Cheapest Car Insurance in Ontario 2023: Top Cars to Insure & How to Get the Best Rates
Car insurance in Ontario can be expensive, but it doesn't have to be. With the right information, you can find the cheapest car insurance rates and save money. In this guide, we'll explore the top cars to insure in Ontario, why some cars are cheaper to insure than others, and how to get the best rates.
Whether you're a new driver or a seasoned pro, this guide will help you save money on your car insurance. Let's get started!
Cheapest Cars to Insure in Ontario 2023
If you're living in Ontario, you know that car insurance can be expensive. It's important to find ways to save money on car insurance, and one of the best ways is to choose a car that is cheaper to insure.
In this article, we'll take a look at the cheapest cars to insure in Ontario for the year 2023. By choosing one of these cars, you can save hundreds or even thousands of dollars on your car insurance premiums. We'll also provide some tips on how to get the cheapest car insurance rates in Ontario, so you can save even more money.
Honda Civic
The Honda Civic is a popular compact car that has been manufactured by Honda since 1972. It is known for its reliability, fuel efficiency, and safety features, making it a great choice for those looking for an affordable and practical vehicle.
In terms of insurance, the Honda Civic is generally considered a low-risk car to insure. Its safety features, such as airbags, anti-lock brakes, and stability control, can help reduce the risk of accidents and injuries, which in turn can result in lower insurance premiums.
The Civic's reputation for reliability and longevity can also factor into insurance costs. Insurance companies may view the Civic as a low-risk vehicle in terms of potential for breakdowns or costly repairs, which can result in lower premiums for drivers.
Toyota Corolla
The Toyota Corolla is a compact car that has been in production since 1966, making it one of the longest-running car models in history. It is known for its reliability, fuel efficiency, and affordability. The Corolla has consistently been a top seller in Canada due to its practicality and low maintenance costs.
The Corolla comes in different models and trim levels, including the L, LE, XLE, SE, and XSE. All models are equipped with a 1.8-liter four-cylinder engine that delivers 132 horsepower and 128 lb-ft of torque. This engine is paired with a continuously variable transmission (CVT) that provides smooth and efficient acceleration.
The latest Corolla models come with a host of standard features, including LED headlights, automatic climate control, a touchscreen infotainment system, and a suite of advanced safety features, such as automatic emergency braking, lane departure warning, and adaptive cruise control.
Mazda3
The Mazda3 is a compact car that has been a popular choice among drivers for many years. It offers a combination of sporty handling, stylish design, and reliable performance that has made it a top contender in its class. The Mazda3 is available in both sedan and hatchback body styles, and it comes with a variety of features and options to suit different needs and preferences.
Under the hood, the Mazda3 offers two engine options: a 2.0-liter four-cylinder engine that produces 155 horsepower and a 2.5-liter four-cylinder engine that generates 186 horsepower. Both engines are paired with a smooth-shifting six-speed automatic transmission, and a six-speed manual transmission is also available for drivers who prefer a more engaging driving experience.
One of the Mazda3's standout features is its handling. It has a responsive and agile feel on the road, and it offers precise steering and excellent braking performance. The suspension is tuned to provide a comfortable ride without sacrificing sporty handling, and the car feels planted and stable in corners.
Inside, the Mazda3 is well-designed and comfortable, with a modern and upscale look and feel. The dashboard is uncluttered and easy to use, and the materials are high-quality and well-crafted. Standard features include a 7-inch touchscreen infotainment system, a rearview camera, and a suite of advanced safety features, such as blind-spot monitoring and rear cross-traffic alert.
Hyundai Elantra
The Hyundai Elantra is another popular option for those looking for a reliable and affordable car with low insurance rates in Ontario. The Elantra is a compact car that has been in production since 1990 and has undergone several design and technology updates over the years.
In terms of safety features, the Hyundai Elantra has an impressive array of advanced safety features including forward collision warning, automatic emergency braking, lane departure warning, and lane keeping assist. These features help to reduce the risk of accidents and make the car safer to drive, which can help to lower insurance premiums.
The Hyundai Elantra is also known for its fuel efficiency, with an average fuel economy of 7.4 L/100 km in the city and 5.6 L/100 km on the highway. This makes it an attractive option for those looking to save money on gas and reduce their carbon footprint.
Ford Focus
The Ford Focus is a compact car that has been popular for many years due to its affordability and practicality. The Focus offers a comfortable ride, spacious interior, and good fuel efficiency, making it a great choice for those looking for a reliable and economical car.
In terms of insurance costs, the Ford Focus is typically considered a mid-range option. While it may not be as cheap to insure as some of the other vehicles on the market, it is still a reasonable option for those who want a well-rounded car that won't break the bank when it comes to insurance premiums.
