Who has low-cost auto insurance?

State Farm offers the most affordable auto insurance for most drivers, but keep in mind that this can change based on your needs, such as if you are a young driver, a military member or a driver with an at-fault accident on your record.

What's the cheapest type of car to insure?

The most affordable car to insure is the Honda CR-V, according to MoneyGeek's analysis, whether it is used or new. It is also the cheapest SUV to insure.

How can I find the cheapest car insurance quotes?

Finding the cheapest car insurance quotes involves shopping around and comparing different providers. However, this can be time consuming, so MoneyGeek created a car insurance calculator . Simply fill in the details and get rough estimates in seconds, which can serve as the basis of your research.

Are there risks to getting cheap car insurance?

Yes. While cheap car insurance can be light on the wallet, it may not provide enough financial protection in case of an at-fault accident. If you only have the minimum liability limits, you could be responsible for paying thousands of dollars to pay for your medical bills and repairs if you get into an at-fault accident and paying the other party's medical bills and repairs out of pocket if you don't have adequate coverage (except in no-fault states).

How to Get Car Insurance for Low-Income Drivers

Name: How to Get Car Insurance for Low-Income Drivers
Item: How to Get Car Insurance for Low-Income Drivers
Author: Gail Kellner

Government-subsidized low-income car insurance is only available in a few states. But no matter the state, there are many ways for low-income drivers to get affordable car insurance to stay safe on the road.

ByGail Kellner

Reviewed byMark Friedlander

ByGail Kellner

Reviewed byMark Friedlander

Edited byAmy Wilder

Updated: January 19, 2024

Advertising & Editorial Disclosure

About Gail Kellner

Gail Kellner is a professional financial writer who specializes in life insurance, auto insurance and personal finance. She earned her Bachelor's degree in Psychology from Western Connecticut State University and her Master's of Science from Indiana State University. She loves combining her knowledge of psychology with her financial expertise so people can make better financial decisions.

sources

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State of Hawaii Department of Human Services. "Assistance for Aged, Blind, and Disabled (AABD)." Accessed January 11, 2023.
Maryland Manual On-Line. "Maryland Automobile Insurance Fund." Accessed January 11, 2023.
U.S. Department of Education. "Federal TRIO Programs Current-Year Low-Income Levels." Accessed January 11, 2023.
United States Census Bureau. "Income in the United States: 2021." Accessed January 11, 2023.
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Car and Driver. "Cheapest Cars to Insure." Accessed August 26, 2022.
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Insurance Information Institute. "Automobile Financial Responsibility by State." Accessed August 26, 2022.