The Least Expensive 2016 Sedans to Insure

Generally, a combination of low price and high safety ratings will bring insurance rates down more than anything else. The problem with that is that lower-priced vehicles sometimes have lower safety ratings. It's larger vehicles that are often safer. And larger vehicles are generally more expensive. So smaller cars aren't necessarily a lot cheaper to own, even though they're more efficient. Which sedans are cheapest to insure? We've gotten some help from nerdwallet to answer this question.

#1 Ford Fiesta
MSRP: $14,090
Avg. Annual Premium: $1,104

The Fiesta has a 4-star safety rating and a low MSRP, making it insurable without spending too much money. It also gets an impressive 31 mpg in the city and 43 on the highway, making it even more affordable.

#2 Chevy Cruze
MSRP: $14,580
Avg. Annual Premium: $1,125

The Cruze is an example of a roomy compact car with lots of trims and options. It has a 5-star safety rating and a low price tag, like the Fiesta. It's about a foot longer than the Fiesta; however, and it provides a quiet, comfortable ride.

#3 Toyota Camry
MSRP: $23,070
Avg. Annual Premium: $1,181

The Camry's a big step up, in terms of price, from the previous vehicles. Although, since it gets 25 mpg in the city and 35 on the highway, it's not expensive to own. An additional reason it's inexpensive to drive is the low annual premium you'll pay when you own it. The new Camry is peppy enough for a little excitement and it finally got a facelift.

#4 Honda Accord
MSRP: $22,205
Avg. Annual Premium: $1,192

The Accord is probably the cheapest midsize car to own for five years when you factor in every expense you can. It's also extremely comfortable and equipped with good electronics. It's not a Tesla, with collision avoidance, but it doesn't cost nearly as much as a Tesla. It's a Honda, one of the most trusted brands we can think of.

#5 Toyota Corolla
MSRP: $17,300
Avg. Annual Premium: $1,195

The corolla may be the most reliable car ever built. Although today's Corollas are a little more complex than they were years ago, they're still very reliable. They're still inexpensive to maintain, as well. Driving a Corolla is kind of like driving a smaller Camry or Accord. It's a good choice for fuel efficiency.

#6 Honda Civic
MSRP: $18,640
Avg. Annual Premium: $1,195

Tied with the Corolla in terms of insurance costs is the newly redesigned Civic. it's a little more expensive to purchase and (probably) to lease but it has a little more power, 26 hp more, and it's actually a little bit more fuel efficient, getting one more mpg in the city (31) than the Corolla and the same mpg as the Corolla on the highway (42). That's a strong value proposition.

#7 Nissan Altima
MSRP: $22,500
Avg. Annual Premium: $1,198

Atypically of Nissan, the Altima is a little bit less powerful than the Honda Accord. It is slightly more efficient, as a result. It gets 27 mpg in the city and 39 on the highway. The Altima isn't styled with the aggressive lines the Accord and the Camry have. It does look pretty, though.

#8 Lexus ES350
MSRP: $38,100
Avg. Annual Premium: $1,321

You would expect something like a Chevy Malibu or a Kia Optima to be here but, instead, it's a luxury brand! It's quite a bit more expensive than the car in the #7 spot. That is, in part, due to the 80 extra horsepower it has. It also comes with a better warranty. Whereas the Nissan comes with a 3-yr/ 36,000 mile basic and a 5-yr / 60,000 mile drivetrain warranty, Lexus gives you a 4-yr / 50,000 mile basic and a 6-yr / 70,000 mile drivetrain warranty.

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