Low Rate Car 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.

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Standard Cars with Low Insurance Rates

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:

  1. Subaru Forester
  2. Jeep Patriot
  3. Mazda Tribute
  4. Dodge Grand Caravan
  5. Chevrolet Malibu
  6. Pontiac Grand Prix
  7. Chevrolet Equinox
  8. Smart Fortwo Coupe
  9. Jeep Compass
  10. Ford Escape

Remember this list may vary from province-to-province but, overall, this list shows that compact cars and sedans are often the cheapest vehicles to insure.

Other Car Types with Low Insurance Rates

Aside from standard car models, there are a few other types of vehicles that tend to be cheaper to insure. These include:

  1. Antique cars
  2. Classic cars
  3. Collector cars
  4. Vans

Antique Cars

Most cars that are 30 years or older are classified as antiques. While antique car insurance costs vary, as a general rule, premiums tend to be less than what you’d pay for a standard car. One factor that explains this is the fact that antique cars are often very well-maintained, which makes them safer to drive. The other, perhaps more obvious, factor is that antique cars aren’t driven on the road very often (often only to special events), which lessens the risk that they will be involved in an accident.

Classic Cars

Even older than antique cars, classic cars are defined as a “fine” or “distinctive” vehicle manufactured between 1915-1948. Classic cars were high-priced when they were first made, and were manufactured in limited quantities. Despite their seemingly high value, classic car insurance is cheaper than standard car insurance, for the same reasons antique cars are cheaper to insure: they are used infrequently and kept in great shape.

Collector Cars

A collector car may seem similar to a classic or antique car, but there are some crucial differences. Most importantly, whereas classic or antique vehicles must be a certain age or older, no such constraint exists for collector cars (although they do tend to be older). Collector cars include exotic automobiles, modified/street rod/custom automobiles and special interest automobiles – and even though they tend to be worth more than the average car, collector car insurance is typically cheaper for the same reasons as antique and classic cars: they are well-maintained and rarely driven. Collector cars are also often well-stored, which makes them after and more difficult to be stolen or vandalized.


A van is a 4-to-5 door automobile used to transport passengers and their belongings. The most common type of personal van is the minivan. A minivan is larger than a sedan – but van insurance is usually cheaper than regular car insurance, and there are a couple of reasons for this. First, vans are larger than regular cars and tend to have better safety ratings. Second, minivans are not considered to be high on thieves’ priority lists, which lessens the chances that they’ll be stolen and thus makes insurance companies less nervous about insuring them.

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