Compare Car Insurance Quotes in Toronto

Toronto drivers can save more on car insurance. We compare rates from 50+ insurance providers to make sure you get the lowest rate.

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Car insurance in Toronto

At, we help you find a better rate and pay less for the coverage you need. No one else covers as much of the market as we do and we'll shop the market for you making it quicker and easier for you to get quotes and coverage from the top providers all in one place. 

Shop around for a better rate

Insurance like elsewhere in Ontario, is required by law. But there's no law that forces you to stay with the same company year in, year out. In fact, the company who offered you the best rate five years ago, two years ago, or even last year, may no longer offer you the best rate today. Why? Because rates often change which means there's an opportunity for you to save.

The basics of a car insurance policy

Like elsewhere in Ontario, Toronto auto insurance policies are made up of some mandatory coverages, as well as a few optional coverages that can be purchased in addition.

The following are some of the mandatory coverages that your policy will include:

  • Accident benefits: Covers the people in a vehicle in the event of injury. Coverage can include medical and rehabilitation costs, funeral expenses, death benefits, as well as income replacement. As of June 2016, there have been some changes to general Accident Benefits. Learn more about the changes.
  • Third party liability: Coverage that pays for legal claims against the policyholder in the event that they are responsible (whether wholly or partially) for a collision that causes injury or damage to a third party. The minimum coverage requirement is $200,000 although most drivers commonly choose policies with at least $1 million in coverage.
  • Direct compensation and property damage: Commonly referred to as DCPD, this provides coverage for physical damage to your car and any property inside the car as a result of an accident in which you are not-at-fault.
  • Uninsured motorist coverage: This component of the standard Ontario auto insurance policy provides coverage for you and your family if you are in an accident and injured or killed by a hit-and-run driver or a driver who is not insured.

Two of the most common additional coverages that can be added to your policy to ensure you're protected all-around are:

  • Collision: This covers damage to your vehicle as a result of an impact or collision with another vehicle or object, even if the collision was your fault.
  • Comprehensive: This insures your car against damage caused by events like theft and vandalism.

Both of these optional coverages typically come with a deductible. A deductible is the portion of an insurance claim you agree to pay. Your deductibles will also factor into how your auto insurance rates are calculated. The higher the deductible, the lower your rate.

What goes into your Toronto rate?

When you apply for new policies in Toronto or renew existing ones, your rate is calculated by taking a number of factors into consideration. Some of the components in determining your rate include:

  • Where you live: As a big city with lots of drivers and cars on the road, Toronto pays some of the highest car insurance rates in the country. More people equals more cars which translates into more chances of a collision occurring or even theft. Certain areas of the city that have a historically low or high amount of collisions will also see a difference in their premiums in comparison to the average Toronto rate. 
  • Your commute: If you work close to home or take public transit, chances are you'll pay less for your coverage than someone who commutes every day. Statistics show that the average daily commute in Toronto is about 65.6 minutes, which equates to more time on the roads or highways, therefore more chances for accidents.
  • The car you drive: Vehicle model and year is used in generating car insurance rates because theft history, vehicle safety ratings, and the historical repair costs for different cars may vary significantly.
  • Your driving record: Your driving record is one of the most influential factors in determining your insurance rate. Tickets and accidents stay on your record for years. With a bad driving record, or no past experience, you can find yourself paying a lot more than the average premium. Find out how much a ticket or collision can affect your rate.

If you're in the market to buy a new car, let us help make your decision easier. Compare car insurance quotes for multiple vehicles, side by side.

Other ways you can save on car insurance

When doing business with an insurance company, you should always ask for appropriate discounts as you choose a policy. Things such as driver training courses, installing additional safety and security features on your vehicle, being a retiree, or even enrolment in certain groups, associations, or road-side assistance programs can make you eligible for additional savings. 

Winter driving can present itself as a challenge for Canadians. But with the help of winter tires, drivers can navigate through inclement weather easier. Not only do winter tires save lives, but Toronto drivers can also take advantage of winter tire discounts on their car insurance. Drivers in Ontario who buy and install four winter tires in November and keep them on until April can save up to 5 per cent on their premium, depending on their carrier.

Purchasing multiple policies (such as your auto and home insurance) with the same car insurance provider often results in significant savings. This is what is known as "bundling" your policies and can save you a decent percentage off of your premium.

Comparing rates regularly always ensures you're getting the best price for your coverage. Not only should you compare rates annually upon renewal, but also if you've recently experienced some life changes. Let's say you got married (or divorced), moved, changed jobs, retired, or bought a new car. Or maybe you just added drivers to your policy (like your child), got a ticket, or you were involved in a collision. These are all ideal times to shop around and see how much you could possibly save on your car insurance rate with another insurance company.

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*60% of Kanetix customers in Ontario who participated in the survey said Kanetix helped them identify an average savings amount of $776.58 (December 1, 2015 - February 29, 2016) on their car insurance. The cited amount represents the average difference between the best quote obtained at and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.