Cheapest Cars To Insure In Ontario

What are the cheapest cars to insure?

The cheapest vehicle to insure in Ontario will change each year. In 2025, as new vehicles become available and providers adjust their rates, they will go up or down for some models.

However, some models are consistently ranked as the most affordable for coverage. We’ve included models from various classes to give you an overview of your options.

Here are frequent models that have topped the list over the last five years and are a good choice for smaller payments:

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Top 10 cheapest cars to insure in Canada

We receive a lot of quote requests for the top-selling cars in Canada. Here is a sample of the cost to insure the top 10 vehicles sold in the first two quarters of 2025:

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2024 Sales numbers from Kelly Blue Book.

Most affordable vehicles to insure by type

Finding the right vehicle is only half the battle; the cost of insurance can significantly impact your budget. This section dives deep into the most affordable vehicles to insure, broken down by type.

We'll compare insurance premiums for popular SUVs, cars, luxury vehicles, pickup trucks, and even electric cars, helping you navigate the often-confusing world of auto insurance and find a vehicle that fits both your lifestyle and your wallet.

Whether you're a budget-conscious driver or simply looking to save money, understanding how vehicle type affects insurance costs is key, and this guide will provide the insights you need.

Here is a breakdown by vehicle type of models that are less expensive to insure in Ontario.

Cheapest SUVs to insure in Ontario

An SUV is an extremely popular vehicle today. The Nissan Rogue has the highest yearly premium at $2,318. On the more affordable side of the scale, the Chevrolet Equinox is $1,905 yearly. Here are some of the most affordable SUVs to insure:

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Least expensive trucks to insure in Ontario

Pickup trucks are popular among Ontario drivers. Our data suggests the cheapest model to insure is the Nissan Frontier, which costs $1,602 for a yearly premium. The most expensive truck to insure is the Ram, costing drivers $2,216 yearly for coverage. Here are some of the most economical pickup trucks to consider when you are buying a pickup truck:

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Lowest insurance rates for sports car models

Sports cars are generally more expensive for insurance compared to other vehicle types. The Mazda Mx-5 Miata and Ford Mustang GT cost drivers $209 for coverage monthly. The Nissan 370Z costs drivers the most for coverage at $306 per month.

If you want to drive a sports car and save as much as possible, consider a vehicle from this list.

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Most affordable electric cars to insure

Drive an electric car? Or perhaps you drive newer electric trucks that are becoming more popular. Chevrolet Bolt costs drivers as low as $1,389 per year ($116 monthly) for insurance. The Tesla Model Y has the highest premiums, costing drivers $2,829 per year ($236 monthly).

You can also get an eco-friendly discount of up to 10% by driving an electric or hybrid car. Here are some EVs with the lowest premiums:

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Luxury car models with the lowest insurance rates

Luxury vehicles are associated with higher rates because they are more expensive, a bigger target for thieves, and tend to be more expensive to repair. Cadillac CTS can cost around $238 per month compared to the Buick LaCrosse, which is $129 per month.

Here are the least expensive luxury vehicles to insure:

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What are the best automobile brands for insurance savings in 2025?

We checked over 10,000 quotes from 2025 data for the top 20 brands. Domestic brands had the most savings, while luxury and foreign brands were the most expensive cars to insure.

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What used cars are cheaper to insure?

Used cars are generally more affordable than new cars if they aren't too old. So, if you are looking to save, consider buying a used car or used pickup truck. The Buick Lucerne can have rates as low as $65 monthly compared to the Camry, which is around $201 monthly.

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Cheapest cars to insure for young drivers

Insurance for young drivers is typically more expensive compared to experienced drivers. So, choosing the right vehicle can help reduce overall driving expenses. The Mazda 3 can cost around $190 per month for coverage, compared to the Toyota Camry costing $283 monthly.

Here is a list of some of the most affordable cars to insure for drivers under 25:

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Why do some cars cost less than others to insure?

Certain types of vehicles cost less to insure than others. Insurers track all the costs involved in claims and can link them back to specific models. Things like the vehicle type, accidents, repairs, theft, and safety ratings for the vehicle significantly impact the rate.

