Ontario’s vehicle registration and insurance costs vary depending on the vehicle’s make, model, year, engine type, and overall risk profile. Cars with high-performance engines, advanced technology, and repair difficulties incur higher costs. If you plan on buying a car, you must remember to account for these costs as they contribute to the overall costs of the vehicle. These are 20 cars that have shockingly high registration and insurance fees in Ontario:
BMW M5
BMW M5, one of the luxury high-performance sedans, came out in 1984. It is designed by BMW’s M division, with a 4.4-liter V8 twin-turbocharged engine, which produces tremendous horsepower and torque, going from 0 to 60 mph in about 3.2 seconds. Its interior includes Merino leather seats, ambient and adjustable lighting, and state-of-the-art technology like the iDrive system. The combination of performance, sophisticated engineering, and repair complexity comes at the cost of higher insurance of about $4,900 and registration costs of about $900 while still maintaining popularity among car enthusiasts.
Mercedes-Benz S-Class
The Mercedes-Benz S-Class was first introduced in 1972, a prestige luxury sedan designed by Friedrich Geiger. It is equipped with various engines, including a 4.0-liter V8 biturbo. The cabin features Nappa leather upholstery, a Burmester high-end 3D surround sound, and a sophisticated MBUX infotainment system. The S-Class can go from 0 to 60 mph in about 4.6 seconds, and it is equipped with the latest safety technologies and features, making it a premium sedan that incurs high insurance that can range between $4,900 to $10,000, as well as maintenance prices.
Dodge Challenger SRT Hellcat
Mark Trostle designed the Dodge Challenger SRT Hellcat muscle car, which was introduced in 2015. It features a supercharged 6.2-liter HEMI V8 engine, which produces vast horsepower. The interior blends retro looks and contemporary features, such as performance seats with Alcantara suede inserts and an 8.4-inch Uconnect touchscreen. The Hellcat can accelerate from 0 to 60 mph in approximately 3.6 seconds, which combines with its intimidating looks and unparalleled power to make it a street legend, but these characteristics also lead to high insurance costs in Ontario, with high registration costs of about $200 annually and insurance of about $4,500, made more expensive because of its muscle car ancestry.
Chevrolet Corvette
The Chevrolet Corvette is a venerable American sports car that originated in 1953. Today’s models carry a mid-mounted 6.2-liter V8, generating great balance and performance. The inside has luxury materials like a cockpit for drivers and complex infotainment systems. The Corvette can go from 0 to 60 mph in about 2.9 seconds. Its mid-engine design raises its handling and performance to the level of a track-capable monster. The car’s high-tech design and performance come at a higher price in Ontario for insurance, about $3,000 for older drivers, and registration of about $100.
Ford Mustang Shelby GT350
Engineered by Ford Performance, the Ford Mustang Shelby GT350 was launched in 2015 as a high-performance version of the Mustang. It has a 5.2-liter flat-plane crankshaft V8 engine, or “Voodoo” engine, that can go from 0 to 60 mph in around 4.0 seconds. The interior is also performance-driven, with Recaro sport seats and minimalist styling to cut weight. Its racing capability and legendary Mustang heritage make it highly desirable. Still, its highly technical engine and performance features result in high insurance costs and registration fees in Ontario, totaling $2,600 annually.
BMW 7 Series
Paul Bracq designed the BMW 7 Series, which was first introduced in 1977. It is a luxury full-size sedan with various engines, such as a 4.4-liter V8. Its interior is extravagant, with a Dakota leather-trimmed interior, panoramic sky lounge LED roof, and iDrive infotainment system with the latest tech features. The 7 Series can accelerate from 0 to 60 mph in 4.8 seconds while offering sophisticated technology and soft luxury that make it an icon. However, the high-end parts and repair costs of the 7 Series lead to high registration and insurance charges of over $5,000 per year.
