Chrysler Car Insurance

Chrysler vehicles are a top choice among Canadian drivers. Known for their affordable yet luxurious family vehicles, Chrysler is an American auto manufacturer headquartered in Michigan. They are one of the original “Big Three” automobile makers in the United States and were recently purchased by Stellantis. Its parent company Stellantis also owns Ram, Dodge, and Jeep. Keep reading to learn all you need to know about Chrysler auto insurance, from how Chrysler insurance premiums are calculated to the types of coverages available to Chrysler drivers.

Chrysler brand overview

Chrysler’s roots date back to 1925 when American industrial pioneer Walter P. Chrysler acquired the Maxwell Motor Company and renamed it the Chrysler Corporation.

In the past century, the company has greatly evolved. The first half of Chrysler’s history was largely focused on producing sports cars to compete with Chevrolet and Ford. The next period was characterized by the rise of luxury sedans like the Chrysler Imperial and Concorde. More recently, Chrysler has focused on expanding its line of luxury minivans, with three models currently in production, in addition to one sedan, the 300. The Chrysler 300 and the Grand Caravan continue to be two of the automaker’s best-selling models. To lower their carbon footprint, Canadians can also choose the Chrysler Pacifica Hybrid, known for its impressive safety rating, fuel economy, and high-tech entertainment options.

Fun facts about Chrysler

  • New York City’s iconic art deco-style Chrysler Building served as the company’s headquarters from 1930 until the mid-1950s.
  • Chrysler is a luxury vehicle brand, with its top American rivals being Lincoln and Cadillac.
  • During World War II, the Chrysler brand turned its attention towards producing military vehicles and airplane engines. Later, during the Cold War, they manufactured air raid sirens.
  • The Chrysler logo has a dual meaning. First, it was designed to resemble the radiator on a car, and second, the winged design is a nod to the Roman god Mercury, known for his speed.

Chrysler car insurance coverages

Purchasing car insurance can be confusing, especially with so many coverage types available to you. Auto insurance policies consist of a wide range of coverages, some of which are mandatory and others that are optional. It’s up to each driver to decide what amount of the mandatory coverage types to buy and whether or not they wish to purchase any of the optional coverages. To help Chrysler drivers gain a better understanding of the types of car insurance coverage available to them, we’ve compiled the following list of some of the most common coverages:

Third party liability coverage

Third party liability coverage protects the policyholder against the cost of bodily injury or property damage in the event they’re liable for a collision. This type of coverage is mandatory in Canada and can help pay for medical bills, vehicle repairs, legal counsel, and court fees.

Accident benefits coverage

Accident benefits coverage is also compulsory throughout Canada and offers protection if you, a passenger, or a pedestrian require medical attention following an accident. No matter who is at fault for the accident, the policyholder can still receive compensation under the accident benefits portion of their policy.

Collision coverage

Collision coverage is optional to Canadian drivers, however, it can provide added peace of mind. This type of coverage protects the driver if they collide with another car or object on the road. Where accident benefits coverage protects against injuries, collision coverage helps with the cost of property damage, such as car repairs.

Comprehensive coverage

Chrysler drivers who wish to insure their vehicle against more than collision may opt for comprehensive coverage. With comprehensive coverage as part of your policy, you and your vehicle may be covered against theft, vandalism, fire, water damage, and more.

Accident forgiveness coverage

If you purchase Chrysler auto insurance that includes optional accident forgiveness coverage, rates will not go up following your first at-fault accident, based on the terms of your agreement. Although this type of coverage is also optional, it can be worth it.

What factors influence Chrysler insurance premiums?

Calculating insurance rates is far from simple. A multitude of factors, like age, gender, marital status, claims history, location, and make and model of vehicle, all determine how much you pay for car insurance. Keep reading for a list of the most common factors influencing Chrysler car insurance rates in Canada.


Age is one factor that can influence how much you pay for Chrysler car insurance. For example, if you’re a young driver who recently got their license, your insurance premium will likely be higher because you have limited driving experience. Conversely, statistics reveal that drivers over a certain age may also pay more for insurance, based on statistics.


Where you plan to drive your Chrysler can also impact your insurance rate. If you live in a populous metropolitan area like Toronto or Vancouver, your car insurance may cost more than if you live in a quiet, rural part of the country. Since there tends to be more traffic on the roads in urban areas, your odds of getting into an accident increase, and often so will your insurance premium. Lastly, living in a region of Canada prone to climate related incidents, like floods, could also affect how much you pay for auto insurance.

