Insurance rates in Canada are changing fast, and not always for the better. As repair costs rise, theft rates surge, and insurers reassess high-risk models, some vehicles are becoming increasingly expensive to maintain on the road. From luxury SUVs to performance sedans and even popular family crossovers, the vehicles on this list are facing projected insurance hikes that could cost Canadian drivers thousands more annually. Here are 20 vehicles that will cost you thousands more to insure in Canada by 2026:
Dodge Charger SRT Hellcat
With over 700 horsepower and aggressive styling, the Charger Hellcat turns heads and attracts theft. Insurers in Canada are responding to the increase in claims, particularly in Ontario and Quebec, by significantly increasing premiums. Its replacement parts are costly, and its accident risk profile is high. Combined with a growing black-market demand for high-powered muscle cars, rates for the Charger SRT Hellcat are expected to surge by 2026. Even drivers with clean records are being quoted premiums well above average, making this performance sedan increasingly expensive to keep insured.
Hyundai Elantra (2020–2023)
While the Hyundai Elantra has long been a favorite among budget-conscious Canadians, recent theft trends have elevated it to high-risk status for insurers. The popularity of TikTok car-theft hacks targeting Hyundai models has had a measurable impact in provinces like Ontario and Alberta. Insurers are responding with rate increases, especially for models without immobilizers or aftermarket protection. By 2026, owning an Elantra could mean paying a premium far beyond what you would expect for a compact car, simply because of its vulnerability and high claim volume.
Toyota Highlander Hybrid
Though praised for fuel efficiency and reliability, the Toyota Highlander Hybrid is facing higher insurance rates due to the high cost of battery system repairs. Insurers note that even minor collisions can result in complex and expensive repairs due to the vehicle’s hybrid drivetrain and advanced safety tech. With labor and parts shortages affecting the EV and hybrid sectors in Canada, repair timelines are also longer, further impacting premiums. Owners can expect insurance costs for this family favorite to climb by 2026, especially if you live in an urban area.
Honda Civic (2018–2023)
The Civic remains one of Canada’s top-selling vehicles, but it is also one of the most frequently stolen. Despite its reputation for reliability, insurers are flagging newer Civic models as high-risk, particularly in cities like Toronto and Montreal that are prone to theft. Repair costs have also increased, especially for trims equipped with Honda Sensing safety tech. Combine that with tight parts availability and rising claims, and the Civic’s historically affordable premiums are rapidly vanishing. If trends hold, by 2026, insuring a Civic might cost more than a mid-size SUV.
BMW X5 (2021–2024)
Luxury SUVs, such as the BMW X5, are becoming magnets for both thieves and high repair bills. With its complex electronics, imported parts, and high sticker price, even minor accidents lead to expensive claims. Canadian insurers are reacting by significantly increasing premiums for X5 owners, especially in urban centers. Theft spikes in cities like Toronto and Vancouver have also driven up rates, and for those eyeing a used or new X5, be prepared for insurance costs that could rival those of high-end sports cars.
Tesla Model 3
While Tesla’s Model 3 is an EV success story, its insurance costs in Canada are rising fast. Repairs are often specialized and require certified shops, which are limited in some provinces. Even minor damage can lead to expensive and lengthy repairs due to the car’s tech-heavy build. Parts delays are another issue, especially in rural areas, and some insurers are even charging a premium just for insuring Teslas, citing higher average claim amounts. Expect the Model 3’s premiums to increase significantly by 2026 as EV repair realities become more widespread.
Ford F-150 (2021–2024)
Canada’s best-selling truck is also one of its most expensive to insure, especially newer models with aluminum bodies and high-tech features. The F-150 is a frequent target for theft and is involved in a high number of claims, from collisions to vandalism. Repairing aluminum panels can be more costly than repairing standard steel, and insurers are adjusting their rates accordingly. Canadians can expect rates to continue climbing as the F-150 evolves into a more complex and premium vehicle. By 2026, even base models could carry insurance premiums that rival those of some luxury sedans.
Kia Sportage (2021–2023)
Affordable and stylish, the Kia Sportage has grown in popularity, but so has its risk profile. Insurers have flagged recent models for high theft rates and costly repairs due to a scarcity of parts. Like its Hyundai cousins, the Sportage is being targeted by digital theft techniques, especially in Ontario and Manitoba. As these patterns persist, premiums are rising across the board, and by 2026, insuring a Sportage could cost as much as insuring a higher-end SUV, making it less of a bargain than it initially appears to be.
Jeep Grand Cherokee
The Jeep Grand Cherokee’s combination of off-road capability and urban luxury makes it a favorite among Canadian families, but insurers are sounding the alarm. It is one of the top stolen vehicles in many provinces and has high repair costs due to its technologically advanced interior and complex drivetrain. Premium trims, especially with V8s or plug-in hybrid powertrains, are even more expensive to insure, meaning that by 2026, this Jeep could be among the top 10 most expensive vehicles to insure in the country, according to several industry projections.
Subaru WRX
Built for performance and winter driving, the Subaru WRX has a loyal Canadian fan base, but also a reputation that makes insurers wary. High-speed claims, costly repairs, and a youthful driver demographic mean the WRX often appears on high-risk lists, as even older models are seeing insurance premiums rise due to an increase in theft and modification-related claims. If you’re planning to drive a WRX daily, expect your annual insurance bill to climb, especially if you’re under 30 or live in a metro area with elevated rates.