One factor that may affect the cost of insurance for the Ford Focus is its safety rating. The Focus has performed well in crash tests, with a 5-star overall rating from the National Highway Traffic Safety Administration (NHTSA). Cars with higher safety ratings tend to be cheaper to insure, as they are less likely to be involved in accidents and incur expensive damage.
Kia Forte
The Kia Forte is a compact car that has been in production since 2008. It is manufactured by the South Korean automaker Kia and is available in sedan, hatchback, and coupe body styles. The Forte is known for its modern design, fuel efficiency, and affordable price.
The 2023 Kia Forte comes with a 2.0-liter four-cylinder engine that produces 147 horsepower and 132 lb-ft of torque. It has a fuel economy rating of 31 mpg in the city and 41 mpg on the highway. The car has a spacious interior with comfortable seats, and it comes with a variety of standard features such as an 8-inch touchscreen display, Apple CarPlay and Android Auto compatibility, and a rearview camera.
In terms of safety features, the 2023 Kia Forte comes with a range of advanced driver assistance systems, including forward collision warning, automatic emergency braking, lane departure warning, and lane keeping assist. It also has an available blind-spot monitoring system and rear cross-traffic alert.
Nissan Versa
The Nissan Versa is a compact car that has been in production since 2006. It is a popular choice among those looking for an affordable and reliable vehicle. The Versa is known for its spacious interior, which provides ample legroom and headroom for passengers. It also offers a smooth ride and good fuel economy.
In terms of safety, the Nissan Versa comes equipped with several features, including airbags, anti-lock brakes, and a rearview camera. It has received good ratings from the National Highway Traffic Safety Administration (NHTSA) for its crashworthiness.
The Versa is also one of the cheapest cars to insure in Ontario in 2023. This is due in part to its low cost of repair and its overall reliability. It is a practical choice for those who want a car that is affordable to own and maintain.
Chevrolet Cruze
The Chevrolet Cruze is a compact car that offers a comfortable ride, spacious interior, and excellent fuel efficiency, making it a popular choice for those seeking an affordable and reliable vehicle. It is available in both sedan and hatchback versions, and its sleek and sporty design appeals to many buyers.
In terms of safety features, the Chevrolet Cruze comes equipped with a rearview camera, stability control, traction control, and a range of airbags. It also offers available features such as blind-spot monitoring, rear cross-traffic alert, and lane departure warning.
Under the hood, the Chevrolet Cruze comes with a 1.4-liter turbocharged four-cylinder engine that produces 153 horsepower and 177 lb-ft of torque, mated to a six-speed automatic transmission. It provides a smooth and comfortable ride, with responsive handling and easy maneuverability.
In terms of insurance costs, the Chevrolet Cruze is one of the more affordable options on the market, making it an excellent choice for those seeking an affordable and reliable vehicle that won't break the bank when it comes to insurance premiums.
Volkswagen Jetta
The Volkswagen Jetta is a compact car that has been a popular choice among car buyers for decades. It offers a balance of performance, fuel efficiency, and comfort that appeals to a wide range of drivers. The Jetta has a sleek and modern design, with sharp lines and a sporty stance.
Under the hood, the Jetta offers a variety of engine options, ranging from a fuel-efficient 1.4-liter turbocharged engine to a more powerful 2.0-liter turbocharged engine. It also offers a choice between a six-speed manual transmission and an eight-speed automatic transmission.
The Jetta's interior is well-designed, with high-quality materials and ample room for passengers. It comes standard with a variety of features, such as a 6.5-inch touchscreen infotainment system, Bluetooth connectivity, and a rearview camera. Higher trims offer additional features, such as a panoramic sunroof, heated front seats, and a premium audio system.
In terms of safety, the Jetta has received high marks from the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). It comes standard with a variety of safety features, such as forward collision warning, automatic emergency braking, and blind spot monitoring.
Subaru Impreza
The Subaru Impreza is a compact car that has been popular among drivers for many years. Known for its all-wheel-drive system, the Impreza is a versatile car that can handle various weather conditions. In terms of insurance, the Impreza is considered a relatively affordable car to insure in Ontario.
The latest Impreza model comes with a variety of safety features, including EyeSight Driver Assist Technology, which can detect potential collisions and warn the driver, and even apply the brakes if necessary. Other safety features include blind-spot detection, rear cross-traffic alert, and lane departure warning.
In terms of performance, the Impreza comes with a 2.0-liter four-cylinder engine that produces 152 horsepower. It also comes with a standard six-speed manual transmission, but drivers can opt for a continuously variable transmission (CVT) as well. The Impreza is known for its smooth ride and handling, making it a fun car to drive.
