Which city in Ontario has the lowest car insurance 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.

Which province in Canada has the cheapest car insurance?

Among the 10 provinces, insurance rates vary considerably, with Quebec holding the lowest average premium and British Columbia (B.C.) registering the highest figure.

Which area in Toronto has the cheapest car insurance?

The Best Areas for Car Insurance in Toronto

The lowest average rates are found in the M6G postal codes, the Christie area of downtown Toronto. Average rates in 2015 were just under $1,500 annually, about the overall average price for car insurance in Ontario.

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How can I get cheaper car insurance in Ontario?

5 Ways to Get Affordable Car Insurance in Ontario

  1. Raise your Deductible to Get Cheap Car Insurance. …
  2. Save on Car Insurance by Bundling your Policies. …
  3. Drive Less and Let Your Insurer Know. …
  4. Pick a Car that Costs Less to Insure. …
  5. See if You Qualify for Lifestyle Discounts. …
  6. Compare Car Insurance Policies to Get Cheaper Rates.

Who has the best insurance rates 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 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.

How can I get cheaper car insurance in Canada?

13 Ways to Get Cheap Car Insurance

  1. The benefits of usage-based insurance. …
  2. Safe driving pays off. …
  3. Bundling different policies can save money. …
  4. The better the car’s safety rating, the more you can save. …
  5. A higher deductible can save money outright. …
  6. Don’t settle & shop around for the best rate. …
  7. Make payments on time, every time.


Which province has the most expensive car insurance in Canada?

Ontario has some of the highest auto insurance rates in the country, and drivers in Brampton pay the province’s highest premiums, ringing in at an estimated average of $2,698 per year. That’s according to RatesDotCa, which gathered information on the highs and lows of insurance in Ontario.

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How much should you 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.

What city has the highest car insurance in Canada?

Cities including Toronto ($2,201), Ajax ($2,141), Pickering ($1,961), Whitby ($1,777), Hamilton ($1,755) and Oshawa ($1,636) are above the provincial average.

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Rank 1.
City Brampton
Estimated Premium Dec. 2020 $2,698
Estimated Premium Dec. 2018 $2,494
Percentage Change 8.2 per cent

How much is car insurance per month in Toronto?

How much is car insurance in Toronto? The average cost of car insurance in Toronto is roughly $2,000 per year, or about $170 per month.

How much is car insurance in Ontario per month?

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.

Why is insurance in Ontario so expensive?

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.

Why is TD Insurance so cheap?

This means that TD is discounting premiums significantly. Their business model is driven around making money on the float, which is the time between you paying your premium and them paying the claims. Assuming the risk is a constant, there is only two ways they can be cheaper – charge less or pay fewer claims.

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How can I get better car insurance rates?

Listed below are other things you can do to lower your insurance costs.

  1. Shop around. …
  2. Before you buy a car, compare insurance costs. …
  3. Ask for higher deductibles. …
  4. Reduce coverage on older cars. …
  5. Buy your homeowners and auto coverage from the same insurer. …
  6. Maintain a good credit record. …
  7. Take advantage of low mileage discounts.
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