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Find Great Mississauga Car Insurance Rates

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How to get Mississauga car insurance quotes on RATESDOTCA

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About Mississauga car insurance

Mississauga is a dynamic city with seven major highways, including one of the busiest and widest freeways in the world. Yes, we’re talking about the 401. With so many drivers on the road, the likelihood of collisions and accidents increases, which is why Mississauga drivers sometimes pay the price when it comes to auto insurance. Find cheaper rates by comparing car insurance quotes from Mississauga’s best car insurance companies.

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Frequently asked questions about Mississauga car insurance

Getting a good price on car insurance doesn’t have to be complicated. Make sure you’re saving the most by understanding these common auto insurance questions.

How much is car insurance in Mississauga?

Mississauga drivers pay an average of $2,000 in annual premiums, which is more than the provincial average of $1,505, according to the Insurance Bureau of Canada. This makes Mississauga the third most expensive city in Ontario for auto insurance. Eek!

Of course, these averages are not a one-size-fits-all rate. Your car insurance rate will depend on your unique circumstances such as your driving record, as well as the individual insurer’s claims history. This is why comparing car insurance quotes is the best way to find better rates in Mississauga and beyond.

Why is auto insurance so expensive in Mississauga?

Mississauga is Canada’s 6th largest city, and a busy one at that. Other than its proximity to the bustling Toronto, one of the main issues contributing to skyrocketing auto insurance premiums is the city’s growth in auto insurance fraud. According to the Insurance Bureau of Canada, auto insurance fraud costs Ontario drivers an estimated $1 billion a year. All that expensive premiums you’re paying? They go for the false claims perpetuated by fraudsters. You might be a good driver, but fraud increases rates for all of us. Where you live is one of the factors insurance companies take into consideration when determining your rates, so living in big cities usually means your car insurance comes with big city prices.

How do insurance companies calculate rates for Mississauga drivers?

Here are some of things insurers take into consideration when determining your rates:

  • Your postal code
  • Your age, employment, and marital status
  • Your car and its make, model and year
  • Your driving experience, and any accredited driving school education
  • Your driving record and any at-fault accidents, offences, or tickets on your record
  • Your usage of the vehicle – for pleasure, business, or commuting to work

Other factors that influence car insurance rates are:

  • Theft rates in your area
  • If you are eligible for discounts
  • Your coverage amounts
  • The deductible you chose
  • Auto insurance fraudulence
  • Provincial regulations
  • Vehicle value - cost of repairs, cost to replace

Each insurer calculates quotes in their own way, which is why rates can vary so much from provider to provider. This is also why it’s so important to compare rates to make sure you’re getting the best price.

Mandatory car insurance in Mississauga

Mississauga follows the same rules as the rest of Ontario. All drivers must carry at least $200,000 in third party liability coverage, accident benefits coverage, uninsured automobile coverage, and direct compensation-property damage coverage.

Ideally, it is recommended that drivers opt for more than the minimum amount to increase your protection (at least $1 million), but that is of course up to you. Here is a breakdown of mandatory car insurance for Mississauga drivers:

Mandatory car insurance in Mississauga

Type of Coverage What it covers How much is required?
Third-party Liability Insurance Covers you in the event of a lawsuit resulting from an accident where you are at fault. $200,000 minimum.
Additional coverage can be purchased up to $2 million.
Statutory Accident Benefits Covers you in the event that you are injured in an accident, regardless of who is at fault. It provides coverage for medical expenses that aren’t covered by OHIP. Basic coverage is included in all policies, but you can increase your coverage amount if you choose.
Direct Compensation-Property Damage (DCPD) Provides coverage for any damage to your car, or loss of use of your vehicle, if someone else is at fault. Must involve another insured vehicle. Basic coverage is included in all policies. You can purchase additional vehicle coverage including for when you are at-fault, consider collision coverage.
Uninsured Automobile Insurance Covers you in the case of injury or death by an uninsured driver, or if your vehicle is damaged as a result of a hit-and-run by an unidentified, uninsured motorist. Up to $200,000 in coverage.

 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.

How can I score discounts on auto insurance in Mississauga?

Straight talk: auto insurance is expensive. But here’s the silver lining: You may be eligible for one or more of the many car insurance discounts available. Check out some of the discounts that may be available to you:

  1. Train with an accredited driving school: If you are a relatively new driver, taking a driver’s education course from a training school will have a big impact on your insurance rates. Completing a ministry-approved driver’s training course that includes classroom and on-the-road training will make you eligible for an auto insurance discount.
  2. Install telematics, or anti-theft devices: If you know you are a good driver, show it off to your insurance company and snag a discount by installing a telematics device. Vehicles with recognized anti-theft devices also get great discounts from most insurers.
  3. Bundle home and car insurance: You already have your car insurance with an insurance company. When you add your home insurance with the same provider, you are eligible for a multi-line, or multi-product discount.
  4. Winter tire discount: Harsh Canadian winters can also bring in additional discounts on your auto insurance. How, you ask? When you change all four tires to safe and appropriate winter tires to prepare for driving in the snow and ice, you are eligible for a discount of up to 5 percent off on your premiums.
  5. Put all your cars in one basket: If you have multiple vehicles at home, insuring them all under the same policy will also make you eligible for a discount of 10 to 20 percent.
  6. Ask about professional discounts. If you’re an alumni from the University of Toronto or another local university or organization, you may be eligible for professional association discounts. You don’t know if you don’t ask, so ask your provider.
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Shop around and save on Mississauga car insurance today!

Whether you’re purchasing a new vehicle, your policy is expiring, or you simply want to save money on your car insurance, comparing rates is the best way to save. Find great rates in less time than it takes to find a parking spot at Square One!

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