Key Takeaways
- In Ontario, the same vehicle can price very differently by postal code, parking, and annual kilometres-quote the VIN before you commit.
- Luxury and performance models often cost more due to repair complexity (ADAS sensors, calibration, OEM parts) and higher claim severity.
- Theft pressure can raise comprehensive premiums, even if you are a safe driver-secure overnight parking and insurer-recognized anti-theft can matter.
- Ask for a coverage-by-coverage breakdown (liability vs collision vs comprehensive) so you know which lever to pull.
- Use standardized tools and consistent inputs when shopping quotes so you are comparing apples to apples.
On This Page
- Quick answers
- Most expensive cars to insure in Ontario
- Why these cars cost more to insure
- Ontario premium reality check (average premiums)
- Theft pressure and models insurers watch
- Before you buy: a VIN quote checklist
- How to lower insurance costs on an expensive-to-insure car
- Brand comparisons (same segment vs lower vs higher)
- Decision flow: buy the car vs buy the insurance
- Methodology and data notes
- FAQs
- Sources
Quick answers
What types of cars are usually the most expensive to insure in Ontario?
In Ontario, the highest premiums usually show up on ultra-luxury or high-performance vehicles because claims can be larger (expensive parts and repairs) and theft exposure can be meaningful for certain models and trims. MyChoice’s Ontario quote database (2025) highlights high-end performance and luxury vehicles as frequent “top premium” candidates.1
Is it only supercars that cost the most to insure?
No. Supercars can be expensive, but premiums can also spike on vehicles that combine high repair severity and theft pressure. In Ontario, theft is a real premium driver, and IBC has stated that auto theft adds about $130 to the average annual premium in Ontario.4 That effect can be larger for models that are targeted more often.
Will my premium drop a lot if I raise my deductible?
It can help, but the savings depend on what is driving your premium. If comprehensive (theft and vandalism) is the main spike, secure parking and insurer-recognized anti-theft can sometimes move the needle more than a deductible change. If collision is the spike, deductibles and driver assignment may matter more.
Does where I live in Ontario matter as much as what I drive?
Often, yes. Ontario pricing is highly location-sensitive. FSRA publishes average annual premiums by region (Ontario, GTA, other urban, rural), which illustrates how much region and territory can influence premiums even before the vehicle choice is considered.2
What should I do before buying a vehicle that might be expensive to insure?
Get VIN-based quotes from at least three markets, confirm required coverages for financing or leasing, and ask which coverage is driving the total premium (liability vs collision vs comprehensive). This turns your quote from a mystery into a checklist you can actually act on.
Most expensive cars to insure in Ontario
Think of this list as a “quote early” list, not a “do not buy” list. These models tend to show up with higher premiums for a standardized, clean-record driver profile in Ontario based on MyChoice’s quote database analysis (2025). Your premium can be higher or lower depending on postal code, parking, kilometres, coverage choices, and driver history.1
Important: trim and equipment can change the insurance tier
A model name is not a VIN quote. Performance packages, wheel size, drivetrain, and advanced driver assistance features can change repair costs and theft desirability. Quote the VIN (or the exact trim) before you sign.
| Vehicle (examples from Ontario quote data) | Type | Average annual premium (Ontario) | Why it tends to price high |
|---|---|---|---|
| Mercedes-AMG G63 | Ultra-luxury performance SUV | $5,800 | High replacement value, expensive repairs, premium parts |
| Maserati Quattroporte | Ultra-luxury sedan | $5,320 | Repair severity, parts costs, specialized labour |
| Lamborghini Aventador | Exotic supercar | $4,985 | Very high claim severity, specialist repair ecosystem |
| BMW M8 Competition Gran Coupe | High-performance luxury sedan | $4,520 | Performance risk + expensive repair and parts |
| Porsche Panamera Turbo S E-Hybrid Executive | High-end hybrid performance sedan | $4,300 | Complex tech, costly components, premium repair severity |
| Audi RS7 Sportback | Performance luxury sedan | $4,210 | High performance + expensive repair ecosystem |
| Porsche 911 | Sports car | $4,040 | Performance exposure + higher repair cost |
| Nissan GT-R | High-performance sports car | $3,890 | Performance risk + specialized parts and repairs |
| Audi RS e-tron GT | Performance luxury EV | $3,800 | High-value EV components + calibration and repair complexity |
| Chevrolet Corvette | Sports car | $3,650 | Performance exposure relative to mainstream vehicles |
Data note: The premiums above are MyChoice’s average annual premiums for a standardized driver profile and quotes collected through their platform (2025). Use them as a directional benchmark, not a prediction for your policy.1
Why these cars cost more to insure
When a quote comes back high, do not ask only “why is this expensive?” Ask: “Which part is expensive?” The fix is different if the driver is theft exposure (comprehensive), repair severity (collision), or third-party risk (liability).
