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On this page:
- Car insurance in Oakville
- What changes are coming to car insurance in Ontario in 2026?
- How to get Oakville car insurance quotes on Rates.ca
- Mandatory and optional auto insurance in Oakville
- How much does car insurance cost in Oakville?
- How Oakville car insurance rates compare to other Ontario cities
- Which companies offer car insurance quotes in Oakville?
- Factors that affect your Oakville car insurance premium
- Tips on getting cheap car insurance in Oakville
- Frequently asked questions about car insurance in Oakville
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How much does car insurance cost in Oakville in 2026?
In 2026, the average car insurance premium in Oakville is $2,167 per year (about $181 per month). Premiums in Oakville are 18.3% lower than the provincial average of $2,653. This makes Oakville 122nd out of 181 Ontario communities for car insurance affordability.
How Rates.ca finds the average car insurance premium
Rates.ca’s Auto Insuramap is an interactive map that shows how car insurance rates compare across Ontario’s forward sortation areas (FSA).
The estimated premiums for each FSA are based on the average of the three lowest premiums quoted. These quotes were acquired from Rates.ca using a specific driver profile: a 40-year-old male driver with 16 years of continuous insurance history, driving a four-door Honda Civic that is approximately five years old at the time of quoting.
Very young men tend to pay more for car insurance than young women. We made our driver persona 40-years-old because the differences in premiums for men and women tend to resolve by then. We also made it male to avoid understating the premiums.
From there, we matched the FSAs to their corresponding city, town, or community, along with the number of quotes we received from real Rates.ca users in that area. The average premium for each municipality was weighted based on the number of quotes.
The estimated premium for all of Ontario was calculated by averaging the municipal averages.
Key numbers: Oakville car insurance
- Drivers in Oakville pay an average of $181 per month and $2,167 per year for car insurance.
- Oakville is 122nd out of 181 Ontario communities for car insurance affordability.
- Rates vary by postal code within Oakville. Premiums are lowest in L6L at $2,086 and highest in L6J at $2,213.
- After years of increases, premiums are stabilizing — now is a good time to shop around and compare quotes.
As of March 2026
Changes coming to Ontario car insurance in 2026
Car insurance prices in Ontario will continue rising in 2026, but not as sharply as they did in 2023. Still, many drivers may notice higher premiums when their policies renew this year.
- Factors like increasing healthcare costs, cars being more high-tech, and auto theft are leading to higher insurance claims payouts. Insurance companies have raised premiums to cover these costs.
- On July 1, new rules will also change how accident benefits work in Ontario. Some benefits that used to be included automatically will now become optional.
- If you get a new policy after July 1, many accident benefits will not be included unless you ask for them.
- Choosing to do away with the newly optional accident benefits may save up to 5%, but you could lose access to tens of thousands of dollars in critical benefits.
- With the cost of everything rising, it can be tempting to cut down on coverage. Comparing car insurance quotes can help you save without giving up protection.
Oakville auto insurance rates compared to the GTA
According to Rates.ca data, drivers in Oakville pay about $2,167 per year for auto insurance as of March 2026.
Drivers here pay premiums that are higher than in Burlington, which is the cheapest city for car insurance in the GTA at $2,109 per year.
However, insurance costs in Oakville are lower relative to the premiums in Brampton, the most expensive city in the region at $3,802 per year.
Compared to the GTA’s overall average premium ($3,072), car insurance rates in Oakville are 29.45% lower.
Car insurance premiums depend on many factors, such as the number of claims in an area, the amount of time drivers spend on the road, and each driver’s personal and insurance history.
