Here are some examples of small cars with cheap insurance in Canada, along with estimated annual and monthly insurance costs for different provinces and cities:
- Honda Civic:
- Ontario: Annual insurance cost of $1,600, monthly cost of $133.33 (Toronto)
- Alberta: Annual insurance cost of $1,200, monthly cost of $100.00 (Calgary)
- Quebec: Annual insurance cost of $800, monthly cost of $66.67 (Montreal)
- Nova Scotia: Annual insurance cost of $1,000, monthly cost of $83.33 (Halifax)
- Toyota Corolla:
- Ontario: Annual insurance cost of $1,550, monthly cost of $129.17 (Ottawa)
- Alberta: Annual insurance cost of $1,100, monthly cost of $91.67 (Edmonton)
- Quebec: Annual insurance cost of $750, monthly cost of $62.50 (Quebec City)
- Nova Scotia: Annual insurance cost of $900, monthly cost of $75.00 (Dartmouth)
- Hyundai Elantra:
- Ontario: Annual insurance cost of $1,500, monthly cost of $125.00 (Mississauga)
- Alberta: Annual insurance cost of $1,050, monthly cost of $87.50 (Red Deer)
- Quebec: Annual insurance cost of $700, monthly cost of $58.33 (Laval)
- Nova Scotia: Annual insurance cost of $850, monthly cost of $70.83 (Sydney)
- Mazda3:
- Ontario: Annual insurance cost of $1,650, monthly cost of $137.50 (Hamilton)
- Alberta: Annual insurance cost of $1,150, monthly cost of $95.83 (Lethbridge)
- Quebec: Annual insurance cost of $800, monthly cost of $66.67 (Gatineau)
- Nova Scotia: Annual insurance cost of $950, monthly cost of $79.17 (Halifax)
- Kia Forte:
- Ontario: Annual insurance cost of $1,700, monthly cost of $141.67 (London)
- Alberta: Annual insurance cost of $1,200, monthly cost of $100.00 (Calgary)
- Quebec: Annual insurance cost of $850, monthly cost of $70.83 (Sherbrooke)
- Nova Scotia: Annual insurance cost of $1,000, monthly cost of $83.33 (Halifax)
Please note that these are estimated costs based on a sample driver profile and are subject to change based on a variety of individual factors. It’s recommended to contact multiple insurance providers and compare quotes to find the best rates for your specific situation.
FAQs
Q: What are some factors that can impact car insurance rates for small cars?
A: There are several factors that can impact car insurance rates for small cars, including the car’s safety ratings, repair costs, theft rates, and overall value. In addition, the driver’s age, driving record, location, and coverage amounts can also influence car insurance rates. It’s important to shop around and compare quotes from multiple insurance providers to find the best rates for your specific situation.
Q: Are small cars always cheaper to insure than larger vehicles?
A: Not necessarily. While smaller cars often have lower insurance rates than larger vehicles, there are many other factors that can impact insurance costs, such as the car’s safety ratings, repair costs, and theft rates. In addition, drivers who are considered high-risk may face higher insurance rates regardless of the type of vehicle they drive.
Q: Do small cars have higher or lower rates of accidents and claims?
A: Small cars may be more vulnerable to certain types of accidents, such as collisions with larger vehicles or rollovers, due to their size and weight. However, small cars may also have advanced safety features that can help prevent accidents and reduce the severity of injuries in the event of a crash. The number and severity of insurance claims for small cars can vary based on a wide range of factors, including the specific make and model of the car, as well as the driver’s behavior and location.
Q: Can I get discounts on car insurance for driving a small car?
A: Some insurance providers may offer discounts for drivers who choose smaller, more fuel-efficient cars. In addition, drivers who take steps to improve their driving habits, such as by avoiding traffic violations or completing a defensive driving course, may also be eligible for lower insurance rates. It’s recommended to check with your insurance provider to see if any discounts or savings are available for your specific situation.
Q: Can I insure a small car for liability only?
A: It depends on the laws in your province or territory, as well as your individual needs and preferences. In most cases, drivers in Canada are required to have a minimum level of liability insurance coverage in order to legally operate a vehicle on public roads. Liability insurance can help cover the costs of damage or injuries that you may cause to other drivers or pedestrians in the event of an accident. However, it may not provide coverage for damage to your own vehicle or injuries to yourself or your passengers. Depending on your financial situation and the value of your car, you may choose to add additional coverage to your insurance policy, such as collision, comprehensive, or personal injury protection.
