The Cars with the Cheapest Insurance in 2020
When shopping for a car, it is important to factor in your vehicle’s insurance to find out the total cost to own the car. Insurance rates are calculated differently by each insurance company and are based on a variety of factors such as driving record, postal code, car model, and coverages.
The safety rating of the vehicle plays a very important role in its insurance costs. Additionally, a car’s target audience, price, and parts costs will also impact its cost to insure.
Each year, Insure.com averages a list of vehicles that cost the least to insure. This year, the study was based on over 3,000 models using data provided by six large insurance companies. Most of the vehicles that make top of the list year in and year out are SUVs and crossover SUVs that are ideal for family use and packed with several safety and security features.
Interested to know which cars made the top 10 this year? Here’s the list of the vehicles that cost the least to insure in 2020.
The Top 10 Cheapest Cars to Insure
- Mazda CX-3 Sport
Landing on the top spot this year is the compact crossover Mazda CX-3 which was placed at fourth just last year.
- Honda CR-V LX
Coming in second, up four spots from last year, is the Honda CR-V LX.
- Jeep Wrangler Sport-S
Down to third from second place last year is this 4×4 SUV, which is Jeep’s most technologically advanced Wrangler to date.
- Subaru Outback 2.5i
The all-wheel drive Outback SUV has a myriad of safety technologies.
- Fiat 500X Pop
The Fiat 500X Pop is a subcompact crossover SUV.
- Honda Odyssey LX
The sixth cheapest car to insure this year is the Honda Odyssey LX minivan which was placed at the top spot of cheapest cars to insure in 2016, 2017, and 2019.
- Subaru Forester 2.5i
The Forester is an efficient and powerful compact SUV.
- Mazda CX-5
Another Mazda made the top 10 this year. The CX-5 is exceptionally fuel efficient and intuitively predictive and responsive.
8. Jeep Renegade Sport
At a tie with the Mazda CX-5 is the Jeep Renegade Sport.
- Honda HR-V LX
The Honda HR-V LX highlights its outstanding performance, efficiency, and safety technology.
- Honda Fit LX Sensing
The Honda Fit LX comes in last but do not underestimate this stylish yet functional, fuel efficient subcompact car.
Your Dream Car isn’t on the list? No worries – Shop around for the best rates from the biggest insurance providers in Canada with the help of our licensed experts at PrimeService.