Cheapest Car Insurance Quotes in Kitchener

No insurance company offers flat-rate insurance. Premiums are determined by how much risk an individual within a particular geographic territory presents.

That means the price offered to you by one company could be vastly different from what your friends and family pay. The best way to find out which company offers the cheapest rate is to compare quotes from multiple companies. 

The answer to that question will be different for everyone. Car insurance is an entirely different animal compared to other goods and services. Compare car insurance companies to see which can offer enough protection at the lowest price.

Unlike pay-as-you-go phone plans, month-to-month car insurance doesn't exist in Ontario. Insurance companies require a one-year commitment in return for coverage. Some insurers offer terms of six months, but they're few and far between.

You could purchase a one-year insurance policy and terminate it when you stop needing it. You will be charged a fee for doing so, but usually isn't too stiff.

Another alternative is usage-based insurance. It's a relatively new product in Canada that's best suited for low-mileage drivers. Here's how it works: you pay a base rate and a set number of kilometres (usually 1,000 kms) and then pay extra for every additional 1,000 km you drive. Installing a device that monitors your car usage is a requirement.

You could also purchase an endorsement that allows you to pause your coverage if you store your car. It’s known as OPCF16, Suspension of Coverage. 

The same way any other driver would. The traditional approach for obtaining insurance is to go to an insurance agent or broker.

Now, you can compare multiple insurance companies and brokerages in one go using a rates comparison site like RATESDOTCA.

New drivers, regardless of age, can expect to be charged higher than average premiums, making shopping around even more critical. Inexperienced drivers may pay the most, but our quote data shows they stand to find the most significant savings of any group.

Start a quote on RATESDOTCA and see which company or broker offers your lowest rate.

Yes, ride-sharing insurance is available throughout Ontario. The largest rideshare companies offer insurance to drivers. For example, Uber provides drivers rideshare insurance, which is underwritten by Economical insurance. If you're with another insurer, don't worry; ride-sharing insurance won't conflict with your personal policy. Rideshare platforms have partnered with insurers to provide commercial insurance coverage from the moment you turn the app to when you turn it off. When you log off, your personal insurance applies.

The Financial Services Regulatory Authority of Ontario (FSRA) maintains a list of all the recognized rideshare apps and the insurance companies that underwrite their driver policies:

• 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
  

Car insurance is quite affordable in Kitchener compared to the average premiums in the Greater Toronto Area. However, prices will likely rise in the coming years, but likely at a different rate than other cities like Vaughan or Brampton.

Due to a growing downtown core and a thriving tech-focused job market, many young professionals rely on their cars to get to work. When roads get busier, commute times increase — and so do the chances of getting into accidents or a fender bender. All of these factors eventually lead to car insurance rate increases. Drivers in Kitchener-Waterloo can save big on auto insurance simply by shopping around. The Financial Services Regulatory Authority of Ontario (FSRA) recommends getting multiple quotes from different companies to save on auto insurance.

Kitchener is the fourth largest city in Ontario. An estimated 522,888 people lived and worked in Kitchener, according to the 2021 census, representing an increase of 10.5% since 2016. The Region of Waterloo is renowned for its universities and colleges like the University of Waterloo, Wilfrid Laurier University, and Conestoga College. The region is also home to a buzzing tech scene. Tech and software companies like Google, Electronic Arts, Blackberry, and Open Text, to name a few, have headquarters there. In addition, a significantly lower cost of living has made Kitchener a desirable city. 

These reasons contribute to more vehicles on Kitchener's streets and, in some cases, higher insurance premiums. Compare quotes today to find out if you could get a better deal on your KW car insurance.

The best way to keep your insurance costs low is to maintain a clean driving record, free of traffic tickets and claims. Of course, there are other ways to lower car insurance rates.

• Consider insuring all the vehicles in your household together.
• If you have home insurance, consider purchasing car insurance from the same insurer for a multi-line discount.
• Take advantage of low mileage discounts.
• Think about dropping collision or comprehensive coverage on older cars.
• Install an anti-theft device in your vehicle.
• Take an accredited ministry-approved driver’s education course.
• Increase your deductible amount.
• Take advantage of alumni discounts
• Ask the insurance company about their list of discounts you might be eligible for. 

Yes, use public transit whenever possible. Commuting via transit can save you money on your car insurance, as the less you drive, the more you save. Commuting happens when roads are busiest, increasing your likelihood of being in an accident. Thankfully, you have options in Kitchener. 

The Grand River Transit serves Kitchener, Cambridge, and Waterloo. There is also daily GO bus and train service to Toronto. The ION light rail service starts at Conestoga station in Waterloo and ends at Fairway station in Kitchener, with 19 stops along the route. Shave some bucks off your car insurance by switching your commute to public transit.