What's the average cost of car insurance in Ontario?
Auto insurance costs an average of $1,956 per year in Ontario. That's more than the average in California ($1,868) and more expensive than the national average of $1,548. Our guide to Ontario auto insurance includes average rates based on age, credit score, driving history, and marital status. Read on to learn more!
CAR INSURANCE RATES IN ONTARIO
|Ontario Average (annual)||California Average||United States Average|
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Ontario car insurance rates by company
One of the most important determinants of your car insurance rates is the insurance company you work with. In Ontario, GEICO provides the most affordable rates for the typical insurance customer. We've listed the best cheap car insurance companies in Ontario below. Use this information as a starting point and be sure to compare quotes specific to your unique driving profile.
ONTARIO AUTO INSURANCE RATES BY COMPANY
|Company||Average Annual Rate|
Car insurance rates by age bracket in Ontario
The best age for car insurance rates as a driver in Ontario is your age_60s: drivers in this age group pay an average of $1,736per year. Rates for Ontario drivers in their age_50s are also relatively affordable, at just $1,751 per year.
The Ontario drivers who pay the highest insurance rates are teenagers. One of the most effective ways to get cheaper car insurance rates as a driver in Ontario is to celebrate your 20th birthday. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Ontario is $4,322, the largest such difference between any two age brackets.
ONTARIO CAR INSURANCE RATES BY DRIVER AGE
|Age group||Average Yearly Rate|
Ontario car insurance premiums by gender and marital status
In some cases, a driver's gender and marital status may influence the car insurance rates they pay. In Ontario, married drivers pay $83 less than single drivers for car insurance. Married drivers enjoy less expensive rates than their single counterparts in most locations, based on data showing they file fewer insurance claims. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Ontario, single drivers pay more than those who are widowed.
Gender is another factor that can influence auto insurance rates. In Ontario, female drivers pay more for auto insurance than do male drivers: $2 per year, to be precise.
ONTARIO CAR INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Gender/Marital Status||Average Annual Rate|
Ontario auto insurance rates by driving history
If you want to keep your car insurance costs reasonable, keep your driving record clean. Speeding citations, reckless driving charges, DUIs and DWIs, and at-fault accidents all tend to bring about rate increases.
Ontario drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $3,392 per year versus the city average. A ticket for speeding results in an $804 rate hike while a DWI or DUI violation costs $3,307per year in extra insurance expenditures.
ONTARIO CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Incident/Violation||Average Annual Rate|
|At-fault Accident (damages < $1,000)||$1,962|
|At-fault Accident (damages greater than $2,000)||$3,425|
|Speeding Ticket (16-20 mph over speed limit)||$2,759|
Ontario car insurance rates by credit score
An important insurance rating factor is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. In fact, Ontario drivers who build their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn a 0% decrease in car insurance rates. Moving into the "Fair" credit tier from the "Very Poor" level is one of the most impactful steps a driver can take in pursuit of better car insurance rates. In Ontario, improving your credit to "Fair" corresponds with a $0 decrease in annual car insurance rates.
ONTARIO CAR INSURANCE PREMIUMS BY CREDIT LEVEL
|Credit Level||Average Yearly Rate|