What type of used car has the cheapest auto 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.

Read more: Affordable Buick Auto Insurance Quotes

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.

When considering the Volvo V70, not only can you enjoy a dependable and safe ride, but you can also take advantage of the opportunity to secure affordable Volvo auto insurance quotes, making it an even more attractive option for budget-conscious drivers.

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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.

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.

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.

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