Q: Are there any small cars that are particularly expensive to insure?
A: While small cars tend to have lower insurance rates than larger vehicles, there are certain makes and models that may be more expensive to insure due to factors like high repair costs, low safety ratings, or high theft rates. It’s important to research the specific make and model of any car you are considering purchasing and to get insurance quotes before making a decision.
Q: Do I need to inform my insurance provider if I modify or upgrade my small car?
A: Yes, it’s important to inform your insurance provider if you make any modifications or upgrades to your car, as these changes can affect your insurance rates and coverage. Some modifications, such as installing a security system or adding safety features, may actually lower your insurance rates, while others, such as modifying the engine or adding racing stripes, may increase your rates. It’s recommended to check with your insurance provider before making any modifications to your car to ensure that you have the appropriate coverage.
Q: Can I get car insurance for a small car if I have a Class 7 license?
A: Yes, in Canada, drivers with a Class 7 license can typically purchase car insurance coverage for their vehicles. However, it’s important to keep in mind that insurance rates for Class 7 drivers may be higher than rates for more experienced drivers, as these drivers are still developing their skills and have less experience on the road. It’s recommended to shop around and compare quotes from multiple insurance providers to find the best rates for your specific situation.
Q: Are there any small cars that are better for new drivers?
A: In general, small cars with good safety ratings, reliable performance, and advanced safety features can be good options for new drivers. It’s important to look for a car that is easy to maneuver and provides good visibility, as these factors can help new drivers feel more confident on the road. Additionally, smaller cars may be easier to park and maneuver in tight spaces, which can be helpful for drivers who are still developing their driving skills.
Q: Can I get car insurance for a small car if I have a low credit score?
A: In Canada, insurance providers may take a driver’s credit score into account when determining insurance rates. Drivers with lower credit scores may be considered higher risk and may face higher insurance rates as a result. However, not all insurance providers use credit scores to determine rates, so it’s recommended to shop around and compare quotes from multiple providers to find the best rates for your specific situation. Additionally, some providers may offer discounts or savings for drivers who take steps to improve their credit scores over time.
Q: Can I save money on car insurance by driving a small car?
A: In general, small cars tend to have lower insurance rates than larger vehicles, as they are often less expensive to repair and are at a lower risk for accidents and theft. However, insurance rates can vary widely based on a variety of factors beyond just the size of the car, including the driver’s age, driving history, location, and coverage amounts. It’s recommended to shop around and compare quotes from multiple insurance providers to find the best rates for your specific situation.
Q: Can I get car insurance for a small car if I am a high-risk driver?
A: In Canada, drivers who are considered high-risk may face higher insurance rates or may have difficulty finding coverage. Factors that can impact a driver’s risk profile include things like past accidents or claims, traffic violations, and other driving-related issues. If you are a high-risk driver, it’s important to shop around and compare quotes from multiple insurance providers to find coverage that meets your needs and fits within your budget. Some providers may specialize in providing coverage for high-risk drivers and may offer discounts or savings for drivers who take steps to improve their driving habits over time.
Q: Are small cars more fuel-efficient than larger vehicles?
A: In general, small cars tend to be more fuel-efficient than larger vehicles, as they are often lighter and have smaller engines. This can result in lower fuel costs over time and can be a significant factor to consider when purchasing a car. However, fuel efficiency can vary widely based on the specific make and model of the car, as well as factors like driving habits, road conditions, and weather. It’s recommended to research the fuel efficiency of any car you are considering purchasing before making a decision.
Q: Can I insure a small car for business use?
A: Yes, drivers who use a small car for business purposes may be able to purchase insurance coverage for their vehicle. However, it’s important to note that business use may affect insurance rates and coverage, as commercial driving may carry higher risks and require additional types of coverage. It’s recommended to check with your insurance provider to see what types of coverage are available for your specific business needs.
Q: Can I get car insurance for a small car if I am a young driver?
A: Yes, young drivers who are just starting out on the road can typically purchase car insurance coverage for their small cars. However, insurance rates for young drivers may be higher than rates for more experienced drivers, as these drivers are still developing their skills and may be considered higher risk. It’s recommended to shop around and compare quotes from multiple insurance providers to find the best rates for your specific situation. Additionally, young drivers may be eligible for discounts or savings if they take steps to improve their driving habits or complete a driver education course.
About the Author: Valerie D. Hahn
