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Cars with the Cheapest Insurance Rates 2023

Ever wondered why certain cars seem to have lower insurance rates than others? Well, it isn’t a random decision. Insurance companies base their rates on data-backed factors, including the make and model of the car, its safety features, and its track record on the road.

In this article, we’ll explore these factors, dive into which cars have the cheapest insurance rates, and provide some tips to help you lower your insurance costs.

The Factors That Influence Car Insurance Rates

Vehicle Make and Model

The make and model of a car can significantly impact its insurance rates. Expensive luxury cars usually have higher insurance costs compared to their economical counterparts, primarily due to the high cost of repairs or replacements.

Vehicle Age

Brand new cars tend to have higher insurance rates as their value is at its peak. On the other hand, older cars may have lower insurance costs, especially if they have been well-maintained.

Safety Features

Cars equipped with advanced safety features like automatic braking systems, blind-spot detection, and lane-keeping assist can fetch lower insurance rates due to their role in preventing accidents.

Top Cars with the Cheapest Insurance Rates

Honda Odyssey

The Honda Odyssey is known for its low insurance rates. This minivan’s safety features, reliability, and cost-effective parts make it a favorite among insurance companies.

Jeep Wrangler

The Jeep Wrangler is another vehicle with low insurance costs. Its simple design, durability, and off-road prowess make it less likely to sustain significant damage in an accident, reducing insurance rates.

Subaru Outback

The Subaru Outback is a family-friendly car that also boasts low insurance rates. Its high safety ratings and affordable repair costs contribute to its low insurance costs.

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Ford Escape

The Ford Escape is another car that is known for its low insurance rates. It’s a popular choice for families due to its spacious interior and safety features, which also contribute to its affordable insurance costs.

Chevrolet Equinox

The Chevrolet Equinox is a compact SUV that offers excellent safety ratings, contributing to its low insurance rates. It’s equipped with an array of safety features, making it a secure and cost-effective choice for many drivers.

Toyota RAV4

The Toyota RAV4’s insurance-friendly rates can be attributed to its reliability, solid safety scores, and affordable maintenance costs. It’s a practical choice for those looking for a vehicle that won’t break the bank when it comes to insurance.

Hyundai Tucson

The Hyundai Tucson is a compact SUV with budget-friendly insurance rates. Its affordability, combined with its advanced safety features and reliable performance, make it a preferred choice among insurance providers.

GMC Sierra

The GMC Sierra is a full-size pickup truck that boasts low insurance rates. Its durable build and high safety ratings contribute to its appeal to insurance companies.

These additional cars, like those mentioned before, offer a great combination of safety, affordability, and style, all while boasting low insurance rates. Remember, the car you choose can significantly impact your insurance costs, so make sure to consider these options if you’re looking to save.

Why These Cars Have Cheaper Insurance Rates

Safety Ratings

Cars with high safety ratings typically have fewer claims, making them cheaper to insure. Insurance companies reward cars with fewer claims with lower premiums.

Cost of Replacement Parts

Cars with easily available and affordable replacement parts have lower insurance rates. If a car is expensive to repair, it will be expensive to insure.

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Theft Rates

Cars that are less likely to be stolen have lower insurance rates. For example, sports cars, known for their appeal to thieves, will have higher insurance premiums

How to Lower Your Car Insurance Rate

Choose a Car with Low Insurance Rates

One of the easiest ways to lower your insurance rate is by choosing a car known for its low insurance costs. Like we’ve discussed, cars like the Honda Odyssey, Jeep Wrangler, and Subaru Outback are great options.

Maintain a Clean Driving Record

Insurance companies love safe drivers. Maintaining a clean driving record can significantly reduce your insurance premiums. This means avoiding traffic violations and accidents as much as possible.

Leverage Discounts

Most insurance companies offer various discounts. This can range from safe driver discounts, good student discounts, to bundling your auto insurance with other insurance policies. Make sure to ask your insurance provider about any discounts you may qualify for.


Choosing a car with cheap insurance rates doesn’t mean you have to compromise on quality, safety, or style. As we’ve seen, vehicles like the Honda Odyssey, Jeep Wrangler, and Subaru Outback offer a great mix of all three, coupled with low insurance rates. Remember, factors like the car’s make and model, safety features, and your driving record can significantly impact your insurance costs. So, choose wisely and drive safely!


1. Why do certain cars have lower insurance rates? Certain cars have lower insurance rates due to factors like high safety ratings, affordable replacement parts, and low theft rates.

2. Does the age of a car impact insurance rates? Yes, the age of a car can significantly impact insurance rates. Brand new cars tend to have higher insurance rates, while older, well-maintained cars can have lower rates.

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3. Can I lower my car insurance rate even if I don’t have a car with low insurance rates? Yes, by maintaining a clean driving record and leveraging available discounts, you can lower your car insurance rate.

4. Are expensive cars always more costly to insure? While this is often the case, it’s not a rule. Insurance costs depend on several factors including the cost of replacement parts, safety features, and the car’s theft rate.

5. Are family cars cheaper to insure? Generally, family cars like minivans and SUVs are cheaper to insure due to their safety features and lower theft rates.

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