Happy family choosing a new car in a showroom

What are the Cheapest Cars to Insure?

Buying a car is considered a rite of passage for American drivers. The freedom to travel when and where you want, without having to hail a ride or wait for public transport, is a big advantage of owning a vehicle. One important aspect of researching the ideal vehicle is to consider the total cost of ownership, including insurance.

“There are a number of reasons why a vehicle might cost less to insure, such as they cost less to repair them,” said Chong Gao, director of product management R&D for Mercury Insurance. “Mercury put together this list to help savvy vehicle shoppers know where savings can be found.”

Purchasing a car — a coupe, sedan or convertible — rather than an SUV or truck can come with a few benefits. Cars like sedans continue to be more fuel efficient than SUVs, and are considered easier to drive since they aren’t as top-heavy as an SUV. Maneuvering around sharp street corners, cars tend to stick to the ground better, and it’s much easier to find and fit in a parking spot. Cars also feature closed trunks — storing your valuables there rather than out in the open like the back of an SUV’s cargo space offers more safety in terms of both visibility and security.

Additionally, cars often start at a lower price than SUVs or trucks, leaving you with more wiggle room in your budget if you want a higher trim level or extra features.

Mercury’s research and development team examined 2020 to 2021 model year (MY) coupes, convertibles and sedans that are available at car dealerships today to compile this list*.

Here is the top-ten list for new coupes, convertibles and sedans, beginning with the most affordable make and model to insure.

  1. Chevrolet Spark (tied for first)
  2. Chevrolet Sonic (tied for first)
  3. Fiat 124
  4. Honda Fit
  5. Hyundai Elantra
  6. Hyundai Veloster
  7. VW Golf
  8. Buick Regal
  9. Toyota Yaris
  10. Toyota Prius

Mercury’s research and development team examined 2016 to 2019 model year (MY) coupes, convertibles and sedans to compile this list*.

Here is the top-ten list for used coupes, convertibles and sedans, beginning with the cheapest make and model to insure.

  • 2016-19 Chevrolet Spark (tied for first)
  • 2016-2019 Chevrolet Sonic (tied for first)
  • 2016-19 Fiat 500
  • 2017-19 Fiat 124
  • 2016-17 Chrysler 200
  •  2016-17 Buick Verano
  • 2016-18 Honda Fit
  • 2016-18 Hyundai Elantra
  • 2016-17 Hyundai Veloster
  • 2016-17 VW Golf

Mercury offers affordable car insurance without sacrificing quality support and service. Talk with an agent today to help you find cheap car insurance.


* Mercury Insurance developed the list based on full coverage premium (BI, PD, COMP, COLL, MP, UMBI and UMPD) for a hypothetical driver with average factors for each rating element.