Toronto is one of the most populated cities in North America, and home to more drivers than any other city in Ontario. Whether you live in the downtown core or the GTA, driving in Toronto can be a challenge. With so many cars on major highways like the 401, Don Valley Parkway, and the Gardiner Expressway, Toronto drivers experience some of the most demanding driving conditions in Canada – But finding cheap car insurance in Toronto doesn’t have to be a challenge.
Since 1961, drivers in Toronto have trusted Buckley Insurance to provide expert advice and competitive prices on auto insurance. We work with some of the top insurers in Canada to deliver cheap car insurance rates to drivers throughout the city – from East York, Etobicoke, North York, Scarborough, York, and the City of Toronto, our licensed insurance brokers have you and your vehicle covered. Get multiple quotes online in minutes, or call and speak to a professional broker 7 days a week.
Get lower auto insurance rates in Toronto
Whether you’re a daily commuter who battles the bumper to bumper traffic every morning on the DVP heading to work, or a casual driver who only drives in the city on the weekends, everyone is looking for the cheapest auto insurance in Toronto. The good news is, there are some things you can do to add extra discounts to your policy and get lower rates. Here are eight things that Toronto drivers can do to help get the lowest possible auto insurance rates:
Many car insurance companies have apps to reward safe driving habits. Score well and you could earn up to 25% off of your annual auto insurance premium!
It’s easy to get quotes from multiple companies. Compare all your car insurance coverage options, and save money on monthly premiums.
Is there more than one vehicle in your family? If you insure all of your cars under the same policy, you could save up to 20% with some companies.
Raise your deductible
Talk to your broker about increasing your deductible to at least $1000 if it isn’t already, and you could benefit from a reduced monthly premium.
Bundle, bundle, bundle
Whether you own a home or condo, or rent an apartment, bundling your property insurance with your car insurance could help you save up to 15% on each policy.
Go hybrid or electric
New types of vehicles are paving the way for more discounts! Now, if you decide to drive a hybrid or electric vehicle, you can actually save more on your auto insurance.
Install winter tires
When your car insurance company knows you change your tires seasonally, you might be eligible for a discount of approximately 5% depending on your provider.
Sometimes companies charge administrative fees for monthly payment plans. If you pay your premiums on a yearly basis in one lump sum, you’ll avoid these costs.
Average car insurance cost in Toronto
The average auto insurance cost in Toronto is $2,070 per year, or roughly $172.50 per month. This is 43% higher than the average premium in Ontario of $1,445. However, insurance rates in Toronto can vary greatly depending on the insurance company you choose, your individual driving experience, and the area you live. To illustrate just how much premiums can differ based on where you live within the city, we quoted a 35 year old male driver with a 2018 Honda Civic DX in five different Toronto area postal codes. Check out the results below:
|Toronto (M6H 4E8)||$2,509|
|Scarborough (M1J 3C9)||$2,088|
|North York (M2R 2Z1)||$2,291|
|Etobicoke (M9W 6A6)||$3,172|
|East York (M4C 2G7)||$2,088|
Car insurance for new Toronto drivers
Auto insurance for a new driver in Toronto can be expensive. Whether you’re planning to get your own vehicle, or just being added as a driver on your parents’ policy, the rate for a new driver is usually higher than the average Ontario premium. Because new drivers lack experience, the risk of being involved in an accident is much higher. Plus, drivers in Toronto have to deal with more traffic, busier roads, and higher theft rates than most other cities. For all these reasons, auto insurance companies will usually charge a higher premium for new drivers in Toronto. But don’t worry, Buckley Insurance can help. We work with multiple companies in Ontario to help provide affordable auto insurance rates to drivers of every experience level. To help get you started, here are a few tips for new drivers in Toronto to help keep the cost of your auto insurance down.
Driving apps could help good drivers save up to 25% more on your next renewal.
Speeding tickets will stay on your driving record for 3 years and cause your rates to go up.
Taking an approved driver training course can get you a discount of up to 15% on your policy.
Being careful and avoiding at-fault accidents will help you maintain a clean insurance record.
Which province has the cheapest auto insurance?
Quebec has the cheapest car insurance in Canada with an average annual premium of just $642. On the other hand, Ontario has the second most expensive average car insurance premiums in Canada. Here’s a look at the average auto insurance premiums for all Canadian provinces:
|Newfoundland & Labrador||$1,132|
|Prince Edward Island||$796|
Auto Insurance Blog
More ways to find a cheap insurance
Auto insurance quotes by city
Auto insurance providers
Other types of insurance