1) Repair severity: parts, labour, scanning, and calibration
Luxury and performance vehicles often cost more to repair because parts are expensive, supply can be slower, and repairs may require specialized labour. Modern vehicles also rely on sensors and cameras; even low-speed impacts can trigger replacements and calibration. Statistics Canada has noted that factors like vehicle brand and location contribute to claims and rising costs, alongside broader repair and parts inflation.6
What to do next: ask a reputable collision shop if your target model commonly requires scanning and calibration after bumper or windshield repairs. If the answer is “yes,” expect collision and glass-related costs to show up in premiums.
2) Theft exposure: comprehensive can be the hidden spike
Ontario has been hit hard by auto theft. IBC reported that auto theft claims costs in Ontario surpassed $1 billion for the first time in 2023 and increased sharply compared to 2018 levels.5 Even if your driving record is perfect, a vehicle that is frequently targeted can raise the comprehensive portion of your quote.
What to do next: treat theft prevention like a budget item. Secure overnight parking and insurer-recognized anti-theft measures are often the most practical levers when comprehensive is the problem.
3) Performance exposure: frequency and severity tend to rise together
High horsepower and fast acceleration do not automatically mean you will crash, but insurers price using large pools of loss experience. Performance models can correlate with higher claim frequency or higher severity (speed, expensive components, wider tires and wheels, larger brakes).
What to do next: if you are deciding between performance and non-performance trims, quote both. Ask whether the difference is mainly liability or collision. That tells you which lever (usage, driver assignment, deductibles) is more likely to help.
4) Replacement cost and total-loss math
High replacement values raise the insurer’s possible payout in a total loss. If you are financing or leasing, you are usually required to carry collision and comprehensive, which removes the “drop physical damage” option. For higher-value vehicles, that requirement can make the insurance budget non-negotiable.
What to do next: confirm lender or lessor requirements first, then quote using those exact limits and deductibles so your comparison is realistic.
Pro Tip: ask for a coverage-by-coverage breakdown
Ask how much of the premium is coming from liability vs collision vs comprehensive. If comprehensive is the spike, focus on theft deterrence and parking. If collision is the spike, test deductibles and kilometres and confirm the trim coding matches the VIN.
Ontario premium reality check (average premiums)
Before you even pick a vehicle, Ontario premiums vary meaningfully by region and territory. FSRA publishes average annual premiums for Ontario private passenger vehicles by region, which is a helpful “baseline” for understanding how much geography can move the number.2
| Region | Average annual premium (FSRA) | What it usually means in practice |
|---|---|---|
| Ontario (overall) | $2,120 (as of June 2025) | Baseline benchmark across Ontario vehicles and drivers |
| GTA | $2,765 (as of June 2025) | Higher exposure from density, theft pressure, and claims costs |
| Other Urban | $2,031 (as of June 2025) | Typically lower than GTA but still territory-sensitive |
| Rural | $1,698 (as of June 2025) | Often lower frequency but can have severity drivers (speed, wildlife) |
What to do next: quote with your real garaging address and real overnight parking. If you move, change commute patterns, or change parking (garage vs street), re-quote because the territory impact can be significant.
Shopping tip: FSRA’s Rate Ranger is designed to help consumers compare auto insurance rates in Ontario using standardized profiles and coverages. It is useful for sanity-checking the “direction” of a quote (higher vs lower) even though it will not match your exact personal profile perfectly.3
Theft pressure and models insurers watch
Theft is not just a crime problem; it is a pricing problem. IBC estimates that auto theft adds about $130 to the average annual premium in Ontario.4 In other words, theft can raise premiums even for drivers who never make a theft claim.
Ontario theft targets also shift over time. A report attributed to Équité Association and summarized by CityNews lists Ontario’s most stolen vehicles for 2024, with the Honda CR-V (2024 model) at the top of the list and other common high-demand models close behind.7
| Common theft-target models (Ontario 2024) | Reported theft count | Why this can matter in insurance |
|---|---|---|
| Honda CR-V (2024) | 1,309 | Higher theft exposure can increase comprehensive pricing for some profiles |
| Dodge Ram 1500 Series (2022) | 1,159 | High demand can raise theft risk assumptions in certain territories |
| Honda Civic (2021) | 1,113 | High-frequency theft risk can influence comprehensive premiums |
What to do next: if you drive a model that appears frequently on theft lists, do not guess. Ask insurers whether theft exposure is driving your quote and what anti-theft measures they recognize for discounts or rating.
