Seven Cars With the Lowest Insurance in Ontario

Written By Alla Levin
May 01, 2022
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Seven Cars With the Lowest Insurance in Ontario

If you are looking for cars with the lowest insurance rates in Ontario, this article is here for you.

According to statistics, auto insurance in Ottawa is the second-highest among Canada’s provinces. With average annual car insurance of $1,500, getting cheaper car insurance is a desire for most drivers. Among the various factors that determine car insurance rates in Canada include your type of car. Some cars have higher insurance premiums because they are more expensive to maintain.

This article has compiled a list of seven cars that can have the lowest insurance rates in Ontario. This list aims to help you choose when you want to purchase a vehicle. These cars have been selected based on their premiums and average monthly payments from the different insurance providers. The features of the vehicles have also been highlighted in this article.

Continue reading to learn more about the cars with the lowest insurance in Ontario — but before diving deeper, we’d like to remind you that you can find high-quality quotes from car insurance in Ottawa (and the rest of Ontario) by reaching out to a Surex insurance advisor at your earliest convenience. An insurance advisor, also known as an insurance broker, can help you save on insurance by offering you a variety of products from several companies, not just one.

Cars with Lowest Insurance Rates OntarioCars with Lowest Insurance Rates Ontario

Car #1. Honda CR-V

With a monthly insurance rate of about $190 and a base price of $31,000, the Honda CR-V deserves to be on this list. Honda CR-V is a sports utility vehicle with a good safety rating. The safety features available in the 2021 model include an anti-lock braking system, brake assist, forward collision warning, adaptive cruise control, and blindspot monitoring system, among others. These features are a factor in the relatively low premium for Honda CR-V. Another factor is that the car has easier maintenance as its parts are readily available.

Car #2. Jeep Wrangler

With average monthly insurance of $233 and a base price of $35,000, Jeep Wrangler has the cheapest insurance among all the Jeep cars. This family-size SUV is better suited for off-road activities and other riskier adventures hence a relatively higher insurance cost. In an evaluation carried out by Insurance Institute Highway Safety (IIHS) and Highway Loss Data Institute (HDLI), the overall safety evaluation of the Jeep Wrangler was good. The car ranks superior in vehicle-to-vehicle crash prevention. It also ranked good in a crashworthiness test.

Sidenote: Crashworthiness describes the ability of a structure to protect its occupant during a crash.

Other factors like the purpose of the vehicle will increase the insurance premium of Jeep Wrangler, as the car is subject to riskier usage.

Car #3. Subaru ForesterSubaru Forester

Subaru cars have a monthly average insurance cost of $276, making them one of the cars with the lowest insurance rates in Ontario. Some of the popular Subaru models are Legacy, BRZ, Forester, Utility, Outback, XV Cross Trek, and Impreza.

Subaru Forester is an SUV with starting price of about $26,000 and a monthly insurance cost of $262. In the safety evaluation carried out by IIHS and HDLI, the car ranks well above average in safety. Some of the safety features worthy of note are antilock brakes, airbags, antitheft system, seatbelt pretensioners, and stability control. All these safety features are a significant factor in the low insurance premium for the Subaru Forester.

Car #4. Chrysler Voyager

With a monthly insurance cost of $132 per month and a base price of $27,000, the Chrysler voyager has one of the lowest insurance rates in Ontario. Chrysler Voyager is a minivan and a cheaper alternative to the Chrysler Pacifica.

The low insurance can be linked to the low cost of maintenance of the vehicle and the warranty present on the car. Chrysler offers a three-year, 36 000 miles basic warranty and a five-year 60,000 miles powertrain warranty program. The warranty will cover insurance for that period.

According to the IIHS and HDLI safety evaluation of the Chrysler Voyager, the car has a good crashworthiness rating. However, the car was rated poor concerning crash avoidance.

Car #5. Chevrolet SparkChevrolet Spark

With a monthly car insurance cost of $241 and a base price of about $11,000, the Chevy Spark has a relatively cheap insurance cost. Factors responsible for this low insurance cost include safety features that will help you save money on insurance.  These features include anti-lock brakes, airbags, an anti-theft system, seatbelt pretensioners, and stability control. The crashworthiness test carried out by IIHS on the Chevy Spark gave the vehicle a good rating.

Car #6. Chevrolet Cruze

With a monthly insurance cost of $186 and a base price of $22,000, Cruze is the second model from Chevrolet to make this list. It arguably has the lowest car insurance cost in Canada. The car was introduced in 2009 and is increasingly a popular car model in the US and Canada.

The factors responsible for the low insurance cost include the low maintenance cost. The car also has money-saving safety features such as anti-lock brakes, airbags, seatbelt pretensioners, stability control, and an anti-theft system. The crashworthiness test carried out by the IIHS rated the 2016 model of the Chevrolet Cruze good. However, the car performed poorly concerning crash prevention tests.

Car #7. Volkswagen GolfVolkswagen Golf

The monthly average insurance cost of a Volkswagen Golf is $261, the base price is $23,000, and the annual insurance cost to base price is 13.6%. Volkswagen Golf is one of the most common models produced by Volkswagen, with over 29 million copies sold since 1974.

The Volkswagen Golf is one of the safest cars in Canada. IIHS named the car a Top Safety Pick. The National Highway Safety Transport Administration of the US Department of Transportation also gave the vehicle a 5-star safety rating in 2017. As a car with some safety features, the insurance cost is expected to be relatively cheaper.

Cars with the lowest insurance in Ontario: Conclusion

Several cars have low insurance costs, but these seven are worth mentioning. Choosing the most affordable insurance plan is critical, apart from selecting a car with low insurance costs.

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