Key Facts About Insuring a Toyota in Ontario
The figures below are based on MyChoice’s proprietary online quote data collected from Toyota drivers in Ontario in 2026.
| Average Toyota insurance premium (Ontario): | $2,209 |
| Cheapest Toyota model to insure: | Matrix ($1,619) |
| Most expensive Toyota model to insure: | Camry ($2,463) |
| Cheaper alternatives to Toyota for car insurance: | Mitsubishi ($1,519), Fiat ($1,612), Volkswagen ($1,644), Subaru ($1,702) |
| Toyota collision rate in Ontario: | 9.9% of Toyota drivers have ≥1 at-fault accident |
How Much Does it Cost to Insure Your Toyota in Canada?
On average, it costs about $2,209 per year to insure a Toyota in Ontario, but where you live changes that figure dramatically. Dense, high-claims cities such as Brampton sit well above the provincial average, while smaller markets like Kitchener come in below it.
Here is the estimated average annual Toyota premium across major Ontario cities:
| City | Average Annual Insurance Premium |
|---|---|
| Brampton, ON | $3,597 |
| Scarborough, ON | $3,157 |
| Vaughan, ON | $2,802 |
| Mississauga, ON | $2,585 |
| Markham, ON | $2,450 |
| Toronto, ON | $2,433 |
| Barrie, ON | $2,194 |
| Oshawa, ON | $2,193 |
| London, ON | $2,111 |
| Windsor, ON | $2,108 |
| Thunder Bay, ON | $2,106 |
| Hamilton, ON | $1,937 |
| Sudbury, ON | $1,908 |
| Kitchener, ON | $1,875 |
| Kingston, ON | $1,801 |
| Ottawa, ON | $1,741 |
How Toyota Car Insurance Costs Compare to Similar Vehicle Brands
When selecting a vehicle, many buyers weigh the insurance rates of different brands against each other, since insurance costs can significantly influence the decision. Based on our internal Ontario quote data, Toyota sits in a moderate price band relative to comparable brands. Toyota insurance generally costs more than Mini, Hyundai, Lexus, but less than Volvo, Honda, Audi.
Here’s how the average annual Ontario premiums compare:
| Car Model | Average Annual Insurance Premium |
|---|---|
| Mini | $2,122 |
| Hyundai | $2,181 |
| Lexus | $2,206 |
| Toyota | $2,209 |
| Volvo | $2,227 |
| Honda | $2,237 |
| Audi | $2,311 |
Toyota Car Insurance Rates Through The Years
Insurance premiums for this vehicle have increased by approximately 23% since 2020, rising from $1,790 to $2,209 in 2026.
While premiums generally trended upward throughout the period, drivers experienced a brief decline in one year before rates resumed their climb.
| Year | Average Annual Insurance Premium | YoY Change |
|---|---|---|
| 2020 | $1,790 | — |
| 2021 | $1,898 | +6.0% |
| 2022 | $2,012 | +6.0% |
| 2023 | $1,982 | -1.5% |
| 2024 | $2,088 | +5.3% |
| 2025 | $2,131 | +2.1% |
| 2026 | $2,209 | +3.7% |
Toyota Car Insurance Rates by Model
The Toyota model you drive moves your premium meaningfully. Among popular Toyota models in our data, the Matrix is the cheapest to insure while the Camry sits at the top — sportier and pricier-to-repair models cost more.
Below are average annual Ontario premiums for the most-quoted Toyota models:
| Model | Average Annual Insurance Premium |
|---|---|
| Matrix | $1,619 |
| Yaris | $1,703 |
| Sienna | $1,785 |
| Prius | $1,871 |
| Rav4 | $2,118 |
| Highlander | $2,207 |
| Corolla | $2,366 |
| Camry | $2,463 |
Most Popular Toyota Vehicles
Below are some of the most popular Toyota car models in Canada:
Toyota Insurance FAQs
Do I need insurance for my Toyota in Canada?
Car insurance is mandatory in Canada for all vehicles, including Toyotas. Before driving, drivers must have a valid insurance policy meeting their province’s minimum coverage requirements before driving.
Which Toyota model is the cheapest to insure?
The Toyota Matrix is the most affordable model to insure in Ontario, with an average annual premium of $1,619.