How does car insurance work in Richmond Hill?
Car insurance works the same in Richmond Hill as it does throughout the province. Car insurance in Ontario is mandatory and all drivers must carry a minimum amount of coverage. You can take out extra coverage to increase your plan limits.
You can buy coverage from private insurance companies directly or through a broker. Your options vary based on the insurer. Coverage is divided into mandatory and optional:
Mandatory car insurance in Richmond Hill
This is included in all policies:
- $200,000 in third party liability
- Accident benefits
- Uninsured motorist
- Direct compensation property damage (DCPD)
Optional auto insurance in Richmond Hill
You can add this to enhance your plan:
- Specified perils
- All perils
How much is car insurance in Richmond Hill?
Average auto insurance premiums in Richmond Hill are about $1,750 annually. The provincial average is $1,634. You can expect to pay approximately $150 to $175 per month. Your rates will vary based on your location within the city, your driving record, and other considerations.
Why are Richmond Hill auto insurance rates so high?
Richmond Hill auto insurance rates are higher than drivers would like. Many factors contribute to the higher than average premiums in the area:
- Higher traffic volume
- More accidents
- Increased risk to drivers
- The younger population of residents