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We would all like to minimize the amount we spend on our cars, and yet payments stack up. Even if your auto loan is payed off, there's fuel, maintenance, and of course, insurance.
There are many factors that an auto insurance company looks at when determining your rates, the most important of which are your:
- Accident history
- Age
- Gender
- Marital status
- Location
None of these you can easily change (unless you want to get married for the car insurance benefits). One factor you can easily control is the make and model of your car. Expensive sports cars consistently rank as the most expensive to insure, because they cost a lot to repair, and drivers tend to buy them to break speed limits. On the other end of the spectrum, minivans and economy compact cars are typically the least expensive, because minivan drivers are expected to be responsible parents, and compacts are cheap to replace.
This year, however, Jeep Brand SUVs set a new record on Insure.com's annual Top 10 Least Expensive Cars to Insure list. They claimed half of the top 10 spots, with the 2017 Jeep Renegade Sport coming in second place, and the Jeep Wrangler Black Bear taking third.