The cheapest used cars to insure are the Honda CR-V, Chrysler PT Cruiser and Ford Taurus. We looked at 50 popular cars from model years 2000 and 2010 and ranked them by premiums reported by EverQuote users.
More: The cheapest cars to insure (new model years)
The cheapest used cars to insure
|Used vehicles in model years 2000-2010||Average annual premium paid|
|Chrysler PT Cruiser||$1,440|
|Dodge Grand Caravan||$1,512|
|Hyundai Santa Fe||$1,512|
|Pontiac Grand Am||$1,512|
|Chrysler Town and Country||$1,560|
|Jeep Grand Cherokee||$1,584|
Compare rates: Cheap car insurance for used cars
Are comprehensive and collision insurance worth it on a used car?
Comprehensive and collision insurance pay out if your car is stolen or if it's damaged by problems such as hail, flood, natural disasters, fire, vandalism and crashes with animals. In the worst case your car could be totaled by one of these problems.
As a car gets older it becomes worth less every year. That means the maximum payout for a stolen or totaled car declines as the car's value goes down. Thus your need for comprehensive and collision insurance goes down, too. Here's how to make a judgment about whether it's worth it to keep buying these coverage types for a used car:
- Find out out the current value of the car at a site such as NADAGuides.
- Subtract your collision/comprehensive deductible from the car's value. This would be the ballpark estimate for an insurance check if your car is stolen or totaled and you make a claim.
- Look at what you would pay annually for collision and comprehensive. If the premium payments over the next several years come close to the potential insurance payout, it may not be worth it.
Rates source: EverQuote, based on user-reported premiums for vehicles in model years 2000-2010, for models available since 2000. Premiums are based on good drivers with policies of 100/300/50 with collision, comprehensive and uninsured motorist coverage. Your own rates will be different.