Ontario auto-insurance guide

How vehicle choice affects Ontario insurance cost

A vehicle's repair cost, theft experience, safety/claims history and use can influence the premium.

VehiclePremium

Updated for Ontario rules in force August 11, 2026 · Megan R. Fairview

Get a quote before buying

Do not assume two vehicles of similar purchase price cost the same to insure.

Theft exposure matters

FSRA specifically notes that vehicles with higher theft rates can cost more to insure.

Trim and technology can matter

Sensors, lighting, body panels and advanced systems can change repair costs.

Financing can affect coverage choices

A financed or leased vehicle may need physical-damage coverage under the lending/lease agreement.

Ontario-specific educational summary. Your actual rights and coverage come from the Insurance Act, regulations, the current Ontario Automobile Policy (OAP 1), your certificate, endorsements and the facts of the claim. Do not change coverage based only on a general web article.