Jamie MacDonald
2026-05-07 14:59:32
★★★★★
Dylan Smith was a fantastic rep! Enjoyed our conversations and he was incredibly helpful and quick to get my policy replaced with a new one. Thank you.
Toronto's best car insurance savings
The average cost of car insurance in Toronto is $2,346, according to ThinkInsure customer quote data. Toronto rates are $31/yr less than the provincial average of $2,377 for auto coverage. But they are about $464 per year less than the average driver in the Greater Toronto Area (GTA).
The GTA has over 7 million residents, traffic-filled streets, long commutes, and the busiest highways (401, 403, QEW) in the country. This increases the risk of accidents, auto theft, and fraud, resulting in more expensive car insurance in Toronto. Inflation and economic uncertainty don't help either.
Like other drivers, you are probably tired of paying too much for car insurance rates. Comparing car insurance quotes is the best way to lower your premiums.
Located in Toronto, we are experts in auto insurance in the GTA. Our local advisors help Toronto drivers find the lowest car insurance rates. Compare quotes from the leading car insurance companies and get the most affordable rate.
About car insurance in Toronto: The quick facts
- The average cost of car insurance in Toronto in 2025 is $2,346.
- Toronto's premiums are $464 less per year than the GTA average rate of $2,810.
- Rates increased by 3.62% year over year from 2024 to 2025.
- Average premiums are $31 lower than the provincial average of $2,377.
- The downtown area is the most affordable neighbourhood with average rates of $2,255.
- North York rates are $2,824 and the most expensive in Toronto.
Current rate data is based on ThinkInsure quote submissions from January 1, 2025, to December 31, 2025. See our methodology.
$2,346/yr
is the average premium in Toronto
West Toronto & Downtown
are cheapest areas
18.63% lower
premiums for mature drivers
$2,810/yr
is the average rate for all of GTA
What is the average cost of car insurance in Toronto?
The average cost of car insurance in Toronto is $2,346 per year ($196/month) based on ThinkInsure customer quote data collected Jan 31, 2025 to Dec 31, 2025. Drivers actually pay less than the provincial average ($2,377). Though only by $31 per year.
Toronto has more affordable rates than the GTA average, according to FSRAO data from October 2025. The average cost of auto insurance in the GTA is $2,810. So, Toronto is $464 per year more affordable than the region's average.
As Canada’s largest and most populous city, traffic volume and highway driving, vehicle theft, fraud, and collisions all increase your risk profile.
You can secure lower car insurance rates by maintaining a clean driving record, remaining claims-free, and actively comparing quotes. Use ThinkInsure to maximize your savings by comparing multiple quotes from leading insurers.
Average premium breakdown by timeframe for Torontonians
Here’s a Toronto car insurance premium breakdown by different time frames:
- Annually: $2,346
- Semi-annually: $1,173
- Quarterly: $586.50
- Monthly: $195.50
- Weekly: $45.11
- Daily: $6.42
Current rate data is based on ThinkInsure quote submissions from January 1, 2025, to December 31, 2025.*** See our methodology.
How to compare Toronto car insurance quotes
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Recent Toronto auto insurance quotes
2026 Ontario auto insurance reform changes
Ontario's auto insurance rules are shifting on July 1, 2026, giving drivers across the province more control over their coverage and premiums.
Key updates for Toronto drivers
- New optional benefits: Several accident benefits that were once automatic including income replacement, caregiver, and housekeeping benefits are becoming optional under new provincial reforms.
- What stays mandatory: Medical, rehabilitation, and attendant care benefits remain included on every Ontario policy.
- Renewals: Your policy automatically renews with the same coverage you have today unless you choose to opt out or change benefits.
- New policies: Optional benefits are not included by default as of July 1, 2026 so you'll need to add them to stay fully covered.
- Trade-off to consider: Opting out may lower your premium slightly, but it can mean losing access to significant financial protection if you're injured.
For the full breakdown of what's changing, who's covered, and how to decide what's right for you, see our Ontario auto insurance reforms guide.
How do Toronto car insurance rates compare to other GTA cities?
City of Toronto car insurance premiums are lower than those in surrounding cities and suburban areas in the GTA.
Brampton ($3,240), North York ($2,818), Mississauga ($2,602), and many others have higher premiums than Toronto ($2,346).
According to data from FSRAO, GTA auto insurance rates are $2,810. This is 19.77% higher than Toronto rates.
Costs are significantly lower in smaller cities throughout the province. The average cost is $2,076 in other urban areas and $1,740 in rural towns.
