Best Used Cars for Cheap Insurance in Canada
Best Used Cars for Cheap Insurance in Canada
Posted on November 19, 2024
If you're searching for the best used cars for cheap insurance, we’ve got you covered. In this article, you’ll discover which used cars have the lowest insurance rates and why.
We’ll detail affordable sedans, SUVs, luxury cars, pickup trucks, and even electric vehicles that won’t break the bank on the insurance part of your vehicle budget. Armed with our hand-picked shortlist you'll learn what makes these models cost-effective for insurance make your next move!
What to Remember About Getting the Cheapest Cars to Insure
- Top used cars for low insurance premiums in 2024 include the Honda Civic, Toyota Corolla, and Mazda 3, recognized for their reliability and safety records.
- Car insurance rates are influenced by vehicle safety features, repair costs, personal coverage choices, and the driver’s history.
- The Honda Civic is one of the cheapest cars to insure due to its strong safety ratings and reliable reputation.
- SUVs like the Subaru Outback and Honda CR-V have low insurance costs due to multiple airbags, advanced safety and driver-assistance features, as well as high safety ratings.
- Certain luxury cars, such as the Acura TLX and Lexus ES, can have affordable insurance premiums due to their safety technologies, less flashy demeanor, and high safety ratings.
- Electric vehicles, like the Nissan Leaf and Chevrolet Bolt, can be cheaper to insure than traditional gasoline cars due to their safety features and eco-friendly benefits.
Factors Affecting Car Insurance Rates
Completing a car insurance deal like this one can lead to better rates when you choose vehicles with advanced safety features, which insurers often reward with discounts.
Car insurance rates are influenced by a multitude of factors, many of which revolve around the vehicle’s safety features and repair costs. Ultimately, every car has its repair costs and safety can become relatively even or reliable across makes and models; you're safe with all OEMs we work with and stock in our inventory.
For instance, cars equipped with advanced driver assistance features and anti-theft systems tend to have lower car insurance premium because they are less likely to be involved in severe accidents or thefts.
Trucks like a used GMC Sierra 1500 are considered affordable to insure due to their standard safety features and popularity for a balance between safety and performance, which translates into reasonable repair costs and lower insurance premiums.
Non-Vehicle Factors of Insurance Rates
Personal coverage choices also play a significant role in determining car insurance rates. In our experience getting people up and running with their vehicles, some of them first-time car owners, this step doesn't have to be daunting, it's just a conversation you'll have over the phone with your insurer.
While opting for additional protections and higher coverage limits with them can lead to increased premiums—maintaining a good driving record and practicing safe driving habits can significantly lower your auto insurance expenses.
Insurance providers often reward drivers with fewer tickets and claims; safe driving remains one of the most cost-effective strategies for reducing insurance costs. But vehicles can help you reclaim some of the negotiating power.
Cutting Insurance Costs by Leaning into Luxury
Luxury vehicles, which might seem expensive to insure at first glance, can sometimes offer surprisingly low insurance premiums depending on their safety features and the brand. Understanding these factors can help you choose a vehicle that not only fits your budget but also minimizes your insurance costs.
Best Used Cars for Low Insurance Premiums in Canada
When it comes to finding the cheapest cars to insure, used vehicles often offer the best value. These cheaper used cars typically assure high quality (despite having a few miles on them), lower repair costs and are equipped with safety features that contribute to reduced insurance premiums.
Among the top choices for now are the Honda Civic, Toyota Corolla, and Mazda 3. Let's look at how models leverage their sought-after reliability and safety, making them excellent options for budget-conscious buyers.
Honda Civic
A used Honda Civic SI like this one often enjoys lower insurance rates thanks to its advanced Honda Sensing suite, which includes features like Collision Mitigation Braking System for enhanced safety.
The Honda Civic has long been a favorite among drivers seeking affordable car insurance. Its Top Safety Pick status, play a significant role in keeping insurance costs low. With a reputation for reliability and strong safety features, the Civic is a top choice for those looking to minimize their car insurance premiums.
A used Honda Civic is appealing for both first-time buyers and those seeking a more cost-effective vehicle due to its affordability and low insurance costs.
Toyota Corolla
A used Toyota Corolla LE like this one can benefit from lower insurance rates due to its comprehensive Toyota Safety Sense suite, which includes features like Pre-Collision System with Pedestrian Detection.
The Toyota Corolla stands out for its reliability and low maintenance costs, which significantly contribute to its favorable insurance rates. Known for its durability and robust build, the Corolla ensures a low average repair cost of only $490.61 per year, encouraging to reduced insurance premiums. The Toyota Corolla’s sought-after reliability and cost-effectiveness makes it a strong contender for affordable car insurance.
