Written by
Nolan Wilson
Updated on June 12, 2025
min read
Get the best London car insurance rates
London car insurance rates are known for being lower than or on par with the provincial average of $2,006 per month. Why do Londoners pay less? Comparatively, fewer highways, fewer accidents, and safer driving conditions exist.
We help London drivers save on car insurance by comparing quotes from our large selection of insurance companies. Our insurance experts will guide you through the quote process. We'll ensure you get the insurance you need at the best rate. Expect great value without sacrificing your coverage. Get started online or contact us today for a quote to save on car insurance in London.
Top takeaways about car insurance in London
The average cost of London car insurance in 2025 is $2,082 annually.
Auto insurance premiums have decreased by 0.97% in London since last year.
London auto insurance premiums have remained consistent from 2019 to 2025, hovering around the $2,000 per year mark.
London drivers follow the same car insurance rules as the rest of the province. Auto insurance is mandatory. You must carry a minimum of $200,000 in third-party liability coverage. A basic policy also includes accident benefits, direct compensation property damage (DCPD), and uninsured automobile coverage. A basic policy includes accident benefits and uninsured automobile coverage.
Mandatory coverage in London
Here’s a brief explanation of the mandatory coverage all drivers have in their insurance policy:
Third party liability: This protects you if you cause damage to others’ property while driving.
Direct compensation property damage (DCPD) is still available as part of minimum coverage. However, as of January 1, 2024, it will be optional. You can opt out of DCPD protection using OPCF 49. A benefit of removing DCPD is that you will have lower premiums. But you also increase your financial risk. Speak with our brokers to determine if this option is right for you.
Optional coverage for London drivers
Most people have more than the minimum required car insurance. They personalize their policy to meet their specific driving requirements. You can add optional coverage, including:
Collision insurance: Protects you against damage your vehicle sustains in a crash.
Comprehensive insurance: Protects you from damage because of non-driving events, such as theft or vandalism.
Besty was incredibly kind and helpful during a stressful time. I had no idea that a handheld ticket would result in my insurance company dropping me. It was a year after the ticket that I was informed of this so I was shocked and stressed. Besty assured me that we had time to figure out a solution and she worked around my busy schedule to find me the best insurance products to suit my situation. Besty is a 10/10 recommend!!!
e t
2025-05-01
I cannot say enough great things about Todd A! From start to finish, he provided an exceptional customer experience that truly stood out. Not only was he incredibly knowledgeable and efficient, but his kindness and cheerful attitude made the process smooth and absolutely stress-free. What could have been overwhelming was instead seamless and easy, thanks to his reassuring guidance and expertise. He was always quick to respond, informative, and genuinely invested in ensuring I got the best coverage for my needs—all while making sure I felt comfortable and confident every step of the way.
His level of professionalism and warmth turned what could have been a daunting task into an absolute pleasure. If you're looking for someone who goes above and beyond to provide top-tier customer service, look no further than Todd A at ThinkInsure. Thank you for making this experience effortless and enjoyable, you made this all happen for me!
Carl Cronkhite
2025-04-24
I highly recommend ThinkInsure when looking for Insurance, Betsy Bannon was a huge help! As a high risk driver it was very difficult to find a premium i could afford and only had a few weeks to do so. I contacted ThinkInsure and Betsy was able to explain everything and find me a great policy right away. Thank you Betsy!
Keira Busby
2025-04-17
very friendly and willing to help anyway they can! great experience all way round.
Dharma Buyse
2025-04-17
Betsy Bannon was so helpful! I was insuring my new truck with my first personal policy and after one broker went mia on my calls she picked up, although from commercial department, and still handled everything for me within 24 hours! Also she pointed out that previously the drivers history was forgotten about in the prior list of documents that was requested from me. Definitely knows exactly what she’s doing and works great winging it in a different department than her specialty!
I’m a high risk driver for one more year, unfortunately (did not follow cops advisory to fight distracted ticket while checking directions at a red) but she found the best quote for me, and revised this last minuite to find one that further accepted my 8year claim free policy on a commercial registered insurance. She was friendly, prompt to reply, patient, personable, and very knowledgeable. Finding insurance with one more year of this record has been discouraging as a now overly cautious driver, but she made it as seamless as possible
Quentin Chiotti
2025-04-16
Fast, seamless, and efficient. Betsy Bannon was great to work with. Thanks ThinkInsure.
