Cheap Ontario Car Insurance Quotes
Ontario drivers save $890* on average by comparing quotes on InsuranceHotline.com
Jump straight to:
- How does Ontario auto insurance work?
- Ontario car insurance eligibility and restrictions
- Ontario mandatory and optional auto insurance coverage
- How much was Ontario car insurance in 2023?
- Which Ontario city had the cheapest car insurance in 2023?
- Average Ontario car insurance rates by city
- What factors will affect my car insurance premium in Ontario?
- Ontario car insurance quotes by age and gender
- Ontario auto insurance developments in 2024
- How to get the cheapest car insurance in Ontario
- Average Ontario car insurance premiums (2008-2023)
- Ontario car insurance rate changes (2014-2024)
- Ontario car insurance frequently asked questions (FAQs)
How to get the cheapest Ontario car insurance quote
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How does Ontario auto insurance work?
If you drive, understanding Ontario car insurance is important for your personal and financial well-being. Insurance covers repair, medical, and legal costs after an accident. Taking time to consider your coverage needs will help you get the right care after an accident and save you thousands in the process.
Here are three key facts about Ontario car insurance that all drivers in the province need to know.
1) Ontario law requires all drivers have auto insurance.
It’s a legal requirement for drivers in Ontario to obtain car insurance on their vehicle. You also must carry a minimum amount of insurance, including third-party liability, accident benefits, and uninsured automobile insurance. These requirements are baked into a standard auto insurance policy. Drivers can purchase additional coverage or optional coverages to provide more robust protection coverage to support their auto insurance needs.
2) Auto insurance in Ontario operates under a no-fault system.
Despite the name, no-fault insurance system does not mean that no one is held responsible for causing an accident. The term means that regardless of fault, drivers only deal with their own insurance company when they need to make an accident claim.
3) Ontario car insurance also operates under a private insurance model.
Ontario drivers must purchase insurance policies directly from private insurance companies who compete for your business. You can purchase insurance from insurance brokers, insurance agents and direct writers (i.e., directly from the insurance providers).
Changes to Ontario auto insurance: 2024 reforms
Within the next two years, drivers will have the option to remove currently mandatory accident benefits from their auto insurance policy, according to the 2024 Ontario budget. Here's what that will look like.
Accident benefits reforms:
- Coverage that will become optional are the caregiver benefit, housekeeping and home maintenance expenses benefit, income replacement benefit, and death and funeral benefits.
- Coverage that will remain mandatory are benefits for medical, rehabilitation, and attendant care.
- The province also wants to make auto insurance companies the first payer for medical and rehabilitation benefits (currently, a person's private medical insurance is the first payer). This is supposed to streamline the claims process, leading to quicker resolutions.
The changes to accident benefits are expected to take effect sometime in 2026, after the province finishes consulting with car insurance providers. And in case you missed it, direct compensation for property damage (DCPD), once mandatory, became an optional coverage in January 2024.
The main takeaway
No matter what, your first step should always be to compare insurance companies online. The Ontario government says that comparison shopping is essential to find the lowest rate. Rates comparison websites like ours have made it easier to act on that advice.
Enter your postal code, and we'll source quotes from 50+ insurance companies in less than three minutes. You'll instantly see which insurer offers your lowest rate.
Our services are always free, and you're not obligated to do anything. A lot of drivers use comparison sites for research. If you're ready to switch insurance companies, we'll be in touch to connect you with the broker who can help you lock in your new rate.
Ontario car insurance eligibility and restrictions
Here’s what you need to be eligible for a standard personal car insurance policy in Ontario.
Valid driver’s licence
- Must have valid driver’s license
- All people listed on the policy must also have a valid license
- Must have a G, G2, G1 or equivalent
Residency
- Must be a Canadian resident
- Must reside in Ontario
Vehicle type & usage
- Vehicle must be for personal usage only
- Vehicle must be road safe
- Vehicle modifications must be reported to insurer
- Vehicle must not be used for illegal activities such as racing
- Business vehicles require commercial auto insurance
Good legal standing
- Serious prior convictions, past insurance losses, and claims can affect your eligibility
- Previous fraud convictions will almost guarantee you won’t be eligible
- Not disclosing information that can affect your policy can make your insurance null and void
Not all vehicles and drivers are eligible for standard car insurance. Some drivers may need a non-standard insurance policy (also known as high-risk auto insurance).
Ontario mandatory and optional auto insurance coverage
Learn which coverages you need by law and which ones you can add for a boost. Then compare insurance companies against each other to find your cheapest premium.
Insurance type | Mandatory coverage | Optional 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 was Ontario car insurance in 2023?
The average cost of car insurance in Ontario was $1,744 per year, according to InsuranceHotline.com data retrieved in the first three months of 2023.
The latest figures from the Financial Services Regulation Authority (FSRA) also align with InsuranceHotline.com’s findings. FSRA shows that the average car insurance premium was $1,796 per year as of October 2023 (FSRA publishes average premiums twice a year).
The average Ontario premium in 2024 is likely higher than the previous year’s based on the path insurance rates have historically followed (prices go up and rarely come down in Ontario). However, the cost of insurance coverage is increasing at double digit rates. The aggressive increases are due to many underlying issues not being resolved – car theft being a major one.
The trouble started when COVID-19 hit. Factory closures reduced the global supply of cars and car parts, which started off a chain reaction. The limited supply of new cars led to a spike of car thefts in Ontario and Quebec. This caused insurance companies to raise premiums for customers because more claims have been filed for theft. They also need to raise costs in anticipation of future claims.
The shortage of car parts means they’re more expensive to source, which raises the cost to repair vehicles, which means the claims that insurers pay are getting more expensive.
While drivers wait for the backlog of car parts to resolve, they're relying on rental cars for longer and longer periods on their insurance company’s dime. Increased expense is reflected in insurance premiums.
All of this is unfolding against the backdrop of persistently high inflation, which hasn't aided in stabilizing prices.
However, the premium you end up being charged will likely differ from the average; whether it's higher or lower depends on your driving record and insurance history, the vehicle you drive, and where you live, among other factors. For example, drivers in urban areas tend to pay more than drivers in rural areas.