Oakville vs. the GTA: average car insurance rates (2026)
| Rank | City | Annual premium | Difference vs. Oakville (%) |
|---|---|---|---|
| 1 | Burlington | $2,109 | -2.68% |
| 2 | Oakville | $2,167 | 0.00% |
| 3 | Uxbridge | $2,175 | 0.37% |
| 4 | Port Perry | $2,193 | 1.20% |
| 5 | Whitchurch-Stouffville | $2,203 | 1.66% |
| 6 | Newcastle | $2,235 | 3.14% |
| 7 | Sunderland | $2,260 | 4.29% |
| 8 | Orono | $2,269 | 4.71% |
| 9 | Newmarket | $2,275 | 4.98% |
| 10 | Halton Hills | $2,317 | 6.92% |
| 11 | Georgina | $2,380 | 9.83% |
| 12 | Milton | $2,384 | 10.01% |
| 13 | Aurora | $2,397 | 10.61% |
| 14 | East Gwillimbury | $2,399 | 10.71% |
| 15 | Bowmanville | $2,407 | 11.08% |
| 16 | Courtice | $2,435 | 12.37% |
| 17 | Whitby | $2,483 | 14.58% |
| 18 | Richmond Hill | $2,491 | 14.95% |
| 19 | Oshawa | $2,559 | 18.09% |
| 20 | Pickering | $2,650 | 22.29% |
| 21 | Ajax | $2,692 | 24.23% |
| 22 | Caledon | $2,794 | 28.93% |
| 23 | Downtown Toronto | $2,888 | 33.27% |
| 24 | King City | $2,894 | 33.55% |
| 25 | Markham | $2,900 | 33.83% |
| 26 | Mississauga | $3,078 | 42.04% |
| 27 | Scarborough | $3,180 | 46.75% |
| 28 | East York | $3,207 | 47.99% |
| 29 | Vaughan | $3,259 | 50.39% |
| 30 | Etobicoke | $3,277 | 51.22% |
| 31 | North York | $3,348 | 54.50% |
| 32 | Brampton | $3,802 | 75.45% |
GTA average premium: $3,072
Updated March 2026
Oakville car insurance rates by postal code
The lowest average premium in Oakville is found in the L6L area, where drivers pay $2,086 annually. Meanwhile, drivers in L6J have the highest average premiums at $2,213 per year.
Car insurance rates in Oakville vary by postal code. Differences in neighbourhood characteristics — such as claims frequency, collision rates, theft patterns, and traffic density — influence what drivers in any given area pay, since insurers use these factors to predict how likely customers will be to file a claim.
Oakville car insurance: average premiums by postal code (2026)
| Rank | Postal code | Annual premium | Monthly premium |
|---|---|---|---|
| 1 | L6L | $2,086 | $174 |
| 2 | L6K | $2,101 | $175 |
| 3 | L6M | $2,165 | $180 |
| 4 | L6H | $2,202 | $184 |
| 5 | L6J | $2,213 | $184 |
Why we don't show complete postal codes
The first three characters of your postal code signfy the forward sortation area (FSA). An FSA covers a specific geographic region used to sort and deliver mail. Each FSA contains multiple postal codes.
Auto insurers also use FSAs to understand risk in an area. For example, if an FSA has more accidents or vehicle thefts than average, insurers may see that area as higher risk. This can lead to higher insurance premiums for people who live there.
We look at premiums at the FSA level because it shows clearer, more reliable pricing patterns. Since each FSA contains many postal codes, using the whole FSA helps smooth out small differences between individual addresses and gives a more accurate view of trends in your area.
Recent auto insurance quotes in Oakville
Recent auto Insurance Quote from Oakville, Ontario
Female, 30 years old
2026 FORD BRONCO 4DR 4WD
June 10, 2026
Cheapest Quote
$ 275 / month
$ 3,294 / yearAverage Quote
$ 333 / month
$ 4,001 / yearSavings
$ 59 / month
$ 707 / year
18 %
Recent auto Insurance Quote from Oakville, Ontario
Female, 62 years old
2009 TOYOTA RAV4 LIMITED 4DR 4WD
June 10, 2026
Cheapest Quote
$ 35 / month
$ 418 / yearAverage Quote
$ 85 / month
$ 1,020 / yearSavings
$ 50 / month
$ 602 / year
59 %
Recent auto Insurance Quote from Oakville, Ontario
Female, 21 years old
2021 HYUNDAI ELANTRA N-LINE 4DR
June 10, 2026
Cheapest Quote
$ 419 / month
$ 5,027 / yearAverage Quote
$ 714 / month
$ 8,572 / yearSavings
$ 295 / month
$ 3,545 / year
41 %
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Echelon Insurance, Economical Insurance, Gore Mutual, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company
The best car insurance companies of 2026
Drivers should always compare multiple quotes to find the best policy for their needs, and that doesn’t always mean the lowest-priced premium. Instead, a great rate should provide value and quality, with attentive customer service, an easy claims process, and personalized policy offerings.