Lexus RX 350
Once considered a low-risk premium SUV, the Lexus RX 350 is now seeing rising insurance costs across Canada. Its popularity with both drivers and thieves is to blame, and it is one of the most stolen luxury vehicles in the Greater Toronto Area. The RX’s advanced driver-assist features and imported parts make even minor damage costly to repair, and insurers are adjusting premiums upward as labor shortages and extended tech repair times further stretch claims. If you’re holding onto an RX or thinking of buying one, expect a hefty insurance premium increase by 2026, even for older models.
Chevrolet Silverado 1500
The Chevy Silverado 1500, a workhorse on Canadian roads, is becoming increasingly expensive to insure due to high theft rates, high repair costs, and a high frequency of claims. Trucks like the Silverado are commonly targeted for their resale value and utility in both rural and urban settings. Recent models feature more electronics and safety systems that drive up post-collision repair costs, while provinces like Alberta and Saskatchewan are seeing particularly sharp increases in insurance premiums. By 2026, insuring a Silverado may cost drivers more annually than some luxury crossovers, especially if it is used for commercial or heavy-duty work.
Toyota Corolla (2019–2023)
The Toyota Corolla has long been celebrated for reliability and affordability, but recent theft spikes have changed its insurance profile. Tech-savvy thieves are now targeting newer models with innovative entry systems, while higher repair costs and longer claim cycles, especially when sensors or hybrid components are involved, are pushing insurers to raise rates. It is still a practical choice for many Canadians. Still, the Corolla is no longer the low-premium safe bet it once was, and owners can expect higher insurance quotes through 2026, particularly in Ontario, Quebec, and British Columbia.
Acura RDX
The Acura RDX combines luxury and value, but owners may be in for a surprise when it comes time to renew their insurance. This compact luxury SUV is becoming a target for theft in cities like Toronto and Mississauga. Additionally, expensive collision repairs involving cameras, sensors, and imported parts have contributed to a rise in average claim costs. By 2026, insurance premiums for the RDX could climb steeply, especially for drivers under 35 or those in urban areas. Even older models are seeing rate bumps, as insurers look to recoup rising losses tied to this once-underrated SUV.
Ram 1500
With its bold design and loyal following, the Ram 1500 has become one of Canada’s most stolen and frequently claimed pickup trucks. Premium trims, such as the Limited or Rebel, have exceptionally high repair costs, with aluminum components and high-end technology driving up collision payouts. Insurance companies are increasingly pricing Ram trucks as high-risk, even when driven by experienced owners, while the rising theft rates in Ontario and Alberta have pushed premiums even higher.
Audi Q5
Luxury compact SUVs, such as the Audi Q5, have always been pricier to insure; however, 2025 and beyond are shaping up to be even more expensive. Rising theft rates, especially in suburban regions, and sky-high repair costs tied to proprietary tech and imported parts are pressuring insurers. The Q5’s popularity in Canada, particularly in affluent areas, also makes it a frequent claim source. Premiums are on track to increase sharply by 2026, even for older model years.
Nissan Rogue
The Nissan Rogue is one of Canada’s best-selling crossovers, but it is also becoming a liability for insurers. Models built between 2019 and 2023 have been frequently targeted for theft, and newer models are increasingly expensive to repair due to their safety tech and limited parts availability. Combined with rising accident claim frequencies, especially in urban areas, the Rogue’s insurance rates are trending sharply upward. Many drivers who bought the Rogue for its value are now feeling the squeeze, and they can expect premiums to rival those of much larger vehicles.
Mercedes-Benz GLC-Class
The GLC-Class is one of the most popular Mercedes-Benz models in Canada, but that popularity is a double-edged sword. The high-end technology and intricate parts make collision repairs expensive and time-consuming, while their appeal to thieves adds to the risk profile. Insurers are increasingly viewing the GLC as a high-cost liability, especially in provinces prone to theft, and even drivers with spotless records are reporting year-over-year premium increases. With parts shortages and increased claim severity, insurance for this compact luxury SUV is set to spike by 2026, making it a costlier ride than many expect.
Ford Mustang (2018–2023)
The Ford Mustang’s sporty reputation comes at a price. Younger drivers and high-speed claims mean the Mustang remains on many insurers’ high-risk lists, and collision and liability claims for this model are consistently above average in Canada. Premium trims, such as the GT or Mach 1, are even more expensive to insure due to their performance capabilities and associated repair costs. As repair labor and parts inflation continue to rise, premiums for Mustang owners are expected to climb significantly by 2026, especially in provinces with already high auto insurance rates.
Chevrolet Equinox
The Chevy Equinox is often marketed as a budget-friendly crossover, but insurance data tells a different story. It is one of the most commonly insured vehicles in Canada, which also makes it one of the most frequently claimed. Repairs are more expensive than they used to be, particularly for models equipped with advanced safety tech. High claim frequency and rising theft risk are prompting insurers to raise premiums, particularly in Ontario and British Columbia. By 2026, the Equinox could become one of the costliest mainstream crossovers to insure in its class.
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