Car insurance Ontario
Car insurance Ontario is a provincial auto policy that mandates third-party liability, accident benefits, direct compensation-property damage (DCPD), and uninsured automobile coverage for all drivers in Ontario. Drivers in Ontario must buy car insurance from private insurers like Aviva, Intact, and Desjardins.
Minimum required liability coverage in Ontario is $200,000 per vehicle. Average annual car insurance premiums in Ontario were $1,655 CAD as of 2023.
Insurance companies calculate rates based on factors such as driver age, location (e.g. Toronto vs Ottawa), driving history (collisions, tickets), and type of vehicle (sedans vs SUVs).
Drivers with clean records can access discounts through usage-based insurance programs from firms such as Belairdirect and CAA. Newcomers to Ontario must show proof of existing insurance or obtain a new policy within 60 days.
Car insurance deductibles typically range from $500 to $2,000 CAD per claim, according to the Insurance Information Database. Insurers offer optional coverages including comprehensive and collision protection for risks like theft or hail damage.
Policyholders file claims with their insurer directly following collisions or losses covered by their plan.
What is the cheapest car to insure in Ontario?
The Hyundai Accent is one of the cheapest cars to insure in Ontario. It’s considered a safe and reliable vehicle, which results in an affordable insurance premium. Its low price tag makes it cost-efficient to maintain over time. The Accent is equipped with several advanced safety features that may reduce your car insurance premiums even…
How much is car insurance in Ontario?
Car insurance in Ontario typically costs an average of $1,544 per year. This cost can vary depending on various factors such as vehicle type, driving record, coverage level and deductible amount. Some drivers may be able to save money by bundling their car insurance with other types of policies. Different insurance companies can offer competitive…
See also Car insurance options.