5 Car Brands That Are the Cheapest To Insure
Many factors affect your car insurance rates, but your car make and model are among the top considerations. Car brands that typically have fewer liability claims and fewer emergency fund-draining repairs are cheaper to insure than others.
Here’s a look at the car brands that are the cheapest to insure, as identified by MarketWatch Guides.
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1. Mazda
Average cost to insure: $138 per month or $1,658 per year
The average cost to insure a Mazda is about 4% less than the national average cost, MarketWatch Guides reported.
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2. Volkswagen
Average cost to insure: $142 per month or $1,707 per year
The average cost to insure a Volkswagen is about 1% less than the national average.
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3. Subaru
Average cost to insure: $146 per month or $1,752 each year
Although the average cost to insure a Subaru is $146 per month, some insurers offer coverage for under $100, MarketWatch Guides found.
4. Jeep
Average cost to insure: $153 per month or $1,833 per year
Although Jeep is one of the least expensive car brands to insure overall, your actual rate will depend on the model.
5. Honda
Average cost to insure: $156 per month or $1,869 each year
Driving a Honda can save you on insurance compared to other car brands.
Insurance cost data is sourced from MarketWatch Guides and is accurate as of April 11, 2024.
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This article originally appeared on GOBankingRates.com: 5 Car Brands That Are the Cheapest To Insure