A commonly asked question when it comes to car insurance in Ontario is, “Will the type of car you drive determine how much you pay for auto insurance?”
The vehicle you drive absolutely is part of the equation on auto insurance cost.
The make and model of your car is an insurance factor, and how the make and model performs in terms of crash and theft costs will alter the premium over time. When a car model first comes out, it's given a symbol by insurance rating organizations that predict its expected costs to insure compared to other vehicle makes and models. As experience accumulates for that make and model, the car may be moved up or down in the ratings and that would affect the cost you pay for comp and collision coverage. In addition to your type of car, auto insurers factor in your driving record, claims history, credit history, age, gender, amount and type of auto insurance purchased, where you live, just to name a few key pricing variables.