Since car insurance prices in Ontario vary significantly, applying for quotes is the best way to find out how much car insurance will cost you.
Which Ontario city had the cheapest car insurance in 2023?
The town or city you live in impacts your insurance rates, with smaller, rural municipalities posing less insurance risk than urban centres. For this reason, drivers in the Greater Toronto Area (GTA) can expect to pay more than those in the country.
InsuranceHotline.com data reflects this trend: the 10 cheapest cities for car insurance are found in small cities and towns well outside the GTA, where prices range from $1,232 to as low as $546.
The most recent data from the Financial Regulatory Services Regulatory Authority (FSRA) shows that as of October 2023:
- Province-wide, the average premium was $1,796.
- In the GTA, the average premium was $2,391.
- In other urban areas outside the GTA, the average premium was $1,711.
- In rural Ontario, the average premium was $1,404.
According to FSRA, GTA drivers pay 39% more than drivers in other urban areas and 33% more than the provincial average. Compared to rural drivers, GTA drivers pay 70% more.
However, your city isn't the only thing that affects your rate (even if it is a major one). Your driving and insurance histories and the car you choose contribute to the premiums you're offered and are all things you can control.
Average Ontario car insurance rates by city
Your car insurance rate will be cheaper the further you live from an urban centre, where incidences of theft, fraud, and collision are higher.
The most current InsuranceHotline.com data shows that GTA cities have the highest premiums, in some locations edging paying almost $3,000 per year.
By comparison, the places with the three lowest premiums are towns in central eastern, northwestern, and northern Ontario. Beginning with the most inexpensive, they are:
- Cloyne
- Keewatin, Dryden, and Summer Beaver (tied)
- Kapuskasing
Below is InsuranceHotline.com's comprehensive ranking of Ontario cities by car insurance premium.
Rank | City | 2023 premium | 2021 premium | Change (%) |
---|---|---|---|---|
1 | BRAMPTON | $2,707 | $1,976 | 37% |
2 | TORONTO | $2,325 | $1,953 | 19% |
3 | MISSISSAUGA | $2,311 | $1,971 | 17% |
4 | RICHMOND HILL | $2,188 | $2,025 | 8% |
5 | VAUGHAN | $2,158 | $2,179 | -1% |
6 | PICKERING | $1,985 | $1,959 | 1% |
7 | MARKHAM | $1,870 | $1,744 | 7% |
8 | OSHAWA | $1,839 | $1,833 | 0% |
9 | HAMILTON | $1,810 | $1,564 | 16% |
10 | SCHOMBERG | $1,801 | $1,766 | 2% |
10 | KING CITY | $1,801 | $1,766 | 2% |
10 | STOUFFVILLE | $1,801 | $1,582 | 14% |
10 | AURORA | $1,801 | $1,582 | 14% |
10 | NOBLETON | $1,801 | $1,766 | 2% |
11 | BOWMANVILLE | $1,796 | $1,378 | 30% |
12 | NEWMARKET | $1,763 | $1,582 | 11% |
13 | BRADFORD | $1,754 | $1,636 | 7% |
13 | HOLLAND LANDING | $1,754 | $1,582 | 11% |
14 | WINDSOR | $1,743 | $1,491 | 17% |
15 | LONDON | $1,730 | $1,505 | 15% |
16 | AJAX | $1,726 | $2,104 | -18% |
17 | CALEDON | $1,696 | $1,717 | -1% |
18 | WHITBY | $1,690 | $1,792 | -6% |
19 | OAKVILLE | $1,683 | $1,408 | 20% |
19 | GEORGETOWN | $1,683 | $1,526 | 10% |
19 | ACTON | $1,683 | $1,526 | 10% |
20 | GUELPH | $1,676 | $1,391 | 21% |
21 | CAMBRIDGE | $1,669 | $1,412 | 18% |
22 | PRICEVILLE | $1,660 | $1,459 | 14% |
22 | MULMUR | $1,660 | $1,689 | -2% |
22 | ORANGEVILLE | $1,660 | $1,766 | -6% |
22 | CANNINGTON | $1,660 | $1,351 | 23% |
22 | SHELBURNE | $1,660 | $1,636 | 1% |
22 | KESWICK | $1,660 | $1,582 | 5% |
23 | KITCHENER | $1,654 | $1,346 | 23% |
24 | WATERDOWN | $1,622 | $1,368 | 19% |
24 | BINBROOK | $1,622 | $1,368 | 19% |
25 | SELKIRK | $1,617 | $1,580 | 2% |
26 | AMHERSTBURG | $1,616 | $1,383 | 17% |
26 | COMBER | $1,616 | $1,383 | 17% |
26 | LASALLE | $1,616 | $1,383 | 17% |
26 | PELEE ISLAND | $1,616 | $1,383 | 17% |
26 | ESSEX | $1,616 | $1,383 | 17% |
27 | MILTON | $1,612 | $1,498 | 8% |
28 | BRANTFORD | $1,602 | $1,369 | 17% |
29 | WATERLOO | $1,594 | $1,351 | 18% |
30 | INNISFIL | $1,588 | $1,582 | 0% |
31 | BURLINGTON | $1,586 | $1,374 | 15% |
32 | WELLESLEY | $1,581 | $1,318 | 20% |
32 | ST GEORGE BRANT | $1,581 | $1,368 | 16% |
32 | CAMPBELLVILLE | $1,581 | $1,368 | 16% |
33 | DUBREUILVILLE | $1,578 | $1,398 | 13% |
34 | THESSALON | $1,564 | $1,398 | 12% |
34 | FOLEYET | $1,564 | $1,398 | 12% |
34 | MANITOWANING | $1,564 | $1,398 | 12% |
35 | FORT ERIE | $1,560 | $1,327 | 18% |
35 | NIAGARA FALLS | $1,560 | $1,327 | 18% |
36 | SHEDDEN | $1,535 | $1,318 | 16% |
36 | COURTICE | $1,533 | $1,378 | 11% |
36 | NEWCASTLE | $1,533 | $1,378 | 11% |
37 | ELMVALE | $1,518 | $1,351 | 12% |