Driving history

When calculating your Chrysler car insurance rate, insurance companies will require information about your driving history, including your driving experience and driving record.

To pay less for car insurance, drivers should aim to have several years of driving experience and a clean driving record. Having adequate experience and a stellar record shows the insurance company that you are a safe and responsible driver, so you could pay less for insurance because of it. However, if you have a poor driving record featuring speeding tickets, DUIs, and accidents, regardless of driving experience, your insurance premium may be higher.

Chrysler model and year

The Chrysler model you drive is a key factor that could affect how much you pay for auto insurance. Generally, the more expensive the car, the more expensive it will be to repair, and therefore the more it will cost to insure. As Chryslers are considered luxury vehicles, car insurance may not be particularly cheap. However, choosing an older model or a used vehicle may save you money. In addition, buying an eco-friendly model like the Chrysler Pacifica Hybrid could also lower your insurance costs.

Money-saving tips for Chrysler car insurance

Car insurance is not a minor expense, especially when you drive a luxury vehicle like a Chrysler. That said, auto insurance should never break the bank, which is why BrokerLink’s insurance advisors have compiled a list of their best money-saving tricks. From increasing your deductible to installing winter tires on your Chrysler vehicle, check out their top tips below.

  • Purchase car insurance for multiple vehicles together (savings of up to 20%)
  • Buy multiple insurance policies (travel insurance + car insurance, leisure vehicle insurance + car insurance, etc…) from the same provider (savings of up to 15%)
  • Increase your deductible
  • Enrol in driving school (for new drivers)
  • Purchase an eco-friendly Chrysler model, such as the Chrysler Pacifica Hybrid (savings of up to 10%)
  • Pay auto insurance annually rather than monthly
  • Install winter tires on your Chrysler

Get in touch to discuss your Chrysler car insurance policy

Want to learn more about Chrysler car insurance? Contact BrokerLink today!

Our team of knowledgeable insurance advisors has extensive experience finding car insurance for all makes and models of vehicles, including Chrysler. From start to finish, we will be by your side every step of the way. Whether you want help comparing quotes, understanding complicated industry jargon, or finding the most competitive rate possible, the BrokerLink team is always happy to offer our unbiased expert opinion on the best car insurance policy for your family.

Still have questions? Contact BrokerLink by phone, email, or in person at one of our many locations in Canada. Don’t go it alone - let a BrokerLink insurance advisor help.

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Chrysler auto insurance FAQs

What is the least expensive Chrysler car to insure?

This is difficult to answer as the model of car you drive is just one of many factors that go into determining your car insurance rate. That said, the general rule of thumb is the less expensive or older the car, the less it will cost to insure. The prices between models in Chrysler’s current lineup are fairly comparable, with the Grand Caravan and 300 being the least expensive and the Pacifica and Pacifica Hybrid being the most expensive. However, as the price discrepancies are not significant, choosing one of the cheaper models likely wouldn’t have a huge impact on your car insurance rate. In addition, if you purchase a less expensive Chrysler model but choose to equip it with custom trims, your car insurance rate will likely go up as your vehicle will cost more to repair if damaged. Ultimately, if you’re really looking to save money on Chrysler car insurance, we recommend contacting a BrokerLink insurance advisor who can help you find the best coverage at the most affordable price.

Can I buy Chrysler auto insurance on the internet?

You can certainly purchase Chrysler car insurance on the internet. However, in order to find the most competitive car insurance rate, Canadian drivers must shop around and obtain quotes from several different insurance companies. This can be stressful and time-consuming. That is why we recommend enlisting the help of an insurance broker from BrokerLink. We have been in business for over 30 years and our brokers know the ins and outs of the industry. This means that we can quickly obtain and compare quotes from the leading insurance providers in Canada and help you choose a policy that meets your needs.

Is Chrysler car insurance compulsory?

Car insurance is compulsory in Canada, regardless of which province you live in or what make of vehicle you drive. Before purchasing a new Chrysler, be sure to find a car insurance policy that meets your needs. Your policy must also comply with the regulations surrounding car insurance in your province. Each province and territory has its own rules on the minimum coverage requirements. For example, drivers in Alberta and Ontario are required to have car insurance policies with at least $200,000 in third party liability coverage. If you don’t know the requirements in your province, contact BrokerLink. A BrokerLink insurance advisor can explain mandatory car insurance in your province and ensure you find a policy that complies with local laws.

*This article is in no way sponsored, endorsed, or associated with Chrysler.

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