Cornwall follows Ontario’s auto insurance rules, which say that:
Auto insurance is privately run in Ontario, meaning you must purchase a policy from a privately owned company, not a government corporation. There are three ways to buy insurance:
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Cheapest Rate | $2,640 |
Average Rate | $3,586 |
Savings: $946 (26%) |
Cheapest Rate | $2,734 |
Average Rate | $3,665 |
Savings: $931 (25%) |
Cheapest Rate | $890 |
Average Rate | $1,148 |
Savings: $258 (22%) |
Insurance type | Mandatory coverage | Optional/ Additional Coverage |
---|---|---|
Third-Party Liability | $200,000 minimum. Provides coverage in the event of a lawsuit resulting from an accident where you are at fault. | Coverage can be increased to $500,000, $1 million, or $2 million, with up to $2 million limit. |
Direct Compensation-Property Damage (DC-PD) | Covers damage to your car, or loss of use of your vehicle, if someone else is at fault. Must involve another insured vehicle. | For additional vehicle coverage, including for when you are at-fault, consider collision coverage. |
Uninsured Automobile Insurance | Provides up to $200,000 in coverage if you are injured or killed by an uninsured driver, or if your vehicle is damaged as a result of a hit-and-run by an unidentified, uninsured motorist. | Family Protection Coverage is an optional coverage that includes additional coverage of up to $1 million in the case of a hit-and-run by an uninsured motorist. |
Statutory Accident Benefits | Provides coverage if you are injured in an accident, regardless of who is at fault. Covers medical expenses that aren’t covered by OHIP. | Coverage limits can be increased. |
Collision Coverage (Also Upset Coverage) | Optional | Covers the costs of repairing or replacing your vehicle following a collision with another vehicle, an object, or property. |
Comprehensive coverage | Optional | Covers damages caused by named perils identified under the Specified Perils coverage, as well as losses from other perils like falling or flying objects, theft, fire, hail, windstorms, missiles, and vandalism. |
Specified Perils Coverage | Optional | Covers damages caused by named perils such as theft, attempted theft, explosions, natural disasters like fire, lightning, windstorm, hail, rising water, earthquakes, and other perils specified in your policy. Specified perils do not cover damages due to vandalism, breakage of glass, etc. |
All-Perils Coverage | Optional | Combines collision/upset and comprehensive coverage. Also, provides additional protection if a household member or an employee steals your vehicle. |
OPCF 20: Coverage for Transportation Replacement | Optional | Covers the cost of your transportation replacement and rental car insurance if you were to get into a car accident or if your vehicle is stolen. |
OPCF 27: Liability for Damage to Non-Owned Automobile(s) | Optional | Covers if you damage a borrowed or rental vehicle. The coverage limit is usually around $25,000 to $50,000. |
OPCF 39: Accident Waiver/Forgiveness | Optional | Protect your premium from rising when you have your first at-fault accident. |
OPCF 16: Suspension of coverage | Optional | This allows you to suspend your insurance coverage for 30 days or more during periods when you aren't using the car. |
OPCF 43: Waiver of depreciation | Optional | Ensures your insurance company won't factor in depreciation when settling a claim; you will receive the amount you initially paid for the car. |
OPCF 44R: Family protection coverage | Optional | Ensures your costs are covered if you and your family are involved in an accident with a driver with less liability insurance than you. This endorsement will cover the remainder. |
OPCF 13C: Limited glass | Optional | For a lower premium, you can limit or exclude any coverage for glass damage that might've been in your policy. |
OPCF 40: Fire and theft deductible | Optional | Adds a deductible (an amount you must pay before your insurance company chips in funds) for a theft or fire damage claim. |
The average auto premium in Cornwall sits at about $1,289 in 2023, making it 26% cheaper than the provincial average of $1,744.
Claim frequency within a geographic region significantly impacts your car insurance premium. In Ontario, insurance companies use forward sortation areas (FSA), the first three characters in your postal code, to set boundaries for coverage areas — the fewer claims in your FSA, the lower the average rate and vice versa.
Some individual characteristics, including age, gender, car, driving and insurance histories, determine your rates. That means scoring a rate lower than your city’s average is possible. Compare quotes on InsuranceHotline.com to see if a different insurance company can offer you a cheap rate on your car insurance.
