How Much Does Car Insurance Cost In Ontario

Average Car Insurance Cost in Ontario Based on our data Ontarians pay an average of 1445 for auto insurance each year as of 2020. My citys rates for car insurance are the highest in Canada.

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264 per month 3168 per year.

How much does car insurance cost in ontario. If your kid has a clean driving record and is aged less than 25 years you may see an increase. Once approved FSRA publishes the rate changes theyve green-lighted to proceed. What is the average cost of Ontario car insurance.

In Q1 2021 Ontario auto insurance rate changes amounted to a weighted average of 00. However this range unfortunately is not set in stone as premiums are calculated based on each individuals situation and circumstance. This is substantially higher than the national average of 1016.

How much does car insurance cost in Ontario. Here are the estimates from two leading Ontario car Insurance suppliers. Thereafter the premiums do decrease as the driver gains more experience and has a clean record.

However this range unfortunately is not set in stone as premiums are calculated based on each individuals situation and circumstance. Granted a 00 change in auto insurance rates is usually nothing to get too excited about but there may be lower rates forthcoming in Q2. Its also up 158 from the average of 1505 prior to February 2020.

245 per month 2939 per year. In Ontario the average car insurance rate tends to fall somewhere between 1500 and 1900 per year. In Ontario the average car insurance rate tends to fall somewhere between 1500 and 1900 per year.

Especially in the age group between 16 24 years. Car insurance premiums in Ontario are on the higher side compared to most provinces in Canada. Car insurance rates depend on many factors.

The biggest factor is your location in Ontario. They are twice the rate of similar drivers and cars in small town Ontario. The average Ontario car insurance policy in 2017 was 1458 per year according to the Ontario government.

Of all the provinces in the country Ontarians pay the highest average insurance premiums. Lets say Robin suddenly relocates to Banff Alberta with a T1L postal code.

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