How much should auto insurance cost Ontario?
Asked by: Mellie Gutkowski | Last update: December 15, 2025Score: 4.8/5 (63 votes)
What is the average car insurance cost in Ontario per month?
In Ontario, the average car insurance costs around $150 a month or $1,796 annually, depending on where you live. Did you know that car insurance rates have gone up an average of 12% in Ontario since 2021? That's one of the reasons Ontario has the highest average car insurance costs in Canada.
What is considered a good price for car insurance?
Car insurance on average is $79.83 per month in low-cost states, $105.36 per month in medium-cost states, and $157.27 per month in high-cost states. Note that it's often cheaper to pay for your policy in full rather than monthly.
Is $25,000 car insurance enough?
The minimum amount of car insurance you'll typically need is state-required liability coverage. This allows you to pay for some, if not all, injuries and damages you're liable for in an accident. The most commonly required liability limits are $25,000/$50,000/$25,000, which mean: $25,000 in bodily injury per person.
How much is insurance for a new G2 driver in Ontario per month?
G2 drivers in Ontario typically pay between $200 to $500 per month for car insurance. This wide range exists due to many factors. Urban areas like Toronto often have higher rates than rural regions. Some G2 drivers may find rates over $600 per month, while others might pay as low as $150.
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How much is insurance for a Honda Civic in Ontario?
Honda Civic car insurance is higher than the average cost for all Honda models. The average annual premium is $2,378, based on customer quote data collected from 2022 (January 1 to October 31) for Ontario drivers with a G licence, clean record, and for standard coverage.
What age does car insurance go down?
Both male and female drivers see the biggest drop in average annual car insurance premiums between the ages of 18 and 19. This is because younger drivers are seen by most auto insurance companies as riskier to insure due to their overall inexperience behind the wheel.
Is 1700 a lot for car insurance?
The average car insurance rates in the U.S.
For drivers with clean driving records and good credit scores, a full-coverage policy costs an average of about $1,700 a year, according to a 2023 AAA estimate.
What is typical level car insurance?
Typical coverage amounts: Insurance experts recommend at least $100,000 per person and $300,000 per accident for bodily injuries, and $100,000 for property damage.
Who normally has the cheapest car insurance?
Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.
Why is progressive insurance so expensive?
If you buy directly from a Progressive company, your car insurance price reflects the cost of staffing and maintaining the sales centers, and a larger portion of our marketing costs.
What gender pays more for car insurance?
On average, young men pay much more for car insurance than young women. This is because car insurance providers find men to be riskier drivers than women, especially when they are younger. When they are older, women start to pay slightly higher rates.
Is car insurance mandatory in Ontario?
In Ontario, all motorists are legally required to have auto insurance. Fines for vehicle owners, lessees and drivers who do not carry valid auto insurance can range from $5,000 to $50,000. Your driver's licence can be suspended and your vehicle impounded if you drive without valid auto insurance.
What age is car insurance most expensive?
18-year-old drivers on their own policy pay the highest car insurance premiums out of the age groups Bankrate analyzed. The most significant difference in premiums by gender occurs at age 18. On average, 18-year-old males cost 9 percent less to insure than their female counterparts.
Why is my insurance over $1,000?
Car accidents and traffic violations are common explanations for an insurance rate increase, but other reasons why your car insurance rate can go up include changing your address, adding a new vehicle or driver, increases to claims in your ZIP code, and increases to car repair/replacement cost.
What is 100k 300k 50k insurance?
Having a 100/300/50 auto insurance policy means you have $100,000 in coverage for bodily injury liability per person, $300,000 for bodily injury liability per accident, and $50,000 for property damage liability.
What two things should be considered when choosing an auto insurance deductible?
The best deductible amount is an amount that you're comfortable paying in the event of a claim. It's also important to consider your driving history and the likelihood of filing a claim.
What is the difference between comprehensive vs collision?
They differ in the types of incidents they cover. Collision insurance helps cover repairs if you collide with another vehicle or object. Comprehensive covers repairs that do not result from collisions – for instance, theft, vandalism, animal damage, fires, and more.
Does credit score affect car insurance?
How credit-based insurance scores work. Most U.S. insurance companies use credit-based insurance scores along with your driving history, claims history and many other factors to establish eligibility for payment plans and to help determine insurance rates. Again, except in California, Hawaii, and Massachusetts.
What is the cheapest car insurance for seniors over 60?
Nationwide — the most affordable company for seniors
At $77 a month, Nationwide is the cheapest car insurance company for drivers in their 60s and can cover all of your bases when it comes to coverage.
Why is my car insurance so high Progressive?
If you have a history of car insurance claims or moving violations, or if you live in an area more prone to car theft and accidents, your rate may be higher.