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Ontario Car Insurance Rate Tracker

Find out which Ontario auto insurance companies had rate increases or decreases this quarter.

Ontario auto insurance rate changes

In Ontario, every insurance company must apply to the Financial Services Regulatory Authority of Ontario (FSRA) if they want to increase (and sometimes decrease) their rates. FSRA makes these rate changes publicly available and publishes them on a quarterly basis. We keep track of the approved changes from each of the last four quarters (one year), to help you keep an eye on the latest Ontario auto insurance rate trends.

Compare approved rate changes

Easily view each company's approved rate changes with RATESDOTCA's Ontario Auto Insurance Rate Tracker. Select your preferred insurance companies to see the latest rate changes.

Insurer Approved Rate Change Insurer Group Renewal Effective Date

Ontario Auto Insurance Approved Rate Changes for 2021

 

Insurer

Insurer Group

Market Share (%)

Approved Rate Change (%)

Renewal Effective Date

Total Avg market impact

Aviva General Insurance Company

Aviva

4.11%

0.00%

January 1, 2021

0.0000%

Gore Mutual Insurance Company

Gore

1.43%

-4.96%

January 1, 2021

-0.0711%

Heartland Farm Mutual Inc.

Heartland

0.30%

-0.42%

January 1, 2021

-0.0013%

Belair Insurance Company Inc.

Intact

4.96%

-1.85%

January 15, 2021

-0.0918%

Federated Insurance Company of Canada

Northbridge

0.03%

0.00%

January 15, 2021

0.0000%

TD General Insurance Company

TD

1.82%

0.00%

January 15, 2021

0.0000%

Security National Insurance Company

TD

6.53%

0.00%

January 15, 2021

0.0000%

Primmum Insurance Company

TD

1.51%

0.00%

January 15, 2021

0.0000%

Portage la Prairie Mutual Insurance Company (The)

Portage

0.18%

-0.03%

February 1, 2021

-0.0001%

Co-operators General Insurance Company

Co-op

7.17%

0.34%

February 7, 2021

0.0244%

Commonwell Mutual Insurance Group (The)

Commonwell

0.63%

-0.10%

March 1, 2021

-0.0005%

Allstate Insurance Company of Canada

Allstate

5.33%

0.00%

March 15, 2021

0.0000%

Pembridge Insurance Company

Allstate

2.05%

0.00%

March 15, 2021

0.0000%

Dominion of Canada General Insurance Company (The)

Travelers

3.70%

0.00%

April 1, 2021

0.0000%

Farm Mutual Reinsurance Plan Inc. (on behalf of Ontario Mutuals)

FMRe

1.80%

0.00%

May 1, 2021

0.0000%

Wawanesa Mutual Insurance Company (The)

Wawanesa

3.75%

-0.04%

May 1, 2021

-0.0015%

Economical Mutual Insurance Company

Economical

5.9706%

-0.11%

May 1, 2021

-0.0066%

Verassure Insurance Company

Northbridge

0.0631%

-0.02%

May 13, 2021

0.0000%

Echelon Insurance

CAA

1.2840%

0.00%

July 1, 2021

0.0000%

Heartland Farm Mutual Inc.

Heartland

0.3029%

-4.95%

July 1, 2021

-0.0150%

Sonnet Insurance Company

Economical

0.8353%

0.96%

July 17, 2021

0.0080%

2021 Q1 avg market impact
-0.14%
2021 Q2 avg market impact
-0.01%
2021 overall market impact
-0.16%

*Based on last published market share of 2019.

Ontario Auto Insurance Rate Changes 2020

 

Insurer

Insurer Group

Market Share (%)

Approved Rate Change (%)

Renewal Effective Date

Guarantee Company of North America (The)

Intact

0.62%

7.54%

January 15, 2020

Traders General Insurance Company

Aviva

1.61%

0.00%

February 1, 2020

Scottish & York Insurance Co. Limited

Aviva

1.12%

11.05%

February 1, 2020

Aviva Insurance Company of Canada

Aviva

6.00%

5.41%

February 1, 2020

Zenith Insurance Company

Northbridge

0.48%

4.93%

February 15, 2020

Western Assurance Company

RSA

1.15%

5.00%

February 15, 2020

COSECO Insurance Company

Co-op

1.35%

10.12%

March 1, 2020

Echelon Insurance

CAA

0.92%

5.00%

March 1, 2020

SGI CANADA Insurance Services Ltd.

SGI

0.37%

9.99%

March 1, 2020

Royal & SunAlliance Insurance Company of Canada

RSA

1.09%

5.00%

March 19, 2020

CUMIS General Insurance Company

Co-op

0.41%

0.36%

April 1, 2020

Unica Insurance Inc.

La Capitale

0.55%

4.78%

April 1, 2020

Unifund Assurance Company

RSA

3.09%

3.00%

April 1, 2020

Pafco Insurance Company

Allstate

0.32%

5.00%

April 7, 2020

Novex Insurance Company

Intact

1.00%

0.00%

April 10, 2020

CAA Insurance Company

CAA

1.58%

3.95%

April 15, 2020

S&Y Insurance Company

Aviva

1.12%

6.31%

May 1, 2020

Personal Insurance Company (The)

Desjardins

4.23%

3.85%

May 21, 2020

Certas Home and Auto Insurance Company

Desjardins

9.29%

4.96%

May 21, 2020

Certas Direct Insurance Company

Desjardins

2.98%

3.94%

May 21, 2020

Economical Mutual Insurance Company

Economical

6.82%

4.09%

May 29, 2020

Verassure Insurance Company

Northbridge

0.00%

0.00%

September 15, 2020

Sonnet Insurance Company

Economical

0.74%

0.00%

November 15, 2020

Intact Insurance Company

Intact

8.09%

-2.15%

December 18, 2020

Jevco Insurance Company

Intact

0.65%

0.00%

December 18, 2020

 

 

2020 Q1 average market impact
0.85%
2020 Q2 average market impact
1.28%
2020 Q3 average market impact
0.0%
2020 Q4 average market impact
-0.17%

The data used is courtesy of the Financial Services Regulatory Authority of Ontario (FSRA). The amounts shown are percentage changes in each carrier's average rate approved each quarter.

This chart represents a small sample of the insurance carriers in Ontario; however, the providers listed are the ones who in the last year had a rate change approved. Errors and omissions are unintentional. Additionally, the rate changes listed are the average for the company. An insured person could see their rates increase or decrease more or less than indicated.

*Based on last published market share of 2019.

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Save on Ontario auto insurance

Auto insurance rates change often, so how do you know if you're still getting the best deal? By comparing car insurance quotes upon renewal and at other key milestones (such as when you buy a new vehicle, or more to a different neighbourhood) you can make sure your rates remain competitive. Save money by comparing Ontario car insurance quotes today.

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