What is the cheapest car to insure in 2023?

If you're on the hunt for a car that won't break the bank when it comes to insurance costs, you've come to the right place. We've done the research and gathered a list of the top 15 budget-friendly cars that are a hit with insurance providers. From the adventurous Subaru Forester to the sleek Mazda CX-30, these vehicles are paving the way for affordable auto coverage. So, what makes them stand out in the world of car insurance? Let's delve into the reasons why these 15 cars are the cheapest to insure:

  1. Subaru Forester: Safety First, Savings Second
    The Subaru Forester is a beloved choice among adventure enthusiasts and safety-conscious drivers alike. Equipped with advanced safety features and boasting excellent crash test ratings, insurers have faith in the Forester's ability to protect passengers and avoid accidents. When they see a car that prioritizes safety, they're more likely to offer affordable insurance rates, making the Forester a win-win for its owners.

  2. Subaru Outback: Versatility and Reliability Pay Off
    Another Subaru gem that keeps insurance costs low is the Subaru Outback. Its reputation for durability, reliability, and strong safety performance gives it a positive standing with insurance companies. Moreover, the Outback's reasonable repair costs contribute to its budget-friendly insurance premiums.

  3.  Honda CR-V: A Class Act for Insurance Savings
    The Honda CR-V is a favorite in the compact SUV category, and insurance providers know it. Honda's commitment to safety and dependability has earned the CR-V favorable ratings in crash tests and safety evaluations. This impressive track record translates to lower insurance costs for CR-V owners.

  4.  Jeep Wrangler: Adventure Meets Affordability
    You might think that an adventurous off-roader like the Jeep Wrangler would come with sky-high insurance premiums, but think again. The Wrangler's loyal fanbase and excellent safety features work in its favor, earning it moderate insurance rates that won't dampen your spirits or your wallet.

  5.  Subaru Crosstrek: Redefining Insurance Friendliness
    Subaru makes its third appearance on our list with the Subaru Crosstrek, proving its commitment to safety and affordability. The Crosstrek's versatility, standard all-wheel drive, and strong safety ratings make it a winner in the eyes of insurance providers.

  6.  Mazda CX-5: Balance Between Style and Savings
    The Mazda CX-5 is a shining example of style and practicality coming together seamlessly. Mazda's commitment to safety and design excellence has resulted in a vehicle that insurers view favorably. With a strong safety profile, the CX-5 secures its spot as one of the cheapest cars to insure.

  7.  Ford Escape: Savings Made Easy
    Ford's ever-popular Escape is not only a top choice for drivers but also for insurance companies. With its extensive safety features and widespread availability of parts, the Escape proves to be an affordable choice for insurance coverage.

  8.  Ford F-150: Power with a Side of Savings
    The Ford F-150 may be known for its power and towing capabilities, but it also comes with surprisingly reasonable insurance costs. Insurance providers acknowledge the F-150's strong safety features and widespread availability of parts, making it a wallet-friendly option for truck lovers.

  9.  Chevrolet Colorado: A Pickup with Perks
    The Chevrolet Colorado boasts a reputation for durability and practicality. Insurance companies recognize the Colorado's robust safety features and moderate repair costs, which contribute to its affordable insurance rates.

  10.  Chevrolet TrailBlazer: The Trailblazer to Insurance Savings
    The Chevrolet TrailBlazer's strong safety ratings and practicality make it an attractive choice for budget-conscious drivers. Insurance providers see its safety features and reliable performance, leading to favorable insurance premiums.

  11.  Honda Pilot: Elevating Insurance Savings
    Honda makes a second appearance on our list with the Honda Pilot. As a spacious and reliable family SUV, the Pilot's safety ratings and low repair costs add up to affordable insurance coverage.

  12.  Hyundai Tucson: Compact SUV, Compact Costs
    The Hyundai Tucson impresses with its blend of value, style, and safety. Insurance providers appreciate the Tucson's safety features, leading to lower insurance costs for its owners.

  13.  Hyundai Venue SEL: Affordable Allure
    The Hyundai Venue SEL charms drivers and insurers alike. With excellent safety ratings and a strong reputation for reliability, the Venue SEL secures a spot among the cheapest cars to insure.

  14.  Toyota RAV4: Legendary Affordability
    The Toyota RAV4 has long been celebrated for its reliability and fuel efficiency. Its proven track record and exceptional safety features contribute to its place as a cost-effective option for insurance coverage.

  15.  Mazda CX-30: Small Wonder, Big Savings
    The Mazda CX-30 proves that good things come in small packages. This stylish and efficient crossover delivers on safety and practicality, making it an attractive choice for budget-friendly insurance premiums.

Factors That Affect Car Insurance Rates

Now that we've explored some budget-friendly car models, it's crucial to understand the factors that insurance companies consider when determining premiums. Let's dive into the key elements that influence car insurance costs:

  1. Driving Record: Your driving history plays a significant role in calculating insurance premiums. A clean record with no accidents or traffic violations often leads to lower rates, as it indicates a lower risk profile.

  2. Location: The place where you live and park your car affects insurance rates. Areas with higher crime rates or a higher likelihood of accidents may result in increased premiums.

  3. Age and Gender: Statistically, younger and less experienced drivers tend to have higher accident rates, leading to higher insurance costs. Gender can also be a factor, as some studies suggest that young male drivers are more likely to be involved in accidents than their female counterparts.

  4. Vehicle Type and Safety Features: The make and model of your car significantly impact insurance rates. Vehicles with high safety ratings and advanced safety features often receive more favorable insurance premiums.

  5. Usage and Mileage: The more you drive your car, the higher the risk of accidents. If you have a long daily commute or frequently use your car for business purposes, it could lead to increased insurance costs.

 

What Makes a Vehicle Expensive to Insure?

On the flip side, some car models can be costly to insure due to various factors. Insurers consider these elements when determining higher insurance rates for certain vehicles:

  1. Luxury and Sports Cars: Luxury and sports cars generally have higher repair costs, and their high performance can lead to a greater risk of accidents, resulting in higher insurance premiums.

  2. High-Theft Vehicles: Cars that are frequently targeted by thieves may face elevated insurance costs due to the increased likelihood of theft claims.

  3. Repair Costs: If a specific car model has expensive parts or specialized components, insurers may charge higher premiums to account for potential repair costs.

  4. Crash Test Ratings: Cars with poor crash test ratings are considered riskier to insure, as they may pose a greater threat to passengers in the event of an accident.

  5. Historical Claim Data: Insurers analyze historical claim data to identify trends and assess risk. If a particular car model has a higher frequency of claims, it may lead to increased insurance rates.


When searching for the cheapest car to insure in 2023, consider not only the initial purchase price but also the long-term costs associated with car insurance. Factors like driving record, location, vehicle type, and safety features all play a pivotal role in determining insurance premiums. By selecting a car model with a good safety track record, you can potentially save money on insurance without compromising on quality or style.

So, before you hit the road, do your research, explore the options, and make an informed decision that suits both your budget and your driving needs. Stay safe and happy driving!

Receive a Free, No-Obligation Quote Today

We offer free quotes that make shopping for car insurance convenient and hassle-free.  Submit our free online quote form or contact us to get a no-obligation insurance quote.  

Disclaimer: The information in this article is for general informational purposes only. Car models and insurance rates may change over time and can vary based on location and personal circumstances. This article does not offer professional advice or endorse specific car models or insurance providers. Before making any decisions about car purchases or insurance, conduct thorough research and consult with experts, including a Littleton auto insurance broker. Always exercise due diligence and make informed decisions based on your individual needs and preferences.

Great Frontier Insurance