Different cars come with different premiums, so when it comes to buying a car in Ontario, finding the cheapest cars to insure can become rather tedious. Luckily, there are plenty of excellent cars available with very reasonable average insurance quotes, that’s why we’ve put together the following list of the 10 cheapest cars to insure in Ontario in 2026.
Top 10 Cheapest Vehicles to Insure in Ontario in 2026
| Car Model | Car Type | Average Annual Insurance Premium | Average Monthly Insurance Premium |
|---|---|---|---|
| Ford Transit | Van | $1,248 | $104 |
| MINI Cooper Convertible | Convertible | $1,328 | $111 |
| Subaru Forester | SUV | $1,424 | $119 |
| Lexus GX460/GX550 | SUV | $1,438 | $120 |
| Infiniti QX80 | SUV | $1,452 | $121 |
| Mitsubishi Eclipse Cross | SUV | $1,500 | $125 |
| FIAT 500 | Small Car | $1,533 | $128 |
| Volkswagen Tiguan | SUV | $1,537 | $128 |
| Ford Ranger | Truck | $1,565 | $130 |
| Mazda CX-3 | SUV | $1,602 | $133 |
The insurance premiums in the table above and the infographic below are based on the thousands of quotes we collected through our platform in 2025.
Our Methodology for Choosing the Cheapest Vehicles to Insure in Ontario
We wanted to know which vehicles are truly the cheapest to insure in Ontario for 2026, so we went straight to the source and looked at the real insurance quotes from Ontario drivers. This helps paint an accurate picture of what people are actually paying for coverage today.
Here’s how we did it:
- We analyzed over 60,000 Ontario auto insurance quotes collected through MyChoice.ca in 2025 – our online comparison platform.
- Each quote was grouped by vehicle make, model, and year to calculate the average annual and monthly premiums for each car.
- To ensure a fair and consistent comparison, we focused on a standard driver profile across all vehicles: a 35-year-old married driver (male or female), fully licensed, with a clean driving record.
- Finally, we ranked each model from lowest to highest average insurance premium to identify which vehicles consistently offer the best value for Ontario drivers.
This approach gives a realistic view of what you can expect to pay, helping you choose a vehicle that’s not only smooth to drive but also affordable to insure.
1. Ford Transit
The Ford Transit takes the crown as the cheapest vehicle to insure in Ontario for 2026. This dependable van is a favourite for business owners, families, and anyone who needs extra space. Its strong safety record, low theft rate, and durable build make it affordable to insure.
Estimated Annual Fuel Cost: $3,675/year
Estimated Average Annual Insurance: $1,248/year
Whether you’re running a small delivery service or packing for a cottage weekend, the Transit offers value and peace of mind.
2. MINI Cooper Convertible
The MINI Cooper Convertible is stylish and surprisingly affordable to insure. Despite being a convertible, its small size, strong safety systems, and excellent visibility keep premiums low.
Estimated Annual Fuel Cost: $2,050/year
Estimated Average Annual Insurance: $1,328/year
Perfect for city cruising or Sunday drives along Lake Ontario, the MINI brings personality and practicality together.
3. Subaru Forester
Known for its all-wheel drive and top safety ratings, the Subaru Forester continues to be one of Canada’s most reliable SUVs. This compact crossover is renowned for its standard all-wheel drive, exceptional visibility, and high safety ratings, which all translate to lower insurance costs.
Estimated Annual Fuel Cost: $2,050/year
Estimated Average Annual Insurance: $1,424/year
The Forester is often praised for its durability, making it a favourite among families, commuters, and outdoor enthusiasts alike.
4. Lexus GX460/GX550
Luxury and affordability rarely go hand in hand when it comes to insurance, but the Lexus GX460 and the newer GX550 are notable exceptions. These rugged, body-on-frame SUVs combine premium comfort with Toyota’s world-class reliability, which is a major reason their insurance costs stay surprisingly low
Estimated Annual Fuel Cost: $3,875/year
Estimated Average Annual Insurance:$1,437/year
Their high safety ratings, coupled with Lexus’s low claim frequency, help reduce risk for insurers.
5. Infiniti QX80
This full-size, three-row SUV is surprisingly affordable to insure thanks to its strong safety performance, reliable V8 engine, and advanced driver-assistance features like automatic emergency braking and blind-spot warning.
Estimated Annual Fuel Cost: $3,875/year
Estimated Average Annual Insurance: $1,452/year
While its size and luxury badge might suggest a higher premium, insurers often associate the QX80 with low claim rates. That means you can enjoy a premium driving experience without paying a premium price for coverage.
6. Mitsubishi Eclipse Cross
The Mitsubishi Eclipse Cross has steadily gained popularity among Ontario drivers for its mix of modern style, fuel efficiency, and reliability. It features advanced safety technologies, including forward-collision mitigation and lane-departure warning. These reduce accident rates and keep insurance premiums low.
