Orangeville 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 in Ontario:
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|Savings: $946 (26%)|
|Savings: $931 (25%)|
|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 car insurance premium in Orangeville in 2023 is $1,660, according to the RATESDOTCA Insuramap. Orangeville’s average is 5% lower than the provincial average of $1,744.
Claim frequency within a region majorly impacts car insurance premiums. 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 an FSA, the lower the average rate and vice versa.
Some individual characteristics determine your rates, including age, gender, car, driving and insurance histories. This 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|
Source: RATESDOTCA Auto Insuramap
Of 68 possible spots, Orangeville ranked 22nd for car insurance premiums in Ontario in 2023.
While not one of the cheapest cities, Orangeville drivers are getting better rates than elsewhere in Peel Region.
To the south of Orangeville are Brampton and Mississauga, where rates are 55% and 33% higher than the provincial average. Compared to Orangeville, the difference is even more pronounced: car insurance in Brampton is 66% more and 39% more in Mississauga.
The populations of Brampton and Mississauga are many times greater than Orangeville's. Places with larger populations have more claims, which leads to higher premiums for everyone within city borders.
Insurance companies consider many variables to calculate your insurance premium. Here are some of the major ones.
Saving on car insurance is easier than you think. Following these 10 tips will help you get the cheapest Orangeville car insurance rate.
InsuranceHotline.com users in Orangeville saved an average of $1,924 * when they compared car insurance.
You can save up to 15% (sometimes 20%) on each policy if you buy home and auto coverage from the same insurer. Apart from comparing quotes, it's the best way to shave off hundreds on 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 (if there are multiple) with the same company will also lead to savings. You could save 10 to 20% when you insure all your vehicles under the same policy.
Doubling a deductible from $500 to $1,000 can save you up to 10% on your car insurance premium. Just make sure you have the cash saved up.
Insurance companies may offer you a lower rate if you pay your annual premium upfront instead of breaking it into 12 payments. It saves the insurance companies on overhead.
Driving on winter tires between November and April can save you 5% on your premium. Let your insurer know if you have winter tires.
Try comparing auto insurance quotes every year. The best time to do it is when your current insurance provider notifies you that your policy is about to renew. Your current insurance company won't charge you a fee for terminating your policy early if you decide to change companies during the grace period.
A telematics device is installed in your car and lets an insurance company monitor your driving habits. Insurance companies have different names for it, like CAA's Connect® or belairdirect's Automerit® program. Exhibiting good driving habits can reduce your insurance bill by 25% at renewal. Standards vary by insurer, but generally, good habits mean driving at the speed limit, braking slowly, and not driving at night. The downside of these programs is that, in Ontario, insurance companies 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 rate different car insurance companies charge to insure the same car and Orangeville driver can differ by hundreds — sometimes thousands of dollars — making it essential to find the car insurance company that offers you the cheapest available rate.
Busy people don't have time to call around for multiple quotes — getting quotes online makes way more sense. If you're an Orangeville driver, save yourself some time by comparing car insurance quotes from over 50 trusted Canadian insurance providers in the same amount of time it takes to get just one quote.
*Represents the average saved by Ontario 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. Because insurance companies combine risk, they charge you based on how much risk you present to the insurance 'pool.' (By risk, they mean how likely you are to file a claim to the company.) They don't offer flat-rate insurance for that reason.
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 $1,660 per year, Orangeville car insurance is about 5% cheaper than the provincial average ($1,744).
The claims frequency within a region impacts car insurance premiums. In Ontario, these regions follow forward sortation areas (FSA), the first three characters in your postal code. The more claims in an FSA, the higher the average rate and vice versa.
There are still ways you can lower your bill, even if premiums are relatively affordable in your area. Check out these 10 tips on getting the cheapest insurance in Orangeville.
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).