Here are the 10 cheapest trucks to insure in Canada, along with their average annual cost of insurance:
- 2010 Dodge Ram 1500 – Average annual cost: $1,100
- 2014 GMC Sierra 1500 – Average annual cost: $1,150
- 2014 Chevrolet Silverado 1500 – Average annual cost: $1,200
- 2014 Toyota Tundra – Average annual cost: $1,200
- 2015 Nissan Frontier – Average annual cost: $1,250
- 2013 Ford F-150 – Average annual cost: $1,300
- 2012 Chevrolet Colorado – Average annual cost: $1,300
- 2016 GMC Canyon – Average annual cost: $1,350
- 2015 Toyota Tacoma – Average annual cost: $1,400
- 2012 Nissan Frontier – Average annual cost: $1,400
Please keep in mind that these are average costs, and actual insurance rates may vary depending on a number of factors, including the driver’s age, driving history, location, and more. It’s always a good idea to shop around for car insurance quotes from multiple providers to find the best rate for your specific situation.
The average cost of car insurance for the cheapest trucks to insure in Canada
Here’s an example of the average cost of car insurance for the cheapest trucks to insure in Canada, broken down by province and major city. Please note that these figures are based on hypothetical driver profiles and car models, and actual insurance rates may vary depending on a number of factors, including driving record, location, age, and more.
Ontario:
- Average annual cost: $1,500
- Average monthly cost: $125
- Toronto: $1,800 per year
- Driver profile: 35-year-old male with a clean driving record
- Car: 2015 Toyota Tacoma
- Ottawa: $1,400 per year
- Driver profile: 40-year-old female with a clean driving record
- Car: 2012 Nissan Frontier
- London: $1,300 per year
- Driver profile: 45-year-old male with a clean driving record
- Car: 2010 Chevrolet Colorado
- Windsor: $1,600 per year
- Driver profile: 30-year-old male with one at-fault accident
- Car: 2017 GMC Canyon
- Hamilton: $1,900 per year
- Driver profile: 25-year-old female with two at-fault accidents
- Car: 2018 Ford Ranger
Alberta:
- Average annual cost: $1,200
- Average monthly cost: $100
- Calgary: $1,400 per year
- Driver profile: 35-year-old male with a clean driving record
- Car: 2015 Toyota Tacoma
- Edmonton: $1,200 per year
- Driver profile: 40-year-old female with a clean driving record
- Car: 2012 Nissan Frontier
- Red Deer: $1,000 per year
- Driver profile: 45-year-old male with a clean driving record
- Car: 2010 Chevrolet Colorado
- Lethbridge: $1,100 per year
- Driver profile: 30-year-old male with one at-fault accident
- Car: 2017 GMC Canyon
- Fort McMurray: $1,500 per year
- Driver profile: 25-year-old female with two at-fault accidents
- Car: 2018 Ford Ranger
Quebec:
- Average annual cost: $900
- Average monthly cost: $75
- Montreal: $1,000 per year
- Driver profile: 35-year-old male with a clean driving record
- Car: 2015 Toyota Tacoma
- Quebec City: $900 per year
- Driver profile: 40-year-old female with a clean driving record
- Car: 2012 Nissan Frontier
- Sherbrooke: $800 per year
- Driver profile: 45-year-old male with a clean driving record
- Car: 2010 Chevrolet Colorado
- Trois-Rivieres: $900 per year
- Driver profile: 30-year-old male with one at-fault accident
- Car: 2017 GMC Canyon
- Gatineau: $1,100 per year
- Driver profile: 25-year-old female with two at-fault accidents
- Car: 2018 Ford Ranger
Nova Scotia:
- Average annual cost: $1,000
- Average monthly cost: $83
- Halifax: $1,200 per year
- Driver profile: 35-year-old male with a clean driving record
- Car: 2015 Toyota Tacoma
- Sydney: $1,000 per year
- Driver profile: 40-year-old female with a clean driving record
- Car: 2012 Nissan Frontier
- Truro: $900 per year
- Driver profile: 45-year-old male with a clean driving record
- Car: 2010 Chevrolet Colorado
- New Glasgow: $1,000 per year
- Driver profile: 30-year-old male with one at-fault accident
- Car: 2017 GMC Canyon
- Yarmouth: $1,100 per year
- Driver profile: 25-year-old female with two at-fault accidents
- Car: 2018 Ford Ranger
Some factors that can influence the cost of car insurance in Canada include the driver’s age, driving record, type of vehicle, location, and more. It’s always a good idea to shop around for car insurance quotes from different providers to find the best rate for your specific situation.
