10 Cars Canadian Insurers Charge Up to C$500 MORE to Cover — Is Yours One?

Some Ontario insurers now add up to $500 a year to the comprehensive part of your premium if you drive a high theft vehicle and don't have an approved tracker installed. Auto theft is falling in Canada, but the ten vehicles thieves took most are still costing their owners money every renewal. In this video: - The latest national top 10 most stolen vehicles from Equite Association, ranked by what each one costs an insurer in theft every year - Chevrolet Silverado and GMC Sierra, Honda Civic, Ford F-150, Honda CR-V, Toyota RAV4, Ram 1500, Toyota Highlander, Jeep Wrangler, Lexus RX, and the number one vehicle (the only one whose theft cost runs past the whole surcharge) - What the high theft vehicle surcharge is, which coverage it hits, and what does and doesn't get it removed - Why the most stolen vehicle isn't the one with the worst odds - The keyless and wiring attacks behind many of these thefts, and the warning signs to look for - The Quebec insurers' $72 million lawsuit against three carmakers - The federal anti-theft standard Ottawa has proposed, and why it won't reach the vehicle in your driveway - How to get the surcharge off your bill, and how to avoid buying a re-VINed vehicle Surcharges, approved devices and high theft lists vary by insurer, province and postal code, and they change. This is general information, not financial or insurance advice. Check your own policy with your broker. The lawsuit allegations have not been proven in court. Has your insurer asked you to install a tracker? Tell me what you drive and which province you're in. #canadacars #cartheft #carinsurance