Land Rover Range Rover
Launched in 1970, the Land Rover Range Rover is a luxury SUV that features numerous engines, a 5.0-liter V8 among them. It features a luxurious interior with spacious accommodation, Windsor leather seats, Meridian sound, and Touch Pro Duo infotainment. Range Rover’s speed from 0 to 60 mph takes around 5.1 seconds, which combines with its off-road potential and top-quality comfort to earn it a number-one spot in luxury SUVs. However, the vehicle’s luxury and high repair costs significantly increase its insurance and registration expenses, leading drivers to owe an additional $5,100 annually.
Lexus LC
Tadao Mori designed the Lexus LC, which was released in 2017. It is a grand tourer luxury vehicle equipped with a 5.0-liter V8 engine that accelerates from 0 to 60 mph in approximately 4.4 seconds. The interior has premium-quality materials, hand-stitched leather, and high-quality sound by Mark Levinson. Its breathtaking looks and meticulous attention to detail convert it into a supercar with premium features. However, these features and the car’s low production result in exorbitant insurance and registration costs.
Mercedes-AMG GT
The Mercedes-AMG GT is a high-performance sports car styled by Gorden Wagener and launched in 2014. It features a 4.0-liter V8 biturbo engine with impressive power and torque. The interior is driver-orientated with premium materials, AMG performance seats, and advanced infotainment systems. The AMG GT accelerates to 0-60 mph in approximately 3.7 seconds, and its track-refined performance and menacing appearance make it a driver’s fantasy vehicle. However, advanced engineering and expensive components raise insurance and registration fees in Ontario to approximately $2,000 per year.
Nissan GT-R
The Nissan GT-R, otherwise known as “Godzilla,” has since 2007 been a performance sports car since its introduction into the market. Developed by Shiro Nakamura, it is powered by twin-turbocharged V6 3.8-liter machinery with considerable power and pace, going from 0 to 60 mph in about 2.9 seconds. This terror couples aerodynamics with all-wheel drive for ultimate road handling everywhere. Its cutting-edge performance monitoring system allows the driver to follow every detail, such as G-forces and lap time. It also has luxury features such as leather-clad seats, a digital display of instruments in its specifications, and Bose sound, which add to the vehicle’s high insurance and registration costs, amounting to nearly $6,000 per year.
Audi RS7
The Audi RS7 was introduced in 2013. It is a high-performance luxury sedan that blends functionality with blazing velocity and features a 4.0-liter twin-turbo V8 engine. The all-wheel-drive Quattro system of the RS7 delivers power smoothly, offering precision even at speed, and the adaptive air suspension allows for easy cruising or firm handling at the touch of a button. Within, the RS7 is upscale with Valcona leather seats, carbon fiber accents, and a full digital Virtual Cockpit instrument cluster. It accelerates from 0 to 60 mph in 3.5 seconds, offering a car that combines luxury and power, making it one of Ontario’s most costly to insure, with prices ranging between $1,100 and $5,000 per year.
Porsche 911 Turbo
Designed by Porsche’s design department, the Porsche 911 Turbo was first introduced in 1975 and remains a symbol of performance and engineering. It has a 3.7-liter twin-turbocharged flat-six engine that delivers an iconic sprint from 0 to 60 mph in 2.7 seconds. The rear-engine design provides unmatched balance and handling, especially on cornering corners, while the active aerodynamics system provides high downforce at high speeds. The leather-appointed seats, a high-definition display screen, and a driver-focused cockpit blend sports car minimalism and opulence. The car delivers an incredible drive, but its luxury features and performance make it expensive to insure, costing between $2,000 to $6,000.
Tesla Model S Plaid
Out in 2021, the Tesla Model S Plaid is a technological marvel. Designed by Franz von Holzhausen, it is powered by a tri-motor electric powertrain. With over 1,000 horsepower, it is among the fastest production cars in the world. Its advanced Autopilot system features cutting-edge autonomous driving capabilities. The interior features a minimalist future design with a 17-inch touchscreen display, a yoke steering wheel, and luxury vegan leather seats. It is an electric monster that can accelerate from 0 to 60 mph in a staggering 1.99 seconds, costing a lot of money to insure, approximately $4,800, because of the difficulty of repairs and high technology.
