NerdWallet’s ranking of the cheapest cars to insure uses the base trim level of each vehicle. Moving to a higher trim level may mean moving to a higher auto insurance rate. Sports cars have some of the highest auto insurance rates. Not just because they’re built for speed. Lightweight vehicles like sports cars are at a disadvantage in accidents with heavier vehicles. This can lead to a higher fatality rate, which drives up the cost of insurance. Subaru, Acura, Mazda and Volkswagen all have average full-coverage rates below $2,300 per year. Compact or crossover SUVs such as the Subaru Outback or Mazda CX-30 are most affordable to insure.
The Subaru Outback and Honda CR-V have some of the cheapest insurance rates. Rates vary based on driver’s age, location, record, and provider. Insurance companies favor carmakers producing reliable vehicles with modern safety and anti-theft features. These features reduce accident and injury risk, making you less likely to file a claim. The cost of Toyota insurance is $2,132 per year on average across eight models.
Which car insurance is the cheapest one?
The cheapest type of car insurance is a liability-only policy that meets state minimum requirements. This costs an average of $618 a year. State Farm offers the cheapest rates overall, with minimum coverage at $39 a month.
While Mini cars are the cheapest to insure, Subaru, Acura, Mazda and Volkswagen have full coverage rates below $2,300 yearly. Nobody likes overpaying for coverage, but picking one of the cheapest vehicles can save you money.
Although not the cheapest, American Family offers the most discounts, like multi-policy and safety feature discounts. Combined, these can reduce an original $140 monthly rate substantially.
Who has the cheapest full coverage car insurance?
The cheapest widely-available full coverage car insurance is State Farm, at $883 per year or $74 per month. Our analysis of national average rates finds USAA has the cheapest full coverage car insurance cost of $1,412 a year, followed by Auto-Owners at $1,628, Geico at $1,716, and Westfield at $1,759.
The average cost of car insurance in the U.S. is $766 per year for minimum coverage and $1,983 annually for full-coverage policies.
Nationwide offers the cheapest full coverage car insurance for most drivers, with an average annual premium of $1,004 per year and $84 a month. Regional providers like Erie Insurance can have cheap rates, but they aren’t available everywhere.
Auto-Owners insurance may offer the cheapest minimum coverage but is only available in 26 states. Compare car insurance quotes from at least three companies to ensure you’re getting the best price and the coverage that meets your needs.