Why are the suburbs surrounding the city more expensive? There are more commuters, and people spend more time driving on the highway. With more vehicles, there is also a higher rate of auto theft and collisions. All of these factors increase insurers' claims costs and risk.
| City / Region | Average Annual Premium |
|---|---|
| Brampton | $3,240 |
| North York | $2,818 |
| Scarborough | $2,773 |
| Etobicoke | $2,731 |
| GTA | $2,810 |
| Mississauga | $2,602 |
| Vaughan | $2,599 |
| Ajax | $2,575 |
| Whitby | $2,520 |
| East York | $2,513 |
| Markham | $2,503 |
| Richmond Hill | $2,461 |
| Pickering | $2,420 |
| Aurora | $2,374 |
| Toronto | $2,346 |
| Milton | $2,173 |
| Oshawa | $2,149 |
| Oakville | $2,038 |
| Newmarket | $2,014 |
| Peterborough | $1,770 |
Average GTA car insurance premiums change (2021-2025)
GTA car insurance rates have increased by 25.05% from June 2021 to October 2025 based on data from FSRAO. However, this is lower than the overall rate increase in the province. Ontario premiums have increased by 30.04% during the same time.
| Region | Oct 2025 | June 2025 | Oct 2024 | June 2024 | Oct 2023 | June 2023 | Oct 2022 | June 2022 | Oct 2021 | June 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ontario | $2,164 | $2,120 | $2,006 | $1,927 | $1,796 | $1,737 | $1,673 | $1,658 | $1,645 | $1,664 |
| GTA | $2,810 | $2,765 | $2,638 | $2,543 | $2,391 | $2,323 | $2,241 | $2,223 | $2,208 | $2,247 |
What Toronto postal codes have the cheapest car insurance?
Downtown ($2,255) is the cheapest postal code area for auto insurance in the city. Harbourfront, Rosedale, Cabbagetown and Regent Park are notable downtown neighbourhoods with affordable rates
East Toronto ($2,485) is the second-cheapest postal code area. This includes The Beaches and the Danforth neighbourhoods.
The North York area ($2,824) is the most expensive. Neighbourhoods in this area are Downsview, Don Mills, York Mills, and Willowdale.
Where you live within the city can affect your car insurance costs by an average of $559 per year.
| Area in City of Toronto | Postal Code | Neighbourhood | Premium |
|---|---|---|---|
| Downtown Toronto | M4W, M4X, M4Y, M5A, M5B, M5C, M5E, M5G, M5H, M5J, M5K, M5L, M5S, M5T, M5V, M5W, M5X, M6G | Rosedale, Cabbagetown, Harbourfront, Regent Park, Kensington Market, Chinatown | $2,255 |
| East Toronto | M4E, M4K, M4L, M4M | The Danforth, The Beaches | $2,485 |
| West Toronto | M6H, M6J, M6K, M6P, M6R, M6S | Dufferin, Dovercourt Village, Little Portugal, Trinity, Parkdale Village, Roncesvalles | $2,330 |
| Central Toronto | M4N, M4P, M4R, M4S, M4T, M4V, M5N, M5P, M5R | Lawrence Park, Davisville, Summerhill, Forest Hill, Deer Park, Roselawn, The Annex, Yorkville | $2,377 |
| Etobicoke | M8V, M8W, M8Y, M8Z, M9A, M9B, M9C, M9L, M9M, M9N, M9P, M9R, M9V, M9W | Mimico, The Kingsway, Rexdale, Martin Grove Gardens | $2,790 |
| Scarborough | M1B, M1C, M1E, M1G, M1H, M1J, M1K, M1L, M1M, M1N, M1P, M1R, M1S, M1T, M1V, M1W, M1X | Port Union, Golden Mile, Cliffside, Scarborough Town Centre, Wexford | $2,767 |
| York | M6C, M6E, M6M, M6N | Cedarvale, Fairbanks, Humewood, The Junction | $2,683 |
| North York | M2H, M2J, M2K, M2L, M2M, M2N, M2P, M2R, M3A, M3B, M3C, M3H, M3J, M3K, M3L, M3M, M3N, M4A, M5M, M6A, M6B, M6L | York Mills, Willowdale, Downsview, Don Mills, Victoria Village, Glencairn | $2,824 |
| East York | M4B, M4C, M4G, M4H, M4J | Parkview Hill, Woodbine Heights, Leaside, Danforth, Thorncliffe Park | $2,442 |
Toronto car insurance rate data by driver profile
The cost of your car insurance is primarily determined by your driver profile. This risk assessment is based on factors such as your demographics, the type of vehicle you drive, and your driving history. This report uses ThinkInsure quote data to show how age, driving record, marital status, and vehicle brand affect premiums in Toronto.
Toronto car insurance rates have entered a period of renewed upward momentum following a brief pandemic-era decline. Data indicate that the average annual premium in Toronto is $2,346, up 3.62% from 2024.
