Insurance companies do not just look at horsepower or price tags. They study theft risk, repair costs, accident data and how expensive a vehicle is to put back together after even a small collision. Some models end up with shockingly high premiums even though they are not exotic supercars. These ten vehicles consistently sit at the top of Canada’s insurance charts, and the reasons might surprise you.
Dodge Charger
The Charger carries a high theft rate across Canada which immediately pushes premiums upward. Parts are expensive and the big body suffers heavy damage in collisions. The car appeals to younger performance minded drivers which insurers treat as a risk multiplier. Even V6 models inherit the high rates because the model line itself sits in a high risk category.
Dodge Challenger
The Challenger faces the same challenges as its four door sibling. Theft rates remain high and the wide fenders and long doors create costly repairs after even modest accidents. The car’s reputation for spirited driving behaviour adds more risk from an insurer’s perspective. It looks bold, sounds great and unfortunately attracts steep premiums everywhere.
GMC Sierra 1500
Pickup trucks often surprise owners with high insurance costs. The Sierra is expensive to repair because large panels, tall beds and complex front ends raise body shop bills. Its popularity makes it a top target for thieves in several provinces. Combine those factors with high replacement values and premiums climb quickly even on modest trims.
Ford F 150
Canada’s best selling truck is also one of the most expensive to insure. Theft statistics remain high, especially in Ontario and Alberta. Modern F 150s use advanced aluminium bodywork which costs more to repair after collisions. These two factors alone give insurers reason to push premiums higher than buyers expect.
Honda Civic
The Civic is one of the most stolen cars in Canada which keeps premiums elevated across all generations. Even though the model is reliable and fuel efficient, insurance companies treat it as high exposure because thieves love them for parts and resale. A clean driving record helps but the model’s risk category remains stubbornly high.
Toyota Highlander
The Highlander carries high premiums because of expensive parts and a growing theft problem across major Canadian cities. Its hybrid systems add complexity and repair costs when accidents involve front end electronics. Families trust these SUVs, but insurers know how costly they are to put back together which inflates premiums.
Lexus RX
The RX is one of Canada’s most stolen luxury vehicles. Thieves target it for export because demand overseas is huge. Premiums reflect the risk of total loss claims and the high price of replacement parts. Even cautious drivers pay heavily simply because the RX sits at the centre of organized theft trends nationwide.
Chevrolet Silverado
Like the Sierra, the Silverado faces high premiums due to strong theft rates and expensive collision repairs. Large trucks cost more to fix, require more labour hours and often sustain heavy damage in accidents involving trailers or work equipment. Insurers see them as high exposure vehicles especially in rural provinces where theft remains aggressive.
Jeep Wrangler
The Wrangler carries high insurance for a different reason. Its boxy shape and higher centre of gravity lead to more rollover related claims. Parts are costly and owners often modify them which insurers treat as an additional risk. Even stock Wranglers attract higher premiums because accident repair costs remain consistently high.
Kia Stinger
The Stinger is not a supercar, but insurers treat it like one. Its powerful engines, rear wheel drive layout and sporty appeal push it into a higher performance category. Replacement parts for the Stinger’s unique body panels cost more than many sedans in its class. Even cautious owners face strong premiums simply because of what the car is designed to do.
25 Facts About Car Loans That Most Drivers Don’t Realize
Car loans are one of the most common ways people fund car purchases. Like any other kind of loan, car loans can have certain features that can be regarded as an advantage or a disadvantage to the borrower. Understanding all essential facts about car loans and how they work to ensure that you get the best deal for your financial situation is essential. Here are 25 shocking facts about car loans that most drivers don’t realize:
25 Facts About Car Loans That Most Drivers Don’t Realize
