Although every car owner is required to have auto insurance, the cost of the insurance premium can vary greatly from one vehicle to the next. While a high-powered sports car may look tempting, the expensive cost of insurance may exceed the driver’s monthly budget. Here are some of the cheapest new vehicles to insure in 2014.
Jeep Compass Sport
The Jeep Compass Sport is one of the top compact SUVs on the market. Unlike some of the larger SUVs roaming the streets, the Compass Sport boasts a great fuel economy rating of 30 miles-per-gallon on the highway. The best part is that the average cost of insurance for a year is only $1,100.
Honda CR-V LX
The average cost to insure the 2014 Honda CR-V LX is around $1,115 a year. While the CR-V is not able to tow massive loads, it still remains one of the safest family haulers on the market. Prospective buyers can expect excellent crash protection and proven reliability. The 185-horsepower engine provides just enough performance to keep the driver entertained.
Honda Odyssey LX
With an estimated insurance premium of $1,103, the Honda Odyssey LX remains one of the best bargains in its class. Although the beefy V-6 engine pushes out nearly 250 horsepower, the mini-van still has an outstanding fuel economy rating of 28 mpg on the highway. The safety profile of the Odyssey is enhanced by a lane departure warning system and a strong anti-lock braking system.
Jeep Wrangler Sport
Known as one of the most capable off-road vehicles in the world, the Jeep Wrangler Sport is also one of the cheapest cars to insure. Although the average cost of insurance hovers around $1,080, auto insurance Jackson representatives provide discounts for the drivers who remain accident-free. While the new Jeep Wrangler has received a few updates, it still retains its traditional styling cues.
Subaru Outback 2.5i
Equipped with one of the best all-wheel drive systems in the business, the Subaru Outback 2.5i rewards the driver with impressive off-road capabilities and great fuel efficiency. The average annual insurance premium is also very affordable at $1,144. While a V-6 engine is offered, the four-cylinder version is the most economical. The Outback’s five-star safety rating is also among the best in its class.