Cheap North York Car Insurance Quotes
North York drivers save $841* on average by comparing car insurance quotes on InsuranceHotline.com
Jump straight to:
- How North York auto insurance works
- How to get the cheapest North York car insurance quotes
- Recent North York car insurance quotes
- Mandatory & optional car insurance coverage in North York
- How much does car insurance in North York cost?
- North York car insurance rates by postal code
- Factors that influence your North York auto insurance premium
- What can I do to get cheaper car insurance in North York?
- Frequently asked questions about North York auto insurance
How North York auto insurance works
While public transportation exists in the area, North York is a suburb that demands vehicle ownership.
Auto insurance works the same way in North York as it does in the rest of the province. Ontario drivers are covered under a no-fault insurance system, which means in the event of an accident, all drivers involved will process individual claims through their own insurance companies to get coverage for damages and injuries.
Car insurance is also mandatory, and driving without basic coverage is illegal. A basic policy contains third-party liability, statutory accident benefits, and uninsured automobile insurance.
Ontarians buy car insurance from private companies, unlike in some provinces where a government insurer provides coverage. It means drivers in the province have a large selection of providers to choose from. The Financial Services Regulatory Agency of Ontario (FSRA), the province's car insurance regulator, encourages drivers to compare quotes from multiple insurance companies.
But getting quotes from multiple insurance companies can be time-consuming. Luckily, rate comparison sites like InsuranceHotline.com bring you quotes from multiple companies in the time it would take to source one. InsuranceHotline.com users can compare quotes from 50+ Canadian insurance providers.
Changes to Ontario's auto insurance in 2024
Ontario is currently in the process of reforming how auto insurance works in the province. The goal of this is to reduce the amount of coverage drivers are forced to take out, and in turn, lower their premiums.
Some of the proposed changes include:
- Option to remove the caregiver benefit, housekeeping and home maintenance expenses benefit, income replacement benefit, and death and funeral benefits (benefits for medical, rehabilitation, and attendant care will remain mandatory, however).
- Making auto insurance companies the first payer for medical and rehabilitation benefits (at the moment, a person's private medical insurance is the first payer). This change is meant to streamline the claims process and lead to earlier resolution.
- Option to remove direct compensation for property damage (DCPD) coverage (in effect since January 2024).
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| Cheapest Rate | $3,177 |
| Average Rate | $8,540 |
| Savings: $5,363 (63%) | |
| Cheapest Rate | $2,019 |
| Average Rate | $4,718 |
| Savings: $2,699 (57%) | |
| Cheapest Rate | $3,191 |
| Average Rate | $5,496 |
| Savings: $2,305 (42%) | |
Mandatory & optional car insurance coverage in North York
| 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. |
| 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. |
| Direct Compensation-Property Damage (DC-PD) | Optional | DCPD is included in all standard insurance policies, but Ontario drivers can apply to remove it. DCPD pays to repair or replace your car if you're in a collision where the other driver is at fault. You lose this coverage by removing DCPD, as well as your ability to sue the other driver for repairs. |
| 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 car insurance in North York cost?
According to Insuramap, the average North York auto insurance premium is $2,172.75 per year. That is lower than the Toronto average of $1,953 (North York and other Toronto suburbs included).
Without a detailed breakdown of claims activity in North York (insurance companies keep that private), it's safe to say the discrepancy is partly due to differences in urban density and driver population. Toronto is a much more dense city, with work, home and leisure closely connected. As a result, fewer people are using their cars (or even own cars) to get where they need to go. Although it may be a cliché, Toronto's core may have younger people living there, many of whom wait to get a driver's license later in life.
On the other hand, North York is a spread-out bedroom community consisting of commuters, families, malls and big-box stores with ample parking. With more cars and drivers, there are more opportunities for accidents and claims. Insurance companies recognize that and adjust their North York auto insurance accordingly.
North York car insurance rates by postal code
North York is a blend of industrial, residential and commercial areas, and your rates depend on where you call home (and park your car) within this vast suburb.
For example, Willowdale, a mostly residential area with shops, schools and community centres, has some of the cheapest insurance rates in North York. On the low end is the M2N neighbourhood, which also borders Markham, with an average premium of $1,652 per year.