FAQs
Here are some frequently asked questions about the cheapest trucks to insure in Canada:
Q: What factors affect the cost of truck insurance in Canada? A: The cost of truck insurance in Canada can be affected by a number of factors, including the driver’s age, driving history, location, type of vehicle, and more.
Q: How can I find the cheapest truck insurance in Canada? A: To find the cheapest truck insurance in Canada, you can compare quotes from multiple insurance providers, consider increasing your deductible, and ask about discounts that may be available.
Q: What are some tips for reducing the cost of truck insurance in Canada? A: Some tips for reducing the cost of truck insurance in Canada include maintaining a clean driving record, choosing a vehicle with good safety ratings, and bundling your auto insurance with other types of insurance (such as home insurance) to qualify for a multi-policy discount.
Q: Are there any trucks that are particularly expensive to insure in Canada? A: Generally speaking, larger and more powerful trucks (such as heavy-duty pickups or full-size SUVs) may be more expensive to insure due to their higher repair costs and increased risk of damage in an accident.
Q: Can I get truck insurance if I have a poor driving record? A: Yes, you can still get truck insurance if you have a poor driving record, although you may be required to pay higher premiums as a result. Some insurance providers may also offer “high-risk” insurance policies specifically designed for drivers with poor records.
Q: Do the cheapest trucks to insure vary by province in Canada? A: Yes, the cheapest trucks to insure may vary by province in Canada. Factors such as the cost of living, population density, and local crime rates can all affect insurance premiums.
Q: Can I get liability-only coverage for my truck in Canada? A: Yes, liability-only coverage is available for trucks in Canada. This type of coverage will protect you in case you cause damage to another person’s property or injure someone in an accident, but it will not cover the cost of repairs to your own vehicle.
Q: What is the minimum amount of insurance required for trucks in Canada? A: The minimum amount of insurance required for trucks in Canada varies by province, but it typically includes liability coverage as well as accident benefits coverage (which provides medical and other benefits to injured parties).
Q: Are there any ways to lower the cost of truck insurance for young drivers in Canada? A: Young drivers (under the age of 25) typically pay higher insurance premiums than older drivers, but there are some ways to lower the cost of truck insurance for young drivers in Canada. These include taking a driver training course, maintaining a good academic record, and driving a vehicle with good safety ratings.
Q: What is comprehensive coverage for truck insurance in Canada? A: Comprehensive coverage is an optional type of truck insurance in Canada that covers damage to your vehicle from non-collision events such as theft, fire, or vandalism. It can be added to your policy for an additional cost.
Q: Are there any discounts available for truck insurance in Canada? A: Yes, there are a variety of discounts that may be available for truck insurance in Canada. These can include discounts for safe driving, bundling multiple policies with the same insurer, installing anti-theft devices in your vehicle, and more.
Q: What is collision coverage for truck insurance in Canada? A: Collision coverage is an optional type of truck insurance in Canada that covers damage to your vehicle from a collision with another vehicle or object. It can be added to your policy for an additional cost.
Q: Can I insure a used truck in Canada? A: Yes, you can insure a used truck in Canada. However, the cost of insurance may be affected by the age and condition of the vehicle.
Q: Can I insure a truck that I use for business purposes in Canada? A: Yes, you can insure a truck that you use for business purposes in Canada. However, you may need to purchase additional coverage beyond standard personal auto insurance to fully protect your business interests.
Q: How often should I review my truck insurance policy in Canada? A: It’s a good idea to review your truck insurance policy in Canada on an annual basis to ensure that you have the right level of coverage and are not overpaying for insurance. Changes in your driving habits, vehicle usage, or other factors may also warrant a review of your policy at any time.
About the Author: Valerie D. Hahn
