Overall, men are considered riskier drivers. According to Statistics Canada, men are involved in more than twice as many deadly collisions than women. Drivers under the age of 25, particularly single males, have statistically higher collision rates, and therefore pay higher rates. Insurance is all about assessing risk based on data, so companies consider a number of general factors, including time spent driving, type of vehicle, number of accidents, and general driving behaviours. In some cases, being married – especially if your partner has a good driving record – can reduce your rates.
If something sounds too good to be true, it likely is, and this is true for Ontario car insurance. As you compare car insurance quotes, it is not recommended to seek only the cheapest overall price. Just as a cheap Internet provider with slow service is not preferable, a quote that is significantly lower than the competition likely has hidden downfalls that you should look into. As you compare coverage, make sure to consider things such as the deductible. After all, the point of insurance is to have peace of mind in the event you were to get into an accident. The added investment in a policy that has a lower deductible is often worth the extra monthly payment.

Because you travel, we recommend this coverage. Other provinces and countries can have different laws and higher court costs, the risks of which this coverage reduces. Because you have non-family members as passengers, we recommend this coverage. If you are liable in an accident involving people and property not in your family, you’ll have coverage for their damages and your legal fees. Because you travel and have non-family members as passengers, we recommend this coverage. If you are liable in an accident involving people and property not in your family, you’ll have coverage for their damages and your legal fees which is especially important when travelling to places with different laws and court costs.
Credit Cards Savings: Based on avoidance of unnecessary card fees and correctly chosen insurance protection via a credit card, including $280 in rental car insurance (renting a car for 2 weeks per year), $70 in card fee (fee difference for cards with similar insurance protection), $70 in travel medical insurance for one person for three weeks, and $80 for extended warranty for one electronic device purchased during a year.
Perhaps the worst kept secret or simply the best advice to finding cheap car insurance in Toronto is something you’ve heard over and over again: shop around and compare. Comparing car insurance quotes from multiple companies is one of the the best options available to save money and a simple, convenient way to accomplish this is by going online to do your research. In fact, some car insurance companies in Toronto will give you a 5 to 10 percent discount just by filling out your information and signing up for a policy online because you are saving them from using costlier resources. We’ll insert a shameless plug here and inform you that Rates.ca simplifies the online research process with a proven customized comparison tool that helps you obtain among the lowest car insurance policies on the market.
*75% of Kanetix customers in Ontario who participated in the survey said Kanetix helped them identify an average savings amount of $610 (June – November 2017) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.
What you use your vehicle for and how often you’re behind the wheel can be a contributing factor in setting car insurance premiums. To get the best rates possible, always try to be as specific as you can about your driving habits. You might consider installing a Usage-Based Insurance (UBI) unit on your car, which tracks where and how you drive, to provide proof of your driving habits. These devices often reward good driving behavior (and penalize bad driving habits such as speeding).

Δ PC pet insurance and travel insurance are arranged for by PC Financial Insurance Agency Inc. and are underwritten by selected Canadian insurers. PC Financial Travel Insurance To Go is not available in Quebec or New Brunswick. PC travel insurance online is available in all Canadian provinces except Quebec. PC pet insurance is available in all Canadian provinces.
Many insurance companies offer affordable policies that contain the minimum amount of coverage required by law. But be careful – such policies may look attractive on the surface, but have gaps in coverage that can end up costing you money. So it’s important to know what you’re covered for, but also to choose a reputable company that will stand with you when you need them. At Liberty Mutual, we have coverage options to provide you with affordable car insurance that doesn't compromise on quality. We also offer valuable insurance discounts and multi-policy bundled packages so you can save even more.
What you use your vehicle for and how often you’re behind the wheel can be a contributing factor in setting car insurance premiums. To get the best rates possible, always try to be as specific as you can about your driving habits. You might consider installing a Usage-Based Insurance (UBI) unit on your car, which tracks where and how you drive, to provide proof of your driving habits. These devices often reward good driving behavior (and penalize bad driving habits such as speeding).
Finding the best available car insurance quotes in Ontario isn't just about getting coverage at a cost that's inexpensive. While cost is an important and sometimes deciding factor, what's most important is the level and amount of coverage you'll receive, as well as knowing that you'll receive customer care that you can rely on. You can be certain to receive the total package when you choose The Co-operators. We respect your needs AND your budget with the personalized car insurance quotes we provide. Select the city nearest you to get local car insurance quotes in Ontario, today.
Not all collisions affect your insurance rates, but crashes where you’re deemed at fault will drive up your premiums. Insurers care about your three-year driving record, because that’s how long convictions stay on your driving record. A single speeding ticket may not have a huge impact on your premiums, but repeated infractions could cost you – and serious driving crimes that result in court convictions can really hit hard.

