Car Insurance Ontario Car Insurance

Ontario's Best Auto Insurance Rates

Car Insurance Ontario

Saving on Ontario car insurance is easier than you think

We know drivers are tired of paying too much for Ontario car insurance. Finding cheap coverage doesn’t have to be difficult. ThinkInsure helps thousands of drivers find a better rate and save on their auto insurance coverage every month.

Get better car insurance in Ontario

Having proper car insurance in Ontario is more important than ever. There are more than 13.5 million residents in Ontario and this number continues to grow. This means more drivers, more traffic congestion, and a greater chance for auto accidents on roadways.

So it's important to have an Ontario car insurance policy that provides the best coverage and protection. Then you can drive with confidence. We'll help you get the best coverage for your needs at the lowest price.

Find on this page :


How To Get Cheap Ontario Car Insurance Quotes

It's easy to get the cheapest Ontario car insurance quotes. Quickly compare rates in 3 minutes or less from the leading providers to save.

To get the most accurate quote it is helpful to have :

  1. Address and driving information
  2. Your vehicle information

Simply fill out information about yourself, your driving history and vehicle :

Step 1

Start Your Quote


Enter your postal code and some basic information.

Start
Step 2

Enter Your Driving Information


Enter your driving and vehicle details.

Step 3

Compare The Cheapest Quotes


Compare quotes from the leading companies.

Step 4

Choose The Best Rate


Choose the lowest rate and get your policy.

About Car Insurance In Ontario

Here are some important things to know about how car insurance works in Ontario :

  1. Car Insurance Is Required By Law For Ontario Vehicle Owners : It is required by law for car owners to have car insurance coverage to drive on Ontario roadways. There is a minimum amount of mandatory coverage needed which is part of a standard policy that includes third party liability, accident benefits, DCPD and uninsured motorist coverage. Drivers can get additional optional coverage if they want for better protection.
  2. Ontario Auto Insurance Is Through Private Companies : Auto insurance in Ontario is under a private insurance model. Drivers must buy their insurance policy from private insurance companies via a broker or agent.
  3. Ontario Auto Insurance Is A No-fault System For Claims : This means that each driver goes through their insurance company when a claim is made regardless of who is determined to be responsible for the accident.
  4. Ontario Auto Insurance Is Regulated By The FSRA : The Financial Services Regulatory Authority of Ontario (FSRA) regulates the auto insurance market. The industry used to be regulated by the Financial Services Commission of Ontario (FSCO) which changed on June 8, 2019.

Insurers use many factors to determine car insurance rates across Ontario. Here are some of the key factors that impact the cost of a car insurance quote :

  • Driving experience : Experienced drivers are less likely to get into accidents compared to novice drivers.
  • Your age, gender and marital status : Insurers consider personal information such as your age, gender and marital status when determining premiums.
  • Your driving record : A clean driving record can make a huge difference in how much you pay for coverage. Accidents, traffic violations, and claims will increase your Ontario car insurance rates.
  • The vehicle you drive : The type of car, make and model, age, safety ratings, cost, theft rate, repair costs all have a big impact on auto insurance rates.
  • How use your car : Do you use your vehicle to commute to work? How many kilometers do you drive per year? The less you drive the lower your insurance rates will be.
  • Your postal code : Insurers consider where you live as a big factor when determining your premium. If your neighbourhood has higher statistics for car theft and accidents, your insurance premiums will be higher. Drivers in cities generally pay higher rates than in rural areas.
  • Coverage amounts : The type and amount of insurance coverage you select will impact your rates. Additional coverage will increase your premium but you will get better protection.
  • Your insurance history : Gaps in coverage, payment issues and claims will increase your rates.

All drivers are subject to auto insurance rules in Ontario. Insurance laws are regulated by the Financial Services Regulatory Authority of Ontario (FSRA). These rules are in place to help regulate drivers and insurers.