The Rates.ca Annual Best Auto Insurance Study surveyed 14,676 auto insurance customers in Ontario about their experiences with Canada’s top auto insurance providers. These customers are from five major insurance brokerages that collectively serve more than 220,000 personal line customers.
Customers were asked about their satisfaction levels across multiple categories, from claims processing to ease of communication, as well as coverage options and overall trustworthiness.
Here are the top-ranking auto insurance companies in 2026.
Rates.ca Annual Best Auto Insurance Study 2026
CAA Insurance Company
About the winner
CAA Insurance Company ranks as the top insurer for the third year in a row, also placing first in: Most Trustworthy, Best Product & Value, and Best Communication & Clarity.
Customers praise its low rates and strong claims service. Many use its recommended repair shops.
Its products address real needs, like MyPace, which rewards low-mileage drivers skeptical of traditional usage-based insurance.
Key takeaways
- CAA Insurance leads the market with strong customer satisfaction.
- Competitive rates are the top reason customers choose it.
- The company scores highly for product value, meeting customer needs, and policy innovation.
- It also excels in communication clarity, with nearly all respondents satisfied with their policy documents and over half reporting they are very satisfied.
Intact Insurance
About the winner
Intact Insurance achieved outstanding scores for its claims process. Customers find Intact reps easy to reach, knowledgeable, and proactive. The vast majority report quick claims resolutions.
Over half of customers bypassed their broker and went straight to Intact, underscoring its reputation for hassle-free service.
Of all insurers, Intact Insurance customers are also the most likely to use the company’s app for updates.
Key takeaways
- Intact Insurance is a trustworthy brand, according to the majority of customers surveyed.
- Top-ranked for ease of its claims process; customers say it’s clearly outlined and that reps are helpful.
- Quick claims handling drives satisfaction, with nearly two-thirds of those very satisfied.
- Intact Insurance customers are more likely to reach out directly than calling their broker.
Northbridge Insurance
About the winner
Northbridge Insurance promises quick support: calls are answered within 20 seconds, and an adjuster follows up within three hours.
This speed and efficiency helped drivers rank it among Canada’s best car insurers.
It earns strong marks for claims experience, and customers say it delivers solid value for the premiums they pay without compromising service.
Key takeaways
- Northbridge Insurance is a trustworthy brand according to survey respondents.
- Earned top marks for claims experience across virtually all aspects of the claims process
- Ease of claims handling and expert representatives are key strengths for Northbridge Insurance.
- High ratings for product offerings and overall value.
How we got our ranking
To properly evaluate how great an insurance company is, you have to look way beyond online reviews. In collaboration with Pollara Strategic Insights, we surveyed 14,676 drivers in Ontario about their interactions with their insurers and specific experiences when filing claims to capture new trends and evolving expectations.
According to our methodology, we also asked them to rate their satisfaction with their insurance companies across a few critical areas, including: brand trustworthiness, claims experience, communication, products and billing.
This year, we also expanded the field and allowed insurers to rank for the following titles:
- Best Overall
- Most Trustworthy
- Best Auto Claim Experience
- Best Product & Value
- Best Communication & Clarity
To find the best overall scores, we took the scores for each survey category and weighted averages based on customer demographics, brokerage and insurance carrier.
