Skip to main content
Ratehub logo
Ratehub logo

Compare Thunder Bay Car Insurance Quotes

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

How to compare Thunder Bay 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 Thunder Bay auto insurance quotes from top Canadian insurers.

  3. Save money

    Choose your quote and secure your Thunder Bay car insurance rate online.

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 Thunder Bay works

Thunder Bay, Ontario is home to over 100,000 people and sits on the edge of Lake Superior offering some beautiful panoramic views that make you proud to be Canadian.

The sleeping giant, voted number one for a list of Seven Wonders of Canada, is a landmass that looks like a giant lying its back.

One of Canada’s greatest heroes, Terry Fox, is commemorated with a monument here and stopping by will fill you with Canadian pride.

When it comes to car insurance, you should be proud of getting a great rate. At Ratehub.ca, we help the people of Thunder Bay shop for the best car insurance rates in just minutes to suit their budget and preferences.


Car insurance in Thunder Bay, and across Ontario is a requirement for all drivers. To operate a vehicle in Thunder Bay, you must have insurance. To get the best car insurance in Thunder Bay, it's vital to understand how it works. 

Thunder Bay 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 auto 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 Thunder Bay car insurance coverage is broken down into two categories - mandatory and optional.

Mandatory Thunder Bay auto insurance coverage includes:

  • Third-party liability
  • Accident benefits 
  • Uninsured automobile insurance
  • Direct Compensation Property Damage (DCPD)

Optional Thunder Bay 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 Thunder Bay

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 Thunder Bay

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 Thunder Bay car insurance quotes for free.

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

Factors that impact your Thunder Bay car insurance rates

It pays to shop around to find cheap car insurance in Thunder Bay. 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 Thunder Bay:

Driver demographics


Where you live


Vehicle type


Driving history


Driving activity


Type of insurance coverage


Applicable discounts


How to get cheap car insurance in Thunder Bay

  1. Shop and compare

    Research which company provides cheap car insurance in Thunder Bay, and also the best value for you and your vehicle. Rates may change up to four times a year, but lucky for you comparing Thunder Bay car insurance quotes with us is free.

  2. Stay with your current insurer

    Some Thunder Bay 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 Thunder Bay 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.

Ready to get a free Thunder Bay 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 Thunder Bay

How much is car insurance in Thunder Bay?


What are the best car insurance companies in Thunder Bay?


Who are the best car insurance brokers in Thunder Bay?


How can I get the best Thunder Bay car insurance rates?


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

Learn more about insurance

read more articles

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