In general, the cheapest cars to insure are the most inexpensive and those that cost the least to repair, says Forbes. As of 2015, these vehicles include family minivans and SUV crossovers. Cars with lower horsepower and those that are unlikely to be stolen are also cheaper to insure, explains Kelley Blue Book.
Driver behavior with certain cars is a major reason that relatively inexpensive midsize vehicles get the best rates versus sleeker and sportier cars, says Kelley Blue Book. The same goes for driver behavior with higher-horsepower vehicles. People are more likely to drive such cars faster, increasing their chances of getting into situations that cause car damage.
Midsize vehicles tend to be used for family activities such as shuttling kids to soccer practice, are driven more safely and are less likely to be on roads during peak traffic times, points out Bankrate. All three conditions lead to lower insurance rates.
However, insurance carriers offer different rates for various cars, so comparing rates from multiple carriers is important, cautions Forbes. Other than driving a satisfactory type of car, a clean driving record is a reliable way to get the best insurance rates. Consumers should also make sure they receive all discounts for which they are eligible.