Frequent question: Which car has the cheapest insurance in Canada?

Which car has the cheapest insurance?

Cheapest cars to insure among popular models

Rank Average annual insurance premium Insurance as % of MSRP
1. Subaru Outback $1,392 5.22
2. Jeep Wrangler $1,416 5.01
3. Honda CR-V $1,439 5.75
4. Subaru Forester $1,465 5.98

Which cars are most expensive to insure in Canada?

Most Expensive Cars to Insure in Ontario

  • 1 1. Toyota Camry.
  • 2 2. Toyota FJ Cruiser.
  • 3 3. Acura MDX.
  • 4 4. Acura RDX.
  • 5 5. Honda Civic.
  • 6 6. BMW X5.
  • 7 7. Porsche Cayenne.
  • 8 8. Acura TLX.

What is the cheapest car in Canada?

Chevrolet Spark, $10,398 – 4,850 units sold, up 1 per cent

Although no longer available with a four-digit price tag, the Chevrolet Spark remains Canada’s most affordable car.

Which province in Canada has the cheapest car insurance?

Among the 10 provinces, insurance rates vary considerably, with Quebec holding the lowest average premium and British Columbia (B.C.) registering the highest figure.

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Which SUV has cheapest insurance in Ontario?

Cheapest SUVs To Insure

SUV Model Premium Monthly Payment
Honda CR-V $2,195 $183
Jeep Wrangler $1,968 $164
Hyundai Santa Fe Sport $2,463 $205
Dodge Journey $2,065 $172

Why is Toyota Corolla insurance so high?

Theft ranking is most likely the other main contributor to this high cost. The number of cars that are stolen each year, and the subsequent claims for them, are what matters most to carriers. The Corolla is a popular car. It has ranked on Forbes’ list, America’s Most Stolen Vehicles, since 2008.

Are Toyotas more expensive to insure?

These rates make the 86 the most expensive to insure among the Toyota models we surveyed.

Toyota 86 insurance cost.

Year & Model Annual premiums for a 30-year-old Annual premiums for a 18-year-old
2019 Toyota 86 $3,033 $10,610
2018 Toyota 86 $2,615 $10,338

Are newer cars cheaper to insure?

Is it cheaper to insure a new or old car? … The cost of your premium will depend partly on your car – generally the newer the car, the better its safety and security. But equally it may cost an insurance provider more to replace a new car than an old one, so this will be a factor too.

Why is a Nissan Maxima so expensive to insure?

Nissan Maxima insurance rates are considered more expensive than the average. Recent findings from the National Highway Traffic Safety Administration indicate that the model has a high theft rate, making it riskier to insure.

What is Canada’s best selling car?

MARKHAM, ON, Jan. 7, 2022 /CNW/ – The Honda Civic is once again at the top of the Canadian passenger car sales segment. Led by the universally acclaimed, all-new 11th generation Civic, a total of 43,556 units were sold in 2021 allowing it to maintain its number one position for an unprecedented 24th consecutive year.

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What brand car is cheapest?

What is the Cheapest New Car?

  • 2021 Chevrolet Spark $14,395. The Chevrolet Spark is the cheapest new car you can buy. …
  • 2021 Mitsubishi Mirage $15,290. …
  • 2021 Nissan Versa $15,955. …
  • 2021 Hyundai Accent $16,400. …
  • 2021 Kia Rio $17,045. …
  • 2021 Kia Forte $18,855. …
  • 2022 Subaru Impreza $19,755. …
  • 2021 Hyundai Veloster $19,905.

Which car is best for beginners in Canada?

They are suitable for driving in all seasons.

  • 2019 Mazda3 GT. …
  • 2018 Volkswagen Golf. …
  • 2020 Honda Fit DX. …
  • 2020 Chevrolet Spark 2LT. …
  • 2019 Hyundai Sonata Essential. …
  • 2019 Mitsubishi Mirage ES CVT. …
  • 2018 Toyota Corolla CE. …
  • 2018 Kia Forte LX+ Under the Hood: 147hp 2L 4-Cylinder MPI Engine with 6-Speed Automatic Transmission.

Is car insurance cheaper in BC or Alberta?

A study conducted by MNP on behalf of the Insurance Bureau of Canada, a group advocating for private insurance companies, found British Columbians are paying up to 42 per cent more for insurance compared to Alberta drivers. … “The big difference between Alberta and B.C. is who you are buying your insurance from.

Which part of Ontario has cheapest car insurance?

Here are the towns or cities in Ontario that have some of the cheapest car insurance rates in 2020:

  • Grimsby and Waterdown ($1,192)
  • Sudbury ($1,165)
  • Sarnia ($1,159)
  • St. Thomas ($1,124)
  • Cornwall, Petawawa, and Russell ($1,107)
  • Kingston, Napanee, Port Hope, Cobourg and Brockville ($1,103)

How much is car insurance in Canada per month?

The average monthly car insurance rates in Ontario are between $125 to $158, depending on which part of the province you live in. This is the highest average car insurance rate among all provinces in Canada.

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