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Find Cheap Car Insurance in Niagara Falls

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Written by Joel Kranc

Car insurance in Niagara Falls

Niagara Falls – Honeymoon capital of the world. This tourist town of 421,000, can see upwards of 12 million visitors per year. It is also a border town connected to the U.S. by the Rainbow Bridge and, of course, home to the world-famous Horseshoe Falls.

Insurance in Niagara Falls works much like the rest of Ontario. It is mandatory and drivers are subject to fines if they are caught driving without it.

Mandatory and optional auto insurance in Niagara Falls

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 Ontario Auto Insurance Quotes

Shopper from BRANTFORD, ONTARIO
2013 HYUNDAI ELANTRA GLS 2DR November 28, 2022
$ 2,607
Per year
Cheapest Rate
$ 4,315
Per year
Average Rate
$ 1,708
or
40 %
in savings
Shopper from BRANTFORD, ONTARIO
2013 TOYOTA COROLLA LE 4DR November 28, 2022
$ 1,239
Per year
Cheapest Rate
$ 1,856
Per year
Average Rate
$ 617
or
33 %
in savings

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How much does car insurance cost in Niagara Falls?

According to RATESDOTCA’s Insuramap data, in 2021, the average rate for auto insurance in Niagara Falls was $1,327 per year – up from $1,247 in 2020.

In the same year, the average auto insurance premium in Ontario was $1,555.

Car insurance costs in Niagara Falls mirror those of many other mid-size Ontario towns. Of 53 for most expensive auto premiums in Ontario surveyed by RATESDOTCA in 2021, Niagara Falls ranks 37th.

Vaughan ranked the most expensive with average annual premiums of $2,179. Experts reflect that premiums in that GTA city are increasing because of an increasing volume of claims and overall increasing density of traffic.

While Niagara Falls auto insurance rates are in-line with other mid-size Ontario cities, its premiums are considerably lower than larger ones, according to 2021 RATESDOTCA’s Auto Insuramap.

In general, drivers pay more in cities with more traffic. While Niagara Falls is a very popular tourist destination, its traffic density is not as significant as that of Vaughan, Ajax and Richmond Hill – the three most expensive locales in Ontario for car insurance premiums.

Rank City Estimated 2021 premium % Difference from average Niagara Falls premium
Niagara Falls $1,327
1. Vaughan $2,179 64%
2. Ajax $2,104 58%
3. Richmond Hill $2,025 53%
4. Brampton $1,976 49%
5. Mississauga $1,971 49%
6. Pickering $1,959 48%
7. Toronto $1,953 47%
8. Oshawa $1,833 38%
9. Whitby $1,792 35%
10. Nobleton, Schomberg, Orangeville, King City $1,766 33%

What factors affect your Niagara Falls car insurance premium?

The following each have an impact on how much you'll pay for car insurance in Niagara Falls:

