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How much does car insurance cost in Waterloo in 2026?
In 2026, the average car insurance premium in Waterloo is $2,106 per year (about $175 per month). Premiums in Waterloo are 20.63% lower than the provincial average of $2,653. This makes Waterloo 84th 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: Waterloo car insurance
- Drivers in Waterloo pay an average of $175 per month and $2,106 per year for car insurance.
- Waterloo is 84th out of 181 Ontario communities for car insurance affordability.
- Rates vary by postal code within Waterloo. Premiums are lowest in N2J at $2,083 and highest in N2L at $2,112.
- 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.
Waterloo auto insurance rates compared to Ontario’s largest cities
Where you live plays a large role in what you pay for car insurance. For instance, average premiums in Toronto are $3,168 per year, representing a $1,062 (50.45%) difference compared to what drivers typically pay in Waterloo, which is about $2,106 per year.
In general, car insurance costs tend to be highest in large, dense urban centres like Toronto, where higher traffic volumes, congestion, and claims frequency increase risk for insurers.
As you move farther from major population hubs, premiums often decrease — a pattern that helps explain why mid‑sized cities such as London typically have lower average rates than Toronto, but still higher premiums than smaller or less densely populated communities.
Some cities, such as Ottawa, can buck this trend due to unique local factors, including higher vehicle theft rates, regional driving patterns, or claims experience that differs from other cities of a similar size.
Overall, Waterloo pricing reflects a fundamental concept in auto insurance: premiums are closely tied to localized risk.
Compared with Ontario’s largest and most congested cities, smaller places like Waterloo tend to benefit from lower traffic density and fewer high‑severity claims, which can translate into more moderate insurance costs.
Waterloo vs. Ontario’s largest cities: average car insurance rates (2026)
| Rank | City | Monthly premium | Annual premium |
|---|---|---|---|
| 1 | Ottawa | $173 | $2,071 |
| 2 | Waterloo | $175 | $2,106 |
| 3 | London | $201 | $2,407 |
| 4 | Hamilton | $205 | $2,457 |
| 5 | Toronto | $264 | $3,168 |
Ontario average premium: $2,653
Updated March 2026
Waterloo car insurance rates by postal code
The lowest average premium in Waterloo is found in the N2J area, where drivers pay $2,083 annually. Meanwhile, drivers in N2L have the highest average premiums at $2,112 per year.
Car insurance rates in Waterloo 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.
Waterloo car insurance: average premiums by postal code (2026)
| Rank | Postal code | Annual premium | Monthly premium |
|---|---|---|---|
| 1 | N2J | $2,083 | $174 |
| 2 | N2V | $2,112 | $176 |
| 2 | N2T | $2,112 | $176 |
| 2 | N2K | $2,112 | $176 |
| 2 | N2L | $2,112 | $176 |
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 Waterloo
Recent auto Insurance Quote from Waterloo, Ontario
Male, 29 years old
2017 SUBARU LEGACY 3.6R 4DR AWD
June 20, 2026
Cheapest Quote
$ 318 / month
$ 3,821 / yearAverage Quote
$ 485 / month
$ 5,825 / yearSavings
$ 167 / month
$ 2,004 / year
34 %
Recent auto Insurance Quote from Waterloo, Ontario
Female, 26 years old
2026 KIA EV4 GT-LINE 4DR
June 20, 2026
Cheapest Quote
$ 243 / month
$ 2,915 / yearAverage Quote
$ 295 / month
$ 3,545 / yearSavings
$ 53 / month
$ 630 / year
18 %
Recent auto Insurance Quote from Waterloo, Ontario
Male, 20 years old
2012 TOYOTA RAV4 LIMITED V6 4DR 4WD
June 20, 2026
Cheapest Quote
$ 406 / month
$ 4,868 / yearAverage Quote
$ 585 / month
$ 7,023 / yearSavings
$ 180 / month
$ 2,155 / year
31 %
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 car insurance in Waterloo
| 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 |
Your car insurance premium is decided by a host of factors. These are the ones with the most impact:
Driving record
The longer you’ve held your licence, the less your car insurance premium will be, assuming you haven’t been charged with any driving convictions, like speeding or distracted driving.
The two groups that pay the most for insurance in Ontario are young and inexperienced drivers and those who have had multiple driving offences.
Even one driving offence can affect your insurance premium and have repercussions for years, as they stay on your record for upwards of five years.
Fear not, as parking tickets don’t affect your premium since they’re not considered moving offences.
Insurance history
Being insured for many years is great for your rate.
Insurance companies tend to view mature drivers as more responsible. In fact, around your fifties is when your insurance rates usually hit their lowest level.
Unfortunately, drivers in their teens and twenties have yet to build an insurance history. As a result, they pay some of the highest premiums out of anyone.
Car make and model
It costs more to insure cars with upgraded features than it will with an ordinary car.
The more expensive a car is, the more it will cost to repair or replace it.