As urban density increases and economic factors shift, understanding the top factors driving premium fluctuations has become essential for drivers.
This report uses ThinkInsure's internal estimated quote data from 2019 through early 2025 to identify critical trends across demographics, vehicle choices, and driving histories.
By examining how age, gender, and even specific car brands influence costs, this report serves as a benchmark for consumers to assess the Toronto insurance market and identify ways to keep insurance costs down.
Key Findings
- Market recovery: After a significant price dip in 2021 ($2,097) due to reduced road activity, rates have steadily climbed back toward pre-pandemic levels, surpassing the 2020 average of $2,322.
- The "Experience" discount: Age remains a primary pricing lever. Mature drivers (50+) enjoy the most competitive rates, paying 18.63% less than the city average, while young drivers (under 25) face a 12.49% surcharge due to higher risk profiles.
- The cost of infractions: Driving records are the most significant controllable factor in premium pricing. A single ticket can increase rates by nearly 20%, while a single at-fault accident can spike premiums by over 25%.
- Demographics: Men pay slightly more than women (+0.47%), and married individuals save 2.22% compared to the city average.
- Vehicle impact: The choice of vehicle brand creates a massive spread in costs. Luxury brands like Mercedes-Benz ($2,888) and Audi ($2,833) command the highest premiums, whereas brands like GMC ($1,613), Volvo ($1,420), and Fiat ($1,214) offer the most significant savings.
How much have Toronto car insurance rates changed by year?
Toronto car insurance premiums are increasing. Like other cities in the GTA, they fluctuate frequently, more so than in recent memory.
Premiums were down in 2021-2022 compared to 2019-2020. In 2021, there was a price dip because of pandemic discounts offered by companies. Fewer people were on the road, resulting in a decrease in the number of accidents and claims. In 2023 and 2024, prices started to creep back to pre-pandemic levels.
Costs are on the rise again. Rates have increased modestly by 3.62% year over year from 2024 to 2025, based on our internal estimated customer quote data.
| Year | Avg annual premium |
|---|---|
| 2025 | $2,346 |
| 2024 | $2,264 |
| 2023 | $2,225 |
| 2022 | $2,103 |
| 2021 | $2,097 |
| 2020 | $2,322 |
| 2019 | $2,282 |
| Average rate (2019-25) | $2,234 |
Estimated premiums from 2019-2025.** See our methodology.
How much does car insurance cost for Toronto drivers based on age?
Age matters for auto insurance. Older, more experienced drivers typically pay less. They are at a lower risk of filing a claim or engaging in risky driving behaviour.
Here’s how they compare:
- Mature drivers pay 18.63% less than the average premiums.
- Young drivers pay 12.49% more. They have a great risk of filing a claim.
- Middle aged drivers pay 4.39% more than the city average.
You can’t change your age. But you can change your driving habits. Focus on driving safely to maintain lower premiums.
| Driver type | Premium | Monthly | Difference |
|---|---|---|---|
| All drivers | $2,346 | $196 | 0 |
| Young drivers (25 and under) | $2,639 | $220 | 12.49% |
| Middle age (25 - 50) | $2,449 | $204 | 4.39% |
| Mature/senior drivers (50+) | $1,909 | $159 | -18.63% |
Current rate data is based on ThinkInsure quote submissions from January 1, 2025, to December 31, 2025.*** See our methodology.
What demographic factors affect car insurance rates in Toronto?
Insurance companies use demographic information to assess risk.
We found that male drivers in Toronto pay only slightly more than women. Males pay 0.47% more, and women pay 2.3% less than the city average.
Married drivers typically pay less than single individuals. Married drivers pay 2.22% less than the city average.
| Demographics | Premium | Monthly | Difference |
|---|---|---|---|
| Male | $2,357 | $196 | 0.47% |
| Female | $2,292 | $191 | -2.30% |
| Married | $2,294 | $191 | -2.22% |
| Single | $2,323 | $194 | -0.98% |
Current rate data is based on ThinkInsure quote submissions from January 1, 2025, to December 31, 2025.*** See our methodology.
How much does your driving record affect Toronto car insurance premiums?
Maintaining a clean driving record is your best defence against rising premiums. It is the top factor affecting your insurance costs. One mistake can cost you.
- One ticket can increase your rates by 19.22%.
- One accident can increase your premiums by 25.7%.
You see a significant increase if you get a second ticket or have a second at-fault accident within a three-year period and may require high-risk auto insurance.
| Driving record | Premium | Monthly | Difference |
|---|---|---|---|
| Standard coverage | $2,346 | $196 | 0.00% |
| 1 ticket in past 3 years | $2,797 | $233 | 19.22% |
| 1 accident in 3 years | $2,949 | $246 | 25.70% |
| 1 cancellation in 3 years | $2,799 | $233 | 19.31% |
| 1 suspension in 3 years | $2,438 | $203 | 3.92% |
Current rate data is based on ThinkInsure quote submissions from January 1, 2025, to December 31, 2025.*** See our methodology.
