Top 10 Least Expensive Cars to Insure Today

Buying a New Car and Insurance at the same time

Mark McCrell is an auto aficionado who loves to drive his 1974 Buick LaSabre around town and write about all things auto. He currently blogs for Underground Elephant which specializes in generating auto insurance leads.

Now, there’s nothing wrong with wanting to pay a little less in car insurance premiums each year. There are many things that one can do in order to help lower their premiums once they own their car, but there are actually plenty of cars out there that start out with a low insurance rate. Based on your driving record, credit, location, and a number of other factors, you could see those rates go down even lower. The national average for car insurance is $1,702 with the high end being for Rhode Island drivers who pay $2,132 per year and the low end of $1,256 for North Carolina drivers.

The numbers
If you’re in the market for a new car and want to stretch those dollars even further, then you’ll want to consider one of the cars on this list. (Sourced through Forbes.com)

# Make and Model Yearly Premium – Top Least Expensive Cars to Insure
1 Toyota Sienna $1,111
2 Jeep Patriot Sport $1,116
3 Jeep Compass Sport $1,118
4 GMC Sierra 1500 Regular Cab $1,121
5 Chevrolet Silverado 1500 Regular Cab $1,125
6 Dodge Grand Caravan SXT $1,143
7 Ford Escape XLS $1,137
8 Dodge Journey SXT $1,143
9 Honda Odyssey LX $1,146
10 Kia Sportage $1,151

Numbers breakdown
The amazing thing is that the difference between the number one and the number ten spot annual premiums is only $40 for these ten cars. Really, any car on the list would net you great savings each year for insurance. Bouncing back from their recall woes of 2009 and 2010, Toyota tops the list with their Sienna clocking in at only $1,111 a year to insure. If you compare that to the national average of $1,702, then you’re cashing in a cool $591 a year in savings. Since the Sienna only gets an averleast expensive cars to insureage of 21 MPG, you’ll be spending a lot on gas every year, but that extra $59 in savings can definitely be put to good use being spent at the pump.

What does this tell us about insurance companies?
These insurance numbers tell us that insurance companies like to insure large vehicles. Larger vehicles do tend to be safer, especially since they can afford to pack in more safety features in their large frames. Consumers who buy larger vehicles like trucks, vans, and SUV’s aren’t necessarily concerned with ultra-high gas mileage found in smaller cars, which means that larger vehicles can be built with heavier, sturdier frames and plenty of reinforcement. Great news for the safety of the occupants, and bad news for gas mileage. Maybe there is a good trade-off in that, though since SUV’s and minivans are more suited for growing families, and as any parent knows, the safety of your passengers comes above all else.

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