How much does Guelph car insurance cost?
Car insurance in Guelph costs about $ 2,234 per year. When comparing this to similar medium-sized cities, Guelph residents tend to have slightly more expensive auto insurance rates. The good news is you still pay less compared to bigger cities.
Here’s a breakdown of how much you can expect to pay:
- Annually: $ 2,234
- Semi-annually: $ 1,117
- Quarterly: $ 558.50
- Monthly: $ 186.16
- Weekly: $ 42.96
- Daily: $ 6.12
Rates are based on ThinkInsure customer quote data for Q1 2024 (Jan 1 to March 15, 2024)
Guelph car insurance premiums map
Sources: *FSRAO
2023 ThinkInsure customer quote data. Drivers with a clean driving record and standard coverage
Guelph car insurance rates from 2019-2024
Premiums are on the rise once again. The volatility of insurance rates necessitates frequent changes, driven by insurers' assessment of data concerning claims, repair costs, accidents, and several other factors. Furthermore, your driving record and potential eligibility for extra discounts can also influence these fluctuations in rates. See how auto insurance fluctuates by year in Guelph:
| Year |
Average annual premium |
| 2024 |
$ 2,234 |
| 2023 |
$ 2,053 |
| 2022 |
$ 1,886 |
| 2021 |
$ 1,639 |
| 2020 |
$ 2,068 |
| 2019 |
$ 2,025 |
| Average rate (2019-24) |
$ 1,984 |
**
Guelph auto insurance premiums by driver type
The amount you pay for auto insurance is determined by your driver classification. Insurance providers consider factors such as age, demographics, driver classification, and driving record when calculating your premiums. To evaluate the impact of these factors on your payments, we analyzed our customer quote data. Here's what we found:
- Young drivers pay over 30% more, and mature drivers pay close to 30% less.
- High risk equals high premiums - more than 150% higher.
- You can expect to pay about 25% more if you do not have a clean record.
| |
Premium |
Monthly |
Difference |
| Driver type |
| All drivers |
$ 1,904 |
$ 159 |
0 |
| Young drivers (25 and under) |
$ 2,512 |
$ 209 |
31.93% |
| Middle age (25 - 50) |
$ 2,016 |
$ 168 |
5.88% |
| Mature/senior drivers (50+) |
$ 1,359 |
$ 113 |
- 28.62% |
| High risk drivers |
$ 4,796 |
$ 400 |
151.89% |
| Demographics |
| Male |
$ 1,912 |
$ 159 |
0.42% |
| Female |
$ 2,031 |
$ 169 |
6.67% |
| Married |
$ 1,794 |
$ 150 |
- 5.78% |
| Single |
$ 2,085 |
$ 174 |
9.51% |
| Driving record |
| Clean driving record |
$ 1,904 |
$ 159 |
0 |
| 1 ticket within the past 3 years |
$ 2,148 |
$ 179 |
12.82% |
| 1 accident in 3 years |
$ 2,357 |
$ 196 |
23.79% |
| 1 cancellation in 3 years |
$ 2,383 |
$ 199 |
25.16% |
| 1 suspension in 3 years |
$ 2,408 |
$ 201 |
26.47% |
***
Auto insurance rates in Guelph compared to local cities nearby
Drivers in Guelph have premiums that are comparable to other local cities:
| City |
Avg premium |
| Milton |
$ 2,033 |
| Kitchener |
$ 2,021 |
| Guelph |
$ 1,904 |
| Waterloo |
$ 1,862 |
| Fergus |
$ 1,624 |
| Georgetown |
$ 1,488 |
| St Jacobs |
$ 1,044 |
****
What areas in Guelph have the cheapest car insurance?
The place of your residence within a city can influence your insurance expenses. In Guelph, your postal code could result in a difference of several hundred dollars per year. If you have relocation plans, this is a significant factor to consider. See how rates by postal code compare:
| Area in the City of Guelph |
Postal Codes |
Avg Premium |
| South Guelph |
N1C |
$ 1,840 |
| North Guelph |
N1E |
$ 1,786 |
| Central Guelph |
N1G |
$ 2,043 |
| Northwest Guelph |
N1H |
$ 1,959 |
| West Guelph |
N1K |
$ 2,241 |
| East Guelph |
N1L |
$ 2,112 |
***
Guelph car insurance premiums by vehicle brand
The car brand is an important consideration when assessing insurance costs. So, choose your vehicle wisely. Your choice could impact your premiums by hundreds of dollars or more. See how the brand affects costs for drivers in Guelph:
| Vehicle brand |
Premium |
Monthly payment |
| Honda |
$ 3,378 |
$ 282 |
| Toyota |
$ 1,382 |
$ 115 |
| Ford |
$ 1,200 |
$ 100 |
| Hyundai |
$ 2,377 |
$ 198 |
| BMW |
$ 3,190 |
$ 266 |
| GMC |
$ 2,047 |
$ 171 |
| Chevrolet |
$ 2,004 |
$ 167 |
| RAM |
$ 1,732 |
$ 144 |
| Dodge |
$ 1,732 |
$ 144 |
| Nissan |
$ 2,169 |
$ 181 |
| Lexus |
$ 2,725 |
$ 227 |
***
Tips to get the cheapest car insurance in Guelph
There is no magic formula or secret to saving money on your car insurance in Guelph. You just need to stay on top of your coverage needs and it's best to get a car insurance quote when your policy comes up for renewal.
Here are some things you can do to get a lower rate:
- Make sure your advisor has up-to-date information about you and your vehicle.
- Bundle insurance when possible.
- Get a quote when your policy comes up for renewal.
- Explore options to get insurance discounts.
