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Written By Alexandra Bosanac

Updated

Car insurance in Milton

Milton follows Ontario's auto insurance system, which can be described as a limited no-fault system. When drivers who live in a no-fault province get into an accident, it doesn't mean no one will be held responsible for the collision. It means that drivers are reimbursed by their insurance company for their legal and medical expenses — which their insurance policy entitles them to — regardless of whether they caused an accident.

Before 1990, when no-fault was introduced to Ontario, drivers had to sue the other party's insurance company for compensation. The result? It took a long time for people to access the money they needed. It was a protracted and costly process due to the involvement of the courts.

Today, insurance companies work together on their policyholders' behalf to determine fault, which has reduced the courts' involvement in claims settlements.

The trade-off of the no-fault system is that the province limits your ability to sue for damages that aren't covered by your insurance plan. For example, pain and suffering and economic loss. In a pure no-fault system, like the one in Quebec, you can't sue for these things, period. In Ontario, you do have the ability to sue for damages. However, you have to be able to demonstrate that your case passes a provincially-set threshold.

Another hallmark of a no-fault system is direct compensation property damage (DCPD). This coverage, which is available in Ontario, ensures that if you're found to have not caused an accident, your insurance company will pay to replace or repair your vehicle, and your premium won't be impacted.

Since it's possible to be somewhat responsible for an accident (for example, you can be found 25% or 50% at fault), you can still access your DCPD benefit if you're partially at fault. Your insurer will give you an amount proportionate to the amount you're not at fault for.

The Ontario Insurance Act includes a section covering fault-determination rules, including many collision scenarios.

Car insurance is mandatory in Ontario and across Canada, which is why it's a heavily regulated industry. Because insurance is so important, some provinces have even opted to take the industry public. Drivers purchase insurance from a Crown corporation in B.C., Manitoba, and Saskatchewan. It's done at the same time as you register your vehicle.

Ontario has a private market, meaning drivers have choices when it comes to their insurance provider.

Still, to ensure that premiums are affordable for drivers (since all drivers need coverage), a provincial body oversees the regulation of prices. The body overseeing the car insurance industry is the Financial Services Regulatory Authority of Ontario (FSRA). Insurance companies must submit requests to change their rates to FSRA along with a justification for the increase or decrease.

Mandatory and optional auto insurance in Milton

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

Recent auto insurance quotes in Milton

Recent Auto Insurance Quote from MILTON, ONTARIO
Male, Age 37
2019 TOYOTA RAV4 LE 4DR 2WD
May 28, 2024
Cheapest Quote
$ 50 / month
$599 / year
Average Quote
$ 121 / month
$1,448 / year
Savings
$ 71 / month
$849 / year
or
58.63 %
Recent Auto Insurance Quote from MILTON, ONTARIO
Female, Age 49
2024 NISSAN ROGUE SV 4DR AWD
May 28, 2024
Cheapest Quote
$ 108 / month
$1,296 / year
Average Quote
$ 186 / month
$2,235 / year
Savings
$ 78 / month
$939 / year
or
42.01 %
Recent Auto Insurance Quote from MILTON, ONTARIO
Male, Age 29
2024 HYUNDAI ELANTRA ESSENTIAL 4DR
May 28, 2024
Cheapest Quote
$ 196 / month
$2,348 / year
Average Quote
$ 278 / month
$3,330 / year
Savings
$ 82 / month
$982 / year
or
29.49 %
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

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How much does car insurance cost in Milton?

Milton's average car insurance premium was $1,498 in 2021, or $125 per month.

It increased by roughly 9% since 2020 when the average was $1,380.

When compared to the provincial average, Milton residents are paying 9% more than the provincial average, which is currently $1,376 per year.

Insurance costs are driven by claims (the amount that insurers pay to customers when they report a loss).

When a premium is above the benchmark, it's likely because there is more claims activity within that geographic area.

