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Whether you’re switching providers or looking to insure a new vehicle, you’ll typically want to compare a number of insurance companies to find the best cheap car insurance. This can take some time but it’s often worth the effort since it can save you hundreds of dollars on your car insurance.
Check out some of the providers that we recommend for the cheapest car insurance in Canada, and learn what you can do to knock extra money off your rates.
While it’s really difficult to pinpoint exactly which provider offers the cheapest car insurance in Canada, we ran some tests to figure out what your coverage might look like with a run-of-the-mill vehicle and driver profile.
We chose to compare quotes for third-party liability insurance on a 2013 Honda Civic clocking 15,000 km per year. We listed the driver as a 30-year-old female with 10 years of driving experience and a perfect driving record.
It’s important to note that the prices outlined in our example below are only a small representation of what’s available. You could 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.
While we didn’t compare excess coverage in this example, we did notice that adding comprehensive/collision insurance to your policy will typically cost an extra $50-$70 per month on average. You can keep that in mind as you peruse the results of our comparison in the table below.
|*Quotes as of 28 July 2020 (subject to change based on personal details).|
If you want the cheapest car insurance available, you’ll usually only want to insure your vehicle with third-party liability. That said, you may want to add on collision and comprehensive if you have a new or expensive vehicle, just to be safe.
The rates you’ll pay for your car insurance will vary by province. Some provinces offer private insurance, while others such as BC, Manitoba and Saskatchewan offer mandatory public insurance. Quebec also has its own unique regulations to govern what kind of car insurance you can get.
It can be very difficult to pinpoint which insurance companies offer the absolute cheapest car insurance rates since the amount you’ll pay will depend on a number of personal factors. These include but aren’t limited to:
There are a few ways that you can lock in the cheapest car insurance in Canada. Try out the following strategies to save money on your next policy.
Depending on which car insurance provider you go with, you could be eligible to get a number of discounts on your car insurance. You can check for the following discounts with your provider.
To apply for car insurance anywhere in Canada, you’ll usually need to meet the following criteria:
If you want to apply for auto insurance, you just need to follow these simple steps.
You should try to compare at least 5-7 car insurance providers if you want to find the cheapest rates on your car insurance. You can start by checking out some of the rates on offer with the companies we’ve listed at the top of the page. You might also want to look for a provider that offers discounts that you think you’ll be eligible for.
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