Reality check: “Ontario pricing” is still postal-code pricing
Two Ontario drivers with the same car can get materially different premiums because claim frequency and theft patterns are rated at a territory level. Always quote using the actual address where the vehicle is kept overnight.
Before you buy: a VIN quote checklist
The goal is to avoid the most common (and expensive) mistake: buying the car first and learning the insurance budget later. Use this checklist before you sign a bill of sale or finalize financing.
Step 1: Get the VIN and the exact trim
- Ask the seller for the VIN and the full trim name (not just “Panamera” or “G-Class”).
- Confirm whether the vehicle has performance packages, larger wheels, or advanced driver assistance options.
Step 2: Quote it three ways
- Quote A: your real garaging address, real parking, real annual kilometres.
- Quote B: same as A but with one realistic change (example: higher deductible, or reduced km if true).
- Quote C: a nearby trim you would still be happy with (example: non-performance version).
Step 3: Ask “which coverage is expensive?”
- Liability (third-party injury and property)
- Collision (your vehicle damage in a crash)
- Comprehensive (theft, vandalism, weather, animal impacts)
Step 4: Confirm finance or lease requirements
- Required coverages (collision and comprehensive are often mandatory)
- Required deductibles (some lenders cap how high you can go)
- Any requirements for tracking or immobilizers
What to do next: write down what each insurer assumed for kilometres and parking. Incorrect assumptions are a common reason quotes vary wildly.
How to lower insurance costs on an expensive-to-insure car
Lowering premium is usually about pulling the right lever for your specific quote driver. Pick two or three changes you can consistently maintain for the policy term.
1) Upgrade overnight parking (if theft is a driver)
- Prefer a locked garage or controlled-access underground parking where possible.
- If you are in a condo, be specific: controlled access vs open shared garage can be rated differently.
- Document it: parking agreements, fob access rules, and lease addendums can help if an insurer asks.
2) Use insurer-recognized anti-theft measures
- Ask which devices qualify (category and proof requirements).
- Keep invoices and installation documentation.
- Layer deterrence: immobilization plus tracking plus good parking habits.
3) Adjust deductibles strategically
- If collision is expensive, test higher collision deductibles.
- If theft is expensive, test comprehensive deductibles and theft-prevention steps.
- Only choose a deductible you can pay without stress.
4) Re-check driver assignment and household structure
In multi-vehicle households, who is assigned to which vehicle can affect pricing. This is not about hiding drivers; it is about making sure the policy reflects reality.
5) Be accurate about kilometres and usage
If your routine changed (remote work, fewer commutes), update annual kilometres and usage type. Territory and kilometres can be major rating inputs, and accuracy matters at claim time.
6) Consider telematics only if it fits your routine
Telematics can help some drivers, but it may be a poor fit if your routine includes heavy stop-and-go traffic, late-night driving, or frequent hard braking (even if those events are unavoidable).
Do not chase “savings” that increase risk
Parking farther away in a poorly lit area to avoid garage fees may reduce cost short-term but increases theft risk. Prioritize changes that reduce both premium and loss likelihood.
Brand comparisons (same segment vs lower vs higher)
Below are example comparisons using Ontario average premium benchmarks from the same MyChoice Ontario dataset for “most expensive” vehicles. These are not quotes for your policy; they show how premiums can change as you move up or down within performance and luxury tiers under the same benchmark methodology.1
| Starting point | Same segment example | Lower segment example | Higher segment example |
|---|---|---|---|
| Porsche 911 $4,040 | Audi RS7 Sportback $4,210 | Chevrolet Corvette $3,650 | Lamborghini Aventador $4,985 |
| Audi RS e-tron GT $3,800 | Porsche Panamera Turbo S E-Hybrid Executive $4,300 | Nissan GT-R $3,890 | BMW M8 Competition Gran Coupe $4,520 |
| Mercedes-AMG G63 $5,800 | Maserati Quattroporte $5,320 | Porsche 911 $4,040 | Lamborghini Aventador $4,985 |
What to do next: do this comparison with your actual shortlist by quoting the VINs. If the premium jump is mainly comprehensive, focus on theft and parking. If it is collision, focus on repair severity, deductibles, and trim changes.