The M9N postal code area is on the high end, with an average annual insurance rate of $2,746.00. M9N is located in the most westerly end of North York and also encompasses parts of Etobicoke. It is home to many new Canadians and is also the site of several industrial plants, all of which will affect insurance rates.
| North York postal code | Avg. 2021 premium | Avg. 2020 premium | YoY change (%) |
|---|---|---|---|
| M9N | $2,685.00 | $2,463.00 | 9% |
| M9M | $2,746.00 | $2,864.00 | -4% |
| M9L | $2,623.00 | $2,864.00 | -8% |
| M6M | $2,238.00 | $2,463.00 | -9% |
| M6A | $2,170.00 | $2,352.00 | -8% |
| M4N | $1,810.00 | $1,695.00 | 7% |
| M4A | $2,534.00 | $2,432.00 | 4% |
| M3N | $2,746.00 | $2,864.00 | -4% |
| M3M | $2,170.00 | $2,463.00 | -12% |
| M3L | $2,685.00 | $2,463.00 | 9% |
| M3K | $2,170.00 | $2,352.00 | -8% |
| M3J | $2,685.00 | $2,864.00 | -6% |
| M3H | $2,238.00 | $2,593.00 | -14% |
| M3C | $2,060.00 | $2,202.00 | -6% |
| M3B | $1,810.00 | $2,084.00 | -13% |
| M3A | $2,204.00 | $2,390.00 | -8% |
| M2R | $2,060.00 | $2,202.00 | -6% |
| M2P | $1,810.00 | $2,084.00 | -13% |
| M2N | $1,652.00 | $2,084.00 | -21% |
| M2M | $1,810.00 | $2,432.00 | -26% |
| M2L | $1,810.00 | $2,084.00 | -13% |
| M2K | $1,810.00 | $2,084.00 | -13% |
| M2J | $1,810.00 | $2,432.00 | -26% |
| M2H | $1,810.00 | $2,432.00 | -26% |
Your age
Insurance companies care about your age. Not because they want to buy you a birthday gift, but because they use it to determine the risk you present as a potential client.
Generally, younger drivers are considered a greater risk on the road (less experience and perhaps less safe). As a result, they will have higher North York car insurance rates. Alternatively, older, more experienced drivers can look forward to declining rates.
The vehicle you drive
Not all cars are created equal. Higher-end vehicles often come with maintenance costs and a greater potential for theft. They, therefore, are riskier and more expensive to insure. More reliable, less expensive cars with safety features are considered less risky and are often less to insure.
Where you live
Your neighbourhood is important when assessing your North York car insurance. Some areas have a higher crime rate and potential for theft, while others may be safer. Also, insurers will look at the density of the area and the claim history to assess risk.
Your driving record
Your driving record is very important to car insurance companies serving North York. More experienced drivers with a clean record can look forward to lower rates than someone with a history of unsafe driving and accidents.
Your insurance history
Your insurance history also determines your North York auto insurance rate. The fewer claims you make, the less risk associated with your driving record and the cheaper your insurance will be.
The coverage options you choose to include in your policy
While having basic insurance is mandatory in North York, you are free to take on optional coverage. Optional coverage includes products that pay for a new vehicle (when you were the one that caused the accident) and those that ensure your premium stays at a certain rate (also after you cause an accident). However, all of this comes at an extra cost. Conversely, stopping at basic insurance coverage will keep rates down.
Your policy's deductibles
The deductible on your insurance policy is an amount you must pay for repairs or claims before your benefits kick in. As a result, the higher your deductible (meaning, the more you are willing to pay upfront), the better your insurance rate can be. The opposite is true if you choose to have a low deductible.
Bundling with other insurance products, such as home insurance
Bundling is a way to save on North York car insurance by using one provider for many services, usually home insurance.
Gender and marital status
North York auto insurance companies look at gender and marital status in risk profiles. Young, single males, for example, are considered higher risk drivers than women or married women. Married drivers are assumed to take fewer risks on the road because they have more obligations and responsibilities than single folks.
The company's own insurance claims history
To pay claims, an insurance company has to have capital available. As claims increase, cash reserves dwindle. As a result, rates may increase to replenish those cash reserves.