It makes sense that Milton's premiums are above the Ontario average. Milton is built around cars, so much so that it's necessary to have one to do everyday activities. In addition, many of its residents commute to work in Toronto by car. Both these factors amount to a lot of time spent behind the wheel. The more time spent driving and the more dependent a population is on a car, the higher the likelihood that you'll find yourself in a situation where you need to file a claim.

How does Milton’s average car insurance rate compare to other Ontario cities?

Rank City Average premium 2021
1. Vaughan $2,179
2. Ajax $2,104
3. Richmond Hill $2,025
4. Brampton $1,976
5. Mississauga $1,971
6. Pickering $1,959
7. Toronto $1,953
8. Oshawa $1,833
9. Whitby $1,792
10. Nobleton, Schomberg, Orangeville, King City $1,766
20. Milton $1,498

Of all the 190 Ontario cities surveyed for the 2021 Auto Insuramap ranking of auto insurance premiums, Milton ranked 20th and was in the 80th percentile for car insurance prices.

While Milton is not the cheapest place in the province to insure your car, it's still one of the more affordable places in the Greater Toronto Area.

For example, it's still 24% cheaper than nearby Brampton and Mississauga.

However, car insurance in Milton is still $98 more expensive per year than in Oakville.

These averages are based on a 35-year-old male driver with a clear driving record.

The results from the Insuramap survey suggest that the areas where premiums are higher than Milton's average may receive more claims from people in this demographic. The reverse is true for areas where premiums are lower, like Oakville.

Your mileage may vary if you don't belong to the demographic the survey was based on. For example, women tend to pay lower premiums than men.

The best way to find out what the best rate you can get is to compare rates from multiple insurance companies.

There is wide variation in price between insurance companies. Just like people, their tolerance for risk varies.

Which companies offer car insurance quotes in Milton?

Company Company type Phone number Address
AIM Insurance Brokerage 905-636-8001 450 Bronte St S Unit 113, Milton, ON L9T 8T2
All-Risks Insurance Brokers Limited Brokerage 905-636-9530 420 Bronte St S #212, Milton, ON L9T 0H9
Allstate Insurance: Milton Agency Agency 289-270-3772 71 James Snow Pkwy N unit 6, Milton, ON L9E 0H2
Billyard Insurance Group - Milton Brokerage 905-203-1117 75 Main St E Suite 16, Milton, ON L9T 1N4
BrokerLink Brokerage 905-876-4607 44 Main St E #201, Milton, ON L9T 1N3
InsuranceHotline.com 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
RBC Insurance Agency 905-875-3144 65 Ontario St S Unit F6, Milton, ON L9T 2T2
Scoop Insurance Brokerage 1-866-456-6620 300 Lincoln St unit 22, Welland, ON L3B 4N4
Westland Insurance Brokerage 905-878-1633 251 Main St E Suite 102, Milton, ON L9T 1P1

What factors affect your Milton car insurance premium?

Your driving record

Your driving record is one of the factors that have the most influence on your premium and one you have the most control over.

Building a track record free of traffic convictions — speeding, driving under the influence, and driving without a license, for example — will ensure you pay the lowest possible rate.

Staying free of convictions takes work, but it’s even harder to clear your record once there's something on it. If you’re convicted under the Highway Traffic Act, the conviction will remain on your record for six years.

Being a safe driver doesn't make an immediate difference on your premiums, but it's guaranteed to work. Stick to it, and you’ll see your premium shrink each year at renewal time.

Your insurance history

Your insurance history is another influential factor you have a good deal of control over.

In the insurance industry, the past is a good indicator of future behaviour, which is why insurers are not usually forgiving if you make a misstep, and why it takes years to be absolved.

To build up a strong reputation with your insurer, make sure you:

  • Pay your premium on time
  • Are truthful about the car you're insuring and where you live.
  • Are selective about filing claims – if you can afford to pay out of pocket, do so.
  • Practice defensive driving.

Unfortunately, drivers in their teens and twenties are hit with some of the highest rates of all demographics simply because they haven't yet built enough history with an insurer.

