Car Insurance Calculator

Save with our Canadian car insurance calculator

Our car insurance calculator can help you save by finding great rates from the leading insurance companies in Canada. It's quick and easy to use and there is no obligation. It will help you find better premiums.

We know you value your time and don’t want to spend hours looking for good prices. You want to find a plan you can afford. Car insurance is one of those expenses that can fluctuate each year. Using a car insurance calculator to compare quotes is the best way to make sure you are getting the lowest rate possible.

Why use a car insurance calculator?

Ontario car insurance is expensive and it keeps increasing. Using a car insurance calculator is a good way to time to find prices from multiple insurers at the same to help you save.

Here are some reasons :

  • Insurance companies change their rates frequently.
  • Find and compare estimates from multiple companies
  • Choosing the wrong insurance could leave you without important protection.
  • Your insurance needs may have changed so you may be able to save.
  • Failure to compare options means you could be overpaying.
  • You will have peace of mind in knowing you are saving money.

What is a car insurance calculator?

A car insurance calculator is an online tool that helps you compare and shop for auto insurance in Canada. It allows you to quickly compare quotes from all the top companies. Just provide some basic details and you, your vehicle, driving history and coverage needs. You’ll receive a series of estimates to compare.

It is an easy way to understand your choices, help you determine your options, and find more ways to save money.

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How to calculate car insurance

Follow these steps to compare quotes with our car insurance calculator

Using our car insurance calculator is easy! Just complete a few simple steps and see free quotes from the leading providers in Canada. Here is a sample of how to calculate your car insurance premiums :

Tell us a little bit about you

Begin by providing us with your contact information, postal code, and the date when you want your policy to start.

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Who is the primary driver? Tell us about your driving habits

Provide information about the primary driver such as their age, gender, and marital status. Tell us about your driving experience, and how long you have been insured. Then let us know about your driving record such as tickets, accidents, and suspensions.

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Tell us about your vehicle

Provide us with information about your vehicle year, make and model. Let us know if you own, finance or lease. Then let us know how you use your vehicle and how much you drive such as your daily commute.

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Apply your discounts

Let us know about the insurance discounts that apply to you. We’ll ensure you take advantage of all eligible discounts for even more savings. Depending on your situation, you could save 20% or more on discounts alone.

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Choose your coverage

Adjust your coverage and deductible amounts to a level you are comfortable with. Your selection will affect your rates.

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Compare rates and save!

Choose from a list of insurance providers. Choose the plan and price that best meets your needs.

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Book a call to lock in your rates

Speak with a broker to secure your rate and buy your policy.

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When to use a car insurance calculator

Here are some of the main situations when you should utilize a calculator to check your rates :

  • You are buying or leasing a vehicle : Know the insurance costs of a vehicle before you agree to a purchase or lease agreement. Your premium could influence your buying decision.
  • Renewal : Things change. Determining how much you will pay can help you assess your options before you renew.
  • Updating your policy : Making changes to your personal information, the car your drive or your coverage will impact your auto insurance.
  • When you add a new driver or remove a person from your insurance : The number of drivers, a driver’s licensing level (G1, G2, G), and driving history of the individuals listed on your policy can have a significant impact on your rates.
  • When you move : Insurers use your city and postal code as a key factor when assessing your rates.
  • When your social status changes : Retirement, marriage, a new job, buying a home and other factors affect your budget.

Tips for saving with a car insurance calculator

Image of smart phones with car insurance calculations

Getting the most out of a car insurance calculator is important. It ensures that your auto insurance quotes are as accurate as possible. Here are some actionable tips for the questions needed in the calculation :

  • Gather your driving information : Gather your current policy, vehicle and driving details will help you save time and get a precise estimate. Don’t forget about family members if they are on your policy as well.
  • Know your coverage and policy limits : Know the deductible you are comfortable with and the type of coverage you want to be included (basic or full). Make sure you have the same amounts each time to ensure you are comparing the same information.
  • Discounts : There are many discounts offered by each company such as home and auto bundle, multi-vehicle, winter tires and many more. Make sure you select the ones that apply so you get a lower price.

