Get money-saving tips in your inbox.

Stay on top of personal finance tips from our money experts!

News & Resources

10 best-selling SUVs that are the cheapest to insure

March 29, 2022
4 mins
A woman leans against her electric vehicle while it charges

This article has been updated from a previous version.

Who would have thought that sales for some of Canada’s best-selling SUVs would have grown during a pandemic? Such was the case for six out of 10 vehicles that topped the list for annual sports utility vehicle (SUV) sales in 2021.

Canada’s 10 top-selling SUVs

Three SUVs — the Toyota RAV4, Honda CR-V, and Hyundai Kona — lead the pack, maintaining their positions from 2020. However, the Toyota RAV4’s sales shrank, possibly due to supply chain issues and the insatiable demand for new automobiles during the past year.

Rank SUV make and model 2021 sales 2020 sales % change
1 Toyota RAV4 61,933 67,977 -8.89%
2 Honda CR-V 50,935 50,135 +1.60%
3 Hyundai Kona 31,101 31,733 -1.99%
4 Nissan Rogue 29,927 25,998 +15.11%
5 Ford Escape 26,959 23,747 +13.53%
6 Mazda CX-5 26,571 30,583 -13.12%
7 Hyundai Tuscon 25,487 28,444 -10.40%
8 Subaru Crosstrek 23,342 22,161 +5.33%
9 Toyota Highlander 19,885 16,457 +20.83%
10 Volkswagen Tiguan 19,031 14,240 +33.64%

Source: GoodCarBadCar.net

Even though the Toyota RAV4 is the most popular with drivers, which SUVs can you anticipate having the cheapest car insurance rate? The answer may come as a surprise.

SUVs ranked on the cheapest for auto insurance in Ontario

The Hyundai Kona, the third most popular SUV, ranks number one for cheap auto insurance in Ontario. How do the remaining nine SUVs stack up? It’s fair to say that most seem to come in the middle of the road.

Rank SUV make and model Average premium for vehicle model in
Ontario*
1 Hyundai Kona $3,125.28
2 Toyota Highlander $3,220.20
3 Ford Escape $3,422.45
4 Toyota RAV4 $3,496.95
5 Subaru CrossTrek $3,507.80
6 Volkswagen Tiguan $3,726.23
7 Nissan Rogue $3,737.46
8 Honda CR-V $3,897.20
9 Hyundai Tuscan $3,916.17
10 Mazda CX-5 $3,953.93

SUVs ranked on the cheapest for auto insurance in Alberta

The Ford Escape, the fifth most popular SUV in Canada, has the cheapest auto insurance in Alberta. You’ll notice this list looks different than Ontario’s.

Rank SUV make and model Average premium for vehicle model in
Alberta*
1 Ford Escape $2,289.08
2 Subaru CrossTrek $2,488.32
3 Toyota RAV4 $2,537.74
4 Volkswagen Tiguan $2,556.45
5 Hyundai Kona $2,557.64
6 Mazda CX-5 $2,908.02
7 Nissan Rogue $2,931.79
8 Honda CR-V $2,948.56
9 Hyundai Tuscan $3,084.88
10 Toyota Highlander $3,249.66

While Albertans generally pay less to insure these popular SUVs than Ontarians, the Mazda CX-5, Nissan Rogue, and Honda CR-V maintain their positions as seventh, eighth, and ninth of the best-selling SUVs that are the cheapest to insure on both lists.

Factors that affect your auto insurance rates

It’s no secret; a lot goes into the auto insurance rate you pay — details like where you live, your driving and insurance history, and your driving record. There’s also the type of vehicle you drive.

Your choice of vehicle matters because some are involved in more claims (whether it’s collision-related or theft, for example) or are prone to have higher claims costs. It’s a numbers game, and every insurance provider has its own “playbook” to go by, and the numbers will vary.

That is why it’s essential to keep in mind that the vehicle that costs you the least to insure may not be the auto that’s the cheapest choice for someone else.

car mascot.png

Don't waste time calling around for auto insurance

Use RATESDOTCA to shop around, and compare multiple quotes at the same time.

Estimated annual fuel or charging cost

Gasoline prices are at historic highs in Canada, topping more than $2 per litre in some provinces, such as British Columbia and Newfoundland and Labrador. If you drive certain vehicles, it will cost you less to fill up your tank than others.

Although the pandemic has forced many of us to park our vehicles — thus reducing how much we spend on fuel — it’s still important to plan for the day when you use your vehicle regularly again.

We ranked the SUVs on the fuel cost range you could expect to spend each year. The best-in-class on this ranking is the Hyundai Kona, particularly the electric version. That said, it’s worth noting that if you go the hybrid route (which typically costs more than the gas-powered alternative), you could save around $900 to $2,500 in gas money annually.

Rank SUV make and model Estimated annual fuel cost**
1 Hyundai Kona $528 (electric) - $3,079
2 Ford Escape $2,076 (hybrid) - $3,258
3 Toyota RAV4 $2,148 (hybrid) - $3,079
4 Toyota Highlander $2,399 (hybrid) - $3,723
5 Honda CR-V $2,757 - $2,900
6 Subaru CrossTrek $2,792 - $3,365
7 Nissan Rogue $2,864 - $2,971
8 Mazda CX-5 $3,043 - $3,544
9 Hyundai Tuscan $3,258 - $3,616
10 Volkswagen Tiguan $3,365 - $3,544

Methodology

*To get the average premium by make and province, we used actual data from people who have shopped for auto insurance at RATESDOTCA.

Since coverage can vary based on home address, age, and several other factors, we limited the scope of our analysis to provide a more accurate apples-to-apples comparison.

To get the average premium for each vehicle model in Ontario and Alberta, we used the following methodology:

  • Number of vehicles: 1
  • Number of drivers: 1
  • Clean driving record (no collisions, suspensions, or traffic tickets)
  • Age: 30-39
  • Gender: Male

We then ranked the models by the cheapest premium to the most expensive premium. Results may vary based on your circumstances.

**The annual estimated fuel cost is based on driving 20,000 kilometres per year — a realistic distance for most Canadians — at fuel prices estimated to be $1.79/L for regular, $2.02/L for premium, and $2.05/L for diesel based on the national daily average retail prices for gasoline on March 25, 2022. This information comes from the Natural Resources Canada Fuel Consumption Ratings Search Tool. It does not include the additional costs of driving a plug-in hybrid electric model or battery electric vehicle. Consumption varies within a model due to options chosen when the car is purchased, how you drive, traffic, and road conditions.

Lesley Green

Lesley Green is a seasoned writer and editor. She previously worked at RATESDOTCA, sharing her expertise with the marketing team for nearly two decades. Lesley enjoys live theatre, travelling, curling and, depending on how well she's hitting the ball, golfing.

Latest auto insurance articles

Should you go to a bank or the dealership for your car loan?
Just like deciding which car to buying, choosing how to buy it is not a decision to take lightly. Learn the difference between dealership and bank financing.
5 mins read
In what situations can your car warranty become void?
When you buy a new or certified pre-owned vehicle from a dealership, it includes a warranty. However, breaking specific conditions may lead to denied warranty claims or voiding the entire warranty.
5 mins read
What to do if you hit an animal and need to file an insurance claim
Collisions with wildlife can have an impact on your vehicle. But what about your insurance?
8 mins read

Subscribe to our newsletter

Stay on top of our latest offers, relevant news and tips!

Thanks for joining!

You'll be hearing from us shortly - stay tuned.