Get Cheap Car Insurance Quotes in Canada

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COVID-19 Update: We’re here for you.

These are uncertain times, but one thing that is certain is our commitment to you. As an online business, we're set up to help you remotely so you can still take care of your insurance, mortgage and money decisions.

To learn about financial relief, insurance rebates, billing flexibility and other relief efforts offered by insurance and personal finance companies, read our COVID-19 insurance relief guide. You can also use our Covid-19 rebate calculator to figure out how much money these efforts can help you save on your auto insurance premiums during this unprecedented time.

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Recent car insurance quotes

2015 JEEP GRAND CHEROKEE LAREDO 4DR 4WD 16:55 EDT on May 18, 2022
$ 1882
Per year
Company A (Cheapest Rate)
$ 1933
Per year
Company B
$ 2351
Per year
Company D (Highest Rate) Company C
Range of Quotes
$ 469
$ 1458
Per year
Company A (Cheapest Rate)
$ 1498
Per year
Company B
$ 1660
Per year
Company D (Highest Rate) Company C
Range of Quotes
$ 202
Shopper from WHITBY, ONTARIO
2012 NISSAN ALTIMA 2.5 S 4DR 12:04 EDT on Apr 27, 2022
$ 551
Per year
Company A (Cheapest Rate)
$ 1078
Per year
Company B
$ 1267
Per year
Company D (Highest Rate) Company C
Range of Quotes
$ 716
$ 962
Per year
Company A (Cheapest Rate)
$ 1315
Per year
Company B
$ 2439
Per year
Company D (Highest Rate) Company C
Range of Quotes
$ 1477

What is a car insurance quote?

A car insurance quote estimates the premium you’ll pay for a car insurance policy. The quote is calculated using the information you provide, such as your age, the car you drive, your driving history, and your postal code. Every insurer uses a unique formula to calculate your personal car insurance quote, so even if you provide the same information to different insurance companies, no two quotes will look the same.

After you apply for a policy, an insurance company’s next step is to figure out how much risk you pose to them — what is the likelihood of you getting into a car accident and how expensive will the damage be?

Insurance companies use roughly the same methodology to assess risk. Here are the main things that influence your rate:

  • Your age
  • Your forward sortation area (the first three letters of your postal code)
  • How long you’ve had your licence
  • The type of car you’re looking to insure
  • Your insurance history

In addition to the criteria above, car insurance companies in Ontario can also use the following factors to calculate your rate:

  • Your gender
  • Your licence level

Depending on your answers, insurers will place you in a specific rating group (people who have similar profiles). Your rating group determines how much you pay for coverage.

Insurance companies usually have a type of customer they’re looking to attract. Most insurers reserve their lowest rates for experienced drivers over the age of 50.

On the other hand, some companies are willing to assume more risk, so they choose to offer inexperienced drivers coverage at competitive rates. You can’t tell which insurer will offer you the lowest rate from advertisements. It's better to compare rates from multiple insurance companies.

Use our car insurance calculator to calculate and compare your auto insurance quotes from 50+ Canadian car insurance companies all at once to find the best quote for yourself.

Why do I want to compare car insurance quotes from different insurance companies?

You may have noticed that different insurance companies offer different rates for the same coverage. So how do you know if you have the best deal? By comparing quotes on RATESDOTCA of course!

There is a reason people trust us to find the cheapest car insurance quotes in Canada: we make insurance transparent, simple, and fun. By comparing quotes, you can easily see which company is offering you the best insurance rate, based on your unique driving history and insurance needs.

Last year, drivers who shopped for car insurance quotes on RATESDOTCA paid 30% less than the average market rate.* Ready to compare quotes and save on your car insurance policy? Let’s get started!

How car insurance quotes are calculated

Insurance companies consider many factors when calculating your insurance rate.

