UPDATED: Mar 13, 2020
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When it comes to car insurance rates there are a lot of factors that come into play. A person’s age, driving record, address, and even gender all play a role in how much you will pay for your car insurance policy. However, what some people may or may not realize is that the make and model of their vehicle can also affect the price of their monthly auto insurance premium.
When choosing a vehicle to drive there are many things to consider. Not only do you have to consider the size and style of the car you need, but you also need to think about the price, safety features, and even the color. With so much to consider, it is easy to understand why many people do not think about the cost of insurance for their vehicle as well.
Which Used Cars Are The Cheapest To Insure?
We all know that buying a used car can be a very wise decision. The old saying that a new vehicle loses 10% of its value as soon as you drive it off the car-lot couldn’t be more true. Buying used vehicles, therefore, makes lot of sense if you are looking to save money or if you are simply low on funds.
If buying a used vehicle is in your future, there are several makes and models to consider that will provide you with the best insurance rates. Below is a list of some of the cheapest used cars to insure.
When you are looking for a used vehicle that is cheap to insure, you really cannot go wrong with a minivan. The Honda Odyssey comes in as one of the cheapest minivans to insure. The reason for this is because year after year it comes in as one of the safest vehicles to drive.
One of the reasons that minivans are cheap to insure is because they are most often used as a family vehicle and because of this most people who drive a minivan are considered to be fairly safe drivers. A used Honda Odyssey should be at the top of your list if you are looking for a quality family vehicle with low insurance rates.
The Honda CR-V is a great used vehicle to consider if you are looking for something a bit more sporty that still comes with lower insurance rates. Over the years Honda has done a great job of changing the styling of the CR-V, from the first generation to now the fourth generation you really cannot go wrong when considering a used version of this vehicle.
The CR-V comes with great reviews from owners and has a great resale value overall. The safety features along with the great styling are what keep this car at the top of the list for many people interested in a quality used vehicle combined with good insurance rates.
When it comes to used cars that are cheapest to insure, the Buick Lucerne from 2008 is one of the best and the cheapest cars to consider. This is a great family vehicle as it is large enough to provide room for the entire family, but small enough to get decent gas mileage.
There are several great safety features of this vehicle including the side blind zone alert that tells the driver when there is another vehicle in a hard to see area.
Another great used car to consider for low insurance rates is the Toyota Camry. The Camry has long held the record for having a high resale rate as well as being a very safe and reliable vehicle to drive.
If you are in need of a good quality family vehicle that gets great gas mileage and will last you for a very long time, the Toyota Camry should be at the top of your list. Used Toyota Camry’s sell very quickly because of their proven track record.
Volvo is a brand that is associated with reliability. The Volvo V70 was manufactured from 1996 through 2016 and offers a great choice for those who are looking for a used vehicle with great safety features and insurance rates.
The V70 is available in a front wheel and all wheel drive version and there is even a Cross Country version of the vehicle available. The insurance rates for this used vehicle are low because of its quality build and safety features.
Final Word On Picking The Right Used Car
When it comes to purchasing a used vehicle it is important to consider many factors including how much the insurance for the vehicle is going to cost. When it comes to insurance rates for a used vehicle the overall safety of the vehicle is going to be important.
You will find that most family vehicles such as mini-vans, midsize SUVs, and family cars, are going to have the most affordable insurance rates. The main reason for this is because insurance companies consider family vehicles to not only be safer to drive, but also drivers who purchase and drive these vehicles are typically more cautious. Therefore, if you are looking to buy a used car that can also save you a bit on your insurance bill, please consider choosing any of the vehicles from our list above.