What vehicle brands have the lowest insurance rates in Toronto?
The vehicle you choose to drive will affect your car insurance rates. By how much? We compared customer quotes by vehicle brand and top models.
Mercedes and Audi top the list with the highest rates. Premiums are $500 or more above the average.
GMC, Volvo, and Fiat have the lowest rates. Premiums are more than $700 less than the average rates in the province.
| Vehicle Make | Average Premium | Monthly payment |
|---|---|---|
| Mercedes-Benz | $2,888 | $241 |
| Audi | $2,833 | $236 |
| Land Rover | $2,714 | $226 |
| Genesis | $2,581 | $215 |
| Tesla | $2,561 | $213 |
| Infiniti | $2,551 | $213 |
| Honda | $2,529 | $211 |
| Polestar | $2,501 | $208 |
| Jeep | $2,395 | $200 |
| BMW | $2,390 | $199 |
| Toyota | $2,334 | $195 |
| Dodge / Ram | $2,326 | $194 |
| Kia | $2,305 | $192 |
| Ford | $2,264 | $189 |
| Mini | $2,228 | $186 |
| Nissan | $2,227 | $186 |
| Chevrolet | $2,226 | $186 |
| Hyundai | $2,221 | $185 |
| Volkswagen | $2,192 | $183 |
| Chrysler | $2,109 | $176 |
| Mazda | $2,050 | $171 |
| Mitsubishi | $2,043 | $170 |
| Lexus | $2,236 | $186 |
| Subaru | $1,802 | $150 |
| Cadillac | $1,684 | $140 |
| Scion | $1,664 | $139 |
| Acura | $1,614 | $135 |
| GMC | $1,613 | $134 |
| Volvo | $1,420 | $118 |
| Fiat | $1,214 | $101 |
Current rate data is based on ThinkInsure quote submissions from January 1, 2025, to December 31, 2025.*** See our methodology.
Why is Toronto auto insurance so expensive?
Auto insurance in Toronto is more expensive than in other cities in the province. Premiums are higher because it’s Canada’s largest city and has the busiest highways in North America. Over 700,000 daily commuters use the roadways.
There are also high collision and auto theft rates, which increase the risk of a claim. Even so, it's more affordable compared to many other cities in the Greater Toronto Area.
- Canada's largest city: Toronto is far and away the most populated city in the country. According to Stats Can, Toronto CMA passed 7 million in July 2024, and it grew by a record 3.9% in one year.
- The busiest highways: Highway 401 is the busiest in North America. There are also 403, 407 (the world's first all-electronic toll road), 427, QEW, and 404 (Don Valley Parkway).
- Significant commuter traffic: According to 2021 Census Data, there are over 791,000 daily commuters, and over 425,000 drive.
- Auto theft on the rise: The Toronto Police Service reports there were 9,352 auto thefts in 2024 and 12,351 in 2023. There has been a considerable spike in auto thefts post-pandemic. The highest instances of theft were in West Humber-Clairville, Etobicoke, and Milliken. Here’s a Report on the Most Stolen Cars in Toronto.
- Thefts from vehicles remain an issue: Data from the Toronto Police Service reports 7,724 vehicle thefts in 2024. While this is down from previous years (2023 - 8,744, 2022 - 9,424), it remains an issue.
- High auto theft claims costs: According to a report by IBC, Toronto has the province's highest auto theft claims costs by a large margin. The costs were $397,815,072 in 2023, an increase of 561% from 2018 ($56,223,067).
- There are a significant number of collisions: Experts estimate that more than 50,000 accidents occur each year, which amounts to well over 100 per day.
- Inflation: Higher vehicle prices and increasing repair costs are raising the average cost of auto insurance claims.
- Insurance fraud: Insurance fraud costs the insurance industry well over $1 billion annually.
ThinkInsure Tip: Add OPCF 43 to your policy if you are insuring a new vehicle
Did you know a new car can depreciate by 20-30% in the first year alone? If your car is totalled or stolen, standard insurance only pays the car's depreciated value. This amount may not be enough to pay off your loan.
OPCF 43 waives depreciation for the first few years. This ensures that you receive a payout reflecting the original or replacement value of your car.
How do Toronto car insurance rules and regulations work?
Toronto drivers follow the same rules as all other cities in Ontario. Each province sets car insurance rules. In Ontario, these rules are in Ontario’s Insurance Act.
Here are the basic rules and regulations you need to know:
- Mandatory insurance: All drivers must have car insurance. You cannot drive without it. If caught driving without insurance, you face a licence suspension and fines of up to $50,000.
