Ontario Car Insurance Calculator

Determine the auto insurance coverage you need and get quotes at the same time.

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What is a car insurance calculator?

If you're curious about what car insurance coverages you need but you're not sure where to start, you’ve come to the right place. The Kanetix car insurance calculator outlines the mandatory car insurance minimums in Ontario, optional coverage you can add to your policies, and select discounts you might be eligible to receive. The goal is to help you figure out the coverage you need to ensure you, your vehicle and your family are protected for the best possible rate.

What are the benefits of using a car insurance calculator?

Understanding Ontario’s no-fault auto insurance system

Ontario has a "no-fault" car insurance system, which means that if you're injured or your car is damaged, then you deal with your own insurance company, no matter who is at fault for the collision. You don’t have to go after the at-fault driver for compensation.

If you are legally responsible for an accident, then you are also legally responsible for the damages. If you are uninsured, you will be charged with driving without insurance, and you may be fined. You may also have your driver's licence suspended until you have made satisfactory arrangements to repay the amount owing. This is one of the reasons why it’s important to ensure you have adequate auto insurance coverage, but more importantly, it's to ensure you, your family and your vehicle are fully protected in the event of an accident or incident.

The Ontario car insurance calculator can help you figure out which types of coverage you need while also providing you with quotes from many top Canadian insurance providers.


Auto Insurance Calculator Coverage

The Kanetix Coverage Calculator is a tool designed to help guide you in choosing what types of auto insurance coverage you may need. It’s important to note that your auto insurance rate relies heavily on your personal driving profile, which includes things such as:

  • Where you live 
  • How far/often you drive
  • If you use your vehicle for business or pleasure
  • If you commute
  • Your driving record and insurance history
  • The insurance company’s claims history

The more precise you are when entering this information, the more precise the car insurance calculator will be. 

Of course, your rate is also based on the amount of car insurance coverage you opt to include in your policy. The Kanetix car insurance calculator comes in handy when it’s time to determine how much coverage you need.

When you launch the car insurance calculator, you will see a section on the first page marked Vehicle Coverage that looks like this:


Options for vehicle coverage to help you calculate accurate car insurance costs and savings

Determining the amount of car insurance coverage that's right for you and your vehicle

The drop-down menu defaults to the standard amount of coverage for vehicles that are less than 10 years old. This amount of coverage includes increased liability coverage, comprehensive insurance and collision insurance. The $1,000 deductible indicates the amount you would have to pay in the event of a claim in order to access that benefit. For older vehicles, the car insurance calculator defaults to the minimum amount of coverage, which does not include comprehensive or collision insurance. However, you actually have four vehicle coverage options. 

  • Minimum coverage: Does not include comprehensive or collision. 
  • Standard coverage: Includes comprehensive and collision, each with a $1,000 deductible, but no endorsements
  • Enhanced coverage: Includes comprehensive and collision insurance, each with a $500 deductible, $2 million in liability coverage, and endorsements including loss of use, rental car insurance, and depreciation waiver coverage
  • Custom coverage: Allows you to customize your coverage 

To help you determine what’s best for you, the following content breaks down these types of coverages so you can make an informed decision about the type of auto insurance coverage you need. The vehicle coverage option you choose in the car insurance calculator and quote form will help inform your personal auto insurance premiums.

Mandatory types of car insurance 

In Ontario, drivers are required by law to have auto insurance in order to operate a vehicle. There is a standard level of mandatory coverage that is taken into consideration when calculating Ontario auto insurance quotes, but drivers always have the option to purchase additional coverage to expand their coverage amounts.

For example, third party liability insurance requires a mandatory minimum coverage of $200,000, but it's usually recommended that drivers increase coverage to $1,000,000. Most of our partners offer car insurance policies with the increased liability coverage, which is why our car insurance calculator defaults to this amount. 

Adding additional coverage on top of this will have an impact on your premiums. Remember, it’s not just about getting the cheapest car insurance in Ontario, it’s about getting the coverage that’s right for you.

Below we have outlined the mandatory coverage components as well as some of the common optional types of auto insurance that drivers can add on to their policies. The Kanetix car insurance calculator will allow you to select which types of optional coverage and endorsements you would like, if any. We've also included a column on how to determine which coverage is right for you.

Mandatory Ontario Car Insurance

Coverage Type Coverage Provided
Third Party Liability Covers you if someone else is injured or killed. It also provides coverage if you damage someone’s property as a result of an automobile accident.
Direct Compensation - Property Damage Covers damages to your car and any of your property inside of your car as the result of an automobile accident where you are not at-fault
Accident Benefits Covers you and your family if you are injured or killed in an automobile accident. Accident Benefits provide income replacement for persons who have lost income as well as: payments to non-earners who are not able to carry on a normal life; payment of care expenses to persons who can no longer act as a primary caregiver for a member of their household; payment of medical, rehabilitation and attendant care expenses; and payment of funeral expenses and payments to survivors of a person who is killed.
Uninsured Motorist Provides coverage for you if you are in an accident with an at-fault, uninsured driver who is identified at the scene of the accident.