With the unique challenges facing Brampton drivers, locating the lowest car insurance rates is a priority for many. Ratelab’s car insurance calculator is a powerful comparison shopping tool that matches insurance needs with the lowest cost providers. Start the quote process by entering your home postal code below. The process takes just a few minutes and provides you with up to 10 car insurance estimates matched to your needs.
Among the things insurance companies don’t take into account are: employment history, bankruptcy, your housing situation and history, or your net worth. In Ontario and Newfoundland and Labrador, insurers also cannot take your credit score into account when assessing your premiums – but in Nova Scotia they can; in Alberta, they need your permission. Car colour also doesn’t affect rates – it is a widely-believed myth that owners of red cars pay more – they don’t.
But a new type of insurance policy has arrived in Canada that may be just the ticket to help out the high risk driver. Usage based insurance (UBI) has been adopted by several insurance companies in Ontario that are now placing data collection boxes–run by telematics technology–in the cars of their customers to track and record how they drive, including monitoring such things as quick turns, hard acceleration, braking and overall speed. Several Ontario auto insurance firms now present customers with a five to 10 percent discount to do a trial run. In the course of trying to establish a better driving record, having such objective data in the hands of auto insurance providers is bound to help the high risk driver who conforms to safe driving habits.

It is often possible for those seeking cheap car insurance to bundle their service and get an additional discount on other policies such as home insurance. For example, if you have multiple drivers living in a home you own, rather than having separate car insurance policies and a separate home insurance policy, you can often get everything covered in one policy at a significantly discounted rate. Best of all, you can save time when it comes time to pay bills as you will only have to make a single payment.
Because you travel, we recommend this coverage. Other provinces and countries can have different laws and higher court costs, the risks of which this coverage reduces. Because you have non-family members as passengers, we recommend this coverage. If you are liable in an accident involving people and property not in your family, you’ll have coverage for their damages and your legal fees. Because you travel and have non-family members as passengers, we recommend this coverage. If you are liable in an accident involving people and property not in your family, you’ll have coverage for their damages and your legal fees which is especially important when travelling to places with different laws and court costs.
It’s always helpful to ask your colleagues at work, your family members or close friends to recommend their car insurance firm or broker in Toronto, especially of course, if they are happy with the car insurance rate and satisfied with the service provided. In some cases the recommendation is rewarded with a slight, but always welcome, car insurance discount for the referee and somewhat of an incentive for you to provide similar favorable mentions in the future.
We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.
Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.
Something that is quite straight forward for Canadians often turns out to be more complicated for those who are new to Canada. Searching for auto insurance and getting a cheap car insurance policy is one such issue, but we are here to help. Here are some questions you need to answer and steps you need to take to get cheap car insurance if you are new to Canada.
Raising the deductible limits on collision and comprehensive coverage lowers monthly insurance premiums. By taking on more financial responsibility in the case of an accident, a driver lowers day to day costs. A driver must be ready, however, to absorb these costs if an accident occurs. Note that in some cases where a driver is not at fault, other insurance provisions or companies may cover some or all deductible amounts. Check with your agent or broker to determine what applies to your specific policy.
Before shopping for the best car insurance rates, it is a good idea to do a little bit of homework first. Insurance companies know their products, and it can be easy to become tricked into signing on to a policy with hidden downfalls that the average consumer will not think to ask about. Insurance brokers are not obligated to quote the cheapest rate, so you should ask what those rates are and what the policies entail. Another aspect many shoppers forget to consider is cancellation fees. Before signing anything, you should read the fine print. Every policy has different stipulations, and you should understand what those are or risk being dropped if you get a couple of tickets.

In Ontario, the minimum amount of third-party liability coverage, which covers you in a situation where you damage someone else’s property with your car, is $200,000. Although this amount may seem high, it is recommended to take out a plan that offers more protection to help cover you and your family in the event of a more serious accident where people may get injured. If you are in a province which requires a higher minimum, an Ontario car insurance policy must cover the new amount.

You can save a bit of money by paying for your insurance once per year rather than once per month. This helps the insurance company save on the administrative costs of billing you every month and a lot of the time they will pass the cost savings on to you. It means you will have to pay a larger amount all at once, but in the long run it can help you save as long as you have that money up front.
Mortgage Savings: Based on the present value of monthly savings over the mortgage term (3-years). The monthly savings is the difference in monthly payments between the lowest and third lowest mortgage rates from major Canadian lenders as of April 24, 2012. These rates are for a 3-Year closed mortgage for $350,000, with an amortization period of 25 years, in the province of Ontario, for a borrower with a good credit rating.
Third-party liability: In all provinces and territories in Canada, Third-Party Liability is mandatory. This coverage will pay for the outcome of a lawsuit if you are sued because a collision you caused resulted in the injury or death of another, or resulted in damage to their property. Generally, the minimum required amount of coverage you need to have is $200,000, although typically most drivers have at least $1 million. 
This is a question that all drivers want to know the answer to – and in most cases the answer will be “too much”. It’s no secret that Toronto has some of the highest car insurance rates in all of Ontario. Unfortunately, since you live in the Greater Toronto Area, you can already to expect to pay more than other Ontario drivers simply because of where you live.
Depend on The Co-operators for car insurance quotes in Ontario to protect you and everything you cherish. Take a close look at what your specific needs are and then talk to us about the product or service your particular situation demands. It's good to know that you can depend on The Co-operators for personalized coverage and prices that are always fair.

We know driving in Toronto can be challenging, from the Gardiner’s morning gridlock to the crowded parking spots of Bloor. That’s why you need a car insurance plan built for city driving – one suited for the ever-changing road conditions, the speedy freeways and the diverse neighbourhoods. And we take that need very seriously. As a car insurance broker, we shop at up to nine car insurance companies to make sure you get the best rates for your specific driving situation. We’re also available 24/7 to help you with any claims.
×