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Updated
It’s illegal to drive in Canada without car insurance.
There are many steps a driver can take to secure the best coverage at the lowest rate. One of the first and most important is understanding how car insurance works.
It’s a bit different in each province; in Ontario (and Alberta) car insurance must be purchased from a private company. While each provider determines the premium they offer each driver, those premiums must first be approved by a regulatory body called the Financial Services Regulatory Authority (FSRA).
Since car insurance rates tend to increase over the long term, it’s up to each individual driver to manage their insurance costs. One way to do so is by customizing the policy.
Each driver in Oshawa needs a baseline of coverage that’s considered mandatory in the province. There are also optional coverages & endorsements are available to add on top of your mandatory coverages:
| Insurance type | Mandatory coverage | Optional/Additional coverage |
|---|---|---|
| Third-Party Liability | $200,000 minimum. Provides coverage in the event of a lawsuit resulting from an accident where you are at fault. | Coverage can be increased to $500,000, $1 million, or $2 million, with up to $2 million limit. |
| Direct Compensation-Property Damage (DC-PD) | Covers damage to your car, or loss of use of your vehicle, if someone else is at fault. Must involve another insured vehicle. | For additional vehicle coverage including for when you are at-fault, consider collision coverage. |
| Uninsured Automobile Insurance | Provides up to $200,000 in coverage if you are injured or killed by an uninsured driver, or if your vehicle is damaged as a result of a hit-and-run by an unidentified, uninsured motorist. | Family Protection Coverage is an optional coverage that includes additional coverage of up to $1 million in the case of a hit-and-run by an uninsured motorist. |
| Statutory Accident Benefits | Provides coverage if you are injured in an accident, regardless of who is at fault. Covers medical expenses that aren’t covered by OHIP. Income Replacement Benefits: Basic weekly income replacement of 70% of your gross income up to $400/wk. Medical, Rehabilitation and Attendant Care Benefits: Up to $65,000 for serious injuries, and $1 million for catastrophic injuries. Caregiver Benefits: Up to $250 per week for the first dependent, and $50 per week for each dependent after that. Housekeeping and Home Maintenance Expenses: Maximum payout $100 per week. Death and Funeral Benefits: Up to $25,000 is provided to your spouse, $10,000 for each dependent, and up to $6,000 in funeral costs in the event you are killed in an automobile accident. |
Coverage limits can be increased. |
| Collision Coverage (Also Upset Coverage) | Optional | Covers the costs of repairing or replacing your vehicle following a collision with another vehicle, an object, or property. |
| Comprehensive Coverage | Optional | Covers damages caused by named perils identified under the Specified Perils coverage, as well as losses from other perils like falling or flying objects, theft, fire, hail, windstorms, missiles, and vandalism. |
| Specified Perils Coverage | Optional | Covers damages caused by named perils such as theft, attempted theft, explosions, natural disasters like fire, lightning, windstorm, hail, rising water, earthquakes, and also other perils specified in your policy. Specified perils do not cover damages due to vandalism, breakage of glass, etc. |
| All-Perils Coverage | Optional | Combines collision/upset and comprehensive coverage. Also provides additional protection if a household member or an employee steals your vehicle. |
| OPCF 20: Coverage for Transportation Replacement | Optional | Covers the cost of your transportation replacement and rental car insurance if you were to get into a car accident or if your vehicle is stolen. |
| OPCF 27: Liability for Damage to Non-Owned Automobile(s) | Optional | Covers if you damage a borrowed or rental vehicle. The coverage limit is usually around $25,000 to $50,000. |
| OPCF 39: Accident Waiver/Forgiveness | Optional | Protect your premium from rising when you have your first at-fault accident. |
| OPCF 43: Waiver of Depreciation | Optional | Protects you by removing your insurer's right to deduct depreciation from the value of your vehicle when settling a claim. This coverage is for new vehicles with fewer than 5,000 kilometres. |
| OPCF 44R: Family Protection Coverage | Optional | Protects you if you or a family member is injured, regardless of whether you or your family members are in the car when the accident occurs |
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The average cost of auto insurance in Oshawa in 2021 was $1,833, according to the RATESDOTCA Auto Insuramap tool. Rates varied in the five postal code regions within the city.
Drivers in the postal code regions L1G, L1K and L1L paid $1,766 while those in the postal code regions of L1H and L1J paid $1,933.
In general, auto insurance rates are more expensive in areas that have dense traffic, a high volume of commuters and, therefore, a higher volume of claims. The frequency of auto theft can also impact rates within a neighbourhood.
| Postal Code | Average Premium |
|---|---|
| L1G | $1,766.00 |
| L1H | $1,933.00 |
| L1J | $1,933.00 |
| L1K | $1,766.00 |
| L1L | $1,766.00 |
In 2021, auto insurance rates in Oshawa were among the top ten most expensive in the province according to RATESDOTCA’s Auto Insuramap tool. It ranked the eighth most expensive in Ontario, among 53.
