What it costs by city
Ontario rates on where the vehicle is parked overnight. These estimates assume a full G licence, 10+ years licensed, no claims or tickets, a 2023 model year, $1,000 deductible and winter tires.
| Where it's parked | Estimated annual premium |
|---|---|
| Brampton | $4,510 – $7,220 |
| Scarborough | $3,430 – $5,480 |
| North York | $3,060 – $4,900 |
| Mississauga | $4,380 – $7,010 |
| Toronto (central) | $2,740 – $4,380 |
| Markham / Richmond Hill | $2,840 – $4,540 |
| Hamilton | $2,480 – $3,980 |
| Oakville / Burlington | $2,240 – $3,590 |
| Barrie | $2,120 – $3,400 |
| Kitchener / Waterloo | $2,060 – $3,300 |
| London | $2,060 – $3,300 |
| Ottawa | $2,000 – $3,200 |
| Kingston | $1,890 – $3,030 |
| Sudbury | $1,830 – $2,930 |
| Rural Ontario | $1,950 – $3,130 |
Estimated annual premium by area for a clean full-G driver. Pink marks the highest-rated territories, green the lowest.
Run your own numbers on the insurance cost estimator, or see how these figures are calculated.
Why the 3 Series rates the way it does
European luxury sedans carry two loadings at once: high repair costs and above-average theft interest. The 3 Series is the volume example.
Parts and specialist labour are expensive, and even moderate damage escalates quickly.
How fast it loses value
Depreciation is usually the largest cost of the first five years, and the one that never sends you a bill.
Projected resale value from new. After five years this model typically retains about 40% of its original price.
Compare it against another vehicle on the comparison tool.
How model year changes the premium
Same driver, same city (Mississauga), different model years:
| Model year | Typical value | Estimated annual premium |
|---|---|---|
| 2026 | $58,000 | $4,910 – $7,860 |
| 2023 | $28,000 | $4,380 – $7,010 |
| 2020 | $17,000 | $3,960 – $6,330 |
| 2016 | $9,000 | $3,440 – $5,510 |
| 2012 | $8,000 | $3,220 – $5,160 |
How your record changes it
Same vehicle, same city, different drivers — usually a bigger swing than the car itself:
| Driver | Estimated annual premium |
|---|---|
| Clean record, 10+ years licensed, full G | $4,380 – $7,010 |
| G2 licence, 1–2 years licensed | $7,250 – $11,600 |
| One at-fault claim in the last 6 years | $5,870 – $9,390 |
| Full G, 3–5 years licensed, clean | $5,260 – $8,410 |
Had an accident? The fault and premium calculator estimates what a claim does at renewal.
Cheaper alternatives worth comparing
| Vehicle | Why it's cheaper |
|---|---|
| Lexus IS | Cheaper to insure, better resale |
| Acura TLX | Lower premium |
| Audi A4 | Comparable |
| Mazda6 | Far cheaper, different segment |
Or paste a listing to check a specific car you have found.
How to pay less on this vehicle
- Shop it properly. The biggest lever — quotes for the same driver differ by 50% or more.
- Winter tires. Ontario insurers are required to offer a discount.
- Telematics. Usually the largest single discount available.
- Bundle home or tenant insurance.
- Raise the deductible — only if you could absorb it.
Build the coverage on the estimator.