Informizely customer feedback surveys

Shop Insurance Canada News

Canada’s most purchased cars revealed, and how much it cost to insure them

By: , Published on , Last Update on December 31, 2017 01:08 PM


Getting the best price on auto insurance is important, considering many Canadians are paying a lot of money for coverage. Shopping around is the best way to ensure the best deal, while purchasing the right vehicle is also important.

Over a two-year period, Shop Insurance Canada studied data from quotes made through its online quote engine. The company allows customers to check auto insurance quotes from over 30 of Canada’s leading insurance carriers, offering consumers tools to see the best deals within a minute.

For its study, the company looked at 30,000 quotes over 2016 and 2017, with the majority of the quotes coming from the Greater Toronto Area. The company shows that Japanese automaker Honda is the best-selling amongst Canadians looking for a new car. Specifically, the Honda Civic is the best-selling vehicle, while the Honda CR-V came in second.

The theme of Shop Insurance Canada’s study is that consumers prefer Japanese over European or American cars. Low cost of vehicle purchase is likely the core reason why cars from Japan are popular. Seven of the top 10 vehicles are from Japanese manufacturers, while three are from South Korean company Hyundai.

Results of the two-year study show the following cars are most popular in Canada:

make

model

HONDA

CIVIC

HONDA

CR-V

MAZDA

MAZDA3

TOYOTA

RAV4

HYUNDAI

ELANTRA

TOYOTA

COROLLA

HYUNDAI

SANTA

HONDA

ACCORD

HYUNDAI

TUCSON

SUBARU

IMPREZA

 

Customers coming to Shop Insurance Canada are looking for the most affordable auto insurance possible. As part of its study, the company looked at the cost of insuring the vehicles in the Top 10 list, taking into account the lowest quoted premium and the highest quoted premium.

Vehicle

Low Premium

High Premium

Honda Civic 2016

$850

$2100

Honda Civic 2017

$600

$3100

Honda CR-V 2016

$670

$1240

Honda CR-V 2017

$540

$1350

Mazda 3 2016

$1040

$6600

Mazda 3 2017

$1360

$5150

Toyota RAV4 2016

$1150

$2300

Toyota RAV4 2017

$970

$2950

Hyundai Elantra 2016

$1070

$2760

Hyundai Elantra 2017

$1180

$5470

Toyota Corolla 2016

$970

$1280

Toyota Corolla 2017

$1240

$4270

Hyundai Santa Fe 2016

$1000

$1680

Hyundai Santa Fe 2017

$720

$1730

Honda Accord 2016

$680

$6080

Honda Accord 2017

$680

$2730

Hyundai Tucson 2016

$1350

$1400

Hyundai Tucson 2017

$910

$1070

Subaru Impreza 2016

$1080

$4826

Subaru Impreza 2017

$1110

$3120

 

Over the 30,000 quotes studied, Shop Insurance Canada found most were from the Greater Toronto Area in Ontario. Interestingly, some of the quoted premiums are significantly above even the Ontario auto insurance average. The province is the most expensive car insurance market in Canada with an average premium of $1400.

Category: News    Tags: News, canada, car, insurance, news

shopinsurancecanada.ca


SUBSCRIBE TO OUR NEWSLETTER

Get the latest updates on Ontario insurance rates, multi-line bundle discounts & recent insurance news.

 
Please wait 10 seconds before you submit!

We take your privacy very seriosuly, and hate spam as much as you!

Welcome to Canada’s authoritative source for insurance news, information and rates.

Copyright 2017 ShopInsuranceCanada ShopInsuranceCanada | 1003-60 Bathurst St. Toronto, ON M5V 2P4 Canada | 416-913-0151 | Privacy Policy | Terms & Conditions