The 10 Least Expensive Cars to Insure in 2024

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Last updated Mar 22, 2024

Looking for a new car that won’t break the bank when it comes to insurance? You’re in the right place! We’ve gathered the 10 least expensive cars to insure in 2024. From family-friendly SUVs to off-road Jeeps, we’ll explore models that offer great value not only in purchase price but also in ongoing insurance costs. Let’s dive in and discover which vehicles can save you money and keep you covered on the road.

Also 👉 Insurance Rate Trends in 2024

Mazda CX-5

Average Annual Insurance Premium: $1,406

Mazda CX5 insurance rates

The Mazda CX-5’s average insurance rate beats the national average for popular SUV models by $819/year. However, a young adult with a low credit score could pay over $5,000 per year. On the other hand, an older driver with great credit could pay as little as $1,200/year. 

Here’s the breakdown of Mazda CX-5 insurance rates by driver profile:

Mazda CX5 insurance costs by age and credit score

Popular for: The Mazda CX-5 stands out in the compact SUV market for its engaging driving experience and premium feel, often compared favorably to more expensive luxury vehicles. With advanced safety features, standard all-wheel drive, and a comfortable cabin, the CX-5 is a top choice.

The Best CX-5 Offer Today: 0.9% APR for the 2024 Mazda CX-5. See pre-negotiated listings with FREE home delivery available. 

See more CX-5 insurance data.

Honda CR-V

Average Annual Insurance Premium: $1,409

Honda CR-V insurance rates

The Honda CR-V’s average insurance rate is $816/year less than the national average for popular SUV models. A young adult with a low credit score might pay upwards of $7,000 per year, whereas an older driver with a strong credit history could see rates as low as $1,200/year.

Here’s the breakdown of Honda CR-V insurance rates by driver profile:

Honda CR-V insurance costs by age and credit score

Popular for: Its reliability and affordability. The Honda CR-V is a favorite among families and individuals seeking a versatile and cost-effective vehicle. Its stellar reputation has put it in the top 5 best-selling cars in America for several years in a row.

The Best CR-V Offer Today: Finance a 2024 CR-V at 2.9% to 4.9% APR. This is well under the new car average of 10% APR today. See local CR-V listings with market insights.

See more CR-V insurance data.

Hyundai Kona

Average Annual Insurance Premium: $1,416

2024 Hyundai Kona insurance rates

The Hyundai Kona’s insurance costs are $809/year below the national average for popular SUV models. Young drivers with poor credit might face premiums over $7,700/year, while older drivers with good records could pay around $1,200/year.

Here’s the breakdown of Hyundai Kona insurance rates by driver profile:

Hyundai Kona insurance costs by age and credit score

Popular for: The Hyundai Kona is known for its stylish design and compact size, making it an ideal choice for city driving and easy parking. It is available in gas, plug-in hybrid, and electric options. The electric Kona is a great car for urban driving.

The Best Kona Offer Today: $7,500 cash savings for the 2024 Kona Electric. See local Kona listings with market insights.

See more Kona insurance data.

Subaru Outback

Average Annual Insurance Premium: $1,418

2024 Subaru Outback insurance rates

Subaru Outback’s insurance premium undercuts the national average by $807/year. For young drivers with poor credit, the cost could soar above $7,700/year, but older drivers with good credit may only pay about $1,200/year.

Here’s the breakdown of Subaru Outback insurance rates by driver profile:

Subaru Outback insurance costs by age and credit score

Popular for: Its rugged capability and spacious interior. The Subaru Outback appeals to adventure seekers and families alike. It provides considerably more room for passengers and cargo compared to the popular Subaru Crosstrek.

The Best Subaru Outback Offer Today: Finance at 1.9% APR for 48 months, a great offer in today’s market. See Outback listings with the power of local market data.

See more Outback insurance data.

Subaru Crosstrek

Average Annual Insurance Premium: $1,421

2024 Subaru Crosstrek insurance rates

The Subaru Crosstrek’s insurance rate is $804/year lower than the national average. Young drivers with poor credit could face rates up to $7,700/year, whereas older, creditworthy drivers might pay close to $1,200/year.

Here’s the breakdown of Subaru Crosstrek insurance rates by driver profile:

Subaru Crosstrek insurance rates by age and credit score

Popular for: Its compact size mixed with off-road ability. The Subaru Crosstrek is favored for both urban and outdoor adventures, and received a notable refresh for the 2024 model year. With a base MSRP well under $30,000, it’s an amazing value. 