Mandatory and optional auto insurance in Oakville
| Protection type & status | Coverage details & risks |
|---|---|
| Third-party liability [MANDATORY] | $200,000 minimum in coverage is required. Provides coverage in the event of a lawsuit resulting from an accident where you are at fault. Ontario drivers are encouraged to buy at least $1M in third-party liability insurance. |
| Accident benefits: Basic medical & rehab [MANDATORY] | Provides coverage if you are injured in an accident, regardless of who is at fault. Covers medical expenses that aren’t covered by OHIP. |
| Accident benefits: Income & family support [OPTIONAL] | Replaces lost wages, caregiver costs, and funeral expenses. After July 1, 2026, this coverage is no longer included by default on new policies; you must actively opt-in to keep your income safety net. Renewing policies will keep this coverage. |
| Uninsured automobile [MANDATORY] | 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. |
Direct compensation property damage [OPTIONAL] | DCPD is a standard coverage. It covers damage to your car, or loss of use of your vehicle, if someone else is at fault. DCPD is automatically included in all policies, but an insurance professional can remove it using form OPCF 49. Insurance experts, as well as the Ontario regulator, warn against this. |
| Collision [ADD-ON] | Covers the costs of repairing or replacing your vehicle following a collision with another vehicle, an object, or property. Usually required for leased vehicles. |
| Comprehensive [ADD-ON] | 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. Usually required for leased vehicles. |
| Specified perils [ADD-ON] | 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 [ADD-ON] | Combines collision/upset and comprehensive coverage. Also provides additional protection if a household member or an employee steals your vehicle. |
| OPCF 20: Replacement vehicle [ADD-ON] | 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: Rental car liability [ADD-ON] | Covers if you damage a borrowed or rental vehicle. The coverage limit is usually around $25,000 to $50,000. |
| OPCF 39: Accident forgiveness [ADD-ON] | Protect your premium from rising when you have your first at-fault accident. |
| OPCF 43: Depreciation waiver [ADD-ON] | 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 [ADD-ON] | Increases your coverage if you're injured or killed in a collision involving an underinsured, uninsured, or unidentified driver. This coverage also applies if you or a family member is injured as a passenger, pedestrian, or cyclist. |
| OPCF 49: DCPD opt-out [ADD-ON] | Removes DCPD coverage from your insurance policy. |
| Legend | Essential: Critical coverage you should always have, with few exceptions Caution: Think carefully before removing Optimal: Useful add-on |
Factors that affect your Oakville car insurance premium
Your driving record
A track record free of traffic convictions (minor ones include speeding; major ones are considered driving under the influence, driving without a licence or insurance) ensures you pay the lowest possible rate.
If you’re convicted under the Highway Traffic Act, it will remain on your insurance record for six years (potentially more).
It takes time to reap the benefits of driving safely, but it’s guaranteed to work. If you put in the work and stick to it, you’ll see your premium shrink each time your insurance policy renews.
Your insurance history
Your insurance history also impacts your rate, as the past is a strong indicator of future behaviour, according to insurance actuaries (insurance professionals whose job is to calculate and forecast risk).
Do the following to build a strong relationship with your insurance company — and get a cheaper insurance rate:
- Pay your premium on time
- Tell the truth about the car you’re insuring and where you live.
- Be selective about filing claims – pay out of pocket when you can.
- Practice defensive driving.
Drivers in their teens and twenties are charged some of the highest rates of any demographic because they haven’t yet acquired a long enough history with any insurer.
However, by doing the above, you're ensuring that you won’t be surcharged for coverage and that by your mid-twenties, your rates will go down.
Your coverage
Buying more insurance than what’s required by the provincial government will increase your premium, but it will also save you thousands of dollars if you ever get into a major accident.
Legal and medical expenses have increased steeply since the mandatory requirements were set.
Insurance professionals often recommend purchasing at least $1 million in third-party liability insurance — four times the legal requirement.
Another scenario where it makes sense to buy more insurance is when you have a newer car, or one that you can’t afford to repair or replace out of pocket. In that case, collision and comprehensive insurance is likely worth having.
An insurance professional can help you decide which coverages you can afford to buy more of and which you can reduce.
Your neighbourhood
Insurance companies pool money from customers within a geographic area to fund settlements. Insurance companies use forward sortation areas (FSA) to draw boundaries, which are more commonly known as the first three characters in your postal code.
Depending on claims activity within an FSA, premiums can be high or low. More claims result in higher premiums and vice versa.
Your commute
The more you drive, the higher your car insurance premium.
That’s because the likelihood of you filing a claim increases when you drive frequently and for long distances. If possible, substituting the car with GO Transit can for your daily commute can help reduce your car insurance costs.
