The Best (and Cheapest) Cars to Insure in Canada

Fact: The Honda Civic has been the best-selling car in Canada for 19 consecutive years, with more than 800,000 models being sold nationwide since 2004. But according to recent sales data, the Hyundai Elantra seems to be picking up speed as it is the only vehicle listed in the top 10 whose sales grew year-over-year, while all of the others shrank.

Check out the top 10 best-selling cars in Canada last year below:

1. Honda Civic


2. Hyundai Elantra


3. Toyota Corolla


4. Mazda Mazda3


5. Chevrolet Cruze


6. Volkswagen Jetta


7. Volkswagen Golf


8. Hyundai Accent


9. Ford Focus


10. Toyota Camry

Volkswagen models the cheapest to insure

So sure, these cars may be rising in popularity. Chances are, nowadays, if you’re not driving a Civic, you saw tens or hundreds of them on your way to work this morning. But how do these best-selling cars rank in the cost for auto insurance?

To find out which of these best-sellers cost less to insure, we compared average car insurance rates using the RateSupermarket.ca car insurance quoter in six Ontario cities — Ajax, Cambridge, London, Ottawa, Peterborough, and Toronto. Check out the results below, ranked from cheapest to most expensive to insure:

1. Volkswagen Jetta


2. Volkswagen Golf


3. Toyota Camry


4. Hyundai Accent


5. Chevrolet Cruze


6. Mazda Mazda3


7. Hyundai Elantra


8. Honda Civic


9. Toyota Corolla


10. Ford Fusion

Would saving a couple hundred dollars a year in car insurance premiums help you decide on which new car to buy? Between the Volkswagen Jetta and the Ford Fusion, the difference in the average quoted premium was around $185. However, at the end of the day, car insurance rates are determined by a number of different factors.

How are auto insurance rates determined?

Whether your car is on the best-selling list or not, it’s more than just the car you drive. There are many factors to considered when calculating your rate. For example, where you live, where you drive, as well as any tickets or accidents on your record.

So before you go ahead and buy a new ride, it’s important to compare car insurance quotes first. Every person is different, so even if your neighbor drives the same vehicle as you, you may end up with a significantly different rate.

Go to RateSupermarket.ca to compare car insurance quotes and see which car will save you the most before you make your final purchase decision.

* Sales data from Good Car Bad Car Auto Sales Data.

cars with cheapest insurance for young drivers, cars with cheapest insurance ontario, cars with cheapest insurance rates
Source: http://docphy.com/business-industry/personal-finance/insurance/best-cheapest-cars-insure-canada.html