How much is average car insurance in Ontario?

What Is The Average Cost Of Car Insurance In Ontario? The average auto insurance cost in Ontario is $1,634 per year. Most drivers pay in the range of $1,300 to $1,800 annually.

How much is car insurance per month in Ontario?

The average monthly car insurance rates in Ontario are between $125 to $158, depending on which part of the province you live in. This is the highest average car insurance rate among all provinces in Canada.

What are the cheapest cars to insure in Ontario?

Cheapest cars to insure in Ontario (2018)

  1. Toyota Prius C Hybrid Automatic 2WD.
  2. Chevrolet Cruze LS Automatic 2WD. …
  3. KIA Sedona L Automatic AWD. …
  4. Nissan Versa Note S CVT 2WD. …
  5. Ford Focus Electric Automatic 2WD. …
  6. Hyundai Elantra LE Automatic 2WD. …
  7. Chevrolet Cruze Hatchback Automatic 2WD. …
  8. Toyota Tundra Automatic 2WD. …
IT IS INTERESTING:  What is considered full coverage auto insurance in NJ?

How much is car insurance in Ontario for a new driver?

How Much Does Insurance Cost for a New Driver in Ontario? Average insurance rates for young (16-24) new drivers in Ontario fall within the $3,000 to $7,000 range. New drivers aged above that high-risk bracket will typically pay rates that deviate less drastically from the provincial average ($1,455).

Is car insurance more expensive in Ontario?

We all know that car insurance in Ontario is expensive, and this is why. On average, Canadian insurers are paying out as much in claims as they’re earning in revenue. Insurance fraud, increasingly severe weather, and a handful of secondary factors have raised the cost of insurance in Ontario over the last two decades.

What are the 3 types of car insurance in Ontario?

In Ontario, the types of auto insurance you need to have by law are: Liability Coverage, Direct Compensation, Uninsured Automobile Coverage, and Accident Benefit Coverage.

How can I save on my car insurance in Ontario?

Here are some tips for shopping around:

  1. Check insurance comparison websites.
  2. Search for Ontario insurance companies that offer new customer discounts.
  3. Check with your company and see if they offer a loyalty discount to stay.
  4. Ask your insurance broker to see if he can find/offer you better rates.

Which city in Ontario has the lowest auto insurance?

The Cheapest Cities for Car Insurance in Ontario

Belleville, Kingston and the towns of Cobourg and Napanee were found to have the cheapest auto insurance rates, averaging $1,014 per year, a whopping 81 per cent lower than Brampton.

IT IS INTERESTING:  Question: Is insurance cheaper on a 3 door car?

What is the most expensive car to insure in Ontario?

Most Expensive Cars to Insure in Ontario

  • Toyota FJ Cruiser.
  • Acura MDX.
  • Acura RDX.
  • Honda Civic.
  • BMW X5.
  • Porsche Cayenne.
  • Acura TLX.
  • Ford F-250 Super Duty.

Are older cars cheaper to insure?

Older cars are cheaper to insure than newer cars, all else being equal. An older vehicle is cheaper to insure mainly because older cars are less valuable, so an insurer won’t have to pay out as much in the event of a total loss. … You can drop these parts of your insurance altogether and save money.

What is the best car insurance company in Ontario?

Top Car Insurance Companies in Ontario (2021 Update)

  • Allstate.
  • Aviva.
  • Belairdirect.
  • Canadian Auto Association (CAA)
  • Desjardins Insurance.
  • Economical.
  • Intact.
  • Jevco.

What is the cheapest way to insure a new driver?

Five ways to lower your car insurance

  1. Pay a higher excess. …
  2. Take out Black Box Car Insurance. …
  3. Adding an older named driver to your first car insurance policy. …
  4. Choose a cheaper car. …
  5. Ensure your car is safe and secure.

What car is cheapest insurance for new drivers?

Cars that are the cheapest to both insure and buy are the Citroën C1, Toyota Aygo and Volkswagen Up!.

What is the most expensive city in Ontario?

The most expensive cities in Ontario for real estate:

  • Hamilton-Burlington.
  • Orangeville.
  • Guelph & District.
  • Kitchener-Waterloo.
  • Ottawa.
  • Greater Sudbury.
  • Thunder Bay.
  • Sault Ste. Marie.

Why is my car insurance so high with no accidents?

Another possible reason your car insurance is so high: you’re a bad driver or you have a bad driving record. Good drivers usually pay less for auto insurance because they’re less likely to file a claim. But if you get a lot of tickets or get into a lot of accidents, your insurer may label you a high-risk driver.

IT IS INTERESTING:  Does CIBC Do car insurance?

How much should I be paying for car insurance?

The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.

Buy a car