The cost of insuring an SUV (or any vehicle) in Canada can be influenced by various factors. When it comes to SUVs in particular, here are some key factors that can make insurance more affordable:

1. Vehicle Safety Ratings: SUVs with high safety ratings from organizations such as the Insurance Institute for Highway Safety (IIHS) or National Highway Traffic Safety Administration (NHTSA) can often be cheaper to insure. Insurance companies consider the likelihood of injury in the event of a crash.
2. Theft Rates: Vehicles that are less likely to be stolen or have anti-theft devices often have lower insurance premiums. Some SUV models might be less of a target for thieves.
3. Repair Costs: SUVs that are cheaper to repair or have parts that are readily available can be less expensive to insure. This is because potential claim costs for insurers can be lower.
4. Vehicle Value: Less expensive SUVs will typically cost less to insure than luxury SUVs because the potential replacement cost is lower.
5. Engine Size: Vehicles with smaller engines tend to be less expensive to insure than those with larger, more powerful engines. This is because more powerful vehicles may be considered at a higher risk for accidents.
6. Usage: If you use your SUV for commuting long distances daily, your premium might be higher than if you use it only occasionally.
7. Driver’s Record: This is more about the driver than the SUV, but it’s worth mentioning. Drivers with clean driving records without any history of accidents or traffic violations often get better rates.
8. Driver’s Age and Experience: Again, this is about the driver. Younger drivers or those with less experience might see higher rates. However, completing a driver’s education course can help reduce premiums.
9. Deductible Amount: Choosing a higher deductible can lower your premium. However, in the event of a claim, you’ll have to pay more out-of-pocket.
10. Location: If you live in an area with a higher crime rate or a higher likelihood of accidents, your premiums might be higher. This can vary even within provinces or cities in Canada.
11. Additional Safety Features: Features such as anti-lock brakes, airbags, and electronic stability control can lead to discounts on insurance.
12. Multi-policy Discounts: If you bundle your auto insurance with other policies like home or life insurance, many companies offer discounts.

Cheapest SUVs to insure in Ontario, Alberta, and Quebec

1. Honda CR-V

• Reason Why Cheap to Insure: Reliable brand, safety features, not overly luxurious, good crash-test ratings.
• Average Insurance Rate Range: $1,200 to $2,400 annually.
• MSRP: Starting from around $29,000.

2. Subaru Forester

• Reason Why Cheap to Insure: Safety features, including Subaru’s Eyesight tech, good crash-test ratings.
• Average Insurance Rate Range: $1,100 to $2,300 annually.
• MSRP: Starting from around $28,000.

3. Toyota RAV4

• Reason Why Cheap to Insure: Reliable brand, non-luxury, strong safety ratings.
• Average Insurance Rate Range: $1,200 to $2,400 annually.
• MSRP: Starting from around $28,000.

4. Ford Escape

• Reason Why Cheap to Insure: Common vehicle, good safety scores.
• Average Insurance Rate Range: $1,300 to $2,500 annually.
• MSRP: Starting from around $26,000.

5. Chevrolet Equinox

• Reason Why Cheap to Insure: Good safety features, non-luxury.
• Average Insurance Rate Range: $1,200 to $2,400 annually.
• MSRP: Starting from around $26,000.

6. Nissan Rogue

• Reason Why Cheap to Insure: Common vehicle, good safety ratings.
• Average Insurance Rate Range: $1,200 to $2,400 annually.
• MSRP: Starting from around $27,000.

7. Mazda CX-5

• Reason Why Cheap to Insure: Good safety scores, non-luxury.
• Average Insurance Rate Range: $1,200 to $2,400 annually.
• MSRP: Starting from around $28,000.

8. Hyundai Tucson

• Reason Why Cheap to Insure: Good safety features, non-luxury, reliable.
• Average Insurance Rate Range: $1,100 to $2,300 annually.
• MSRP: Starting from around $25,000.

9. Kia Sportage

• Reason Why Cheap to Insure: Safety features, good crash-test ratings, non-luxury.
• Average Insurance Rate Range: $1,100 to $2,300 annually.
• MSRP: Starting from around $24,000.

10. Volkswagen Tiguan

• Reason Why Cheap to Insure: Safety tech, non-luxury, common on roads.
• Average Insurance Rate Range: $1,200 to $2,400 annually.
• MSRP: Starting from around $27,000.

