Many factors come into play when looking to purchase a car. Reliability, price tag, safety ratings, and
fuel efficiency are just some of the factors that car owners look out for in Canada. However,
insurance should also be a factor of consideration, seeing that some models can be incredibly
expensive to insure. Auto insurance is based on various factors such as a vehicle’s price tag, the
model’s claims history, safety ratings, and estimated repair costs. Finding the cheapest cars to insure
can be tedious.
If you are looking for a cheap car to insure in Canada, here are some models that you can consider:
1. Chevrolet Spark
The Chevrolet Spark has an estimate of $6,787 total annual driving costs and a $1,341 total fuel cost
annually. The total cost per KM is $0.31, making the car very cost-efficient. Widely renowned as one
of the most reliable hatchbacks, the car has a great safety rating. The fact that it’s manufactured by
Chevrolet, a reliable brand, adds to its promise of efficiency and reliability.
2. Mitsubishi Mirage
It's compact, small, and fuel-efficient. The average cost per KM of the Mitsubishi Mirage is $0.33 and
a $1,276 annual fuel cost. It has a trendy hatchback perfect for any weather in Canada. And with the
economical gas usage, you not only get great performance but also a cost-efficient car that you can
drive in any conditions.
3. Toyota Corolla
Perfect for everyday use, the Toyota Corolla is reliable, cost-efficient, and very practical. It has
sufficient safety standards and even has an add-on option. While it’s not a luxury car, the reliability
you get from it is of great value, not forgetting the cheaper insurance rates.
4. Honda Civic
With an elegant and sleek outlook, this is one of the best 4-door compacts in the Canadian market.
It’s affordable yet gives a feel of luxury not forgetting the cheap insurance rates. It’s also fuel-
efficient and reliable and has been a consistent performer in the Canadian market for years.
5. Toyota Camry
This is one of the best mid-size cars in Canada with cheap insurance. With the large seating, it is
perfect for five people not forgetting the extra room for carrying your essentials. It is reliable and
has even been rewarded (consistently) for high safety scores.
6. Chevrolet Cruze
This is the perfect car for someone looking for a cheap car to insure as well as one that is fuel-
economic. It is perfect for running errands all day and is also a budget, yet high-performance vehicle.
Its infotainment system has also been lauded.
7. Nissan Sentra
A good-sized trunk, compact and roomy interiors are not just the features you will enjoy with the
Nissan Sentra. It has great safety ratings not forgetting high fuel economy. It is also one of the best
performers within its class.
8. 2009 Dodge Journey
This model replaced the Dodge Magnum and the Chrysler Pacifica. It is one of the cheapest cars to
insure in Canada. Its performance, safety rating, and reliability have also been praised by most users.
9. 2011 Dodge Grand Caravan SE
This is a popular car for families given its high capacity. It has low replacement and repair costs
hence the cheap insurance.
10. 2011 Ford F150 XLT SuperCrew 4WD
This car is fuel-efficient and has hauling and towing capabilities. It is one of the cheapest 4WD cars to
insure in Canada.
11. Kia Forte
The Kia Forte is one of the most affordable cars in the Canadian markets, not to forget among the
cheapest to insure. Its attractive features, fuel economy, and trunk space make it perfect for
someone looking for a basic yet high-performance car.
Factors that determine a vehicle’s insurance cost
● Car safety features- Every insurer prefers to provide coverage for a vehicle that has
sufficient security features and helps avert accidents. This is why vehicles equipped with
extra security features such as automatic emergency brakes will fetch cheaper insurance
rates.
● The price range of a car- Lavish vehicles are more expensive to insure. The replacement or
repair costs can be very high. The perfect car that will not cost an arm and a leg to insure is a
vehicle that is neither too expensive to repair and one that does not break down every so
often.
● The brand reputation- Successful models from well-known brands such as Dodge, Mazda,
Nissan, Ford, and Toyota have been proven to be safe and reliable. As such, insurers do not
shy away from providing coverage for these brands compared to less popular ones.
● The age of a vehicle- While old vehicles are cheap to repair and fix, they also break down
often. This is why insurers will always prefer vehicles that are older, but not too old. Brand
new vehicles and newer models, on the other hand, are expensive to insure given the high
replacement or repair costs.
● The car’s usage– The more miles you drive, the more perils you are exposed to. Also, if you
use the car on dangerous terrains, the cost of your insurance will be higher given the high
risks. If you only use the car for pleasure use, ensure you inform your insurer as it could
fetch you better insurance rates.
● Your location- If located in an area with high crime cases such as theft and vandalism, the
cost of your insurance will be higher. Similarly, if located in an urban area, you will remit
higher insurance rates compared to a person who drives in rural areas.
How else can you save on car insurance in Canada?
● Maintain a clean driving record- Your car insurance can end up being significantly higher
regardless of the type of car you purchase if you do not have a clean driving record. This is
because driving a safe car does not make you less of a risk. Also, simple traffic offenses can
add up and ultimately affect the cost of your car insurance. If you want to reduce the cost of
your car insurance, consider maintaining a clean driving record.
● Ask for discounts- Most insurers often have discounts on insurance policies. Always inquire
about the discounts offered. For instance, your insurer may offer you a car insurance
discount if you install a car alarm.
● Compare quotes from different insurers- comparing car insurance quotes is a clever way to
ensure you do not get short-changed. When comparing rates, remember to compare the
coverage offered.
Check also this article about vehicle recalls in Canada.
