Due to the current unprecedented rise in vehicle thefts, starting September 1, 2023, Ontario drivers will face a brand-new substantial surcharge to their already high insurance premiums on many top selling vehicle models.
Most people still think that only luxury vehicles and brands are targeted by thieves. The reality is this surcharge affects many of the vehicles that you and your neighbours are driving to work everyday.
This means anytime a customer purchases a high-risk vehicle they will be hit with a massive premium surcharge on their auto insurance, anywhere from $500- $2,500 annually. This surcharge can only be waived if the customer installs an insurance recognized theft solution. Unfortunately, manufacturer installed GPS/Navigation systems do not qualify for waiver of this insurance surcharge.
