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Buying a used car has plenty of benefits. Sure, you don’t get that new car smell, and you have to cope with the fact that it may have high mileage, but it’s these factors that make it affordable. A new vehicle’s value depreciates as soon as you leave the dealership and it can cost way less than half its initial price once it’s been driven for a few years. What’s more, insuring a used, older car is much more affordable than a brand-new or recently purchased vehicle.
So which are the cheapest used cars to insure? Well, it depends on many factors, including your age and driving record. But it also depends on the type of cars, its age, engine displacement, and safety features. While used cars built in 2017 or 2018 can cost as much as $4,000 per year, vehicles that are ten years or older can cost less than $1,000. Here’s a list of the cheapest used cars on the market by insurance fees.
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