If you want to save more money on your car insurance, there are a lot of potential ways for you to do so. They all center on reviewing your life, making some changes to your driving habits, and looking into potential discounts you can get. Most importantly of all, always remember to shop around and see your options because you can almost always find cheaper rates somewhere else. Good luck!
In general, the cancellation fee is a percentage of your premium and the percentage charged is determined by how far along you are into the term of your policy. For example, you’ll pay more if your current policy is only four months old than if you’re nine months into your coverage. The cancellation fee charged is basically a sliding scale that typically ranges from two to seven per cent. 
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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.
Parts of your auto insurance policy may have deductibles. A deductible is the portion of an insurance claim you agree to pay. Your car insurance provider covers the remaining cost. Your deductibles play a part in how your rates are calculated. Depending on how much financial responsibility you take on in the event of a claim, your auto insurance rates will reflect your commitment. Take on more responsibility (i.e. increase your deductibles) and your rates will lower, take on less responsibility (i.e. decrease your deductibles) and your auto insurance premiums will increase.

As for best place to shop for insurance, I always try Kanetix before I buy any car (new or used), and every year before my insurance is up for renewal. For the past 4 years TD has been the cheapest for me, but that doesn't mean it'll be cheaper for everyone. It depends on how many cars/drivers you insure, if you insure property, and of course it depends on your record, experience, etc.
If you are self-employed, income means your share (proportionate to your ownership interest) of the income or loss of the business net of all business expenses except income taxes. If you are an incorporated business owner, you may also include any wages, salary, fees or commissions which the incorporated business paid to you as an employee of the business.
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There are alternatives for those who are motivated. The first step is to start shopping for competitive auto insurance rates in Ontario. Using a superior comparison site such as Rates.ca will help any driver find a auto insurance provider in Ontario for a better price than expected. All auto insurance agents and brokers in Ontario do not necessarily operate the same and will arrive at their own assessment, which often means drivers will be presented with a range of insurance options with different cost structures. Even though drivers still fall in the high risk category, it represents an opportunity to start improving your driving record. It’s best to discuss your accidents, infractions and convictions openly and to find out how long a time period they will count against you, as this varies from province to province.
No consideration of your driving experience: Some insurers will accept the fact that you can buy car insurance (with a newly received Canadian driving licence) but will treat you like somebody who has just got a driving licence and has no driving experience. If you are a young driver in Ontario, your rates can reach $250-$350 per month – not a very attractive scenario!
This is what I did 10 years ago when I was in my late-teens and driving. I had an old beat-up car, but my dad was listed as the primary driver and I as the secondary. When I was the primary, my rates were $200. When I was moved to the secondary, they were cut to about $70. Of course, my dad's went up from $60 to $90, but I gladly paid the difference since I ultimately saved $100 a month. I hope this is still the case, but it's worth looking into. TD can give you quotes. I'm with them and I regularly change my insurance information two or three times a year.
The information and examples provided are intended as general information. This information does not constitute legal or insurance advice. You must speak to one of our insurance advisors before purchasing your policy to review additional coverage options and benefits that could be available. Insurance policies contain exclusions and limitations that may affect your coverage and the benefits payable.
Dashboard camera, or “dashcams”, is a new technology that is becoming increasingly popular. The appeal is that if there is a dispute of who is at fault in an accident with no other witness, or the other party flees the scene, you have objective proof to fall back on. There is no mainstream or common discount from most insurance companies, at least not yet. There are some ways they can help lower your rates indirectly, however:
Ontario paved the way for ride-share insurance in Canada by becoming one of the first provinces to introduce insurance products specifically for Uber drivers, and now for Lyft and other ride-sharing platforms. Several insurance companies now offer this type of coverage as ride-sharing increases in popularity, especially in dense urban areas such as Toronto. 
Just wanted to say that the process of getting the quotes to get insured was so quick and efficient and was really impressive. Being in the service industry myself, I was impressed not only with the friendly and obviously knowledgeable person I was dealing with but also getting the quotes in such a professional, quick and thorough way. It seems access to information was ready at my representatives’ fingertips.
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.
Certain conditions, limitations and exclusions apply to all our offers. Not everyone will qualify for a phone or online quote. Insurance products provided by Trafalgar Insurance Company of Canada. Services provided by belairdirect Agency Inc. ®belairdirect. and ®Little Knight Design are registered trademarks of Belair Insurance Company Inc. used under licence. © 2018 Belair Insurance Company Inc., content used under licence by belairdirect Agency Inc. All rights reserved.
The chart above illustrates the average auto insurance premiums across Canada. Typically the province of Ontario is characterized by the highest auto insurance rates. Quebec, as a rule, has more affordable car insurance premiums since the health part of the insurance (e.g. bodily injuries) is covered by the government. Not all provinces allow customers to choose from a variety of insurers. Three provinces have crown companies being the only source of vehicle insurance:

If you drive more than 9,000 km, CAA MyPace may not be for you. When you drive more than 9,000 km on CAA MyPace, you will be charged an administrative fee for each additional 1,000 km increment used. This fee will put you above the price of our traditional Auto Insurance policy so you may wish to discuss options with one of our Agents or your Broker.


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. 
Do you have a teenager with a new license? While this is an exciting time, the idea of your child driving your car around Toronto can be nerve wracking. But with PC auto insurance, you can get the coverage for your child for their driving adventures in the city. Here are some points to consider when adding them to your existing car insurance policy:
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