Here are three signs that people worldwide are feeling a lasting economic pinch in 2023: In this environment, as interest rates swell alongside the prices of basic necessities, anyone in need of a new car may be wondering which vehicles are likely to cost them the least when it comes to auto insurance. "Comparing cars based on expected insurance costs is important for anyone shopping for an affordable vehicle," WalletHub writer Milvionne Chery Copeland deducted in a recent article about which vehicles tend to be the cheapest to insure. "The car with the cheapest sale price might not be the cheapest overall, with all costs considered." The slideshow above illustrates the least expensive cars to insure, according to WalletHub. Insurance advisors can share research such as this with clients who find themselves shopping for a new vehicle despite higher interest rates and an overall tightening economy. See also:

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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