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What Are the Cheapest Cars to Insure?

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The cheapest cars to insure

A number of factors come into play when determining the cost of insurance for any given car. Besides the value, factors such as passenger protection, age of the driver and driving history determine how much you pay for a car insurance policy. If that is the case, the next question that comes to mind is which are the cheapest cars to insure?

It goes without saying that cars with a small monetary value will be the most affordable to insure. Before getting down to the specifics, perhaps it is important look at details factors that affect the overall cost of car insurance.

5 Factors That Affect a Cars Cost to Insure

Costs of Repair… Insurers will put into consideration what it will cost them to repair your car before charging you for the insurance. If the costs are high, it goes without saying that the car insurance rates will be high and vice versa.

Spare Parts Cost… Again, just like the costs of repair, the cost of your car’s spare parts will determine the overall insurance cost. You can be sure that the insurance company will include the cost of repair in the quote they will give you.

The Car’s Value… This is the most obvious benchmark against which car insurance costs are determined. The cheapest car to insure is the one that has the least value because the above-mentioned factors will cost the insurance less money.

The Car’s Performance… The higher the performance, the greater the likelihood of driving at high speed. Cars with high performance are most likely to make claims as compared to slower or used cars.

Security Features… There are cars that are fitted with security features such as alarms, tracking devices and gear locking systems. Such cars are likely to be safe from risks such as theft hence cheaper to insure. On the other hand, cars with little or no security features will always attract higher premiums.

Having said that, here is a look at the cheapest cars to insure based on the above-mentioned factors in no particular order.

The Chevrolet Spark

The Chevrolet Spark
The Spark is not only cheap to buy but has a not so high performance level. Consequently, it attracts low premium hence cheap to insure.

In addition, it is made using the high safety standards associated with all Chevrolet models.

The Hyundai i10

The Hyundai i10
The i10 is categorized under the Insurance group1. It is cheaper than its predecessors and rightly features among models that attract the most inexpensive car insurance.

It has an engine capacity of only 1000 cc making it highly economical. The entertainment features that it comes with makes it a hot favorite among young drivers.

The SEAT Mii

The SEAT Mii
Made using the green technology, the Mii is an extremely economic car, and you rank in the same class as the Spark in terms of fuel economy.

This is an Eco motive model that is made to release very little emissions into the environment.

In fact, in some countries such as the United Kingdom, it has been exempted from road tax and London Congestion Charge, thus it is not surprising to figure out why it attracts among the lowest car insurance premiums.

The Skoda Citigo

The Skoda Citigo
The mere fact that the Citigo is made by Volkswagen should give you an idea of its safety features. It is categorized in the insurance group 1, primarily because of its affordability and unyielding engineering.

The Citigo is designed to carry an average family and is spacious despite is compact design. It is easy to drive around and to park it is a breeze as well.

The Smart Cabriolet

The Smart Cabrilet
You would expect that smart cars are one of the cheapest cars to insure. Right to your guess, they are, mainly due to their fuel economy and low price. However, their spare parts and maintenance costs might be high but that does not have a significant effect on the overall insurance cost.

The Cabriolet is made with incredible safety features that by extension lower its chances of getting involved in an accident. Due to its size, it is easy to find parking and drive around.

The Ford Explorer

The Ford Explorer
The Explorer might be a mid-range SUV, but its safety features make it very cheap to insure. The features not only increase its ease of driving but also lower its chances of causing or being involved in an accident. So well thought out is its speed system that it reduces the cars velocity as it cruises down a hill and prevents sway if you’re pulling a trailer.

Mostly, when asking for car insurance quotes, safety features are a predominant factor when calculating the premium. The Explorer scored well on that front hence the reason for being in the cars with the most affordable insurance list.

The Citroen C1

The Citroen C1
The C1 is not only cheap to maintain but also to service. If you buy it through dealer car financing, you may get a one-year free insurance. However, this is only from authorized dealers only. If you reside in the city, the C1 could make an incredible choice due to its compact size and small engine capacity.

So economical is the C1 that it has regularly been named as one of the most cost-effective cars you would ever own. It has low emissions to the environment as well.

The Vauxhall Corsa Hatchback

The Vauxhall Corsa Hatchback
The Corsa has its reliability for its claim to fame. It is listed in the insurance group 1 which means that its insurance cover is highly affordable. It is spacious and comes with safety features to cater for all is occupants.

Just like most cars with low insurance rates, it has a low fuel consumption rate and relatively cheap. The Corsa is also a hot favorite among young drivers.

While the above list features new cars, the other category of vehicles with the lowest insurance rates are used cars. A second-hand car, whether yours or on a lease to own basis will most of the time attract low insurance rates. This is largely because they have low values hence cheap insurance rates.

Well, if you have been wondering what is the cheapest auto to insure, the above list answers your question. It is imperative to mention that this is not the ultimate list. The cheapest cars to insure are the ones that meet the earlier mentioned considerations.



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