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The cost of a new or gently used car has increased so much that people are finding themselves out of the market. Maybe that’s why the average American car has been on the road for over 12 years now. Car payments are only part of the cost of ownership. Gasoline prices are historically high and insurance costs can be oppressive. Inexpensive cars tend to be the cheapest to insure. This year, the car with the lowest annual insurance cost is the super-cheap Fiat at $1,511, compared to an industry average of $1,633. The Fiat is also one of the worst cars Americans can buy.

Insure the problems of a auto insurance annual report. The main reasons insurance prices vary are the model of car insured, where the car is driven, the driver’s history, discounts offered by an insurance company, and the types of accidents covered. Another recent factor is that more Americans are driving aggressively: “44% of drivers said they witnessed more aggressive driving on the roads in 2021 than before the pandemic.”

Along with Fiat, the cheapest cars to insure are Buicks ($1,533) and Subarus ($1,597). Each of these brands has relatively low prices for their new cars.

The most expensive are the Alfa Romeo ($3,058), Maserati ($2,922) and Tesla ($2,908). Each has models that are priced in the hundreds of thousands of dollars.

Fiat is one of the most popular cars in Europe. Sales in the United States are low at just a few thousand per month, a figure that has dropped most of the years recently. One of the reasons Fiat’s sales are poor at this point is that it only sells one model, the 500x, which has a base price of $27,965.

Fiat’s quality ratings are at the bottom of JD Power and Consumer Reports rankings. Since these are important tools for consumers, it’s no wonder that Fiat’s sales are weak. Fiat vehicles are cheap to insure, but few people want them.

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