11. Jeep Cherokee

• Reason Why Cheap to Insure: Common vehicle, safety features.
• Average Insurance Rate Range: $1,300 to $2,500 annually.
• MSRP: Starting from around $28,000.

12. Mitsubishi Outlander

• Reason Why Cheap to Insure: Safety features, non-luxury.
• Average Insurance Rate Range: $1,100 to $2,300 annually.
• MSRP: Starting from around $26,000.

13. GMC Terrain

• Reason Why Cheap to Insure: Non-luxury, safety features.
• Average Insurance Rate Range: $1,200 to $2,400 annually.
• MSRP: Starting from around $29,000.

14. Ford Edge

• Reason Why Cheap to Insure: Common vehicle, safety features.
• Average Insurance Rate Range: $1,300 to $2,500 annually.
• MSRP: Starting from around $33,000.

Provincial Variances:

• British Columbia, Manitoba, Saskatchewan: These provinces have government-run insurance. Their rates might differ considerably from provinces with private insurance. Typically, the rates in these provinces are more stable but can be higher or lower depending on various factors.
• Ontario & Alberta: Typically, among the higher insurance rates due to high population density, especially in urban areas like Toronto and Calgary.
• Quebec: Generally has lower insurance rates, partly because the province has a mixed system: the government provides injury coverage, and private insurers cover property damage.
• Maritimes (Nova Scotia, New Brunswick, PEI): Rates can vary but are often in the mid-range compared to the rest of Canada.

Get quotes from multiple insurers for the most accurate rate for your situation. Rates can change based on various factors, including your driving history, location, and the specific model and features of the SUV.

Honda CR-V

The Honda CR-V is a compact SUV that has been in production since 1995. It is known for its reliability, fuel efficiency, and practicality. Here are some other key features of the Honda CR-V:

1. Performance: The Honda CR-V offers a smooth and comfortable ride, with a choice of two different engine options, including a turbocharged engine that provides more power and improved acceleration.
2. Interior: The Honda CR-V has a spacious and well-designed interior, with comfortable seats and a user-friendly infotainment system. It also offers a good amount of cargo space, making it a great choice for families and those who need extra storage.
3. Safety: The Honda CR-V has received high safety ratings from organizations such as the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). It also offers a number of advanced safety features, such as adaptive cruise control, lane departure warning, and forward collision warning.
4. Fuel efficiency: The Honda CR-V is known for its good fuel efficiency, with many models achieving over 30 miles per gallon (MPG) in combined city/highway driving.
5. Resale value: The Honda CR-V is known for retaining its value well over time, which can make it a good investment if you plan on selling or trading in your vehicle in the future.

Overall, the Honda CR-V is a great choice for those who are looking for a reliable, practical, and safe SUV.

Toyota RAV4

The Toyota RAV4 is a popular compact SUV that has been in production since 1994. Known for its reliability, versatility, and spacious interior, the RAV4 is one of the best-selling SUVs on the market today. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Toyota RAV4 ranges from approximately CAD 27,000 to CAD 45,000, depending on the trim level and selected options.

The Toyota RAV4 is available in several different trim levels, including the LE, XLE, XLE Premium, Adventure, TRD Off-Road, XSE, and Limited, each offering a unique set of features and capabilities. Standard features on the base LE model include a 7.0-inch touchscreen display, a six-speaker audio system, and a rearview camera. Higher trim levels offer more advanced features such as a larger touchscreen display, premium audio systems, a panoramic sunroof, and advanced safety features like blind spot monitoring and automatic emergency braking.

Additionally, the Toyota RAV4 offers several available options, including a premium audio system, a panoramic sunroof, and advanced safety features like automatic emergency braking and adaptive cruise control. Customers can also choose from a range of powertrains, including a 2.5-liter four-cylinder engine and a hybrid powertrain that pairs a 2.5-liter four-cylinder engine with an electric motor.

Mazda CX-5

The Mazda CX-5 is a compact SUV that has been in production since 2012. It is known for its athletic handling, stylish design, and advanced safety features. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Mazda CX-5 ranges from approximately CAD 26,000 to CAD 39,000, depending on the trim level and selected options.

The Mazda CX-5 is available in several different trim levels, including the GX, GS, GT, and Signature, each offering a unique set of features and capabilities. Standard features on the base GX model include a 7.0-inch touchscreen display, a six-speaker audio system, and a rearview camera. Higher trim levels offer more advanced features such as a larger touchscreen display, premium audio systems, a panoramic sunroof, and advanced safety features like blind spot monitoring and automatic emergency braking.

