If you're male and under 25 in Ontario, you're going to get dinged hard. It sucks, but it's the way the system's setup. Other than complaining to your MPP about enacting change, you're mostly out of luck. If you're in a large urban area like Toronto, it's also going to hurt since you're paying for other people's accidents. Here's a map from Kanetix to give you an idea of insurance rate differences across Ontario.
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.
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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.
If you’ve chosen to include Collision coverage, Comprehensive coverage, or both on your auto insurance policy, the broker or agent you speak with when discussing your insurance needs will ask you about deductibles. Specifically, you’ll be asked how much you’d like your deductibles to be. Give this question some thought before answering because you’ll want to pick a deductible that fits your budget and will not cause financial stress should you need to submit a claim. While it’s true, your car insurance premiums will be lower with a higher deductible, your deductible needs to align with your personal finances. In general, the most common choices for deductibles are $1,000 or $500; however, there may be other deductible options available to you that may better fit your needs.
Become an occasional driver under your parents’ policy – Consider being an occasional driver before getting your own car and becoming a primary driver. Occasional drivers pay significantly less for auto insurance. You can build up driving experience while being an occasional driver and end up paying less for auto insurance once you become a primary driver down the road.
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.
Another important aspect of buying car insurance at a rental location – it probably has much lower insurance limits than your personal car insurance. Let’s say, if you have $2,000,000 liability on your personal policy, an insurance policy purchased in a rental location might only have the minimum required by law – and that’s just $200,000 in Ontario.
Each quarter, insurers can apply to have their rates increased or decreased. The Financial Services Commission of Ontario (FSCO), which oversees insurance regulation in the province, approves or denies these requests. Most of the time, insurers request rate increases due to changes in a particular coverage. For example, an insurer experiencing an increased prevalence in payouts resulting from car accidents might apply to have rates increased to help offset the costs of increased claims.

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.
Car owners in Canada are required to insure their vehicle on some level. This is because car accidents happen every day, and the people who are involved in these accidents need to have protection for themselves, their passengers and their vehicles. Avoiding citations for lack of insurance can be handled simply by purchasing the cheapest insurance policy a driver can find.
To drive in Canada, auto insurance is required by law from coast-to-coast-to-coast; however, the cost for coverage varies significantly depending on which province or territory you live in. A recent report (2017) commissioned by Ontario’s Ministry of Finance detailed the average auto insurance premiums paid by drivers across the country, and the range in rates is considerable.
Finding the best available auto insurance quotes in Ontario isn't just about getting coverage at a cost that's inexpensive. We understand that the most reliable coverage is personalized to take your lifestyle and insurance requirements into consideration. That's what you'll get from The Co-operators. We provide personalized auto insurance quotes because we respect your needs AND your budget. Choose the city nearest you to receive local auto insurance quotes in Ontario now.
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.
While vacationing in California, you have a serious accident for which you are held responsible, leaving the other driver seriously injured. The other driver decides to sue, which results in a judgment against you for the damages to the other driver's vehicle, medical expenses and loss of revenue. The settlement is expensive, but your Additional Third Party Liability helps to cover it.

Ajusto is a usage-based insurance program that you can enjoy on your smartphone to help you monitor and improve your driving habits. The app will provide you your driving score that will determine your savings on your auto insurance premium at renewal. Using Ajusto never results in a rate increase or penalty. Everyone wins with enhanced safety and savings!​
Getting started is easy, and all it takes it filling out one form. From there, we do the legwork and get rates from over 50 providers in Ontario. We show you quotes directly from the insurers, so there’s no need to go to multiple websites and fill out the same form over and over again. What’s more, we show you the best rates available, making it easy for you to pick the coverage and price you like best for your needs.
ERS insurance provides you with roadside assistance in the event of a breakdown or mishap while you're out driving. It also covers the cost of getting your car back on the road. Those costs may include light mechanical labour, an oil or gas delivery, new batteries, a boost, tire changes, locksmith services, or even a tow. With help on the way, ERS takes the stress out of a breakdown.
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