Nine of the 10 Cars on Ontario’s Top Theft List Exceed the Provincial Median for Car Insurance Costs
Auto thefts have been declining in Ontario, according to the latest province-wide data from Statistics Canada. The risk, however, varies considerably depending on where a car is parked. MyChoice’s latest analysis of police open data revealed significant differences between neighbourhoods in both Toronto and Ottawa. In other words, a province-wide decline does not necessarily translate into the same level of improvement for every driver, car or postal code.
While the decline is encouraging, the financial impact of the auto-theft surge in recent years has not fully disappeared. Ontario drivers who own frequently targeted vehicles may still face higher insurance premiums.
To confirm this notion and see whether frequently stolen vehicles carry higher insurance premiums, our team at MyChoice took Équité Association’s list of Ontario’s 10 most-stolen vehicles and examined how much each car costs to insure in Ontario. We then compared the results against Ontario’s 2026 median annual premium of $2,345.
We looked through our database of 50,000 Ontario quotes collected through MyChoice.ca since the beginning of 2026 and focused on a standard driver profile to make the comparison consistent. The profile is of a 35- to 44-year-old driver with a clean driving record, continuous insurance history, and full coverage ($1 million in liability and a $1,000 deductible).
Key Findings from the Study
- We found that nine of Ontario’s 10 most-stolen vehicles have premiums above the Ontario median.
- The median premium across the list is $2,654, which is $309 or 13.18% above the Ontario benchmark.
- The Range Rover has the highest estimated premium at $4,068, 73.48% above the Ontario median.
- The Toyota Tundra has the highest theft rate at 3.64%, followed by the Range Rover at 3.48%.
- The Ram 1500 ranks second by total thefts but is the only vehicle with an estimated premium below the Ontario median.
- Nine of the 10 vehicles are SUVs or pickup trucks. The Honda Civic is the only passenger car.
- Collectively, the 10 vehicle groups accounted for 10,148 thefts among approximately 1.48 million insured vehicles in 2024.
What Ontario’s Most-Stolen Vehicles Cost to Insure
“Our findings show that declining auto theft does not necessarily mean its financial effects have fully disappeared,” says Aren Mirzaian, CEO of MyChoice. “For consumers, the practical question is not simply whether their vehicle appears on a most-stolen list, but what protection they would have if it disappeared tomorrow. Comprehensive and all-perils coverages respond to theft, yet they are optional in Ontario unless a lender or leasing company requires them. Drivers should understand their deductible, how their vehicle would be valued, and whether they could absorb the loss without that coverage.”
Why Are These Vehicles Targeted?
Most vehicles on the top-stolen list share the two characteristics below that make them attractive targets.
High Resale Price and Export Demand
Newer SUVs and pickup trucks tend to retain their value and have strong demand in Canada and abroad. Équité specifically says that newer SUVs with keyless security vulnerabilities are prime targets for organized theft networks, particularly in Ontario and Quebec. It points to demand, international serviceability, and resale value as factors that can increase the potential profit from an illegally sold vehicle.
Approximately 40% of vehicles stolen in Canada in 2024 were not recovered. Those vehicles may be exported, given a false vehicle identification number, and resold, or dismantled so their parts can be sold through illegal chop shops.
Read More: What Happens When Your Car is Stolen Then Found?
Keyless-entry Vulnerabilities
Modern immobilizers are intended to prevent a vehicle from starting without an authorized key, but car thieves tend to bypass them electronically.
Innovation, Science and Economic Development Canada has identified several devices that vehicle thieves can misuse.
- Relay devices that capture or extend the signal from a nearby key fob.
- On-board diagnostic programmers that can be used to create a new key.
- Programmable key fobs.
- Devices that communicate with or attempt to bypass the immobilizer.
- Smart-key emulators programmed with vehicle make and model information.
In a relay attack, one device detects the signal from a key stored inside a home while another transmits it near the vehicle. The vehicle may interpret the relayed signal as the authorized key being present.
How Comprehensive Coverage Helps After a Theft
Comprehensive coverage is the part of your Ontario auto insurance policy that responds when an insured vehicle is stolen or damaged during an attempted theft. It can also cover risks such as vandalism, fire, falling objects and severe weather.
According to MyChoice’s Ontario car insurance data, comprehensive coverage accounts for approximately $196.76 or 8.39% of the province’s $2,345 median annual premium.
Comprehensive coverage is optional in Ontario, but it may be required when a vehicle is financed or leased. Without comprehensive or all-perils coverage, a driver may have no coverage for the value of a stolen vehicle under their auto policy.
Owners of frequently stolen vehicles should check:
- Their comprehensive deductible.
- Whether the insurer imposes a theft surcharge.
- Whether an approved tracker or immobilizer is required.
- How the insurer would determine the vehicle’s value after a theft.
- Whether depreciation protection is available for a newer vehicle.
- Whether the policy includes temporary transportation following a covered theft.
What Drivers Can Do to Stay Protected
It’s impossible to fully eliminate the theft risk, but you can make your vehicle a less convenient target.
According to York Regional Police, the following practical measures can reduce the likelihood of your car being stolen:
- Store key fobs away from exterior doors and inside a signal-blocking Faraday bag.
- Use a visible steering-wheel lock.
- Install a GPS tracker or professionally installed kill switch.
- Park in a locked garage when possible.
- Keep the vehicle locked, even when it is parked inside a garage.
- Use exterior lighting and security cameras.
- Never leave a spare key inside the vehicle.
View our list of the top 10 anti-theft devices that may lower your car insurance rate. Talk to your insurer first to see if you can qualify for a discount.