Purchasing a vehicle is a considerable investment, but purchase price should not be the only consideration. Fuel economy is a priority for many consumers, as well as, the costs involved with regular care and maintenance. All vehicles on the road are required by law to have auto insurance to provide financial protection for the policyholder and other drivers in case of collision. First year insurance premiums may cost up to as much as one-third of a new vehicle’s purchase price, but traditionally, thousands of vehicles are bought daily without a thought given to the cost of insuring them. Auto rates are determined by a variety of factors, including driving history, where you live, and the vehicle’s make, model and manufacture year. Some vehicles are cheaper to insure than others. Following are the ten cheapest cars to insure in Canada:
1. Hyundai Accent
The Hyundai Accent hatchback is popular with Canadians who find it affordable, dependable and fuel-efficient. It received the highest safety ratings for roof strength, rear crash protection, and moderate overlap front test results.
2. Volkswagen Jetta
This car is one of Alberta’s most popular models. The Jetta is a comfortable, affordable, midsize sedan and rated as a top safety pick.
3. Dodge Journey
Canada’s favourite crossover model is the Dodge Journey. The vehicle is affordable, seats up to seven and fuel efficient. The Journey received four stars for rollover and frontal crash protection and a five-star rating for side-impact protection.
4. Jeep Wrangler
Chrysler continues to see record growth, partly because of the popularity of the Jeep Wrangler. The Wrangler includes numerous safety and security features, including front and side airbags with sensor detection, and body-on-frame construction.
5. Honda Accord
The Honda Accord has been the most popular car in Canada for twelve years. Auto insurance companies give a great deal of weight to safety features and the Accord is filled with them. Features include anti-lock brakes, head restraints, front and side airbags, vehicle stability support and tire pressure monitoring.
6. Ford Fusion
The Ford Fusion is one of Canada’s favourite, moderately priced, midsize car. Insurance rates are lower as the overall safety of the Fusion is rated at the highest level of five stars.
7. Ford Escape
The Ford Escape, a compact SUV, is a popular sales leader in Canada. It received the highest safety results for roof strength, rear crash protection, side impact test and moderate overlap front test.
8. Mazda CX-5
The Mazda CX-5 has become a Canadian top seller as a practical, affordable and reliable vehicle for small families. Safety features for the Mazda CX-5 include front and side air bags, stability and traction control, automatic notification, smart city brake support with collision warning and blind spot monitoring.
9. Chevrolet Cruze
The Chevrolet Cruze is on the top ten list for cheapest cars to insure and a popular choice in Canada. The vehicle is furnished with the newest safety technology. The Cruze was the first vehicle in its class to have ten standard airbags and also includes an exceptionally strong steel safety cage surpassing roof-crush resistance requirements.
10. Toyota Corolla
The Toyota Corolla is the top selling compact car in North America. The Corolla earned the highest scores in frontal and side impact areas. The vehicle is recognized as a Top Safety Pick.
Take some time to review the insurability of a vehicle’s make and model. With a little research, Alberta residents can save a great deal of money on auto insurance. Contact ARC Insurance today to learn more!