Are you thinking about trading in your current set of wheels for a brand-new car? If so, you’re in for a difficult decision. The modern automotive market has countless models to choose from, which can make finding the right car feel a little bit overwhelming at times.

If you’re the type of person who likes to save money, you can narrow down your decision by picking a car that has (on average) lower insurance rates.

This leads to the question of the day: What are the cheapest cars to insure in Ontario?

Continue reading to find out more.

*Reach out to your Surex insurance advisor for up to date information regarding accurate pricing, rates, claims, etc.*

What are the cheapest cars to insure in Ontario?

Car insurance can be incredibly expensive throughout many parts of Ontario. Ontario has one of the highest averages for auto insurance rates, sitting at roughly $1,634 per year. Because of this, many drivers in Ontario are constantly looking for ways to cut down on insurance, even if it means trading in their current ride.

If you’re looking for a vehicle that has statistically lower insurance rates, you may want to consider going with a model from our list of cars with the lowest insurance in Ontario:

• Jeep Wrangler — Average annual premium of $1,670 (monthly payment of $139)
• Nissan Versa — Average annual premium of $1,709 (monthly payment of $142)
• Toyota Prius — Average annual premium of $1,917 (monthly payment of $159)
• Honda Odyssey — Average annual premium of $2,059 (monthly payment of $171)
• Honda CR-V — Average annual premium of $2,082 (monthly payment of $173)
• Chevrolet Cruze — Average annual premium of $2,198 (monthly payment of $183)

Many of these vehicles, like the Jeep Wrangler, have been featured on this list for several years in a row, making them a safe choice for drivers who don’t want to see an unexpected spike in their insurance premiums in the not-so-distant future.

So, if you’ve been wondering, “which car has the cheapest insurance in Ontario?”, you can’t go wrong with the Jeep Wrangler. However, the other models on our list are also fantastic choices. Contact your Surex insurance advisor today to learn more about how you can reduce your car insurance premium. 

*Pricing based on a driver with 20 years experience, with a clean driving record living in the suburbs.*

What type of vehicle has the cheapest car insurance in Ontario?

Although the price of your premium will depend on a number of factors (the types of coverage you purchase, your age, area, etc.), data shows that mini-vans, SUVs and crossovers are the cheapest vehicles to insure in Ontario.

You may be wondering why these types of vehicles are less expensive to insure; it mostly boils down to the driver’s lifestyle and driving habits.

For starters, people that drive mini-vans, SUVs or crossovers are less likely to speed, break the rules of the road or drive recklessly. This is due to the fact people driving these types of vehicles are more likely to drive with infants or young children onboard.

Additionally, people who own these types of vehicles tend to be older, more experienced drivers that know how to handle themselves on the road. This makes them less of a risk to others, which reflects on their insurance rates. 

Mini-vans, SUVs and crossovers are also relatively safe vehicles. Many modern models come equipped with high-quality safety features, which reduce the risk of severe injuries. This is particularly true when it comes to bulkier models. With all this in mind, it’s clear why the Jeep Wrangler (an SUV) tops the list of the cheapest cars to insure in Ontario. 

Cheapest auto insurance in Ontario by automotive brand

If you’re the type of driver that is loyal to a specific automotive brand, check out the following list to see where your favourite manufacturer stands in regards to cheap auto insurance:

• GMC
• Ford
• Chevrolet
• RAM
• Chrysler
• Dodge
• Jeep
• Subaru
• Kia
• Mazda

You may have noticed that Jeep is listed towards the bottom of our brand list, even though the Wrangler is at the top of our previous list. This shows that several automotive companies manufacture a wide range of vehicles that are affordable to insure.

What insurance company offers the lowest insurance for cars in Ontario?

Unfortunately, there’s no easy way to answer this question. There’s no way of figuring out which company will be able to offer you the cheapest auto insurance until you start comparing quotes.

Each auto insurance company has their own sets of processes and formulas to determine your potential car insurance rate. Some companies may only be able to offer you the bare minimum, while others may be able to offer significant discounts. This is why you should always take the time to shop around for the best car insurance quotes.

If you’re having a hard time finding competitive auto insurance quotes in Ontario, you should team up with an online insurance brokerage. Online insurance brokerages work closely with a variety of insurance companies, which gives them the ability to provide policyholders with several quotes at once!

Want to team up with an award-winning insurance brokerage? Contact our team at Surex today!

Save up to 25% on your premium when you bundle your policies with a Surex insurance provider

Whether you’re looking for high-quality home insurance or cheap car insurance, you can always rely on our team at Surex. Our team works closely with some of the best insurance companies in Ontario, allowing us to help policyholders, like you, find and compare the most competitive quotes.

Contact us today to get paired with your personal Surex insurance advisor! You can start comparing quotes in ten minutes or less.

Don’t hesitate to ask your personal Surex insurance advisor about your bundling options. Bundling multiple policies with the same provider is a fantastic way to reduce your premium. In some cases, you can save as much as 25%.