Mazda 3
A used Mazda3 Sport GT like this one can secure better insurance rates due to its i-Activsense safety features, including Smart City Brake Support for enhanced urban driving safety.
The Mazda3 is another excellent option for those looking to save on insurance costs. This vehicle balances performance and safety, making it a cost-effective choice for insurance premiums. With good performance metrics and a couple of TOP SAFETY PICK+ wins, the Mazda 3 in sedan or hatchback ensures that you don’t have to sacrifice driving pleasure for safety and insurance affordability.
Affordable SUVs with Lower Insurance Costs
SUVs are increasingly popular due to their versatility and space, and many models also offer low insurance premiums. Factors like safety features and lower repair costs make affordable SUVs a smart choice for families and individuals alike. Among the top picks for affordable car insurance these days are the Subaru Outback, Honda CR-V, and Ford Escape.
These vehicles are not only practical but also come with safety features that help reduce insurance costs. An in-depth look at these SUVs highlights their benefits.
Subaru Outback
A used Subaru Outback WILDERNESS like this one can help drivers stay safe due to its EyeSight Driver Assist Technology, which includes Adaptive Cruise Control for safer highway driving.
The Subaru Outback gets our mark of approval for its safety features and durability, which significantly contribute to its low insurance premiums. With as many as 8 airbags in recent models, the Outback is an excellent choice for those seeking affordable car insurance based on built-in safety.
The Subaru Outback’s hardy build and advanced safety features enhance its reliability and cost-effectiveness for insurers—savings they can then pass on to their insured customers.
Honda CR-V
A used Honda CR-V Touring like this one encourages lower premiums thanks to features like Adaptive Cruise Control for safer suburban driving.
The Honda CR-V is another strong contender in the SUV category, known for its high safety ratings and durability even up to high-mileage. The reliable advanced driver assistance feature, the Honda Sensing suite of safety features and the well-known build quality CR-V work together to maintain competitive insurance rates.
Ford Escape
A used Ford Escape SEL like this one exemplifies safety due to its Ford Co-Pilot360 suite, including features like Lane-Keeping System.
The Ford Escape combines a competitive purchase price with reportedly low insurance premiums, making it a popular choice among budget-conscious SUV buyers. Its affordability extends beyond the initial car purchase, as the Escape is also recognized for its low insurance premiums according to our Ford customers.
Budget-Friendly Luxury Cars for Cheap Insurance
A used Acura TLX like this one can benefit from lower insurance rates thanks in part to its AcuraWatch suite, which includes features like Collision Mitigation Braking System for enhanced safety.
Luxury cars might come with the expectation of high insurance costs, but some models offer surprisingly affordable premiums. Advanced safety features and robust build quality contribute to lower insurance costs, making luxury vehicles an attractive option for budget-conscious consumers.
These vehicles combine luxury with high safety ratings, usually resulting in reasonable insurance premiums. Among the best choices right now are the Acura TLX, Lexus ES, and Volvo S60.
Acura TLX
The Acura TLX is designed with various luxurious appointments that enhance the driving experience, along with advanced safety features that help lower its insurance costs. The TLX’s AcuraWatch™ collision mitigation system makes it a standout for safety-oriented, budget-friendly luxury—helping many of our used Acura customers getting competitive insurance premiums.
Lexus ES
The Lexus ES from our used Lexus inventory is known for its high safety ratings, which contribute significantly to its manageable insurance premiums. The Lexus ES’s luxury and safety make it a sensible premium vehicle with manageable insurance costs.
Volvo S60
Equipped with advanced safety technology aiming for zero-collisions such as lidar, automatic emergency braking and lane-keeping assist, the Volvo S60 offers lower insurance premiums due to its reduced risk of accidents. This focus on safety, combined with its luxury status (assuring some of the best build quality), makes the Volvo S60 an excellent choice for those looking to save on insurance costs.
Affordable Pickup Trucks to Insure
Pickup trucks are known for their ruggedness and utility, but some models also offer low insurance premiums. Safety features, even for towing, and reliability play key roles in keeping insurance costs down.
These trucks combine durability with advanced safety features, which often translates to lower insurance premiums. Among the best choices for new or used truck owners to save on insurance are the Ford F-150, Chevrolet Silverado, and Toyota Tacoma.
Ford F-150
A used Ford F-150 XL like this one can benefit from lower insurance rates due to its durable frame and lower repair costs, making it a cost-effective choice for insurance.
