When you’re shopping for a new car, there are so many things to consider. Does it fit your lifestyle? Which options do you need vs. the options you want? And of course, does it work with your budget? Part of that budget decision might also include the cost to insure it.
Determining which car brands are cheaper to insure comes down to a number of factors, including:
- How safe is it?
- How easy is it to steal?
- How much will it cost to repair?
Using these criteria as a guide, our Sonnet actuarial experts have put together their list of the top 10 cheapest cars to insure in Canada*.
- Kia RIO
- Volkswagen Beetle
- Chrysler 200
- Kia Optima
- Subaru Forester
- Toyota Camry
- Jeep Wrangler
- Ford Taurus
- Subaru Outback
- Kia Forte
Of course, your own driving and claims history are other important factors in determining your overall auto insurance cost.
So if you’re in the market for some new wheels and need to stick to your budget, choosing a vehicle brand that’s cheaper to insure can go a long way in helping to keep your insurance costs down.
*Vehicles selected are based on data from Sonnet Insurance Company and have a Manufacturer’s Suggested Retail Price of $35,000 or less.