Compare car insurance quotes

Personalized car insurance quotes from Canada's top providers, faster

Unfortunately, we do not currently service your area

How to get personalized car insurance quote on Ratehub.ca

1

Start a quote

Launch into our personalized quoting journey with just a postal code. Simply enter your postal code into the entry box and click ‘start my quote’ to begin!

2

Tell us a little about yourself

Here’s where we get to know each other better. We have pulled together a few questions designed to help us craft a personalized quote just for you.

3

Compare your coverage options

At this stage of the journey is where you will decide how much coverage you need for you vehicle(s). Here is where you will truly customize your car insurance policy.

4

Select the best quote for you

Almost there! Take a few minutes to review your personalized quoting results before selecting the best rate from one of Canada’s top car insurance companies.

Why should you use Ratehub.ca?

800,000
monthly Canadian users and growing
8+
years of helping Canadians make smarter financial decisions
1000's
of financial products to compare across mortgages, credit cards, deposits, and insurance
100+
personal finance relationships including banks, credit unions, insurers and more

Factors that impact your car insurance rates

You might think that car insurance quotes for the same driver/car would be similar across all providers, but every auto insurance company has its own costs to cover, based on data about all of their existing users/claims. In fact, an insurance rate calculation has many subtle complexities to it and multiple factors contribute to the final rate you receive. Based on the information you provide for your driving profile a car insurance company will categorize your risk potential and calculate a personalized rate. Unfortunately, some factors are out of your control, but there are still a few that you are 100% in the driver’s seat for, so being in the know could save you money on your auto insurance policy. Here are seven factors that auto insurance companies will consider before offering you a personalized car insurance rate.

Factors companies can’t use to determine rates

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.

Introduction to Canadian car insurance

In order to operate a vehicle in Canada, you are required to have a valid car insurance policy in place at all times. Car insurance policy requirements vary from province to province, depending on the type of insurance system each is mandated by (public vs. private). However, you need to have a minimum amount of third-party liability insurance, to protect yourself financially in the event that you injure someone or damage their car/property. You’ll also need a minimum amount of accident benefits protection, which provides you with coverage for any medical/rehabilitation costs that occur as result from an accident.

The majority of Canadians choose to customize their policy beyond the mandatory minimum coverage requirements, though additional coverage options and limit increases may vary by Province. Examples of policy customization would be adding collision and comprehensive coverage to your policy, while upping your accident benefits limits to better suit your needs. Before finalizing your policy make sure to review all coverage options available to you within your Province!

How car insurance coverage differs by Province

Auto insurance is mandatory in every province and territory. However, there are differences depending on where you live. For instance, coverage and rates vary across the country. Throughout the majority of Canada your only option for insurance is through the private market, but in a few provinces there is mix of both public and private insurance.

In Alberta, Ontario, the Atlantic provinces, and the territories, there are only private insurers. In British Columbia, Manitoba, and Saskatchewan, basic auto insurance is available from the government and additional coverage is available from private insurers. Quebec, on the other hand, has is it's own unique regulations - public insurance covers injury or death while private insurance covers property damage.

Insurance policies in:
Coverage Description
Public Insurance

Basic auto insurance coverage provided by the Provincial governement. This generally includes liability, accident benefits and uninsured motorist coverage.

Available: No
Required: No

Private Insurance

Auto insurance policies created and sold by private insurance carriers. Though these carriers must still abide by Federal and Provincial regulations.

Available: Yes
Required: Yes

No-fault insurance

Having no-fault insurance doesn’t mean you can’t be found at fault. This coverage means you must first deal with your own insurance company for all claims, whether you’re at fault or not. But, Ontario will allow a no-fault driver to sue an at-fault driver for additional damages and costs that are not covered by their accident benefits.

Available: Yes
Required: Yes

Third-party Liability Insurance

Protects against damage caused by you while driving, and includes injury and death to others and property damage. This is the only insurance coverage that is mandatory across Canada. Minimum coverage for Ontario is $200,000.

Available: Yes
Required: Yes

Accident Benefits

Covers your medical benefits if you’re injured in a crash, whether you’re at fault or not. The coverage includes your medical costs, while also paying for additional recovery costs, such as rehab, income replacement, and payment for and attendant care, if needed.

Available: Yes
Required: Yes

Direct Compensation-Property Damage (DCPD)

Covers damage to your vehicle and its contents, and for the loss of use of your vehicle when damaged – if another person was at fault. This coverage only applies if the crash occurs in a province where DCPD is mandatory, if two or more insured vehicles are involved, and if both insurers are licensed within that DCPD province.

Available: Yes
Required: Yes

Uninsured Motorist

Uninsured motorist coverage protects against injuries you and your family members sustain in a crash caused by an uninsured motorist. It can also cover your vehicle damages, if the uninsured driver is able to be identified.

Available: Yes
Required: Yes

Collision Insurance

Protects against damages sustained in a collision. This insurance covers you if your car is damaged in a crash – in both cases whether you crash into another other car or whether you crash into a stationary object.

Available: Yes
Required: No

Comprehensive Insurance

Protects against any losses a car owner may suffer, from events not related to driving. Such losses could include theft or damage from attempted theft; vandalism; environmental damage to a car from floods, fallen trees, and hail, etc.

Available: Yes
Required: No

Specified Perils

Covers your financial losses for damage caused specific perils – but only for perils chosen specifically for your policy. Available coverages are for theft; fire; damage from hail, lightning, wind, or flooding; earthquakes; explosions; riots; aircraft crash damage; and damage sustained during any transportation relocation.

Available: Yes
Required: No

All Perils

This combines the coverages you get with collision and comprehensive insurance. Additionally, all-perils also covers you if an employee, or someone who drives or services your car, steals it. It also covers you if someone you live with steals your vehicle.

Available: Yes
Required: No

Emergency roadside assistance

This service covers you for roadside callouts for emergencies such as dead batteries, towing, flat tires, keys locked in your car, empty gas tank, etc. Many insurance companies offer roadside assistance either included or in addition to other coverages.

Available: Yes
Required: No

*Table information sourced from http://www.ibc.ca (2017)

In the chart below, you’ll find the types of insurance, the coverage options available, and the average rates across Canada.

Average Provincial Car Insurance Rates

*Graphed data sourced from https://www.fin.gov.on.ca/en/autoinsurance/fair-benefits.html (2017)

Tips on how to get cheaper car insurance

Shop around and compare

Auto insurance rates can vary wildly between companies – you need to research which insurer will offer the best coverage specific to you.

Bundle policies

You may get discounts if you bundle insurance plans together, for example, by having your auto and home insurance bundled together with the same carrier.

Increase your deductible

The deductible is what you pay when something happens to your car, before the insurance company pays the rest. Increasing your deductible can lower your annual premiums.

Ask about discounts

Many insurers offer discounts to members of professional organizations or affiliation groups – so it pays to ask about discount relationships.

Pay premiums annually, instead of monthly

If you pay your premiums up front for the year – or even per half-year – you will usually end up paying less than if you paid monthly.

Maintain a good driving record

At-fault collisions and driving convictions stay on your insurance record for years and make your rates go way up – if you drive safely, sensibly, and obey the road rules over a long period, you’ll pay the lowest rates.

Track your driving

With user-based insurance (UBI) you can earn discounts for driving well. Tracking your own driving online, you can earn discounts by not driving far or often, and on advanced stats like how carefully you brake and accelerate.

Take a course

Accredited driving courses will not only make you a safer driver, but can also result in discounts from many insurance companies.

For more exciting car insurance content check out our blog