Post-retirement life means you're likely looking for ways to stretch your Social Security, and hybrid cars can be a great option if you're looking to save money and you're tired of high gas prices.
But which hybrids are the best for retirees? Here are a few you might want to consider the next time you shop for a vehicle.
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Toyota Prius
The Toyota Prius is one of the most famous hybrid vehicles. The 2024 Prius can be a great option if you're looking for a sedan with a reasonable price tag.
The Prius comes with a manufacturer’s suggested retail price (MSRP) of $27,950.
Kia Sportage Hybrid
The Kia Sportage has an MSRP of $28,590. It is a crossover SUV, so it gives you more height than a typical sedan but isn’t so high off the ground that you will have trouble getting into and out of the vehicle.
The Sportage also has plenty of safety features. The model has earned a Top Safety Pick ranking by the Insurance Institute of Highway Safety (IIHS). The institute gave the Sportage high marks for protecting passengers in the event of a crash.
Chrysler Pacifica Hybrid
Consider a minivan like the Chrysler Pacifica Hybrid if you regularly drive your grandkids around or need space for your hobbies or volunteer work.
The Pacifica is a plug-in hybrid, meaning you can plug it in like an electric car to get additional power for the electric engine. That gives the vehicle a total of 520 miles of driving range between a full tank of gas and a full charge for 32 miles.
The MSRP for the Pacifica is $51,250.
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Volvo XC40 Hybrid
Compact SUVs can be great options for retirees, and the Volvo XC40 Hybrid is no exception.
The XC40 has a starting price of $40,500 and features blind-spot detection and lane assist to keep you safe. In fact, the IIHS recognized this vehicle’s safety features with a Top Safety Pick Plus rating for its 2022 model.
Honda Accord Hybrid
The Honda Accord has been a popular sedan for years, and its hybrid features add to the list of reasons you might want one in your garage.
The price tag is also appealing, with an MSRP of $33,990.
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Ford Escape Hybrid
The Ford Escape has been part of the manufacturer’s lineup for decades. Now, you can pick up one with a hybrid engine that can get 42 miles per gallon in the city and 36 miles per gallon on the highway.
The Ford Escape has an MSRP of $38,400, but that price could rise depending on the type of engine you choose.
Jeep Grand Cherokee 4xe
The Jeep Grand Cherokee 4xe may be the right choice for you if you want a hybrid engine in a larger vehicle that also gives you extra interior space.
The Grand Cherokee 4xe offers 25 miles of all-electric range in its plug-in hybrid engine before switching to gas. You also get 6,000 pounds of towing capacity for things such as recreational watercraft or a trailer.
The starting price could be an issue if you are on a fixed income, as the MSRP is $60,490.
Hyundai Elantra Hybrid
If climbing into a big SUV intimidates you, a sedan like the Hyundai Elantra Hybrid might be a good option: It is easy to get into and out of.
It’s also easy to afford compared to many other hybrid vehicles, as the price starts at $26,250 for a hybrid engine that gets you 51 miles per gallon in the city and 58 miles per gallon on highways.
Honda CR-V Sport Hybrid
The Honda CR-V Sport Hybrid SUV gives you extra storage and offers either a two-wheel-drive option or an all-wheel-drive version.
The CR-V Sport has a starting price of $34,350 for the front-wheel drive or a slightly higher $35,850 when you get an all-wheel drive.
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Toyota Camry Hybrid
The Toyota Camry Hybrid is an affordable hybrid that’s also safe to drive.
The Camry’s hybrid version has an MSRP of $28,855. The 2024 model also earned a Top Safety Pick ranking from the IIHS.
Remember, you can cut the cost of your Camry Hybrid — or any other car on this list — by shopping around so you save money on car insurance.
Bottom line
Whether you retire early or wait until later in life, hybrid vehicles can be a great option if you are looking to cut gasoline consumption.
Consider the sticker price for different vehicles and remember to also factor in additional costs, such as maintenance, repairs, and car insurance.
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