay more if you live in an area with high crime, increased rates of uninsured driving, or a large number of accidents. Those in urban areas like New York City or Southern California generally pay higher rates than residents of rural regions.

having good credit and a clean driving record can make it easier to get affordable auto insurance. While cars with the cheapest auto insurance rates may have lower costs, coverage is likely to cost more than the national average if your record indicates potential risks.

auto insurance discounts to help lower rates

You may find cheaper premiums by carefully considering auto insurance discounts offered by providers. Here’s a look at some ways policyholders can save money.