Cheapest Cars to Insure: Which Cars Have the Lowest Auto Insurance Premiums?

If you are looking to buy a car, one element to consider beyond the purchase price is how much your insurance premiums will be over the life of your vehicle. These cars are some of the cheapest types of cars to insure, although it will of course vary depending on your exact situation.

Cheapest Cars to Insure: Sedans

Sedans are much smaller than trucks and SUVs, so they will cause less damage to other vehicles in an average accident. Therefore, your liability insurance premiums will be less than with larger vehicles. In addition, sedans are less expensive to repair than SUVs and trucks, so the collision and comprehensive coverage will typically be less as well. Lastly, the purchase price of a sedan is lower than an SUV, so it will cost the insurance company less to replace it if it is totaled.

Cheapest Cars to Insure: Older Vehicles

In addition, if your vehicle is older, it will probably be cheaper to insure because its replacement cost would be less than a new vehicle. If it is so old that the replacement cost isn't worth paying for collision and comprehensive coverage, then it will be even cheaper to insure, although you will run the risk of having to pay for all repairs if you get in an accident.

Cheapest Cars to Insure: Safety Equipped

If your car is equipped with safety features such as airbags and anti-lock brakes, it is likely that it will be cheaper to insure. This is because you will be more protected in case of an accident and will have lower costs for medical bills for the insurance company to pay.

Cheapest Cars to Insure: Alarm Systems

Lastly, cars equipped with anti-theft systems such as car alarms and tracking devices will also be less expensive to insure, at least for comprehensive coverage. Because comprehensive coverage pays for your car in case of theft, insurance companies will give you a discount if your car is equipped with theft deterrents. It is much harder to steal and easier to recover a car with an alarm system or a tracking device!