The 10 cars that are cheapest to insure
Car insurance rates should be simple to calculate. Inexpensive cars are cheap to insure because they cost less to fix. But the math is much more complex than that. Factors that determine insurance cost include the price of the car, age of the driver, how a car is driven and passenger protection. Based on data from Insure.com, these are 24/7 Wall Street’s 10 vehicles that are cheapest to insure in America:
10. Hyundai Tucson GL
Average annual premium: $1,204
The Hyundai Tucson, left, is Hyundai’s low-price crossover, costing less than $20,000 for the basic GL trim. The Tucson offers a number of features, including a traction control system and a touchscreen navigation system that provides “real-time road conditions” to help drivers avoid traffic.
9. Ford Explorer
Average annual premium: $1,197
The Explorer is Ford’s midrange SUV with a six-cylinder engine. The standard Explorer offers numerous features for better driving, such as a system that controls the car’s speed as it declines hills and a system for preventing trailers from swaying. The model also comes with Ford’s AdvanceTrac—a system for helping drivers maintain control if they oversteer or understeer, as well as for helping drivers avoid rolling over if they approach a curve too quickly.
8. Hyundai Tucson GLS
Average annual premium: $1,189
The GLS is the second version of the Tucson among the nation’s least expensive cars to insure. Unlike the standard GL, which costs $3,350 less, the GLS offers drivers the ability to shift between manual and automatic transmission, automatic headlights, and telescopic steering.
7. Subaru Outback 3.6R
Average annual premium: $1,180
The Subaru Outback is one of four different models Subaru of America sells in the SUV and crossover category. Of these models, the basic Outback has the second highest suggested retail price of almost $23,500. The Outback 3.6R is available for $5,000 more, and offers additional features such as a six-cylinder engine that provides for improved horsepower and torque over the base model.
6. Chevrolet Express 1500
Average annual premium: $1,171
Like the Ford Transit Connect, the Chevrolet Express is a commercial van. But unlike the Transit Connect, or any other car with similarly low insurance premiums, the Express has an eight-cylinder engine to provide torque for heavy cargo. The 1500 trim is the least expensive of the five offered. But whatever owners save on insurance, they will likely spend on gas. Over a five-year period, an Express 1500 with all wheel drive—which gets 14 miles per gallon—will use $7,000 more in gas when compared with the average 2013 model year vehicle.
5. Jeep Patriot Sport
Average annual premium: $1,160
The Jeep Patriot Sport is Jeep’s least expensive car, available in two-wheel drive for just under $16,000. The Patriot also receives considerably better gas mileage than other higher priced Jeeps with its 26 miles per gallon versus just 18 miles per gallon for the Jeep Wrangler. But despite providing savings on retail price, gas, and insurance compared with other vehicles, Edmunds.com noted that “other vehicles in this segment offer roomier interiors, more cargo space, better fuel economy, available V6 engines, superior fit and finish and even off-road capability.”
4. Kia Sportage
Average annual premium: $1,157
The Sportage is the least expensive of the three models Kia offers in the SUV and crossover category. The Sportage comes in a variety of trims, with the all-wheel drive, automatic transmission Sportage SX costing over $28,000. Included with the more expensive Sportage trims are features such as a rear-view camera, a Smart Key for starting the car with the push of a button, and a black gloss grille. The Sportage gets excellent safety ratings from the NHTSA, with the four-wheel drive versions receiving four stars and the all wheel drive versions receiving five stars.
3. Subaru Outback 2.5i Premium
Average annual premium: $1,150
The Outback 2.5i Premium—the second of the Subaru Outbacks among the least expensive cars to insure—has a lower average annual premium than any other foreign car. In addition to being $3,500 cheaper than the Outback 3.6R, Outback 2.5i Premium owners also save an average of $30 a year on insurance premiums. According to fueleconomy.gov, a six-cylinder Outback such as the 3.6R gets just 20 miles per gallon, while the four-cylinder 2.5i Premium gets 26 miles per gallon.
2. Jeep Grand Cherokee Laredo
Average annual premium: $1,148
The Grand Cherokee is Jeep’s most expensive model. At the low end, Grand Cherokees start in price at $27,695 for a Laredo 4×2, while the high-end SRT8 4×4 costs $60,295. Unlike the Laredo, the SRT8 model comes with an eight-cylinder engine, a sport mode and is described by Edmunds.com as “[adding] an ample dose of high-octane insanity to transform this part-time mountain climber into a part-time mountain road carver.”
1. Ford Edge SE
Average annual premium: $1,128
The Ford Edge SE carries a lower average insurance premium than any other car in the nation at an average of just $1,128. Although the Edge is a relatively recent addition to Ford’s lineup, the car has built a strong reputation in recent years. According to CarMD, the 2007 and 2008 Ford Edge are among the nation’s most dependable cars. During each of the last three model years since the second generation of the model was introduced for 2011, the Edge has received a four-star rating for safety from the NHTSA. Read more at 24/7 Wall St. Cheapest cars to insure in America.
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