Consider all the variables when choosing your car insurance to make sure you are getting good value and the best rates.

How is car insurance calculated?

An insurance company uses many factors when calculating auto premiums in Ontario and other provinces. Here are some of the key factors they use to qualify you :

  1. Experience behind the wheel : Driving experience is a key factor. Experienced drivers are less likely to be in a collision compared to novice drivers. How long have you been driving? What level of graduated licence do you have?
  2. Your age, gender, marital status : Insurers consider personal information such as your age, gender and marital status. Why? New drivers have less experience. Younger drivers, males, and single people are more likely to engage in risky driving. They are more likely to be a crash and get tickets. Studies show that women are less likely to be in accidents.
  3. Driving record : A clean driving record can make a huge difference in how much you pay. Do you have recent tickets or claims? Accidents, traffic violations, and claims will increase your rates. The amount you pay will decrease when tickets are removed after 3 more years.
  4. Vehicle you drive : What do you have – SUV or a sedan? How old is your car? Do you have a new vehicle? Is it an older car? Is it a common target for thieves? Does it have a good safety rating? The car you drive, its MSRP, features, repairs, and vehicle type can result in higher premiums.
  5. How you drive and use your vehicle : Do you use your car to drive to work? How many kilometres do you drive per year? Do you use your car for work? If you drive occasionally, you may qualify for a low kilometre discount. Insurers consider the length of your daily commute, how you use your vehicle and how many kilometres you drive annually.
  6. Where you live : Location, location, location. It can matter just as much for insurance as it does for real estate. An insurer will consider where you live. If your neighbourhood has higher statistics for car theft and crashes, your car insurance rates will reflect the higher risk. City, neighbourhood, and even postal code matter.
  7. Coverage limits and deductible amounts : All policies must include the minimum amount of coverage required by law. In Ontario, the mandatory car insurance coverage is third-party liability, statutory accident benefits and uninsured automobile. All provinces have basic coverage requirements. You can then choose optional coverage for more protection. More protection will increase payments. It will also give you greater protection. Adjusting your deductible amount for collision insurance or comprehensive insurance will affect costs. As a general rule, increasing your deductible will lower your premiums.
  8. Your claims and insurance history : Your insurance history as an insured driver matters. Gaps, payment issues, or too many at fault claims will impact your ability to be insured. It will also increase your payments. So, it is an important consideration to keep in mind.

Our car insurance calculator will help you find the lowest premium from the top providers based on all these items.

What cannot be used when calculating auto insurance in Ontario?

Here are the factors providers cannot use when calculating your premium :

  • Not at-fault accidents
  • Credit history
  • Employment status
  • Automobile status – own or lease
  • Length of time at current residence

Getting an estimate with a car insurance calculator

Here is how to make the most out of using a calculator to get an accurate estimate :

  • Know your needs : Have an idea of the type of coverage you need before you shop around.
  • Compare apples to apples : It is important to shop and compare quotes for the same coverage from different providers.
  • Don’t shop based on price alone : Cost is important, but not the only considerations. Make sure you understand the value, features, and services you will receive in exchange for your premiums.
  • Talk to a broker : Our team can work with you to ensure you are getting the most savings and the best policy based on your driving needs.

Car insurance calculator FAQs

A car insurance calculator is only as correct as the information you provide. If you leave sections blank or do not enter correct data, your quote will not be accurate. It’s recommended you gather what you need, such as your driver’s license, vehicle information, and driving history before using a calculator.

Always give correct data to the provider for the most accurate estimate.

There is often a misconception that auto insurance calculators cost money to use or you need to commit to something to get access to them.

Using our calculator is 100% free. There is no fee to compare insurers and policies.

While you can get an estimate, it will not be completely precise. Information such as your address, age, gender, license details and driving history are all used to calculate your auto insurance rates.

Silver SUV drving on highway
Save with our car insurance calculator

Compare and calculate car insurance with ThinkInsure anytime. Start a quote online and explore your options with the best providers in Canada. Or, call us to save money on your next policy. We make it easy to complete the purchase process and find lower rates.

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