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Compare Toronto car insurance quotes & save with us today

Looking for the cheap car insurance? In just a few minutes, get personalized auto insurance quotes from Toronto's top providers – find your lowest rate with us today.

How to compare Toronto 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 auto insurance quotes from top Canadian providers.

  3. Save money

    Choose your quote and secure your car insurance rate online.

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Recent Toronto car insurance quotes from Ratehub.ca

Drivers all across the city come to Ratehub.ca, in search of the lowest car insurance rate on the market. Here are a few quotes our Toronto users received from us in May 2023 – to find your best option, be sure to take advantage of our auto insurance quote comparison tool today.

  • $63/month

    41-year-old female

    driving a 2003 Honda Accord under Gore Mutual

  • $109/month

    59-year-old male

    driving a 2009 Honda Civic under Economical Insurance

  • $137/month

    46-year-old male

    driving a 2023 Tesla Model Y under CAA Insurance

  • $171/month

    34-year-old female

    driving a 2012 Mazda Mazda3 under Onlia Insurance

A few things we're proud of

  • 1,200,000

    monthly users

  • 11 years

    young

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    better choices made

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How does auto insurance work in Toronto?

Matt Hands

Auto insurance is mandatory in Toronto. It's illegal to operate a vehicle that isn't equipped with the minimum required coverages, outlined in Ontario's Insurance Act. With that being said, most drivers increase their protection beyond the minimum aways by setting out higher payout limits and adding optional coverages to their policy.

Toronto (along with the rest of Ontario) runs on a no-fault insurance system. This doesn't mean you'll never be deemed at fault after an accident. Instead, it means that regardless of fault, you'll only be filing accident claims with your own insurance company to recoup compensation for your losses. The idea behind a no-fault auto insurance system is that the claims process can be streamlined and drivers will receive their payout as early as possible. On the contrary, a tort-based system means that drivers need to sue for compensation which undoubtedly, can take much more hassle and time.

Car insurance in Ontario is also provided by private insurance carriers that are regulated by the Federal Services Regularly Authority of Ontario (FSRA). This ensures that rate increases are substantiated – simply put, auto insurance companies can't just increase rates on their own. They need to be backed up by financial records and approved by the regulatory body.

With the many options available, it's important to research the best auto insurance company for your needs. You'll want to learn more about car insurance in Toronto before you secure your policy – and we can help you do exactly so.

Mandatory types of car insurance in Toronto

In Toronto, you'll need at least four different types of car insurance before you're able to hit the road – let's take a quick look at the mandatory coverages.

Third-party liability


Accident benefits


Uninsured motorist


Direct compensation for property damage (DCPD)


Optional types of car insurance in Toronto

You also have the option to customize your auto insurance beyond the minimum requirements – here are some popular policy enhancements in Toronto.

Collision


Comprehensive


Specified perils


All perils


Emergency roadside assistance


Optional endorsements


How much is car insurance in Toronto?

According FRSA data from October 2022, the average cost of auto insurance in the GTA is $2,245 per year – a much higher price than the Ontario-wide average of $1,674. To find the exact cost you'll be paying, be sure to compare car insurance quotes with us today.

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Factors that impact your Toronto car insurance quote

Insurers in Toronto don't just look at your coverage options and policy limits to determine your car insurance rate – they also look at your risk profile as a driver. Here, we cover a few of the individualized factors that'll impact your monthly bill (plus a few interesting numbers about our Toronto users from May 2023). 

  • Age

    Younger drivers tend to face the most expensive car insurance rates. The average Ratehub.ca user from Toronto is 36 years old.

  • Gender

    Males tend to see higher auto insurance rates than females. The gender breakdown of our Toronto users is 67% (males) and 33% (females).

  • Location

    Areas with a high rate of claims also come with a high (insurance) rate. Our data shows that Toronto users pay an average monthly rate of $327.

  • Vehicle type

    Cars that cost more to replace, cost more to protect. Based on our Toronto averages, the Dodge/Ram 1500 is the cheapest car to insure.

  • Driving history

    A driving conviction will negatively impact your car insurance quote. According to our Toronto data, only 4% of our users have one on record.

  • Driving behaviour

    Longer commutes lead to higher car insurance rates. Our internal data shows that Torontonians commute an average of 14 km per day.

  • License class

    Getting your G license will lead to cheaper car insurance rates. According to our internal data, 88% of our Toronto users are fully licensed.

  • Vehicle use

    A business-use car will cost more to insure than a pleasure-use one. 91% of our Toronto users come here, looking to insure a vehicle for pleasure-use.

How to get cheap car insurance in Toronto

  1. Shop and compare

    Lucky for you, comparing car insurance quotes with us is completely free – you won't know which provider offers the lowest rate until you take a look.

  2. Bundle insurance products

    If you use the same insurance company for both your home and auto insurance needs, your insurer will thank you with a dip in the premiums.

  3. Stay loyal

    Some Toronto auto insurance companies give a loyalty discount to drivers who remain active with them for several years. But you'll also want to make sure there isn't a better rate out there.

  4. Get a multi-vehicle discount

    If you have multiple cars within one household, listing all vehicles under one auto insurance policy can bring big savings.

  1. Increase your deductible

    Your deductible is the share you'll need to pay before your insurer foots the rest. If you're willing to set a higher one, you'll see lower rates.

  2. Pay annual premiums

    Paying monthly premiums adds to your insurer's administrative costs, so if you’re able to pay in full annually, you can lower your car insurance rate.

  3. Stay safe on the road

    Accidents can stay on your record for up to ten years, leading to higher rates. So stay safe on the roads – not just for physical self but also for your financial self.

  4. Get a group rate

    Ask your insurance representative about group rates – some providers offer discounts to certain members, professionals, or alumni.

Still looking for Toronto car insurance?

You've found the right place. Get personalized auto insurance quotes from top providers across the city, all in once instance.

The cost of Toronto car insurance compared to other Ontario cities

To compare the cost of Toronto auto insurance with other cities, we took a look at the average rates our Ontario users received based on their location. While Toronto users who recently compared car insurance quotes with us saw an average monthly rate of $327, here's a brief overview of the trends we saw in four other popular cities. All data was last updated in May 2023.

  • Our data shows that the average driver from Ottawa pays a monthly auto insurance premium of $159 – a whole 51% less than the average driver living in Toronto.

    get a quote
  • According to our user data, drivers in Mississauga pay an average monthly rate of $388 for their auto insurance. That's slightly more expensive (19%) than Toronto's average rate.

    get a quote
  • Brampton drivers are known to face some of the highest auto insurance rates – at a monthly average rate of $439, drivers here pay about 34% more than Torontonians.

    get a quote
  • Car insurance here tends to be cheaper – the average monthly rate for our Hamilton users is $244. That's a whole 25% less than the average cost of Toronto auto insurance.

    get a quote

The best car insurance companies in Toronto

Here are some of the most popular insurance providers within the city – keep in mind that the best car insurance company for yourself will be the one that offers all the coverage you need for the lowest rate possible. Compare quotes with us today to find out which one you should choose.

    Ready to get Toronto car insurance?

    We can help – compare personalized auto insurance quotes from top providers across the city today.

    Frequently asked questions

    Why is Toronto car insurance so expensive?


    Which car has the cheapest insurance in Toronto?


    What is the cheapest car insurance in Toronto?


    Do you need insurance to rent a car in Toronto?


    What are the best insurance companies in Toronto?


    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

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    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.

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