Coupe Car Insurance
A coupe is a car that has a fixed roof with limited rear space. Coupes often have sloping rear rooflines and usually come with two doors.
A coupe is often considered a more exciting version of a car than a sedan. They’re sometimes referred to as sports cars and purchased by enthusiasts who want a fun yet practical ride. Some coupes are simply two-door variants of four-door family sedans, like the Ford Focus series. Others exist as a single line of cars without any four-door version.
This page gives you an opportunity to compare insurance rates for Honda, MINI, BMW, Ford and Dodge coupes.
How Much Does It Cost to Insure a Coupe in Ontario?
Based on our internal data, coupe insurance ranges from $2,065 for a Dodge Challenger SXT 2Dr in Oakville to $4,050 for a Ford Mustang 2Dr in Brampton.
The premiums below are based on a standard driver profile of someone aged 35 to 44, with at least five years of driving experience, a clean driving record and full car insurance coverage ($1 million in third-party liability and $1,000 deductibles for Comprehensive and Collision coverage).
| Coupe model | City | Estimated annual premium |
|---|---|---|
| Honda Accord EX-L V6 2Dr | Mississauga | $3,617 |
| MINI Cooper S 2Dr | Mississauga | $3,146 |
| BMW 435i xDrive 2Dr AWD | Toronto | $2,575 |
| Ford Mustang 2Dr | Brampton | $4,050 |
| Dodge Challenger SXT 2Dr | Oakville | $2,065 |
| Honda Accord Touring 2Dr | Kitchener | $2,128 |
What Coverages Should Coupe Owners Consider?
The right coverage for your coupe will depend on your vehicle’s value, how you’re financing it and how it is being used. Below are several coverages that coupe owners may want to consider:
- Collision: This optional coverage applies if your vehicle is damaged because of a rollover or when it hits an object or another car.
- Comprehensive: This optional coverage applies to losses that aren’t related to a collision, such as fire, theft, vandalism, hail or objects falling on your coupe. Be sure to review the details of this coverage with your agent or broker.
- OPCF 20 – Transportation Replacement (Loss of Use): If your coupe is damaged as a result of a covered insurance claim, OPCF 20 provides coverage for public transportation and/or rental-car charges while repairs are being made.
- OPCF 43 – Depreciation Waiver: This removes the insurer’s right to deduct depreciation when settling an eligible claim.
Read More: Other Coverages Available to Ontario Drivers
How to Save Money When Insuring Your Coupe
Coupe insurance can be expensive, but there are some things you can do to reduce the price:
- Get quotes from several insurance companies. Two different companies may insure the same coupe at different rates. Make sure to compare annual costs, not just monthly payments, and include any financing fees.
- Ask about discounts. Many insurance companies offer discounts if you have more than one policy with them or insure more than one vehicle. Other discounts may be available for anti-theft devices, winter tires, low annual kilometres and approved tracking devices. Ask if there are any discounts you’re eligible for.
- Raise your deductible. If you can easily pay a larger amount when making a claim, consider raising your deductible for a lower premium.
- Re-evaluate optional coverage. Comprehensive and Collision insurance can be costly but may not always make sense if your coupe is older and not worth much. Calculate what you would be replacing—the value of the coupe—and decide whether Collision and Comprehensive coverage are worthwhile.
Frequently Asked Coupe Insurance Questions
Does a Coupe Automatically Cost More to Insure?
Not necessarily. According to the table above, two of the six coupes are below Ontario’s $2,345 benchmark and four are above it. The city and vehicle both contribute to that split, while the driver, coverage and insurer continue to affect an individual premium
.
Will Safety Equipment Always Earn a Discount?
There is no single insurance discount that applies in every situation. Different insurance companies rate vehicles differently. Find out how your insurer rates your vehicle and what its physical-damage coverage will actually cost.