Additionally, the Mazda CX-5 offers several available options, including a premium audio system, a panoramic sunroof, and advanced safety features like automatic emergency braking and adaptive cruise control. Customers can also choose from a range of powertrains, including a 2.5-liter four-cylinder engine and a turbocharged 2.5-liter four-cylinder engine.

Subaru Forester

The Subaru Forester is a compact SUV that has been in production since 1997. It is known for its standard all-wheel drive, spacious interior, and advanced safety features. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Subaru Forester ranges from approximately CAD 28,000 to CAD 41,000, depending on the trim level and selected options.

The Subaru Forester is available in several different trim levels, including the Base, Premium, Sport, Limited, and Touring, each offering a unique set of features and capabilities. Standard features on the base model include a 6.5-inch touchscreen display, a six-speaker audio system, and a rearview camera. Higher trim levels offer more advanced features such as a larger touchscreen display, premium audio systems, a panoramic sunroof, and advanced safety features like blind spot monitoring and adaptive cruise control.

Additionally, the Subaru Forester offers several available options, including a premium audio system, a panoramic sunroof, and advanced safety features like blind spot monitoring and adaptive cruise control. Customers can also choose from a range of powertrains, including a 2.5-liter four-cylinder engine and a turbocharged 2.0-liter four-cylinder engine.

Nissan Rogue

The Nissan Rogue is a compact SUV that has been in production since 2007. It is known for its spacious interior, advanced safety features, and fuel-efficient powertrains. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Nissan Rogue ranges from approximately CAD 25,000 to CAD 36,000, depending on the trim level and selected options.

The Nissan Rogue is available in several different trim levels, including the S, SV, SL, and Platinum, each offering a unique set of features and capabilities. Standard features on the base S model include a 7.0-inch touchscreen display, a six-speaker audio system, and a rearview camera. Higher trim levels offer more advanced features such as a larger touchscreen display, premium audio systems, a panoramic sunroof, and advanced safety features like blind spot monitoring and automatic emergency braking.

Additionally, the Nissan Rogue offers several available options, including a premium audio system, a panoramic sunroof, and advanced safety features like adaptive cruise control and automatic emergency braking. Customers can also choose from a range of powertrains, including a 2.5-liter four-cylinder engine and a hybrid powertrain.

Kia Sportage

The Kia Sportage is a compact SUV that has been in production since 1993. It is known for its stylish design, spacious interior, and advanced safety features. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Kia Sportage ranges from approximately CAD 24,000 to CAD 36,000, depending on the trim level and selected options.

The Kia Sportage is available in several different trim levels, including the LX, EX, and SX Turbo, each offering a unique set of features and capabilities. Standard features on the base LX model include a 7.0-inch touchscreen display, a six-speaker audio system, and a rearview camera. Higher trim levels offer more advanced features such as a larger touchscreen display, premium audio systems, a panoramic sunroof, and advanced safety features like blind spot monitoring and lane departure warning.

Additionally, the Kia Sportage offers several available options, including a premium audio system, a panoramic sunroof, and advanced safety features like adaptive cruise control and lane departure warning. Customers can also choose from a range of powertrains, including a 2.4-liter four-cylinder engine and a turbocharged 2.0-liter four-cylinder engine.

Hyundai Tucson

The Hyundai Tucson is a compact SUV that has been in production since 2004. It is known for its stylish design, spacious interior, and advanced safety features. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Hyundai Tucson ranges from approximately CAD 25,499 to CAD 39,099, depending on the trim level and selected options.

The Hyundai Tucson is available in several different trim levels, including the Essential, Preferred, Luxury, and Ultimate, each offering a unique set of features and capabilities. Standard features on the base Essential model include a 7-inch touchscreen infotainment system with Apple CarPlay and Android Auto compatibility, a rearview camera, and a six-speaker audio system. Higher trim levels offer more advanced features such as a larger touchscreen display, leather upholstery, a power liftgate, and advanced safety features like lane departure warning and blind spot detection.

Additionally, the Hyundai Tucson offers several available options, including a panoramic sunroof, a hands-free power liftgate, and advanced safety features like adaptive cruise control and automatic emergency braking. Customers can also choose from a range of powertrains, including a 2.0-liter four-cylinder engine, a 1.6-liter turbocharged four-cylinder engine, and a hybrid powertrain.

