What type of used car has the cheapest auto insurance rates?
What type of used car has the cheapest auto insurance rates? The cheapest used car auto insurance is $1,150 to $1,500/year. The cheapest used cars to insure include a Honda Odyssey, Honda CR-V, Buick Lucerne, Toyota Camry, and a Volvo V70. Your used car insurance rates will be impacted by the safety features on these vehicles as well as your own driving record. Continue reading to learn more.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...
Farmers CSR for 4 Years
UPDATED: Jun 6, 2022
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jun 6, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The cheapest used car to insure is the 2020 Honda CR-V
- The cheapest large SUV to insure is the Ford Expedition
- The Ford Fusion, Subaru Outback, Toyota Prius, Honda Accord, Nissan Rogue, and Ford Fusion are among the cheapest used cars to insure for teenage drivers
- Most family vehicles, such as minivans and midsize SUVs, are going to have the most affordable insurance rates
What type of used car has the cheapest auto insurance rate? If you’re wondering about the cheapest used cars to insure, it all comes down to make and model, which will affect the price of your monthly auto insurance rates.
When it comes to your car insurance rate, there are a lot of factors that affect your car insurance costs that come into play. A person’s age, driving record, address, mile on the vehicle, and even gender all play a role in how much they will pay for a car insurance policy. For example, car insurance for a 16 year old is almost always the highest, even with a clean driving record. If you have good driving habits and a clean record, you should have no issues getting cheap car insurance coverage. In this guide, we’ll discuss the cheapest old cars to insure.
Use our FREE comparison tool to find the best insurance for used cars. Knowing how to compare auto insurance quotes will save you money. Just enter your ZIP code in the box above to get started looking for affordable used car insurance near you.
What used cars are the cheapest to insure?
We all know that buying a used vehicle can be a very wise decision. The old saying that a new vehicle loses 10% of its value as soon as you drive it off the car lot couldn’t be more accurate. Buying an older car makes a lot of sense if you’re looking to save money or if you’re low on funds.
You may be the 1st owner of a single owner older vehicle, but more likely you’re looking to insure a vehicle as the 2nd owner, 3rd owner, 4th owner, 5th owner, and maybe even the 6th owner, 7th owner, or 8th owner (though we admit, that’s a lot less likely).
Most of the time, as long as it’s not a vintage or classic auto, insuring a used car will be cheaper than insuring the same car if it was new.
If buying a used vehicle is in your future, there are several makes and models to consider that will provide you with the cheapest car insurance rate. Below is a list of vehicles that are among the cheapest used cars to insure.
Honda Odyssey
When you’re looking for a used vehicle that is cheap to insure, you really can’t go wrong with a minivan. The Honda Odyssey is one of the cheapest minivans to insure. The reason for this is that it ranks as one of the safest vehicles to drive year after year.
According to the National Highway Traffic Safety Administration (NHTSA), the Honda Odyssey has a perfect five-star rating in safety.
One of the reasons that minivans have low car insurance coverage rates is because they’re family cars that aren’t risky to insure. People who drive minivans are fairly safe drivers. A used Honda Odyssey should be at the top of your list if you’re looking for a quality family vehicle with low insurance rates.
Honda CR-V
The Honda CR-V is a great used vehicle to consider if you’re looking for something a bit more sporty that still comes with lower insurance rates. Over the years, Honda has done a great job of changing the styling of the CR-V. From the first generation to the current fourth, you really can’t go wrong when considering a used version of this vehicle.
The CR-V comes with great reviews from owners and has a great resale value overall. The safety features, along with the great styling, keep this car at the top of the list for many people interested in a quality used vehicle with reasonable insurance rates.
Buick Lucerne
When it comes to used cars that are cheapest to insure, the Buick Lucerne from 2008 is one of the best and the most affordable vehicles to consider. This is a great family vehicle, as it’s large enough to provide room for the entire family but small enough to get decent gas mileage.
There are several additional features that help separate this vehicle from the pack, including the side blind zone alert that tells the driver when there’s a vehicle in their blind spot.
Toyota Camry
Another great older car to consider buying used for low insurance rates is the Toyota Camry. The Camry has long held the record for having a high resale rate as well as being a very safe and reliable vehicle to drive.
The Toyota Camry is one of the Insurance Institute for Highway Safety’s (IIHS) Top Safety Picks Plus.
If you need a good-quality family vehicle that gets excellent gas mileage and will last you for a very long time, the Toyota Camry should be at the top of your list. Used Toyota Camrys sell very quickly because of their proven track record.
