Compare cheap car insurance quotes in Ontario
In less than five minutes, compare personalized car insurance quotes from Ontario's top providers – your lowest rate is just a few steps away.
How to compare Ontario car insurance quotes with Ratehub.ca
Tell us a little about yourself and your auto coverage needs.
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Choose your quote and secure your car insurance rate online.
Recent Ontario car insurance quotes from Ratehub.ca
Thousands of drivers across the province come to Ratehub.ca weekly, looking to uncover savings for their next car insurance policy. Here are a few sample quotes Ontario users received from us on May 14, 2023 – to find out how much (or how little) you could be paying, take advantage of our free auto insurance quote comparison tool today.
- $80/monthget a quote
London car insurance
- $94/monthget a quote
Thunder Bay car insurance
- $120/monthget a quote
Toronto car insurance
- $252/monthget a quote
Ottawa car insurance
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Is car insurance mandatory in Ontario?
Matt Hands, VP, Insurance and MoneySense
Car insurance in Ontario – as well as the rest of Canada – is required by law. It's there to protect you financially from all different driving-related incidents, such as liability claims, medical needs, and vehicle damage. Without it, you could see a fine anywhere between $5,000 to $50,000, your license may be suspended, and your car could be impounded.
How does car insurance work in Ontario?
Ontario runs on a no-fault auto insurance system. This doesn't mean that you'll never be found at fault for a driving incident. Instead, it means that drivers look toward their own insurance companies for compensation after an accident, regardless of fault.
Auto insurance in the province is provided by private insurance companies, but the Financial Services Regulatory Authority of Ontario (FRSA) is there to ensure rate increases are substantiated. The agency exists to protect consumer rights and review complaints when insurers aren't following the rules.
Recent Ontario auto insurance news
In December 2022, the FSRA announced a major change to how auto insurance will work in Ontario – while all drivers are currently required to carry four mandatory types of coverages, consumers will have the option to opt out of Direct Compensation for Property Damage (DCPD) insurance starting early 2024.
DCPD is there to protect you against vehicle damage if you get into an accident that another driver is responsible for. In this case, it pays for the repair or replacement, even if you don't have the optional collision coverage. By signing OPCF49, the Ontario Policy Change Form to opt out of DCPD, you'll waive your right to collect payment.
While the policy change is being put in place in an effort to lower car insurance rates for Ontario drivers, many experts warn against the opt-out. A small dip in your premium may not be worth it if you're facing a much more extensive claim in the long run – especially if the accident was a result of someone else's careless mistake.
Mandatory types of car insurance in Ontario
In Ontario, all standard auto insurance policies need to come with four basic coverages – let's take at the minimum requirements you need to carry.
Direct compensation for property damage (DCPD)
Optional types of car insurance in Ontario
Along with the four basic coverages, you can also increase your protection with optional add-ons – here's a quick overview of common choices for Ontario drivers.
Emergency roadside assistance
Endorsements (Ontario Policy Change Forms)
Are you getting the best price for Ontario auto insurance?
The average cost of car insurance in Ontario
According to the Financial Services Regulatory Authority of Ontario (FSRA), Ontario's average annual auto insurance premium as of October 2022 was $1,674. Drivers in the GTA saw an average of $2,245 while those in rural areas paid an average of $1,306. We decided to take it a step further and break down the average cost of car insurance in the province based on our own user data.
Last updated in April 2023 – quotes are representative of the average monthly rate Ratehub.ca users received and expressed an interest in within the last 30 days.
Average monthly quote by age and gender
Average monthly quote by Ontario city
Average monthly quote by vehicle make
Ontario drivers pay an average of $1,674 for auto insurance.
Could you be paying less? Compare personalized car insurance quotes with us today to find out.
Factors that impact your Ontario car insurance quote
Aside from your coverage options and your policy limits, there are many individualized factors auto insurance companies look at when calculating your quote. Here are a few you should be aware of, plus some interesting Ratehub.ca user statistics from April 2023.
How to get cheap car insurance in Ontario
Shop and compare
You won't know which Ontario insurer offers the cheapest premium until you shop around – thankfully, comparing quotes is free with us.
Bundle your policies
Insuring multiple products (e.g. car, house, condo, boat) under one provider is a great way to rack up some savings.
Get a multi-car discount
If you own more than one car, insuring them together under one policy, instead of purchasing coverage separately, can lead to substantial savings.
Track your driving
Tracking your driving with usage-based insurance (or telematics) is ideal for safe, low-range drivers – you'll be rewarded for exhibiting good habits.
Keep a clean record
Traffic convictions and at-fault accidents inevitably lead to higher rates. So stay safe on the road to maintain your cheap insurance.
Install winter tires
Ontario winters don't always come with the safest driving conditions – some insurers offer a discount for installing the right tires.
Get a group rate
It never hurts to ask about group discounts. Many providers offer lower rates for corporation members and special alumnus.
Increase your deductible
Your deductible is the amount you'll be paying before your insurer provides the rest. Higher deductibles lead to cheaper auto insurance.
The inflation of auto insurance in Ontario
According to the Consumer Price Index from Statistics Canada, auto insurance premiums for passenger vehicles increased by 5.2% nationwide year-over-year in March 2023. Ontario drivers, on the other hand, saw a 0.2% increase. To combat the added cost, make sure you shop the market with us today.learn more
How Ratehub.ca users are saving on Ontario auto insurance
When comparing car insurance quotes with us, opting for usage-based insurance and auto-home bundling are two additional steps you can take to ensure you're getting the cheapest rate possible. Here's what we found when looking at Ratehub.ca Ontario user data from April 2023.
49% of Ontario users opt-in for telematics – When exhibiting safe driving habits, drivers can save between 10 to 30% by participating in a telematics (or usage-based insurance) program. Keep in mind, however, that you may also see a surcharge in Ontario if you're deemed a risky driver.
31% of Ontario users opt-in for auto-home bundling – Every P&C insurer offers its own version of a bundling discount (typically up to 25% off), so be sure to opt-in if you're also looking for property coverage. And the savings aren't just limited to your car policy – you'll see a discount on your home insurance too.
of Ratehub.ca users opt-in for telematics.
of Ratehub.ca users opt-in for auto and home bundling.
The best car insurance companies in Ontario
The best auto insurance provider for yourself will be the one that meets all your coverage needs for the lowest rate possible, so be sure to research all your options carefully. Here's a quick overview of some of the top car insurance companies across Ontario.
Looking for an experienced Ontario car insurance broker?
Frequently asked questions about Ontario auto insurance
How much is car insurance in Ontario?
Who can drive my car under my insurance in Ontario?
Do I need auto insurance in Ontario?
Does my Ontario car insurance cover me if I drive for Uber or Lyft?
Can you register a car without insurance in Ontario?
How do I report a claim in Ontario?
Why does car insurance in Ontario cost so much?
Is roadside assistance required in Ontario?
How long do driving offences last on my driving record in Ontario?
What is the cheapest car insurance company in Ontario?
What insurer offers the best car and home insurance bundle in Ontario?
How do you get car insurance in Ontario?
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 more