- Licensing: You must be a resident and have a valid Ontario drivers licence.
- Minimum requirements: You must have a minimum amount of insurance. This includes third-party liability, statutory accident benefits, and uninsured automobile coverage. You can add extra insurance for collision, comprehensive, and more.
- Private insurance: Get policies through private insurance companies. You can get coverage through a broker, insurance agent, or direct writer.
- No fault: No fault insurance applies. You deal with your insurance provider.
Who regulates car insurance in Toronto?
The Financial Services Regulatory Authority of Ontario (FSRAO) is an independent regulatory agency that oversees car insurance in Ontario.
It’s part of the Ontario Ministry of Finance. They oversee close to 300 insurance providers in the province.
What is the minimum amount of car insurance required in Toronto?
All drivers must have at least $200,000 in third-party liability. While this is the minimum, the vast majority of drivers have significantly higher limits. Most have at least $1 million in liability because of rising costs.
This coverage protects them in the event of something bad happening, such as an accident, fraud, crime, theft, or other covered dangers.
Mandatory and optional car insurance coverage in Toronto
Ontario requires a minimum level of coverage, but most Toronto drivers carry more than the provincial minimums and for good reason. Higher traffic volumes, elevated theft rates, and the cost of claims all make having proper coverage more important in Toronto than in smaller Ontario cities.
Here is what your Toronto car insurance policy must include and what you should consider adding.
Mandatory car insurance
| Mandatory coverage | Included in all auto insurance policies | Recommendations |
|---|---|---|
| Third-party liability (TPL) | Covers liability claims against you from an at-fault accident. Basic plans have $200,000 in TPL coverage. ThinkInsure recommends you have $1 million or more in coverage. There is a $2 million coverage limit. |
|
| Accident benefits | Accident benefits cover the driver and passengers if injured. It covers costs that are above what OHIP covers. It includes attendant care, rehabilitation, and lost income costs. Limits apply and can be increased. |
|
| Uninsured motorist | This is also known as uninsured automobile coverage. It covers you if you are injured by an uninsured driver or in a hit-and-run. Standard coverage is $200,000, but this amount can be increased. |
|
Optional car insurance
There is additional protection you can add to your auto insurance policy. In a busy city with numerous threats, including accidents, fraud, and theft, people seek additional protection.
The most common options people add are collision, comprehensive, and specified or all perils.
| Optional insurance coverage | Coverage can be added to your policy | Recommended |
|---|---|---|
| Collision coverage | Protection if you are involved in an accident with another vehicle or an object (e.g., a tree, street sign, or light post). |
|
| Comprehensive coverage | This protects you from loss or damage from non-driving events. Coverage includes theft, vandalism, falling objects, and damage from the weather (wind, hail, flooding). |
|
| All perils | This combines collision and comprehensive. You have protection for all perils unless they are expressly excluded. | |
| Specified perils | Your policy protects all the perils listed. Anything listed is covered. This is more affordable than comprehensive while still providing most of the protection. | |
| Direct compensation property damage (DCPD) | DCPD covers damage for accidents when you are not at fault. It also covers loss of use. This is part of the no-fault system. As of January 1, 2024, drivers will have the ability to opt out of this coverage using OPCF 49. |
|
| Emergency roadside assistance | Get roadside assistance when you need it. Many insurers offer this as part of their policy or as an add-on. Some services include towing, battery boost, flat tire, and more. |
Customize your automobile policy with insurance endorsements
You can further personalize your plan by adding insurance endorsements. Add one or multiple, depending on your preference.
Adding an endorsement will slightly increase your premiums and provide additional protection. Some of the types of coverage you can add to your policy include:
| Endorsements | Coverage to customize your policy | Recommended |
|---|---|---|
| Agreed value of automobiles (OPCF 19A) | Insurers agree to pay a specific amount if your vehicle is a total loss. | |
| Transportation replacement (OPCF 20) | Covers rental car insurance and transportation if your vehicle was stolen or while getting repaired. |
|
| Rental car coverage (OPCF 27) | Coverage for when you drive vehicles that are not your own, such as a rental car. |
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| Accident forgiveness (OPCF 39) | Protects your driving record after your first at-fault accident. Your first collision will not impact your premiums. |
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| Waiver of depreciation (OPCF 43) | Insurers cannot deduct depreciation from your vehicle's value when making a claim. |
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| Family protection (OPCF 44R) | Covers you or your family if you are injured, even if you’re not in the car when the accident happens. |
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| Agreement Not to Recover for Loss or Damage from an Automobile Collision (OPCF 49) | Removes DCPD coverage from your policy. |
Car insurance discounts for Toronto drivers
Insurers offer a wide range of discounts. Ask about the discounts you may qualify for to lower your premiums:
Winter tires
Install winter tires on your vehicle.
