Looking for the cheapest used car to insure? As it turns out, there may not be one single best option for all drivers.
In this article, we’ll list some of the cheapest cars to insure, and while this may be a good starting point when looking for used cars, the cost of auto insurance premiums can vary greatly from driver to driver and from city to city. Rather than look for one specific car model, it is better to know what to look out for when purchasing a car and how best to compare rates.
It’s a smart financial decision to look for an affordable used car to insure, as a low auto insurance premium will save you money in the long-term. This article provides advice for finding such a vehicle. In addition to offering shopping tips, we’ll also recommend the best car insurance companies for low-cost policies.
In this article:
- What Makes A Used Car Cheap To Insure?
- Where To Start: Models With Low Premium Rates
- Tips For Reducing Car Insurance Premiums
- Our Recommendations For Used Car Insurance
What Makes A Used Car Cheap To Insure?
The vehicle you drive is one of several factors that affect car insurance premiums. Insurers also set individual rates for customers based on things such as age, driving history, location, and marital status.
If you are trying to get the lowest car insurance premiums, choosing certain vehicles can help to lower your rates. When looking for the cheapest used car to insure, consider the following:
- Safety features: Many providers offer discounts for vehicles with more safety features. Passengers are less likely to be seriously injured after a crash, which means lower medical bills.
- Anti-theft features: Anti-theft features can reduce the likelihood that your vehicle is stolen and increase the likelihood that your vehicle is recovered if it is stolen. As with safety features, many insurers provide discounts on comprehensive car insurance coverage for vehicles with anti-theft features installed.
- Value of vehicle: The more expensive the car, the more expensive it will be to insure.
- Add-on features: Add-on features such as luxury accessories increase the value of the vehicle and also make it more expensive to repair or replace if stolen. Car insurance rates are higher for cars that have all the bells and whistles.
- Type of vehicle: Sports cars, high-end luxury models, and electric vehicles are more expensive cars to insure, as they have more unique components and cost more to repair. Drivers of sports cars are also more likely to speed, which means insurers increase rates for these types of cars.
- Repair costs: In general, a car that is more expensive to repair will be more expensive to insure. Cars that use standard parts are cheaper to insure, whereas cars that use especially old, rare, and hard-to-find components will cost more to insure.
In general, when looking for the cheapest used car to insure, look for vehicles around five to ten years old that are standard, reliable models without extra accessories.
Where To Start: Models With Low Premium Rates
While there may not be one model that is always the cheapest used car to insure, there are several models that meet many of the criteria mentioned above and are good vehicles to look for when starting your search. These include:
- Chrysler Pacifica
- Chrysler PT Cruiser
- Dodge Caravan
- Ford Escape
- Ford Taurus
- Honda Accord
- Honda Civic
- Honda CR-V
- Honda Odyssey
- Hyundai Santa Fe
- Kia Sedona
- Nissan Sentra
- Subaru Forester
- Subaru Outback
- Toyota RAV4
- Volkswagen Jetta
To begin your hunt for the cheapest used car to insure, start by checking dealership websites for these models or other cars that meet the criteria discussed above. Most used car dealerships have online listings of their inventory that include all the information an insurer would want to know, such as mileage and vehicle identification number (VIN).
Before you purchase a used vehicle, you might also consider having the vehicle inspected. Any reputable dealership will allow you to do this. Also, be sure to consider maintenance costs when selecting a used car. Even if one car has a cheaper monthly insurance premium, it could cost you more down the road if it regularly requires maintenance. Our review team uses the website RepairPal to research vehicle reliability and average annual maintenance and repair costs.
Tips For Reducing Car Insurance Premiums
In addition to choosing the right car, there are other ways that drivers can lower their auto insurance premiums. The best way to find the lowest price available to you is to shop around and compare options from multiple auto insurance providers.
If you already have another type of insurance, such as homeowners insurance, consider insuring your car with the same company. Many providers offer discounts for bundling home and auto insurance. Also, consider looking for insurers that offer usage-based coverage options. If you are a safe driver and don’t often drive late at night or on weekends, you may be able to save big this way. Several providers have mobile apps that track your driving habits to reduce premiums.
Our Recommendations For Used Car Insurance
Once it comes time to purchase insurance for your used car, it may not necessarily be the best idea to go with the lowest-priced option. Be sure that you balance cost with reliability and quality claims servicing. Two providers that we recommend for drivers looking for low-cost, high-quality auto insurance are Geico and USAA.
Our review team has closely studied the best car insurance companies in the industry based on cost information, discount options, industry reputation, customer reviews, and more. Finding a reputable provider is important, but by far the best way to find the lowest price is to compare multiple car insurance quotes. You can do this for free by entering your zip code below or calling (844) 246-8209.
Geico: Best Overall
Geico is one of the largest insurers in the United States. In 2019, the insurer paid out over $34 billion in claims. There is a reason Geico is so popular: it provides low insurance costs for high-level coverage.
Geico’s usage-based insurance option, called DriveEasy®, was launched recently and can be an excellent tool for reducing premiums. The app tracks distracted driving, hard braking, and driving times to offer policy reductions. However, it is only available in select states.
We rated Geico 4.5 out of 5.0 stars and named it the Best Overall provider because of its high levels of customer satisfaction, full coverage options, and strong industry reputation. It has an A+ rating from the Better Business Bureau and an A++ financial strength rating from AM Best.
Learn more by reading our full Geico auto insurance review.
USAA: Best For Military
USAA has affordable rates and a high number of discount options. Like Geico, it has an A++ financial strength rating from AM Best and a long history of meeting customer claim obligations. USAA is the only provider that we’ve rated a perfect 5.0 stars. The one drawback is that it is not available to all customers. Only military members and their families can qualify for a policy.
USAA has some of the cheapest car insurance rates of any insurer and many discount opportunities for drivers who sign up for automatic payments, take a defensive driving course, receive good grades in school, and more.
Learn more by reading our full USAA auto insurance review.
In an effort to provide accurate and unbiased information to consumers, our expert review team collects data from dozens of auto insurance providers to formulate rankings of the best insurers. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5.0 stars.
- Industry Standing: Insurers with strong financial ratings and customer-first business practices receive the highest scores in this category.
- Availability: We consider availability by state as well as exclusions for specific groups of drivers.
- Coverage: This rating is based on types of insurance available, maximum coverage limits, and add-on policies.
- Cost and Discounts: Our research team reviews sample quotes for a variety of drivers in every state. Companies with lower prices and many car insurance discount opportunities receive the best scores.
- Customer Service: We comb through customer reviews and consumer feedback studies from experts like J.D. Power.
- Technology: Auto insurers with mobile apps, advanced online services and telematics are more likely to meet consumer needs.