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What Are the Cheapest Cars to Insure in Canada?
When it comes to buying the right car for your needs, you can be sure that you'll not only have to think about the cost and features of the car that you purchase when you purchase it - but you'll also need to take these factors into consideration for years to come. Insuring a car can be expensive - even if you have a safe car that will last for years to come.
Not all cars cost the same, though. In fact, every car has a different ranking system for insurance companies. Also, all drivers have different insurance classifications. For example, a brand new 17 year-old driver will cost more to insure than a 50 year-old driver with a clean record.
The Insurance Bureau of Canada has a classification system for cars to help buyers figure out how much they are going to cost to insure. Their publication "How Cars Measure Up" may help you to understand more about how insurance companies rate their cars. The most recent edition of the publication features more than 1,500 models with years 1995-2007 (the publication is also more than 100 pages long, making it extremely comprehensive).
The Insurance Bureau of Canada and the Canadian insurance industry as a whole rank cars based on the number of collisions and comprehensive claims as well as the cost of collisions and comprehensive claims. This data is collected for cars, vans, SUVs and pickup trucks. In addition to information about collisions, data is also collected based on thefts in terms of how often certain models are stolen and what the price is to replace the vehicles.
In a nutshell, here is an overview of the cheapest cars to insure, historically:
1. Hyundai Tucson 4DR 4WD
2. Saturn Vue 4DR 2WD
3. KIA Magentis 4DR
4. Chevrolet Impala 4DR
5. Pontiac Montana SV6 EXT
6. Jeep Compass 4DR 2WD
7. KIA Rondo 5DR
8. KIA Sportage 4DR 2WD
9. Ford Focus ZXW Wagon
10. Hyundai Santa Fe 4DR AWD
Remember: every year, the cars on this list will change in accordance with the safety classification and ratings on the cars. Therefore, the cheapest cars to insure always change.
Contact us today for more information about which cars may be the cheapest to insure and about how you can make the most from your car purchases. Remember: not all cars are the same, but we'll help you figure out which one is right for you.
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