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Matt Hands, VP, Insurance and MoneySense
Young drivers (people aged 16-24) pay more for car insurance because insurance companies view them as high-risk. But there are many ways to get the best car insurance for new drivers under 25. The easiest way is to compare car insurance quotes for young drivers to ensure you’re paying the best price. You can do that now, for free, by entering your postal code into our car insurance estimator.
Insurance companies use historical data and statistics to give you your rate. Young drivers account for only 10% of drivers on the road, but conversely they’re involved in roughly 25% of collisions. Based on statistics alone you can see why insurance may be higher for young drivers. But, fear not, there are many tips and tricks you can use even before and after this process to make sure you're paying the cheapest car insurance rate.
Take a young driver training course
Obey the rules of the road
More safe driving experience yields better rates
Consider usage-based insurance
Good grades pays
Get the right coverage
Bundle your policies
Buy the right car
Get the right gear
Pay your insurance on time (or ahead of time)
Compare young drivers car insurance quotes.
As a young driver paying for car insurance can be expensive. Why not take a few minutes to compare quotes from multiple providers to see if you're getting the cheapest rate available.
This table shows estimated costs for Ontario car insurance only, based on a clean driving record, a male driver driving an owned 2015 Chevy Colorado EXT CAB 2WD, living in Ottawa, Ontario, parking in a driveway. The truck has winter tires, an anti-theft device, and is used to commute about 10,000 km per year.
The key takeaway is that auto insurance is very expensive for young drivers. Even though this example is based on Ontario rates, a similar rate variation would be seen across Canada. The older and more experience you gain as a driver, the cheaper you car insurance rates will be - assuming you maintain a clean driving record.
Average car insurance rate (annual)
Does car insurance go down at age 25?
How much is car insurance for young drivers?
How to get cheap insurance for young drivers?
What is the cheapest car insurance company for young drivers?
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
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