Top 11 List of Cars With Lowest Insurance Rates Review In 2024

Minivans, compact SUVs, and sedans are often the least costly cars to insure when compared to other car types. The cost of insurance increases with a vehicle’s level of luxury, amenities, safety, and spaciousness.

The most costly Top 11 list of cars with lowest insurance rates automobiles to insure nationwide include sporty cars, large sedans, and upscale SUVs. However, we have several excellent models for you with respectable characteristics. View our ranking of the best automobiles with the lowest insurance costs:

1. Subaru Forester Wilderness: $1,353
2. Honda CR-V LX: $1,366
3. Honda HR-V EX: $1,398
4. Ford Transit Connect XL: $1,405
5. Volkswagen Tiguan S: $1,406
6. Mazda CX-5 S Select: $1,407
7. Subaru Outback 2.5I: $1,407
8. Chrysler Voyager LX: $1,413
9. Jeep Wrangler: $1,415
10. Toyota Camry: $1,441
11. Ford F-150: $1,465

What Are The Different Factors That Affect The Car Insurance Cost?

There are a few things you should be aware of while searching for automobiles with the cheapest Top 11 list of cars with lowest insurance rates. The manufacturer and model alone does not determine the insurance rate.

The ultimate cost is determined by a number of other elements that are important. Many customers who purchase a secondhand or reasonably priced automobile wind up paying expensive premiums. And this is because you don’t know the fundamentals of how auto insurance operate.

But don’t be alarmed. We provide some of the most important variables that determine your insurance price. Take a look at them down below.

– Age

Your age has a significant impact on the cost of auto insurance. This explains why insurance costs are greater for young drivers and teens.
Your insurance rate will decrease the older and more experienced you are as a driver. However, for the young and inexperienced, it is the complete reverse. Companies are more likely to have to pay for their harm since they are more careless.

– Gender

Depending on the state in which you live, gender affects insurance premiums in the United States. While it is more pronounced for young drivers, it affects drivers of all ages significantly.

A few jurisdictions, including California, Hawaii, Montana, North Carolina, and others, prohibit motor business insurance firms from taking gender into account when setting insurance prices.

– Location

Because every state has its own insurance laws and regulations, premiums might differ. You may be able to get a better deal on auto insurance in one state than another.

In addition, insurance costs vary from ZIP code to ZIP code even within the state, mostly as a result of local problems like auto theft, accident rates, and other problems.

– Driving Record

How excellent or poor of a driver you have been in the past affects your insurance rate significantly. Rates are likely to go up for drivers with a criminal history, such as no prior convictions, citations, DUIs, repeated accidents, and traffic infractions.

However, you may easily bargain for reasonable rates if you drive defensively and have few to no traffic violations on your record.

– Coverage

– Credit Score

In the majority of states throughout the nation, your credit score has a significant impact on the cost of your insurance.

It has been observed that those with lower credit ratings than those with higher scores are more likely to submit a claim. Additionally, it’s stated that those with excellent credit have larger deductibles.

Negative credit does not, however, exclude you from negotiating. Get many estimates, evaluate them, and choose the insurance that best fits your vehicle.

– Mileage

The safety miles remaining on your car is another important factor that affects your insurance cost. Your chances of negotiating are higher the less kilometers you have traveled on your vehicle.

Certain insurers also want information on how frequently you drive. Therefore, it is difficult to obtain lower rates if your automobile has more kilometers on it.

How Does The Type Of A Vehicle Impact The Insurance Rate?

When calculating the cost of your insurance, Top 11 list of cars with lowest insurance rates companies take into account a number of variables. The manufacture or construction of your car is the most important factor. This is a result of the corporation taking into account additional features based on the model.

We’ve broken down the key aspects of how your car’s kind impacts your insurance quote for your convenience.

– Safety Ratings

The cost of insurance is influenced by a car’s safety features and rating. You can get better deals if your car has more technologically advanced components and good safety ratings from the IIHS and NHTSA.

On the other hand, because high-tech feature repairs might be expensive, the price may increase concurrently. Thus, your insurance quote is influenced by the overall safety ratings from the NHTSA and IIHS as well as the availability of safety features.

– Repair or Replacement Costs

You may pay hefty charges for a car that was assembled using pricey and uncommon parts. On the other hand, regular travel using cheap vehicle components will result in lower rates.

Additionally, the cost of replacing a premium car will be higher than that of a non-premium vehicle.

– Damage Causing Risk

In a collision, larger cars will almost certainly inflict more damage than smaller ones. Taller cars, such as SUVs and trucks, are also more prone to roll over and create more debris.

As a result, an automobile’s insurance value increases with its damage risk and vice versa. On a vehicle with a higher risk ratio, the insurer never gives in easily.