Rank | City | Average 2023 premium |
---|---|---|
1 | Brampton | $2,707 |
2 | Toronto | $2,325 |
3 | Mississauga | $2,311 |
4 | Richmond Hill | $2,188 |
5 | Vaughan | $2,158 |
55 | Cornwall | $1,289 |
Source: RATESDOTCA Auto Insuramap
Out of 68 possible spots, Cornwall ranks 55th, making it one of the most affordable cities for car insurance in Ontario. Prices here are 26% lower than the provincial average.
Cornwall and its surrounding counties are some of the larger urban settlements in Eastern Ontario. But compared to Toronto, a city of almost three million, Cornwall is minuscule.
Places with smaller populations have fewer claims, which leads to lower premiums for everyone within city limits.
To calculate your premium, insurance companies consider a number of factors, also known as ‘rating factors.’ These factors are weighted differently by insurance companies, but the things insurers look for are consistent across the board. Here are some of the main ones.
Saving on car insurance is easier than you think. Following these 10 tips could help you secure the odds you get the cheapest Cornwall car insurance rate.
InsuranceHotline.com users in Cornwall saved an average of $589* after comparing car insurance.
Buying home and auto coverage from the same insurance company (i.e., 'bundling') can lead to savings of up to 20% on each policy. Apart from comparing quotes, it's the best way to shave off hundreds from your insurance bill immediately. Select the bundling option when completing your home or auto quote to unlock these savings when you compare quotes on InsuranceHotline.com.
In addition to bundling home and auto, insuring all the cars in your household with the same company will also create savings. You could save 10% to 20% when you insure all your vehicles under the same policy.
If one of your policy benefits has a deductible, increasing it can lower your insurance cost — just make sure you have cash saved up to pay it.
Insurance companies may offer you a lower rate if you pay your annual premium upfront instead of breaking it into monthly payments, which are costlier for the provider to process. Lump sum payments help the insurance company cut their costs, and they pass on the savings to you.
Driving on winter tires between November and April can save you 5% on your premium. Be sure to let your insurer know after you’ve installed them, be
Try comparing auto insurance quotes every year. The best time to do it is before your current insurance policy renews (your provider will let you know when your renewal date is approaching). You won’t be charged you a fee for terminating your policy early if you decide to change companies during the grace period before it renews.
Once installed in your car, a telematics device will allow an insurance company to monitor your driving habits. Insurance companies have different names for their telematics schemes, like CAA's Connect® or belairdirect's Automerit® program.
Exhibiting good driving habits while driving with a telematics device can reduce your insurance bill by 25% at renewal. Good habits mean driving at the speed limit, braking slowly, and not driving at night. Beyond that, companies don’t typically publish a ton of specifics about the kind of behaviour they’re apt to penalize. Another downside of these programs is that insurance companies in Ontario can use the data they collect to justify raising your premium.
Be sure to ask about discounts you may qualify for, including alumni and claims-free discounts.
Graduating from an accredited driving school will help you save on car insurance if you're a new driver.
The rates car insurance companies charge to insure the same car and driver in Cornwall can differ by hundreds — sometimes thousands — of dollars.
The key to finding savings is knowing which car insurance company can offer you the cheapest available rate. But who has time to call multiple companies for quotes? With InsuranceHotline.com, you can compare quotes from over 50 trusted Canadian insurance companies in the same amount of time it takes to get just one.
*Represents the average saved by Cornwall shoppers who obtained an auto insurance quote on InsuranceHotline.com and transacted via our contact center between January and December 2022. The average savings amount represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third-lowest quoted premiums generated by InsuranceHotline.com.
The answer will vary by person. Insurance companies pool risk, and they charge you based on how much risk you present relative to the rest of the customers, also known as the 'insurance pool.' By risk, they mean how likely you are to file a claim to the company. This is the reason insurers don't offer flat-rate premiums.
Each company will assess driver risk slightly differently, so you will see variations between quotes when comparing multiple insurance companies on a rate comparison site.
At $1,289 per year, Cornwall car insurance is 25% cheaper than the provincial average of $1,744, making it one of the most affordable cities for drivers.
The claims frequency within a geographic region impacts car insurance premiums. In Ontario, these regions follow forward sortation areas (FSA), the first three characters in your postal code. The fewer claims in an FSA, the lower the average rate and vice versa.
There are still ways you can reduce your bill, even if premiums are relatively affordable in your area. Check out these 10 tips on getting the cheapest insurance in Cornwall.
Private insurers adjust their rates in response to the number and manner of claims they receive. If there have been more collisions in your neighbourhood, you can expect your premiums to increase. In Ontario, rate changes are regulated by an independent body called the Financial Services Regulatory Body (FSRA).