Save up to 5%
Multiple vehicles
Insure all your vehicles with the same insurer.
Save up to 10%
Private parking
Park in your private garage or driveway.
Save up to 8%
Usage based insurance
Get rewarded for your good driving habits.
Save up to 30%
Driver training
Complete an approved driver education program.
Save up to 10%
Electric or hybrid
Drive an eco-friendly vehicle and save more.
Save up to 10%
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What are the top money-saving tips to get cheaper car insurance in Toronto?
Being a good driver and taking proactive steps to reduce your premiums will help you get better rates. Here are some great tips to help you get the cheapest car insurance in Toronto:
1) Shop and compare
There are many insurance companies in Canada, and their prices change often. Shopping around allows you to compare quotes to see if you are overpaying. Get a quote today and see how much you can save.
2) Combine policies
Combine your home and auto insurance into a single policy. You will automatically qualify for savings of up to 20%. Combining is the best way to save.
3) Review coverage annually
Renewal time is the perfect opportunity to look for new ways to save money. It is also a great time to update your information and ensure you have the right level of coverage.
4) Take advantage of discounts
Things change, including the types of car insurance discounts you qualify for. Always ask about available discounts for additional savings.
5) Use winter tires
Winter driving can be challenging and dangerous. By simply using winter tires, you can improve safety, have peace of mind, and save money.
6) Complete driver training
Completing a ministry-approved driver training program will help you obtain a better price. Be sure to inform your insurance company of this to save more.
7) Increase your deductible
If it makes sense for you, raise your deductible to lower your rates. The more you increase your deductible, the lower your auto insurance premiums.
8) Good driving behaviour
Keeping your driving record clean is one of the most effective ways to save. Driving safely will save you money now and in the future.
9) Drive a safe vehicle
The type of vehicle you drive matters. Look for vehicles with a strong safety rating, lower repair costs, and security features.
10) Don't miss payments
Missing a payment can affect your rates. If you consistently miss payments, your insurer could cancel your policy. You can save even more by paying in full instead of making monthly payments.
11) Park in a private garage or driveway
Park in a private garage or driveway. This makes your vehicle less likely to get stolen, damaged, or vandalized.
12) Go electric
Some insurers offer a green discount for people who drive hybrid or electric vehicles. Electric car insurance rates depend on the vehicle.
13) Usage-based insurance
You can save up to 25% when you use a telematics device to monitor your good driving habits. Several insurers offer usage-based insurance programs. They include Intact My Drive, Aviva Journey, Travelers IntelliDrive, and Pembridge My_BRIDGE.
14) See if you qualify for a group rate
If you belong to a certain group (employer, school, association). Review your options to identify potential cost-saving opportunities.
15) Add safety devices
Vehicle theft is an issue in Toronto. Adding insurer-approved anti-theft devices can qualify you for savings.
What factors determine how much your Toronto car insurance will cost?
Car insurance prices are calculated using many different factors. Your rate can vary significantly based on these considerations and the information you provide. Here are the main factors insurance companies use to calculate rates:
- The type of vehicle you drive: Car, SUV, truck, hybrid, van, or compact. The option you choose could increase or decrease your payments. Some vehicles cost more to repair, which can increase your insurance premiums. Luxury and customized features add up.
- Licence class: Your licence type matters (G1, G2, G). You’ll pay less as you progress through the Ontario graduated licence system.
- Vehicle use: Do you drive for business or work? Do you drive for Uber or Lyft? Using your vehicle for purposes other than personal will increase your risk and rates.
- Your personal profile: Age, gender, and marital status all matter. Generally, more experience and stability make you less of a threat.
- Your address: Postal code, neighbourhood, and region impact the chance of you getting in an accident based on claims statistics. Theft, fraud, road conditions, and other risks are considered by insurers when determining premiums.
- Your driving habits: Length of your daily commute and kilometres driven. The more you drive, the greater the risk of a claim. Torontonians typically drive more than the average driver. More time on the road increases risk and increases your premiums.
- Coverage: Limits, endorsements, deductible amount, and the number of individuals covered under the policy. Try to find a policy that accommodates your protection needs without raising your rates.
- Experience behind the wheel: Years licensed, driving record, tickets, fines, and licence suspensions. A few blemishes on your record could spike how much you pay for coverage.
- Insurance history: Years insured and previous claims history. Experienced and claims-free drivers will always pay less.
- Applicable discounts: Whether or not you qualify for certain discounts. For example, age discounts such as for over 50 drivers, alumni or association discounts.
- Secondary drivers: Adding a secondary driver to your policy can significantly impact your rates.
Why choose ThinkInsure for your Toronto car insurance?
