In Canada, insurance costs can sometimes feel like they overshadow the price of the car itself. While location, driving record, and age all play big roles, the type of car you drive has a huge impact too. Insurers calculate premiums based on repair costs, theft rates, safety performance, and even the typical demographics of drivers who choose a certain model. Cars that are reliable, safe, and affordable to fix usually come with lower premiums, while performance models and luxury imports tend to push prices through the roof. For drivers looking to save money, here are twelve cars that consistently rank among the most affordable to insure in Canada, along with what you can expect in terms of average insurance costs.
Honda Civic
The Civic is Canada’s long running best seller, and it earns its popularity not only with reliability and fuel economy but also with insurance savings. Because parts are widely available and repairs are straightforward, insurers see less risk. Owners are also often seen as safe and conservative drivers. Depending on location and driver profile, the average premium for a Civic ranges from about 1,400 to 1,700 Canadian dollars per year, putting it among the least expensive cars to cover.
Toyota Corolla
The Toyota Corolla has earned its place as one of the most dependable vehicles ever built, and insurers recognize this with some of the lowest premiums available. With excellent crash test ratings, low theft appeal, and affordable parts, it is a car that minimizes risk for both owners and insurers. On average, Canadian drivers pay around 1,300 to 1,600 dollars annually to insure a Corolla, which is significantly lower than many other compact cars.
Hyundai Elantra
The Hyundai Elantra has steadily climbed the popularity charts in Canada thanks to affordability, comfort, and a long warranty. Insurance companies reward it with low premiums because repair costs remain modest and its safety record is strong. Average annual insurance costs for an Elantra fall in the 1,400 to 1,700 dollar range, depending on province and driver details, making it one of the more budget friendly models for coverage.
Mazda 3
The Mazda 3 stands out as one of the sportier feeling compact cars, yet it still benefits from affordable insurance rates. Its excellent crash safety scores and relatively low repair bills help keep premiums down. In Canada, the Mazda 3 usually costs between 1,500 and 1,800 dollars annually to insure. Younger drivers may see slightly higher numbers, but overall it is cheaper than rivals with similar performance.
Kia Forte
The Kia Forte offers value both at purchase and throughout ownership, and insurance costs reflect that. It is inexpensive to repair, comes with a strong warranty, and appeals to a low risk buyer profile. Canadian insurance premiums for a Forte often land between 1,300 and 1,600 dollars annually. For younger drivers or first time owners, it is one of the most affordable cars to insure on the market.
Volkswagen Jetta
The Jetta remains popular in Canada because it blends German styling with practical pricing, and surprisingly it doesn’t come with European level premiums. Because it is built on widely used platforms and has strong safety scores, insurers rate it favorably. Insurance costs for the Jetta average around 1,400 to 1,700 dollars per year, making it more affordable to cover than you might expect from a German badge.
Subaru Impreza
The Subaru Impreza is one of the few compact cars that comes standard with all wheel drive, making it a go to choice in Canadian winters. Insurers like it because of its loyal buyer base and strong safety credentials. Despite its AWD capability, premiums remain competitive, usually in the 1,500 to 1,800 dollar annual range. Drivers benefit from winter confidence without paying extra for coverage.
Nissan Sentra
The Nissan Sentra has never been a flashy car, but its modest design and reliable record keep it affordable to insure. Insurers value its low repair costs and generally safe driving profile of its owners. In most provinces, annual insurance costs for a Sentra range from 1,300 to 1,600 dollars. That makes it one of the more wallet friendly options for Canadians who want dependable transportation without steep premiums.
Toyota Camry
The Toyota Camry is a midsize sedan that is known for long lasting reliability and family friendly appeal. With excellent crash test ratings and very low theft rates, the Camry regularly ranks among the cheapest midsize cars to insure in Canada. Annual premiums usually sit between 1,400 and 1,700 dollars, which is impressive given its size and power compared to smaller compacts. Families benefit from both peace of mind and lower insurance bills.
Hyundai Sonata
The Hyundai Sonata competes directly with the Camry and has earned a similar reputation for affordability in insurance costs. Safe, practical, and straightforward to repair, it appeals to drivers who insurers see as low risk. On average, Canadian drivers pay between 1,500 and 1,800 dollars annually to insure a Sonata. While not as iconic as the Camry, it delivers a similar package of safety and savings.
Chevrolet Malibu
The Chevrolet Malibu offers domestic buyers a midsize sedan that remains affordable both to buy and to insure. Parts are widely available in Canada, which keeps repair costs lower, and the car’s moderate power output means insurers view it as a safe bet. Annual insurance costs usually range between 1,400 and 1,700 dollars. For those who prefer buying from a North American brand, the Malibu offers competitive coverage costs.
Honda Accord
The Honda Accord is a larger and more refined alternative to the Civic, yet it still delivers surprisingly low insurance rates. Its reliability record, high safety scores, and appeal to family oriented buyers make it a favorite among insurers. In most provinces, annual insurance premiums fall between 1,500 and 1,800 dollars. It strikes a balance between size, comfort, and cost effectiveness, both at the pump and in the insurance office.
Why These Cars Cost Less to Insure
The common thread among all these models is their predictability. They are reliable, inexpensive to repair, and attract drivers who are generally seen as lower risk. They are not high performance machines or luxury imports that carry high repair bills. Instead, they are sensible choices with broad appeal, which translates to lower risk for insurers and smaller monthly bills for owners. For Canadians looking to cut down on the overall cost of driving, picking one of these models is a practical way to save without sacrificing reliability or comfort.
25 Facts About Car Loans That Most Drivers Don’t Realize
Car loans are one of the most common ways people fund car purchases. Like any other kind of loan, car loans can have certain features that can be regarded as an advantage or a disadvantage to the borrower. Understanding all essential facts about car loans and how they work to ensure that you get the best deal for your financial situation is essential. Here are 25 shocking facts about car loans that most drivers don’t realize:
25 Facts About Car Loans That Most Drivers Don’t Realize
