Cheap North York Car Insurance Quotes

Car insurance in North York

Drivers who call North York their home, like in any city in Ontario, require auto insurance. The risk of driving without one can get you fined up to $50,000.  Even though it’s not considered a criminal offense, it is an offense under the Compulsory Automobile Insurance Act of Ontario (CAIA). Other consequences could include suspension of your license, impounding of your car and other fees. 

In addition, insurance providers may label you as ’high-risk’ and charge exorbitant premiums.

To get the ball rolling on finding your ideal auto insurance provider and rate, consult the following:

• An insurance broker. This person sells North York car insurance but represents multiple insurance firms.
• An insurance agent. An agent usually represents one firm.
• A direct writer. This is someone who sells their own auto insurance
• A quote comparison website. Sites like RATESDOTCA where you can get the cheapest quotes from the top North York car insurance companies in just a few clicks. It’s free and simple.

How much does car insurance cost in North York?

According to the RATESDOTCA Insuramap data, the average car insurance rate in North York is $2,173 per year, or about $181 per month.

That’s about 24% higher than the provincial average auto insurance average of $1,655. Although North York has a robust public transportation system and access to carsharing options, North York has some of the busiest roads and highways in the province. In fact, Highway 401, which passes through North York and the GTA, is the busiest highway in North America. More traffic equals more claims, and not before long, higher premiums.

Cheapest car insurance in North York

Postal codes starting with M2N in North York have the cheapest average auto insurance rate, at $1,682 per year. Postal codes starting with M9M and M3N have the most expensive average car insurance rate, at $2,746 per year.

The area with M2N postal codes is a relatively save neighbourhood around what used to be North York’s downtown before the city merged with Toronto. While densely populated, with many high-rise condos in the area, there are many transportation options – not just driving. Several subway stations lie within the area, and many amenities and shopping options are available, making car use less desired.

M9M and M3N are within the Humber-River Black Creek areas of North York, which have higher crime rates and denser population. 

Of the more than 108,000 people living in the area, over 64,000 are new Canadians. This could mean higher auto insurance rates for drivers who have little experience behind the wheel in Canada and are considered ‘high-risk.’

Factors that affect your North York car insurance premium

Many factors can affect the rates you pay for North York car insurance. Here are some of them:

• Your driving record & habits. It stands to reason that a good driving record with few to no claims (or infractions) will be looked at favourably by North York insurance companies, leading to cheaper rates due to perceived lower risk.

• Your vehicle. Your car can affect your auto insurance premium as well. Higher-priced models that are also expensive to maintain or replace could come with a higher insurance price tag. They may also catch the eye of thieves. Cars with safety features, such as alarms or anti-theft devices, that are easier to maintain could help reduce your rates too.

• Where you live. Location is an important factor when it comes auto insurance premiums. Low-crime neighbourhoods that have less congestion could see lower rates than higher-crime areas, where theft and vandalism are more common.

• Your age and gender. North York auto insurance companies tend to give higher rates to younger and less experienced drivers. Males under the age of 25 are considered the highest risk drivers. Staying safe and maintaining good driving habits will help you reduce rates as you gain more experience.

*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.