We've served the Ontario insurance market for over 50 years.
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Toronto car insurance FAQs
It's essential to compare car insurance quotes regularly to find the most affordable rates in Toronto. You should shop for auto insurance every year.
Your insurance policy is in effect for one calendar year from its renewal date. Therefore, you have the opportunity to compare Toronto car insurance premiums annually. You can see which provider has the best offer for you.
Some years, it may be your existing employer. In other years, it may be another. However, you won't know for sure unless you take the time to compare your options.
There isn't a specific insurance company that offers lower rates than the rest. It depends on your unique situation. You won't know for sure who has the lowest car insurance unless you compare quotes from multiple providers.
For example, Intact offers you the best rate for your driving profile. However, Aviva or Wawanesa may have more affordable premiums for other drivers.
Car insurance rates change frequently for various reasons. Insurance companies can apply for rate increases on a quarterly basis. The FSRAO reviews and approves the rate increase proposals. They assess current market conditions.
A company can request an increase, and it might be approved because of:
- The increased cost of claims: Insurers may request an increase because they've seen a spike in claims costs.
- More collisions on GTA roads: This increases how much insurers have to pay out in claims.
- The prevalence of fraud: Fraud and crime rates increase costs for everyone, including drivers.
They can also increase if your driving situation has changed. A claim, a change of address, or even the loss of a discount could affect your rate.
There are plenty of great opportunities to find a lower rate for car insurance in Toronto. Renewal time is the most common. But you don't have to wait until you receive your renewal notification to shop around. There are many other good times to check rates:
- If you move: Location can greatly impact the threats that exist to you as a driver.
- Completion of a driver's training program: You'll qualify for savings upon completion of driving school.
- Buying a new vehicle: Acquiring a new vehicle or replacing your current car can impact repair and replacement costs.
- You get married: Social status can affect your rates. Ensure that you update it with your insurer.
- Your driving record has changed: Is a ticket coming off your record? Tell your provider. They can make sure it does not impact your premium.
- You add or remove a driver: Adding or removing a driver will alter your costs.
- You qualify for new discounts: Check rates to see if you're eligible for new savings.
Remember, you don’t need to wait until renewal time to shop around.
Toronto is a city with high accident rates. Drivers need to know what to do if they need to file a car insurance claim. After a collision occurs, you should:
- Ensure there are no injuries
- Report the accident if there is more than $5,000 in combined vehicle or property damage.
- Contact the police if you suspect illegal activity (fraud, DUI, careless driving)
- Move your vehicle to the side of the road if it’s safe to do so
- Exchange insurance and vehicle information with the other driver
- Take photos to document the damage
- Visit the reporting centre in the area where the accident occurred. There are more than 30 reporting centres in the GTA.
- Call for a tow truck if required to take your vehicle to the reporting centre
- Call your advisor or insurer to start the claims process
If you are an existing ThinkInsure customer, you can use our claims services for assistance.
You are only one mistake away from more expensive car insurance rates at any given time. Whether you are a seasoned local or a tourist, you need the right policy and driving knowledge.
Here is some helpful advice for navigating the streets and highways safely:
- Stay alert: There are many potential dangers on the city's roads. Watch out for pedestrians, cyclists, taxis, and other vehicles.
- Avoid rush hour whenever possible: The hours before and after work typically have the highest traffic volume. This increases your chances of being involved in a collision and potentially leads to a rate increase.
- Pass streetcars with caution: When streetcars come to a stop, and the doors are open, do not pass. At all stops, allow pedestrians to get on and off.
- Watch for cyclists: There are many cyclists and bike lanes. Pay attention when opening car doors. Give one metre when passing a cyclist.
- Take extra time when the weather is bad: Driving in poor conditions will take longer.
- Expect construction delays: Road construction is ongoing, so be prepared for delays. Check things in advance so you can find the quickest route to your destination.
- Know your route: Use a GPS to get directions and avoid congestion, ensuring a smooth arrival at your destination. Also, be aware of alternative routes to save time.
- Watch out for one-way streets: There are many one-way streets. Always be conscious of them and consider them when planning your route.
- Parking: Expect to pay a lot for parking. Consider using a commuter lot and taking the subway or GO train into town.
- Gas up: Fill up before heading downtown. Gas stations are more expensive and less common.
5 star auto insurance in Toronto
KCAP KCAP
2026-05-07 14:46:38
★★★★★
Big shout out to Darryl for helping me out and turning a sour experience to a splendid one Shubham left me in the wind for a couple days even after I had a his team member reach out to him and left a voicemail . Called back the next day and Darrly handle everything on the spot so thank you Darryl
Zhiqing Xu
2026-04-30 20:06:56
★★★★★
Had a great experience with Sohel Rahman. The whole process is easy and clear without any unnecessary back and forth. Got the insurance exactly as I wanted in 1 day. Highly recommended!
