Quick Answer: Which City In Ontario Has The Lowest Auto Insurance?

How can I lower my car insurance in Ontario?

Here are some examples:Cancel Collision Coverage – not as necessary with older cars.Increase Your Deductible – the higher the deductible the lower your premiums/rates, but this will mean you have to pay more in the event of a crash.Minimal Coverage – only pay for what is required by Ontario law and nothing more..

Who has the highest insurance rates in Canada?

B.C. residents pay the highest auto insurance premiums in Canada, according to data released by the Insurance Bureau of Canada (IBC). The data shows that people living in B.C. pay an average of $1,832 annually, compared to $1,316 in neighbouring Alberta, $1,505 in Ontario and $717 in Quebec.

Why car insurance in Ontario is so expensive?

Ontario’s coverage is strictly from private insurance companies, which are hit by a very high number of claims and lawsuits. The province also has a large problem with fraudulent claims, many of them through organized crime. … They can top it up with extra coverage, either from ICBC or private insurers.

What is the average cost of car insurance in Ontario?

$1,920 per yearThe average car insurance policy in Ontario costs $1,920 per year, compared to the Canadian average of $1,320. Of all the provinces in the country, Ontario has the highest average insurance cost.

What are the three different 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.

Which car has the lowest insurance rate in Ontario?

The Volkswagen Golf Is the Cheapest Car to Insure in OntarioVolkswagen Jetta.Toyota Camry.Honda Accord.Hyundai Elantra.Kia Forte.Mazda 3.Toyota Corolla.Honda Civic.More items…•

How much does car insurance cost in Ontario per month?

Average Monthly Car Insurance Rates 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 city has the most expensive car insurance?

The 10 most expensive cities for insuring a vehicle are:Detroit — $5,464 average annual premium.New Orleans — $3,686.Hialeah, Florida — $2,997.Miami — $2,913.New York City — $2,814.Tampa, Florida — $2,786.Baton Rouge, Louisiana — $2,766.Las Vegas — $2,609.More items…•

Which city has the cheapest car insurance?

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. The data was aggregated using KANETIX.

Which city in Ontario has the highest car insurance rates?

BramptonA new report from online auto insurance quote service Kanetix.ca ranked Brampton as the city with the highest auto insurance rates in the province, exceeding the provincial average by more than $1,000 per year.

Which insurance company is the best in Canada?

10 Best Home Insurance Providers in CanadaIntact Financial Corporation.Aviva Canada Inc.Desjardins General Insurance Group.RSA Canada Group.Wawanesa Mutual Insurance.Co-operators General Insurance Co.Lloyd’s Underwriters.TD Insurance, General Insurance.More items…•

What is the best car insurance in Ontario?

Top Car Insurance Companies in Ontario (2020 Update)Allstate.Aviva.Belairdirect.Canadian Auto Association (CAA)Desjardins Insurance.Economical.Intact.Jevco.More items…

How do I get insurance in Ontario?

When Buying Auto Insurance: Use a licensed insurance company, agent or broker. The Financial Services Commission of Ontario (FSCO), an agency of the Ministry of Finance, regulates insurance in Ontario. Visit FSCO’s website, to check whether an insurance company or agent is licensed.

Which province has the lowest car insurance?

Car Insurance by ProvinceQUEBEC. Here is where you get the cheapest car insurance premiums in Canada with an average annual premium of $642 . … PRINCE EDWARD ISLAND. With an average of just below $700 per annum, the private insurance systems here are considered one of the most effective in Canada. … NEW BRUNSWICK. … NOVA SCOTIA. … ALBERTA. … ONTARIO.

What occupation has the lowest car insurance?

Top 10 jobs for cheaper insuranceClerical assistant.Local government officers.Medical secretary.Secretary.Classroom aide.Book-keeper.Legal secretary.Police officer.More items…•