When considering a list of the cheapest cars to insure, one of the biggest affordability factors is the amount of risk an insurance company is potentially taking on with a given model. In other words, it’s a safe bet any model appearing on our list of the top 10 most ticketed cars will probably not be found here. When you’re trying to determine the affordability of any given car, this is a key consideration.
If you’re car shopping, once you’ve narrowed your search to the top three or four models, it’s always a good idea to check with some insurers to see what it’d cost to insure each of them. This information should definitely be one of your determining factors. After all, you’ll be paying the premium for as long as you own the car.
Keep in mind; situations do vary from individual to individual. While females usually enjoy lower premiums than males, younger people – regardless of their gender – will typically encounter higher premiums. Insurance rates are all about perceived risk. Young males tend to engage in riskier driving behaviors than females in general. Similarly, younger drivers tend to have more accidents than older, more experienced drivers.
This listing of the cheapest cars to insure was compiled based upon the findings of a survey conducted by the car insurance Website, Insure.com. The quotes listed average the annual premiums of six of the largest insurance carriers, and are based upon what they’d charge to fully cover a 40-year old male with a 24-mile daily commute, a clean driving record and good credit. The quotes include uninsured motorist coverage.
Other elements factored into the average premium include a $500 deductible, $100,000 for injury liability for one person, $300,000 for all injuries, and $50,000 for property damage in an accident (also known as 100/300/50 coverage). The ZIP code where the car is parked at night also comes into play – because of the potential for theft. For this list, 10 ZIP codes from each state were factored into the average.
With all of those considerations, the 10 cheapest cars to insure for 2015 are…