Find Cheap Car Insurance in Cambridge

Cambridge drivers saved an average of $508* on their car insurance premiums with RATESDOTCA.

Compare car insurance quotes with other top providers in Ontario

Travelers Insurance logo
Icon - Human

Written By Katie Rook


Car insurance in Cambridge

Residents of Cambridge, a town in southwestern Ontario with a population of about 138,000, enjoy a range of urban amenities in nearby Kitchener-Waterloo as well as elements of rural life.

While the region has public transportation, including a bus service and Go Transit station in Kitchener, most people rely on car travel to get around.

Drivers in every part of Canada are required by law to be properly protected with car insurance and those in Cambridge are no exception.

At a minimum, they must have the following coverage: Accident benefits, Direct Compensation Property Damage, Third Party Liability and Uninsured motorist.

Those seeking more protection can customize their car insurance further with optional coverage – often packaged together under the following terms: All perils, comprehensive, collision and specified perils.

For drivers seeking even more protection, endorsements can be added. They can pick-and-choose policy amendments that top up the coverage otherwise available through a basic policy.

Mandatory coverage

Here, we describe the various forms of mandatory coverage in greater detail:

  • Accident benefits/bodily injury: This coverage will protect drivers in Cambridge who are injured in a collision, including the cost of medical care, wage replacement, home care and funeral costs.
  • Direct Compensation Property Damage (DCPD): For an insured driver who’s not at fault in a collision that took place in Ontario, this mandatory coverage will cover the cost of vehicle damage as well as costs stemming from damage to its contents.

    DCPD allows the driver, who must have been insured in Ontario, to be paid by their insurance provider in a timely manner rather than wait for the conclusion of a legal negotiation with the insurance provider of another driver in the collision.
  • Third party liability: If you’re at fault for a collision and someone else is injured or killed, this coverage will cover the cost of a lawsuit that ensues. It also covers repair costs for property and vehicles damaged in a collision as well as medical costs for injuries resulting from a collision.

    While drivers are at liberty to choose their coverage limit, we recommend they consider a minimum of $1 million. If an at-fault driver is successfully sued for $1 million but has a TPL coverage limit of only $200,000, they’ll be on the hook for the difference: $800,000.
  • Uninsured motorist: Covers an insured driver who's injured, killed or has their vehicle damaged in a collision with an uninsured driver.

Optional coverage

  • All perils: Covers many perils. Broadly, has similarities to Collision and Comprehensive coverage.
  • Collision: Covers car replacement, or repair costs, if insured’s car is damaged in a collision and they’re at fault. Also covers single vehicle collisions and hit and run accidents.
  • Comprehensive: Covers damage by debris, earthquake, explosions, hail, theft, vandalism and weather events.
  • Specified perils: Covers damage from a short list of perils that are specifically named in insured’s policy, such as, attempted theft, damage in transport, earthquake, explosions, fire, lightning, riots or windstorms.

Ontario endorsements

Endorsement is insurance industry lingo that refers to a policy amendment that broadens, restricts or alters its terms. They’re added to a policy for greater coverage.

Some popular car insurance endorsements include:

  • OPCF 20 – Loss of use: If your vehicle is damaged, needs to be replaced and/or you assume transportation costs in the interim, this endorsement means costs will be covered. This protection comes with All perils, Comprehensive or Specified perils coverage.
  • OPCF 27 – Damage to non-owned vehicle: Having this endorsement on your policy, also known as ‘ having a 27’, means that that any bodily injury, accident benefits, uninsured automobile and other property damage coverage you have as part of your car insurance policy will extended to a vehicle you don’t own.

    It also means that if you’re driving a rental car in Cambridge, you won’t need to purchase the property damage coverage – also known as Loss Damage Waiver, or ‘LDW’.
  • OPCF 35 – Emergency roadside: Covers the cost of any labour required if your car breaks down as well as the cost of a tow, battery, gas or tire replacement and/or the services of a locksmith.
  • OPCF 44R – Family protection: This endorsement means that the difference between your coverage and any liability coverage of a third party who’s found at fault during a collision will be covered. Those under 18 who are eligible through a policy with this endorsement will be better compensated in the event of a collision where the other driver is at-fault.
  • OPCF 43 – Depreciation waiver: This endorsement means that if your vehicle is totaled in a collision, you’ll be paid the full value of the car. It’s worth considering this endorsement if you have a brand-new car.

When you have more car insurance coverage, expect to have a higher premium. To manage costs, we recommend that you customize your policy, thinking carefully about what coverage you need and what coverage you can do without.