37 | SUNDERLAND | $1,518 | $1,351 | 12% |
37 | UXBRIDGE | $1,518 | $1,351 | 12% |
38 | DEVLIN | $1,516 | $1,283 | 18% |
39 | LAKEFIELD | $1,492 | $1,351 | 10% |
39 | KENDAL | $1,492 | $1,175 | 27% |
40 | HURON PARK | $1,491 | $1,318 | 13% |
40 | OIL SPRINGS | $1,491 | $1,318 | 13% |
41 | OWEN SOUND | $1,484 | $1,318 | 13% |
41 | ROSTOCK | $1,484 | $1,318 | 13% |
41 | PORT ELGIN | $1,484 | $1,318 | 13% |
41 | MEAFORD | $1,484 | $1,318 | 13% |
41 | COURTLAND | $1,484 | $1,318 | 13% |
41 | PARIS | $1,484 | $1,318 | 13% |
41 | SARNIA | $1,481 | $1,256 | 18% |
42 | FORT FRANCES | $1,479 | $1,283 | 15% |
43 | GODERICH | $1,471 | $1,318 | 12% |
43 | STRATFORD | $1,471 | $1,318 | 12% |
43 | ST MARYS | $1,471 | $1,318 | 12% |
43 | HANOVER | $1,471 | $1,318 | 12% |
43 | WOODSTOCK | $1,471 | $1,331 | 11% |
43 | TILLSONBURG | $1,471 | $1,318 | 12% |
43 | ELMIRA | $1,471 | $1,318 | 12% |
43 | FERGUS | $1,471 | $1,318 | 12% |
43 | INGERSOLL | $1,471 | $1,318 | 12% |
43 | STRATHROY | $1,471 | $1,318 | 12% |
43 | NEW HAMBURG | $1,471 | $1,318 | 12% |
43 | KINCARDINE | $1,471 | $1,318 | 12% |
43 | LISTOWEL | $1,471 | $1,318 | 12% |
44 | PORT COLBORNE | $1,463 | $1,327 | 10% |
44 | THOROLD | $1,463 | $1,327 | 10% |
44 | GRIMSBY | $1,463 | $1,368 | 7% |
44 | WELLAND | $1,463 | $1,327 | 10% |
45 | SHUNIAH | $1,450 | $1,369 | 6% |
45 | THUNDER BAY | $1,450 | $1,369 | 6% |
45 | NEEBING | $1,450 | $1,369 | 6% |
46 | KENORA | $1,445 | $1,283 | 13% |
46 | KASABONIKA | $1,445 | $1,283 | 13% |
46 | INGOLF | $1,445 | $1,310 | 10% |
46 | SIOUX LOOKOUT | $1,445 | $1,283 | 13% |
47 | KINGSVILLE | $1,440 | $1,383 | 4% |
47 | BORDEN | $1,440 | $1,636 | -12% |
47 | MIDLAND | $1,440 | $1,351 | 7% |
47 | SIMCOE | $1,440 | $1,318 | 9% |
47 | MINESING | $1,440 | $1,351 | 7% |
47 | WALLACEBURG | $1,440 | $1,383 | 4% |
47 | PORT STANLEY | $1,440 | $1,278 | 13% |
47 | WASAGA BEACH | $1,440 | $1,582 | -9% |
47 | LEAMINGTON | $1,440 | $1,383 | 4% |
47 | ST THOMAS | $1,440 | $1,278 | 13% |
47 | AYLMER | $1,440 | $1,318 | 9% |
47 | ORILLIA | $1,440 | $1,351 | 7% |
47 | CHATHAM | $1,440 | $1,383 | 4% |
47 | COLLINGWOOD | $1,440 | $1,318 | 9% |
47 | DELHI | $1,440 | $1,318 | 9% |
47 | PENETANGUISHENE | $1,440 | $1,351 | 7% |
47 | DUNNVILLE | $1,440 | $1,394 | 3% |
48 | LIVELY | $1,429 | $1,258 | 14% |
48 | ESPANOLA | $1,429 | $1,378 | 4% |
48 | VAL CARON | $1,429 | $1,258 | 14% |
48 | ELLIOT LAKE | $1,429 | $1,398 | 2% |
48 | GARSON | $1,429 | $1,258 | 14% |
48 | HANMER | $1,429 | $1,258 | 14% |
49 | ST CATHARINES | $1,410 | $1,327 | 6% |
50 | KIRKLAND LAKE | $1,397 | $1,306 | 7% |
50 | SOUTH PORCUPINE | $1,397 | $1,398 | 0% |
50 | TIMMINS | $1,397 | $1,378 | 1% |
50 | HEARST | $1,397 | $1,398 | 0% |
50 | COBALT | $1,397 | $1,351 | 3% |
50 | IROQUOIS FALLS A | $1,397 | $1,398 | 0% |
51 | NOVAR | $1,379 | $1,187 | 16% |
51 | GRAVENHURST | $1,379 | $1,187 | 16% |
51 | ROSSEAU | $1,379 | $1,187 | 16% |
51 | HUNTSVILLE | $1,379 | $1,187 | 16% |
51 | NORTH BAY | $1,379 | $1,351 | 2% |
51 | MCKELLAR | $1,379 | $1,187 | 16% |
51 | STURGEON FALLS | $1,379 | $1,351 | 2% |
51 | LORING | $1,379 | $1,351 | 2% |
51 | KILWORTHY | $1,379 | $1,187 | 16% |
51 | BRACEBRIDGE | $1,379 | $1,187 | 16% |
51 | UTTERSON | $1,379 | $1,187 | 16% |
51 | PARRY SOUND | $1,379 | $1,187 | 16% |
52 | OTTAWA | $1,321 | $1,257 | 5% |
53 | CASSELMAN | $1,307 | $1,206 | 8% |
53 | RUSSELL | $1,307 | $1,206 | 8% |
53 | CURRAN | $1,307 | $1,255 | 4% |
53 | NAVAN | $1,307 | $1,206 | 8% |
53 | HAWKESBURY | $1,307 | $1,239 | 5% |
53 | ROCKLAND | $1,307 | $1,206 | 8% |
54 | BOBCAYGEON | $1,305 | $1,351 | -3% |
55 | CORNWALL | $1,289 | $1,132 | 14% |
55 | MARTINTOWN | $1,289 | $1,132 | 14% |
56 | IROQUOIS | $1,276 | $1,132 | 13% |
56 | KEMPTVILLE | $1,276 | $1,185 | 8% |
56 | PORT HOPE | $1,276 | $1,175 | 9% |
56 | PICTON | $1,276 | $1,175 | 9% |
57 | TRENTON | $1,259 | $1,175 | 7% |
57 | COBOURG | $1,259 | $1,175 | 7% |
57 | PETERBOROUGH | $1,259 | $1,351 | -7% |
57 | LINDSAY | $1,259 | $1,351 | -7% |
57 | KINGSTON | $1,259 | $1,132 | 11% |
57 | BELLEVILLE | $1,259 | $1,175 | 7% |
57 | AMHERSTVIEW | $1,259 | $1,132 | 11% |
58 | SUDBURY | $1,249 | $1,258 | -1% |
59 | CARLETON PLACE | $1,232 | $1,206 | 2% |
59 | GANANOQUE | $1,232 | $1,132 | 9% |
59 | SMITHS FALLS | $1,232 | $1,185 | 4% |
59 | ELIZABETHTOWN | $1,232 | $1,132 | 9% |
59 | PERTH | $1,232 | $1,206 | 2% |
59 | BROCKVILLE | $1,232 | $1,132 | 9% |
60 | BARRIE | $1,225 | $1,582 | -23% |
61 | SAULT STE. MARIE | $1,185 | $1,398 | -15% |
62 | PEMBROKE | $1,175 | $1,206 | -3% |
62 | NAPANEE | $1,175 | $1,175 | 0% |
62 | PETAWAWA | $1,175 | $1,206 | -3% |