Tips on getting cheap car insurance in Oakville
Here are some tactics you can try to lower your Oakville car insurance premium.
- Compare quotes: The consumer protection agencies on the provincial and federal levels recommend comparison shopping before you ink a contract with a car insurance company. Rates.ca makes shopping around easy by aggregating quotes from Canadian insurance providers.
- Get the appropriate amount of coverage: Having the right amount of insurance coverage is extremely important. We definitely don’t recommend lowering your coverage just to get a cheaper premium. It’s far cheaper to pay a premium than it is to pay for legal and medical expenses out of pocket.
However, if you have collision and comprehensive insurance on a car that’s over five years old, you might be able to get away with dropping those coverages. After five years, many cars depreciate to the point where it’s cheaper to pay out of pocket to repair or replace them. Before you remove those coverages, you should speak with an insurance professional.
We also recommend increasing the policy limits for accident benefits and third-party liability insurance. For the latter, it’s recommended to buy at least $1 million dollars in coverage, which is four times the legal minimum required.
- Bundle home and auto insurance: Bundling home and auto coverage with the same insurance company can reduce your annual insurance costs by 15% or more.
- Try telematics or usage-based insurance (UBI): Telematics technology allows insurance companies to monitor your driving habits through sensors and GPS. Some of what it can detect are braking speed, average speed, and distance travelled. Several insurance companies operating in Ontario offer discounts for drivers who install a telematics device into their car’s diagnostic port and who demonstrate good driving behaviour over the course of a year.
Joining a telematics program can lower your premium by as much as 25% at renewal. However, in Ontario, insurers can now surcharge you if the data shows you haven’t been a careful driver.
UBI is a product that relies on telematics technology, but its concern is how many kilometres you drive rather than how you’re driving. You pay for a set number of kilometres up front (about 10,000-12,000 kilometres per year), so you’re rated as a low-mileage driver. Then for every extra 1,000 kilometres you log, you pay extra. UBI essentially helps you control your premium a bit more, so you’re paying for what you use and nothing more.
- Drive less: If you think a UBI policy might be too restrictive, you can still lower your insurance costs by cutting back on driving. Actuarial data has long shown that spending more time on the road increases the probability that you’ll need to file an insurance claim — and claims will raise your insurance premium. That’s why insurance companies charge high-mileage drivers more than ones who drive less than 10,000 kilometres per year.
- Increase your deductible: A deductible is the amount a policyholder pays for a claim before the insurance company pays a settlement. Sometimes an insurer will lower your premium if you offer to pay a higher deductible because you save the insurance company money if you offer to shoulder more of the risk.
- Apply for discounts: Insurance companies offer discounts for union memberships, profession, and alumni status. For younger drivers, some insurers offer discounts for maintaining a certain grade point average. Ask an insurance professional about all the discounts that may apply to you.
- Avoid additional drivers: Adding a second driver will raise your insurance premium, even if the secondary driver has a good driving history. You might want to ask them to chip in on insurance.
- Pay for the year upfront: It’s not feasible for every driver, but if you can, paying your entire insurance bill upfront can lower your insurance premium. You’re saving the insurance company money on overhead costs.
- Buy an endorsement: Endorsements are optional insurance products that you can add to your policy. They’re different from regular products because they change the terms of your contract (I.e., your insurance policy). Ontario allows you to purchase some endorsements that reduce your coverage for some risks. For example, you can waive coverage for glass repair in exchange for a lower premium. Speak with an insurance professional to see if the pros of such a move outweigh the cons.
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Frequently asked questions about car insurance in Oakville
Have more questions about auto insurance? We've got answers.
How do insurance companies calculate rates for drivers in Oakville?
When it comes to calculating rates for drivers in Oakville, insurance companies take several different factors into consideration, including:
- Driving history. Your driving history will weigh heavily when insurers assess and calculate your risk profile. Having a history of infractions such as speeding tickets or careless driving will result in higher premiums compared to someone with no infractions on their record. Be sure to obey the rules of the road and practice defensive driving any time you hit the road.
