Your Toronto Car Insurance Costs How Much?

By Team
A bunch of cars driving down the Gardiner Expressway with Toronto's skyline in the near distance

Although many factors determine the amount you will pay to insure your vehicle, the one that rankles Toronto drivers the most is the one that takes into consideration where you live. The fact is, Toronto is one of the most expensive cities for auto insurance in the province.

As reported by the Globe and Mail, while Brampton is the most expensive city in Ontario, Toronto car insurance rates are up there too. In Toronto the average annual premium is estimated to be $1,743, more than $425 greater than the provincial average that’s $1,316. However, averages are just averages and for those who live in Toronto and the GTA there are ways to save on car insurance coverage.

What variables impact insurance premiums?

In addition to where you live, there are a number of variables that go into determining your auto insurance rate. Your driving record and insurance history play a significant role too, as does the type of vehicle you drive. Vehicles more likely to be stolen, like the Ford F-series of pickup trucks, may cost more to insure. Fortunately in Toronto, according to shoppers, the most popular vehicle in the city is the Honda Civic, followed by the Mazda3 and Toyota’s Corolla; none of which are listed as one of the most stolen in Canada.

Traffic may also factor into your Toronto car insurance rate. Toronto is a city that is highly congested, particularly during the week, as drivers commute in from surrounding cities. With more drivers on the roads there’s a greater risk of a collision. That’s one of the reasons why premiums tend to be higher in urban areas than in rural settings. There are simply more vehicles to bump into.

The good news is though, during the winter months, many drivers take precautions to lessen the risk of a collision. Approximately 84 per cent of Toronto-based drivers have winter tires according to Toronto car insurance quotes at Not only are they used to increase road safety, but the addition of winter tires can also lower insurance premiums.

"Auto insurance is dependent on individual drivers’ behaviour," said one-time Minister of Finance, Charles Sousa when announcing that all Ontario insurers were being required to offer policyholders a winter tire discount. "Drivers across Ontario will be able to save more on their auto insurance by installing winter tires."

With four winter tires, drivers benefit from better traction, as well as reduced auto insurance rates when they let their provider know that they swap out their tires seasonally. On average, this added level of safety saves drivers anywhere from two to five per cent.

From where you live to how much you drive to whether or not you have winter tires on your car, there are many factors that go into your car insurance rate. That is why drivers are urged to bundle all of their insurance needs to obtain the best quote. For example, using one provider for your home and auto insurance will usually qualify you for what’s known as a multi-line discount that could help you save up to 15 to 20 per cent off your premiums. Not only can this help you save money, but it also simplifies your needs.

Finding the best auto insurance rate in Toronto

With so many variables going into your car insurance rate, including the following factors, it is imperative that drivers are able to effectively and easily compare their car insurance options.

How much drivers pay in Ontario and Toronto specifically, will depend on:

  • Driver age, gender, vehicle usage, etc.
  • Years of continuous licensing in Canada
  • Driving record, focusing on accidents and convictions
  • Possible discounts (i.e. multi-policy)
  • Coverage (i.e. deductibles, limits, etc.)
  • Location
  • Vehicle type, including model, safety features, and overall value

When looking for affordable auto insurance in Toronto, there are many ways you can save. Shopping around to compare quotes can result in massive savings and often takes less than ten minutes to do. You can also pay your premium in one lump sum, invest in winter tires, or increase your deductible to help keep your premiums in check.

As a Toronto driver, why pay more than you need to?

Looking for insurance quotes in Ontario? We can help! is committed to Canadians, helping millions of drivers find the best possible rates. In 2018, drivers who shopped their rate with us saved a combined $4.4 million on auto insurance alone. All you need to do is start your quote, compare rates, and then pick a price—it's that simple.