Want to save money on your car insurance in Kitchener Waterloo? Is it time to renew your policy with your current insurance company? Are you shopping for insurance after getting a new car? It's our job to help all types of Kitchener drivers with all their car insurance needs which includes finding a lower rate!
It's easy to quickly compare quotes and coverage options for Kitchener auto insurance with ThinkInsure. We'll check prices from the top insurance companies in Canada to save you more. Get started by comparing quotes online or give us a call. Our advisors will make sure you get the coverage you need for the lowest rate.
Keep reading to learn more about car insurance in Kitchener and ways you can save more on your policy.
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See all reviewsMargaret Lubaszks
2023-09-21
Exceptional service by Neil Sullivan, setting up my new auto policy. Fast and smooth, very professional. Many thanks 😊 Margaret Lubaszka
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2023-09-18
Didn’t end up using them however found their sales team very knowledgeable and helpful.
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2023-09-16
Called and spoke with Todd who got me the best rate ever. Thank you !
Car insurance rules and requirements in Kitchener Waterloo are the same as in other regions of the province.
Here is what all drivers are required to have in their policy:
You have the option to add one of these types of coverage to your plan:
Extra protection options will vary based on the insurer. The added coverage will also increase your premiums.
We know saving money and getting cheaper insurance is important for drivers. There are a number of steps you can take to get the lowest car insurance rates in the Kitchener area:
Car insurance in Kitchener costs approximately $1,500 per year. This is a bit lower than the provincial average. Premiums are similar in Waterloo and Cambridge. Drivers pay on average $1,634 annually for car insurance in Ontario. Drivers with tickets, accidents, and claims on their records typically will have higher rates.
2020 data from the Insurance Bureau of Canada
Insurance rates are subject to frequent adjustments, influenced by insurers' examination of data related to claims, repair costs, accidents, and numerous other factors. Furthermore, your driving record and potential eligibility for other discounts can impact these rate variations. Below is an overview of car insurance premiums by year in Kitchener:
| Year | Average annual premium |
|---|---|
| 2023 | $1,945 |
| 2022 | $2,212 |
| 2021 | $1,904 |
| 2020 | $2,194 |
| 2019 | $2,190 |
| Average rate (2019-23) | $2,089 |
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Your auto insurance premiums are affected by your driver classification. Elements such as age, demographics, driver classification, and driving record are considered by insurers to determine the amount you pay. To examine the impact of these factors on your payments, we analyzed our customer quote data. Here are our findings:
| Premium | Monthly | Difference | |
|---|---|---|---|
| Driver type | |||
| All drivers | $1,971 | $164 | 0 |
| Young drivers (25 and under) | $2,824 | $235 | 43.28% |
| Middle age (25 - 50) | $2,138 | $178 | 8.47% |
| Mature/senior drivers (50+) | $1,351 | $113 | -31.46% |
| High risk drivers | $5,071 | $423 | 157.28% |
| Demographics | |||
| Male | $2,061 | $172 | 4.57% |
| Female | $1,723 | $144 | -12.58% |
| Married | $1,758 | $147 | -10.81% |
| Single | $2,104 | $175 | 6.75% |
| Driving record | |||
| Clean driving record | $1,971 | $164 | 0 |
| 1 ticket with past 3 years | $2,408 | $201 | 22.17% |
| 1 accident in 3 years | $2,760 | $230 | 40.03% |
| 1 cancellation in 3 years | $2,836 | $236 | 43.89% |
| 1 suspension in 3 years | $3,107 | $259 | 57.64% |
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Kitchener has higher costs compared to other local cities nearby. Here’s a breakdown:
| City | Avg premium |
|---|---|
| Kitchener | $1,971 |
| Guelph | $1,921 |
| Waterloo | $1,897 |
| Stratford | $1,819 |
| Brantford | $1,784 |
| Woodstock | $1,779 |
| Cambridge | $1,630 |
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Where you live within a city can have an impact on your insurance premiums. In Kitchener, the difference between postal codes could result in a difference of hundreds of dollars each year. South Kitchener (N2R) has the most affordable rates and South Central Kitchener (N2C) has the most expensive, based on our customer data.