- Your mileage. How much you drive will affect your car insurance rates in Oakville. Someone who drives 30-45 minutes to and from work each day will have higher premiums than someone who only uses their vehicle to run the occasional errand.
- Your postal code. Where you live in Oakville can have an impact on your insurance rates. Different neighbourhoods can have significantly different rates if one area has a high number of claims.
- Your age. Like it or not, your age is another factor that can have an impact on your insurance rates in Oakville. Because they lack experience behind the wheel, young drivers are statistically more likely to be involved in traffic collisions. This results in higher premiums. Drivers in their thirties and beyond are often able to obtain the lowest rates.
- Your policy. The amount of coverage you choose will also affect your premium, with more coverage resulting in increased premiums. In Ontario, you are required to have minimum coverage amounts, including third-party liability, accident benefits, uninsured automobile insurance, and direct compensation property damage (DCPD).
- Insurance history. Your insurance history is also important when determining your insurance rates in Oakville. Drivers who have filed multiple claims or have a history of missing payments may be given a higher rate. New immigrants are also likely to have higher rates due to their lack of Canadian insurance history.
Which company has the cheapest car insurance in Oakville?
The best way to find out is to compare quotes from multiple insurance companies.
Car insurance is a custom product based on your individual driving and insurance history and car. No insurance company will offer you flat-rate coverage.
Plus, insurance companies have different underwriting standards, meaning they have different tolerances for risk and charge drivers accordingly.
Rates can vary by hundreds of dollars — that's why it's essential to compare car insurance companies before you buy a policy.
Which cars get the cheapest car insurance premiums in Oakville?
The vehicle you drive has a big impact on your insurance bill.
Insurance companies look at an individual's risk, but they also factor in the so-called ‘physical risk’, which is purely based on the make and model of the car.
Insurance companies maintain detailed records about the repair costs for every kind of vehicle on the road in Canada.
Cars are then given a rating based on the Canadian Loss Experience Automobile Rating (CLEAR) system. The rating attaches a dollar figure to the physical risk associated with your car.
Vehicles that are rated well for safety, don’t require special parts and labour, and have low theft rates are often more affordable to insure.
Using the Rates.ca auto insurance quoter, we’ve determined which of the most popular car models are the cheapest to insure. In order, they are:
- GMC Sierra 1500 (2WD)
- Chevrolet Silverado 1500 (2WD)
- Ford F-150 XL (2WD)
- Ram Pickup 1500 (2WD)
- Hyundai Kona Essential
- Honda CR-V LX
- Nissan Rogue S
- Toyota RAV4 LE
- Toyota Corolla L
- Honda Civic LX
To see the average annual premium for these vehicles and to see which lower-cost vehicles are cheapest to insure and which are cheapest to insure by body type, see Rates.ca's complete ranking.
Can I get month-to-month car insurance in Oakville?
Car insurance companies operating in Ontario don’t offer month-to-month insurance. Some do offer six-month contracts, however. The latter aren’t offered by most insurance companies, so you may have to sign up for a standard policy and cancel your insurance when you no longer need it. There is usually a fee for doing so.
Another option is pay-as-you-go insurance, also known as usage-based insurance (UBI). A relatively new product in Ontario, it’s geared toward low-mileage drivers. You purchase coverage for a base number of annual kilometres (typically 10,000 km), and you pay extra for any kilometres you drive on top of that. To get UBI, you have to agree to install a device in your car that monitors the number of kilometres you drive.
Purchasing an endorsement is another way to access short-term insurance. For example, some allow you to pause your coverage. O.E.F. 16 Agreement for Suspension of Coverage Endorsement pauses your insurance when your vehicle is in storage.
Talk to an insurance professional about your options for short-term insurance.
How do I get car insurance as a new driver in Oakville?
Congrats on earning your driver’s licence. If you’re planning on buying your own car, you’ll need to insure it. You’ll go about buying insurance the same way a more experienced driver would: by going through an insurance agency, brokerage, or quote comparison site like Rates.ca.
An insurance agent shows products sold by the company they work for. Brokers can show you policies from multiple insurance companies, but only ones they’ve partnered with.
This is where rate comparison sites come in.