Chris Arsenault
2026-04-21 20:09:51
★★★★★
Great experience with Todd Allen at ThinkInsure. Very professional and helpful. Thanks Todd!
Russell Turner
2026-04-21 14:26:53
★★★★★
Gabe was great and looked after my issue
Sandy Kerr
2026-04-19 13:47:28
★★★★★
I would like to recognize our Broker, Jeff Plesman to thank him for always providing us with outstanding and professional customer service. Thank you so much Jeff, we appreciate you. ;-)
Tony Sturino
2026-04-17 20:37:33
★★★★★
Gabe, as usual takes care of my demanding insurance issues, very professional, I like the way he calls to update me on any new features Thanks again
Anna Kacina
2026-04-16 15:29:05
★★★★★
Excellent service, great price
Compare rates from the top Toronto car insurance companies
A car insurance company doesn’t need to be in Toronto for you to get a quote or coverage. However, it doesn’t hurt to have your insurer nearby. Some of the best car insurance companies have their head office located in the city. They include:
- Aviva - 100 King St. W., Toronto, ON M5X 1E3
- Intact - 700 University Ave., Toronto, ON M5G 0A1
- Economical - 121 King St. W. #1400, Toronto, ON M5H 3T9
- Travelers - 20 Queen St. W., Toronto, ON M5H 3R3
- Wawanesa - 4120 Yonge St., Suite 100, North York, ON M2P 2B7
- SGI Canada - 10 Four Seasons PI Suite 200, Toronto, ON M9B 6H7
- Gore Mutual - 320 Bay St, Toronto, ON M5H 4A6
ThinkInsure is also located in the city, which is convenient for Toronto drivers and our local insurance company partners. We are located at:
700 University Avenue, Suite 1000
Toronto, ON
M5G 1Z5
There are also many more of our partners found across the GTA. ThinkInsure has a big advantage over a direct insurance company. We can help you find the best rates from all the insurance companies listed above and many more.
Talk to an advisor about your Toronto auto insurance needs
Our RIBO licensed advisors have got you covered for finding the best auto insurance rates and coverage. Get non-biased auto insurance advice, personalized coverage and the lowest rates with a local Toronto insurance broker.
Personalized coverage
Our advisors will ensure you have proper coverage for your unique driving needs.
Compare multiple quotes
We will instantly compare quotes and discounts from our large selection of insurance providers to find you the lowest rate. By comparing quotes, we help Toronto drivers save an average of $830*.
Get your auto policy
Choose the provider that offers the best coverage and rate for your needs. We often can get you insured with a new automobile policy on the same day.
Speak with an advisor today!
Call us if you have complex coverage needs, need to renew today or want to insure multiple vehicles. We often can get you insured with a new automobile policy on the same day.
Get expert savings advice
Keep a clean driving record. Choose a vehicle with strong safety ratings. Consider raising your deductible if you can pay more out-of-pocket. Ask about discounts for bundling your insurance policies.
Wasim Khan
Insurance Broker (RIBO)
Want to save on your auto policy? We can help!
Monday-Friday: 8am-6pm
Common Toronto car insurance myths
It can be challenging to separate fact from fiction when reading about Toronto car insurance online. Here are some of the most common myths:
Myth 1: Toronto has the most expensive car insurance rates
Toronto does not have the most expensive rates. While it typically appears in the top 10, other cities within the GTA have higher rates.
Myth 2: There are no affordable areas in Toronto for car insurance
Sure, auto insurance is expensive, but this doesn’t mean all areas in the city are the same. Some regions within the city are much more affordable than others.
Myth 3: It's the highway driving that makes auto insurance rates higher
It’s not the highways that increase rates. It's the accidents and traffic volume that contribute to higher premiums.
Myth 4: All Toronto insurance companies charge the same rates
Nope. Insurance company rates can vary by hundreds of dollars per year. This is why it’s so important to compare quotes regularly. If you don't, you could be overspending on insurance.
Methodology and sources
Disclaimer:
- Estimated car insurance quote data is from Toronto drivers who completed an online car insurance quote on ThinkInsure.ca.
- Drivers have a G licence, standard full coverage, $1 million liability limit, $1,000 comprehensive and collision deductible, and applicable discounts.
- Premiums can vary based on your driving and insurance history.
- All personal information related to estimated quotes has been kept strictly confidential.
* Based on the difference between the average lowest premium and the overall average premium in Toronto for estimates completed from January 31, 2025, to January 31, 2026.
** Estimated premiums from 2019-2025.
*** Estimated premiums are based on data entered by drivers on ThinkInsure.ca from January 31, 2025, to December 31, 2025.
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