Since car insurance premiums are subject to change, following approval from the Financial Services Regulatory Authority of Ontario, you can also manage your insurance costs by comparison shopping every year when your policy is up for renewal. Different providers offer different rates at different times, and your coverage needs may change year over year.

We offer free, online car insurance quotes from 50+ of the most trusted providers in the country.

Recent auto insurance quotes in Cambridge

Recent Auto Insurance Quote from CAMBRIDGE, ONTARIO
Female, Age 46
May 24, 2024
Cheapest Quote
$ 162 / month
$1,938 / year
Average Quote
$ 205 / month
$2,463 / year
$ 44 / month
$525 / year
21.32 %
Recent Auto Insurance Quote from CAMBRIDGE, ONTARIO
Male, Age 29
May 24, 2024
Cheapest Quote
$ 452 / month
$5,418 / year
Average Quote
$ 633 / month
$7,594 / year
$ 181 / month
$2,176 / year
28.65 %
Recent Auto Insurance Quote from CAMBRIDGE, ONTARIO
Male, Age 24
May 24, 2024
Cheapest Quote
$ 90 / month
$1,080 / year
Average Quote
$ 286 / month
$3,435 / year
$ 196 / month
$2,355 / year
68.56 %
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Echelon Insurance, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

How to get Cambridge car insurance quotes on RATESDOTCA


1. Tell us about your vehicle

Answer a few basic questions about your driving & car insurance history.


2. Compare your quotes

See quotes from 50+ insurance companies side by side.


3. Choose the right coverage

Find the right protection for your vehicle.


4. Secure your rate

Connect with the provider and secure your rate.

What people say about our quotes

How much does car insurance cost in Cambridge?

According RATESDOTCA’s most recent data, the average 2021 car insurance premium in Cambridge was $1,402.

This is about 10% less expensive than the provincial average in the same year: $1,555.

Within Cambridge, for residents in the postal code areas of N1R0A1 and N1S0A1, the range is $1,378-$1,475.

Here’s a breakdown of average car insurance premiums according to postal code areas within Cambridge:

Postal code Average 2021 car insurance premium
N1S $1,378
N1T $1,378
N3C $1,403
N3E $1,403
N3H $1,475

How do Cambridge car insurance rates compare to those in other Ontario cities?

Compared to other Ontario cities, this is how the average Cambridge premium looks:

Location 2021 % difference from 2021 average Cambridge premium
Cambridge $1,402
Vaughan $2,179 55%
Ajax $2,104 50%
Richmond Hill $2,025 44%
Brampton $1,976 41%
Mississauga $1,971 41%
Pickering $1,959 40%
Toronto $1,953 39%
Oshawa $1,833 31%
Ontario $1,555 11%

Which companies offer car insurance quotes in Cambridge?

Insurance Companies Company Type Phone Address
Billyard Insurance Group - Cambridge Insurance broker (519) 747-7766 366 Hespeler Rd., Unit 13, Cambridge, ON N1R 6J6
BrokerLink Insurance broker (519) 624-6072 1165 Franklin Blvd., Cambridge, ON N1R 8E1
Conestoga Insurance Brokers Ltd. Insurance broker (519) 653-1134 731 King St. E., Cambridge, ON N3H 3N8
Gore Mutual Insurance Company Insurance broker (519) 623-1910 252 Dundas St. N., Cambridge, ON N1R 5T3
Insurance Hotline Quotes comparison 1 (855) 821-7312 360 Adelaide St. W., Suite 100, Toronto, ON M5V 1R7
LowestRates.ca Quotes comparison 1 (855) 487-6911 1910 Yonge St., Suite 401, Toronto, ON M4S 3B2
RATESDOTCA Quotes comparison 1 (844) 726-0907 360 Adelaide St. W., Suite 100, Toronto, ON M5V 1R7
Scoop Insurance Insurance broker 1 (866) 456-6620 300 Lincoln St., Unit 22, Welland, ON L3B 4N4

What factors affect your Cambridge car insurance premium?

When insurance providers are determining a car insurance premium for a driver in Cambridge, the key factors they most closely consider include:

  • Claims history: If you’ve made a car insurance claim in the past, you could be subject to a higher premium because providers consider you to be more likely to make a claim in the future. On the other hand, if you have no claims history, you can expect to enjoy a lower premium.
  • Driver profile: Drivers with a clean record tend to have lower premiums. If you have a history of infractions, you’ll pay more. Any conviction for serious infractions such as stunt driving can impact your rate for years.
  • Location: If you live and drive in an area where there’s a high volume of cars on the road and/or a considerable amount of car theft, expect to pay more. Drivers who commute a significant distance each day are likely to pay more than those who use their vehicles intermittently to travel short distances.
  • Vehicle type: If you drive a car that’s expensive to repair or replace, expect to pay more. Drivers with vehicles that are deemed safe, including features such as car alarms and multiple air bags are more likely to enjoy lower premiums.