62 | ARNPRIOR | $1,175 | $1,206 | -3% |
62 | RENFREW | $1,175 | $1,206 | -3% |
62 | BARRYS BAY | $1,175 | $1,253 | -6% |
63 | ALLISTON | $1,152 | $1,636 | -30% |
64 | ORONO | $1,047 | $1,351 | -23% |
64 | PORT PERRY | $1,047 | $1,351 | -23% |
65 | CHESLEY | $894 | $1,318 | -32% |
66 | KAPUSKASING | $888 | $1,306 | -32% |
67 | KEEWATIN | $586 | $1,283 | -54% |
67 | DRYDEN | $586 | $1,283 | -54% |
67 | SUMMER BEAVER | $586 | $1,310 | -55% |
68 | CLOYNE | $546 | $1,185 | -54% |
Premiums are estimates based on a 35-year-old male who drives a 2019 Honda Civic four-door with a clean driving record.
We decode the factors that can increase your car insurance payment and offer tips on how to lower your costs.
Age
How much you pay for insurance depends a lot on your age. Drivers in their teens and early twenties, males especially, pay the highest car insurance premiums. Prices will begin to decrease by your mid-twenties, and the price gap between men and women usually resolves by age 30. Your rates take another dip in your fifties.
What to do next: Compare insurance rates at least every decade. The insurer with your best rate in your thirties may not offer the best deal as you enter your forties, for instance.
The vehicle you drive
Base models tend to fetch lower insurance premiums than cars with luxury trim. This is because basic cars are cheaper to repair and replace. Remember to factor in insurance costs when deciding between make and models.
What to do next: Remember to factor in insurance costs when deciding between make and models. You can use comparison sites or brokers to compare rates before you decide.
Where you live
The place you call home affects your rates, down to your postal code. Insurance companies group drivers by geographic location and examine claims activity within those boundaries. Your neighbours affect your rate. More claims equal higher rates, while fewer claims equal lower rates.
What to do next: Moving soon? While car insurance rates might not be your top priority, it’s worth checking them out. Our insurance rate map is an easy way to see what people in other postal codes are paying. Even if you’re not moving, being aware of your neighbors’ rates can be beneficial. Switching insurance companies could save you money, whether you relocate or stay put.
Your driving record
Any conviction under Ontario’s Highway Traffic Act will affect your premiums. Think speeding, driving under the influence, and driving without a license. In Ontario, convictions stay on your insurance record for six years, so protect your driving record.
What to do next: Brush up on the traffic convictions in Ontario that will harm your insurance premium. If you have a previous conviction, taking a defensive driving course will help rebuild your insurer’s trust. You could also increase your deductibles; however, this does carry risk if you have a history of at-fault claims. Most importantly, change your habits and don’t get rack up any more convictions. Many first-time driving convictions are cleared from your driving record after three to six years in Ontario. The same grace isn’t extended to repeat offenders.
Your insurance history
Your insurance history is important. Traffic convictions have a large impact on your insurance history. Failure to pay your premiums on time — or not at all — will also destroy your credibility with your insurer and lead to a massive increase in your premium. It can also result in the cancellation of your policy, which will make finding cheap insurance with another provider nearly impossible.
Another thing that can trigger cancellation driving for a rideshare app without informing your insurer. All rideshare apps offer commercial insurance to drivers, but you're still obligated to let the provider of your personal policy know about your intention to start a new side hustle.
What to do next: Set reminders to pay your insurance bill. Your insurer may also be able to deduct your payment automatically. If not, explore your insurance company’s online account management service. Many insurance companies have invested heavily into improving their online customer portals so it’s easier for customers to make payments and manage their policies.
You can also choose your payment frequency. Insurance companies allow you to pay monthly or annually, and in some cases, quarterly or semi-annually.
If you’ve had your insurance cancelled, compare providers to find one that can offer your best rate. Then, see which of the other tips listed here you can apply. Follow them aggressively and consistently. Your premiums will shrink in time.
The coverage options you choose to include in your policy
Certain forms of auto insurance coverage are mandatory in Ontario — liability, accident, uninsured driver, and property damage — but you can choose to enhance your policy with a range of products. Adding them will raise your premium. Optional auto insurance in Ontario includes several products that reimburse you for physical damage to your car by circumstances that are not covered in a standard policy. Another form of optional insurance includes endorsements, which are special contracts that amend a standard policy. For example, some endorsements will protect your premium from rising after your first at-fault accident, and there are ones that ensure depreciation won't be deducted from a claims settlement.
What to do next: Work with an insurance professional to figure out if you have the right amount of coverage. You may be able to slim down your policy. You can also look into bundling your other personal policies (home, tenant, or condo) with your car insurance policy.
Your policy's deductibles
A deductible is an amount you agree to pay before your insurance company chips in. Insurers will lower your premium if you increase a deductible since you’re demonstrating that you're willing to shoulder a greater portion of the cost.
What to do next: Evaluate your claims history before you change your deductible. Have you paid a deductible before? Then chances are you’ll eventually pay one again, and you need to be prepared for it. Next, evaluate your financial situation. You need to be sure you can afford to pay your new deductible. If you don’t have a sinking fund for emergencies, start one. Investigate all these questions with help from an insurance professional you trust. A professional can also compare different deductibles and their impact on your premium.
Whether you 'bundle' other insurance products, such as home insurance
Insurance companies will reward you for more business by bundling your home and auto policies.
What to do next: Contact your insurance provider or broker to let them know that you’re interest in bundling your home, tenant, or condo policies. Be sure to go over the coverage levels provided by the new policy (is it similar to your current policy?). You should also ask your broker to go over the cost difference. Is there enough of a difference to justify switching? Bundling policies will simplify your payments and claims. Only continue if you’re satisfied with the terms of your coverage and in the change of price. You should always consult an insurance professional during this process.
Gender and marital status
In Ontario, insurance companies are allowed to consider your gender and marital status when calculating your premium. Men are viewed as riskier to insure, and their premiums tend to be higher than women's. Nonbinary drivers are offered female rates. Married drivers are perceived as being at lower risk to insure, which might benefit their premium.
What to do next: There really isn’t much you can do about this rating criteria. (Though some have tried to change their gender just for the discounts – not only is this is unethical, but it might also amount to insurance fraud.) If you’re male, keeping a spotless claims and conviction and insurance history should be your priority. Men tend to see large reductions in rates over time by following this guidance, though it applies to all genders. As you age, and if you maintain good driving habits, your premiums will fall.
The company’s own insurance claims history
Insurance companies must ensure they have enough in their coffers to meet their obligations to policyholders in the present and future. That’s why insurance companies are among the most fiscally conservative businesses in the financial marketplace. If insurers see that claim settlements are outpacing revenue from premiums (the relationship is tracked using a metric known as the ‘combined ratio’), they will increase their customers' rates.
What to do next: This is another factor consumers have very little control over. Your best defence is to compare the market to find your lowest car insurance rate. A different company than the one you’re currently with might be in the position to offer you a better rate.
Ontario car insurance quotes by age and gender
The price of car insurance varies by age and gender. The under 30-set pays the most for car insurance, and young male drivers are penalized more harshly than female drivers of the same age. Premiums start dropping for men and women at age 25; by age 30, gender is even less of a concern with insurers.
To illustrate, we found the average premium for men and women in Ontario that used InsuranceHotline.com during the first six months of 2023. Rates declined each decade for drivers, with those aged sixty and older paying the least.
Age | Male average premium | Female average premium |
---|---|---|
Below 20 | $6,344.54 | $4,598.64 |
20 to 29 | $4,724.41 | $3,907.81 |
30 to 39 | $3,555.48 | $3,248.37 |
40 to 49 | $2,906.67 | $2,859.61 |
50 to 59 | $2,169.97 | $2,123.76 |
60 or above | $1,449.65 | $1,323.22 |
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The cheapest car insurance quotes unlocked by real Ontario drivers
Here are some recent examples of savings found by real Ontario drivers from across the province using InsuranceHotline.com.
Cheapest Quote: $939
Driver: 46, Female
From: Newmarket, Ontario
Driving: 2023 Toyota RAV4
Cheapest Quote: $561
Driver: 50, Male
From: Toronto, Ontario
Driving: 2002 Hyundai Sonata
Cheapest Quote: $680
Driver: 45, Male
From: Mississauga, Ontario
Driving: 2006 Cadillac CTS
Cheapest Quote: $1,137
Driver: 39, Female
From: Markham, Ontario
Driving: 2018 CR-V
Cheapest Quote: $255
Driver: 48, Male
From: North York
Driving: 2016 Volkswagen Golf
Cheapest Quote: $273
Driver: 48 Female
From: Oshawa
Driving: 2019 Toyota Sienna
Ontario auto insurance developments in 2024
The province is gradually introducing more ways for drivers to slim down their insurance policies to help drivers find relief from rising auto insurance prices.
DCPD became optional in January 2024
Drivers can now remove direct compensation for property damage (DCPD) coverage, which is a standard coverage. Removing it could reduce your policy by 5% to 10%.
However, you’re also getting rid of your right to be compensated for car damage when another driver is to blame for an accident.
Many insurance professionals are skeptical about how effective this new option will be; if drivers are so financially stretched that they want to cut DCPD to save $20 a month, they probably need the protection provided by DCPD the most.
Changes coming to accident benefits, province announces
Drivers will eventually be able to remove some accidents benefits to reduce their costs, the province announced in the 2024 budget. The province is working with insurance providers to make this happen by 2026.
Coverage that will remain mandatory are benefits for medical, rehabilitation, and attendant care.
Coverage that will become optional are the caregiver benefit, housekeeping and home maintenance expenses benefit, income replacement benefit, and death and funeral benefits.
This offer is geared towards drivers who have duplicate coverage through private insurance.
Tackling postal code discrimination is on the regulator's radar
The Financial Services Regulatory Authority of Ontario (FSRA) is looking into changing up the territorial rating system, which promises to put an end to ‘postal code discrimination.’
Currently, insurance companies pool drivers and risk by forward sortation area (also known as the first three characters of your postal code).
FSRA is modelling new territorial groupings in the GTA and looking at how it will change insurance rates over time.
The existing rating system means that if you live in an area with a higher frequency of accidents, thefts, or claims, your insurance premium may be high.
Places like Scarborough, Vaughan, Brampton have long had disproportionally high insurance rates as a result.
There’s currently no set timeline for when this might be implemented in real life.
To sum it all up
The factors driving Ontario auto insurance rates are complex.
The new solutions proposed by the province may only result in a slight decrease in rates for customers who opt in. They can’t address some of the other issues driving rising costs such as outdated security systems in cars and supply shortages (the latter being mostly outside the scope of the province's legislative capabilities).
Addressing the systemic issues that cause high car insurance premiums by modernizing the territorial rating system is the most promising proposal.
Meanwhile, the best way currently for consumers to lower their rates is to reduce their risk factors and follow FSRA’s guidance to compare car insurance quotes before locking into a policy.
How to get the cheapest car insurance in Ontario
Saving on car insurance is easier than you think. These tips help ensure you’re getting the cheapest Ontario car insurance rate.
Shop around
Get quotes from as many car insurance companies as possible. InsuranceHotline.com compares quotes from 50+ insurers. Users in Ontario save an average of $890* on car insurance.
Bundle insurance policies
You can usually save 15% when purchasing your home and car insurance as a bundle from the same provider.
Get a multi-vehicle policy
If you have multiple cars in your family, you can save up to 20% by insuring them with the same company and policy.
Use winter tires
Putting winter tires on between Nov 1 and Apr 1 will earn you a winter tire discount of about 5% with most insurers.
Use a telematics device
Allow your insurer to monitor your driving habits and they will reward you with a reduced rate, sometimes as much as 25% off at renewal.
Research discounts
Don’t be afraid to ask about discounts you might be eligible for, including alumni and claims-free savings.
Take driving classes
Are you a new driver, or is your child almost ready to take the wheel? Consider an accredited driver’s education course to save on Ontario car insurance.
Increase deductibles
If it fits your budget, increase your deductibles from $500 to $1,000 to save 5 to 10% on your Ontario car insurance.
Make a lump sum payment
A single annual payment can help the insurance company reduce the administrative fees associated with charging and processing monthly payments.
Year | Average Ontario car insurance premium |
---|---|
2023 | $1,744 |
2022 | $1,555 |
2020 | $1,655 |
2019 | $1,634 |
2018 | $1,505 |
2017 | $1,445 |
2016 | $1,432 |
2015 | $1,455 |
2014 | $1,486 |
2013 | $1,540 |
2012 | $1,549 |
2011 | $1,532 |
2010 | $1,481 |
2009 | $1,374 |
2008 | $1,314 |
Source: Financial Services Regulatory Authority of Ontario (2022 and 2023 figures)
Ontario car insurance rates are on the rebound after seven consecutive quarters of little to no change. Rates were stable during 2020 and 2021, as pandemic conditions significantly altered our collective driving habits. There were fewer collisions, drivers decreased their coverage, and insurance companies issued base rate reductions, pandemic discounts, and rebates.
The reversal began in the spring of 2022 and took hold in 2023. Due to how Ontario’s auto insurance system works, insurance prices are still catching up with record inflation. Providers file a request to change rates and wait for regulatory approval. Then, there's usually a lag between when a new rate is approved and when they start applying it to customers. Because of this, insurance rates would be considered a 'lagging' economic indicator.
If your car insurance policy is renewing soon and you're concerned about rising prices, shopping around and comparing quotes from multiple insurance companies is recommended by Ontario’s regulator of car insurance prices, the Financial Services Regulatory Authority of Ontario (FSRA), as well as the Financial Consumer Agency of Canada (FCAC), the federal government's consumer watchdog.
Ontario car insurance rate changes 2018 - 2024
Throughout the year, insurers adjust the rates they charge, but they must get permission from the province first. The Financial Services Regulatory Authority of Ontario (FSRA) oversees insurance in the province and approves or denies these requests. Ontario car insurance rates change frequently, and claims activity is usually the catalyst. Premiums follow claims costs: when claims go up, so do premiums, and vice versa.
FSRA can also order auto insurance companies in Ontario to adjust their rates, such as in the event of auto reform. FSRA states that proposed rate changes must be just, reasonable, and not excessive for consumers. However, it also allows some flexibility for companies to modify rates to ensure their financial stability. Changes in rates are posted within days of approval, and while sometimes only a small number of insurers change their rate, there are times when many do at once.
In 2024, Ontario auto insurance rates are trending upwards, with increases driven by several key factors. Inflation continues to push up the cost of vehicle repairs and replacements, while supply chain disruptions exacerbate these costs. Additionally, rampant auto theft has significantly impacted premiums, with insurers paying out over $1 billion in claims in 2022 alone. The Financial Services Regulatory Authority of Ontario (FSRA) has approved rate hikes for numerous providers, reflecting these rising costs.
The table below, featuring FSRA's approved quarterly changes*, shows how often rates change and underscores the importance of comparing car insurance rates.
Auto Insurer | Insurer Group | Approved Rate Change (%) | Renewal Effective Date | Approval Date |
---|---|---|---|---|
Zurich Insurance Company | Zurich | 2.50 | 4-Nov-2024 | 4-Jun-2024 |
Dominion of Canada General Insurance Company (The) | Travelers | -0.07 | 13-Oct-2024 | 17-Jun-2024 |
Unica Insurance Inc. | Beneva | 0.33 | 7-Oct-2024 | 27-Jun-2024 |
Security National Insurance Company | TD | -0.20 | 25-Sep-2024 | 17-May-2024 |
Primmum Insurance Company | TD | 4.47 | 25-Sep-2024 | 17-May-2024 |
TD General Insurance Company | TD | 4.58 | 25-Sep-2024 | 17-May-2024 |
Pembridge Insurance Company | Allstate | 4.75 | 11-Sep-2024 | 10-Jun-2024 |
Pafco Insurance Company | Allstate | 2.04 | 11-Sep-2024 | 10-Jun-2024 |
Certas Direct Insurance Company | Desjardins | 0.55 | 10-Sep-2024 | 19-Jun-2024 |
Certas Home and Auto Insurance Company | Desjardins | 0.50 | 10-Sep-2024 | 19-Jun-2024 |
Personal Insurance Company (The) | Desjardins | 0.72 | 10-Sep-2024 | 19-Jun-2024 |
Allstate Insurance Company of Canada | Allstate | 5.18 | 4-Sep-2024 | 10-Jun-2024 |
CUMIS General Insurance Company | Co-op | 4.44 | 1-Sep-2024 | 11-Mar-2024 |
Belair Insurance Company Inc. | Intact | 2.41 | 16-Aug-2024 | 12-Jun-2024 |
Aviva General Insurance Company | Aviva | -0.52 | 15-Aug-2024 | 2-May-2024 |
S&Y Insurance Company | Aviva | -0.56 | 15-Aug-2024 | 2-May-2024 |
Unica Insurance Inc. | Beneva | -0.20 | 15-Aug-2024 | 16-May-2024 |
Intact Insurance Company | Intact | 2.53 | 12-Aug-2024 | 4-Jun-2024 |
Sonnet Insurance Company | Definity | 6.85 | 11-Aug-2024 | 4-Jun-2024 |
Co-operators General Insurance Company | Co-op | 7.83 | 9-Aug-2024 | 17-May-2024 |
Aviva Insurance Company of Canada | Aviva | -0.84 | 1-Aug-2024 | 22-Apr-2024 |
Traders General Insurance Company | Aviva | -1.44 | 1-Aug-2024 | 2-May-2024 |
Peel Mutual Insurance Company | Peel | 2.67 | 1-Aug-2024 | 3-May-2024 |
Gore Mutual Insurance Company | Gore | 4.11 | 25-Jul-2024 | 26-Apr-2024 |
Definity Insurance Company | Definity | 3.84 | 20-Jul-2024 | 26-Apr-2024 |
Federated Insurance Company of Canada | Northbridge | 0.12 | 1-Jul-2024 | 15-Jan-2024 |
Coachman Insurance Company | SGI | 4.99 | 1-Jul-2024 | 19-Mar-2024 |
SGI CANADA Insurance Services Ltd. | SGI | 4.97 | 1-Jul-2024 | 8-Apr-2024 |
Commonwell Mutual Insurance Group (The) | Commonwell | 12.05 | 1-Jul-2024 | 28-Mar-2024 |
Northbridge General Insurance Corporation | Northbridge | 0.13 | 1-Jul-2024 | 15-Jan-2024 |
CAA Insurance Company | CAA | 0.15 | 30-Jun-2024 | 10-May-2024 |
Farm Mutual Reinsurance Plan Inc. (on behalf of Ontario Mutuals) | FMRe | 2.47 | 1-Jun-2024 | 5-Apr-2024 |
Heartland Farm Mutual Inc. | Heartland | 0.08 | 1-Jun-2024 | 7-Mar-2024 |
Portage la Prairie Mutual Insurance Company (The) | Portage | 25.79 | 1-Jun-2024 | 16-Jan-2024 |
Zenith Insurance Company | Northbridge | 9.77 | 1-May-2024 | 4-Mar-2024 |
Echelon Insurance | CAA | 9.96 | 1-May-2024 | 26-Jan-2024 |
Verassure Insurance Company | Northbridge | 11.59 | 5-Apr-2024 | 2-Feb-2024 |
Facility Association | FA | 9.83 | 1-Apr-2024 | 15-Dec-2023 |
Wawanesa Mutual Insurance Company (The) | Wawanesa | 6.02 | 1-Apr-2024 | 15-Jan-2024 |
Chubb Insurance Company of Canada | Chubb | 0.00 | 1-Mar-2024 | 22-Feb-2024 |
Optimum Insurance Company Inc. | Optimum | 6.20 | 1-Nov-2023 | 11-Aug-2023 |
Jevco Insurance Company | Intact | 5.00 | 13-Oct-2023 | 11-Jul-2023 |
Scottish & York Insurance Co. Limited | Aviva | 0.00 | 1-Oct-2023 | 20-Jun-2023 |
Sompo Japan Insurance Inc. | Sompo | 0.00 | 1-Jan-2023 | 23-Nov-2022 |
Unifund Assurance Company | Intact | 5.00 | 1-Dec-2022 | 22-Sep-2022 |
Economical Mutual Insurance Company | Economical | -0.11 | 1-May-2021 | 27-Jan-2021 |
Novex Insurance Company | Intact | 0.00 | 10-Apr-2020 | 24-Jan-2020 |
Royal & SunAlliance Insurance Company of Canada | Intact | 5.00 | 19-Mar-2020 | 5-Dec-2019 |
COSECO Insurance Company | Co-op | 10.12 | 1-Mar-2020 | 15-Oct-2019 |
Western Assurance Company | Intact | 5.00 | 15-Feb-2020 | 7-Nov-2019 |
Guarantee Company of North America (The) | Intact | 7.54 | 15-Jan-2020 | 29-Oct-2019 |
Continental Casualty Company | Continental | 8.09 | 1-Jan-2020 | 17-Dec-2019 |
Sovereign General Insurance Company (The) | Co-op | 0.00 | 14-Aug-2019 | 21-May-2019 |
Hartford Fire Insurance Company | Hartford | 34.87 | 1-Apr-2019 | 19-Dec-2018 |
AIG Insurance Company of Canada | AIG | 0.00 | 28-Oct-2018 | 28-Mar-2018 |
Tokio Marine and Nichido Fire Insurance Company Limited | Tokio | 0.00 | 1-Aug-2018 | 6-Jun-2018 |
Liberty Mutual Insurance Company | Liberty | 0.00 | 1-Jul-2018 | 10-Apr-2018 |
Esurance Insurance Company of Canada | Allstate | 0.00 | 30-Jun-2018 | 26-Apr-2018 |
XL Specialty Insurance Company | XL | 0.00 | 1-Jun-2018 | 26-Apr-2018 |
Ontario car insurance frequently asked questions (FAQs)
How does no fault insurance work in Ontario?
Ontario is a no-fault insurance province. While this might sound like it means no one will be found at fault in the event of a collision, it means something altogether different.
What no-fault actually means that you deal with your own insurance company when making a claim if you are injured in an accident or your vehicle is damaged in one. By going through your own insurer, you get the financial help you need right away — whether it's for injuries you sustained or for fixing your damaged vehicle — instead of waiting for your insurer and the other drivers' insurers to pay.
For more information, please review our guide on The Truth About No-Fault Insurance.
How do you prove you have auto insurance in Ontario?
By law, you must carry proof of auto insurance with you when you’re driving, even if you’re not the owner of the car.
Proof of insurance must be always stored in your car. If you’re lending someone your car, you must make sure they know the location of the certificate or transfer a digital copy to them.
The fines for not being able to show insurance when stopped by police ranges from $50 to $500 plus surcharges.
A charge of failing to surrender insurance is a separate offence from not having insurance in the first place, or falsifying insurance (the penalty for those ranges from $5,000 to $50,000, plus having your licence suspended and car impounded).
The following forms of proof are acceptable, according to the Financial Services Regulatory Authority of Ontario (FSRA):
- Physical certificate (sometimes called a ‘pink slip’)
- Digital certificate (can be stored on your smart phone)
- An insurance binder (a document that acts as temporary proof of insurance)
How do you file an auto insurance claim in Ontario?
If you are involved in an accident resulting in injury or damage, you must report it to a police collision reporting centre within 24 hours and within seven days to your insurance company to file an auto insurance claim, no matter who is at fault.
Failure to do so could result in your insurance company not honouring your claim.
Next, an insurance claims adjuster will be assigned to your case to determine fault. In the insurance world, someone is always partially or fully at fault. This is so insurance companies can determine who pays what damages and that the at-fault driver's premiums are reflected accordingly.
Once fault is determined, payouts will be processed. If you are at fault, your rates may increase upon renewal. If you disagree with the outcome of an insurance investigation, you can contact the claims manager or the insurance company's ombudsperson to help you resolve the issue.
Why is Ontario car insurance expensive?
Ontario roads have more cars.
One of the driving factors is that there are simply more cars in Ontario. There were close to 13 million vehicles registered in Ontario in 2019, compared to five million in Alberta and four million in B.C.
It’s simple math: the more cars on the road, the more claims insurers must settle.
And since insurance is a form of pooled risk, other people’s driving behaviour will impact your insurance premium.
Car thefts are increasing in Ontario.
Car theft is on the rise in Ontario and claims for the stolen vehicles is pushing up costs for insurers, which translates into higher premiums for customers. In 2023, one vehicle was stolen every 48 minutes, according to the province.
New vehicle prices have gone up, too. The price of a new car is roughly $66,000 in Canada. This means that the cost of fulfilling a claim is higher for insurers.
Ontario has a hybrid auto insurance system.
Another contributor is Ontario’s auto insurance system. Ontario has a limited no-fault system, which means that drivers can access rich benefits from their insurance provider while also retaining the right to sue for damages in addition to their claims settlement.
In Ontario, drivers will get their liability and medical expenses covered by their own insurance company. Their own insurer will also directly compensate them to get repairs or to replace a car that was damaged by an accident the policyholder was not at fault for.
In pure no-fault systems, drivers get these benefits but do not have the right to sue for additional damages. In Ontario, you can sue for pain and suffering and economic losses. Lawsuits raise the cost of claims, which then forces the insurers to raise auto insurance rates
There's a lot of auto insurance fraud in the GTA.
Another culprit is fraud. Ontario is known as the capital of auto insurance fraud in Canada, and 80% of fraud in the province occurs in the Greater Toronto Area. The prevalence of insurance fraud drives up claims costs and increases premiums for all drivers. Insurance fraud includes everything from exaggerating the extent of damages, and faking collisions, to overbilling on services performed in the event of a claim. It comes from a wide cross-section of contributors, which makes it a complex issue for the province to deal with.
Climate change is taking a toll.
Climate change is also influencing Ontario car insurance rates. Though Ontario doesn’t have severe weather as frequently as Atlantic and Western Canada, two summer storms in 2021 resulted in a combined $205 million in damage. Severe weather also increases the number of comprehensive insurance claims (for damage caused by wind, hail, and fallen trees), which in turn affects everyone’s premiums.
What are the 13 largest auto insurance companies in Ontario?
More than 100 insurance companies operate in Ontario, according to the Insurance Bureau of Canada. However, most car insurance brands you recognize are owned by parent companies ("insurer groups").
When looking at market share (a business metric that measures a company's sales to the total sales within a particular industry), 84% of car insurance sales can be traced to 13 parent companies. The top 10 make up 79% of all sales.
The 13 largest auto insurer groups in Ontario
1) Intact Insurance - Intact’s market share in Ontario was 17.5% in Ontario.
2) Desjardins - In 2021, Desjardins had a market share of 15.7% in Ontario.
3) TD Insurance - In 2021, TD Insurance's share of the Ontario auto insurance market was 10.4%.
4) Aviva - In 2021, Aviva's market share in Ontario was 8.6%.
5) Allstate - In 2021, Allstate had a market share of 8.6% in Ontario.
6) Co-operators - In 2021, The Co-operators had a market share of 7.8% in Ontario.
7) Definity Group - In 2021, Definity Group controlled 7.8% of the Ontario auto insurance market.
8) CAA - In 2021, CAA controlled 4.4% of the Ontario auto insurance market.
9) Travelers - In 2021, Travelers controlled 3% of the Ontario auto insurance market.
10) Wawanesa - In 2021, Wawanesa controlled 3% of the Ontario auto insurance market.
11) RSA Canada - In 2021, RSA Canada controlled 2.3% of the Ontario auto insurance market.
12) Gore Mutual - In 2021, Gore Mutual controlled 1.6% of the Ontario auto insurance market. It does not own any other brands.
13) Northbridge Insurance - In 2021, Northbridge Insurance controlled 1.5% of the Ontario auto insurance market.
*Shoppers in Ontario who obtained a quote on InsuranceHotline.com from January to December 2023 saved an average of $890 per year. 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.