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Updated
By law, all drivers in Ontario must have valid car insurance, and the city of Vaughan is no exception.
Whether you own, lease or drive a vehicle, you must carry valid auto insurance. Otherwise, you are looking at a fine ranging from $5,000 to $50,000, in addition to a driver’s license suspension and vehicle impoundment. If that’s not enough, car insurance companies can label you as ‘high-risk’ and start charging you a higher premium.
So, don’t break the law. Purchase your auto insurance.
Thankfully, in Ontario, and by extension, Vaughan, you have plenty of choices. You can start by researching the following:
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| 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. | 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 |
Vaughan has the highest auto insurance rates in Ontario, with the average sitting at $2,179 per year, or about $182 per month, according to the RATESDOTCA Insuramap. To calculate the average, we’ve combined the rates in areas such as Woodbridge, Thornhill, Concord, Kleinburg and Maple.
The Ontario rates overall are lower than what they used to be, especially before the pandemic. Fewer people driving during those years meant fewer accidents, and thus, fewer claims. Since the many absorb the losses of the few in the insurance world, the rates went down as well. However, with more drivers out on the roads again, as of 2022, this is unlikely to last.
If you are wondering why Vaughan, specifically, has the highest rates, there is no clearcut answer. But part of the reason is its inclusion in the Greater Toronto Area, which has some of the busiest roads and highways in the province. In fact, Highway 401, which passes through the GTA, is the busiest highway in North America. As you may have guessed, more traffic equals more claims, and not before long, higher premiums.
| POSTAL CODE | ANNUAL PREMIUM |
|---|---|
| L4K | $2,080 |
| L0J | $1,766 |
| L6A | $2,080 |
| L4J | $2,080 |
| L3L | $2,293 |
| L4H | $2,476 |
| L4L | $2,476 |
Average insurance premium numbers are according to data from RATESDOTCA Insuramap (gathered in 2022).
We’ve organized the rates the same way insurance companies group their markets – by the first segment of the postal code (otherwise known as the Forward Sortation Area, or FSA), which in Ontario denotes a particular district. If you are wondering how we have accumulated these numbers, be sure to learn about our methodology.
Now let's examine this data more closely. In 2022, Vaughan had the honour of having the most expensive car insurance in Ontario. However, by the Greater Toronto Area standards, it's not too expensive (as the average rates in Ontario have been declining since 2020). The second highest average rate is in Ajax, which is below Vaughan's by mere $75.
In terms of broader trends, it’s unlikely that Vaughan will have the highest premiums forever. But don’t expect it to suddenly have the lowest ones either, unless the GTA goes through some drastic changes. The best you can do is, perhaps, relocate to the parts of Vaughan that have lower rates.
| Company name | Company type | Phone number | Address |
|---|---|---|---|
|
AiA Insurance Brokers |
Insurance broker |
416-504-0990 |
200b-5875 Hwy 7, Woodbridge, ON L4L 1T9 |
|
Allstate Insurance: Vaughan Agency |
Insurance agency |
289-217-5206 |
3120 Rutherford Rd, Concord, ON L4K 0B1 |
|
Billyard Insurance Group |
Insurance broker |
416-367-7677 |
15B-7600 ON-27, Woodbridge, ON L4H 0P8 |
|
Clover Insurance Brokers |
Insurance agency |
905-851-7774 |
201E-3800 Steeles Ave W, Woodbridge, ON L4L 4G9 |
|
Quotes comparison |
1-855-821-7312 |
225 King St W, Suite 1000, Toronto, ON, M5V 3M2 |
|
|
Quotes comparison |
1-855-487-6911 |
401-1910 Yonge St, Toronto, ON M4S 3B2 |
|
|
St. Andrews Insurance Brokers Ltd. |
Insurance broker |
905-709-1779 |
150-240 Chrislea Rd, Vaughan, ON L4L 8V1 |
|
Quotes comparison |
1-844-726-0907 |
225 King St W, Suite 1000, Toronto, ON, M5V 3M2 |
|
|
Insurance broker |
1-866-456-6620 |
22-300 Lincoln St, Welland, ON L3B 4N4 |
|
|
TD Insurance Auto Centre |
Insurance agency |
1-888-220-6767 |
273 Milani Blvd, Vaughan, ON L4L 1A5 |
To mitigate some of the factors listed above and avoid paying an unnecessarily high insurance rate, consider the following:
Need more information on Vaughan car insurance? We got you covered.
Unfortunately, there is no easy answer to this, as insurance companies don’t normally post their rates – nor should they, given the nature of their business. That’s because insurance rates are highly individualized. Factors like your driving record, location, vehicle and others all play a role in determining your insurance rate.
That said, insurance rates are malleable to some extent. In fact, services such as RATESDOTCA have various insurers compete to deliver the lowest price possible to the consumer. So, give it a try, if you want to see it in action.
No. Insurance companies in Vaughan and the rest of Ontario (and Canada) do not offer month-to-month car insurance. A typical insurance policy will last one year. There are some companies that offer six-month insurance, but those are incredibly rare, while anything below six months is non-existent.
Here are some of the things you can do to mitigate this issue:
This may depend on your age, but in most cases, you’ll want to start by looking up a licensed insurance broker, agent or direct writer.
The challenge with finding the right insurer, of course, is pricing. So, if you, or your child, are what is referred to as a ‘young driver’ (someone between the ages of 16 and 24), then you, or they, may want to do the following:
What if I’m a new driver, but a little on the older side? If you’re outside the above-mentioned age bracket, you’re still an inexperienced driver in the eyes of insurers. So, the same recommendations apply. If you can drive under someone else’s policy, do so, and do so regularly. If you need to take a driving course, take one. Eventually – if your driving history stays clean – you’ll start seeing a reduction in your premiums.
Yes, it is. However, if you intend to use your personal vehicle for ridesharing, you must inform your car insurance provider first.
Here’s a list created by the Financial Services Regulatory Authority of Ontario (FSRA) that shows all the approved ridesharing companies and corresponding insurers:
Note that drivers, car owners and passengers who use any of the above-listed services are automatically covered as soon as the ridesharing app is on. Once the app is off, however, the vehicle owner’s personal insurance applies.
*Shoppers in Vaughan who obtained a quote on RATESDOTCA from January to December 2023 saved an average of $774 per year. The average savings represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third-lowest quoted premiums generated by RATESDOTCA.
Taras is a content manager at RATESDOTCA, specializing in home insurance. He has worked at the company for a year and has since collaborated with multiple experts to fully familiarize himself with the intricacies of the insurance industry.
He has over nine years of content marketing experience across multiple industries in B2B and B2C spaces. He has produced thought leadership content for organizations like Constellation Software, Facebook and Yellow Pages as well as outlets like Huffington Post and MSN Canada.
He has graduated from York University with a Bachelor of Arts degree in Film Studies and has also studied Technical Communication at Seneca College – the co-op program that introduced him to the world of content marketing.
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