Decision flow: buy the car vs buy the insurance
flowchart TD
A[Choose vehicle] --> B[Get VIN]
B --> C[Quote with real address parking km]
C --> D{Premium fits budget}
D -->|Yes| E{Financed or leased}
E -->|Yes| F[Confirm collision comp deductibles]
E -->|No| G[Choose coverage level]
F --> H[Buy vehicle]
G --> H[Buy vehicle]
D -->|No| I[Identify driver of cost]
I --> J{Main driver is theft}
J -->|Yes| K[Change parking add anti theft]
J -->|No| L[Change trim increase deductible reduce km]
K --> C
L --> C
Methodology and data notes
Methodology for the rate tables in this guide
- Most expensive vehicles table: Based on MyChoice’s “Most Expensive Cars to Insure in Ontario (2026 Update),” using quote data collected through their platform in 2025 with a standardized driver profile described in their methodology.1
- Ontario regional averages: Based on FSRA’s published “average annual premium” table (Ontario, GTA, other urban, rural) as of June 2025.2
- Theft context: Uses IBC reporting on theft claims costs and premium impact, plus Ontario theft list reporting attributed to Équité Association.457
- How to compare quotes: References FSRA Rate Ranger as a standardized comparison tool for Ontario consumers.3
Important: The tables here are benchmarks, not guarantees. Your price depends on your territory, driving record, annual kilometres, vehicle trim, coverages, deductibles, and discount eligibility.
Editorial standards
We prioritize Ontario regulators (FSRA), national insurance organizations (IBC), and reputable market datasets for rate benchmarks. Where market rates vary, we describe the process to shop and verify rather than presenting a single “average” as universal truth.
Update note
- Last updated: December 29, 2025
- Refreshed Ontario benchmarks and strengthened theft and methodology context.
Disclaimer
This article is general information only and is not a quote, contract, or legal advice. Coverage and eligibility depend on policy wording and provincial rules. Confirm details with your insurer or broker before you buy or change coverage.
FAQs
What is the single best way to avoid a surprise premium on a luxury or performance car?
Quote the VIN before you buy and ask for the coverage-by-coverage breakdown. That tells you whether theft, collision repair severity, or liability is driving the premium.
Do expensive cars always require full coverage in Ontario?
Not always, but if you finance or lease, collision and comprehensive are commonly required. Confirm lender or lessor requirements before you quote so you are comparing realistic policies.
Does street parking increase insurance costs for high-theft vehicles?
It can. Overnight parking type can influence theft exposure assumptions, especially in higher-theft territories. Quote your real parking first, then test a change only if it is truly available to you.
If theft is driving my premium, what should I change first?
Start with what is easiest to sustain: secure overnight parking (garage or controlled-access) and insurer-recognized anti-theft measures with documentation. Then re-quote.
Will raising deductibles always help?
It often helps, but it is not always the best lever. If comprehensive is the spike due to theft exposure, deductibles may move the price less than theft prevention and parking changes.
How do I compare insurers fairly in Ontario?
Keep inputs identical (address, kilometres, drivers, limits, deductibles, endorsements). Use standardized tools like FSRA Rate Ranger to sanity-check direction, then confirm details with actual quotes for your profile.3
Sources
- MyChoice. “Most Expensive Cars to Insure In Ontario (2026 Update).” Updated December 9, 2025.
https://www.mychoice.ca/insurance/car/most-expensive-to-insure-ontario/ - Financial Services Regulatory Authority of Ontario (FSRA). “Your average premium” (Ontario, GTA, Other Urban, Rural table).
https://www.fsrao.ca/consumers/auto-insurance/understanding-auto-insurance-rates/your-average-premium - Financial Services Regulatory Authority of Ontario (FSRA). “Auto Insurance Rate Ranger.”
https://www.fsrao.ca/consumers/auto-insurance/auto-insurance-rate-ranger - Insurance Bureau of Canada (IBC). “Top five reasons auto insurance premiums have increased” (includes estimate that auto theft adds approximately $130 to the average annual premium in Ontario). Published June 6, 2024.
https://www.ibc.ca/news-insights/in-focus/top-five-reasons-auto-insurance-premiums-have-increased - Insurance Bureau of Canada (IBC). “Insurance Bureau of Canada Reveals Ontario’s Top 10 Costliest Cities for Auto Theft Claims” (theft claims costs surpassed $1 billion in 2023; increases since 2018). Published June 3, 2024.
https://www.ibc.ca/news-insights/news/insurance-bureau-of-canada-reveals-ontario-s-top-10-costliest-cities-for-auto-theft-claims - Statistics Canada. “Impacts of rising costs and claims on personal automobile insurance.” Published April 2, 2025.
https://www150.statcan.gc.ca/n1/pub/11-621-m/11-621-m2025003-eng.htm - CityNews Ottawa. “Ontario’s most stolen vehicles in 2024” (report attributed to Équité Association with Ontario top 10 and counts). Posted November 18, 2025.
https://ottawa.citynews.ca/2025/11/18/ontarios-most-stolen-vehicles-in-2024/
About the Author: ALAN ISIK