How to Get the Best Car Insurance Rates in Ontario
There are several ways to get the best car insurance rates in Ontario, and it's worth taking the time to explore your options. By shopping around, comparing quotes, and taking advantage of discounts, you can save money on your car insurance while still getting the coverage you need.
Shop Around for Quotes
Shopping around for car insurance quotes is one of the most important steps in getting the best car insurance rates in Ontario. There are many insurance providers in Ontario, and each one has its own set of rates and policies. By shopping around and getting quotes from different providers, you can compare prices and coverage options to find the best policy for your needs and budget.
To get started, you can visit the websites of various insurance providers or use online comparison tools to get multiple quotes at once. It's important to provide accurate information when filling out quote forms, including details about your vehicle, driving history, and personal information, to ensure that the quotes you receive are as accurate as possible.
When comparing quotes, be sure to consider not only the premium cost but also the coverage limits, deductibles, and any additional benefits or discounts that may be included. You should also research the reputation and customer service of each provider to ensure that you are working with a reliable and trustworthy company.
Bundle Your Policies
Bundling your insurance policies is another effective way to get the best car insurance rates in Ontario. Many insurance providers offer discounts when you purchase multiple policies from them, such as combining your car insurance with your home insurance or life insurance. By bundling your policies, you could potentially save hundreds of dollars a year on your insurance premiums.
Not only does bundling your policies save you money, but it also makes managing your insurance easier by having all of your policies in one place. This can simplify the process of renewing your policies, making payments, and filing claims.
When shopping around for insurance providers, be sure to ask about bundling discounts and compare the total cost of bundled policies against the cost of individual policies from different providers. It's important to make sure you're still getting the best overall value and coverage for your needs, even with bundled discounts.
Increase Your Deductible
Increasing your deductible is another way to potentially lower your car insurance rates in Ontario. Your deductible is the amount you agree to pay out of pocket before your insurance coverage kicks in.
By choosing a higher deductible, you are assuming more financial risk in the event of an accident, but you may be able to lower your monthly or yearly premiums as a result.
It's important to make sure you choose a deductible that you can comfortably afford to pay if you ever need to make a claim.
Maintain a Good Credit Score
Maintaining a good credit score is important for many aspects of your financial life. A good credit score can help you secure loans and credit cards with better interest rates and terms, and can also make it easier for you to rent an apartment or qualify for a mortgage.
To maintain a good credit score, it's important to:
- Pay your bills on time: Late payments can have a negative impact on your credit score. Set up automatic payments or reminders to ensure you pay your bills on time.
- Keep your credit utilization low: Your credit utilization is the amount of credit you're using compared to your credit limit. Keeping this ratio low can have a positive impact on your credit score.
- Monitor your credit report: Regularly checking your credit report can help you identify errors or fraudulent activity that could negatively impact your credit score.
- Use credit responsibly: Only apply for credit you need and can afford to repay. Maxing out your credit cards or taking on too much debt can harm your credit score.
- Build a long credit history: The length of your credit history is a factor in determining your credit score. Keeping old credit accounts open and in good standing can help improve your credit score over time.
Drive Safely and Responsibly
Drive safely and responsibly is a simple phrase that emphasizes the importance of being cautious and attentive while operating a motor vehicle.
It's essential to follow traffic laws and regulations, including speed limits, using turn signals, and wearing a seatbelt, to ensure your safety and that of others on the road.
Additionally, avoid distractions such as texting or using your phone while driving, and never drive under the influence of drugs or alcohol.
Take Advantage of Discounts
Take advantage of discounts is a phrase that encourages individuals to use available opportunities to save money when making purchases.
Many businesses offer discounts, such as coupons, promotional codes, and loyalty programs, to attract and retain customers. These discounts can apply to a wide range of products and services, from clothing and groceries to travel and entertainment.
By taking advantage of these discounts, you can reduce your expenses and stretch your budget further. It's always worth checking for available discounts before making a purchase, as you may be able to save a significant amount of money over time.
Consider Telematics
Consider telematics is a phrase that suggests exploring the use of technology to monitor and improve driving behavior. Telematics refers to the use of devices such as GPS trackers and sensors to collect and transmit data about a vehicle's location, speed, and other performance metrics.
This information can be used to analyze driving habits, identify areas for improvement, and provide feedback to drivers. Telematics can also be used by insurance companies to track driving behavior and offer personalized discounts based on safe driving habits.
By considering telematics, you can gain a better understanding of your driving habits, improve your safety on the road, and potentially save money on insurance premiums.
Why Car Insurance Rates Vary by Car Model
Car insurance rates can vary by car model due to several factors that affect the cost of insuring a vehicle. These factors include:
Cost of Repairs
Cost of repairs refers to the expenses involved in fixing or restoring something that has been damaged or broken. In the context of vehicles, the cost of repairs can vary widely depending on the extent of the damage, the type of vehicle, and the cost of replacement parts and labor.