Cadillac Escalade V
The Cadillac Escalade V was released in 2023 and is a supercharged luxury SUV. It was designed internally by Cadillac with a 6.2-liter supercharged V8 engine. This SUV brings muscle-car muscle with family-hauling space and tech. Magnetic Ride Control provides a silky-smooth ride at breakneck velocities. The interior is luxurious with hand-stitched leather, a 36-speaker AKG audio system, and a curved OLED display. It is a large vehicle, but it can accelerate from 0-60 mph in 4.4 seconds and is one of the most expensive SUVs to register and insure in Ontario, costing owners about $4,000 each year.
Lamborghini Urus
Mitja Borkert designed the Lamborghini Urus, which launched in 2018. It is a high-performance luxury SUV with a 4.0-liter twin-turbocharged V8 engine from 0 to 60 mph in 3.1 seconds. The car’s styling is inspired by Lamborghini’s supercar lineage, featuring sharp angles and a commanding stance while providing multiple driving modes, including one specifically for off-road adventures. The interior is equipped with leather and Alcantara finishes, customizable displays, and a fighter-jet-inspired start button. All these features give the Urus an exotic designation, and speed means skyrocketing insurance rates.
Maserati Levante Trofeo
Maserati’s 2018 Maserati Levante Trofeo is an Italian luxury SUV designed by Maserati’s Centro Stile. A 3.8-liter, twin-turbocharged V8 engine powers it. This SUV merges Italian craftsmanship with unadulterated performance. Its sophisticated all-wheel-drive technology enhances traction and handling on a range of surfaces. The interior features Ermenegildo Zegna silk accents, leather seats, and a state-of-the-art infotainment system. This SUV takes 3.8 seconds to go from 0 to 60 mph, which comes with astronomical insurance rates, ranging between $5,400 to $7,900 because it’s so rare and powerful.
Jaguar F-Type R
The 2014 Jaguar F-Type R is a high-end British sports car. Ian Callum designed it with a 5.0-liter supercharged V8 engine. The F-Type R boasts an ear-splitting exhaust note that’s as crude as its performance. It possesses an adaptive dynamics system for maximum handling in any situation. Under the bonnet are suede cloth and leather seatings, Touch Pro infotainment, and ambient illumination. It accelerates from 0 to 60 mph in 3.5 seconds and offers a peak performance that increases registration and insurance costs, which tend to exceed $4,400 annually.
Bentley Continental GT
The Bentley Continental GT was unveiled in 2003, representing the pinnacle of luxury grand touring. Designed by Dirk van Braeckel, it has a twin-turbocharged 6.0-liter W12 engine that provides a perfect blend of smooth acceleration of 0 to 60 mph in 3.3 seconds and opulent comfort. Its sophisticated all-wheel-drive system provides secure handling on any road surface. Its interior has opulent leather, polished wood veneers, and state-of-the-art multimedia systems, giving it its luxury grade. It makes it very costly to insure, repair, and register, costing owners around $2,000 to $5,000 annually.
Ferrari Portofino M
The Ferrari Portofino M is an Italian convertible car designed by Flavio Manzoni and launched in 2020. It has a 3.9-liter twin-turbocharged V8 engine. The hardtop folds back, converting the car from coupe to convertible in 14 seconds. With smart driver assistance and advanced aerodynamics, it provides speed and stability. The interior is a mix of sporty and luxurious with driver-assistance technology, a 10.25-inch infotainment touchscreen, and leather upholstery. This exotic vehicle has a 3.4-second 0 to 60 mph rate and high registration and insurance fees, ranging between $5,000 and $10,000 annually.
Rolls-Royce Ghost
The 2009-released Rolls-Royce Ghost is the pinnacle of luxury saloons. It was built by Andreas Thurner and was powered by a 6.75-liter twin-turbo V12 engine. The sophisticated air suspension system and a self-closing door system add to the car’s luxury features. The inside has lambswool carpets, sumptuous leather, and a starlight headliner. Though it has a smooth ride, it accelerates to 0-60 mph in just 4.6 seconds. It is one of the most expensive vehicles to cover, costing owners between $4,500 and $5,500 in insurance premiums, in Ontario due to its status as a luxury car and a technically complex one to repair.
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