Shopping around for insurance quotes and paying for auto insurance is one of the less-enjoyable things that come with owning a vehicle.
But, if you're interested in paying as little as possible for your annual premium, you'll definitely want to check this out. The Zebra recently posted a 2020 list outlining the cheapest cars to insure, and we've got the list of the top 10 you should consider.
10 of the Cheapest Cars to Insure in 2020
Of course, there's a detailed methodology behind car insurance rates, so price will vary greatly from person to person. However, it's generally acknowledged that if you go for some high-priced luxury car or sports car model, you should expect a higher price than say a Hyundai or Honda CR-V.
Plenty of other factors, including your driving record, credit score, location, repair costs, safety features, and deciding to go full coverage or basic liability will have an affect on insurance cost as well. Let's take a look at the national averages of the least-expensive cars to have an insurance policy on.
1. Subaru Outback
The winner with the cheapest auto insurance rate is the Subaru Outback. Average cost for a six-month premium is $644. Annually, this equates to around 4.84% of the vehicle's MSRP. Not bad at all, considering it's even lower with a clean record! On top of that, the Subaru Outback in general sells for a pretty affordable price and has a great safety rating, so it's no surprise they're producing large numbers of them.
2. GMC Canyon
For those that are in the mid-sized pickup truck market, the GMC Canyon is a tempting choice. Insurance premiums on this vehicle came in at a close second for the cheapest cost with a nationwide average of $651 for a six-month policy. Some people have even reported as low as $234 for six months. Pickup trucks aren't cheap, but at least you'll save lot of insurance money with this model.
3. Nissan Frontier
Another affordable contender in the mid-sized truck market: the Nissan Frontier. Insurance companies average a price of $694 for a six month policy. That's $63 less than the national average for car insurance. Shop around a bit, and you could find rates in the $500s.
4. Fiat 500x
As the cheapest crossover SUV, you'd only expect to pay $719 to insure a Fiat 500x for half a year. Cheaper rates have been reported around $321, but you can't argue with the value in that. It's also in the lower end of the $20,000s to purchase the new vehicle itself.
5. Jeep Compass
Coming in fifth, you've got the Jeep Compass. The Chrysler product is one of the most affordable new cars on the market, and insurance follows suit. With the average of $729 for six months, you'd pay around $120 per month. That'll undoubtedly feel good in the wallet. You could also check out the Renegade sport models for insurance cost in the same realm.
6. GMC Sierra
With a full-sized pickup, you should expect the rate to be a little higher than the mid-sized market. However, with the GMC Sierra, on average you'll only pay around $40 more dollars for it, coming in at $732 for six months. That's more truck for only a small percent increase. This surely makes the Sierra a tempting consideration for a pickup purchase.
7. Ford Escape
The Ford Escape crosses the list as the seventh cheapest car to insure. At a solid price range for the vehicle, these things are selling well, and the owners are paying around $735 for a semi-annual insurance policy. People with good credit have even reported getting this policy for as low as $321, which is practically nothing.
8. Ford Transit Connect
The Ford Transit Connect may not be for everyone, but for large families or companies, these vehicles are extremely popular to purchase. As an insurer, this is easily one of the best cargo/passenger vans you can get, with a rate around $735 per six months. Keep that in mind the next time you're shopping around for a company transport vehicle.
9. Chevrolet Traverse
Matching the Ford Transit Connect, Chevrolet Traverse owners pay on average about $735 semi-annually. That's only $122 per month for a new vehicle. This puts the Traverse insurance cost around 3% lower than the national average. Also, it's got much more "cool" factor for a family vehicle as opposed to some minivan. Don't do that to yourself.
10. Kia Sportage
Last, but certainly not least, is the Kia Sportage. It's the fifth crossover featured on this list, so it's definitely a hot market. For a six-month policy, you can expect to pay around $737 on average, which is still a pretty smoking deal. These Kias have extremely low MSRP's as well, so they're worth checking out.
If you want to find a personalized result for the least expensive vehicle to own, you should absolutely check out The Zebra. These are just average prices, but as I stated earlier, prices can vary greatly. This company saves you tons of time by offering the best insurance option for your personal new or used car. If the day ever comes where you need to open an insurance claim, you'll be happy they were able to get you the lowest deductible with the best coverage.