Csaba Deac
2025-04-11
Special Thanks to Betsy Bannon. If you need business insurance , highly recommend her
Kelly Bouchard
2025-04-10
Sohel is amazing!! He responded so quickly and went out of his way to accommodate me. There were a few things I didn’t quite understand and he took the time to explain and reassure me that everything was properly covered. His follow up is so good! I highly recommend his service and expertise. He does all the research and comparisons for you to save you a lot of money! I can’t believe how much I was overpaying with my long time providers. Thanks Sohel!!
Recent London auto insurance quotes
2025/06/10
Auto insurance shopper in LONDON, ON
Vehicle: TOYOTA TACOMA V6 DOUBLE CAB 4WD 2022
SGI Canada
$1,245
Intact
$1,681
CAA Connect
$1,868
CAA My Pace
$1,927
Savings from top 4 cheapest quotes
$682
2025/06/07
Auto insurance shopper in LONDON, ON
Vehicle: HYUNDAI SANTA FE ULTIMATE 2.0T 4DR AWD 2019
CAA My Pace
$1,154
Intact
$1,464
CAA Connect
$1,849
GORE
$1,874
Savings from top 4 cheapest quotes
$720
2025/06/07
Auto insurance shopper in LONDON, ON
Vehicle: HONDA CR-V LX 4DR AWD 2018
SGI Canada
$1,633
Pembridge
$1,898
Travelers
$2,074
Intact
$2,127
Savings from top 4 cheapest quotes
$494
2025/06/07
Auto insurance shopper in LONDON, ON
Vehicle: HONDA CR-V LX 4DR AWD 2021
SGI Canada
$1,784
Pembridge
$2,140
Intact
$2,231
CAA Connect
$2,493
Savings from top 4 cheapest quotes
$709
How do I get cheap car insurance in London?
We know saving on car insurance in London is a priority. In addition to working with us to get a quote, here are some effective ways London drivers can get lower car insurance:
Expert auto insurance savings advice for London drivers
As an insurance professional, one of my favourite tips for saving you money each month is bundling your home and auto insurance. You could see discounts of 20% or even more! Plus, it just makes life easier having everything with one company – it's a real win for you.
Felicia Owoyemi
|
Insurance Broker (RIBO)
Ready to save more on your auto policy?
Monday-Friday: 8am-6pm Saturday: 9am-5pm
What is the average car insurance cost in London?
The average cost of car insurance in London is approximately $2,082 annually. This is marginally higher than the average car insurance in Ontario and other areas close by, but still lower than the GTA. The city has some of the lowest rates compared to other large cities in the province.
Here’s a breakdown of how much you can expect to pay for different time periods:
Annually: $2,082
Semi-annually: $1,041
Quarterly: $520.50
Monthly: $173.50
Weekly: $40.03
Daily: $5.70
Rates are based on ThinkInsure customer quote data for Q1 2025 (Jan 1 to March 31, 2025).
Fluctuations in insurance rates occur frequently, as they are determined by insurers using collected data on claims, repair expenses, accidents, and various other factors. Your driving history and eligibility for additional discounts also play a role in the changes observed. In the case of London, costs decreased during the pandemic, but are on the rise once again. Premiums decreased by 0.9% from 2024 to the first quarter of 2025.
Year
Average annual premium
2025
$2,082
2024
$2,100
2023
$2,238
2022
$1,924
2021
$1,761
2020
$2,143
2019
$2,107
Average rate (2019-25)
$2,051
**
ThinkInsure Tip : Consider more than just the price for your auto policy
There’s no question that price is important. However, you also need to consider the coverage and services you’ll receive from your auto insurance company. Sometimes it makes sense to pay a little more to get additional protection.
London auto insurance premiums by driver type
How much you pay for auto insurance is dependent on your driver classification. Factors like age, demographics, driver classification, and driving record are taken into account by insurance companies to set your premiums. To assess the influence of these factors on your payments, we analyzed our customer quote data. This is what we observed:
Young drivers pay 38% more, while mature drivers pay 32% less than the median.