Top 7 tips for getting cheap car insurance in Cambridge

To manage your car insurance costs, consider the following seven tactics. In isolation, each can save you money, in aggregate, the savings can increase considerably:

  1. Bundle: Having each of your car insurance policies held by a single provider is the single most effective way to bring down your overall insurance costs. For example, you could have your auto and home policies with one company.
  2. Buy a cheap vehicle: When the cost of repairing or replacing your car is lower, you can expect to have a lower premium.
  3. Comparison shop: Comparing available rates every time your car insurance policy is up for renewal can help you save hundreds of dollars each year.
  4. Customize your policy: We recommend that you examine your coverage each year and make sure that you’re only getting car insurance coverage you need, nothing more. For example, if you added a depreciation waiver to your policy when your vehicle was new to ensure you’d receive back the full value of the car if it was totaled in a collision, you may no longer need it for an older vehicle.
  5. Increase your deductible: If you’re likely to have the cashflow available to cover a higher deductible in the event of a claim, consider increasing it in order to enjoy lower monthly premiums.
  6. Install winter tires: When drivers in Cambridge install winter tires, they will receive a discount of 5-15%. The exact amount is at the discretion of the provider.
  7. Telematics: Drivers who agree to have their driving monitored may enjoy a discount on their rates, particularly if their driving confirms to the insurance provider that they’re at a low risk of making a claim.

Frequently asked questions about car insurance in Cambridge

Which company has the cheapest car insurance in Cambridge?

There’s no single insurance provider that offers cheap car insurance in Cambridge. Instead, getting the best coverage at the lowest rate depends on how any given provider assesses your application. They’re trying to gauge how likely you are to make a claim. If you have no history of making a car insurance claim and have a clean driving record, you can expect to have a lower premium. On the other hand, if you’re deemed by a provider more likely to make a claim, expect to pay more.

In addition to your driving record and claims history, there are lots of ways to manage your insurance costs. When it comes to car insurance, some of the easiest changes to implement include comparison shopping every time your policy is up for renewal, bundling your policies so each is held by a single provider, customizing your policy, installing winter tires and increasing your deductible.

What are the best car insurance companies in Cambridge?

The best car insurance company in Cambridge is the one that offers you the best coverage at the lowest rate. We recommend that every time your policy is up for renewal you carefully consider your coverage needs. There are so many different variables that each company considers that two drivers who live next-door to each other in Cambridge are the same gender and have the same car and the same driving habits could end up with different premiums.

Can I get month-to-month car insurance in Cambridge?

Finding a car insurance policy with less than a one-year term is not impossible, though they are not common. In general, car insurance providers offer one-year-term policies.

How do I get car insurance as a new driver in Cambridge?

If you’re a new driver in Canada, you’ll pay a higher premium until you build up a driver history. If you try to purchase car insurance with no driver history, the provider will consider you an unknown risk and likely charge you more.

After you’ve driven in Canada for at least one year and managed to avoid getting any tickets or file a claim, you can expect to pay a lower car insurance premium.

If possible, one easy way to build up your driver profile when you’re a new driver is to be added as a secondary driver on the policy of an experienced driver. For example, young drivers and students can be added to the policies of their parents or guardians.

Is ride sharing insurance available in Cambridge?

Yes, if you use your vehicle for ride sharing you will be required by the company to purchase their coverage. However, it is likely to only be applicable when you’re using the app. So, additional coverage through your existing car insurance policy is necessary.

We recommend that you immediately alert your car insurance provider if you’re using your vehicle for ride sharing. If they’re unaware and you’re in a collision, coverage could be denied.

*Shoppers in Cambridge who obtained a quote on RATESDOTCA from January to December 2023 saved an average of $508 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.

Katie Rook
Katie Rook

Content Manager

Katie Rook was 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.

Latest auto insurance articles

How to insure your #vanlife
Whether you’re parked at a campground, a big box store parking lot, or on your own driveway, having the right insurance ensures peace of mind and financial security. Here’s what you should know about insuring your RV.
7 mins read
Does your car insurance cover you when travelling out of province?
If your plans involve travelling by vehicle outside of your home province, double check you have the right auto insurance coverage before hitting the road.
4 mins read
What is minor conviction protection?
Opt for minor conviction protection to protect against rate increases due to small traffic offences like speeding. Eligibility requirements and limitations apply.
5 mins read

Subscribe to our newsletter

Stay on top of our latest offers, relevant news and tips!

Thanks for joining!

You'll be hearing from us shortly - stay tuned.