Cheap Cornwall Car Insurance Quotes
Cornwall drivers save $589* on average by comparing quotes on InsuranceHotline.com
Jump straight to:
- How Cornwall auto insurance works
- How to get the cheapest Cornwall car insurance quote
- Cornwall mandatory and optional auto insurance coverage
- How much does Cornwall car insurance cost?
- Compare Cornwall car insurance premiums against other Ontario cities
- Factors that determine your Cornwall car insurance rate
- How to get the cheapest car insurance in Cornwall
- Frequently asked questions about Cornwall car insurance
How Cornwall auto insurance works
Cornwall follows Ontario’s auto insurance rules, which say that:
- You must insure your vehicle, otherwise driving it is illegal.
- Your insurance policy must include third-party liability, accident benefits, direct compensation property damage (DCPD) and uninsured automobile insurance.
- Each driver deals with their respective insurance company to settle an accident claim, regardless of who’s at fault (Ontario has a no-fault car insurance system).
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:
- From a broker, who technically doesn’t sell insurance but rather negotiates a contract from an insurance provider on your behalf.
- An agent who represents an insurance provider.
- Or directly from a digital-first insurance provider (also known as direct writers).
How to get the cheapest Cornwall car insurance quote
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| Cheapest Rate | $1,933 |
| Average Rate | $3,446 |
| Savings: $1,513 (44%) | |
| Cheapest Rate | $2,386 |
| Average Rate | $2,935 |
| Savings: $549 (19%) | |
| Cheapest Rate | $2,959 |
| Average Rate | $3,972 |
| Savings: $1,013 (26%) | |
Cornwall mandatory and optional auto insurance coverage
| 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. |
How much does Cornwall car insurance cost?
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.
Factors that determine your Cornwall car insurance rate
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.
- Neighbourhood: Your postal code matters. If many drivers within your postal code have made claims, then your premium will also be affected. Areas with high rates of claims have higher insurance rates.
- Type of vehicle: The type of car you own will also affect how much you pay for insurance. Insurers keep detailed records of how much it would cost to replace or repair your car.
- Daily commute: Commuting daily for work is a risk factor, according to insurance companies. Actuarial data shows that regular commuters are more likely to file claims.
- Driving and insurance history: Customers with good driving and insurance histories will get their insurance provider’s preferred rate. You can build a good history by not racking up traffic convictions and paying your insurance bill on time.
- Existing coverage: Ontario has optional insurance products that you can add to broaden the coverage your policy provides. Adding these products to your insurance will raise your insurance bill.
- Additional drivers: Adding an occasional or secondary driver will increase your premium. More people using the same car on a semi-regular basis increases the chance of an accident or physical damage to your car.
- Discount eligibility: Insurance companies offer an array of discounts. The bundling discount is the one that leads to the largest savings usually. Bundling is when you purchase home and auto insurance coverage from the same company. Insurers reward customers with 15% off both policies (sometimes up to 20%). Other discounts include ones for being an experienced driver, installing winter tires, belonging to a professional group, and being an alumnus of a post-secondary institution. Check with an insurance professional about what discounts you qualify for. Your insurance company may offer one that’s not listed here.
How to get the cheapest car insurance in Cornwall
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.
Shop around
InsuranceHotline.com users in Cornwall saved an average of $589* after comparing car insurance.
Bundle all policies
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.
Insure all vehicles
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.
Increase deductibles
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.
Make lump sum payments
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.
Change tires seasonally
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
Compare rates annually
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.
Use a telematics device
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.
Ask about discounts
Be sure to ask about discounts you may qualify for, including alumni and claims-free discounts.
Go to driving school
Graduating from an accredited driving school will help you save on car insurance if you're a new driver.
Car insurance in Cornwall: what you should know
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.
Frequently asked questions about Cornwall car insurance
Which companies offer the cheapest car insurance in Cornwall?
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.
Why is Cornwall car insurance so expensive?
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.
Why do Cornwall car insurance rates change?
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).
