{"id":651,"date":"2017-12-12T16:45:30","date_gmt":"2017-12-12T20:45:30","guid":{"rendered":"https:\/\/www.protectiveagency.com\/blog\/?p=651"},"modified":"2024-02-25T23:22:29","modified_gmt":"2024-02-26T03:22:29","slug":"what-is-the-cheapest-car-to-insure","status":"publish","type":"post","link":"https:\/\/www.protectiveagency.com\/blog\/what-is-the-cheapest-car-to-insure\/","title":{"rendered":"What Is The Cheapest Car To Insure?"},"content":{"rendered":"<p>Buying a new car is quite an investment. Whether it\u2019s new or used, it\u2019s new to you and sure to put a dent in your bank account. Not to mention, there\u2019s other costs associated with buying a car. You have to think about insurance, maintenance, and more.<\/p>\n<p>&nbsp;<\/p>\n<p>But what if there was a way to save money on your car before you even buy it? Well, there is. Companies run studies on which cars cost the most to insure and which ones cost the least.<\/p>\n<p>&nbsp;<\/p>\n<p>You can save yourself hundreds of dollars every single year just by purchasing one model instead of another. You just need to know what is the cheapest car to insure and why insurance costs vary so wildly.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>How Much Does Insurance Cost?<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>There\u2019s been many a debate about how much insurance cost and how much you should pay. Since everyone who owns a car also owns insurance, the sample size is vast and so are the numbers.<\/p>\n<p>&nbsp;<\/p>\n<p>The reality of the situation is this: the average cost of annual car insurance in the United States in 2017 is $1,605. That breaks down to $133.75 per month in auto insurance to drive an average car in our country. Not necessarily cheap, but not horrifying, either.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Factors That Determine How Much You Pay<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The interesting thing about car insurance costs, there\u2019s a plethora of factors that determine how much you pay for auto insurance. No one factor determines how much you pay. Insurance companies use an all-encompassing algorithm.<\/p>\n<p>&nbsp;<\/p>\n<p>Here are just a few of the many factors that car insurance companies use to determine how much you pay:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Your Driving History: <\/strong>First and foremost, you play a major role in how much you pay for car insurance. Your driving history is the primary factor, along with your age, gender, and more. If you\u2019ve been a safe driver for decades, there\u2019s a good chance that won\u2019t change. So, your rate will be low. The opposite is true, too. Accident-prone drivers will always pay more.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Claim Rates:<\/strong> While out of your control, claim rates will be factored into how much you pay for insurance. If the car you buy has a high claim rate, you will pay more. Insurance companies know that certain cars are prone to claims and charge customers accordingly.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Repair Costs: <\/strong>If you\u2019re buying a foreign car that\u2019s expensive to repair, you will pay more for insurance. If your new car is a simple, cheap fix, then you\u2019ll find insurance is priced much lower.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Vehicle Type: <\/strong>This may be the most important factor in determining <a href=\"http:\/\/www.iihs.org\/iihs\/ratings\/TSP-List\">how much you pay for insurance.<\/a> The fact of the matter is most people aren\u2019t buying a Corvette to drive the speed limit. You buy a sports car to go fast and take risks. Risks are not something insurance companies like, so they charge you for them. Luxury and sports cars will always be more expensive to insure than any other car type. On the other hand, sedans and family vehicles tend to be cheaper for a variety of factors.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>What is the Cheapest Car to Insure?<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>As of 2017, the cheapest car to insure is the Honda Odyssey LX. A year of car insurance for an Odyssey LX comes in at $1,112. That\u2019s under $100 a month for full car insurance. Talk about a steal!<\/p>\n<p>&nbsp;<\/p>\n<p>Next on the list, you\u2019ll find vehicles like Jeep Renegade Sport, Jeep Wrangler Black Bear, and the Honda CR-V LX. As you can see, minivans and small, hybrid SUVs tend to be cheaper to insure.<\/p>\n<p>&nbsp;<\/p>\n<p>Because <a href=\"https:\/\/www.kbb.com\/best-safety-rated-cars\/\">these vehicles tend to be exceptionally safe<\/a>, driven by risk-averse people, and are fairly low-cost vehicles. To find out current information on insuring less expensive cars, please contact our team at ProtectiveAgency.com or call (877) 739-9367. Our licensed insurance agents will be happy to answer any questions you have.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a new car is quite an investment. Whether it\u2019s new or used, it\u2019s new to you and sure to put a dent in your bank account. Not to mention, there\u2019s other costs associated with buying a car. You have to think about insurance, maintenance, and more. &nbsp; But what if there was a way [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-insurance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is the Cheapest Car to Insure? | Protective Agency<\/title>\n<meta name=\"description\" content=\"Buying a new car is quite an investment. 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