We include insurance companies and brokerages in our digital marketplace, filling the gaps left by the traditional insurance industry.
In less than three minutes, you'll be able to see the rates from 50+ insurance providers, starting with your lowest one.
How do I get car insurance as a new driver who’s not in their teens?
You can get car insurance from an insurance agency, a brokerage, or a rates comparison site like Rates.ca.
One thing to prepare for is that you might be charged a higher premium, even if you are over age 25 because you don’t have an insurance history as long as someone who has been insured since gaining their full licence at age 18.
Is ridesharing insurance available in Oakville?
Yes, ride-share insurance is available in Ontario, including Oakville. Rideshare companies operating in the province provide insurance to drivers.
Here’s how it works: commercial insurance applies from when you turn on the app to when you accept fares. When you’re not logged in, your personal insurance goes into effect again.
The Financial Services Regulatory Authority of Ontario lists all the recognized rideshare platforms and the insurance companies that underwrite commercial insurance for drivers:
- 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
Oakville car insurance rules and regulations you need to know
Oakville is a car-centric city, with drivers hopping on and off the nearby 400-series highways all day. If you live in Oakville, driving is likely a part of your everyday routine, and your household may even have more than one vehicle. Despite so many cars on the road — congestion is a risk factor for high insurance rates — auto insurance in this suburb is cheaper than in many other major GTA cities.
Oakville drivers who want to get the best available deal on their auto insurance premiums can get the best rates by comparing quotes online. All it takes is some basic info and a couple of minutes to get started.
Rates.ca makes it easy to compare auto insurance quotes from multiple Oakville insurance companies. Plus, it’s completely free.
All drivers in Ontario must have car insurance for their vehicle to operate it legally. At a minimum, you must hold third-party liability, accident benefits, and direct compensation property damage (DCPD).
Oakville follows Ontario’s auto insurance system, which can be described as a limited no-fault system.
No-fault insurance in Oakville
‘No-fault’ means that drivers deal with their insurance company after they've been in an accident and need to file a claim. This means your accident benefits (and sometimes the cost of repairing or replacing your car) will be paid by your insurer — you won't need to sue the other party for compensation.
It’s a 'limited' no-fault system since Ontario drivers have the right to sue for damages (pain and suffering, for example). In a pure no-fault system, drivers don't have the ability to sue.
Another hallmark of no-fault car insurance systems is direct compensation property damage (DCPD). This feature pays for damage to your car. The settlement is proportionate to the final fault assessment. For example, if you were 75% responsible for an accident, your DCPD will cover 25% of the cost of repairing your car. If you’re 100% at fault, you get nothing.
In 2024, Ontario drivers will have the ability to remove DCPD coverage from their insurance policies for a cheaper rate.
Ontario car insurance price regulation
Ontario has a private insurance market, meaning drivers purchase insurance from private companies.
This differs from other provinces, where drivers purchase coverage from a public, provincially-run insurance provider.
To ensure that private companies offer fair prices to consumers, the Ontario government regulates car insurance prices. The body in charge of doing this is the Financial Services Regulatory Authority of Ontario (FSRA).
Its mandate is to ensure that premiums remain affordable but are also enough to keep insurance companies solvent. Insurance companies must submit requests to FSRA to change rates along with a justification for the increase or decrease. FSRA publishes approvals soon after.
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Alexandra Bosanac, Content Manager
Alexandra Bosanac has been a content manager for Rates.ca 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 Rates.ca editorial team, she reported for the Canadian Business, the Toronto Star, the National Post, and the CBC.
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Disclaimers
*More than 50% of Rates.ca users in Ontario who obtained an auto insurance quote from January to December 2025 saw savings ranging from $250 to $1,050, with an average savings of $583.87. The average savings amount represents the difference between the users’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by Rates.ca.
**The Registered Insurance Brokers of Ontario (RIBO) is the self-regulatory organization in charge of overseeing insurance brokers working in the province. Its mandate is to protect the public by ensuring that brokers meet provincial standards for licensing, professional competence, and ethical conduct. It maintains a public database of registered brokers, which displays a broker's licensing status and their standing within RIBO.