The average annual premium in Oshawa was about 18% more expensive than the provincial average of $1,555. The density of traffic and volume of Oshawa drivers who commute to-and-from the surrounding area each day helps account for how expensive premiums are compared to elsewhere in the province.
| Rank | City | Avg. 2021 premium | Change from 2020 |
|---|---|---|---|
| 1. | Vaghan | $2,179 | -6.7% |
| 2. | Ajax | $2,104 | -1.7% |
| 3. | Richmond Hill | $2,025 | -11.4% |
| 4. | Brampton | $1,976 | -26.8% |
| 5. | Mississauga | $1,971 | -16.9% |
| 6. | Pickering | $1,959 | -0.1% |
| 7. | Toronto | $1,953 | -11.3% |
| 8. | Oshawa | $1,833 | +12.1% |
| 9. | Whitby | $1,792 | +0.9% |
| 10. | Nobleton, Schomberg, Orangeville, King City | $1,766 | +14.2% |
|
Insurance companies |
Company type |
Phone |
Address |
|
Co-operators - McIvor Insurance Inc. |
Insurance agency |
1(905)720-3045 |
1288 Ritson Rd. N. #1, Oshawa, ON L1G 7Z9 |
|
Insurance Hotline |
Quotes comparison |
1(855)821-7312 |
225 King St W, Suite 1000, Toronto, ON, M5V 3M2 |
|
Insurance Jack |
Insurance agency |
1(888)268-2408 |
285 Taunton Rd. E., Oshawa, ON L1G 3V2 |
|
LowestRates.ca |
Quotes comparison |
1(855)487-6911 |
1910 Yonge St. Suite 401, Toronto, ON M4S 3B2 |
|
McDougall Insurance & Financial |
Insurance agency |
1(905)579-1317 |
172 King St. E. Suite #300, Oshawa, ON L1H 1B7 |
|
RATESDOTCA |
Quotes comparison |
1(844)726-0907 |
225 King St W, Suite 1000, Toronto, ON, M5V 3M2 |
|
Scoop Insurance |
Insurance brokers |
1(866)456-6620 |
300 Lincoln St. Unit 22, Welland, ON L3B 4N4 |
|
W B White Insurance Ltd. |
Insurance agency |
1(905)576-6400 |
110 King St. E., Oshawa, ON L1H 1B6 |
There are many tactics drivers in Oshawa can use to get cheap auto insurance. Some of the most effective ones are outlined below.
Learn more about what contributes to car insurance rates in Oshawa.
Car insurance providers look at a range of factors when deciding on a premium. There’s no single provider that offers the lowest rate in the market. Instead, they consider the driver’s claims history and driving record. They also examine their location and vehicle type. Of course, the coverage amount and its associated limits are also part of the equation.
To secure the best coverage at the lowest rate, there’s a lot an Oshawa driver can do. In addition to shopping available rates from dozens of the most-trusted providers in the country, a drive can save by bundling their auto and home policies, applying discounts such as those available to drivers who install winter tires, they can also reduce their amount of coverage to make sure they’re only paying for the protection they need and nothing more. In addition, a driver can opt-in to a telematics program which monitors driving behaviour and offers discounts for good driving.
Most car insurance providers offer one-year policy terms. It’s unlikely that a driver will be able to secure a month-to-month policy. Driving in Canada without car insurance is illegal. And any gaps in coverage can result in long-term insurance problems – especially if a driver is in a collision and doesn’t have coverage. We encourage drivers in Oshawa to compare rates from 50+ providers using our free, online auto insurance quote tool. Next, they can speak to an insurance provider to secure a policy that makes the most sense for their circumstance. Oshawa drivers saved an average of $673* on their car insurance premiums last year using RATESDOTCA. Total savings represents the average savings multiplied by the number of shoppers who generated a quote in 2021.
New drivers tend to pay more for car insurance, regardless of location. This is because insurance providers have no driving history to refer to when trying to gauge how likely the driver is to make an auto insurance claim.
We recommend that new drivers in Oshawa get auto insurance by applying for a quote and providing proof of coverage from a previous insurance provider.
If that’s not an option, a new driver can secure a lower rate by developing their insurance history by being added as a secondary driver on the policy of an experienced driver such as a parent or guardian. After one year of driving (without infractions), providers may be willing to provide a lower premium.
Yes. Most ride sharing companies have insurance they require drivers to purchase. Drivers should be aware that this coverage is likely to only apply while their driving for the ride sharing service or app. So that they have adequate car insurance coverage at all other times, we recommend that the driver have their own auto insurance policy. The driver should disclose to their insurance provider that they’re using the car for ride sharing to ensure that a future claim is covered rather than denied.
Hands down the best way to save on your Oshawa auto insurance is to shop around. Stop overpaying for your coverage today and compare quotes at RATESDOTCA.
*Shoppers in Oshawa who obtained a quote on RATESDOTCA from January to December 2023 saved an average of $578 per year. The average savings represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third-lowest quoted premiums generated by RATESDOTCA.
Content Manager
Katie Rook is a content manager at RATESDOTCA, specializing in home insurance. She has been a full-time reporter at CTV, National Post, and The Globe and Mail. Her work has also appeared in Dow Jones’ MarketWatch, Toronto Star, Toronto Life, Saint John Telegraph-Journal and VICE. Katie is a graduate of Ryerson and Dalhousie universities.
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