The Rolls Royce company started as a mechanical and electrical business headed by Henry Royce in 1884. The first motor car made by the company took place in 1904, which was the same year that Royce met Charles Rolls.
Rolls owned his own luxury car company in London, which lead to the partnership that created so many impressive, quality cars. In March 1906, the Rolls Royce company was founded.
One of the most noteworthy cars made by the company was called the “Silver Ghost”. The car was a six-cylinder, and it was known as the best car in the world.
As time went on, Rolls-Royce made its way to the forefront of engineering. At one point, it was the only British company with the ability to create power for vehicles in the air, on land, and at sea.
Rolls-Royce cars, though now owned by Volkswagen, continue to be cars of elegance and power. Although the average car insurance price in Ontario is $1,525, Rolls-Royce vehicles tend to have greater price tags based on their car parts and designs.
The following are the average car insurance rates for Rolls Royce vehicles across Canada.
Car Insurance for 2018 Rolls Royce Models in Ontario:
- 21-year-old living in Ontario with a 2018 Rolls Royce: $4,801 annually, or $400/month
- 30-year-old living in Ontario with a 2018 Rolls Royce: $2,719 annually, or $226/month
- 50-year-old living in Ontario with a 2018 Rolls Royce: $2,222 annually, or $185/month
Average insurance rate of a driver living in the province of Ontario with a 2018 Rolls Royce model: $3,247 annually or $270 monthly.
Car Insurance for 2018 Rolls Royce Models in Alberta:
- 21-year-old living in Alberta with a 2018 Rolls Royce: $5,508 annually, or $459/month
- 30-year-old living in Alberta with a 2018 Rolls Royce: $2,969 annually, or $247/month
- 50-year-old living in Alberta with a 2018 Rolls Royce: $2,607 annually, or $217/month
Average insurance rate of a driver living in the province of Alberta with a 2018 Rolls Royce model: $3,694 annually or $307 monthly.
Car Insurance for 2018 Rolls Royce Models in Quebec:
- 21-year-old living in Quebec with a 2018 Rolls Royce: $4,563 annually, or $380/month
- 30-year-old living in Quebec with a 2018 Rolls Royce: $2,715 annually, or $226/month
- 50-year-old living in Quebec with a 2018 Rolls Royce: $1.860 annually, or $155/month
Average insurance rate of a driver living in the province of Quebec with a 2018 Rolls Royce model: $3,046 annually or $253 monthly.
Car Insurance for a 2018 Rolls Royce Model in PEI:
- 21-year-old living in PEI with a 2018 Rolls Royce: $2,874 annually, or $239/month
- 30-year-old living in PEI with a 2018 Rolls Royce: $2,582 annually, or $215/month
- 50-year-old living in PEI with a 2018 Rolls Royce: $2,378 annually, or $198/month
Average insurance rate of a driver living in the province of PEI with a 2018 Rolls Royce model: $2,611 annually or $217 monthly.
Car Insurance for a 2018 Rolls Royce Model in Nova Scotia:
- 21-year-old living in Nova Scotia with a 2018 Rolls Royce: $8,243 annually, or $686/month
- 30-year-old living in Nova Scotia with a 2018 Rolls Royce: $2,661 annually, or $221/month
- 50-year-old living in Nova Scotia with a 2018 Rolls Royce: $2,420 annually, or $201/month
Average insurance rate of a driver living in the province of Nova Scotia with a 2018 Rolls Royce model: $4,441 annually or $370 monthly.
Car Insurance for a 2018 Rolls Royce Model in New Brunswick:
- 21-year-old living in New Brunswick with a 2018 Rolls Royce: $5,685 annually, or $473/month
- 30-year-old living in New Brunswick with a 2018 Rolls Royce: $2,240 annually, or $186/month
- 50-year-old living in New Brunswick with a 2018 Rolls Royce: $1,924 annually, or $160/month
Average insurance rate of a driver living in the province of Nova Scotia with a 2018 Rolls Royce model: $3,283 annually or $273 monthly.
Rolls Royce Insurance Across Canada
The average insurance rate for a Rolls Royce is $2,630. However, in Canada, the average insurance rate is $968.62. This takes into account all of the insurance averages per province, excluding Newfoundland, Manitoba, Saskatchewan and British Columbia. (These companies have provincially-run coverage).
The common trend with Rolls Royce insurance across the country is that young drivers have to pay the most. This is not uncommon, as these drivers tend to have the least experience and higher premiums.
However, the prices are especially high for a model like a Rolls Royce, because they are some of the most expensive cars to purchase. The less experienced a driver is, the more they will likely pay for this kind of car.
Factors that contribute to the Rolls Royce insurance in Canada:
Low Theft
A lot of luxury cars might intrigue thieves, but that doesn’t mean they steal them. A car like Rolls Royce is easy to spot, which makes it an easy find when one is stolen.
Thieves often avoid these types of cars, simply because they’re so obvious and hard to steal unnoticed. This factor can help to lower insurance rates, but the price for this kind of car is so high that it doesn’t make too much of a difference.
Safety Features
Rolls Royce cars cost so much to make that they rarely have crash tests done. While this doesn’t help insurance rates, it does help that they are given some of the best safety devices on the market.
Keep in mind, if this kind of car does get into an accident, replacing any damaged parts will cost a pretty penny.
Conclusion
Driving a Rolls Royce around in Canada might feel nice, but it will certainly hit hard on the wallet. Insurance rates are best in PEI, but these cars are usually found in more congested areas where they can be shown off.
Those who are thinking about purchasing this type of vehicle, regardless of the province, should be prepared for high premiums. Regardless of a good driving record, these cars cost an upwards of $250,000 or more, and their insurance reflects that.
About the Author: Ashley Miller
