Cheapest and Most Expensive Cars To Insure In Edmonton



Cheapest and Most Expensive Cars To Insure In Edmonton

What Are The Least And Most Expensive Cars To Insure In Edmonton?

If you’re in the market for a new vehicle, you’re probably already taking several economic factors into account when deciding on your new car, such as:

  • Price
  • Fuel efficiency
  • Maintenance costs
  • Resale value

But don’t forget to take car insurance costs in Edmonton into account. In the long run, finding a car with lower insurance costs can save Edmontonians thousands of dollars over the lifetime of their vehicle, so it’s worth thinking about.

What Factors Into Car Insurance Costs In Edmonton?

In order to know which cars may have lower insurance costs than others, you need to understand what goes into calculating insurance prices. While your personal driving history matters, it is the year, make and model of your car that factor into measuring:

  • Collision repair costs
  • Comprehensive coverage costs
  • Theft frequency

This means if you’re thinking about keeping insurance costs down, you want a vehicle that is not expensive to repair, is less prone to extensive damage and is a low theft target. Incidentally, these factors are probably a good thing to consider even if you’re not trying to keep your car insurance costs in Edmonton down!

Which Cars Score Highest And Lowest?

When it comes to the different factors, no model perfectly combines all three elements you’re looking for to keep insurance costs to an absolute minimum, but there are some that do exceptionally well in individual categories. The Mazda MX5 for instance has some of the lowest collision claim costs, especially for the early 2000 models. For lowest theft frequency, the Crown Victoria makes the list, perhaps because it is a common police car. And as far as comprehensive costs go, the Chevrolet Metro, hatchback and sedan, have some of the lowest rates.

On the high end of the scale, Honda Civics and Cadillac Escalades are among the highest targets for auto theft and could end up costing you more on car insurance. The Hummer H2 is one of the higher risk vehicles in terms of accidents, along with other utility vehicles like the Audi Q7 and Toyota’s Highlander and Venza. Luxury sports cars meanwhile are among the costliest cars to repair, like the Mercedes SL500, the Nissan 350z and the Subaru Impreza WRX.

Drayden Insurance are the car insurance experts in Edmonton, so if you have any questions or would like to compare rates, don’t hesitate to contact us. Our team of professionals can answer all of your questions and help you get set up with the right insurance package for your new car.

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