Skip to main content
Ratehub logo
Ratehub logo

Compare London Car Insurance Quotes

Get personalized car insurance quotes from Canada's top providers in less than 5 minutes, for free.

How to compare London car insurance quotes with Ratehub.ca

  1. Share information

    Tell us a little about yourself and your auto coverage needs.

  2. Compare quotes

    We instantly show you London auto insurance quotes from top Canadian insurers.

  3. Save money

    Choose your quote and secure your London car insurance rate online.

advertisement

A few things we're proud of

  • 1,200,000

    monthly users

  • 11 years

    young

  • Over 1M

    better choices made

  • Trusted partner

    to Canada’s top financial institutions

How car insurance in London, Ontario works

Matt Hands

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

Mandatory coverage for auto insurance in London

Mandatory insurance is mostly about protecting you from damage you may cause to others and their property. Protecting you personal car is available with optional coverages.

Third-party liability


Accident benefits


Uninsured motorist


Direct compensation property damage


Optional coverage for auto insurance in London

The below coverages are optional, unless you lease your car and your lessor requires them. Typically, new cars will get the optional coverages.

Collision insurance


Comprehensive


Emergency roadside assistance


Specified perils


All perils


Compare London car insurance quotes for free.

In less than 5 minutes, you can compare multiple insurance quotes from London's top personal auto insurers. See how much you can save on your next policy today.

Insurance companies in London Ontario

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:

Factors that impact your London car insurance rates

It pays to shop around to find cheap car insurance in London. Even though an insurance application is fairly standard you will find that different insurance companies offer different rates based on their existing users, the number of active claims on their fiscal books, and overall risk tolerance calculations. Furthermore, there are several factors beyond your control that impact a risk tolerance calculation, like if you live in an area with higher than average levels of insurance fraud. Here are seven factors auto insurance companies consider before offering personal car insurance in London:

Driver demographics


Where you live


Vehicle type


Driving history


Driving activity


Type of insurance coverage


Applicable discounts


How to get cheap car insurance in London

  1. Shop and compare

    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 quotes with us is free.

  2. Stay with your current insurer

    Some London car 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.

  3. 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.

  4. 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.

  5. 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.

  1. 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.

  2. 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.

  3. 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.

  4. Install winter tires

    You can save up to 3-5% simply by adding winter tires to your car.

advertisement

Ready to get a free London car insurance quote today?

By comparing quotes from Canada's top insurance companies to find your best rate can potentially save you hundreds of dollars annually.

Frequently asked questions about car insurance in London

How much is car insurance in London?


Which city has cheaper car insurance - Kitchener or London?


How much is car insurance in London, Ontario?


How to find affordable car insurance for students in London, Ontario


What are the best insurance companies in London?


Matt Hands, Business Director of Insurance

With 6+ years of experience at Ratehub.ca, Matt’s focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read full bio

The knowledge bank

A wealth of knowledge delivered right to your inbox.

By submitting your email address, you acknowledge and agree to Ratehub.ca’s Terms of Use and Privacy Policy. Contact us for more information. You can unsubscribe at any time.

About Ratehub.ca

Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.

Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.

How does Ratehub.ca make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

read more about us
advertisement