The Cheapest Cars to Insure in 2024 – Bankrate.com

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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.
Amelia Buckley is an insurance editor, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions.
Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .
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Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .
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Compare rates and save on auto insurance today!
When shopping for a large purchase, like a car, it’s not surprising that consumers want to find the best deals. When trying to budget for a vehicle, you probably consider the overall price, especially if you plan to get a loan. You might also consider the resale value and the fuel efficiency, given the higher cost of gasoline. But not everyone considers insurance costs. Some vehicles cost more to insure than others and over time, insurance rates can add up. Bankrate assessed auto insurance rates for the most popular car models to determine the cheapest cars to insure.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
If you were hoping for car insurance costs to dip in 2024, you may be out of luck. Bankrate’s analysis predicts that the cost of auto insurance in 2024 will continue to increase. While that may be disheartening to hear, that may not be the case for all vehicles. Car insurance costs vary based on the make and model of the vehicle you drive, and some models are significantly cheaper to insure than others. While buying a different vehicle to get cheaper car insurance may seem like a drastic step, it could be a practical one, especially if you’re already in the market for a new or new-to-you ride.
Below, we showcase the 10 cheapest cars to insure based on our assessment of average rates for 27 vehicle makes and models. For comparison, the national average cost of car insurance is $2,014 per year for full coverage. We’ve included the average full coverage premium, as well as the starting manufacturer suggested retail price (MSRP), for each vehicle (remember that the MSRP will vary based on the trim package and optional features). We also highlight the percentage of the MSRP spent on car insurance, so you can decide if the average premium makes sense for the cost of the car, especially when compared to your financial situation.
6.20%
Learn more: Car Insurance Rates by Make and Model
Finding the cheapest cars for insurance is one thing, but it doesn’t take into account your specific needs. Maybe you have your heart set on a fuel-efficient car to reduce your carbon footprint, an SUV with room for mountain bikes and camping gear, or a truck to haul lumber for yard and home projects. Rest assured, while it may take a bit more research, you can find cheap car insurance no matter what type of vehicle you’re looking for. Below, you’ll find the cheapest vehicles to insure broken down by cars, SUVs and trucks.
Keep in mind, though, that “cheap” is a relative term. In addition to personal factors that may influence insurance costs, such as age, gender, location, credit score and driving record, each vehicle presents unique rating factors, including the price of parts and labor and the risk of an accident occurring, that affect insurance premiums.
It’s probably clear by now that different vehicles cost different amounts to insure, but you may be wondering why. Why are some of the makes and models above higher than the national average, and some are below? What makes a vehicle cheaper or more expensive, on average, to insure?
It all boils down to risk. Insurers determine what premiums to charge based on the risk of claims being filed and the potential severity of those claims. Several factors go into this assessment. For example, a vehicle that costs more to repair or replace will likely have a higher premium, since those features make a claim more expensive. A vehicle with a higher likelihood of accidents, like a sports car, would also likely have a higher premium.
Sometimes, an older, cheaper vehicle without modern safety features can also have high repair costs, which can lead to heftier car insurance rates. On the flip side, some higher-priced cars might have features like automatic braking, which can help avoid or lessen the severity of crashes. Features like those might lower your premium.
Some attributes of a vehicle that can affect the premium are:
Car insurance rates are complex, so there’s no sure-fire way to know how much you’ll pay for a given car until you request quotes from a few companies.

If you’re in the market for a new or used vehicle and are specifically looking for something with cheap car insurance rates, there are certain makes and models you may want to avoid. We’ve listed out the five most expensive vehicles to insure, based on our research, below.
However, keep in mind that while a vehicle’s make and model does affect rates, insurance companies use several other factors when determining premiums. The best way to know how much your vehicle will cost to insure is to get multiple quotes.

If you are specifically looking for cheap car insurance, know there are plenty of ways to lower your rate. Some steps you may want to consider taking:
The average cost of auto insurance in the U.S. is $2,014, but the price varies from one driver to another, depending on a number of individual rating factors. Your location, driving record, vehicle type, and the types and levels of coverage you choose all impact your rates. Average rates may help you determine if your premium is competitive for your area, but the best way to know how much you’ll pay for coverage is to get multiple quotes and compare them.
Some best practices for getting lower auto insurance premiums include buying a cheaper vehicle with good safety ratings, maintaining a good driving record, shopping around with different companies and taking advantage of discounts. If you live in a state that allows the use of credit history as an insurance rating factor, you may want to improve or at least maintain your credit score, as well.
Because everyone has different needs and wants when it comes to car insurance, there is no car insurance company that qualifies as the best for everyone. One way to find the best carrier for you is to determine what you are looking for in a company. Do you want the lowest rate possible? A mobile app? Stellar customer service? Once you know what features are important, you can research companies and request quotes to determine which insurer most closely matches your situation.
Selecting a vehicle isn’t just about performance and aesthetics; it’s also crucial to consider insurance costs. Generally, cars with lower repair costs and more safety features see lower average insurance rates. On the other hand, cars with powerful engines, high theft rates or expensive parts may be more costly to insure.
Bankrate analyzed average rates for many of the most popular vehicle models on the road and found cars with the lowest insurance rates on average. These include the Subaru Outback, Honda CR-V, Honda Pilot, Ford Escape and Honda Odyssey. If you’re buying a new vehicle, you may want to compare insurance quotes for models you’re considering to get an idea of what you might pay for coverage.
Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Vehicle Types: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: Cadillac Escalade, Chevrolet Silverado 1500, Dodge Challenger, Dodge Charger, Ford Escape, Ford F-150, GMC Sierra, Honda Civic, Honda CR-V, Honda Odyssey, Honda Pilot, Jeep Wrangler, Mercedes C300, Nissan Altima, Nissan Rogue, Nissan Titan, Subaru Outback, Tesla Model 3, Tesla Model Y, Toyota Prius, Toyota RAV4 and Toyota Tundra
MSRP: MSRP data is for base models and is sourced from Kelley Blue Book. The MSPRs are accurate as of February 2023.
Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.
Amelia Buckley is an insurance editor, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions.
Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
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