Your coverage

Purchasing more insurance than what's required by the Ontario government will result in higher premiums.

However, this can end up being a money-saving strategy.

For example, legal expenses and medical costs have increased steeply since the Ontario government set the minimum benefit amounts. It's prudent to purchase more coverage in these areas.

Another scenario where it might make sense to buy more insurance is if you have a car less than three years old. Replacing a new car out of pocket is out of reach for most people.

An insurance professional can help you decide whether enhancing your policy is worth your while.

Your neighbourhood

Insurance companies use forward sortation areas (FSAs) to determine boundaries.

Your FSA is indicated by the first three letters of your postal code

Depending on the claims activity by other policyholders in an FSA, premiums can be high or low. More claims result in higher premiums and vice versa.

Your commute 

You'll pay higher insurance premiums if you take the car to work every day in Toronto over someone who only uses their vehicle occasionally. The more time you spend on the road, the greater the likelihood you'll need to file a claim eventually.

Tips on getting cheap car insurance in Milton

1) Compare quotes

Both the Ontario and Canadian governments recommend comparison shopping before you decide on an insurance company. RATESDOTCA makes shopping around easy by aggregating quotes from 50+ Canadian insurance providers.

2) Increase your deductible

For some insurance coverages, you need to pay a certain amount before your insurance company will release the rest of your benefit and settle the claim.

When you offer to pay a higher deductible, you save the insurance company money. They will often reduce your premium in return.

3) Get the appropriate amount of coverage

Working with an insurance professional will ensure you're enhancing your car insurance coverage in the right areas.

For example, purchasing more liability insurance and accident benefits is a good idea than only carrying the provincially mandated minimum.

But if your car is over five years old (and not leased or financed), you may not need collision or comprehensive coverage.

Check with an insurance professional once a year to see that you're not overspending on coverage.

4) Drive less

If you're one of the millions of Ontarians who have transitioned to remote work, then definitely let your insurance company know.

Cutting down on driving will reduce your premiums.

That's because the statistical likelihood of you needing to file drops when you spend less time on the road.

5) Bundle home and auto insurance

Bundling home and auto coverage with the same insurance company can reduce your annual insurance costs by up to 15%.

6) Try telematics

Several Ontario insurance providers now offer telematics programs.

Telematics is a technology that allows insurers to monitor your driving habits.

A device is installed into your car's onboard diagnostic port and can detect things like how hard you brake, average speed, and the number of kilometres you drive.

If you're able to demonstrate you're a safe driver, your insurance company will reward you with a reduced premium at renewal.

The reductions can be steep – up to 25% in some cases.

However, Ontario insurance companies now have the right to penalize you based on data collected through telematics.

So, unless you know you're a good driver — or if you have a secondary driver listed on your policy that you're iffy about — enrolling in telematics could backfire.

7) Pay for the year upfront

To say ‘thanks’ to customers, insurance companies offer discounts for paying your entire insurance bill at renewal.

8) Apply for discounts

Companies offer discounts to drivers based on their alumnus status, profession, and even membership in a union.

Some even offer discounts to post-secondary students for maintaining a certain grade point average.

9) Avoid additional drivers

Adding a second driver to your insurance policy will increase your premium.

Suppose a household member uses your car semi-regularly. In that case, it's a good idea for them to be listed as a driver.

You may consider asking them to chip in on insurance, though.

10) Buy an endorsement

Endorsements are optional car insurance coverages that alter the terms of your insurance policy.

Unlike other optional forms of insurance that enhance your coverage, like collision or comprehensive insurance, endorsements can be used to reduce your coverage in one area.

For example, you can waive coverage for glass repair in exchange for a lower premium.

Talk to an insurance professional about whether this tactic makes sense for you.

Frequently asked questions about car insurance in Milton

Here's everything you may be wondering about car insurance in Milton, Ontario.

Which company has the cheapest car insurance in Milton?

The best way to find the answer is to compare quotes from multiple insurance companies.

