What Are The Cheapest Cars To Insure In Ontario?

Certain types of cars, models and makes are cheaper to insure than others. Insurance companies track all the costs involved in insurance claims and can link the types of costs back to specific car models.

Here are the car related factors that impact how cheap a car is to insure :

• Type Of Car : What is the car designed for? Is it a performance or family car?
• Claims Costs : How expensive it to repair or replace the car?
• Theft : Is the car more likely to get stolen?
• Safety : Does the car have a high safety rating?

We’ll get into this in more detail later in the article.

The cheapest car to insure will change over time. As new vehicle models become available and as insurers adjust how they determine insurance rates, the cost to insure some vehicles will go up or down.

Here are frequent models that top the list of the cheapest cars to insure over the last 5 years.

According to Forbes, here are the cheapest cars to insure in 2019 :

According to leasecosts.ca, here are the 2018 cheapest cars to insure :

According to Forbes Online Magazine, here are the cheapest cars to insure in 2017 :

According to Forbes Online Magazine, here are the cheapest cars to insure in 2016 :

According to Forbes Online Magazine, here are the cheapest cars to insure in 2015 :

SUVs, crossovers and minivans are “more politely piloted than sports or high-performance luxury cars” according to Forbes’ blogger, Jim Gorzelany. These types of cars are designed for to be families where safety is a top priority.

Also, their drivers are generally more experienced and cautious. Almost all of the cars on these lists fall into this family car category.

Both the Jeep Wrangler Sport 4WD (a SUV) and the Honda Odyssey LX (a minivan) have 5-star safety ratings. This is the highest rating a vehicle can receive from the National Highway Traffic Safety Administration which is an important factor that makes them cheaper to insure.

Used cars are generally cheaper to insure than new vehicles as long as they aren't too old. So, if you are looking to save on insurance costs, consider used. According to autobytel.com, here are some of the cheapest used cars to insure :

• Buick Lucerne
• Buick LaCrosse
• Toyota Camry
• Volvo V70
• Toyota Avalon
• Mercury Grand Marquis
• Volvo S80
• Mini Cooper
• Volkswagen Beetle
• Chevrolet Impala

Teenagers, new drivers and young drivers pay more for insurance. One way to help lower costs is to drive a vehicle that is cheap to insure.

This often means driving a small to mid-sized car with a good safety rating and affordable replacement parts. It also means getting quotes for vehicles that are commonly featured on the cheapest car to insure list.

Use the lists above and get a car insurance quote to find the cheapest car to insure for young drivers.

SUVs are extremely popular. They are also known for being affordable to insure. Here are some of the cheapest SUVs to insure :

• Honda CR-V
• Jeep Wrangler
• Hyundai Santa Fe Sport
• Dodge Journey
• Jeep Cherokee
• Ford Escape
• Mazda CX-5
• Nissan Rogue
• Chevrolet Equinox
• Toyota RAV4

Trucks are popular in Canada. Here are some of the cheapest pickup trucks to insure :

• Chevrolet Colorado
• Toyota Tundra
• Chevrolet Silverado
• Nissan Titan
• Nissan Frontier
• Toyota Tacoma
• GMC Canyon
• Ford F-Series
• GMC Sierra
• Ram Pickup

Top 10 Sports Cars With Lowest Insurance Costs

Sports cars generally cost more to insure compared to other vehicles. Insurance can get expensive. If you want to drive a sports car and save as much as possible, consider a vehicle from this list of cheapest high performance cars to insure from autobytel.com :

1. 2017 Mazda MX-5 Miata
2. 2017 BMW Z4 Roadster
3. 2018 Corvette Stingray
4. 2017 Subaru BRZ
5. 2017 Porsche Boxter
6. 2018 Audi TT
7. 2018 Chevrolet Camaro SS
8. 2017 Ford Mustang GT
9. 2018 Subaru WRX STI
10. 2018 Nissan 370Z

You can save even more on insurance by looking for the cheapest used sports car to insure. Used vehicles generally have slightly more affordable insurance rates.

Driving an electric car? Thinking about buying or leasing one in the future? Insurers offer an ecofriendly discount of up to 10% for drivers with electric or hybrid cars. Here are some of the cheapest electric cars to insure :

1. Kia Soul EV
2. Nissan Leaf
3. Fiat 500e
4. Hyundai IONIQ
5. Tesla Model 3
6. BMW i3
7. Volkswagen e-Golf
8. Ford Focus Electric

Luxury vehicles are associated with higher insurance rates because they are more expensive, a bigger target for thieves, and they tend to cost more to repair. But you can still find affordable car insurance rates. Check out this list of cheapest luxury cars to insure from Autobytel.com :

1. Acura TLX
2. BMW 3 Series
3. Cadillac CTS
4. Buick LaCrosse
5. Toyota Avalon
6. Lexus ES
7. Volvo S60
8. Infiniti Q50
9. Lincoln MKZ
10. Audi A4

Driving A Minivan, SUV Or Crossover Will Get You The Cheapest Insurance Rates

If you’re looking for the cheapest vehicle type to insure you will want to look into SUVs, minivans and crossovers. By far these cars rate best on several factors that make them inexpensive to insure. These vehicles are less expensive to repair, less likely to be stolen, have fewer claims reported and excellent safety ratings.

At the same time, they are generally driven by a segment of the population who have low risk profiles for accidents and claims. If you’re thinking of buying a car that is cheap to insure, look into vehicles in this category.

There are many car related factors insurance companies use to determine ratings for specific makes and models. The cheapest cars to insure in Canada share these some commonalities :

1) Type Of Car Driven

The type of car that people choose to drive often reflects their lifestyle, life stage and what they use the vehicle for. A vehicle such as a minivan or crossover is more likely driven by a married person with children and it is used for transporting children.

Insurers predict, based on the statistics that they keep, that people who drive a certain type of vehicle are concerned with safety and drive with caution. This driver behaviour usually results in lower risk of collisions or claims.

2) Higher Safety Ratings

A car’s safety rating impacts the insurance rates for the car. Higher safety ratings translate into lower insurance premiums. Cars are becoming safer every year with advances in engineering and technology. Safety ratings are based on :

1. Crash Protection : How well does a car protect the people in it in the event of a crash? This where things like airbags, crumple zones and frame design make a car safer. A car’s resistance to rollover is important also.

2. Crash Avoidance : New technologies that can help prevent a crash or reduce its severity make a car safer. These include :

• Forward Collision Warning
• Lane Departure Warning
• Rear view Video Systems
• Automatic Emergency Braking

Choosing a car with a solid safety rating will help reduce your premiums. For more information on cars and their ratings, you can visit the website for the National Highway Traffic Safety Administration (NHTSA) or safercar.org.

3) Lower Repair Or Replacement Costs

If you purchase a vehicle that has high repair costs (such as the Porsche Cayenne) you will pay more for insurance. Not only are repair costs higher but so are the costs to replace the car if it’s damaged too much to be fixed or if the repair costs exceed the value of the car.

4) Less Likelihood Of Theft

Did you know that in Canada, according to the IBC, a car is stolen every 7 minutes. Car theft is a serious problem and risk for insurance companies. They have to transfer some of this cost to the consumer. If you drive a car with a low rate of theft, you will save on your premiums. Adding an aftermarket anti theft alarm device can help you save even more.