Car insurance in Ontario

The average monthly car insurance cost in Ontario is around $127. 

This works out to $1528 annually, but your personal car insurance rate will depend on several factors that could make it either lower or higher. 

This includes your driving record, claims history, your age and gender, your car and its mileage, and more. 

But, since your car insurance premium is customized to you, the best thing to do if you want an accurate number is to get a quote.

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If you’re looking for the best car insurance in Ontario, the most important thing is to find a company that offers the right kind of coverage for you and your vehicle.

For example, if you drive a luxury or vintage car, you’ll need a policy that covers all its bells and whistles. 

The same goes for if you plan on having multiple drivers listed on your Ontario car insurance policy.

The easiest way to find the best car insurance for you is to work with a broker. They can shop around, and tailor your policy to fit your needs. 

That said, if you want to first browse the top Canadian car insurance companies first to do your own shopping, here’s a list:

• Intact Insurance
• Economical Insurance 
• Belair
• Desjardins

At KBD, we work with Intact Insurance and Economical to get the best car insurance quotes for you.

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Not exactly, but Canadian car insurance companies have access to a general database that holds a record of all driver’s claims history.

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In Ontario, like in other Canadian provinces, if you’re considered a high-risk driver, your insurance premium will reflect that. 

But even if you’re not, there are a few things that all drivers can do to lower their premiums. 

• Find discounts and bundle your policies 
• Drive responsibly
• Use multi-car discounts
• Shop around regularly for better rates
• Increase your deductible 
• Only pay for what you need
• Download car insurance telematics
• Try not to claim
• Pay on time
• Buy a beater

An insurance broker can look over your car insurance coverage to find you better savings. 

Get in touch with our Ontario insurance brokers and we’ll help you save. 

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It’s actually pretty simple. 

First you need to decide whether to go with an insurance broker or directly to an insurance company. 

This will likely depend on whichever company is cheaper!

If this is your first time getting car insurance, or you’ve just moved to Ontario, a broker can make the whole thing easier.

They’ll walk you through the process, and find you the best rate. 

With a direct insurance company, you’ll have to go at it alone.

Next up, you need to get a car insurance quote. You can do this one of two ways. 

1. Online: Get your quote online, think about it, then finalize with an agent over the phone.
2. By phone: A broker can get you a quote in just 3-5 minutes. 

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Yes, this is called non-owner car insurance in Ontario. 

It’s not mandatory, but can be helpful in certain situations. Basically, it covers you if you’re driving, but you don’t own a car. Usually car insurance follows the car, not the person. 

For example, if you live in downtown Toronto, and occasionally rent a car to get groceries, or go on a weekend trip, it can be a good idea to get non-owner car insurance. 

If you don’t own a vehicle, but are in an at-fault accident, you could end up shelling out your own money to pay for the damages.

So, in short, non-owner car insurance is good coverage to have if you’re borrowing, renting, or using car-sharing services.

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Purchasing a car in Ontario comes with the responsibility of obtaining auto insurance.

Here are the key points regarding the timing for acquiring insurance after buying a car:

• Immediate need: In Ontario, you must have insurance in place before you can drive your newly purchased car, even if you’re just bringing it home from the dealership or a private sale.
• Proof of insurance: You’re required to provide proof of insurance when registering the vehicle, which is typically done at the time of purchase.
• Temporary coverage: Some dealerships offer temporary coverage to allow you to drive off the lot, but it’s essential to promptly secure a full insurance policy.
• Consequences of delay: Failure to obtain insurance on time can result in legal penalties and fines.

To ensure you comply with Ontario’s insurance requirements and avoid potential legal issues, it’s crucial to arrange for auto insurance immediately when buying a car.

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Getting your car insurance to cover repairs in Ontario involves following a few specific steps and understanding your policy. 

