Vehicle insurance rate is determined by a variety of factors. Everything from where you live to who you are and, of course, your driving record is scrutinized. The car you drive has a significant influence as well. The vehicle’s age, as well as its type and model, are all variables.Vans were the cheapest vehicle class to insure in 2022, followed by pickups and SUVs. Automobiles had the highest average premium. Due to their high cost of repair and pricey parts, high-performance automobiles, sports cars, electric vehicles, and luxury SUVs are among the most expensive cars to insure. More popular, low-MSRP vehicles, like those mentioned below, are less expensive to insure in 2022.
Ford TransitThe Ford Transit cargo van ranks first on our list. Vans are often less expensive since they are considered family cars, which means older and more experienced drivers who are less prone to take risks on the road. Vans are also larger than cars and have higher safety ratings. Finally, vans are not often high on the priority lists of criminals, thus they are less likely to be stolen. Ford is the ninth most affordable brand to insure.
Honda CR-VThe Honda CR-V, which continues our list of compact SUVs, has rapid acceleration, an elegant cabin, and relatively inexpensive insurance prices. Honda is ranked 10th among the cheapest manufacturers, but this model jumps to number second.
Subaru CrosstreckThe robust Subaru Crosstreck, another subcompact SUV, ranks third on our list of the cheapest cars to insure. This 2021 model combines car-like handling with increased ground clearance and a truck-like appearance. Subaru is placed higher, at number five in terms of lowest average premium.
Fiat 500XAside from the Fiat 500X model ranking fourth on our list, Fiat as a brand is the cheapest to insure in 2022. In terms of the automobile itself, the Fiat 500X is another crossover SUV with a coupe-like design.
Kia SoulThe Kia Soul, a crossover SUV that achieves up to 33 miles per gallon on the interstate and has an insurance premium of $137 per month, is ranked fifth on the list. It has five seats and was named an IIHS Top Safety Pick for 2020. The same year, it was awarded the Best Subcompact SUV for the Money by US News.
Mazda CX-5 SportThe Mazda CX-5 Sport 2021 is a manoeuvrable crossover with outstanding fuel efficiency. It boasts a modest starting price and an easy-to-use infotainment system. It lacks back storage capacity as a subcompact SUV. According to our 2022 analysis, it was the cheapest car to insure by make and model. Surprisingly, Mazda ranks sixth on our ranking with the cheapest average premiums.
Toyota C-HRThe Toyota C-HR is a compact SUV that combines the convenience of a sedan with the elevated seating of an SUV. The automobile has a higher beginning price than the Mazda, as well as a slightly higher average premium. While this model is high on our list of the cheapest to insure, Toyota as a whole is 15th on the list of the cheapest manufacturers, but this model jumps to number seventh.
Chevrolet SilveradoThe Chevy Silverado vehicle has five seats. The regular gas engine gets roughly 22 miles per gallon on the highway, but the diesel variant can achieve 33. In Kelley Blue Book’s 2020 awards, the Silverado was in the top ten for Best Resale Value, and it won in the Full-Size Pickup category in 2017.
Jeep CompassThe Jeep Compass is the ninth cheapest vehicle to insure. However, when compared to the other crossover SUVs on our list, it is the second cheapest. Nationwide and GEICO may be the most cost-effective selections for six-month insurance.
Ford F-150The Ford F-150 is our last vehicle on the list, coming in at number ten. It also holds the distinction of being the most popular vehicle in America in terms of yearly sales in 2021. Because it’s a truck, it has the highest MSRP of any car on our list thus far. But that is about to change with the arrival of number ten.
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