However, sometimes a regular car ends up commanding an above-average insurance rate, and that’s due to theft.
For example, in 2022, Honda CR-Vs and Accords were targeted for their catalytic converters by thieves. A global shortage of precious metals used to make converters is attributed to increased thefts.
Optional car insurance coverage
Buying more coverage than is legally required by Ontario law will increase your premium.
Consider whether you need optional coverage like collision or comprehensive insurance if you’re looking for areas to cut back.
Unless your car is financed or leased, or its model year is less than three years old, it might be cost-effective to pay for repairs or a replacement out of pocket.
An insurance professional can help you slim down your policy responsibly.
On the flip side, buying extra mandatory insurance is often a good idea.
The mandatory minimum amount of liability insurance is $200,000, but experts recommend buying at least $1 million in liability since the cost to access legal counsel has increased in recent years.
Increasing your accident benefits will also be a sound investment should you ever need to draw down on them, as medical costs have also risen.
Neighbourhood
Insurance companies rate drivers based on territory and use forward sortation areas (FSA) to define the boundaries. Your FSA is indicated by the first three letters of your postal code.
Your premium is affected by the other policyholders that reside in the same FSA. Suppose many of your neighbours are filing insurance claims. In that case, your rate could be negatively impacted, even if you didn't do anything wrong yourself. If the opposite is true, your premium will be cheaper.
Tips to get cheap car insurance in Waterloo
- Compare quotes: The Ontario and federal governments recommend getting quotes from multiple insurance companies before you commit to one. Rates comparison sites like ours make it easy to folllow that advice. Enter your postal code, and we'll source quotes from the leading insurance companies serving Kitchener in less than three minutes.
- Increase your deductible: If you make a claim against certain coverages in your policy, your insurance company may make you pay a deductible. A deductible is the amount you pay towards an expense before your company chips in and pays the rest. Deductibles are supposed to both deter people from filing claims and also incentivize better habits. By volunteering to pay a larger deductible, your insurance company will likely offer an insurance discount in return. You’re offering to take on more risk, which makes you appear more reliable in the eyes of your insurer.
- Buy an appropriate amount of insurance: Buying extra liability and accident insurance is a good idea, but there are other coverages that aren’t worth investing in. Talk to an insurance professional about whether you really need comprehensive or collision insurance, for example.
- Drive less: Substituting some trips with public transportation can help lower your costs. The less often you use your car, the lower the likelihood you’ll encounter a situation where you need to file a claim. That’s why insurance is so cheap for low-mileage drivers. Be sure to notify your insurance company if you are using your car less due to remote work. It could help reduce your premium.
- Bundle home and auto insurance: Buying home and auto insurance with the same company is known as bundling and it will reduce your annual insurance costs by up to 15%.
- Try telematics: Now available to Ontario drivers, telematics refers to technology that monitors your driving habits. With your consent, insurance companies can accurately monitor how hard you break, your average speed, the time of day you drive most, and the number of kilometres you travel each year. This is achieved by installing an electronic device into your onboard diagnostic port. Being a good driver could reduce your car insurance by up to 25% at renewal. However, insurers can use the data to justify raising your premium, too.
- Pay upfront: Insurance companies offer discounts to policyholders who paytheir annual premiums upfront. It’s for helping the insurance company reduce their administrative costs that come with billing customers each month.
- Apply for discounts: Insurance companies offer a range of discounts. For example, seniors’ discounts, winter tire discounts, and bundling discounts. There are also discounts for being an alumnus of a post-secondary institution or a member of a guild or union. Some insurers extend the benefits to current high school or post-secondary students for maintaining a solid grade point average.
- Avoid additional drivers: Adding a secondary driver to your vehicle will raise your premium. If a household member only uses the car on occasion, consider delisting them as a secondary driver. But before you do this, make sure to check in with an insurance professional and see what they say. Your insurance company expects you to be truthful about how much use the car gets.
- Buy an endorsement: Ontario drivers can buy optional car insurance coverages that amend the terms of an insurance policy, known as endorsements. Some endorsements lower your coverage in some areas, resulting in lower premiums. For example, you can waive coverage for glass repair for a cheaper rate. Talk to an insurance professional about whether this tactic makes sense for you.
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Frequently asked questions about car insurance in Waterloo
Have more questions about Waterloo car insurance? We have answers.
Waterloo car insurance rules and regulations you need to know
Waterloo has a limited no-fault auto insurance system. This means that you don't need to sue another driver to get compensation for medical care or physical damage to your car; your insurance company pays for these things.
In most cases, your interaction with the other driver will be limited to exchanging insurance information immediately after the collision.
The no-fault system entitles you to financial compensation for accident benefits, legal expenses, and even repairs to your car (under some circumstances), even if you caused the accident.
Ontario adopted the no-fault system in the '90s to shorten wait times for injured drivers to access money to pay for medical care and repair services. Previously, the province had a tort-based auto insurance system under which drivers had to sue for compensation.
