Cheap Car to Insure: Cars With the Lowest Premium and Rates

If you own a cheap car, insure it for liability only. This is the best way to save money on your insurance policy. If your vehicle is not worth a great deal, it will seem like poor judgment to spend over the value of the car by insuring it for collision.

Liability

All you would receive back from the insurer is the book value, and if you only paid four or five hundred dollars for the car, your policy would probably cost you ten times the value over the course of a year. Of course, that all depends on who was at fault in the event of an accident. If you are deemed to have caused it, you still won’t get paid for your own vehicle, but if someone else causes it, you will have your vehicles cash value awarded to you. So, for a cheap car, insure liability only and save dollars.

Cheap Cars to Insure

If you ever drive along the freeway or street and you catch sight of this nasty colored, very unattractive vehicle, you might think to yourself that the driver has the worst taste on the planet. You might be right about that, but it is a fact that the cheapest cars to insure are also the same cars no one else wants to drive. If a driver goes and buys a car, they might think that choosing a sleek black sporty car will be the ideal way to cruise around town. On the other hand, they might come out driving an entirely different car based on its safety ratings, price and track record.

Profiles

The personal profiles of an average driver who drives a specific model have huge influences on insurance premiums for that vehicle. Collision damage rates are based upon the loss history of specific cars. According to insurers, women who mainly use their cars to go shopping or take the kids to sports make the ideal drivers. They drive less, they don’t commute, they drive carefully and they usually buy vehicles with impeccable safety ratings.

Discounted Vehicles

If you buy a discount car, insure it to the book value. This may not affect your premium to any great degree because your own personal details and driving history will be considered, regardless of the car you buy.

Current Cheapest Cars to Insure

At this time, the Mazda Tribute 2WD is top of the cheapest cars insurance list, coming in just over $1,000 per year. Don’t forget, though, that whilst it is the cheapest vehicle to insure, your own details will still have an impact on your policy price. The Honda Odyssey is next in the list, coming in about $20 more than the Tribute, and third on the list is currently the 4WD Tribute version at a little over $1,100.  Fourth and fifth are the Chrysler Town and Country and the Jeep Wrangler at just over $1,150. Not surprisingly, there is yet another Tribute. The Tribute S 2WD sitting comfortably at number 6.