The cost of buying a car involves a lot more than the sticker price.
Even if you’ve found the make and model you want at a reasonable price, it would be wise to factor in the cost of car insurance, too. Some are the cheapest cars to insure than others – but that doesn’t make them cheap cars. Find the cheapest cars to insure in Ontario here, ranked from top to bottom.
Insurance premiums are based on a number of factors regarding any given automobile. These include original sticker price, estimated repair costs, safety ratings and a model’s claims history.
Cheap cars are typically assigned lower rates because they’re less costly to repair. Models that get high marks in safety tests also enjoy better premiums. Autos that have better claims histories in terms of damage costs they incur and inflict upon other cars catch a break, too, when it comes to car insurance rates.
It may come as no surprise that many of the the top vehicles on the list are family-friendly automobiles. That’s according to Insure.com, which posts cost-of-insurance rankings each year based on average rates for over 2,800 car models.
Want to know which vehicles topped the list? Here are this year’s 10 cheapest cars to insure. All figures are in USD.
Cheapest cars to insure in Ontario (2018)
10. Jeep Wrangler
The Jeep Wrangler makes it on the list for the cheapest cars to insure in Ontario just about every year, although it’s ranking has slid in the top 10 since 2017. Making it in the top 10 is still an impressive accomplishment. Like most vehicles on this list, it’s on the larger side.
9. General Motors Canyon SL Automatic 2WD
The first full-fledged truck on the list, the GMC Canyon carries on the tradition of prioritizing safety features for occupants. It’s a big vehicle suited to rural driving and road trips. They’re sturdy, making them harder to damage—therefore mitigating the chance that insurance companies will need to write it off in the event of a collision.
8. Toyota Tundra Automatic 2WD
Toyota makes the next pickup truck on the list with its redesigned Tundra. It offers a strong V8 engine, respected safety features, plenty of space on the inside, and traction control both on and off-road. It also has provides great visibility for the driver due to its window design.
7. Chevrolet Cruze Hatchback Automatic 2WD
The Chevy Cruze is the first compact car to make the list for cheapest cars to insure in Ontario in 2018. That’s an achievement considering how small it is. Where many other vehicles on this list get high safety ratings for their natural size, the Cruze remains cheap to insure through its design—even as a compact car.
6. Hyundai Elantra LE Automatic 2WD
The 2018 Hyundai Elantra is recognized as one of the safest cars on the road by the Insurance Institute for Highway Safety. Its standout safety features include optional front crash prevention and specific headlights considered safer than the average, making it one of the best compact car options on the market when it comes to low insurance rates.
5. Ford Focus Electric Automatic 2WD
If you’re looking for electric cars that are also cheap to insure, then this is one of your best options (but take a look at the Toyota Prius, too). Electric cars tend to be around 20% more expensive to insure than their gas-only counterparts, making the Focus Electric’s appearance on this list all the more impressive. It doesn’t win awards for safety features, but running on affordable, clean energy while remaining in the top 10 cheapest cars to insure in Ontario makes it a solid choice.
4. Nissan Versa Note S CVT 2WD
Nissan brings one of the most value-oriented subcompact cars to this list in the form of the Versa Note. It’s low base price and its great fuel economy make it a cost-effective choice in its own right, but it also has some solid notable safety features for its vehicle class that place it on the higher end of this year’s list. These include seat belt pretension, anti-lock brakes, and stability control.
3. KIA Sedona L Automatic AWD
Considered one of the safest minivans on the road, the KIA Sedona places third on our list thanks to its stellar safety rating. This vehicle earns top marks in frontal collision protection and side protection, paired with second-from-the-top rollover safety. If you’re looking for the most cost-effective family vehicle to insure in 2018, then it’s the KIA Sedona L Automatic.
2. Chevrolet Cruze LS Automatic 2WD
The Chevy Cruze makes another appearance on 2018’s list of cheapest cars to insure in Ontario, this time for the sedan instead of the hatchback model. It’s a tight race, but the sedan comes out ahead in pricing—most likely because the trunk doesn’t affect the rest of the car’s structure as much as it would with the hatchback model, if the car were ever rear-ended.
1. Toyota Prius C Hybrid Automatic 2WD
In a move that few expected, a hybrid car takes the top spot for Ontario’s cheapest car to insure in 2018! Not only does it defy expectations about the cost to insure it, but it also brings a high level of safety features, as recognized by the Insurance Institute for Highway Safety.
Cheapest cars to insure in Ontario (2017)
10. Subaru Forester 2.5i
This compact crossover station wagon ranks No. 10 with an average annual premium of $1,196.
8. Jeep Patriot Sport (Tie)
With an average annual premium of $1,190, this compact SUV is tied in the eight spot with one other automobile.
8. Buick Encore (Tie)
Just like the Jeep Patriot Sport, this compact luxury SUV has an average annual premium of $1,190.
7. Jeep Cherokee Sport
Another Jeep vehicle makes the list. This time it’s the popular Cherokee Sport with an average annual premium of $1,188.
6. Subaru Outback 2.5i
Once again, Subaru is on the list, this time at No. 6 with the Outback. The crossover SUV has an average annual premium of $1,187.
5. Jeep Compass
The Jeep Compass will set you back $1,183 on average annually.
4. Honda CRV L-X
Honda’s popular compact crossover has an average premium of $1,170 per year.
3. Jeep Wrangler Black Bear
Are you sensing a pattern? Jeep’s rugged compact mid-size Wrangler Black Bear will cost an average of $1,148 to insure each year.
2. Jeep Renegade Sport
We promise this is the last Jeep car on the list. The compact SUV has an average annual premium of $1,138.
1. Honda Odyssey LX
Finally, something that isn’t an SUV. Honda’s signature minivan tops the list with an average annual premium of $1,112.
Cheapest cars to insure in Ontario (2016)
10. Nissan Frontier King Cab
9. Jeep Cherokee Base 2WD
8. Buick Encore Sport Tour
7. Ford Escape S 2WD
6. Jeep Compass Sport 2WD
5. Jeep Wrangler Sport
4. Jeep Patriot Sport 2WD
3. Dodge Grand Caravan
2. Honda CR-V LX
1. Honda Odyssey LX
Cheapest used cars to insurance for a teenager
Cheapest used car to insure for a teenager would be an older vehicle that doesn’t cost much to replace. From there, choose either a small car or a family-oriented vehicle. Just don’t choose any sports cars or 2-door coupes, muscle cars, or even recent sedans with mildly sporty exteriors.
Consider these used cars for teenagers:
- Toyota Yaris
- Honda Fit
- Honda Odyssey
- Honda CR-V
- Subaru Forrester
These are great choices if you can find them used. Just remember not to get cars that are too old, or else you might have to make up the low insurance costs with higher repair bills! Finding the cheapest car for insurance with 17 and 18-year-olds is a bit of a balancing act.
Shop around for the best car insurance possible
While automobile insurance rates are largely based on the type of car you buy, there are personal aspects that come into play. They include a driver’s age, sex, marital status, location, credit rating and driving record. These so-called risk factors are used to judge how likely somebody is to get into an accident or have their car stolen. It’s best to shop around for insurance rates because each provider uses a different formula.
Get your car ownership started on the right foot with a 3-minute quote that includes applicable discounts automatically for the car you want!