Insurance is different from other services you purchase.

Insurance companies are selective about who they take on as customers — they have to be sure they have enough funds to fulfill their obligations to their current customers — so they don't overtly compete with other insurers on price alone.

Insurance companies tailor the price of coverage to match the risk they believe you present. Every insurer will assess your risk differently.

That's why it's essential to compare car insurance companies before you buy a policy — the rates you're offered can vary by hundreds of dollars.

What are the best car insurance companies in Milton?

We assume that ‘best’ means the most coverage at the cheapest price.

The answer to this question will be different for everyone because no two insurance companies will use the same criteria to evaluate you and price your policy.

To find out which company can offer you the lowest rates, compare quotes from multiple insurance companies.

From there, you can judge which one is truly the best for you.

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

Month-to-month insurance coverage isn't available in Milton; however, select insurance companies offer policies that are six months long instead of the usual term of one year.

Because those contracts are relatively hard to find, you may have to purchase a conventional policy and cancel it when you no longer need it. You'll be charged a fee for cancelling before your renewal period (usually a percentage of your annual premium).

Another option is pay-as-you-go insurance, also known as usage-based insurance (UBI). This is a relatively new product in Ontario, and it's geared toward low-mileage drivers. It's not like a pay-as-you-go cellphone plan. Instead, you purchase coverage for a base number of annual kilometres (usually 10,000 km or less), and you pay extra for any kilometres you log on top of that. It requires installing a monitoring device in your car so your insurer can track the number of kilometres you drive.

Some endorsements allow you to pause your insurance coverage. For example, O.E.F. 16 Agreement for Suspension of Coverage Endorsement suspends coverage if the vehicle is in storage.

Talk to an insurance professional about usage-based policies and/or endorsements.

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

The same way a veteran driver would: through an insurance agency, a brokerage, or a rates comparison site like RATESDOTCA.

An insurance agent can only show products sold by the company they work for, while a broker can show you rates from multiple insurance companies, but not other brokerages.

That's where rate comparison sites come in.

We include agencies and multiple brokerages in our digital marketplace, making the playing field much more competitive.

In less than three minutes, you'll be able to see the rates from 50+ insurance providers, starting with your lowest one.

Is ride sharing insurance available in Milton?

Yes, ride-sharing insurance is available throughout Ontario, including Milton.

All legal rideshare companies in the province offer insurance to drivers.

Commercial insurance coverage applies from the moment you turn on the app. When you're not logged on, your personal insurance applies.

The Financial Services Regulatory Authority of Ontario maintains a list of all the recognized rideshare apps and the insurance companies that underwrite their driver policies:

  • Facedrive – Northbridge General Insurance Corporation
  • Lyft – Aviva Insurance Company of Canada
  • RideCo – Northbridge General Insurance Corporation
  • Uber – Economical Mutual Insurance Company
  • Uride – Northbridge General Insurance Corporation
  • NRT OnDemand – Hartford Fire Insurance Company of Canada
  • Zoom Innovations Inc. – Northbridge General Insurance Corporation
  • Y Drive - Northbridge General Insurance Company
  • M Ride Inc. - Northbridge General Insurance Company

*Shoppers in Milton who obtained a quote on RATESDOTCA from January to December 2023 saved an average of $606 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.

Alexandra Bosanac ,
Content Manager

Alexandra Bosanac has been a content manager for RATESDOTCA since 2021, specializing in auto insurance. She began covering auto insurance in 2017. Alexandra has a bachelor's degree in journalism from Toronto Metropolitan University. Before joining the RATESDOTCA editorial team, she reported for the Canadian Business, the Toronto Star, the National Post, and the CBC.

Experience
  • Car Insurance
Education
  • Bachelor of Journalism, Toronto Metropolitan University
Featured in
  • Investigative researcher at CBC
  • Breaking news reporter at Toronto Star
  • General assignment reporter at National Post
  • Business and general assignment reporter at The Canadian Press
  • Writer at Canadian Business

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