How does car insurance work in Richmond Hill?
Car insurance works the same in Richmond Hill as it does throughout Ontario. It 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 insurance from private insurance companies directly or through an insurance broker. Your options vary based on the insurance company. 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 :
- Collision
- Comprehensive
- Specified perils
- All perils
Want a cheap car insurance quote in Richmond Hill?
Do you have the cheapest car insurance in Richmond Hill? Most drivers don’t. But a little time and effort can help you change this.
To reduce how much you pay, it’s important to shop around and review your options before you buy a new policy or renew your existing policy.
Shopping around and comparing premiums allows you to see what insurance companies have to offer and helps you make an educated decision.
We make the auto insurance quote comparison process quick and easy for people in Richmond Hill. Our customers get the best coverage, and industry leading advice and support.
Why are Richmond Hill car insurance rates so high?
Richmond Hill car insurance rates are higher than drivers would like. Many factors contribute to the higher than average rates in the area :
- Higher traffic volume
- More accidents
- Fraud
- Increased risk to drivers
- The younger population of residents
How much is car insurance in Richmond Hill?
While Richmond Hill car insurance rates are not as high as car insurance in Toronto or other cities in the GTA, they are still higher than the average Ontario car insurance quote.
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.