Revealed – the 10 cheapest vehicles to insure in Canada

The auto insurance comparison website’s April to June price index showed premiums in Ontario and Alberta fell for the second quarter in a row, while rates in Atlantic Canada remained stable relative to first quarter figures.

Data from the firm showed Ontario rates were down nearly 5% from the previous quarter and 11% year-over-year. Premium prices in Alberta, meanwhile, fell 11% quarter over quarter, but increased 1% from the same period in 2020. In Atlantic Canada, there was a decline marginal quarterly auto insurance rates, but the figure climbed nearly 20%. % from year to year.

“Ontario was the star child of the market competition: many insurers re-entered the market, which helped drive prices down,” the comparison site wrote in its analysis. “On the other hand, Alberta had a choice between fewer insurance companies, but the rates went down nonetheless. Meanwhile, drivers in Atlantic Canada have made fewer claims, but insurers have not passed on the savings at the same rate.

Read more: How Rate Comparison Sites Save Canadians Money on Auto Insurance

However, several other factors determine auto insurance rates, including the age, gender and driving record of the driver, as well as the make and model of the vehicle. To help Canadian consumers identify the cheapest vehicles to insure, Lowestrates.ca gathered a year of data from 2019 to 2020 and compared full coverage premiums for a hypothetical driver aged 30 to 49 who has a record. judicial virgin and driven between 15,000 and 25,000 kilometers per year.

Based on the information it compiled, the comparison website then came up with a list of the top 10 vehicles with the lowest average national premiums. Here are the cheapest vehicles to insure in Canada this year, according to Lowestrates.ca.

Read more: The 10 Best Auto Insurance Companies in Canada

1. 2009 Dodge Journey SXT 4-Door 2WD

With premiums 43.29% below the national average, the first version of the Dodge Journey tops the list. The model replaced the Dodge Magnum and the Chrysler Pacifica and was the company’s first attempt at a crossover vehicle. Drivers appreciate its performance, reliability and safety ratings. The Insurance Institute of Highway Safety (IIHS) gave it a good rating on the front overlap and side crash tests.

2.111 Ford F150 XLT SuperCrew 4WD

The first F150 model to make the list, the 2011 version is 35.78% cheaper to insure compared to the national average. Most owners love the pickup for its fuel efficiency and its towing and hauling capabilities. In fact, the F150 Series has been the best-selling truck in Canada and the United States for four decades, according to Business Insider. For this reason, spare parts are widely available, which reduces insurance costs.

3. 2010 Toyota Matrix Wagon

The hatchback version of the Toyota Corolla sedan costs 32.9% less to insure than the national average. Although production was halted in 2014, its mechanical components were produced in large numbers and shared with other vehicles, making parts easily accessible. This has contributed to low insurance rates. The 2011 Toyota Matrix also scored well on the IIHS crash test.

4.2011 Chevrolet Cruze LT Turbo 4-Door

Insurance rates for the first generation Chevrolet Cruze are 28.83% cheaper than the national average. Its excellent crash test performance and its recent ranking among the IIHS ‘Best Safety Picks are among the factors driving premiums down. Many owners also praise the vehicle’s infotainment system. In 2011, the Automobile Journalists Association of Canada selected the Chevrolet Cruze as the Canadian Car of the Year.

5. 2015 Volkswagen Golf 2.0 TDI 4-Door Hatchback

Lowestrates.ca described the Golf as “built for the driver”, “a very reliable car with a sleek design” and having “a lot of features at a decent price”. Insurance premiums are 27.89% cheaper than national rates. The car is available with a six-speed manual transmission or a dual-clutch automatic transmission. The online marketplace OntarioCars.ca said the car’s high-tech nature would make aftermarket parts expensive and assumed the low rates were for manual transmission models.

6. 2006 Toyota Corolla CE 4-Door

Surprisingly, the Toyota Corolla falls in the bottom half of the list with fares 25.94% lower than the national average premiums. Launched in 1966, Toyota has since sold around 45 million Corolla units, according to MotorBiscuit, making aftermarket parts widely accessible and cheaper. Lowestrates.ca attributed the popularity of the vehicle to its affordability, reliability and simplicity.

7. 2019 Dodge Grand Caravan GT

The Dodge Grand Caravan is on the list three times and for good reason: it is one of the most affordable vehicles in Canada. Insurance premiums for the 2019 version cost 25.94% less than national rates. And although the model is phased out, the large number of units produced makes spare parts easy to access and inexpensive.

8. 2013 Ford F150 XLT SuperCrew 4WD

An updated version of the 2011 model, which ranked second in the list, insurance rates for this vehicle are 24.68% lower than the national average. According to OntarioCars.ca, the changes include “a refreshed front styling and a new version of the MyFord Touch infotainment system.” The online market added that insurance costs for the 2013 model could be higher than those for the 2011 version due to “statistical differences in collision or theft rates” or higher car replacement costs. – redesigned front and grille shocks.

9. 2011 Dodge Grand Caravan SE

With premiums 19.54% lower than the national average, 2011 Dodge Grand Caravan owners can award lower rates with affordable repair and replacement costs. Lowestrates.ca described the model as popular with families.

10. 2008 Dodge Grand Caravan SE

The third Dodge Grand Caravan on the list has premiums 19.4% cheaper than the national average. As with other versions, replacing damaged parts or the entire vehicle is relatively affordable, which helps reduce insurance costs.

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