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Compare London Car Insurance Quotes

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

How car insurance in London, Ontario works

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, and across 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 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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  • Step 3: Save money

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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

Compare London car insurance quotes and uncover the savings

In less than 5 minutes, you can compare multiple insurance quotes from London's top personal auto insurers, for free.

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

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.

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

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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 with us is free.

  2. 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.

  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.

  6. 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

  7. 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.

  8. 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.

  9. Install winter tires

    You can save up to 5% simply by adding winter tires to your car in Ontario

Ready to compare car insurance in London?

You're just a few clicks away from all the potential savings that could come with discovering your best car insurance rate.

FAQ

Frequently asked questions about 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?

Author Bio

Matt Hands, Business Director of Insurance

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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