There are rules for :

  • Insurance eligibility
  • Coverage requirements
  • Buying coverage
  • Filing claims
  • Consumer rights and responsibilities
  • Proof of coverage
  • Cancellations
  • And much more

All drivers should become familiar with the Ontario car insurance rules and laws. Breaking these rules could result in fines, loss of coverage, increased premiums, and even criminal charges.

Insurers can apply to have their Ontario car insurance rates increased which must be approved by the FSRA. This occurs because of changes in coverage offerings or expenses such as claims costs. Requests to increase rates must be reasonable. The FSRA can require insurers to lower rates when auto insurance system changes occur.

Ontario rates have increased for 9 consecutive quarters (Oct 1, 2017 to Dec, 31 2019). Here is a summary of insurance rate changes since 2014 :

Quarter Overall Rate Change
Q4 2019 +1.56%
Q3 2019 +2.60%
Q2 2019 +2.00%
Q1 2019 +2.70%
Q4 2018 +3.35%
Q3 2018 +2.06%
Q2 2018 +1.10%
Q1 2018 +2.23%
Q4 2017 +1.03%
Q3 2017 -0.10%
Q2 2017 +0.76%
Q1 2017 +1.24%
Q4 2016 -0.14%
Q3 2016 +1.50%
Q2 2016 +0.33%
Q1 2016 -3.07%
Q4 2015 -0.15%
Q3 2015 -0.50%

Drivers meet the following eligibility rules and requirements to get auto insurance in Ontario :

  • Must be an Ontario resident
  • Must have a valid Ontario drivers licence
  • Must not have any fraud convictions and be in good legal standing
  • Must disclose all information required and be truthful on the Ontario auto insurance application
  • Vehicle must be for personal use only
  • Must not have any outstanding insurance payment issues

How Much Does Car Insurance Cost In Ontario?

Auto Insurance Ontario Cost

The average cost of Ontario car insurance is $1,505 according to the Insurance Bureau of Canada (IBC). Car insurance rates are higher for drivers who live in large cities and urban areas. Rates tend to be cheaper in more rural areas and in Northern Ontario.

Tips To Get Cheap Car Insurance In Ontario

We understand that you want to get the cheapest car insurance rates. Here are some great tips to help you get the lowest rates and save on Ontario auto insurance :

  1. Shop Around And Compare Quotes : Insurance rates vary between insurance providers and change often. Shopping around is the best way to find the lowest rate for your insurance needs.
  2. Bundle Coverage : Combine your home and auto insurance policy with the same insurer. Save up to 20%.
  3. Look For Discounts : Car insurance providers offer many different types discounts. Ask your insurer which ones you qualify for and see how much you can save.
  4. Use Winter Tires : Install winter tires on your vehicle and save up to 5% right away. It's a safe and easy way to get lower rates.
  5. Insure All Vehicles On The Same Policy : Insure all your vehicles together with the same insurer. Save up to 15% on all vehicles included in your policy.
  6. Don't Drive As Much : You can save a lot by driving less. Commute to work using public transit if possible and tell you insurance company.
  7. Only Get The Coverage You Need : Only get the coverage you need. If you drive an older vehicle consider dropping optional coverage to save money.
  8. Increase Your Deductible : Your deductible is the amount you pay if you make a claim. If you increase it from $500 to $1,000 you could save up to 10%.
  9. Drive A Safe Car : The vehicle you drive will impact your rates. Driving a car with a high safety rating will lower your rates. Compare insurance rates of the vehicles you are considering before you buy it.
  10. Review Your Policy Each Year : A lot can change in a year. Review your policy each year prior to renewal. Does your coverage match your driving needs? Do you need to add or remove coverage types?
  11. Pay Your Premiums Annually : Pay your annual insurance premium in advance to avoid administrative fees. Some insurers offer a discount for paying in full.
  12. Complete Driver Training : This is particularly important for new drivers. Completing driver training with an accredited driving school helps to lower your rates.