Overall, the Hyundai Tucson is a great choice for those who are looking for a compact SUV that offers a stylish design, spacious interior, and advanced safety features at an affordable price.

Chevrolet Equinox

The Chevrolet Equinox is a compact SUV that has been in production since 2005. It is known for its spacious and well-designed interior, comfortable ride, and good value for money. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Chevrolet Equinox ranges from approximately CAD 28,000 to CAD 45,000, depending on the trim level and selected options.

The Chevrolet Equinox is available in several different trim levels, including the L, LS, LT, and Premier, each offering a unique set of features and capabilities. Standard features on the base L model include a 7-inch touchscreen infotainment system with Apple CarPlay and Android Auto compatibility, a rearview camera, and a six-speaker audio system. Higher trim levels offer more advanced features such as a larger touchscreen display, leather upholstery, a power liftgate, and advanced safety features like lane departure warning and blind spot detection.

Additionally, the Chevrolet Equinox offers several available options, including a dual-pane panoramic sunroof, a hands-free power liftgate, and advanced safety features like adaptive cruise control and automatic emergency braking. Customers can also choose from a range of powertrains, including a turbocharged 1.5-liter four-cylinder engine and a turbocharged 2.0-liter four-cylinder engine.

Ford Escape

The Ford Escape is a compact SUV that has been in production since 2000. It is known for its stylish design, spacious interior, and advanced safety features. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Ford Escape ranges from approximately CAD 27,000 to CAD 40,000, depending on the trim level and selected options.

The Ford Escape is available in several different trim levels, including the S, SE, SEL, and Titanium, each offering a unique set of features and capabilities. Standard features on the base S model include a 4.2-inch display screen, a six-speaker audio system, and a rearview camera. Higher trim levels offer more advanced features such as a larger touchscreen display, premium audio systems, a panoramic sunroof, and advanced safety features like blind spot monitoring and automatic emergency braking.

Additionally, the Ford Escape offers several available options, including a hands-free power liftgate, a panoramic sunroof, and advanced safety features like adaptive cruise control and automatic emergency braking. Customers can also choose from a range of powertrains, including a 1.5-liter turbocharged three-cylinder engine, a 2.0-liter turbocharged four-cylinder engine, and a hybrid powertrain.

Jeep Cherokee

The Jeep Cherokee is a compact SUV that has been in production since 2014. It is known for its off-road capabilities, spacious interior, and distinctive styling. In Canada, the starting Manufacturer’s Suggested Retail Price (MSRP) for the Jeep Cherokee ranges from approximately CAD 31,000 to CAD 49,000, depending on the trim level and selected options.

The Jeep Cherokee is available in several different trim levels, including the Latitude, Limited, Trailhawk, and Overland, each offering a unique set of features and capabilities. Standard features on the base Latitude model include a 7-inch touchscreen infotainment system with Apple CarPlay and Android Auto compatibility, a rearview camera, and a six-speaker audio system. Higher trim levels offer more advanced features such as a larger touchscreen display, leather upholstery, a power liftgate, and advanced safety features like lane departure warning and blind spot detection.

Additionally, the Jeep Cherokee offers several available options, including a panoramic sunroof, a hands-free power liftgate, and advanced safety features like adaptive cruise control and automatic emergency braking. Customers can also choose from a range of powertrains, including a 2.4-liter four-cylinder engine, a 3.2-liter V6 engine, and a hybrid powertrain.

Overall, the Jeep Cherokee is a great choice for those who are looking for a compact SUV with off-road capabilities and a spacious and well-equipped interior, and a distinctive styling.

What Makes These SUVs Worth Investing In?

Investing in a vehicle, especially an SUV, is a significant decision. When we discuss the value or worthiness of these SUVs, several factors make them attractive to potential buyers. Here are some of the common reasons why the aforementioned SUVs might be considered worth investing in:

