Cars with the cheapest car insurance rates (2022 guide)

Factors influencing car insurance rates

No one likes paying too much for car insurance, but getting good coverage at reasonable prices can be difficult. However, you can tip the scales in your favor by choosing one of the cars with the cheapest car insurance rates.

In addition to reviewing the best auto insurance companies, we at the Home Media Review team have researched the country’s most popular vehicles to see which ones can get you the lowest auto insurance rates.

While various factors affect auto insurance premiums, certain vehicles usually get affordable coverage. We got car insurance quotes for the 25 most popular vehicles in 2021 to find out which models have the cheapest car insurance.

The rates below are based on a 32 year old male driver in North Carolina with a clean driving record and good credit. Each premium listed in the table applies to fully comprehensive motor vehicle insurance. These estimates are based on the average of Geico and Progressive citations.

In general, drivers get the most cost-effective protection by choosing smaller SUVs and minivans. The car types with the cheapest car insurance rates typically have the following characteristics:

  • Easy to drive
  • Got basic components
  • Good performance on security tests
  • Do little harm to others
  • Provide significant protection in the event of an accident

Vehicle factors affecting auto insurance rates

Even if you don’t go for one of the cheaper models listed above, it’s still possible to find affordable prices. Below we address critical elements that auto insurance companies consider when setting insurance premiums.

  • vehicle age: Most people assume that older cars get cheaper auto insurance coverage, but that’s not always the case. Some new cars receive lower premiums due to additional safety features, but this is often offset by higher repair costs.
  • vehicle type: Small SUVs and minivans generally get lower auto insurance rates, while sedans and large SUVs cost more to insure. Cheap car insurance is hard to find for electric, luxury and sports car owners.
  • cutting length: The nicer your car’s trim level, the more expensive your car cover is likely to be. That’s because premium models have features that cost more to replace.
  • safety devices: If your car performs well on safety tests conducted by the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety, it will likely have lower rates. Safety features like airbags, anti-lock brakes and seat belts also reduce your car insurance costs.
  • car theft rates: Certain car models are more likely to be stolen than others, according to an annual study by the National Insurance Crime Bureau (NICB). Vehicles that are frequently attacked by thieves are likely to have more expensive auto insurance policies.

Decisions that affect auto insurance rates

Some decisions a driver makes can affect the cost of their car insurance. Here’s a look at some of those factors:

  • coverage level: The minimum coverage for your vehicle costs less than comprehensive insurance. However, in the event of an accident, you have very little protection for your car if you opt for the state minimum coverage.
  • Deductible Amount: If you have a high deductible, you will receive lower car insurance rates, but you will also pay more out of your own pocket in the event of a claim.
  • Bundled Policies: You could pay a lower price if you choose other types of insurance, such as
  • annual mileage: Insurance companies typically charge lower rates for policyholders who drive less because less time on the road makes them less likely to be involved in accidents.

Personal factors affecting car insurance rates

Even the cars with the cheapest auto insurance rates can be expensive to insure if personal factors suggest you’re a high-risk driver. The following are some characteristics that often cause drivers to increase car insurance premiums:

  • drive recording: If your driving history includes a recent accident, speeding ticket, or DUI, you can expect to pay significantly more for auto insurance. The cheapest fares are usually given to people with no traffic violations or recent insurance claims.
  • age, gender and marital status: Teenage drivers, young drivers who are male and single people of both sexes tend to pay more for car insurance. As men age past 20, the rates drop and level off with what female drivers pay.
  • credit-worthiness: People with poor credit scores get extremely high auto insurance quotes because providers see them as high-risk drivers. Drivers with poor credit ratings often pay even higher fines than those with speeding and at-fault tickets.
  • location: You’ll pay more if you live in an area with high crime, increased rates of uninsured drivers, or a large number of accidents. People in urban areas like New York City or Southern California tend to pay higher fees than rural residents.

Good credit and a clean driver’s record can make it easier to get cheap car insurance. While the cars with the cheapest auto insurance rates may have lower costs, if your records point to potential risks, coverage is still likely to cost more than the national average.

Auto insurance discounts to lower rates

It is possible that you can find cheaper premiums if you carefully examine the auto insurance discounts offered by the providers. Below we look at some ways policyholders can save money.

Should I choose the cheapest car insurance plan?

It’s a bad idea to automatically select cars with the cheapest auto insurance rates, or to choose providers who offer cheap auto insurance policies. Shockingly low rates could indicate an insurer is offering below-average coverage and is targeting drivers looking to save money.

While you’ll spend less by choosing your state’s required minimum coverage, consider your options and needs. Car insurance offers are cheaper if you reject comprehensive insurance and comprehensive insurance, but personal and property damage liability insurance will not cover your costs after an accident.

The cars with the cheapest auto insurance rates usually do well in crash tests, but they’re not necessarily the right models for everyone. Compare your needs with potential costs mentioned by insurance agents before deciding on a car.

Our recommendations for car insurance

If you’re looking for cars with the cheapest auto insurance rates, you might also be wondering which providers offer affordable coverage. Based on our research, we found that finding competitive auto insurance premiums from Geico and Progressive is easy.

Geico: Editor’s choice

AM Best financial strength rating: A++
Better rating by the Business Bureau (BBB).: A+

Drivers looking for one of the most comprehensive auto insurance coverages should take a close look at Geico. The company is known for its affordable coverage options and excellent financial strength, so your car will be well protected in the event of an accident.

However, Geico’s customer satisfaction scores were close to average in most regions in the JD Power 2021 US Auto Insurance StudySM. Our team reached out to Geico for comment on their customer satisfaction ratings, but received no response.

Read Next: Geico Insurance Review

Progressive: low tariffs for high-risk drivers

AM Best financial strength rating: A+
BBB rating: Not rated

It’s not easy for drivers with bad credit or less than perfect driving skills to get great auto insurance, but Progressive can be a good choice for them. While it probably doesn’t have the cheapest coverage, Progressive insures many drivers who are overlooked by other providers.

One of Progressive’s downsides is that it was ranked the second worst vendor in the country in the JD Power 2021 US Auto Claims Satisfaction StudySM, with a score of 862 out of 1,000. Our team reached out to Progressive for comment on the damage satisfaction rating, but received no response.

Continue reading: Progressive Insurance Verification

Our methodology

Because consumers rely on us to provide objective and accurate information, we have developed a comprehensive rating system to formulate our ranking of the best auto insurance companies. We collected data on dozens of auto insurance providers to rank the companies based on a variety of ranking factors. The end result was an overall rating for each provider, with the insurers with the most points topping the list.

Here are the factors our reviews take into account:

  • Cost (20% of total score): Auto insurance rate estimates and discount opportunities generated by Quadrant Information Services have been included.
  • Coverage (20% of total score): Companies that offer a variety of insurance coverage choices are more likely to meet consumer needs.
  • Reputation (20% of total score): Our research team considered market share, industry expert reviews, and fiscal year to assign this rating.
  • Availability (20% of total score): Auto insurance companies with greater state availability and fewer licensing requirements scored highest in this category.
  • Customer Experience (20% of total score): This score is based on the number of complaints reported by NAIC and customer satisfaction ratings reported by JD Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own buyer analysis.

*Data correct at time of publication

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