The insurance premiums of the cars have increased by a sharp 33% between 2010 and 2016. Owners are settling down car loans and premiums of insurance, which will be more than $1000 every year in the majority of the states; this could be a burden for them. To avoid such a situation, a customer could choose the cheapest cars to insure.
The amount of insurance that one typically spends for car insurance is based on lots of factors, including the age of the driver, driving record, and location. Obviously, the kind of vehicle also makes a big difference in the cost of insurance.
Listed below are the cheapest cars one can insure and save a lot of time and effort:
Toyota Sequoia 4 door 4WD
It is a large size SUV that has a retail price of around $48400. The average insurance amount spent on an annual basis is around $720. The amount of collision insurance paid on a yearly basis is around $320.
Chevrolet Traverse 4-door 4WD
This is also a large size SUV. Its retail price is $47500. The annual amount to be paid as average insurance is around $717, and around $285 is the annual payment amount for collision insurance.
GMC Acadia 4-door 2WD
This large-size SUV has a retail price of around $29000. Approximately $712.83 is the amount to be paid for the vehicle’s average insurance, annually, and around $304.20 is the yearly payment to be made for the collision insurance of the car, making it one of the cheapest cars to insure.
Ford Edge 4-door 2WD
This mid-size SUV retails for around $29315. This vehicle’s amount of average insurance, which is to be paid annually is around $694. Annual collision insurance for this SUC is around $304.20.
Ford F-150 Super Cab 4WD
It is a large pick up that has a retail price of around $27705. The yearly amount to be paid for the vehicle’s average insurance is around $691 and the amount that is paid yearly for the vehicle’s collision insurance is around $273.
Toyota 4 Runner 4-door 4WD
This mid-size vehicle costs around $34610. The annual payment to be made for the cars average insurance is around $688. The vehicle collision insurance amount which is required to be paid on an annual basis is around $293.
Ford F-250 Super Cab 4WD
This car is a large size pickup that has a retail price of around $33150. The amount of average insurance paid on an annual basis is around $685. The annual collision insurance paid is around $250.
Subaru XV Cross trek 4WD with Eyesight
This is a small station wagon or a minivan that has a retail price of around $21600. The amount to be paid on an annual basis for the vehicle’s average insurance is around $681. The amount of collision insurance of the vehicle that has to be paid annually is around $289.
You can choose from the cars mentioned above to find the cheapest way to go about auto insurance and save yourself the trouble of further unnecessary expenditure