Estimated Annual Fuel Cost: $2,325/year
Estimated Average Annual Insurance: $1,500/year
This car also benefits from Mitsubishi’s 10-year powertrain warranty, which signals to insurers that owners are likely maintaining their vehicles properly.
7. FIAT 500
The Fiat’s compact design makes it easy to maneuver and park in busy cities, and its low-cost parts help keep repair and insurance expenses minimal. While it’s no powerhouse, the 500 boasts a low theft rate and solid safety ratings that make it more affordable to insure.
Estimated Annual Fuel Cost: $2,175/year
Estimated Average Annual Insurance: $1,532/year
This small, affordable car is a great option for students, first-time car owners, or anyone who spends most of their time in the city.
8. Volkswagen Tiguan
The Volkswagen Tiguan is roomy enough for families but compact enough for urban driving. It also has a comprehensive suite of driver-assistance features that lowers accident risks, such as adaptive cruise control, forward collision warning, and pedestrian monitoring.
Estimated Annual Fuel Cost: $2,350/year
Estimated Average Annual Insurance: $1,536/year
Generally, the Tiguan’s reputation for safety and strong European build quality helps keep insurance costs reasonable.
9. Ford Ranger
Smaller and more fuel-efficient than full-size trucks, the Ranger offers great value for drivers who want the utility of a pickup without excessive operating costs. Its strong towing and payload capabilities make it versatile for both work and leisure.
Estimated Annual Fuel Cost: $2,750/year
Estimated Average Annual Insurance: $1,564/year
Its manageable size and impressive safety ratings contribute to lower insurance rates for such a versatile vehicle.
10. Mazda CX-3
The CX-3 is one of the most affordable Mazda models to insure, thanks to its smaller engine, lightweight design, and solid safety record. Its advanced safety suite, including Smart City Brake Support and blind-spot monitoring, reduces collision risks and insurance claims.
Estimated Annual Fuel Cost: $1,925/year
Estimated Average Annual Insurance: $1,601/year
For budget-conscious drivers who don’t want to sacrifice style or driving enjoyment, the CX-3 is a great all-rounder.
Cheapest SUVs to Insure in Ontario in 2026
| Car Model | Average Annual Premium | Average Monthly Premium |
|---|---|---|
| Subaru Forester | $1,424 | $119 |
| Lexus GX460/GX550 | $1,438 | $120 |
| Infiniti QX80 | $1,452 | $121 |
| Mitsubishi Eclipse Cross | $1,500 | $125 |
| Volkswagen Tiguan | $1,537 | $128 |
| Mazda CX-3 | $1,602 | $133 |
| MINI Cooper Countryman | $1,609 | $134 |
| Volvo XC40 | $1,621 | $135 |
| GMC Yukon | $1,634 | $136 |
| Land Rover Range Rover Evoque | $1,644 | $137 |
Cheapest Small Cars to Insure in Ontario in 2026
| Car Model | Average Annual Premium | Average Monthly Premium |
|---|---|---|
| MINI Cooper Convertible | $1,328 | $111 |
| FIAT 500 | $1,533 | $128 |
| Kia Soul | $1,588 | $132 |
| Subaru Legacy | $1,600 | $133 |
| Kia Rio | $1,652 | $138 |
| Subaru Impreza | $1,653 | $138 |
| MINI Cooper S | $1,673 | $139 |
| Volkswagen Passat | $1,715 | $143 |
| Nissan Sentra | $1,767 | $147 |
| Volkswagen Jetta | $1,806 | $151 |
Cheapest Electric Cars to Insure in Ontario in 2026
| Car Model | Average Annual Premium | Average Monthly Premium |
|---|---|---|
| Tesla Model Y | $1,746 | $145 |
| Tesla Model 3 | $1,776 | $148 |
| Hyundai Ioniq | $1,808 | $151 |
| Tesla Model S | $1,841 | $153 |
| Tesla Model X | $1,963 | $164 |
| BMW i3/i4/i5 | $2,207 | $184 |
| Audi Q8 e-Tron | $3,114 | $259 |
Cheapest Trucks to Insure in Ontario in 2026
| Car Model | Average Annual Premium | Average Monthly Premium |
|---|---|---|
| Ford Ranger | $1,565 | $130 |
| GMC Canyon | $1,639 | $137 |
| Dodge/RAM 1500 | $1,644 | $137 |
| GMC Sierra 1500 | $1,678 | $140 |
| Ford F150 XL | $1,788 | $149 |
| Honda Ridgeline | $1,788 | $149 |
| Chevrolet Silverado 1500 | $1,818 | $152 |
| Ford F150 Lariat Supercrew | $1,878 | $157 |
What Factors Determine How Cheap It Is to Insure Your Car?
Several factors influence how much you’ll pay for car insurance in Ontario. While some of them aren’t within your control, others are, and planning ahead will help you save on your coverage. Here’s what insurers typically look at: