The Cheapest Cars to Insure in 2021

The Honda CR-V, Chrysler Pacifica and Honda Odyssey are the cheapest cars to insure, offering annual savings of more than $1,000 compared to the most expensive models.

Our research suggests that minivans and small trucks are, on average, the least expensive cars to insure when compared to other vehicles. Furthermore, large sedans have the most expensive car insurance across the industry.

Auto insurance costs are higher for certain vehicles for a variety of reasons — a car having high repair costs, a poor safety record or few anti-theft features will likely cost more to cover.

What is the least expensive car to insure?

We found that the Honda CR-V was the cheapest car to insure out of the 50 vehicles we considered, with an annual auto insurance cost of $2,346.

This is 22% less than the average yearly premium across all of the vehicles we surveyed. Furthermore, the CR-V\’s insurance cost was $2,397 less per year than the most expensive car to insure — the Tesla Model S.

Rank Car name Type of car Vehicle price Annual auto insurance rate
1 Honda CR-V Small SUV $25,102 $2,346
2 Chrysler Pacifica Minivan $21,996 $2,416
3 Honda Odyssey Minivan $26,391 $2,457
4 Ford F-Series Standard pickup truck $22,849 $2,471
5 Toyota RAV4 Small SUV $20,257 $2,475
6 Chevrolet Equinox Small SUV $19,837 $2,560
7 Chevrolet Colorado Small pickup truck $17,816 $2,562
8 Toyota Tundra Standard pickup truck $29,920 $2,577
9 Honda Ridgeline Small pickup truck $27,226 $2,611
10 Ford Fiesta Subcompact car $12,063 $2,621
11 (tie) Dodge Grand Caravan Minivan $20,175 $2,634
11 (tie) GMC Canyon Small pickup truck $24,446 $2,634
13 Toyota Tacoma Small pickup truck $22,749 $2,670
14 Nissan Frontier Small pickup truck $25,992 $2,687
15 Kia Sedona Minivan $22,877 $2,699
16 Honda Fit Station wagon $17,760 $2,720
17 Toyota Sienna Minivan $25,189 $2,746
18 Ford Escape Small SUV $17,710 $2,834
19 Chevrolet Cruze Compact car $14,849 $2,841
20 Chevrolet Tahoe Standard SUV $39,568 $2,888
21 Honda HR-V Station wagon $20,679 $2,931
22 GMC Sierra Standard pickup truck $23,357 $2,937
23 Ram Pickup Standard pickup truck $20,157 $2,998
24 Chevrolet Impala Large sedan $21,193 $3,001
25 Toyota Camry Midsize sedan $20,147 $3,036
26 Honda Accord Midsize sedan $23,561 $3,042
27 Honda Civic Compact car $19,601 $3,042
28 Chevrolet Silverado Standard pickup truck $24,773 $3,057
29 Nissan Sentra Midsize sedan $13,475 $3,059
30 Chevrolet Traverse Standard SUV $28,009 $3,072
31 Ford Focus Compact car $13,140 $3,083
32 Volkswagen Jetta Compact car $14,754 $3,109
33 Kia Soul Station wagon $15,186 $3,114
34 Chevrolet Camaro Subcompact car $20,875 $3,141
35 Toyota Corolla Midsize sedan $15,651 $3,164
36 Ford Taurus Large sedan $18,123 $3,173
37 Nissan Murano Station wagon $23,949 $3,188
38 Nissan Rogue Station wagon $18,969 $3,193
39 Chrysler 300 Large sedan $21,029 $3,268
40 Nissan Altima Midsize sedan $16,824 $3,269
41 Toyota Highlander Small SUV $29,207 $3,283
42 Jeep Grand Cherokee Standard SUV $26,125 $3,347
43 Toyota 4Runner Standard SUV $31,467 $3,355
44 Dodge Charger Large sedan $22,760 $3,378
45 Ford Mustang Subcompact car $22,218 $3,485
46 Nissan Versa Compact car $11,947 $3,525
47 Ford Explorer Standard SUV $28,322 $3,587
48 Mercedes-Benz C-Class Subcompact car $34,752 $4,122
49 Mercedes-Benz E/CLS-Class Subcompact car $48,694 $4,129
50 Tesla Model S Large sedan $69,184 $4,743

Our research shows having a cheaper vehicle does not always correlate with having lower insurance costs.

Vehicles with values between $25,000 and $30,000 actually had the lowest auto insurance rates at $2,871 per year on average — 6% less than the cheapest cars with values between $10,000 and $15,000.

However, the most expensive cars — with values of more than $30,000 — did cost the most to insure, with an average annual car insurance premium of $3,847.

Cheapest cars to insure by car type

Auto shoppers will most likely have a specific type of vehicle that they are looking for when buying a new car. For example, if you need a passenger car, then you are more likely to look at SUVs or minivans.

Here are the most affordable models to insure for every car type we looked at.

Car type Cheapest model Average yearly rate
Small SUV Honda CR-V $2,346
Minivan Chrysler Pacifica $2,416
Standard pickup truck Ford F-150 $2,471
Small pickup truck Chevrolet Colorado $2,562
Subcompact car Ford Fiesta $2,621
Station wagon Honda Fit $2,720
Compact car Chevrolet Cruze $2,841
Standard SUV Chevrolet Tahoe $2,888
Large sedan Chevrolet Impala $3,001
Midsize sedan Toyota Camry $3,036


Which car make is the least expensive to insure?

Americans have a ton of car makes and brands to choose from when it comes to shopping for a new vehicle. Our research found that certain car makes tend to be more expensive compared to others. For example, we found that a Honda or GMC tended to be cheaper to insure when compared to luxury brands such as Mercedes-Benz or Tesla.

Rank Make Average yearly rate
1 Honda $2,736
2 GMC $2,785
3 Chrysler $2,842
4 Chevrolet $2,890
5 Kia $2,907
6 Toyota $2,913
7 Ram $2,998
8 Dodge $3,006
9 Ford $3,036
10 Volkswagen $3,109
11 Nissan $3,153
12 Jeep $3,347
13 Mercedes-Benz $4,125
14 Tesla $4,743


The cheapest car type to insure

Generally, one would think that large or fast cars would be more expensive to insure. However, standard size pickup trucks actually proved to be cheaper to insure on average than compact cars.

Below you can see which types of car are usually cheaper to insure:

Rank Type of car Average yearly rate
1 Minivan $2,590
2 Small pickup truck $2,633
3 Small SUV $2,700
4 Standard pickup truck $2,808
5 Station wagon $3,029
6 Midsize sedan $3,114
7 Compact car $3,120
8 Standard SUV $3,250
9 Subcompact car $3,500
10 Large sedan $3,513


Why does the car you drive affect your insurance rates?

Insurers set their premiums based on the likelihood that a driver of a certain vehicle will get into an accident. If drivers of a particular type of car file claims at a higher rate — even if they have a good driving record — then they will have to pay more.

This is why sports cars, which are more likely to be involved in accidents because of their high performance, often are expensive to insure.

Vehicles that cost more to repair — or have high market values — will also often have higher insurance rates. This is because insurance companies anticipate having to pay out more for any comprehensive and collision insurance claims — which cover the cost to repair or replace your vehicle — for high-cost cars. Because of this heightened risk for insurers, they increase premiums.

Lastly, car theft also plays a role in your rates. Some cars are stolen more than others, so if you are driving one of those cars, your rates are probably going to be higher. However, drivers should keep in mind that there are many other factors at play that impact auto insurance rates, such as age.

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