According to the Financial Services Commission of Ontario, average auto insurance rates increased by 1.50% in the third quarter of 2016. Ontario was one of the first jurisdictions in Canada to approve usage-based car insurance policies, and drivers in the province can take advantage of this new type.
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Ontario has the highest auto insurance rates in Canada, with the average annual premium at $1 In Ontario, young drivers pay rates that reflect their actual risk." Thank you for your patience. If you are looking to give feedback on our new site, please send it along to [email protected]
Is Ontario Car Insurance Expensive? Unfortunately, yes. The province has the highest average rates in the whole of Canada. If you live in the Greater Toronto Area, the situation is worse, with many drivers paying more than $2,000 per year to insure their vehicle.
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Drivers in Ontario often question if there's a way to save money on car insurance. The Insurance Bureau of Canada (IBC) states that auto insurance rates in Ontario are 45 per cent higher than in the province of Alberta!
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The cost equates to about $340 a month or about 13.5 per cent of an average. car insurance but is only 9¢ away from overtaking Sydney as the most expensive.
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Ontario has the highest average insurance rates in Canada out of any other province. Of all the provinces in the country, Ontario has the highest average insurance cost. Car Insurance for New Drivers.
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12 Average Car insurance Rates Across Ontario. 13 Resources New young drivers may get a reduction in rates when they complete a Ministry approved driver training program and notify their insurer.
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