Car insurance prices can vary significantly based on factors like the type of vehicle you are driving, the likelihood of the car meeting with an accident, your previous claim history, etc. High-performance vehicles, electric vehicles, luxury SUVs and sports cars have pretty hefty insurance costs, compared to more basic four-wheelers. Given that auto insurance is a recurring expense, it is best to consider this added cost at the time of buying a car for yourself. Let’s look at the top 5 cars that have low insurance rates:

• Ford Escape: If you want to buy an SUV and save on insurance costs, the Ford Escape is a great choice. The average annual insurance price for the SUV comes up to a little over $1,503. The Escape was designed by the manufacturer to be inexpensive to repair, this has contributed significantly to its low insurance cost. The SUV is also considered one of the best to purchase for teenagers and new drivers. The starting price of the Ford Escape is a little over $24,000.

• Jeep Compass: The Jeep Compass is a crossover SUV that is quite inexpensive to insure. The Compass has a reputation of being extremely safe, given that it is designed with several control and traction features, along with necessary reinforcement that can help it withstand a collision. Getting any minor body damages repaired will not cost you a lot. Given these factors, the average annual insurance premium comes up to just around $1,497. The price for the Jeep Compass starts at around $21,850.

• Honda CR-V: If you are looking to purchase a smaller car that is also inexpensive to insure, you should consider the Honda CR-V. Priced at around $24,350 for the starting model, the average annual insurance cost of the car comes up to $1,474. It has a surprisingly solid build, offers easy handling, and is feature-rich.

• Jeep Wrangler: The basic Jeep Wrangler is by far one of the least expensive SUVs to insure. The average insurance premium for the vehicle comes up to around $1,455 for a year. The vehicle itself is priced at a little over $28,000. The SUV offers great handling, has excellent safety features and is inexpensive to repair even if the need arises.

• Subaru Outback: The Subaru Outback has been a popular choice for many since it offers easy handling, while also being spacious. The average Subaru owner purchases the vehicle for these very factors and not really for its speed capabilities and off-roading ability. This makes the Subaru Outback less prone to accidents, which, in turn, has resulted in affordable insurance premiums. The average annual insurance premium for the Outback costs around $1,429, while the vehicle itself will set you back by a little under $26,500.

*Note: All prices and insurance costs mentioned above are indicative.

If you are concerned about auto insurance prices, ensure that you do your research and shop around for a policy that is affordable and covers your requirements. Additionally, you can also ask your insurer for discounts, especially if you’ve added security features to your vehicle.