Here are the main factors:

• Type of car driven: The type of car you choose to drive often reflects your lifestyle, life stage, and how you use the vehicle. For example, a minivan or crossover is more likely driven by a married person with children. Based on statistical data, insurers predict that people driving a certain type of vehicle are concerned with safety and driving cautiously. This driver behaviour usually results in less of a chance of collisions or claims.
• Safety ratings: A car’s safety rating impacts insurance. Higher safety ratings translate into lower fees. They are becoming safer every year with advances in engineering and technology. Safety ratings are based on crash protection and avoidance. How well does it protect the people in it in the event of a crash? New technologies that can help prevent a crash or reduce its severity to make it safer include forward collision warnings or automatic emergency braking.
• Repair and replacement costs: If you purchase a vehicle that is expensive to repair, you will pay more. Not only are repair costs higher, but so is the amount to replace it if it’s damaged too much to be fixed or if the damage exceeds the value of the car.
• Likelihood of theft: According to IBC, a car is stolen every 7 minutes in Canada. Theft is a serious problem and concern for insurers, who transfer some of this expense to the consumer to offset costs. You will save more if you drive a car with a smaller chance of theft. Adding an aftermarket anti-theft alarm device can help you save even more.

Tips to help you choose a vehicle that is less to insure

Saving on your policy is like anything else. You can get great value if you understand the factors that impact how much you will pay. Use these general tips to find a vehicle that meets your needs:

1. Go with a compact small car or SUV.
2. Buy a used vehicle that isn't too old.
3. Avoid the temptation of getting a sports car.
4. Look at the safety ratings and choose one of safest cars in Canada to save more.
5. Check the most stolen cars in Canada and reconsider a vehicle if it’s on the list.

Cheapest cars to insure FAQs

What is the cheapest car to insure in Canada?

Smaller cars and SUVs tend to be more affordable to insure in Canada. For example, Chevrolet Equinox can have premiums as low as $159 per month. Dodge Journey, Jeep Cherokee, and Ford Escape can have rates under $175 monthly. Many affordable cars are available, especially if you have a good driving record. Spending the time to shop around is well worth it. Compare car insurance quotes to find what vehicle has better savings.

What is the best used car to insure for teenagers?

Teenagers and new drivers pay more for insurance. One way to help reduce expenses is to drive an inexpensive vehicle. This often means driving a small to mid-sized car with a good safety rating and lower replacement part costs. The Kia Forte, Honda CR-V, and Mazda 3 are generally cost-affordable options for teen drivers. If you choose to drive a sporty model or one with a big price tag, you can expect your insurance to skyrocket.

What family cars are more affordable to insure?

Most are mid-sized cars, minivans, or SUVs, which are less to insure. These vehicles tend to have strong safety ratings, security features, and cost less to repair. The Honda Odyssey is a good choice for savings. Find out how much your Ontario car insurance will be by calling a ThinkInsure advisor.

Does an older car cost less to insure?

It depends on the vehicle. But, in general, older cars are less expensive to insure for many reasons. For example, many drivers keep minimal coverage on older vehicles to help save. Speak to your advisor to find out if your older car is cheaper to insure.

What small car will lower my insurance the most?

Most smaller vehicles cost less to buy and insure. Some budget and insurance-friendly compacts include the Nissan Micra, Kia Rio, and Ford Fiesta.

What is an affordable car to insure for 18-year-olds?

Small to mid-sized vehicles are the most affordable for 18-year-olds. Ideally, teen drivers will be added to their parent's policy as occasional driver to save the most.

Do newer car cost less to insure?

The type and age of a vehicle are always considered when determining insurance prices. Are newer cars more affordable to insure? It depends on the vehicles you are thinking about getting. Newer ones have reasonable premiums because they have modern safety and security features. Continually assess your options to see what is right for you.

What colour car is the cheapest to insure?

There is no direct correlation between the colour of your vehicle and your insurance payments. But things like custom paint jobs, decals and tint can increase your costs. These things increase how much it would be to repair your vehicle back to its original state if it were damaged or vandalized.

Insurance friendly vehicles cost less to insure

The car you choose has a huge impact on how much you will pay for car insurance in Toronto or other parts of the province. Driving an insurance friendly car could save you hundreds of dollars annually. When you find the right vehicle, we'll gladly help you find coverage and compare the best rates to help you save even more. Try our car insurance calculator to get an estimate for your vehicle.

Methodology

We culled lists from top auto sites across the internet to curate a list of the most affordable vehicles for insurance. We also reviewed our internal data for Ontario car insurance to determine the best options. Data is from drivers with a clean driving record and G driver's licence (unless otherwise stated) in the province. Results can vary based on your specific situation.

*From January 1 to June 15, 2025. Standard coverage, G driver’s licence, and clean record.

**From January 1 to June 15, 2025. Standard coverage and clean record.