Compare London Car Insurance Quotes
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Matt Hands, Business Director, Insurance
London, Ontario is home to almost 400,000 people, but the lack of a strong public transit system makes driving a car almost a necessity to get around.
The city hasn’t made it easy though. The lack of a proper freeway and two major railways are primary causes of congestion during the rush hour periods. For decades, London has been making improvements to their roads to allow for clearer, straighter paths and to increase capacity on them, but the city still lacks a major north-south thoroughfare, shuffling drivers onto Wellington Road and Richmond Street.
Car insurance in London, Ontario is a requirement for all drivers. To operate a vehicle in London, you must have insurance. To get the best car insurance in London, it's vital to understand how it works.
London operates in a no-fault insurance system. No-fault means drivers use their own auto insurance company regardless of who is at-fault in an accident. In other words, you only ever deal with your own insurance company for a claim or following an accident.
Ontario car insurance is provided by private insurance carriers and is regulated by the Financial Services Regulatory Authority of Ontario (FSRAO). FSRAO ensures rate increases are substantiated. Simply put, an insurer can't raise rates without prior approval from the regulatory body and is based on their financial records.
Available London car insurance coverage is broken down into two categories - mandatory and optional.
Mandatory London auto insurance coverage includes:
- Third-party liability
- Accident benefits
- Uninsured automobile insurance
- Direct Compensation Property Damage (DCPD)
Optional London car insurance coverage includes:
- Collision insurance
- Comprehensive car insurance
- Specified perils
- All perils
Also available in any city in Ontario are Optional Policy Change Forms (OPCF) which are coverage enhancements. Here are 4 common Ontario endorsements.
- OPCF 20 - covers the cost of a rental vehicle while yours is being repaired or replaced
- OPCF 27 - Ports your existing insurance to a rental car or car you borrow
- OPCF 39 - Your insurer forgives your first accident claim so it doesn't impact your insurance rate
- OPCF 43 - Removes depreciation in calculating the value of your car when settling a claim
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Direct compensation property damage
Compare London car insurance quotes and uncover the savings
Emergency roadside assistance
Allstate, the Co-operators, Desjardins, and Intact all have insurance physical locations in London, Ontario. But, to get a quote from all these companies, it's often best to use an Ontario car insurance broker.
A licensed broker in Ontario can sell insurance in London and anywhere else in the province. They help you compare quotes from many insurance companies to find you the best rate. If you get a London auto insurance quote with us, we'll connect you with a broker partner to finalize your policy and answer any questions you may have.
Alternatively, feel free to visit our brokerage partners direct.
Our London insurance brokerage partners
|RH Insurance||Auto, home, tenant||Ontario, head office in Toronto|
|Begin Insurance||Auto, home, tenant, travel, business, life||Ontario with offices in Markham and Hamilton, Ontario|
|Easy insure||Auto, home, tenants, boat, life, travel, group||Ontario with head office in Windsor, Ontario|
|Excalibur insurance||Auto, home, farm, business, landlord, life, travel||Ontario with offices in Clinton, Wingham, Exeter, and Mitchell|
|Insurance Hero||Auto, home, business, travel, life, and group insurance||Ontario with offices in Toronto and Sudbury, Ontario|
|Servo insurance brokers||Home, auto, farm, business, high risk||Ontario with offices in Toronto and Kingsville, Ontario|
How much is car insurance in London?
The average cost of car insurance in London is about $1,400 per year, or just over $115 per month. Are you paying more? Could you be paying less? Let's find out.
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Research which company provides cheap car insurance in London, and also the best value for you and your vehicle. Rates may change up to four times a year, but lucky for you comparing London car insurance with us is free.
Stay with your current insurer
Some London auto insurance companies will give loyalty discounts to drivers who remain active with them for years. Especially if they add family members or multiple vehicles to their policy.
Bundle your policies
If you use the same insurance company for both your home and auto insurance needs, your insurer will often thank you with a dip in premiums.
Get a multi car discount
If you have multiple drivers and vehicles in the same household, by putting them all on one policy can save you money.
Increase your deductible
Your deductible is the portion you pay when settling a claim before your insurer will pay the rest. If you’re willing to double your deductible, it could save you money.
Ask about discounts
If you’re a member of a large corporation, union, or a school alumnus, it could help you get cheaper London car insurance
Pay premiums annually, instead of monthly
Paying monthly adds administrative costs to your insurer, so if you’re able to pay in full annually you can lower your premiums.
Maintain a good driving record
If you’re a safe driver, obey the rules of the road and drive according to road conditions you can reduce your chances of an accident. Car crashes stay on your insurance record for up to ten years and can result in higher premiums.
Install winter tires
You can save up to 5% simply by adding winter tires to your car in Ontario
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Matt started his professional career at CARPROOF where he honed his marketing and analytical skills for over 3 years. Matt then took his wealth of experience to Ratehub.ca’s Toronto offices, working with insurance providers, agents, and brokers to grow and expand the Insurance business unit. He is a thought leader in the community and a valuable insurance resource to respected publications like the Globe & Mail, Toronto Star, Huffington Post, Yahoo News, and 680 news radio in Toronto.
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