Canadian Auto Insurance Prep for New Toyota Deliveries
Before taking delivery of your new RAV4 or Highlander, Canadian insurance underwriters require specific anti-theft endorsements to avoid punitive high-risk surcharges.
The High-Theft Surcharge (TAG Mandate)
Due to organized cargo theft at Port of Montreal, major Canadian underwriters (Intact, Aviva, Desjardins) apply a $500–$1,500 annual theft surcharge on RAV4 and Highlander models unless an approved tracking system (such as the TAG Tracking System) is installed.
Replacement Value Endorsement (OPCF 43 / QEF 43)
Because current Toyota replacement wait times range between 6 and 18 months, securing 4-to-5 year Waiver of Depreciation endorsement guarantees you are paid the full original purchase price in the event of total loss or theft.
Compare Provincial Insurance Quotes Before Delivery Day
Rates vary by thousands of dollars between insurance providers for identical Toyota hybrid trims. Compare rates 30 days before taking delivery.
- Compare quotes from 30+ licensed Canadian insurance providers simultaneously
- Check which insurers reimburse the $400 TAG anti-theft installation fee
- Bundle home and auto for multi-policy discounts up to 20%
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