The Best Subaru Crosstrek Offer Today: Lease from $299/month. See local listings with market data.

See more Crosstrek insurance data.

Hyundai Tucson

Average Annual Insurance Premium: $1,427

Hyundai Tucson insurance cost 2024

The Hyundai Tucson’s average insurance price is $798/year less than the national average. Premiums for young drivers with poor credit can reach $7,800/year, while older drivers with good credit might see rates as low as $1,300/year.

Here’s the breakdown of Hyundai Tucson insurance rates by driver profile:

Hyundai Tucson insurance rates by age and credit score

Popular for: Its comfort, technology, and safety features, the Hyundai Tucson is well-regarded by families and tech-savvy drivers. However, the Tucson has been mostly overshadowed by it’s big brother, the fully redesigned Hyundai Santa Fe.

The Best Hyundai Tucson Offer Today: 0% APR for 36 months. See pre-negotiated Tucson prices, available exclusively through CarEdge. Free shipping is available in select regions!

See more Tucson insurance data.

Mazda CX-30

Average Annual Insurance Premium: $1,430

Mazda CX-30 insurance cost

Mazda CX-30’s insurance cost is $795/year below the national average. Young drivers with poor credit may pay up to $7,800/year, but older drivers with excellent credit could get rates as low as $1,300/year.

Here’s the breakdown of Mazda CX-30 insurance rates by driver profile:

Mazda CX-30 insurance rates by age and credit score

Popular for: With standard all-wheel drive, solid reliability ratings, and a surprisingly affordable price, the CX-30 has been gaining fans year after year. With today’s low APR offer, this is a deal worth considering.

The Best Mazda CX-30 Offer Today: 0.9% APR for 36 months, attractive low APR rates for longer terms. See pre-negotiated Mazda listings with free home delivery available. 

See more CX-30 insurance data.

Jeep Wrangler

Average Annual Insurance Premium: $1,433

Jeep Wrangler insurance costs

The Jeep Wrangler’s insurance rate is $792/year less than the national average. Young drivers with low credit scores might pay around $7,800/year, while older drivers with high credit scores could pay about $1,300/year.

Here’s the breakdown of Jeep Wrangler insurance rates by driver profile:

Jeep Wrangler insurance rates by age and credit score

Popular for: Off-road prowess and iconic design. The Jeep Wrangler is a top choice for adventure enthusiasts, but Jeep reliability ratings leave much to be desired.

The Best Jeep Wrangler Offer Today: Lease a 2024 Wrangler 4-Door Sport for $349/month for 36 months with $4,899 due. See local listings with market data.

See more Jeep Wrangler insurance data.

Kia Niro

Average Annual Insurance Premium: $1,434

Kia Niro insurance costs

The Kia Niro’s insurance is $791/year below the national average. Young drivers with poor credit might see premiums up to $7,800/year, while older drivers with good credit can expect rates around $1,300/year.

Here’s the breakdown of Kia Niro insurance rates by driver profile:

Kia Niro insurance rates by age and credit score

Popular for: Its eco-friendly options and practicality. The Kia Niro is favored by environmentally conscious consumers and urban commuters. Fully-electric and plug-in hybrid options are available at attractive prices

The Best Kia Niro Offer Today: $289/month for 24 months with $3,499 due. See local listings with market data.

See more Kia Niro insurance data.

Toyota RAV4

Average Annual Insurance Premium: $1,438

Toyota RAV4 insurance cost

The Toyota RAV4’s average insurance cost is $787/year less than the national average. For young drivers with poor credit, premiums can reach $7,800/year, while older drivers with good credit might pay as low as $1,300/year.

Here’s the breakdown of Toyota RAV4 insurance rates by driver profile:

Toyota RAV4 insurance rates by credit score

Popular for: Affordability and reliability. The Toyota RAV4 remains a top pick for families and individuals who want a crossover that won’t break the bank. 

The Best Toyota RAV4 Offer Today: $1,000 below MSRP [CarEdge Exclusive]. Learn more.

See more Toyota RAV4 insurance data.

Avoid Rising Rates With These New Cars

Securing the right car insurance doesn’t have to break the bank. With these popular models, you can enjoy both the drive and the savings. Ready to skip the dealership altogether and take the easy route to your next ride? Learn more about buying with CarEdge. We’re here to take the hassle out of the second biggest purchase most consumers will ever make!

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