Cheapest Cars to Insure by Make, Model & Type in 2019
The cheapest cars to insure in 2019 are the Subaru Forester ($1,774 per year), Dodge Grand Caravan ($1,786), and Honda Odyssey ($1,800), according to WalletHub’s analysis of 26 vehicles that are popular on the road right now. Of the 10 cheapest cars to insure, 3 are minivans, 3 are crossovers, 2 are SUVs, 1 is a pickup and 1 is a sedan. Minivans are the cheapest type of vehicle to insure, with an average annual premium of $1,842. And Nissan is the best car manufacturer when it comes to cheap insurance, as its vehicles cost an average of $2,011 per year to insure.
On the flip side, the Lexus LS is among the most expensive makes and models to insure, with an average annual premium of $3,308, according to WalletHub’s analysis. This is not surprising given that the Lexus also is one of the more expensive car brands to cover overall. And in terms of car types, the coupe is the most expensive variety to insure in a list that includes SUVs, pickups, and sedans, among others.
Given that your choice of car can have a significant impact on your insurance premiums, coverage costs are important to consider when you’re shopping for a vehicle. The difference in annual premiums could be as much as $1,500 depending on the make and model of the vehicle you purchase.
2019 Cheapest Cars to Insure by Make & Model:
|Rank||Vehicle Make & Model||Average Annual Premium|
|2||Dogde Grand Caravan||$1,786|
|8||Jeep Grand Cherokee||$1,999|
|22||BMW 3 Series||$2,435|
WalletHub’s editors analyzed the insurance premiums for some of the best-selling vehicles from the past 10 years and provided rankings for the cheapest cars to insure in 2019 by car type, make, and model.
In the sections below, you can learn more about our findings and why some cars cost more to insure than others. You can also see how we obtained our pricing data in the Methodology section at the end of the page.
What Are the Cheapest Cars to Insure by Car Type?
|Rank||Car Type||Average Annual Premium|
When most drivers think about their dream cars, the reliable minivan may not be the first vehicle to pull up curbside. After all, minivans are for hauling kids and groceries. But this is why minivans are the cheapest type of car to insure – they aren’t exactly designed for impromptu drag races around the neighborhood. Minivans are popular among families due to their overall safety, and insurance companies view such vehicles as less risky to insure since individuals with loved ones in the car are less likely to engage in risky behaviors on the road.
Within the minivan category, the Dodge Grand Caravan is the cheapest minivan to insure with an average annual premium of $1,786. The list below also provides a quick look at the cheapest SUV, pickup, sedan, and crossover to insure.
Cheapest Cars to Insure by Make, Model and Type:
- Cheapest Crossover to Insure: Subaru Forester - $1,773 per year
- Cheapest Minivan to Insure: Dodge Grand Caravan - $1,786 per year
- Cheapest Pickup Truck to Insure: Toyota Tacoma - $1989 per year
- Cheapest SUV to Insure: Jeep Grand Cherokee - $1,999 per year
- Cheapest Sedan to Insure: Nissan Versa - $2,011 per year
Cheapest Cars to Insure by Make
|Rank||Vehicle Make||Average Annual Premium|
It is no surprise that Nissan, Honda, and Toyota are in the top three. Cars from these manufacturers have consistently received high ratings for vehicle safety over the years. All three brands are well represented in the Insurance Institute for Highway Safety (IIHS)’s Top Safety Picks for 2019.
Why Vehicle Choice Affects Car Insurance Rates
Car insurance premiums are determined by a host of factors such as age, driving experience, where you live, and the type of car you drive, among other things. These details help companies assess the risk of insuring you and your vehicle. Higher risk means higher premiums. When an insurance company looks at the vehicle you drive, it takes into consideration the car’s overall safety ratings, potential repair costs, and relevant historical trends such as claims and theft rates for the particular make and model.
In general, cars with poor safety ratings, high repair costs, and a high insurance claims rate (i.e., for accidents, thefts, etc.) can expect higher insurance premiums. A poor vehicle safety rating is important because it means the driver and passengers are more likely to sustain serious injuries in the event of an accident, which will likely result in more expensive medical or personal injury claims.
Your vehicle add-ons are also factored into the insurer’s risk and premium calculations. Vehicles equipped with upgraded features like four-wheel drive and larger engines are more expensive to insure because they cost more to repair.
How to Choose a Car That’s Cheap to Insure:
- Avoid Ultra-luxury Cars: High-end vehicles, whether large or mid-size, are among some of the most expensive cars to insure due to their value. According to the Insurance Institute for Highway Safety (IIHS), cars with the highest comprehensive insurance losses include luxury brands like Bentley, Mercedes-Benz, and BMW. And in WalletHub’s own analysis, an individual driving a Lexus can pay up to $1,000 more in annual insurance premiums compared to someone driving a Nissan.
- Don’t Buy the Newest Model: Newer models draw higher premiums, simply because they’re worth more. WalletHub’s research has found that buying a $36,000 vehicle could mean paying $1,000 more in annual insurance premiums, when compared to buying and insuring a vehicle that is only worth $9,000.
- Steer Away from Sports Cars: Sports cars are traditionally more expensive to insure due to their high-performance engines and other built-for-speed features, which make them more likely to get into accidents. According to the IIHS database, sports cars like the Lamborghini Huracan and Maserati Granturismo are among the vehicles that have the highest collision losses.
- Rethink Hybrids: Hybrid vehicles tend to be more expensive to insure because they come with a higher retail price tag than conventional vehicles. Hybrid vehicle parts are also more expensive to repair and replace. Take for example the hybrid battery for a Toyota Prius – it can cost $2,200 to $2,600 to replace, not including labor charges.
- Watch Out for Popular Models Among Thieves: Not surprisingly, vehicles that are attractive to car thieves can expect higher insurance premiums. The top 5 most stolen vehicles are the Honda Civic, Honda Accord, Ford pickup, Chevrolet pickup, and Toyota Camry, according to the National Insurance Crime Bureau.
There are many ways to save on car insurance. But as you can see, purchasing the right type of car is one of the most important.
WalletHub collected quotes for 26 of the most popular vehicles on the road in the U.S. from 10 major auto insurance companies: State Farm, GEICO, Progressive, Allstate, Liberty Mutual, Farmers, Nationwide, American Family, Travelers, and Kemper.
|Age||36 years old|
|Driving Record||Clean (no accidents and no violations)|
|Vehicle Model Year||2014|
|Bodily Injury Liability Limit||$50,000 per person / $100,000 per accident|
|Property Damage Liability Limit||$50,000|
|Comprehensive Coverage||$500 deductible|
|Collision Coverage||$500 deductible|
|Uninsured/Underinsured Motorist Coverage (bodily injury)||$30,000 per person / $60,000 per accident|
WalletHub chose to collect quotes for the state of California, as it is the most populous state in the country. The annual premiums of the vehicles listed in our rankings are based on their 2014 models.
WalletHub elected not to pull quotes for current 2020 models, as we are mindful that not everyone chooses a current year model when buying a car. In fact, in any given year, used car sales roughly double new car sales. Additionally, a 2014 vehicle model is a more appropriate choice for the purposes of collecting and comparing insurance quotes because it has had time to depreciate yet is still new enough to justify purchasing full coverage insurance.
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