Buy better car insurance in Ontario for less
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Cost of car insurance in Ontario per month – $220
The average cost of car insurance in Ontario is $220 a month among YouSet users. However, your unique premium will depend on a variety of factors, including where you live, your driving record, your claims history, and your chosen coverage limits.
Cost of car insurance in Ontario per year – $2,641
On average, Ontario drivers pay $2,641 a year for car insurance through YouSet. This figure provides a useful benchmark that can help you gauge whether you’re getting a fair deal or if you’d be better off exploring alternative providers.
Cost of car insurance in Ontario by city
Regardless of whether you’re buying insurance for your home, your car, or both, insurers always want to know where you live. That’s because in urban areas, such as the GTA, there are higher concentrations of vehicles and people, leading to increased risks of accidents, theft, and vandalism. As the risk increases, so do insurance premiums, especially when compared to more rural or suburban areas where the number of vehicles and people is reduced.
You can see this in the following table, which highlights the average price of car insurance by city.
| City | Cost per month | Cost per year |
| Toronto | $286 | $3,428 |
| Ottawa | $170 | $2,045 |
| Mississauga | $358 | $4,302 |
| Hamilton | $203 | $2,441 |
| Kitchener-Waterloo | $198 | $2,372 |
| Brampton | $391 | $4,698 |
| London | $230 | $2,754 |
| Windsor | $138 | $1,652 |
| Vaughan | $255 | $3,063 |
| Markham | $256 | $3,072 |
Car insurance prices in Ontario since 2023
Prices across the insurance industry, including car insurance, have increased in recent years, in part due to factors such as inflation, rising repair costs, and changes in risk assessment. On top of that, the auto theft crisis is escalating, pushing claims costs to $1.5 billion – more than double the annual average from 2018 to 2021. In Ontario alone, auto theft claims have skyrocketed by over 500% since 2018.
| Year | Cost per year |
| 2024 | $2,965 |
| 2023 | $2,895 |
Average third-party liability coverage limit in Ontario
If you ever get into an accident that causes harm to another person or their property, you might face significant legal claims, medical expenses, and repair costs. Thankfully, third-party liability coverage helps protect you from these potentially overwhelming financial burdens by covering expenses up to your policy’s limit. Since these expenses can add up quickly, the majority (93%) of YouSet users in Ontario opt for a one-million-dollar third-party liability coverage limit.
| Liability insurance coverage amount | % of drivers |
| $1,000,000 | 93% |
| $2,000,000 | 7% |
Most common car insurance claims in Ontario
The most common car insurance claims in Ontario are collision, liability, and theft-related among YouSet users. The table below outlines the average claim amounts, which should give you a clearer picture of potential costs. Use this information to evaluate your coverage needs and choose coverage limits that best protect you and your vehicle.
| Type of claim | Claim amount |
| Collision | $9,333 |
| Liability | $30,164 |
| Collision and liability | $8,429 |
| Theft | $27,548 |
Are you overpaying for car insurance?
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How to get cheap car insurance in Ontario
If you want cheap car insurance, your best bet is to find an insurance provider, like YouSet, who will fight to secure you the coverage you need at a price you’ll love. Alongside choosing the right provider, here are some additional steps you can take to help yourself score more affordable car insurance in Ontario.
Drive safe
The best way to keep your premium low is to avoid accidents and traffic violations. Not only does this help you save money immediately, but maintaining a clean driving record can also open up the possibility for additional discounts over time.
Use a car insurance comparison tool
Comparing car insurance can save you anywhere from a few dollars to a few hundred. With tools like YouSet, the process is automated – find and purchase the best quote online instantly, without needing to make or take any phone calls.
Bundle your policies
If you have home, tenant, or condo insurance, bundling your policies together can save you money and make your life easier. In fact, at YouSet, it can save you an additional 15%.
Install anti-theft devices
Given what many are calling the “car theft crisis in Canada”, installing additional anti-theft devices not only provides extra security but may also qualify you for lower insurance premiums depending on who your insurer is.
Pay for the year upfront
Whenever you can, pay your premium for the entire year upfront. This can lead to potential discounts and helps you avoid the 2-4% interest typically incurred with monthly payments.
Unlock exclusive rates and discounts in less than 4 minutes
As a digital insurance broker in Ontario, YouSet is uniquely positioned to help drivers, just like you, save money on insurance. Through partnerships with some of the province’s most recognizable insurers and our proprietary technology, we’re able to secure you the most competitive rates and apply exclusive discounts for you, resulting in savings of up to 29%.
What is the average price of car insurance cost in Ontario?
The average price of car insurance in Ontario is $220 a month or $2,641 a year among YouSet users. While this will give you a general idea of what other drivers in the province are paying, prices can vary significantly because of how many factors are used to calculate the cost of car insurance.
How much is car insurance in Ontario for an 18-year-old?
The average cost of car insurance for young drivers aged 18 to 25 in Ontario with Intact is approximately $2,738 a year. This higher premium reflects the increased risk associated with younger drivers, who statistically tend to be involved in more accidents.
Which city has the highest car insurance prices in Ontario?
Among YouSet users, residents of Brampton, Ontario face the highest car insurance costs, averaging $391 per month or $4,698 per year.
How can I get the lowest price on car insurance in Ontario?
To secure the lowest car insurance price in Ontario, follow these six steps: choose a provider focused on finding you savings, maintain a clean driving record, install anti-theft devices, compare quotes, bundle your policies, and opt for annual payments.
Making it easier to buy car insurance online since 2017
Since 2017, YouSet has been making it easier for Canadians to buy car insurance online. Why spend hours manually comparing quotes when our proprietary technology can do it all for you in less than 4 minutes? Not only that, but we’ll also have Canada’s top insurance providers competing for your business, ensuring you get the lowest-priced offers. With over 250,000 users and an average rating of 4.9 stars on Google and Facebook, YouSet is a trusted way to get the coverage you need for less.
