20 cheapest cars to insure

Car insurance policy documents

 

Here’s some food for thought as you contemplate the options for your next car purchase – insurance. If you’d like to keep your premium to a minimum and those operating costs within budget, take a look at the cheapest vehicles for coverage as compiled by Insure.com.

In a list dominated by SUVs and minivans, least expensive is the Jeep Wrangler Freedom which leads a group of four Jeep models, the highest of any automaker among the top 20. With an average premium of $1,169, it’s almost 29 percent less than the national average of $1,645. The Jeeps’ low insurance costs could be attributed to their wealth of safety features, ruggedness and the relatively inexpensive cost of repairs, according to Insure.com, which compared rates across the country for 3,600 different vehicle models.

Second to the Wrangler Freedom is the Honda Odyssey LX minivan, which is joined by others in its class including the Dodge Caravan LX and Ford Transit Connect XL. Typically loaded with safety features, too, these family haulers perform well in crash-rating tests and tend to be driven by safety-conscious parents. There are no sedans on the list, but you will find two pickup trucks – the GMC Canyon SL and Nissan Frontier S.

 

20 least-expensive cars to insure, with average premiums

  1. Jeep Wrangler Freedom, $1,169
  2. Honda Odyssey LX, $1,181
  3. Subaru Crosstrek, $1,236
  4. Subaru Outback 2.5i, $1,238
  5. Fiat 500X Pop, $1,244
  6. Mazda CX-3 Sport, $1,248
  7. Mazda CX-5 Sport, $1,248
  8. Jeep Compass Sport, $1,257
  9. Honda HR-V LX, $1,257
  10. Ford Escape S, $1,258
  11. Jeep Renegade Sport, $1,264
  12. Hyundai Tucson SE, $1,264
  13. Jeep Cherokee Latitude, $1,266
  14. Buick Encore, $1,279
  15. GMC Canyon SL, $1,279
  16. Nissan Frontier S, $1,281
  17. Dodge Grand Caravan SE, $1,281
  18. Subaru Forester 2.5i, $1,281
  19. Honda CR-V LX, $1,282
  20. Ford Transit Connect XL, $1,282

 

Work out what coverage you need

Once you have a vehicle or two under consideration, you may want to work out how much coverage you need and shop for quotes tailored to your circumstances. The minimum liability requirements in your state will be the starting point, and if you’re financing the vehicle, you’ll also need collision insurance. Consumer Reports recommends getting quotes from a price-comparison service like The Zebra, which also gives you an insurability score.

 

Apply for financing

When it comes to financing, apply for preapproval with online lender RoadLoans before visiting the dealership. If approved, you can shop with the confidence of a cash buyer, loan documents in hand. As the full-spectrum, directing-lending platform of Santander Consumer USA, we accept applications from consumers with all types of credit and provide instant decisions. Interested in a new Jeep? Apply for a loan or lease with Chrysler Capital.

 

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