When considering insurance, there are a number of factors, one of which is the kind of car you drive: Is it a sports car or family vehicle? Does it have a high rate of theft? Is it expensive to repair? Is it a new or older vehicle? All these factors weigh upon the amount you will have to pay to insure the vehicle. For instance, if you're buying a new sports car that is highly attractive to thieves, has a statistical record for high-rates of accidents, and is expensive to repair, you'll pay much more for that car than one that is an older family vehicle.
The Cheapest Cars To Insure In Canada
For a very detailed analysis of vehicles and they're insurance rates, check out the How Cars Measure Up report by the Insurance Bureau of Canada. For the purpose of simplicity, below are top 10 vehicles that are known for having some of the lowest insurance rates in Canada:1. Mazda Tribute
2. Jeep Compass
3. Pontiac Grand Prix
4. Chevrolet Equinox
5. Subaru Forester
6. Smart Fortwo Coupe
7. Dodge Grand Caravan
8. Honda Odyssey
9. Ford Edge
10. Volvo XC90
The Most Expensive Cars To Insure In Canada
With the cheapest cars to insure out of the way, it remains necessary to list some of the most expensive vehicles to insure, with some being tagged as such for their appeal to car thieves, and others for their capacity for break-neck speed.1. BMW M6
2. Mercedes-Benz CL550 4MATIC
3. Audi R8 Spyder Quattro
4. Mercedes-Benz SLS AMG GT
5. Mercedes-Benz G63 AMG
6. Ford F-250 Super Duty
7. Honda Civic Si Coupe
8. Acura MDX
9. Toyota FI Cruiser
10. Toyota Camry
For a detailed list of the cheapest and most expensive vehicles to insure in Canada, check out How They Measure Up: a document put together by the Canadian Insurance Bureau.
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