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Study Shows That 1 Honda Hatchback Is the Cheapest Car to Run In the U.S.

The cost of owning a car goes beyond the price you pay when you buy it. The cost of gas, car insurance, and vehicle taxes can easily add up. Let’s not forget that global supply chain issues have made car prices shoot up in the past couple of years. Fortunately, used car prices are dropping. But if you’re looking to get ahead of the game, then there’s one hatchback from Honda that has the cheapest running costs.

The Honda logo and lettering on a red background at the Formula 1 Winter Tests in Barcelona, Spain
The Honda logo and lettering | Xavier Bonilla/NurPhoto via Getty Images

Which Honda model has the cheapest ownership costs?

Honda Fit
Honda Fit | Getty Images

If you’re looking for the cheapest model to own, then the 2018 Honda Fit is what you seek. The Fit is a small hatchback that seats five passengers with plenty of space for all of their stuff. It’s also super cheap to own, with an average fuel cost of $3,817.20 and a yearly insurance premium of $1,186, according to Zutobi.

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