Optional and additional types of car insurance and endorsements

Coverage Type Coverage Details How to Determine if you Need it
Collision Protects your vehicle if it is damaged in an accident.

This coverage is optional because the cost of insuring some older vehicles for collision could be higher than the value of the vehicle itself.
You drive a vehicle that still has value.

If your vehicle’s value exceeds the deductible you may have to pay, you may want to consider collision coverage.

If your vehicle’s value is not much greater than the collision deductible, you may choose not to add this coverage to your policy.
Comprehensive Protects your car against loss or damage other than the collision coverage. This would include falling or flying objects, missiles, vandalism and theft. You want to ensure your vehicle is fully covered for damages.ç If your vehicle’s value exceeds the deductible you may have to pay, you may want to consider comprehensive coverage.

If your vehicle’s value is not much greater than the comprehensive deductible, you may choose not to add this coverage to your policy.
Loss of Use Say you're involved in an accident and your car is damaged. Loss of Use coverage pays for a rental car or alternate transportation while your automobile is being repaired. Coverage limits can be different from one insurance company to another. You couldn’t live without your vehicle for a week.
Legal Liability for Damage to Non-owned Automobiles (Rental car insurance) If you need to rent a car for a short term, this option provides you with collision and comprehensive coverage on the rented car.

This type of insurance can get expensive if you purchase it from a rental car company. Some of these companies charge up to the same amount per day for this coverage, as you pay for a year’s premium
You travel frequently for business or pleasure and rent cars often.

You don’t already have adequate insurance coverage for rental vehicles through your credit card. company.
Limited Waiver of Depreciation This optional coverage ensures that you will receive the full value of what you paid for the car without depreciation in the event it’s written off in an accident.

If your car can be safely repaired, your insurance company will arrange for necessary repairs.
Your vehicle is less than two years old.

Calculate your discounts 

Now that we’ve explored the various policy coverage options, let’s calculate auto insurance discounts. The Kanetix car insurance calculator has two pages for discounts. The first one tackles roadside assistance. If you have roadside assistance coverage through an independent company you could save up to 15 per cent on your auto insurance.

Bundling is another great way to save. If you wish to combine your auto and home or tenant insurance, you could save anywhere from 15 to 20 per cent.

Usage-based insurance is another option. This is a device that you install in your vehicle that sends data back to your insurer and can be used to help lower your rates. Click the red question mark to learn more when you get to this screen, if you’re interested. 

Screenshot from car insurance calculator that shows some of the discounts available including roadside assistance


Member Discounts

Finally, you’re eligible for additional car insurance savings if you’re a student or alumni of participating university, college or student associations, professional organizations and unions, as well as various employers. This section will further calculate your insurance savings. 


Screenshot from car insurance calculator that shows additional discounts including academic, professional and employer-based member discounts.

Tips for choosing car insurance coverage

Ryan is a married 36-year-old father of two with a household income of $100,000. He drives a new Toyota Rav4 that he purchased from a dealership last year. He lives in Southern Ontario in an area that is prone to hail and storms in the winter. He doesn’t rent vehicles often and is already enrolled in a roadside assistance program through an independent membership program. His work is flexible and accessible, so if he couldn’t use his vehicle for a week he could work from home or take the bus.

What types of optional car insurance insurance coverage should Ryan get?

Here is an example of what Ryan might want to consider based on insights from our partners. He would likely opt for a custom policy.  

Type of Coverage What coverages should Ryan choose?
Third Party Liability $1,000,000
Direct Compensation - Property Damage Included
Accident Benefits Included
Uninsured Motorist Included
Family Protection Included
Collision $1,000 deductible
Comprehensive $1,000 deductible
Loss of Use None (he has alternative commuting options)
Legal Liability for Damage to Non-Owned Automobiles None (he owns his vehicle and doesn’t rent)
Emergency Road Service None (he already has coverage)
Limited Waiver of Depreciation Suggested (his vehicle is less than two years old)

When to use the Ontario car insurance calculator:

Aside from mandatory coverage, it’s always up to you to determine what additional types of insurance you want to add to your policy. Using the car insurance calculator can show you rates for your chosen coverage today. The best way to save is to compare rates, especially when you’re armed with the power of knowing exactly what you want.

  • When it's time to renew your auto insurance
  • When you move
  • When you get married
  • When you purchase a new vehicle
  • When you’re thinking about purchasing a new vehicle
  • When you add a new driver (spouse, G1/G2 driver)
  • When you remove a driver
  • When you retire
  • When you change jobs 

Use the car insurance calculator today to calculate your premiums and find out how much you could save.

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