Cheap Cars With High MPG & Affordable Auto Insurance

The following is an exported forum post from our discontinued forum. If you would like to reply to this old forum post about the cheapest cars with the best gas mileage, please post a comment below.

I’m cheap

I want a car with good mileage per gallon as well as good insurance prices.

What should I buy? Gimme some suggestions PLZ

– Ben

Here’s how you can find cheap cars with the best gas mileage.

Cheapest Cars with the Best Gas Mileage: Our Answer

There’s nothing wrong with being cheap! Buying cars with good gas mileage and cheap insurance premiums can save you tens of thousands of dollars over the lifespan of a vehicle.

You’ve probably looked into the states with the cheapest car insurance, (both annual and monthly auto insurance) and the companies with the best roadside service. The next thing to do is to actually look for the cheapest car with good gas mileage.

Today’s most efficient cars often get more than 45 miles per gallon (MPG). In many cases, these vehicles are also relatively affordable to insure: they tend to be small or mid-sized cars with MSRPs below $30,000. Cheap cars with good gas mileage have other benefits as well. Many cars with good fuel economy and low insurance premiums are popular domestic models that are cheap and easy to repair. Most mechanics in the United States can competently repair a Honda, Toyota, or Chevrolet more easily (and cheaply) than they can repair, say, a Porsche.

Insurance companies also evaluate car safety ratings when determining premiums. Vehicles with higher safety ratings are more likely to protect passengers in an accident. If passengers remain unharmed, the insurance company incurs lower compensation costs. Therefore, the cheapest car to run and insure often includes affordable cars with good gas mileage and excellent safety ratings.

All these elements contribute to determining insurance premiums. Now, let’s explore which cars with cheap insurance also offer a great balance of affordability and fuel efficiency.

The Most Fuel Efficient Vehicles

Here are some of the most fuel-efficient vehicles on the road today, according to tests by Consumer Reports:

• Honda Insight: 54 mpg
• Toyota Prius: 52 mpg
• Hyundai Ioniq: 52 mpg
• Toyota Prius Prime: 50 mpg
• Honda Accord: 47 mpg
• Toyota Camry: 47 mpg
• Toyota Prius C: 43 mpg
• Kia Niro: 43 mpg
• Toyota Avalon: 42 mpg
• Chevrolet Malibu: 41 mpg

Most of these cars are economical American models achieving 40 to 55 miles per gallon. Parts are readily available at most repair shops, making maintenance straightforward. These vehicles also typically boast lower or average MSRPs, contributing to reduced insurance costs for owners looking for fuel-efficient cars that are affordable.

Enter any of these vehicles into an insurance comparison tool (like our own) to quickly get rate estimates. This will assist you in identifying which are the best cars with inexpensive insurance and high MPG. Most of these models are generally affordable to insure, as they are not high-end SUVs or trucks. Additionally, many of these vehicles boast strong safety ratings, which can further reduce insurance costs

The Cheapest Vehicles to Insure

Now, let’s take a look at some of the cheapest cars to insure. You’ll notice several cars appear on both the list above and the list below:

• Toyota Corolla
• Honda Civic
• Hyundai Elantra
• Mazda Mazda3
• Chevrolet Cruze
• Hyundai Accent
• Toyota Camry
• Volkswagen Golf
• Volkswagen Jetta

The Toyota Camry appears on both lists, which could make it a winner for your unique needs. A 2019 base model Toyota Camry is $24,000, making it slightly more expensive than its in-class competitors. However, you could quickly make up this price difference with your cheap insurance premiums and great gas mileage. Therefore the Toyota Camry is one of the cheapest fuel efficient cars.

Generally, if you’re comparing 2019 models of the vehicles above, you’ll find car insurance premiums are relatively similar. Most car models listed above have an MSRP below $30,000. They also tend to be small or mid-sized cars. You’ll find small differences between vehicle types, but don’t expect dramatic insurance savings between any of the models listed above.

In the end, fuel efficiency and insurance costs are crucial factors when choosing a vehicle. Often, individuals opt for luxury cars, only to see their insurance rates skyrocket, making their policies unaffordable. Researching beforehand, especially on FinanceBuzz auto insurance and high MPG cars, can significantly save you money in the long term.

Cheapest Cars with the Best Gas Mileage: Other Answers

Please view our article The Least Expensive Cars To Insure for more information.

Also, it appears you aren’t looking to spend a lot on a car (so this might be out of the question), but please be advised that hybrid vehicles cost little to insure and have solid MPGs… going green… Like the article says, “Those that qualify can expect to save 10-15% off your auto insurance premium, says the Consumer Federation.”

Take care!