Car insurance calculator

What is a car insurance calculator?

Car insurance calculators are convenient tools that allow you to estimate your monthly insurance costs without having to provide any personal information, such as your email and date of birth. Its purpose is to give you an approximate idea of the range of premiums you might expect to pay, from the lowest to the highest amounts, based on your location. This is important information to have on hand before committing to a policy, as it can be used to weigh your options and ultimately, make an informed decision regarding your insurance needs and budget as a driver in Canada.

Remember, an estimate is not a quote. A quote can be accepted and purchased, forming a binding agreement. Whereas, an estimate, such as one generated by a calculator such as this, provides only an approximate cost and cannot be accepted or purchased.

What is the meaning of a car insurance estimate?

A car insurance estimate provides you with an approximate price range based on general factors like your location, rather than your exact personal details. It offers a rough idea of what your premiums might be, giving you a ballpark figure to compare when you start shopping for actual quotes or to compare your existing premium against. 

Unlike a quote, which provides an exact price based on personal information you may not be ready to or have time to share, an insurance estimate is typically anonymous and quick – taking just seconds to complete – with no credit check involved. 

How to get a car insurance estimate

Getting an estimate with YouSet’s car insurance calculator is quick, easy, and anonymous. Here’s what you need to do: 

1. Select the province you live in 
2. Select the city you live in (or the one closest to you) 

Once you have an estimate, you can compare car insurance quotes from multiple insurers in one place and buy a policy online with YouSet. If you choose to do so, you’ll be asked more specific questions about yourself and your vehicle. Once those questions are complete, you’ll receive a quote in seconds that you can buy online, without ever having to talk to a salesperson or wait on hold. 

Average price of car insurance

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 or Montreal, 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. In the following table, you can see the average monthly price of car insurance among YouSet users.