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Compare car insurance in Toronto

Looking for car insurance in Toronto? Compare providers to find the cheapest rates in one of Canada’s largest cities.

Toronto

Quick facts for car insurance in Toronto

$200,000

Minimum liability coverage

$1,505

Average annual car insurance cost for Ontario

$2,000+

Average annual car insurance cost in Toronto

Toronto has one of the highest car insurance rates in Ontario, which is no surprise since it’s the biggest city in the province. Car insurance rates here can cost as much as $1,000 more than the provincial average due to increased risk factors for car insurance companies.

You’ll be required to purchase a minimum of $200,000 in third-party liability, which will typically give you a base rate of $1,000 or more. From there, you can choose to add on additional third-party liability or coverages such as comprehensive and collision for a higher premium.

Find out more about how much you’ll have to pay to get car insurance in Toronto, and compare a number of reputable providers to find the best rates.

Compare free car insurance quotes online for Toronto

Name Product Accident Forgiveness Min. Liability Coverage Discounts Available Online Claims Available Provinces
Surex Auto Insurance
Yes
$1,000,000
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon
Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor.

Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.
Sonnet Auto Insurance
Yes
Varies by Province
Up to 25%
Alberta, New Brunswick, Nova Scotia, Ontario, PEI, Quebec
Get auto insurance with Sonnet in just five minutes. Save up to 25% on your auto insurance through discounts and bundling options.

Who it might be good for: Drivers looking to apply and manage their car insurance completely online.
Onlia Car Insurance
Yes
$1,000,000
Over $500*
Ontario
Get premium auto insurance coverage with Onlia. Save money on your auto insurance through safe driving discounts and bundling insurance options.

Who it might be good for: Drivers in Ontario looking to save on insurance costs by driving safely.
Intact Car Insurance
Yes
$1,000,000
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon
Get car insurance with Intact and enjoy a quick turnaround on any lodged claims. Get a free quote through Surex.

Who it might be good for: Drivers looking to get rewarded for good driving behaviour.
Aviva Car Insurance
Yes
$1,000,000
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon
Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex.

Who it might be good for: Drivers looking to customize their auto policy.
Travelers Car Insurance
Yes
$1,000,000
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon
Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex.

Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.
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Average cost of car insurance in Toronto

It’s difficult to say exactly how much car insurance in Toronto will cost on average as there are relatively few legitimate studies on the subject. That said, the word on the street is that you’ll pay upwards of $2,000 to get your car on the road in this major city (compared to the provincial average of $1,505 per year).

Keep in mind that this amount is for basic coverage and may increase as you add collision and comprehensive to your policy. Your rates will also fluctuate based on a number of personal factors such as your age, gender, claims history, level of experience and car type. You may also pay higher premiums if you live in riskier neighbourhoods such as Downsview or North York.

Cheapest car insurance in Toronto

It can be very difficult to pinpoint which car insurance is the cheapest option in Toronto. This is because you’ll pay different amounts for coverage based on your own unique personal situation. That said, we ran some tests to figure out what your coverage might look like with a run-of-the-mill vehicle and driver profile.

Sample vehicle and driver

We chose to compare quotes for $1 million worth of third-party liability insurance on a 2017 Honda Civic clocking 10,000 km per year. We listed the driver as a 33-year-old female with over 10 years of experience and a perfect driving record.

It’s important to note that the prices outlined in our sample below are only a small representation of what’s available. You could also end up paying very different amounts based on personal factors such as what type of car you drive, what your claims history looks like and how long you’ve been driving.

Sample car insurance prices for our driver

The average car insurance prices for our Toronto-based driver were over $3,000 per year. These quotes were based on the recommended level of $1 million in third-party liability coverage.

Provider

Annual insurance rate (no discounts)

Annual insurance rate (discounts applied)

Sonnet$3,508$3,508
Economical$3,766$3,171
Zenith$3,836$3,379
Western Assurance$4,316$3,802
RSA$4,414$3,886
Intact$4,461$3,816
CAA$4,974$4,264
Scottish & York$5,005$4,505
Commonwell$5,054$4,549
The Dominion$5,087$4,196
Aviva$5,831$5,249

Analysis of car insurance in Toronto

Based on the sample of quotes we generated, we can draw a couple of generic conclusions about our driver’s coverage and what this might mean for you:

  1. It pays to compare quotes from numerous providers, with the difference between the highest and lowest quote in our sample topping out at over $2,000 per year.
  2. Sonnet is the cheapest car insurance for our sample driver if she doesn’t qualify for any discounts on her coverage.
  3. Economical is the cheapest if she decides to apply discounts for bundling her car insurance, tracking her driving habits with a mobile app and being a member of CAA.
  4. Finding out what discounts you might be eligible for can save you between $500 and $1,000 on your policy, based on this sample of quotes.
  5. These quotes are for the base level of coverage, which means that you’ll typically have to pay more if you want to add collision or comprehensive to your policy.
  6. You may be able to save money if you choose to add only $200,000 worth of third-party liability coverage since this is the minimum legal requirement.
  7. Your coverage will vary depending on personal factors such as your age, gender, claims history, driving experience and neighbourhood.

Where can I buy car insurance in Toronto?

You can buy car insurance from a wide selection of private companies in Toronto. These include Canada-wide insurers such as Allstate, The Co-operators and several of Canada’s big banks. They also include all of the options listed in our sample above and many more.

You can find rates for car insurance by calling a number of insurance companies individually. You’ll also be able to compare rates with a car insurance broker, which is a third-party comparison site that searches for rates with several insurance companies at one time.

Minimum provincial requirements for car insurance in Toronto

You’ll need to have a minimum level of insurance to drive a vehicle in Toronto, which includes the following:

  • Liability insurance. Covers your expenses if you cause an accident and need to pay for medical costs or vehicle repairs for another driver (minimum $200,000).
  • Accident benefits. Pays for any medical bills that you or your passengers might incur as a result of getting into an accident (up to $1 million)..
  • Direct compensation property damage. Lets you get paid directly by your own insurer if you’re injured in an accident that’s not your fault.
  • Uninsured motorist coverage. Helps you get back on your feet if you get into a collision with an uninsured motorist or hit-and-run driver.

Are there eligibility requirements for car insurance in Toronto?

Eligibility requirements

To apply for car insurance in Toronto, you’ll typically need to meet the following criteria:

  • Be at least 16 years old
  • Have a valid Canadian driver’s licence
  • Own the vehicle you wish to insure
  • Be willing to purchase the minimum amount of liability coverage

How to apply

If you think you meet the eligibility criteria, you can apply for car insurance coverage with these simple steps:

  1. Visit the website for the car insurance provider of your choice to submit an application for a quote online.
  2. Provide the necessary documentation – such as a valid driver’s licence and proof of purchase for your vehicle.
  3. Get verified and work with your car insurance provider to negotiate the terms of your car insurance if you meet the eligibility requirements.

Bottom line

You’ll pay more for car insurance in Toronto than you will in many other parts of Canada. This is because it’s one of Canada’s biggest cities and it’s located in a province that has notoriously high rates. Luckily, you can compare quotes from a number of different private insurers to find the best rates for your coverage.

Frequently asked questions

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