Discover budget-friendly vehicles that help reduce insurance premiums. This guide highlights economical car choices, including SUVs and trucks, to help drivers save money on coverage. Choosing the right car can significantly lower your annual insurance costs, making vehicle ownership more affordable. Use this list to find vehicles with lower premiums and optimize your insurance expenses effectively.

Budget-Friendly Cars That Help Lower Insurance Costs

Between 2010 and 2016, car insurance premiums increased around 33%, making coverage more expensive for many drivers. Most individuals pay over $1,000 annually, especially when combined with car loan payments. Choosing vehicles known for lower insurance premiums can be a strategic move to save money.

While factors like age, driving record, and location influence premiums, the type of vehicle plays a key role in determining insurance costs.

Here are some of the most cost-effective vehicles to insure, helping you reduce expenses and streamline your budget:

Toyota Sequoia 4-door 4WD
This large SUV costs about $48,400, with annual insurance roughly $720. Collision coverage is approximately $320 yearly.

Chevrolet Traverse 4-door 4WD
An SUV priced around $47,500, with yearly insurance about $717, and collision coverage near $285.

GMC Acadia 4-door 2WD
Retailing at roughly $29,000, with insurance expenses close to $712.83 and collision coverage about $304.20 annually.

Ford Edge 4-door 2WD
A mid-size SUV costing around $29,315, with insurance of approximately $694 and collision coverage near $304.20.

Ford F-150 Super Cab 4WD
This full-size pickup is priced at roughly $27,705, with annual insurance near $691 and collision coverage around $273.

Toyota 4Runner 4-door 4WD
A mid-size SUV costing about $34,610, with insurance expenses around $688 and collision coverage close to $293.

Ford F-250 Super Cab 4WD
Priced at approximately $33,150, this large truck has yearly insurance costs of about $685 and collision coverage around $250.

Subaru XV Crosstrek 4WD with Eyesight
A compact crossover or wagon, priced at roughly $21,600, with annual insurance about $681 and collision coverage near $289.

Picking any of these vehicles can help you secure affordable insurance and cut down on unnecessary expenses.

Note:

The content provided aims to inform and assist you. While we strive to offer accurate insights, it should not replace professional advice. External data sources may vary, and current schemes or deals might differ from what’s listed here. Always verify with your insurer for the best options.