In pure no-fault systems, injured drivers cannot sue the at-fault driver for things not covered by insurance, like damages for pain and suffering. Ontario's no-fault system is defined as ‘limited’ because drivers here have the right to sue for damages. However, the damage must exceed the financial threshold the province sets.
Also, when people first hear the term ‘no-fault,’ they're confused about whether you can be found at fault. The Ontario Insurance Act outlines dozens of collision scenarios to determine which driver was at fault.
Drivers who cause accidents will still face the consequences of their actions. The penalties doled out by insurance companies range from premium increases or outright policy cancellations.
Which company has the cheapest car insurance in Waterloo?
Every insurance company will quote a different price; no insurance company offers flat-rate insurance to all its customers.
Premiums are determined by how much risk an individual within a particular geographic territory represents, no matter where you go.
That means your friends and family might find a cheaper rate with company A, while company B can offer you a better rate.
The best way to find out which insurance company you should use is to compare quotes from multiple providers.
What are the best car insurance companies in Waterloo?
The answer will be different for everyone. Compare car insurance companies to see which one can offer good protection at a low price.
Can I get month-to-month car insurance in Waterloo?
Month-to-month car insurance isn’t available in Ontario.
Insurance companies require a one-year commitment from you in return for coverage. Some insurers offer six-month policy terms, but it’s not especially common.
You could purchase a one-year insurance policy and cancel it before it renews, but you’ll be charged a fee (a percentage of your overall premium).
Another solution is to purchase usage-based insurance. It’s a new insurance product in Canada geared towards low-mileage drivers.
You pay a base rate for every 1,000 km you drive, usually up to 10,000 km or less. A device installed into your car’s control panel monitors your driving.
You can also purchase an endorsement, Suspension of Coverage (OPCF16), that allows you to pause your coverage for cars in storage.
How do I get car insurance as a new driver in Waterloo?
The traditional route for buying insurance is to go to an insurance agent or broker.
Today, however, you can compare multiple insurance and brokers in minutes using a rates comparison site like Rates.ca.
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 data shows they stand to find the most significant savings of any group.
Start a quote on Rates.ca and see which company or broker offers your lowest rate.
Is ride sharing insurance available in Waterloo?
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
Can I get a driving discount as a post-secondary student in Waterloo?
Yes, students in Waterloo, Ontario, including those studying at the University of Waterloo or Wilfrid Laurier University, can take advantage of car insurance discounts. Here are some ways to save:
- Academic achievement discounts: Full-time students with strong grades may qualify for reduced rates. Insurers often view good academic performance as an indicator of responsibility, which can reflect positively on driving habits.
- Low mileage savings: If you live close to campus and don’t drive frequently, you could be eligible for a discount based on reduced vehicle usage.
- Family policy bundling: Staying on your parents’ insurance plan and bundling policies can result in additional cost savings.
- Shop around for deals: Use comparison tools like Rates.ca to explore insurance providers in Waterloo that offer student-friendly rates.
Pro tip: Ask your insurance provider about student-specific discounts and have proof of enrollment or grades ready to secure the best savings.
Why is car insurance for post-secondary students in Waterloo so expensive?
Car insurance for students in Waterloo, Ontario, is often more expensive because students are considered higher-risk drivers. This is primarily due to:
- Limited driving experience: Many students are newer drivers, which increases the likelihood of accidents and makes them a higher risk for insurers.
- Young driver statistics: Younger drivers, including students, are statistically more likely to be involved in collisions, leading to higher premiums.
However, students in Waterloo can take steps to reduce their car insurance costs:
- Complete a government-approved driver’s education course: Taking a certified driving course can demonstrate safe driving habits and help lower your premiums.
- Take advantage of student discounts: Many insurers offer discounts for students with good grades, as academic success is often linked to responsibility.
- Shop around for the best rates: Use comparison tools like Rates.ca to explore affordable car insurance options tailored to students in Waterloo.
How do I add my child to my car insurance in Waterloo?
Adding your child to your car insurance in Waterloo, Ontario, is a simple process. Here’s how to do it:
- Contact your insurance provider: Reach out to your current insurer and inform them that you’d like to add your child to your policy. They’ll guide you through the process and provide an updated premium quote.
- Provide your child’s information: Be prepared to share details such as your child’s full name, date of birth, driver’s license number, and any driving history they may have.
- Discuss coverage options: Review the available coverage levels for your child. Consider their driving habits and the type of vehicle they’ll be using to choose the most appropriate option.
- Understand the cost implications: Adding a young or inexperienced driver to your policy will likely increase your premium. However, some insurers offer discounts for students or for completing driver’s education programs.
- Finalize the update: Once all the details are confirmed, your insurer will update your policy to include your child as a listed driver.
Tip: If your child is studying away from home and won’t be driving frequently, ask your insurer about occasional driver or low-mileage discounts to help reduce costs.
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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.