Cheapest Cars to Insure

Buying a car? Your guide to the cheapest cars to insure in Canada!

The cheapest cars to insure in Canada

When it comes to auto insurance in Canada, there are various factors to consider. One of the most important is the safety of the car. Those that are equipped with more air bags, more safety features, and have better crash ratings are the cheapest cars to insure in Canada.

Safe cars

The Insurance Institute for Highway Safety has taken relevant data regarding driver fatalities on the road to determine what cars are most suitable for driving. Factors such as the driver age and gender as well as the age of the car are all considered in terms of safety - and this is also why the car insurance company will ask about them when providing you with a quote for cheap insurance.

Top safe cars include:

  • Jeep Wrangler
  • Honda Accord
  • Honda Odyssey
  • Kia Sedona
  • Saab 9-3
  • Mercedes M Class
  • Lexus GX470

The main reason that these cars make the list may be attributed to the durable frame they possess. In the event of a collision, they are not likely going to fold in, which keeps the driver and passengers safe. There are also other cars such as the Lexus RX and the Mercedes E and M classes that also have the latest safety technology installed.

All of these safety features make these cars the cheapest to insure. Having less of a chance of someone getting injured while inside and the ability to still drive away from an accident scene lessens the financial burden for insurance companies as it reduces the risk of having to pay a large sum of money for the claim. This may be rewarded with a more affordable monthly premium.

Examining the insurance companies

Where you live will have an impact on the premium you pay because of the traffic as well as the frequency of car theft in your area. According to the Insurance Bureau of Canada, there are twice as many thefts in British Columbia than virtually anywhere else in Canada. The Atlantic provinces have the least number of thefts from year to year.

It all comes down to vehicle safety, however. If you choose not to drive a safe car on the roads, you are going to have an expensive insurance premium no matter what company you choose. Having a safe car and choosing a company that has a history of low rates is a good combination for saving on your premium.

Low Ontario car insurance rates are out there and if you want them, you have to do some comparison shopping among the best insurance companies. If you are in the market for a new car, consider getting one of the top safe cars to help keep your insurance premium as low as possible.

Not ready to shop for insurance today?

Let us know your renewal date and we’ll let you know the best time to shop the market for the cheapest car insurance rates.

Latest Articles

Bank of Canada’s Rate-Hold Streak to Continue

If you’ve got a floating-rate mortgage, don’t expect changes to your interest rate when the Bank of Canada meets Wednesday ... Read more

Car Accidents in Parking Lots: Who Is at Fault?

Get the lowdown on how a collision or fender-bender in a parking lot can affect your auto insurance rate. Read more

Sacrificing Personalized Mortgage Advice…For a Price

People like talking to people for mortgage recommendations. They always have.But here’s something that we didn’t realize until now. Read more

High Debt Loads Holding People Back

Despite the efforts many Canadians are making to dig themselves out of debt, roughly a quarter say their situation remains ... Read more