A money-saving reason for going topless all year long

While a convertible isn’t for everyone, for those who have always had the dream of driving with the option to have the top down there’s good news:

Depending on the convertible you choose, often a convertible is cheaper to insure than the non-convertible version of the same car.

As odd as this may seem, a snapshot of online car insurance quotes through kanetix.ca shows this to be the case more often than not. Convertible car insurance quotes for the following cars were obtained online through kanetix.ca recently*:

•    Audi A4 Cabriolet
•    Pontiac G6 GT Convertible
•    Toyota Solara SLE Convertible
•    MINI Cooper Convertible
•    Ford Mustang Convertible

For each vehicle, the number of convertible car insurance quotes provided ranged from nine to 12 from the various insurers available through kanetix; and in each case the average quoted price was less for the convertibles than their non-convertible version.

What’s more, the convertible car insurance quotes were not necessarily insignificantly less; from almost two per cent less to up to 10 per cent less than their ‘hard-top’ counterpart. The average quoted price in our samples could amount to enough savings that might make you consider getting a convertible.

Why would a convertible car cost less to insure?

Chances are most people would think convertibles cost more to insure; but in the process of confirming what we saw to be true, we discovered that in our spot-checks (we looked at the Pontiac G6 and the Ford Mustang) both the collision and comprehensive premiums—which are part of the total insurance policy—were cheaper.

Guess it just goes to show, that you can determine if what you’ve heard about car insurance is a myth or fact by completing some quotes. Myths can be costly; whether it is costing you money, or costing you the car you really want to get. Don’t let a myth get in your way again, learn more about car insurance myths with The Greatest Myths About Auto Insurance.

Or, if it’s a quote comparison you’re looking for, compare car insurance quotes today to see if you could be paying less for the car insurance coverage you need.


* The information used to obtain these quotes was the same for each; a 35-year old driver living in Toronto with zero accidents, claims or tickets. The only detail that changed in getting each respective quote was the vehicle. The information collected and compiled here is for general reference only. Always speak with a licensed insurance representative to answer your specific questions.