1. Reliability: Brands like Honda, Toyota, Subaru, and Mazda, for instance, have reputations for producing long-lasting and reliable vehicles. A reliable car means fewer unexpected repairs and lower long-term maintenance costs.
2. Safety Features and Ratings: Many of these SUVs come equipped with modern safety features like adaptive cruise control, lane departure warnings, and automatic emergency braking. They also often receive high safety ratings from organizations like IIHS and NHTSA.
3. Fuel Efficiency: While SUVs are generally not as fuel-efficient as smaller sedans, many modern SUVs, especially those from brands like Honda, Toyota, and Subaru, offer competitive fuel efficiency, making them cost-effective in the long run.
4. Resale Value: Some SUV brands and models tend to hold their value well. For instance, Toyota and Honda vehicles are known for their strong resale values.
5. Versatility: SUVs are versatile vehicles that can handle a variety of terrains and tasks. Their higher ground clearance is ideal for rough or snowy roads, and they typically offer ample cargo space.
6. Comfort and Space: SUVs offer more space for passengers and luggage. This makes them ideal for families or those who often travel or go on road trips.
7. Technological Features: Modern SUVs are equipped with the latest technology features such as touchscreens, smartphone integration (Apple CarPlay, Android Auto), and advanced driver-assistance systems.
8. Warranty and Service Packages: Some of these SUVs come with comprehensive warranty packages and service deals, ensuring peace of mind for the buyer.
9. Towing Capacity: Many SUVs have respectable towing capacities, allowing them to haul trailers, boats, or other recreational vehicles.
10. Popularity and Commonality: Because many of these SUVs are common on the road, parts are usually readily available, and mechanics are familiar with servicing them. This can lead to reduced maintenance costs and downtime.
11. Financing and Leasing Options: Given the popularity and reputation of these SUVs, many dealerships offer competitive financing and leasing options, making them accessible to a broad range of customers.
12. Evolving Hybrid/Electric Options: Brands like Toyota with the RAV4 Hybrid and Ford with the Escape Hybrid are introducing more fuel-efficient and environmentally-friendly options, appealing to a growing segment of eco-conscious consumers.

Common SUV-related car insurance FAQs and answers:

Here are some common SUV-related car insurance FAQs along with their answers:

1. Why is insurance higher for SUVs compared to sedans?
   • Answer: SUVs are often more expensive than sedans, leading to higher repair or replacement costs. Additionally, some data suggests that SUVs can cause more damage in accidents, leading to higher liability claims. However, many modern SUVs come with advanced safety features which can offset some of these costs.
2. Do safety features on SUVs reduce insurance premiums?
   • Answer: Yes, many insurance companies offer discounts for vehicles equipped with advanced safety features like anti-lock brakes, airbags, lane departure warnings, and automatic emergency braking. These features can help prevent accidents or reduce the severity of injuries when they occur.
3. Does the size of the SUV affect insurance rates?
   • Answer: Generally, yes. Larger SUVs might be associated with higher repair costs and could potentially cause more damage in an accident. However, this can be offset by the vehicle’s safety ratings and features.
4. How does the age of the SUV impact insurance costs?
   • Answer: Newer SUVs typically cost more to insure because they have a higher replacement cost. However, as the vehicle ages, its value decreases, potentially leading to a reduction in comprehensive and collision coverage costs.
5. Are hybrid or electric SUVs more expensive to insure?
   • Answer: It can vary. While hybrid or electric vehicles might have higher initial values (leading to higher coverage costs), they may also be equipped with advanced safety features that can lead to discounts. Furthermore, some insurance providers offer special discounts for eco-friendly vehicles.
6. Does the color of my SUV affect insurance rates?
   • Answer: No, the color of your SUV does not directly impact your insurance rates. This is a common myth. However, the make, model, age, and safety features of the vehicle do play a role.
7. Will installing aftermarket parts or modifications on my SUV change my insurance premium?
   • Answer: Possibly. If you modify your SUV in ways that change its performance, safety, or value, it could affect your insurance rates. It’s essential to notify your insurance company of any significant modifications.
8. Is it cheaper to insure a used SUV compared to a new one?
   • Answer: Generally, yes. Used SUVs typically have a lower market value than new ones, leading to potentially lower comprehensive and collision coverage costs. However, insurance costs also consider other factors like safety ratings, the likelihood of theft, and more.
9. Does the SUV’s performance and engine size impact insurance rates?
   • Answer: Yes, vehicles with larger, more powerful engines are often viewed as higher risks by insurance companies, potentially leading to higher premiums. Performance can be linked to a higher likelihood of speeding or risky driving behavior.
10. How can I reduce the insurance costs for my SUV?

• Answer: Consider bundling insurance policies (like home and auto), maintaining a clean driving record, raising your deductible, looking for discounts (safe driver, good student, multi-car), and regularly shopping around to ensure you’re getting the best rates.