The Ford F-150 prioritizes IIHS Top Safety Pick recognized occupant safety. It has a sturdy construction as well, both factors that help it remain one of the cheapest trucks to insure. The Ford F-150 is a popular choice among truck buyers, thanks to Ford Copilot360 and sturdy construction, which help keep insurance rates low.
Chevrolet Silverado
A used Chevrolet Silverado 1500 RST as pictured can qualify for lower insurance rates due to its advanced safety features, potentially avoiding accidents through Forward Collision Alert.
The Chevrolet Silverado 1500 is affordable to insure—and its value, reliability scores from J.D. Power of 80 out of 100, and strong safety ratings, all contribute to that. Its sturdy build quality, helpful trailering guides, and proven track record in crash tests make it an excellent option for drivers looking to save on insurance costs.
Toyota Tacoma
The Toyota Tacoma is widely recognized for its reliability and advanced safety system Toyota Safety Sense 3.0—having undergone great updates recently. It seamlessly integrates features, such as airbags, stability control, and anti-lock brakes—qualifying it for strong safety ratings to help keep insurance premiums affordable.
Electric Vehicles with Low Insurance Premiums
Electric vehicles (EVs) in used condition are gaining popularity due to their eco-friendly benefits and lower insurance premiums compared to traditional vehicles.
Among the best choices for the coming years are used inventory of the Nissan Leaf, Chevrolet Bolt, and Hyundai Kona Electric. These EVs combine affordability with next-gen safety features, encouraging attractive insurance rates. Examining these electric vehicles reveals their cost-saving benefits, so let's look at the highlights!
Nissan Leaf
A used Nissan LEAF like this one can benefit from lower insurance rates due to its zero-emission electric powertrain, which often qualifies for eco-friendly discounts.
The Nissan Leaf in used condition is an affordable electric vehicle option, known for many years for its multiple safety features like Nissan Safety Shield® 360, ProPILOT Assist, and more—all contribute to lower insurance costs. This combination of affordability and safety makes the Leaf a standout choice for those looking to save on insurance premiums.
Chevrolet Bolt
A used Chevrolet Bolt EUV LT like this one can benefit from lower insurance rates due to its advanced safety features, such as Automatic Emergency Braking, which helps prevent collisions.
The Chevrolet Bolt’s excellent safety ratings and reasonable common repair costs (with the exception of brakes) contribute to its competitive insurance premiums. The Bolt’s high safety ratings and cost-effective repairs make it an excellent option for affordable insurance.
Hyundai Kona Electric
A newer used Kona Electric like this one encourages safe driving to its regenerative braking system, reduces wear and tear on the brakes, and lowers maintenance costs.
The Hyundai Kona Electric has made great strides for its reliability and safety features in recent redesigns, which significantly enhance its safety ratings—in turn leading to lower insurance premiums. This combination of reliable performance and low insurance costs makes the Kona Electric an excellent option for budget-conscious buyers.
Browse Kaizen Auto's Used Car Inventory for a Car with the Lowest Insurance
Choosing the right used car can significantly reduce your car insurance premiums—period. Looking at a sports car can be thrilling, but if you haven't pictured life with higher insurance premiums and agreed to it, you might end up with buyers' remorse. By focusing on vehicles with high safety ratings, reliability, and lower repair costs, you can ensure that your car insurance remains manageable.
As the automotive landscape evolves, it’s best to stay informed about vehicle choices can help shape affordable car insurance. From electric vehicles like the Nissan Leaf and Chevrolet Bolt to dependable pickup trucks such as the Ford F-150 and Toyota Tacoma, the market offers a wide range of choices that cater to different needs and budgets.
Make a well-informed car purchase decision that not only fits your lifestyle but also helps you save on the total cost of ownership. Ready to find a vehicle that you can feel good about insuring? Schedule a test drive today and experience firsthand your hand-picked balance of affordability, safety, and reliability.
Frequently Asked Questions
What car brand is the cheapest to insure?
The Dodge family, and notably the Journey model from that make, has a reputation among our customers as one of the cheapest car brands to insure in Canada.
Are older cars cheaper to insure in Canada?
Generally, older cars are cheaper to insure in Canada because they are less valuable and cost less to repair. They're therefore less dangerous on the road when it comes to breakdowns and less targeted for theft.
Which type of car insurance is the cheapest?
Liability-only insurance is typically the cheapest type of car insurance in Canada as it covers only the damage or third-party liability, you're responsible to others for.
At what age is car insurance cheapest?
It's common among our customers that car insurance rates generally become cheaper after age 25 in Canada, provided you maintain a clean driving record. Of course, every insurer decides policy themselves, so you'll just have to shop around for insurers that get you the best price no matter your age!