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These Are the Cheapest New Cars to Insure in 2023

Happy woman car driver
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Savvy car shoppers know that the sticker price is just the beginning of many costs associated with a new vehicle.

It’s also important to think about how much you likely will spend on gas, repairs and car insurance.

In fact, learning how much it costs to insure various car models can help you narrow your list to the two or three car models that might be best for you.

Recently, Mercury Insurance offered its list of the most affordable 2023 vehicles to insure. Look over this lineup before you purchase a new car.

Electric vehicles

Kia Soul EV electric vehicle
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Electric vehicles are the cars of the future — and today. The most affordable 2023 EVs to insure are:

  1. Kia Soul EV
  2. Nissan Leaf
  3. Ford F-150 Lightning
  4. Hyundai IONIQ
  5. Volvo C40 Recharge
  6. Volvo XC40 Recharge
  7. Mazda MX-30
  8. Chevrolet Bolt EV
  9. Volkswagen ID.4
  10. Audi Q4 E-Tron, Ford Mustang Mach-E, Kia EV6, Mercedes EQB and Polestar 2 (five-way tie)

Before you purchase an EV, make sure you understand “Why Your Electric Vehicle Mileage May Vary (a Lot).”


2022 Chevy Colorado
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Americans have always loved their trucks. The most affordable 2023 trucks to insure are:

  1. Chevrolet Colorado
  2. Chevrolet Silverado
  3. Ford Maverick
  4. Ford Ranger
  5. Hyundai Santa Cruz
  6. Toyota Tundra Crewmax
  7. Ford F350 Super Duty
  8. Ford F150
  9. Toyota Tacoma
  10. Ford F250 Super Duty


Fiat 500x
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SUVs fall somewhere between trucks and sedans, and they have become one of the most popular vehicle types on the road. The most affordable 2023 SUVs to insure are:

  1. Fiat 500X
  2. Hyundai Santa Fe
  3. Honda Passport
  4. Honda Pilot
  5. Jeep Cherokee
  6. Chevrolet Blazer
  7. Mazda CX-9
  8. Kia Sportage
  9. Honda CR-V
  10. Ford Escape


Green Chevrolet Spark circa 2022
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Sedans are tried-and-true vehicles. The most affordable 2023 sedans to insure are:

  1. Chevrolet Spark
  2. Mazda 2
  3. VW Golf
  4. Hyundai Accent
  5. Toyota Prius Prime
  6. Mitsubishi Mirage
  7. Volvo S90
  8. Mazda 3
  9. Nissan Versa
  10. Kia Rio

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