Repair costs can be a significant factor in determining the overall cost of owning and maintaining a vehicle, especially if the vehicle is older or has a history of mechanical problems.
Regular maintenance, such as oil changes and tire rotations, can help prevent the need for costly repairs and extend the life of a vehicle.
It's important to factor in the cost of repairs when budgeting for vehicle expenses and to consider this when selecting a vehicle to purchase or lease. Additionally, it's a good idea to have a contingency fund set aside for unexpected repairs or emergencies.
Safety Features
Safety features refer to the various technologies and systems that are designed to improve the safety of a vehicle and its occupants. Some common safety features found in modern vehicles include:
- Airbags: These are designed to deploy in the event of a collision to cushion the impact and reduce the risk of injury.
- Anti-lock brakes: These prevent the wheels from locking up during hard braking, which can help the driver maintain control of the vehicle.
- Blind-spot monitoring: This system uses sensors to detect other vehicles in the driver's blind spots and alerts the driver to their presence.
- Lane departure warning: This system alerts the driver when the vehicle begins to drift out of its lane, helping to prevent accidents caused by driver inattention or fatigue.
- Rearview camera: This camera provides a view of what is behind the vehicle, making it easier for the driver to back up safely and avoid collisions.
- Adaptive cruise control: This system automatically adjusts the vehicle's speed to maintain a safe following distance from the vehicle in front.
These are just a few examples of the many safety features that are available in modern vehicles. It's important to consider these features when shopping for a vehicle and to prioritize safety when making a purchasing decision. Safety features can help prevent accidents, reduce the risk of injury, and provide added peace of mind while on the road.
Likelihood of Theft
Likelihood of theft refers to the probability that a vehicle will be stolen. Some vehicles are more likely to be stolen than others, based on factors such as their popularity, value, and ease of theft. Cars that are frequently stolen are often more expensive to insure, as insurance companies must pay out more in claims for stolen vehicles.
To reduce the likelihood of theft, there are several steps that vehicle owners can take, including:
- Installing an anti-theft device: This can include a steering wheel lock, alarm system, or vehicle tracking system that can help locate the vehicle in the event of theft.
- Parking in a secure location: Parking in a well-lit area or a garage can make it more difficult for thieves to steal a vehicle.
- Keeping valuables out of sight: Items such as laptops, cell phones, and GPS units can attract thieves and increase the likelihood of a break-in.
- Using common sense precautions: This includes things like locking doors, rolling up windows, and taking keys with you when leaving the vehicle.
It's important to be aware of the likelihood of theft when purchasing a vehicle, especially if the vehicle is a popular target for thieves. Taking steps to prevent theft can not only help protect your vehicle and your property but can also potentially lower your insurance premiums.
Performance and Horsepower
Performance refers to a vehicle's ability to accelerate, handle, and maneuver on the road. Horsepower is a measure of an engine's power output, and is often used as an indicator of a vehicle's performance capabilities.
Vehicles with higher horsepower engines typically have faster acceleration and higher top speeds, making them more desirable for drivers who value performance.
However, higher horsepower vehicles can also be more expensive to insure, as they are more likely to be involved in accidents and may cause more damage in the event of a collision.
It's important to consider a vehicle's performance and horsepower when purchasing a car, as it can impact both the driving experience and the cost of ownership.
For drivers who prioritize performance, a higher horsepower vehicle may be a good choice, but it's important to factor in the potential higher insurance costs as well.
Driver Demographics
Driver demographics refer to the characteristics of drivers, such as age, gender, location, and driving history. These factors can impact the cost of car insurance, as certain demographic groups may be more likely to be involved in accidents or file claims.
For example, younger drivers (under the age of 25) are often considered high-risk by insurance companies, as they have less driving experience and are more likely to be involved in accidents.
As a result, car insurance rates for young drivers can be significantly higher than rates for older, more experienced drivers.
Gender can also impact car insurance rates, as statistics have shown that male drivers are more likely to be involved in accidents than female drivers.
However, this can vary by location and driving history, so it's important to compare rates from multiple insurance companies to find the best policy for your individual circumstances.
Other factors that can impact car insurance rates based on driver demographics include the type of vehicle driven, the frequency of driving, and the driving record of the individual driver.
Conclusion:
Car insurance in Ontario can be expensive, but there are ways to save money. By choosing the right car, shopping around for quotes, and taking advantage of discounts, you can find the cheapest car insurance rates. Remember to drive safely and responsibly, maintain a good credit score, and consider telematics. With these tips, you can get the coverage you need at a price you can afford. Get a quote today and start saving!