Volvo V70
Volvo is a brand that’s associated with reliability. The Volvo V70 was manufactured from 1996-2016. It’s a great choice for those who are looking for a used vehicle with excellent safety features and cheap insurance rates.
The V70 is available in a front-wheel and all-wheel-drive version, and there’s even a Cross Country version of the vehicle available. The insurance rates for this used vehicle are low because of its quality build and safety features.
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How much are auto insurance rates for popular used vehicles?
Used vehicles with cheap road tax and insurance can save you hundreds of dollars per year. The best first cars that have cheap insurance are usually sedans and compact SUVs. We’ll list the average annual rates of all vehicles listed in the previous subsections. Let’s look at the annual premiums for the best used cars for cheap insurance.
| Vehicle Make and Model Year | Average Annual Liability Coverage Rates | Average Annual Collision Coverage Rates | Average Annual Comprehensive Coverage Rates | Average Annual Full Coverage Rates |
|---|---|---|---|---|
| 2011 Buick Lucerne | $232 | $408 | $460 | $1,258 |
| 2010 Volvo V70 | $234 | $382 | $394 | $1,146 |
| 2020 Honda Odyssey | $280 | $532 | $372 | $1,342 |
| 2020 Honda CR-V | $280 | $408 | $316 | $1,140 |
| 2020 Toyota Camry | $308 | $594 | $372 | $1,432 |
The cheapest used car to insure is the 2020 Honda CR-V, followed by a 2010 Volvo V70. It makes sense that the 2010 Volvo V70 is one of the most affordable on the list. How can a 2020 model vehicle be among the cheapest?
The secret to cheap auto insurance for vehicles is in the ratings. We briefly talked about it in the previous sections, but let’s explore it a little more. Check out the overall vehicle ratings from the NHTSA and IIHS.
| Vehicle Make and Model Year | NHTSA Overall Rating | IIHS Overall Rating |
|---|---|---|
| 2020 Honda Odyssey | 5 stars | Good |
| 2020 Honda CR-V | 5 stars | Good |
| 2011 Buick Lucerne | 4 stars | Acceptable |
| 2020 Toyota Camry | 5 stars | Good |
| 2010 Volvo V70 | Not Rated | Not Rated |
Although the Volvo V70 isn’t rated, it carries cheap auto insurance rates. The model year of the car is the reason it’s cheap. All of the other vehicles have a good or acceptable rating overall.
Check out your vehicle’s rates by searching for auto insurance in your area with our FREE comparison tool! Enter your ZIP code to get started.
What’s our bottom line?
When it comes to purchasing a used vehicle, there are many elements to consider, including how much car insurance is for a car. Insurance rates for a used vehicle are based on safety ratings, among other factors.
You’ll find that vehicles such as minivans, midsize SUVs, and other low-insurance family cars are going to have the most affordable insurance rates. Auto insurance for SUVs is so low because insurance companies consider family vehicles to be safer to drive and because drivers who purchase these vehicles are typically more cautious.
When you buy a used car, you’ll pay less for the vehicle, and you’ll also save a bit on your insurance bill. Your best bet in that regard is to choose one of the vehicles on the list above.
If you’re done reviewing what is the cheapest car to insure and are ready to buy used car insurance now, enter your ZIP code below to compare used car insurance companies in your area.
Hopefully, we’ve answered all your questions about used cars with the cheapest insurance. Just in case we haven’t, take a look at some common questions below.
#1 – What are the cheapest 10-year-old cars to insure?
The Street has a great list of the cheapest older cars to insure. The top five cheapest 2010 cars to insure are the Ford Escape, Hyundai Santa Fe, Mercury Mariner, Chrysler PT Cruiser, and Ford Explorer.
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#2 – What is the cheapest used SUV to insure?
The cheapest large SUV to insure is the Ford Expedition. The Ford Edge is the most affordable midsize SUV, while the Subaru Forester is the cheapest small SUV.
#3 – What are the cheapest 2013 sedans to insure?
The cheapest 2013 sedans to insure were the Honda Accord, Subaru Legacy, and Chevrolet Impala.
#4 – What are the cheapest used cars to insure in 2019 and 2020?
The most insurance-friendly, cheapest vehicles to insure in 2019 and 2020 were the Subaru Outback, Ford Escape, and the Honda CR-V.
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#5 – What are the cheapest used cars to insure for teenagers?
The cheapest used cars to insure for teenage drivers are the Ford Fusion, Subaru Outback, Toyota Prius, Honda Accord, Nissan Rogue, and Ford Fusion. Learn more about auto insurance for 17-year-olds and 18-year-olds.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.