High risk drivers pay 255% more than standard drivers.
Men pay more than women, and single people pay more than married couples.
Getting a ticket or being in a collision will increase your rates by 15% or more.
Premium
Monthly
Difference
Driver type
All drivers
$2,082
$174
Young drivers (25 and under)
$2,888
$241
38.71%
Middle age (25 - 50)
$2,194
$183
5.38%
Mature/senior drivers (50+)
$1,402
$117
-32.66%
High risk drivers
$7,402
$617
255.52%
Demographics
Male
$2,035
$170
-2.26%
Female
$1,905
$159
-8.50%
Married
$1,722
$144
-17.29%
Single
$2,139
$178
2.74%
Driving record
Clean driving record
$2,082
$174
1 ticket within the past 3 years
$2,400
$200
15.27%
1 accident in 3 years
$3,169
$264
52.21%
1 cancellation in 3 years
$2,431
$203
16.76%
1 suspension in 3 years
$3,563
$297
71.13%
***
Save on both vehicles with a multi-car insurance policy in London
Having more than one vehicle is increasingly common. Combining these vehicles under one policy will save you more money. On average, Londoners save $327 per vehicle when they add a second car to their policy.
Average rate
Average rate per vehicle
Total savings
Savings per vehicle
1 car
$2,082
$2,082
2 cars
$2,859
$1,429
$653
$327
***
Auto insurance rates in London compared to local cities nearby
London typically has higher rates than other nearby cities. This generally has to do with the city being much larger and having more traffic. See the differences here:
City
Avg premium
St. Thomas
$2,005
London
$2,082
Chatham
$1,973
Woodstock
$1,779
Strathroy
$1,698
Tillsonburg
$1,871
Sarnia
$1,502
***
What areas in London have the cheapest car insurance?
The area you reside in within a city can influence your insurance expenses. In London, the postal code can impact your premiums. Here is a breakdown of premiums by postal code:
Area in the City of London
Postal Codes
Avg Premium
East London
N5W
$1,953
Carling
N5Y
$1,927
Fanshawe, Stoneybrook, Northcrest, Uplands
N5X
$1,461
North London
N6A
$1,992
Central London
N6B
$1,770
South London
N6C
$1,983
London West
N6H
$2,180
Byron
N6K
$2,071
***
London car insurance premiums by vehicle brand
Your car brand is a big factor to consider when comparing insurance premiums. Our consumer data shows premiums can fluctuate by more than $1000 based on your car brand. Here are the rates by brand for Londoners:
Vehicle brand
Premium
Monthly payment
All brands
$2,082
$174
Honda
$2,356
$196
Toyota
$1,890
$158
Ford
$1,776
$148
Hyundai
$2,564
$214
Kia
$2,549
$212
GMC
$1,610
$134
Chevrolet
$2,155
$180
RAM
$2,173
$181
Dodge
$2,173
$181
Jeep
$2,518
$210
Subaru
$2,734
$228
Mazda
$2,130
$178
Nissan
$1,891
$158
Volkswagen
$2,469
$206
Mercedes
$2,635
$220
BMW
$2,807
$234
Tesla
$2,308
$192
Audi
$32,247
$187
***
Get a better rate on London car insurance today
Ready to save more on London car insurance? Compare quotes from Canada's top providers in just a couple of minutes.
Driving in London has its fair share of challenges. There is minimal highway access to get across the city. With railroad tracks running through the middle of the downtown, congestion during rush hour is common. Fender benders are common at busy intersections. This is even more reason for Londoners to compare quotes regularly and ensure they have adequate car insurance.
The following provides more information about roadways, top attractions, parking, and transportation in the city:
Highways
401,402
Highways 2, 3, 4, 7, 22
Public transit
London Transit Commission
Ride-sharing
Uber
Road trips
Port Stanley Beach
Grand Bend
Bayfield
Pinery Provincial Park
Stratford
Parking
City of London
Green P
Impark
Top attractions
Springbank Park/Storybook Gardens
Bolar Mountain
Victoria Park
East Park
Sunfest
Worst intersections
Wellington and Exeter
Wellington and Commissioners
Highbury and Oxford
Wharncliffe and Oxford
Richmond and Oxford
Fanshawe Park and Adelaide
Airports
London International Airport
Car insurance for London driving conditions
The city gets its fair share of different driving conditions. Almost half of the days during the year have some form of precipitation. Even so, Londoners need a good car insurance policy to protect themselves. With constantly changing weather, the forecast must be checked before leaving the house. Be ready to experience a variety of road conditions.
