Insurance Prices for Luxury Vehicles (Ferrari, Porsche, Corvette) in 2026

It is the dream of many people to own a luxury vehicle. These very beautiful cars include Ferraris, Lamborghinis, Jaguars, Porsches, etc.

We know that these vehicles are very expensive to buy, but a question that few people ask themselves and which is important: how much does car insurance cost for a luxury vehicle?

We therefore challenged our partners to do price simulations with some of the most expensive vehicles on the market.

Here you will find all the information you need to know about auto insurance for luxury cars as well as more than 100 price examples for some very popular vehicles.

What are the most popular brands of luxury vehicles in Canada?

There are so many brands of luxury vehicles manufactured from all over the world. We often hear about Italian cars, German cars, American cars, Japanese cars, etc.

In Canada, some models are extremely popular and enjoy an excellent reputation. Here are some examples:

Ferrari
Porsche
Lamborghini
Jaguar
Alfa Romeo
Corvette
Audi
Mercedes Benz
BMW
Aston Martin
Maserati

Of course, these are vehicles with exorbitant selling prices and reserved for an extremely well-off clientele.

What auto insurance products are offered for luxury vehicles?

In auto insurance, motorists have the choice of two types of insurance – civil liability insurance or all-risk protection.

Liability insurance, also called Chapter A, is one-way insurance that only covers damage to third-party vehicles in the event of an accident. This is REALLY NOT suitable for luxury vehicles.

The majority of luxury vehicle owners will choose all-risk insurance which includes Chapter A and B, and offers 2-way insurance protection. You will then have maximum coverage for damage to other vehicles or property in an accident wherein you are at fault. At the same time, the damage to your own vehicle will also be covered.

What are the requirements for car insurance for luxury vehicles?

Insuring a vehicle from $150,000 to $500,000, does it come with any special features with insurers in Quebec? The answer is yes.

Further analysis of the vehicle may be required before the risk is accepted, and certain conditions may be requested.

In general, here are the elements often requested by insurers:

Mandatory tag system

An anti-theft security device may be required on the vehicle in order to drastically reduce the risk of theft.

Minimum deductible of $5000
A higher deductible amount may be required to limit claims.

What risks are covered in auto insurance for vehicles worth over $100,000?

What risks and claims are covered by an auto insurance policies specially designed for vehicles worth over $100,000?

In fact, the risks are the same as for any other type of vehicle, but the damages in the event of a claim are only more expensive.

Among the risks covered by most policies are:

Theft and vandalism;
Fire and explosion;
Wind and Hail;
Accident/Crash;
Collision and rollover;
Shock from objects.

Car insurance price simulation for luxury vehicles – Compare 100 examples

It is practically impossible to find specific examples of car insurance prices online for luxury vehicles like Ferraris, Porsches, Lamborghinis, etc.

To solve this problem, we asked our partners to create “typical” customer profiles and to do simulations. Here you will find the results (for information only) grouping more than 100 price examples.

The parameters used to calculate the premiums are:

2-way insurance
$2,000,000 civil liability
$500 deductible in the event of at-fault collision
$250 deductible for other risks
15,000 kilometers per year
15 km away from work

The 4 driver profiles used to calculate the premiums:

Driver #1

25-year-old man – Quebec Region

Driver #2

35-year-old woman – Sherbrooke region

Driver #3

45-year-old man – Montérégie region

Driver #4

55-year-old woman – Chaudières-Appalaches region