The Cheapest Cars to Insure in 2022

The Cheapest Cars to Insure in 2022

The Honda HR-V, Mazda CX-5 and Volkswagen Tiguan are the cheapest cars to insure, offering annual savings of more than $1,000 per year compared to the most expensive models.

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Minivans and small SUVs are, on average, the least expensive cars to insure when compared to other vehicles. Furthermore, large sedans have the most expensive car insurance across the industry.

Auto insurance costs are higher for certain vehicles for various reasons — a car with high repair costs, a poor safety record or few anti-theft features will likely cost more to cover.

What is the least expensive car to insure?

The Honda HR-V was the cheapest car to insure out of the 50 vehicles we considered, with an annual auto insurance cost of $2,333.

This is 16% less than the average yearly premium across all vehicles we surveyed. Furthermore, the CR-V's insurance cost was $1,893 less per year than the most expensive car to insure — the Tesla Model S.

Cheapest Cars to Insure

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Rank
Make
Model
EPA size class
Annual premium
1HondaHR-VSmall Station Wagon$2,333
2MazdaCX-5Small Sport Utility Vehicle$2,343
3VolkswagenTiguanSmall Sport Utility Vehicle$2,344
4JeepWranglerSmall Sport Utility Vehicle$2,374
5SubaruForesterSmall Sport Utility Vehicle$2,381
6HyundaiKonaSmall Sport Utility Vehicle$2,390
7HondaCR-VSmall Sport Utility Vehicle$2,445
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* Indicates 2021 model, as not all 2022 models are available yet.

A cheaper car does not always have cheaper car insurance.

Vehicles with values between $25,000 and $30,000 actually had the lowest auto insurance rates at $2,631 per year on average — 7% less than the cheapest cars with values less than $20,000.

However, the most expensive cars — with values of more than $40,000 — did cost the most to insure, with an average annual car insurance premium of $3,459. This group included a Lexus SUV and two Tesla models.

Cheapest cars to insure by car type

Auto shoppers will most likely have a specific type of vehicle that they are looking for when buying a new car. For example, if you need a vehicle that can hold many passengers, you are more likely to look at SUVs or minivans.

EPA size class
Cheapest model
Average yearly rate
Small Station WagonHonda HR-V$2,333
Small Sport Utility VehicleMazda CX-5$2,343
Standard Pickup truckFord Ranger$2,558
MinivanHonda Odyssey$2,585
Standard Sport Utility VehicleChevrolet Traverse$2,632
Small Pickup truckToyota Tacoma$2,656
Midsize carHonda Civic$2,732
Large carHonda Accord$2,828
Compact carToyota Corolla$2,918

* Indicates 2021 model, as not all 2022 models are available yet.

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Which car make is the least expensive to insure?

Americans have an extensive range of car brands to choose from when shopping for a new vehicle, and certain car makes tend to be more expensive than others. For example, a Mazda or Volkswagen tended to be cheaper to insure when compared to luxury brands such as Lexus or Tesla.

Rank
Make
Annual premium
1Mazda$2,343
2Volkswagen$2,344
3Honda$2,580
4Subaru$2,583
5Kia$2,637
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The cheapest car type to insure

Generally, one would think that large or fast cars would be the most expensive to insure. However, SUVs, small station wagons and minivans proved cheaper to insure on average than compact cars.

Below you can see which types of car are usually cheaper to insure:

Rank
EPA size class
Average cost
1Small Station Wagon$2,333
2Minivan$2,585
3Small Sport Utility Vehicle$2,609
4Small Pickup truck$2,656
5Standard Sport Utility Vehicle$2,899
6 (tie)Compact car$2,918
6 (tie)Large car$2,918
8Midsize car$3,081
9Standard Pickup truck$3,120
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However, the two most expensive vehicles to insure were among the most expensive: the Tesla Model 3 and the Lexus RX.


Why does the car you drive affect your insurance rates?

Insurers set their premiums based on the likelihood that a driver of a certain vehicle will file a claim, and the expected cost of a claim should it be involved in an accident.

If drivers of a particular type of car file claims at a higher rate — even if they have a good driving record — they will have to pay more.

This is why sports cars, which are more likely to be involved in accidents because of their high performance, often are expensive to insure.

Vehicles that cost more to repair — or have high market values — will also often have higher insurance rates. This is because insurance companies anticipate having to pay out more for any comprehensive and collision insurance claims, which cover the cost to repair or replace your vehicle, for high-cost cars. Because of this heightened risk for insurers, they increase premiums. This is also why car insurance rates may decrease as your car ages — increasing the availability of replacement parts can make a repair cheaper.

However, sophisticated safety features such as early crash detection or advanced airbags may reduce your rates, as they may reduce the likelihood or severity of a crash, especially regarding injury. While vehicle damage claims are more common than bodily injury claims, the average payout for the latter is much higher.

Lastly, car theft also plays a role in your rates. Some cars are stolen more than others, so if you are driving one of those cars, your rates will probably be higher. However, drivers should keep in mind that there are many other factors at play that impact auto insurance rates, such as age.

Methodology: How we got our data

ValuePenguin gathered insurance quotes for the 2022 models of the 50 top-selling consumer cars of 2021 using sales for the first nine months of the year. Rates weren't yet available for all 2022 car models. In those cases, we included the 2021 model.

All sample rates are state averages in Illinois for a 30-year-old with a good driving record. All quotes are for full coverage. We included rates from the five largest insurers in the country: State Farm, Progressive, Geico, Allstate and USAA.

EPA size categories were collected from Fueleconomy.gov. Car MSRPs are from car manufacturer websites.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.