Standard Car Insurance In Ontario

Ontario car insurance policies have different levels of coverage. All drivers must have a minimum amount of coverage that is included in a standard policy. It may not be enough to fully cover costs of an accident, injuries, and lawsuits. Standard car insurance policies cover the repair/replacement of your vehicle, medical costs, and liability.

Get the auto insurance policy that meets your unique driving needs by adding optional coverage to customize your policy.

Mandatory Car Insurance Coverage In Ontario

There are four types of mandatory coverage required by law to be included in your Ontario car insurance policy. This applies to vehicles leased, financed or owned by the driver.

Third Party Liability

All drivers must have a minimum of $200,000 in third party liability coverage. This coverage protects you in the event you cause damage or injure someone. You can increase your coverage amount for added protection.

Statutory Accident Benefits

Drivers get certain medical benefits and other expenses if injured or killed in an auto accident. You can purchase additional coverage for most accident benefits.

Here is the minimum coverage included in a standard auto insurance policy :

  • Medical payments : Up to $65,000 for non-catastrophic injuries or up to $1 million for catastrophic injuries.
  • Funeral expenses : Up to $6,000.
  • Disability income benefits : $185/week for 104 weeks.
  • Death benefits : Minimum of $25,000 to spouse and $10,000 to dependants.
  • Income replacement : 70% of gross wages. Maximum of $400 per week.

Learn more about what's covered under statutory accident benefits in Ontario.

Direct Compensation Property Damage (DCPD)

This covers damage to your vehicle in accidents where you are not at fault. For this coverage to take effect, the accident must occur in Ontario and must involve another insured vehicle.

Uninsured Automobile

This provides coverage in the event of injury or death by an uninsured motorist. It also applies if you’re involved in a hit and run.

Optional Car Insurance Coverage In Ontario

Ontario drivers can add extra coverage that is above the minimum coverage for third party liability and accident benefits. There are also different types of optional car coverage available for additional protection :

Comprehensive Coverage

Comprehensive insurance coverage provides you with protection for vehicle damage by weather events, theft, vandalism, fire, earthquake, and falling objects.

Collision Coverage (or called Upset Coverage)

Collision insurance coverage protects against damage from a collision by another car or object. This coverage applies to most types of accidents.

Specified Perils Coverage

This protects against pre-defined risks named in your policy that can include theft, fire, wind, hail, water, and other types of damage. You have coverage for the perils listed in your policy only.

All Perils Coverage

This coverage combines comprehensive and collision. You have coverage for all types of risk unless they are explicitly excluded in your policy.

Ontario Car Insurance FAQs

Here are some of the common questions we get about car insurance in Ontario :

Auto insurance rates in Ontario are some of the highest in the country. British Columbia is the only province more expensive car insurance rates. One of the main reasons why it is so expensive is the prevalence of insurance fraud. This increases claims costs.

Other factors that impact car insurance rates include higher repair costs, more accidents, and increased average claims costs.

There are many auto insurance companies in Ontario. Their rates and the types of drivers they prefer vary significantly. Some companies prefer good drivers and other will accept drivers with some accidents or tickets. Some have good prices in cities while others do in rural areas.

Insurance companies also change their rates often based on claims experience and the factors they use to determine premiums for drivers.

So there is no single insurance company that is the best or cheapest. The best way to find that out is to compare quote from multiple providers.

Toronto and the GTA is the most expensive region. Other cities like Ottawa and Hamilton also have higher rates.

Smaller towns in rural areas have the most affordable rates. So areas in Southwestern and Northern Ontario tend to have lower auto insurance rates.

Getting the cheapest car insurance in Ontario is unique to each driver. There are many factors that contribute to getting lower rates. Insurance deductibles, coverage limits for collision and comprehensive coverage impact how much you pay.

Other factors like your driving record, claims history, vehicle, and insurance discounts also affect your insurance premiums. Comparing quotes from multiple providers is the best way to get cheap insurance.

There are four main types of mandatory coverage in an Ontario car insurance policy :

  1. Third Party Liability
  2. Direct Compensation Property Damage or DC-PD
  3. Uninsured Motorist
  4. Accident Benefits

Ontario drivers can also get optional types of coverage such as collision, comprehensive and all perils coverage for additional protection.