| Area in City of Kitchener | Postal Codes | Avg Premium |
|---|---|---|
| Kingssdale, Vanier, Hidden Valley, Parkway, Country Hills East | N2C | $2,505 |
| Northward, MT Hope Huron Park, Civic Center, Auditorium, Eastwood | N2H | $2,079 |
| Kitchener Central | N2G | $1,516 |
| Kitchener East | N2A | $2,063 |
| Kitchener North | N2K | $1,529 |
| Kitchener North Central | N2H | $2,079 |
| Kitchener Northeast | N2B | $1,671 |
| Kitchener Northwest | N2M | $2,247 |
| Kitchener South | N2R | $1,476 |
| Kitchener South Central | N2C | $2,505 |
| Kitchener Southeast | N2P | $2,490 |
| Kitchener Southwest | N2E | $1,844 |
| Kitchener West | N2N | $1,657 |
***
The vehicle you drive matters. As you can see below, costs can vary by around $1000 based on the car you drive.
| Vehicle brand | Premium | Monthly payment |
|---|---|---|
| Honda | $2,254 | $188 |
| Toyota | $2,214 | $185 |
| Ford | $2,019 | $168 |
| Hyundai | $2,096 | $175 |
| Kia | $1,682 | $140 |
| GMC | $2,236 | $186 |
| Chevrolet | $1,826 | $152 |
| RAM | $1,858 | $155 |
| Dodge | $1,858 | $155 |
| Jeep | $1,198 | $100 |
| Subaru | $1,196 | $100 |
| Mazda | $1,535 | $128 |
| Nissan | $2,186 | $182 |
| Volkswagen | $2,241 | $187 |
| Mercedes | $1,952 | $163 |
| BMW | $1,680 | $140 |
| Tesla | $2,540 | $212 |
| Lexus | $1,598 | $133 |
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Shopping for a lower rate on car insurance in Kitchener? Compare quotes from Canada's leading insurers like CAA, Aviva, Intact, and more in just a couple of minutes.
Get startedDriving in the Kitchener Waterloo region can be somewhat confusing. The radial pattern of streets takes some getting used to. You would also think a city encircled by highways would reduce traffic congestion. But the area rivals the GTA in terms of delays. The area can be a traffic bottleneck, especially during peak hours.
There are a lot of intersections worth avoiding and it can get very congested around Highway 401. Avoiding problem areas is one way to protect your Kitchener car insurance from going up.
Here is some great information about driving in and around the KW region:
You can expect high traffic volume and ongoing construction. Drivers in the city also must deal with unpredictable weather. Rain, snow, sleet, high winds, and icy roads are all possible. Kitchener residents need to be prepared for many types of driving conditions.
Find out if you have proper car insurance coverage for the driving conditions in Kitchener. Speak with an advisor today to make sure you're covered or to get a free quote.
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KW auto insurance policyholders should be aware of this traffic information to drive safe and keep rates down.
Drivers are only one crash or claim from increased car insurance prices in Kitchener. Use these tips when making your way around the KW region:
Yes, auto insurance rates are similar in each in both Kitchener and Waterloo since they are in the same region. You can compare car insurance quotes to see how much it will cost for your next policy.
Cost is relative to where you live. There are many reasons why your Kitchener car insurance rate is not as cheap as you’d prefer. Lots of traffic, the risk of accidents, and theft are key reasons. Your specific insurance needs are considerations used by insurers to set your rates. If you have more specific questions about your premium, speak with one of our advisors.
There is never a wrong time to get a quote for car insurance in Kitchener. It’s important to check rates when you make changes to your policy, add coverage, and before your renewal.
In order for Kitchener drivers to get a quote you need to provide some car insurance information. This includes your driving record, vehicle, contact information, and the types of insurance you want. The more accurate the information, the more accurate a quote you receive.
You are required by law to have auto insurance to drive a vehicle in Kitchener or anywhere else in Canada. Without it, you are not permitted to drive a vehicle. If you are caught driving without insurance you face a minimum fine of $5,000 plus other repercussions. Plus, you will have issues finding a provider who will insure you after this type of fine.
No. The type of coverage and policies available varies between auto insurance companies in Kitchener. Shopping around allows you to see the type of pricing offered. You also can compare the type of coverage and value you will receive for your quoted rate. ThinkInsure partners with the leading insurance companies so you can check prices from Aviva, CAA, Intact, Travellers, Economical, and many more.
Sources
* Based on the difference between the average lowest premium and the overall average premium in Kitchener for estimates completed from January 1 to March 31, 2023, for drivers with a clean driving record.
** Estimated prices are based on data entered by drivers with a clean driving record living in Kitchener on ThinkInsure.ca.
*** Estimated premiums are based on data entered by individuals on ThinkInsure.ca from 2019-2023.
**** Estimated premiums are based on data entered by people on ThinkInsure.ca from January 1, 2021, to October 1, 2022.
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