Low rate car insurance quotes
Compare low car insurance rates from Canada's top providers in under five minutes.
Matt Hands, Business Director, Insurance
When you think about owning a car, how “cheap” it could be is probably not the first thing that comes to mind. Cars cost money to run, maintain, fix and spruce up – and, of course, you need car insurance too. Fortunately, there are some cars that are cheaper to insure than others. Here are some of the most popular car types and models with low insurance rates in Canada.
better choices made
to Canada’s top financial institutions
If you’re thinking about buying a new or used car soon, you may want to consider the possible insurance costs for each vehicle, before you hand over all your hard-earned cash and pick up the keys. Autofocus.ca compared car insurance quotes and found these were the cheapest to insure (in order) in Canada:
- Subaru Forester
- Jeep Patriot
- Mazda Tribute
- Dodge Grand Caravan
- Chevrolet Malibu
- Pontiac Grand Prix
- Chevrolet Equinox
- Smart Fortwo Coupe
- Jeep Compass
- Ford Escape
Remember this list may vary from province-to-province but, overall, this list shows SUVs, Wagons, and minivans are often the cheapest vehicles to insure.
Compare low rate car insurance quotes.
Insurers offer lower rates of insurance to drivers of cars that are less likely to result in an expensive claim. By tracking the statistical data of past claims, providers are able to determine certain vehicle factors that can lower your driving risk, resulting in a lower cost for auto insurance. This includes the following:
Vehicle type - Different types of cars can often reflect certain driver demographics, such as lifestyle or vehicle use. For instance, trekking vehicles are typically used for long-distance travelling on unconventional roads while drivers of minivans generally have children and may use the vehicle to run errands. And some cars are more likely to be stolen than others. Insurance companies can use statistical data to estimate the likelihood of a claim depending on certain vehicles and adjust your insurance premium accordingly.
Safety features - Driving a car that has a higher safety rating will result in a lower cost of auto insurance. Additionally, vehicles with newer safety technology, such as a forward collision warning or an automatic emergency braking system, can have lower auto insurance rates due to the reduced likelihood of an accident.
Repair and replacement costs - Cars that are less costly to repair or replace will result in lower rates for insurance because the payout will be less for your insurer when a claim is made.
How do I find the lowest rates for car insurance?
Who has the cheapest car insurance in Canada?
Is insurance cheaper for used cars?
Is it cheaper to insure an electric car?
Matt started his professional career at CARPROOF where he honed his marketing and analytical skills for over 3 years. Matt then took his wealth of experience to Ratehub.ca’s Toronto offices, working with insurance providers, agents, and brokers to grow and expand the Insurance business unit. He is a thought leader in the community and a valuable insurance resource to respected publications like the Globe & Mail, Toronto Star, Huffington Post, Yahoo News, and 680 news radio in Toronto.
We help you find better financial products for your specific needs. Whether you need a mortgage, credit card, savings account, or insurance coverage, we get you the information you need to choose better.
How does Ratehub.ca make money?
Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.
- Car insurance quotes
- Motorcycle insurance quotes
- How to buy car insurance
- How to save on car insurance
- No fault insurance
- Student car insurance
- Ontario car insurance
- Alberta car insurance
- Nova Scotia car insurance
- New Brunswick car insurance
- How car insurance rates are calculated
- How to buy a car
- Usage based insurance
- Rental car insurance