Find Out The Average Cost For A Car Insurance Policy In Ontario

Damaged rear end of white car
car insurance costs in Ontario are some of the highest in the country. We pay more than most drivers for policy – well more compared to some provinces. But, why does Ontario have higher than average costs ?
In this web log, we ’ ll take a look at the average monetary value of Ontario cable car insurance and the key factors that influence automobile indemnity costs .

What Is The Average Cost Of Car Insurance In Ontario?

The average car indemnity cost in Ontario is $1,634 per year. Most drivers pay in the rate of $ 1,300 to $ 1,800 annually. Rates are higher or lower depending on your localization, the type of fomite you drive, driving history and many early factors .

What Is Average Cost For Car Insurance Per Month In Ontario?

The average monetary value of car insurance in Ontario per calendar month will vary based on the sum of your annual premiums. You can estimate your modal car policy in Ontario per calendar month by dividing your total premiums by 12 months.

For example, if you pay the peasant average of $ 1,634 per annum, your modal monthly cable car policy costs in will be $136 .

What Factors Impact The Average Car Insurance Costs In Ontario?

There are many factors that have a steer impact on the average monetary value. Some you have control over ( the car your drive, driving history ) and others you don ’ t ( indemnity diligence factors ) .

Industry Factors

illustration of red car and white umbrella
There are some of the factors that drivers in Ontario have no control over :

  • Insurance fraud
  • High cost of claims
  • Approved rate increases

Individual Factors

There are certain factors you can control to help keep your costs down :

  • Location
  • Coverage type and limits
  • Deductible amount
  • Driving history
  • Vehicle
  • How much you drive
  • Claims history

Will The Average Car Insurance In Ontario Go Down?

Lap top screen with car and coverage text
even though the Government of Ontario has made promises to get indemnity costs under control, they are placid on the rise. average insurance prices have not significantly decreased at all since 2014 and have actually increased in 9 consecutive quarters since Q4 2017 .
It ’ second identical authoritative for drivers to take important steps to keep costs down – such as comparing quotes annually and working with a good adviser .

Average Car Insurance In Ontario By Age and Gender

Age and gender both play a character in how a lot you will pay for car insurance. even though you have no dominance over them, they will calm influence your costs.

Average Car Insurance By Age

Age is an important factor considered by indemnity companies when determining rates. Drivers tend to pay less for policy as they get older. Drivers in the 18-25 historic period range pay higher average car insurance .
Young drivers pay more for policy because they are more likely to get into an car accident which results in more expensive rates .

Average Car Insurance By Gender

Gender is another factor used by insurers to set premiums. world are considered to be a greater risk than women. They tend to drive more, are more likely to be involved in accidents, and partake in riskier drive behaviors. Males on modal yield more than females .

Average Car Insurance In Ontario For A New Driver

New drivers, particularly if you are under 25 years of historic period, will pay some of the highest insurance premiums in Ontario. Drivers with a G1 driver ’ mho license will pay more than a driver with a G2 or a G driver ’ s license. As you progress through the license system, your rates will decrease .
Expect the average cable car insurance in Ontario for a new driver to be well more than the peasant median .

What Is The Ontario Car Insurance Average By Location?

Your placement plays a huge role in your insurance costs. Depending on where you live your rates could vary by hundreds of dollars annually. For example, the average cost for Toronto car policy is just over $ 2,000 annually .
In Brampton it is about $ 2,400 per annum, which is the highest in the state .
The lowest area in Ontario is the north eastern area of the state. Cities such as Kingston and Belleville average about $ 1,000 per class.

here are the modal car insurance costs for Ontario cities :

  • Ottawa is about $1,150 annually.
  • London is about $1,400 annually.
  • Mississauga is over $2,000 annually.
  • Hamilton is approximately $1,600 annually.

Rates can vary importantly by driver historic period, driving record and indemnity history .
Drivers can check out our car insurance calculator to learn more about determining policy costs in Ontario .

Here Are Some Other Helpful Insurance Articles

What Are The Cheapest Cars To Insure In Ontario?
Car Accident Reporting And What Do After You’ve Been In An Accident
Demerit Points In Ontario
The Total Cost To Own And Drive A New Car
Top 45 Car Insurance Savings Tips

Leave a Reply

Your email address will not be published. Required fields are marked *