Ontario auto insurance rates continue to increase as vehicles become sophisticated and expensive. This means that they are more expensive to repair and insurance companies have noted increase repair costs.

Distracted driving and the use of cell phones while driving has increased the number of accidents in Ontario. This increases the amount of claims for repair costs and accident benefits that need to be paid out by insurers.

The Ontario Government has announced significant changes to the auto insurance system as part of the 2019 Ontario budget. The proposed changes seek to simplify the auto insurance system. The aim is to make it more competitive and reduce insurance costs for drivers.

The key areas of the plan are :

  • Driver care plan
  • Fraud prevention
  • More insurance coverage options
  • More ways for drivers to save
  • Reduced regulation
  • Increase online access to insurance services, payments, and better communication

Read more about the proposed auto insurance changes in the 2019 Ontario budget.

No. Credit score checks are not required to get car insurance coverage in Ontario. They also have do not have any impact on the price of premiums.

Save Up To 30% On Ontario Auto Insurance

All drivers are different. The safer you drive, the amount you drive and the times you drive can impact your Ontario car insurance rates. Why pay more if you don't need to? You could save up to 30% per year with usage based insurance.

Immediate discounts are available. Speak with us for more details and to get a quote.

Ontario Driving And Auto Insurance Facts

Ontario is home to more people and drivers than any other province. There are more than 14 million people and more than 10 million registered drivers across the province.

Do you commute daily on the 401 or QEW? Spend your weekends driving in the country side or cottage country? Enjoy Niagara wine country? Or, do you love to head up north to explore the natural wonders of Northern Ontario? You need a good insurance policy.

Drivers need to understand driving and auto insurance in Ontario. Here are key stats and facts :

  • Licenced drivers and registered vehicles : According to MTO, there are 10,417,581 licenced drivers. There are 9,855,487 registered motor vehicles in the province.
  • Private coverage : Drivers get insurance from private insurers. There is no public insurance coverage.
  • No fault : Ontario operates on a no fault insurance systems. Drivers deal with their own insurer for accidents and claims.
  • Rates are increasing : There has been a large increase in auto insurance rates since 2004.
  • Rates are higher in the city : Drivers pay more for auto insurance if they live in the GTA. Rates are cheaper up north and in rural areas.
  • Insurance fraud : Its estimated fraud costs the insurance industry about $1.3 billion a year in Ontario. Insurers use between 15-20% of insurance premiums to cover the increasing cost of fraud and theft.
  • Vehicle theft : Police reported about 85,000 vehicle thefts in Ontario in 2007. According the IBC, car theft occurs every 7 minutes in Canada.
  • Distracted driving : According to Ontario.ca, deaths from collisions caused by distracted driving have doubled since 2000. Injuries in a distracted driving collision happen every 30 minutes.
  • Accidents : According to the MTO, in 2018, there were 35,746 reported collisions.

Get Ontario Car Insurance Quotes And Save On Coverage

ThinkInsure car insurance experts are on your side. We work for you, not the insurers. We are an independently owned company so we’re unbiased. We can help you find the best rates and coverage for your needs.

Compare And Save

Drivers can save up to $500 or more on when comparing quotes. We can quickly get quotes from the best insurance companies in Ontario.

Expert Savings Advice

Our Ontario auto insurance experts are licenced and trained professionals. We'll help you save and answer all your insurance questions.

One Stop For Car Insurance

We’ll take care of all your Ontario car insurance needs. Get quotes, get coverage and get service. Quick and easy insurance savings and coverage.

Find better rates and so much more!

ThinkInsure is much more than a comparison site for auto insurance rates. Unlike other comparison sites, we do not sell your car insurance quote information.

We are licenced insurance advisors and want to help you with all your insurance needs. We'll simplify the car insurance process. We’ll work hard to help you with your insurance and save you money year after year.

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