13 Car Models With the Cheapest Insurance Rates To Keep More Money in Your Pocket

Car insurance rates are on the rise across the U.S, leaving drivers searching for ways to save money. Insure.com analysts uncovered 13 vehicles that offer the cheapest insurance rates.

If your car isn’t on Insure.com’s list, we’ll cover some tips you can use to keep your auto insurance costs lower. 

Finding the Cheapest Cars To Insure 

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Insure.com compares car insurance rates across all 50 states each year. Their analysts collected quotes from major car insurance companies and average premiums to compile a ranked list of vehicle insurance costs for 2024. 

1: Honda HR-V

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The Honda HR-V costs an average of $139 per month to insure. This smaller SUV features a five-star safety rating from the NHTSA and low horsepower, making it less expensive to insure compared to other vehicles. 

2: Mazda CX-30

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It costs about $1679 per year, or $140 each month, to insure a Mazda CX-30. As a crossover SUV, the Mazda CX-30 offers a lower profile than regular SUVs and has a five-star safety rating. 

3: Chevrolet Trailblazer

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To insure a Chevrolet Trailblazer, you can expect to spend about $140 per month. The Trailblazer is a crossover SUV with relatively low horsepower and good safety and reliability ratings. 

4: Chevrolet Express 2500 Cargo Van

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If you’re in need of a cargo van, the Chevrolet Express 2500 is the cheapest to insure. It costs $1,685 per year or about $140 per month. 

5: Kia Seltos

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The Kia Seltos is a small SUV with a four-star safety rating from the NHTSA. Its low horsepower and compact size help keep its insurance costs down to an average of $141 per month. 

6: Ford Transit Connect Cargo Van

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According to Insure.com’s analysis, the Ford Transit Connect Cargo Van costs $141 per month to insure. Considered a “city van,” the Ford Transit Connect is smaller than standard cargo vans. Ford intends to discontinue it, making 2023 models the last available. 

7: Ford Transit Connect Passenger Wagon

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The Ford Transit Connect Passenger Wagon costs $142 per month to insure. It’s similar to the Ford Transit Connect Cargo Van but has seven passenger seats built in. Like the Connect Cargo Van, Ford is not building new Passenger Wagon models as of 2024. 

8: GMC Savana Cargo Van

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Insuring a GMC Savana Cargo Van costs $143 per month on average. The Savana Cargo Van is a full-size cargo van that can accommodate up to 2,500 pounds or 15 passengers, depending on the configuration. 

9: Hyundai Venue

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You can insure a Hyundai Venue for $143 per month. The Venue is a low-horsepower compact SUV that seats up to five. 

10: Honda CR-V

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The Honda CR-V offers top-notch safety ratings, great visibility, and low horsepower. Together, these features make it especially affordable to insure at $144 per month. 

11: Volkswagen Tiguan

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The Volkswagen Tiguan costs an average of $144 per month to insure. The Tiguan has a four-star safety rating and offers Volkswagen’s “IQ.Drive,” a safety-enhancing technology package. 

12: Chevrolet Express 2500 Passenger Van 

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The Chevrolet Express 2500 Passenger Van is exactly like the Chevrolet Express 2500 Cargo Van, except that it can hold up to 15 passengers. On average, it costs $145 per month to insure it. 

13: Toyota Corolla Cross 

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The Toyota Corolla Cross costs an average of $145 per month to insure. As a compact SUV, it offers good visibility, lower horsepower, and excellent safety ratings, all of which help decrease the cost to insure it. 

Rising Rates 

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According to CNN, car insurance rates jumped 22% between February 2023 and February 2024. The last time car insurance rates rose that much in a year was in 1976. 

Behind the Increase 

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Insurance companies say the increase in car insurance is due to a number of factors, including a rise in severe auto accidents and rising repair costs.

They also note that the increase isn’t universal. It’s far worse in some states, like Nevada, which saw a 38% increase in average rates.  

Saving on Car Insurance

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Though some states are seeing more of a car insurance rate hike than others, the vast majority of Americans have had to stomach some sort of car insurance increase over the last year. While price increases are a fact of life, there are things drivers can do to limit the price hikes. 

Shop Around

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Shopping around for a new car insurance quote might be the best way to keep your costs down. Insurance companies are competitive, and shopping can incentivize them to give you a better deal. 

Increase Deductible

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If you can afford it, consider increasing your deductible from $500 to $1,000. According to consumer reports, doing so can save you up to 25% on premiums. Of course, if you can’t afford $1,000 in the event of a crash, increasing your deductible isn’t a good idea. 

Drop Comprehensive

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If your car is older, dropping your collision and possibly your comprehensive coverage might be a good idea. When your premium is more than 10% of the car’s value, considering this change makes sense, and it will save you a lot of cash. 

Take a Defensive Driving Course

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Certain insurance companies will lower your insurance rates if you take a defensive driving course. On average, the rate will drop about $200 per year, and you may have to take the course every few years to keep the rate drop active. 

Report Low Mileage

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If you drive your car less than 10,000 miles per year, you should report your mileage to your car insurance company. Driving less than 10,000 miles can lower your premium, and some insurance providers offer verified mileage programs that will save you even more money. 

Bundle When It Makes Sense

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It doesn’t always work, but if you can bundle your home and auto insurance with one company, you may qualify for a discount. While many companies advertise bundled savings, you should still shop around for both policies, as sometimes you can lower your costs further by keeping your home and auto policies separate. 

Pay Out-of-Pocket  

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If you get into a small fender bender, it might be better to keep your insurance out of the loop. Some states require you to file a police report if you collide with another vehicle, in which case, your insurance company will learn about the accident regardless. However, if you don’t have to report the accident and can pay out of pocket, you may be able to avoid a rate increase. 

Fatal High-Speed Car Crashes Ranked by State

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Do you live in a state with a high rate of fatal high-speed car crashes? These stats reveal where the highest rates of fatalities occur when residents drive 80 miles per hour or more.

States With the Worst Fatal High-Speed Crashes

19 Things the Middle Class Won’t Be Able To Afford in 5 Years

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If current financial trends continue, middle-class Americans may find things they used to afford unattainable. These are the troubling things that will likely become more difficult to afford in the next five years.

19 Things the Middle Class Won’t Be Able To Afford in 5 Years

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