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High Insurance Premiums Persist Despite Drop in Vehicle Thefts

10/20/2025

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Stolen Vehicle Premiums

In Canada, insurance premiums for frequently stolen vehicles remain high despite a 19.1% drop in thefts in early 2025.
Drivers of these vehicles face average premiums 19% higher, with surcharges of $500 to $1,500.
For example, a 2021 Honda CR-V costs $400 more annually to insure than a Nissan Rogue.
Skipping collision and comprehensive coverage can save money but leaves drivers liable for significant repair or replacement costs if stolen.

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Stephane Faces Premium Surge

In New York, Stephane saw his car insurance premium triple after moving from suburban Atlanta, despite keeping the same vehicle, driving record, and coverage.
This rise highlights substantial regional differences in auto insurance pricing and suggests that where a driver lives can drive costs up or down.
The outcome underscores relocation’s impact on affordability for drivers and may influence decisions for those comparing policies.

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Stolen Vehicle Premiums

In Canada, insurance premiums for frequently stolen vehicles remain high despite a 19.1% drop in thefts in early 2025.
Drivers of these vehicles face average premiums 19% higher, with surcharges of $500 to $1,500.
For example, a 2021 Honda CR-V costs $400 more annually to insure than a Nissan Rogue.
Skipping collision and comprehensive coverage can save money but leaves drivers liable for significant repair or replacement costs if stolen.

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