Make sure you have the best car insurance for driving in London by comparing coverage options from multiple providers.
44 mins
Avg. daily commute time
946 mm
Avg. annual rainfall
1,943 mm
Avg. annual snowfall
106
Rainy days per year
60
Snow days per year
Traffic and London auto insurance rates
These London stats reveal that it is a vibrant city with a lot of traffic. This translates to considerable driving, which can lead to accidents and increased auto insurance rates in London.
London’s population is 422,324 (2021 census), making it the 15th largest city in Canada. The population has increased by 10% over the past five years.
It is located at the junction of Highway 401, connecting Toronto to the east and Windsor to the west. It also connects Highway 402 to Sarnia. The city is near Highway 403, which meets the 401 at Woodstock. This connects to Brantford, Hamilton, other parts of the Golden Horseshoe area, and the Niagara Peninsula.
There are more than 1,000 vehicle thefts per year in London. Thefts peaked in 2021 with 1,258. There were 1,009 in 2023, costing an estimated $14,789,989, according to the London Free Press.
There were 8,300 traffic collisions (10 fatalities) in 2022, according to the London Police.
London driving tips
Here is some important information that can affect auto insurance costs in London. Use these tips to drive safely :
Avoid railway crossings downtown. They can significantly delay traffic. Choose a route with a bridge over the tracks.
Use Highway 401 to drive across the south end of the city.
Avoid all major streets during rush hour. Wonderland, Wellington, Oxford, and Fanshawe have significant traffic during this time.
There is a series of one-way streets in the downtown core. Be conscious of them when turning right or left.
Watch out for students from Western University and Fanshawe College.
London car insurance FAQs
Yes, London is cheaper than many other big cities in the province. It’s also more expensive in some cases. London car insurance costs about $2,082 annually. This is about the same as the provincial average. However, rates can be higher or lower based on your specific situation. Compare car insurance quotes to see how much you can save.
The cost of car insurance premiums in London can be affected by many things. One of the biggest factors that can directly impact your rates is your location. Your vehicle, driving history, drivers on your policy, theft, fraud, and more also matter.
These factors contribute to insurance companies arriving at different premiums. They are based on specific algorithms they use to determine rates. Policy costs can vary significantly between insurers for the same quote information.
They may increase, but they may not. Many factors affect London car insurance premiums, some of which you can control and others of which you cannot. Focus on the factors you can control to get the lowest rate. This includes the car you drive, your driving record, and diligently comparing quotes.
No. Paying off your car loan will not reduce your auto insurance rates in London. But when you own a vehicle outright, you have more options. This could reduce your premium.
You have access to a large selection of car insurance companies in London. Each insurer offers unique pricing, plans, and coverage. Therefore, it's important for you to find a company that offers a plan that meets your specific driving needs. This will be the best car insurance company for you.
ThinkInsure partners with the leading insurance companies in Canada. They include Aviva, CAA, Intact, Travelers, Wawanesa, Economical, Pembridge and so many more. You can get a quote from these providers anytime.
Start saving on London car insurance
Is it time to renew your car insurance policy? Ensure you're getting the lowest rate by comparing quotes with the top insurers in the country. We’ll quickly find you the best premium to help you save more on car insurance in London. Get a quote online or speak with an advisor today.
* Based on the difference between the average lowest premium and the overall average premium in London for estimates completed from January 1 to March 31, 2025, for drivers with a clean driving record.
** Estimated prices are based on data entered from 2019 to 2025 by drivers with a clean driving record living in London on ThinkInsure.ca.
*** Estimated premiums are based on data entered by individuals on ThinkInsure.ca from January 1, 2025, to March 31, 2025.
Nolan is a content marketing manager and writer at ThinkInsure. He has 15+ years of experience in the insurance industry, working with brokerages and direct insurers to create compelling insurance content, specializing in auto, home, and commercial.
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