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insured suv in ontario

How Will My Insurance Change If I Choose SUV Over A Sedan?


Ever since you started to drive, you may have driven sedans for a long time just like many other loyalists. But if your family has been outgrowing your sedan, then it might be time to get a change. You may check around and the next best choice may seem to drive a bigger car; an SUV. Yes, move over minivans and bulky station wagons, it is the SUV that fits the bill. Earlier versions of SUVs were apt for off-road driving. But the newer versions of SUVs are well equipped for comfort, third-row space, entertainment systems, and good fuel economy too.

It sure packs more space but you may wonder as to the changes in store for your car insurance policy. If you are on a shoestring budget for a car and drive a sedan, then changing to an SUV may seem very costly. One part is that the premiums may increase when you change from a sedan to SUV.

How Are Premiums Calculated For SUV?


Insurance companies consider many criteria to calculate car insurance premiums. The SUV costs more than a sedan and affects insurance premiums due to the following factors that insurers look for:

  • The repair cost of an SUV could be steep
  • The safety record rating of the SUV varies with each model and is assessed by insurers.
  • The risk of theft of the SUV also matters.
  • The primary intent of the use of your SUV will be checked. If you use your SUV for pleasure, errands, commuting, business it will all have a different impact on your premiums.
  • The level of coverage and deductibles chosen by you will also affect premiums.
  • The mileage you drive on an average per year also shows how much your SUV may be exposed to road traffic.
  • Since SUV is larger than a sedan, it could definitely cause more damage in the event of a collision. It may be a wise idea to get the safety rating of the SUV that you liked to check its safety performance while in an incident to protect the passengers. This safety rating would also give you comparative information as to whether that SUV has systems to cushion the impact and reduce the effect of a collision.
  • Your driving experience and records, as well as those of any occasional drivers listed on the policy, will also change the premiums.
  • If you drive your SUV for a business purpose and not personal, then that could matter in the type of insurance you may need.
  • The age, make, and model of the SUV are also considered. You may also get a crash rating score for the model that you intend to buy and insure.

How Can You Save On Car Insurance Premiums SUV In Ontario?


In Ontario, the CLEAR system has been in effect to check on the risk ratings of vehicles. This system is based on data from the claims history of all vehicles. If your SUV make or model has a high-risk rating as per CLEAR, then it could affect insurance premiums. You may have to pay higher premiums. So, it is a wise idea to know how insurance companies use CLEAR to calculate insurance premiums. By making an informed decision you could save on insurance premiums.

Drive An SUV With Low-Risk Rating

If you are yet to decide on a car but would like to get an SUV then you may check for SUV which has low-risk ratings for theft and collision claims as per CLEAR.

Shop For Many Quotes Online

It is a good idea to get as many quotes as possible for the best deal. But it is not practical to speak to all the insurers and brokers, it’s simply a burden. Instead, you may check for the best quotes on our car insurance calculator. You could save on your SUV insurance and your time by comparing it with our calculator.

Combine Different Policies

It is a tried and tested idea to have all your policies with the same insurance company. Be it for home or other vehicles used in your household, it could give you a discount when you combine. You may get savings with a multi-vehicle and multi-line discount.

Check Your Deductibles

It is possible to lower your insurance premiums by increasing your deductibles. This means that in the case of a small claim, you may rather pay from your pocket than file a claim.

Check Your Coverage

If you drive an old SUV then you may really not need to have the optional coverage. You may check on removing collision and/or comprehensive coverage and the difference it could make to your insurance premiums. You may have to make a decision based on the value of your SUV and how much you could afford to pay to get standard protection and then some more.

Be A Safe Driver

Whether you drive or someone else from your family may drive the SUV, it is important to follow all traffic laws and road safety. Avoiding collisions and remaining claims-free with no tickets could go a long way to get your insurance premiums lowered.  This is so important that if you had tickets it could affect your premiums for up to 3 years as it will stay on your record. In case you had a collision, that record would stay up to 6 years and affect your premiums. So it is really not worth driving unsafe. Staying sober while driving and observing all rules of the road would look good on your record and your insurance premiums.

Reduce The Mileage

If you drive your SUV more then, there is a higher risk due to more exposure on roads.  If you have a choice to take public transit rather than drive then, why not? You may also save on parking along with cutting down on your SUV mileage. If traveling on transit is more convenient and savvy it could help to reduce your SUV insurance premiums.

Get Training

In case you have already completed some driver education program, then let your insurer know that. The insurance company may give you a discount for training from a Ministry-approved driving school.

Install Safety and Anti-theft Devices in your SUV

When you install anti-theft devices such as alarms, sensors, or immobilizers, the insurance company would consider that. They may reduce your insurance premiums as you are doing your best to avoid the risk of theft of your SUV. Any safety devices for the protection of your passengers would reduce your premiums as the impact of personal injury would be less.

List Of Top 10 SUV’s With Cheapest Insurance Rates In Ontario

1. Dodge Journey


This SUV is a family favorite and has a seating capacity for 5 or 7 people. It comes with either forward-wheel drive or all-wheel drive options. There is also a choice for power with a 6-cylinder or 4- cylinder. Safety features include seven airbags, a rear park assist, and a rear backup camera with standard pressured monitoring for tires. The V6 3.6 L engine has 283 hp

2. Hyundai Santa Fe Sport


This SUV comes with an option for all-wheel drive and front-wheel drive is standard. It has a 4-cylinder engine with a 2.4-liter capacity giving 190 hp and 181 lbs.-feet of torque. It comes with a standard 6-speed automatic transmission.

3. Jeep Wrangler


This has a seating capacity for 4 people. It is 4 wheel drive SUV with a 6-speed powertrain having a manual transmission. The engine is V6 3.6 L with 285 hp. This SUV also gets great factory and aftermarket parts support.

4. Ford Escape


The SUV has four-wheel drive and all-wheel drive choices. The engine options available are 2.5 L I-4 with 168 hp, 1.5 L I-4 with 179 hp, and 2.0 L I-4 with 245 hp.

5. Mazda CX-5


This SUV has choices in a 16 valve 4-cylinder 2.0 L DOHC 155 hp with manual transmission and 184 hp with auto, 2.5 L DOHC with 184 hp, or 2.5 L DOHC engines with 184 hp.

6. Jeep Cherokee


The engine choices are for 2.4 L 184 hp SOHC, 3.2 L V6 with 271 hp. It also comes with 9 speed automatic and manual transmissions. Four-wheel drive is standard with a comfortable interior.

7. Nissan Rogue


The seating capacity is 5 with up to 7 for the family tech package. It could come fitted with 17” steel, alloy, or aluminum wheels.

8. Chevrolet Equinox


This SUV comes with a 2.4 L 4-cylinder Spark Ignition Direct Injection engine, 3.6L V6, or a 4-cylinder 2.4 L E10 engine. It has front-wheel drive and for safety comes fitted with airbags having passenger sensing.

9. Honda CR-V

The engine is a 2.4 L 16 valve 4-cylinder with varying 185 hp for each version. It has a variable transmission. The seating capacity is for up to 5 passengers.

10. Toyota RAV4


This SUV is a 2.5 L engine with inline 4-cylinder 6-speed auto transmission. It has up to 5 seats with front-wheel drive.

About the Author: Ashley Miller

Ashley is an insurance content professional and very knowledgeable on all related subjects. Ashley has over 12 years of insurance content writing experience working with various insurance companies throughout her career.