This Surprising Vehicle Is Cheapest to Insure

driver holding a car key
Photo by Martin Novak / Shutterstock.com

If you want to keep your car insurance costs low, look past the sedans, SUVs and trucks at the dealership.

And instead, say hello to those little-loved vans.

As it turns out, vans are the cheapest type of vehicles to insure, according to the “2020 The State of Auto Insurance” report from The Zebra.

The insurance comparison site says vans cost an average of $1,688 to insure annually. That is less than the cost to insure other types of vehicles. Here is the breakdown:

  • Van: $1,688
  • Truck: $1,731
  • SUV: $1,934
  • Sedan: $2,275

If you want to go “green” with your vehicle, prepare to sacrifice a little green from your wallet. Hybrid and electric cars cost an average of $2,110 to insure each year.

When it comes to actual car models, the Maserati Quattroporte is the most expensive to insure, at $4,742 annually. It is followed by the BMW i8 ($4,281) and the Mercedes-AMG GT ($4,040).

The least expensive models to insure are the Fiat 500X ($1,467), Subaru Outback ($1,499) and Ford Escape ($1,518).

In compiling its rankings, The Zebra looked at more than 73 million car insurance rates across the U.S.

It used a base profile for a hypothetical driver: a 30-year-old single male with a good driving record and coverage limits of $50,000 bodily injury liability per person/$100,000 per accident and $50,000 property damage liability per accident, with a $500 deductible for comprehensive and collision.

How to save on auto insurance

If you’re looking to cut car insurance costs, you need to leave no stone unturned. That includes not overlooking discounts that might be right under your nose.

As we report in “5 Memberships That Offer Car Insurance Discounts“:

“[I]f you are a member of some nonprofits or clubs, you are probably eligible for discounts on car insurance that could put a nice dent in your driving expenses. In fact, a bunch of organizations offer this membership perk.”

Of course, a lower rate doesn’t mean much if you are not satisfied with the coverage itself. So, before you shop, check out “Drivers Give These 5 Car Insurers the Highest Marks.”

Finally, you can save by getting quotes from several companies and choosing the best. Or, you can let a service like The Zebra or Gabi do all that homework for you.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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