What is the average cost of Mississauga car insurance?
The average car insurance cost in Mississauga is $2,086 per year. This makes it one of the top 5 most expensive cities to buy insurance. The average Ontario driver pays about $1,634, so Mississauga drivers pay over $400 more per year for their auto insurance.
Premiums are similar to Toronto car insurance and with other cities in the GTA.
![Average Mississuaga car insurance rate compared to other Ontario cities info graphic]()
![Average Mississuaga car insurance rate compared to other Ontario cities info graphic]()
2020 data from the Insurance Bureau of Canada
Mississauga car insurance rates from 2020-2023
The cost of insurance is a variable that undergoes regular modifications. These adjustments are based on insurers' analysis of data pertaining to claims, repair costs, accidents, and various other factors. Moreover, your driving record and potential qualification for discounts can also contribute to rate changes. As you can see below, rates have fluctuated over the past few years:
| Year |
Average annual premium |
| 2023 |
$2,228 |
| 2022 |
$2,447 |
| 2021 |
$2,551 |
| 2020 |
$2,659 |
| Average rate (2019-23) |
$2,471 |
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Mississauga auto insurance premiums by driver type
Your auto insurance payments are influenced by your driver classification. Variables such as age, demographics, driver classification, and driving record are considered by insurers when determining your premiums. To examine the effect of these factors on your payments, we analyzed our customer quote data. Here is what we discovered:
- Age is a big factor - young drivers pay much more than middle age and mature drivers.
- Males pay more than females. Single people pay more than married.
- A ticket or accident can increase your rates by more than 30%.
| |
Premium |
Monthly |
Difference |
| Driver type |
| All drivers |
$2,242 |
$187 |
0 |
| Young drivers (25 and under) |
$3,209 |
$267 |
43.13% |
| Middle age (25 - 50) |
$2,682 |
$224 |
19.63% |
| Mature/senior drivers (50+) |
$1,969 |
$164 |
-12.18% |
| High risk drivers |
$7,357 |
$613 |
228.14% |
| Demographics |
| Male |
$2,294 |
$191 |
2.32% |
| Female |
$2,116 |
$176 |
-5.62% |
| Married |
$2,235 |
$186 |
-0.31% |
| Single |
$2,317 |
$193 |
3.35% |
| Driving record |
| Clean driving record |
$2,242 |
$187 |
0 |
| 1 ticket with past 3 years |
$2,315 |
$193 |
3.26% |
| 1 accident in 3 years |
$2,819 |
$235 |
25.74% |
| 1 cancellation in 3 years |
$2,783 |
$232 |
24.13% |
| 1 suspension in 3 years |
$2,968 |
$247 |
32.38% |
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Auto insurance rates in Mississauga compared to local cities nearby
Compared to other cities in the region, Mississauga is middle of the road. See the comparison here:
| City |
Avg premium |
| Georgetown |
$2,892 |
| Brampton |
$2,729 |
| Etobicoke |
$2,423 |
| Toronto |
$2,268 |
| Mississauga |
$2,242 |
| Milton |
2,184 |
| Oakville |
$2,106 |
| Burlington |
$2,002 |
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What areas in Mississauga have the cheapest car insurance?
Your location within a city can impact your insurance costs. In Mississauga, the disparity between postal codes could result in a difference of hundreds of dollars. If you have plans to relocate, this is an important factor to take into account.
As you can see below, those in L5H and L5G are the most affordable costs. L5W is the most expensive.
| Area in City of Mississauga |
Postal Codes |
Avg Premium |
| Meadowvale |
L5W |
$2,572 |
| Lorne Park |
L5H |
$1,923 |
| Port Credit |
L5H, L5G |
$1,863 |
| Cooksville |
L5A, L5B |
$2,351 |
| Streetsville |
L5M, L5N |
$2,206 |
| Erin Mills |
L5K, L5L |
$2,039 |
| Hurontario |
L5R |
$2,320 |
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Mississauga car insurance premiums by vehicle brand
What do you drive? It’ll affect your premiums. Here’s a breakdown of insurance by vehicle brand:
| Vehicle brand |
Premium |
Monthly payment |
| Honda |
$2,318 |
$193 |
| Toyota |
$2,214 |
$185 |
| Ford |
$1,883 |
$157 |
| Hyundai |
$1,975 |
$165 |
| Kia |
$2,620 |
$218 |
| Chevrolet |
$2,408 |
$201 |
| RAM |
$1,803 |
$150 |
| Dodge |
$1,803 |
$150 |
| Jeep |
$1,830 |
$153 |
| Subaru |
$1,308 |
$109 |
| Mazda |
$2,479 |
$207 |
| Nissan |
$2,615 |
$218 |
| Volkswagen |
$1,478 |
$123 |
| Mercedes |
$2,757 |
$230 |
| BMW |
$2,336 |
$195 |
| Tesla |
$2,848 |
$237 |
| Audi |
$2,313 |
$193 |
| Lexus |
$2,446 |
$204 |
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