Is It Expensive to Insure a Best-Selling Car?
Insurance rates for a best-selling car can vary depending on your choice of a top-ranked vehicle. Rates for a best-selling car in Canada also depend on you – the driver.
The make, model, year, deductible, value, and potential cost to repair your best-selling car impact the cost of your car insurance, too. Where you live, your age, your driving record, and any past claims are also taken into account. So, there isn’t a yes or no answer about whether it can be more expensive to insure a best-selling car.
The best-selling cars in Canada for 2023
1. Toyota Rav4
2. Toyota Corolla
3. Honda CR-V
4. Honda Civic
5. Hyundai Kona
6. Hyundai Elantra
7. Mazda CX-5
8. Ford Escape
9. Hyundai Tucson
10. Nissan Rogue
Top 10 used cars in Canada for 2023
- Honda Accord (family car)
- Toyota Carolla (small sedan)
- Ford Escape (hybrid)
- Kia Soul (small SUV)
- Chevrolet Tahoe/GMC Yukon (large SUV)
- Mazda MX-5 (sports car)
- Dodge Grand Caravan (minivan)
- Ford F-150 (pickup truck)
- Lexus ES (small luxury car)
- Genesis G90 (large luxury car)
Did you know that switching your car insurance is easy and helps you save? When you switch your car insurance to Western Financial Group you can save up to 30%
What was the top selling SUV?
The Toyota RAV4 was Canada's best-selling SUV/crossover for an eighth consecutive year in 2023.
Is car insurance going up again in 2024?
Auto theft is affecting Canadians across the country and this is impacting car insurance premiums, unfortunately. Vehicle thefts have risen in Ontario, Quebec, Atlantic Canada, and Alberta.
Drivers can expect to pay increased car insurance rates not only due to car theft but due to auto insurance fraud, high claims costs, inflation, and supply-chain issues.
Did you know? Older vehicles usually cost less to insure than new vehicles basically because they aren't worth as much.
It’s a myth: No, the colour of your car does not affect your car insurance rate.
How to save money on your car insurance
If you switch your car insurance to Western Financial Group, you can save up to 30% on your car insurance. What’s stopping you?
Western Financial Group is an award-winning brokerage. Our car insurance experts will get you protected and in the driver’s seat to help you save.
We work with Canada’s leading insurance partners to get you the right car insurance coverage at the right value.
Bundle your car and home insurance
When you bundle your car and home insurance, you can get a discount and it’s an easy way to cut costs without cutting coverage. You’ll also get one bill instead of two.
If you have more than one car and they’re insured under the same policy, you can save with a multi-vehicle discount.
If you’re a renter, you can bundle your renter's insurance with car insurance to get a discount.
Ask us about other discounts
- Are you claims free?
- A soft credit check can give you the best price for your car insurance.
- Does your car have vehicle safety features?
- If you don’t drive much, you could save money on your car insurance.
Did you know? A higher deductible can lower your car insurance premium.