  • Car model: Cars that are more expensive to repair tend to be more expensive to ensure. Similarly, if it’s a car model that’s often stolen, a driver should expect to pay more.
  • Driving record and experience: Your claims history and driving record are a major contributor. The number of speeding tickets, driving convictions and at-fault accidents you've had will all influence how much you pay for insurance.
  • Your driving experience: Drivers with no claims history can secure savings because it encourages the insurance provider to assess them as being at low risk of filing a claim. New drivers in Canada may be subject to higher premiums unless they can reflect that their experience with a letter from a regulatory body where they were previously licensed.
  • Where you’re driving: Drivers in larger cities with significant traffic tend to pay more. Rates are also higher in cities where car theft is more common.
  • How much you drive: The number of kilometres you drive in a year affects the cost of car insurance in Ontario. The more you drive, the more likely you'll make a claim, the more you'll pay. If you use your vehicle only sparingly, consider a pay-as-you-go policy.
  • Coverage amount and limits: In general, you’ll pay more for more coverage. Similarly, if you increase your coverage limits, your premium will go up as well.
  • Additional drivers: Adding a secondary driver to your policy may increase your premiums. However, doing so is a good way to help a younger driver pay less and be able to reflect that they’re gaining driving experience.
Companies that offer auto insurance quotes in Niagara Falls
Insurance Companies Company Type Phone Address
All Risks Insurance Brokers Insurance brokers (289) 932-1222 7-8279 Lundy's Ln., Niagara Falls, ON L2H 1H5
Allstate Insurance Insurance brokers (289) 302-0119 3969 Montrose Rd #2, Niagara Falls, ON L2H 3A1
Co-operators Insurance brokers (905) 357-6500 7925 McLeod Rd. F3, Niagara Falls, ON L2H 0G5
Doug Mate Desjardins Insurance Agent Insurance agent (905) 354-5696 6251 O'Neil St. #4, Niagara Falls, ON L2J 1M6
Insurance Hotline Quotes comparison 1 (855) 821-7312 360 Adelaide St. W. Suite 100, Toronto, ON M5V 1R7
LowestRates.ca Quotes comparison (604) 829-3714 730 Alexander St. Unit #1, Vancouver, BC V6A 1E3
RATESDOTCA Quotes comparison 1 (844) 726-0907 360 Adelaide St. W. Suite 100, Toronto, ON M5V 1R7
Scoop Insurance Insurance brokers 1 (866) 456-6620 300 Lincoln St. Unit 22, Welland, ON L3B 4N4

Tips to get cheap car insurance in Niagara Falls

  1. Bundling: When an insurance provider holds more than one of a customer’s insurance policies, they’re likely to offer a discount.
  2. Increase your deductible: Raising your deductible is one of the easiest (and surest) ways to reduce car insurance payments.
  3. Compare rates: Shop around by using sites like RATESDOTCA to ensure you have the quotes to compare with.
  4. Keep a clean record: While it may seem obvious, ensure your driving record is clean and you maintain safe driving habits.
  5. Telematics: Apps that automatically monitor your driving behaviour, could cut your car insurance premiums significantly. These apps monitor everything from the speed you drive to how quickly you stop and turn—and brake.
  6. Tailor your coverage: Dropping collision coverage can help reduce rates. If your vehicle is worth less than $2,000-$3,000, the cost of collision coverage may not be worth the benefit.
  7. Get winter tires: Don’t underestimate the value of winter tires. Some insurance companies provide a discount when used, and of course, they add extra driving protection.
  8. Inform your insurance broker of adjustments you can make, for example, if you use your car less in the winter.

Frequently asked questions about car insurance in Niagara Falls

Here's everything you may be wondering about Niagara Falls car insurance.

Which company has the cheapest car insurance in Niagara Falls?

It’s hard to determine who has the cheapest rates on your own. Comparison sites like RATESDOTCA will ensure you are seeing quotes from the least expensive sources to help you make an informed decision.

There are many additional ways to bring down your rate. Some of the easiest tactics include bundling insurance, increasing the deductible, installing winter tires and agreeing to use telematics which will result in savings if you're deemed to have safe driving habits.

What are the best car insurance companies in Niagara Falls?

Choosing the right car insurance company for you is a personal choice. Comparison shop using RATESDOTCA and talk to brokers or agents to see who can offer the best policies and customer service you need.

Can I get month-to-month car insurance in Niagara Falls?

Month-to-month car insurance in Niagara Falls is essentially non-existent. Some insurance companies offer six-month policies, but typically a policy lasts one year.

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

New drivers typically pay more for insurance than experienced drivers, mainly due to the risk factor. If you have the option to do so, try persuading a parent, partner or very good friend to add you as a named driver to their insurance policy.

Is ride sharing insurance available in Niagara Falls?

Ride sharing insurance is linked more to companies than cities. For example, FSRA has approved auto insurance products for the following ride-sharing companies only:

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

*Shoppers in Ontario who obtained a quote on RATESDOTCA and transacted via our contact centre from July to December 2021 saved an average amount of $772. The average savings amount represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by RATESDOTCA.

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