Compare Thunder Bay car insurance quotes & save today

Thunder Bay, Ontario, home to over 100,000 residents, sits majestically on the edge of Lake Superior, offering breathtaking panoramic views that stir Canadian pride. The iconic Sleeping Giant, a landmass that resembles a giant lying on its back, was voted the number one wonder on the list of Seven Wonders of Canada. Moreover, the city commemorates one of Canada’s greatest heroes, Terry Fox, with a monument that inspires national pride.

Auto insurance in Ontario is a requirement. Private companies issue coverage, but the system is overlooked by the Financial Services Regulatory Authority of Ontario (FSRAO). This ensures rate increases are substantiated – simply put, an insurer can't raise rates without prior approval from the regulatory body. Rate increases also need to be backed by financial records.

Thunder Bay (along with the rest of Ontario) also operates under a no-fault insurance system. This doesn't mean you'll never be deemed at fault after an accident. Instead, it means that you'll generally be making claims under your own insurer, regardless of fault. 

To learn everything there is to know about auto insurance in the city, be sure to read on. When you're ready, you can also compare personalized car insurance quotes to find your best rate. We can connect you with a licensed broker who will guide you seamlessly through the process of securing your Thunder Bay car insurance policy. 

To further customize your car insurance, you can also add Ontario Policy Change Forms (OPCFs) to your policy. While the selection of endorsements may differ depending on the provider you choose, here are some popular options for Thunder Bay drivers.

In Thunder Bay, the average cost of car insurance is about $1,500 per year, or just over $125 per month. Keep in mind, however, that rates are calculated based on your individual profile – to find the exact cost you'll be paying, be sure to compare personalized car insurance quotes with us. Below are three sample quotes our Thunder Bay users received from us (last updated in June 2024).

It pays to shop the market for cheap Thunder Bay car insurance. This is because different insurers offer different rates based on a list of personalized factors. Here, we cover a few main ones, so you can better understand how insurers come up with your quote.

While insurers are the ones that quote you, there are many steps you can take to make sure you're getting the cheapest Thunder Bay car insurance on the market. Here, we cover ten different tips to help lower your premium.