What can I do to get cheaper car insurance in North York?
Shop around
Comparison shopping is always a good idea. Sites like InsuranceHotline.com can help you receive instant quotes from North York's top insurance companies to find the cheapest car insurance.
Increase deductibles
Before insurance companies pay out benefits, a deductible payment is required – something the driver has to pay out of pocket before benefits kick in.
It's important to choose an insurance deductible wisely. The higher the deductible (meaning, the more you are personally willing to pay), the cheaper your North York car insurance rates will be. The lower the deductible, the more your North York auto insurance rates will be because the insurer will have to assume more risk, and the more they'll pay out.
Pay your premium annually instead of monthly
North York car insurance companies incentivize lump-sum premium payments by offering discounts.
The downside for the driver is that you have to have the available cash to pay it all in one shot — but the discount could be worthwhile. Talk to your broker or insurance provider to learn more about their discount offerings.
Bundle all policies
Many North York car insurance companies also offer home insurance. To convert you into a long-term customer, they will offer a discount on all insurance rates if you bundle all your insurance products with them. Bundling is a great money-saving move if you are already looking for other insurance products or trying to reduce overall costs. You can save 5% to 15% overall.
Insure all vehicles
Similar to bundling, insuring all vehicles under one North York auto insurance company will garner discounts from the provider. You can save 10% to 20% by insuring all vehicles under one roof.
Change tires seasonally
Putting on winter tires reduces risk during poor driving conditions. Your North York car insurance company will offer discounts of about 5% in return.
Compare annually
Each year North York auto insurance companies may change their discount policies, offer new ones, change rates or assess risks differently. It's important to compare each year to stay updated on other insurance companies' deals.
Use a telematics device
North York car insurance companies will offer discounts to drivers to allow them to monitor their driving habits. Opting in can shave as much as 25% off your bill.
Ask about discounts
There are discounts beyond winter tires and bundling. Ask your provider about senior discounts, memberships to associations and alumni specials.
Driver’s education
A driver’s education class will teach young drivers how to drive defensively on Ontario roads and, if you're already fully licenced, enhance the ones you already possess. North York car insurance companies consider that a plus as it reduces risk and encourages safe driving behaviours. Ask your provider if taking a class will help reduce your North York car insurance premiums.
Compare quotes and save on North York auto insurance
For busy families, every dollar and every minute counts. While there are many ways to save on your North York auto insurance premiums, there is no more effective or faster way than by shopping around and comparing quotes. That's why families have been trusting InsuranceHotline.com to find Ontario's lowest car insurance rates since 1994. On average, drivers save $841* after comparing car insurance quotes with InsuranceHotline.com. All it takes is a few minutes to get your quotes from our network of over 50 trusted Canadian insurance providers.
*Shoppers in North York who obtained a quote on InsuranceHotline.com from January to December 2023 saved an average of $841 per year. The average savings 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 North York auto insurance
How can I find the cheapest North York car insurance?
Finding the cheapest North York car insurance starts with comparison shopping and using sites like InsuranceHotline.com. A few simple bits of information about where you live and what your insurance needs are, and you'll have quotes from the top insurance companies in North York.
Next, InsuranceHotline.com will connect you with an insurance professional who can help you lock in your cheaper car insurance rate.
Who has the best auto insurance in North York?
Because each driver has different needs and insurance and driving histories, it is important to find a company that meets your specifications. Check InsuranceHotline.com for the cheapest auto insurance rates in North York and see which one matches your needs.
Can I get car insurance in North York as a newcomer?
First, you'll need a valid driver's license. If you're licensed in your home country, you have a 90-day grace period from the time you arrive in Ontario to change over your license. Some countries have a licence exchange agreement with Ontario, meaning you can swap licences immediately. If your home country doesn’t have an agreement with Ontario, you can still get credited for your driving experience. However, you may need to pass a driving test.
After you've crossed the licensing hurdle, you can get insurance. Some Canadian insurance companies might not count your driving experience, forcing you to start from square one, but some will. It helps to have proof of your insurance history from your previous provider.
There are dozens of auto insurance companies to choose from in Ontario. InsuranceHotline.com will help you find the insurance company that can offer you the lowest rate.
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