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small car

Everybody has their personal preferences when it comes to buying the car that they want. They will take into account many different factors. One of these is often what the insurance costs are going to be. As it pertains to the vehicle that they want. Most everyone also has their idea about what a car classification is as according to size. But there are specific criteria that set the different classifications. These can differ from country to country. In Canada, car size pertains the size of the interior. These are criteria that are set by fuel consumption experts. When it comes to small cars, this will usually encompass the two-seater. It will also include the subcompact car and compact car.

Insurance Companies Will Look At Different Vehicle Factors


Car insurance companies don’t just look at the specific size of the car. They don’t determine that because it is smaller, it should be cheaper. They will look at many different factors that pertain to a specific vehicle.

Type of Car

Insurance companies want to know what the manufacturer has designed the vehicle for. It will pertain to the specific make and model vehicle. Some vehicles are for performance. While others focus on the vehicle being more for the family.

Cost Factor

One of the most critical items to insurance companies is the cost factor. It pertains to what costs are incurred by them. It’s when a claim is applicable to a specific vehicle.

Theft and Vandalism

The neighbourhood of where the car is going to be is going to play a role in the insurance premiums. There are other factors that the insurance company will look at.  They will want to know if the particular car that needs insuring is at a higher risk for theft. If so, then this is going to affect the insurance premiums

Safety Factors

Insurance companies will take a look at the safety components of a vehicle that they are going to insure. Some vehicles have higher ratings for safety. These are factors that are important when it comes to the insurance.

These are all components that are you usually favourable for the small type vehicles.

Variations In Insurance Companies

Insurance companies follow the general rules. Some of which are mandatory then those that vary. It means that they will each have their perception of what they consider to be small cars. Based on these perceptions is what they will set their insurance rates at. In most cases, they all will agree about the components that the small car has which are favourable.

Perceptions Change


Another thing to keep in mind is that the perception will change each year. Cars considered cheap in 2016 for insurance may not be the same going forward in future years. It is because more cars come out on the market that has more favourable conditions to them. It helps to boost them up to the top of the list. Plus, it is those who get classed as being the best cars for getting the cheapest insurance that make it to the top.


Leasing companies often have a good idea about what are the cheapest cars to ensure. They have a good handle on knowing how the insurance companies are going to view the various small cars. There may be some differences in opinion. Most will agree that the following list of small vehicles is the cheapest to ensure. At least when it comes to Ontario and even other parts of Canada. Insurance companies can vary. So can a specific list of vehicles that are considered small or one that has the cheapest rates. For the actual amount, it means making a proper vehicle insurance comparison.

For 2018 models

  • Chevrolet Cruz Hatchback Automatic 2WD
  • Hyundai Elantra LE Automatic 2WD
  • Ford Focus Electric Automatic 2WD
  • Nissan Versa Note S CTV 2WD
  • Chevrolet Cruz LS Automatic 2WD
  • Toyota Prius C Hybrid Automatic 2WD
  • Nissan Micra
  • Kia Rio
  • Volkswagon Polo
  • Vauxhall Corsa Hatchback
  • Ford Fiesta
  • Hyundai i10

Older Vehicles

Not everyone wants to buy a new vehicle. There are many that are into buying the previous year’s model. Or even going back a few years.  They are also interested in knowing which of these vehicles are going to create the best deals on insurance. It is important to note that these can change each year. The following are some of what most consider as small cars that were cheap to insure in 2017.

  • VW Golf
  • Hyundai Accent
  • Chevrolet Cruise
  • Mazda Mazda3
  • Hyundai Elantra
  • Honda Civic
  • Toyota Corolla

The Clear System

The Clear System is a system that many insurance companies rely on. Insurance companies need some system to rely on. It is because there are so many different makes and models that need insuring.

It is a system they need to help them rate the risk of the individual vehicles they are going to be insuring. They will use the clear system as it applies to small vehicles. To determine this, they will rely on statistics to give them some information to work with.

Other Factors

The small car often can be beneficial for the lowering of insurance.

There are other factors that the insurance company is going to consider. The driving record will play a critical role. Also, what the vehicle is used for and how much will be a factor. Plus, there are other considerations.

Shopping For Insurance


It is wise to keep in mind that the vehicle is going to play an important role in the premiums. Many Individuals pay attention to keep their insurance costs down. They can do a few things to help with this. One of these is shopping for insurance in a proactive manner.

It’s done by getting insurance quotes based on the vehicle that one is thinking of buying. It is so one has a clear idea of what to their insurance costs will be. For those that already have their vehicle the insurance, quotes still work to their benefit. It allows them to do comparisons in a quick and easy manner.