Here are the steps to take if you’re involved in an accident:

• Report the incident: Notify your insurance company as soon as an accident or damage occurs.
• Review your policy: Understand the coverage and deductible in your policy, as well as any limitations.
• Get an estimate: Obtain a repair estimate from an approved repair shop within your insurer’s network.
• File a claim: Submit a claim with all relevant documentation, including photos, estimates, and accident details.
• Await approval: Your insurer will assess the claim and decide whether to cover the repairs.
• Pay your deductible: If approved, you’ll typically need to pay your deductible, and the insurance will cover the remaining repair costs.

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Wondering how to get cheap car insurance in Ontario?

Car insurance costs in Ontario can be high, but there are ways to save money without sacrificing coverage. 

Here are some strategies to get cheaper car insurance in Ontario:

• Shop around: Obtain quotes from multiple insurers to find the most competitive rates.
• Bundle policies: Combining auto and home insurance with the same provider often results in discounts.
• Increase deductibles: Opt for a higher deductible to lower premiums, though you’ll pay more out of pocket for claims.
• Maintain a clean driving record: Safe driving and avoiding traffic violations can lead to lower insurance rates.

Your car insurance broker can advise you on the best ways to save money, based on your individual profile. 

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Car insurance rates in Ontario are calculated based on various factors of a client’s profile. 

Here are the key considerations in how car insurance is calculated in the province:

• Personal information: Your age, gender, and marital status can influence rates.
• Driving record: Your history of accidents, claims, and violations plays a significant role.
• Vehicle details: The make, model, year, and safety features of your car are considered.
• Location: Your address and where you primarily drive affect rates.
• Coverage levels: The extent of coverage, deductibles, and additional options selected impact costs.

It’s important for Ontario drivers to be aware of these factors, as they can influence the cost of their car insurance.

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Finding the cheapest car insurance in Ontario for you (it’s different for everyone) depends on a few key factors. 

If you drive like Speedy Gonzales and have made claims for several accidents, that will be reflected in your car insurance premium.

On the flip side, if you’ve got a friend who’s a super careful driver, they’ll generally pay less. 

But if you’ve landed yourself in the specialty/substandard (aka: high risk and high rates) insurance market, here’s a few things you can do to get cheaper car insurance in Ontario:

1. Use car insurance telematics
2. Avoid making claims
3. Buy a cheap car
4. Pay on time 

The best way to keep your car insurance cheap is to drive responsibly so that you can avoid making claims, and keep your premiums as low as possible.  

Chat with an Ontario car insurance broker about the best way for you to save.

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Car insurance is mandatory in Ontario and all drivers have to carry at least $200k in liability coverage. 

So to make sure you’re following all the Ontario car insurance rules and regulations, you must carry the following coverage on your policies:

• Third party liability: Provides coverage if you’re responsible for property damage, injury, or death. 

• Statutory accident benefits coverage: Covers expenses related to income replacement, medical and rehabilitation, and death and funeral expenses, etc. 

• Uninsured automobile coverage: Pays out for damages that are caused by a driver that doesn’t have auto insurance. 
• Direct compensation – property damage insurance (DC-PC): Covers you if your vehicle is damaged in an accident in which you’re not at fault. 

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You must have car insurance to legally be able to drive in Ontario, and there are both mandatory and optional coverages. 

Mandatory coverages:

• Statutory accident benefits coverage: Covers income replacement, medical and rehabilitation, death and funeral expenses, etc. 
• Third party liability: Covers you if you’re responsible for property damage, injury, or death. 
• Uninsured automobile coverage: Covers you if you’re in an accident in which damages are caused by a driver who doesn’t have auto insurance. 
• Direct compensation – property damage insurance (DC-PC): Covers your expenses if your vehicle is damaged in an accident that you didn’t cause.

In Ontario, collision and comprehensive car insurance is optional. 

Pro tip: if your car is financed or leased, the company will require you to carry full car insurance.

Speak with your Ontario car insurance broker to see if these would be a good fit for you. 

Call our Ontario office today. 

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Cancelling subscription plans usually comes with charges. 

There’s a penalty fee for cancelling your car insurance in the middle of your policy term, and it can reflect badly on you in the eyes of insurance companies. 

Since car insurance is mandatory in Ontario, it doesn’t look so great to have gaps in your coverage. 

