The cost of car insurance is influenced by many factors, including the make and model of the car. Some cars are more expensive to insure than others due to factors like their cost, safety features, and likelihood of theft. Here are some of the most expensive cars to insure in Ontario:
- BMW M5: The BMW M5 is a high-performance luxury sedan that is known for its power and speed. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $3,500 per year.
- Mercedes-Benz S-Class: The Mercedes-Benz S-Class is a flagship luxury sedan that is known for its premium features and high-quality construction. Its advanced safety features and high value can lead to higher insurance rates, with average rates of around $3,200 per year.
- Audi R8: The Audi R8 is a high-performance sports car that is known for its sleek design and impressive speed. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $3,100 per year.
- Porsche 911: The Porsche 911 is a classic sports car that is known for its performance and handling. Its high value and performance capabilities can lead to higher insurance rates, with average rates of around $2,900 per year.
- Tesla Model S: The Tesla Model S is an electric luxury sedan that is known for its advanced technology and eco-friendly features. Its high value and advanced safety features can lead to higher insurance rates, with average rates of around $2,700 per year.
- Dodge Challenger SRT Hellcat: The Dodge Challenger SRT Hellcat is a high-performance muscle car that is known for its powerful engine and aggressive design. Due to its high horsepower and value, it can be expensive to insure, with average rates of around $2,600 per year.
- Chevrolet Corvette: The Chevrolet Corvette is an iconic sports car that is known for its performance and speed. Its high value and performance capabilities can lead to higher insurance rates, with average rates of around $2,500 per year.
- Ford Mustang Shelby GT350: The Ford Mustang Shelby GT350 is a high-performance muscle car that is known for its power and speed. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $2,400 per year.
- BMW 7 Series: The BMW 7 Series is a luxury sedan that is known for its advanced technology and premium features. Its high value and advanced safety features can lead to higher insurance rates, with average rates of around $2,200 per year.
- Land Rover Range Rover: The Land Rover Range Rover is a luxury SUV that is known for its advanced features and off-road capabilities. Its high value and advanced safety features can lead to higher insurance rates, with average rates of around $2,100 per year.
- Lexus LC: The Lexus LC is a luxury sports car that is known for its sleek design and advanced features. Its high value and performance capabilities can lead to higher insurance rates, with average rates of around $2,000 per year.
- Mercedes-AMG GT: The Mercedes-AMG GT is a high-performance sports car that is known for its power and speed. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $1,900 per year.
- Nissan GT-R: The Nissan GT-R is a high-performance sports car that is known for its power and handling. Its high value and performance capabilities can lead to higher insurance rates, with average rates of around $1,800 per year.
- Audi RS7: The Audi RS7 is a high-performance luxury sedan that is known for its power and speed. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $1,700 per year.
- Chevrolet Camaro SS: The Chevrolet Camaro SS is a high-performance muscle car that is known for its power and handling. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $1,600 per year.
- Porsche Panamera: The Porsche Panamera is a luxury sports sedan that is known for its performance and handling. Its high value and performance capabilities can lead to higher insurance rates, with average rates of around $1,500 per year.
- BMW X6: The BMW X6 is a luxury crossover SUV that is known for its advanced technology and premium features. Its high value and advanced safety features can lead to higher insurance rates, with average rates of around $1,400 per year.
- Ford F-150 Raptor: The Ford F-150 Raptor is a high-performance pickup truck that is known for its off-road capabilities and power. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $1,300 per year.
- Audi Q7: The Audi Q7 is a luxury SUV that is known for its premium features and advanced technology. Its high value and advanced safety features can lead to higher insurance rates, with average rates of around $1,200 per year.
- Toyota Sequoia: The Toyota Sequoia is a full-size SUV that is known for its spacious interior and towing capabilities. Due to its size and power, it can be expensive to insure, with average rates of around $1,100 per year.
- BMW M4: The BMW M4 is a high-performance sports car that is known for its speed and handling. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $1,000 per year.
- Chevrolet Tahoe: The Chevrolet Tahoe is a full-size SUV that is known for its spacious interior and towing capabilities. Due to its size and power, it can be expensive to insure, with average rates of around $950 per year.
- Lexus RX: The Lexus RX is a luxury crossover SUV that is known for its advanced features and comfort. Its high value and advanced safety features can lead to higher insurance rates, with average rates of around $900 per year.
- Acura NSX: The Acura NSX is a high-performance sports car that is known for its speed and handling. Due to its high value and performance capabilities, it can be expensive to insure, with average rates of around $800 per year.
- Range Rover Sport: The Range Rover Sport is a luxury SUV that is known for its off-road capabilities and premium features. Its high value and advanced safety features can lead to higher insurance rates, with average rates of around $750 per year.
It’s important to keep in mind that the cost of insurance for any given car can vary widely depending on a number of factors, including your location, driving record, and other personal factors. As always, it’s a good idea to shop around and compare quotes from multiple providers to find the best coverage and rates for your needs.