BUT if you do need to cancel your Ontario car insurance, here’s our best advice:

1. Wait until your renewal date to cancel. You’ll avoid the penalty fee of a short-rate cancellation, and stay in good standing with your insurance company. 
2. Keep up-to-date with your insurance. If you don’t have car insurance for a few years, you go back to square one, as though you don’t have any insurance experience. And first time car insurance buyers pay higher premiums, which is worth avoiding.
3. Take advantage of the ‘storage endorsement’: This is coverage designed for people with summer cars, but it’s completely legal for people who are temporarily car-less to use. You’ll be covered for fire, theft, and vandalism, and will only pay 15-20% of your original rate. Collision coverage is not included.

Still have questions? Check out this blog on how to cancel car insurance without charges.

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In general, if they have a valid Canadian licence and your permission, they can borrow your car without being listed on your insurance policy (if it’s going to be for a short period of time). 

BUT if they use your car on a regular basis, add them to your insurance. Your Ontario car insurance will only extend to very occasional drivers, e.g., if your friend is borrowing your car for an afternoon. 

It won’t cover someone who regularly uses your vehicle every weekend (unless this somebody is added as a secondary driver). 

Make sure that they know where the licence and registration is, and keep in mind that it can affect your insurance record if they get into an accident.

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Ontario requires all drivers to have a minimum amount of liability coverage to legally operate a vehicle on its roads. 

Here are the key points regarding the minimum liability amount for auto insurance in Ontario & other mandatory coverages:

• Minimum liability coverage: The mandatory minimum liability coverage amount in Ontario is $200,000. However, many drivers opt for higher liability limits to ensure they are adequately protected in case of a severe accident.
• Other mandatory coverages: In Ontario, other mandatory auto insurance coverages include accident benefits, uninsured auto, and direct compensation.
• Optional coverages: Drivers can purchase additional optional coverages, which include collision, comprehensive, all perils & endorsements.

As an Ontario driver, make sure that you understand the mandatory car insurance requirements. 

A broker can help walk you through the coverages you need.

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Car insurance costs can be expensive, but there are ways to reduce your premiums. 

Here are a few key ways to pay less for car insurance in Ontario:

• Shop around: Compare quotes from multiple insurance providers to find the best rates.
• Bundle policies: Combining your auto and home insurance with the same company often results in a discount.
• Increase deductibles: Opting for a higher deductible can lower your premiums, but be prepared for greater out-of-pocket costs in case of a claim.
• Maintain a clean driving record: Safe driving and avoiding traffic violations can lead to lower insurance rates.
• Vehicle choice: The type of vehicle you drive affects premiums, so choose wisely.

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Absolutely! 

You can request a more affordable car insurance quote when speaking to your broker. 

Just keep in mind that this may affect your coverage, or you may have to move to a different insurance company to get a cheaper rate.

Here are a few things to consider if getting cheap car insurance is your priority:

• Compare quotes: Get quotes from various car insurance providers to find the most competitive rates. A broker like KBD helps make this process quick and easy.
• Bundle policies: Combining auto and home insurance with the same company often results in a discount.
• Increase deductibles: Opt for a higher deductible (we recommend $1000), which can lower premiums, but be prepared for a greater out-of-pocket cost if you make a claim.
• Maintain a clean driving record: Safe driving and avoiding traffic violations can lead to lower insurance rates.
• Inquire about discounts: Many insurers offer discounts for good driving habits and additional safety features.

By following these steps, you’ll be able to find the cheapest car insurance quotes in Ontario for you.

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To obtain car insurance in Ontario, your insurance provider will ask you several questions. 

Here are the requirements when getting car insurance in Ontario:

• Driver’s license: You must have a valid Ontario driver’s license.
• Vehicle information: Details about the vehicle you want to insure, including make, model, and VIN.
• Personal information: Your personal details, including your name, address, and contact information.
• Driving history: Information about your driving record and any prior claims or accidents.
• Payment method: Be prepared to provide a payment method for your insurance premiums.
• Policy choices: Decide on coverage options and policy limits that suit your needs.

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