  • Vehicle type: The type of vehicle you drive impacts the premiums you pay. Different vehicles are associated with different risks including their likelihood of being stolen, how much they cost to repair, their safety rating and features, and claims history. There is also some perceived behavioural risk associated with different vehicles. Insurers are more willing to offer low rates to drivers with “sensible” vehicles. As a result, when shopping for insurance, you might notice your dad’s 10-year old minivan suddenly seems more appealing.
  • Commute distance: How much you drive will also affect your premiums, which is why you are always asked to provide your anticipated vehicle usage when obtaining a car insurance rate. The less you drive, the cheaper your car insurance premium is. The more you drive, the higher the chance that you could be involved in a motor vehicle accident, and the more you will have to pay for insurance.
  • Driving history: Individuals with a clean driving can expect to pay lower premiums than those with tickets and/or accidents on their record. The number of years you have had a licence also matters.
  • Demographics: Where you live makes a difference. Areas with higher occurrences of theft and collisions result in higher premiums. Your age can also come into play. Drivers who are 25 years old or older will generally pay less to insure a vehicle. This is based on data that shows that younger, less experienced drivers are more likely to be involved in traffic collisions.
  • Coverage type: The larger the scope of the coverage and the higher the coverage limits you choose, the more you will pay for insurance. The deductible, which is the portion that you must pay out of pocket following a claim, is also important in the calculation of your insurance premium. If you are willing to take on more risk with a higher deductible, the insurer will offer a cheaper rate.
  • Discounts: Most insurance companies will provide you with discounts if you meet certain criteria. For example, if you have winter tires, or if you have more than one vehicle, you may be eligible for discounts. When you get quotes with RATESDOTCA, we ask the same questions as the insurers do to ensure you are getting the lowest possible price.
  • Age and gender: Teens and twenty-somethings pay the most for car insurance. Within that demographic, males can expect to pay significantly more than females. By age 35 and beyond, the differences between men and women mostly even out. That said, men should expect to pay a little more for their coverage. Insurance companies are allowed to set their own rates for non-binary drivers but only if it’s in line with what has been approved by provincial regulators. Insurance providers often charge the low end of the average male or female rate.
  • Marital status: In most of Canada, insurance companies are allowed to ask about your marital status for the purpose of setting your auto insurance premium. The exceptions are Manitoba, Nova Scotia, and B.C. One explanation for why insurance companies care about your romantic status is that spouses will likely take turns driving the vehicle, which changes the risk profile of insuring that vehicle. Luckily for single drivers, just because a company can ask about marital status doesn’t mean they will. Insurance providers all have slightly different formulas for evaluating risk and setting premiums. That’s why it’s important to compare rates from multiple companies if you want to find the lowest price.
  • FSA: This stands for Forward Sorting Area code, which is the first three characters of your postal code. Insurance providers look at these geographic markers to help set your rate, since location can play a role in the probability and size of claims. Insurers look at the following characteristics in an FSA to calculate risk: the number of vehicle thefts in the area, the amount the insurer has paid out to policyholders, and incidences of insurance fraud. Generally, drivers in commuter cities pay higher insurance rates than drivers in rural areas.
  • Driving experience: The longer you’ve held a licence and car insurance, the cheaper your insurance will be. The inverse is also true: If you don’t have a lot of experience driving, insurance companies view you as riskier to insure. For example, If you’ve only obtained your driver's licence in your thirties, your rates may be comparable to a driver in their twenties.
  • Claims history: An insurance claim is a request by a policyholder to the insurance provider for compensation for a covered loss. Insurers look at your history of claims and use it as an indicator of what to expect from you in the future. If you have a history of making at-fault claims, your insurance company will view you as someone who is high-risk to insure and will charge you non-standard (i.e., above average) rates for coverage. It’s important to note that this holds true even if your insurer validates a claim and provides compensation. If you are at fault for the incident, your insurance rate will go up at renewal. (You can protect your record by purchasing an accident forgiveness endorsement.)

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Information that you need to get and compare car insurance quotes online

RATESDOTCA makes it easy for you to get an accurate auto insurance quote. You will be asked to provide basic information about yourself that will help insurance companies determine your premium. All we need is:

Oh, and don’t worry, RATESDOTCA values your privacy, and will never sell your personal information. Your info will remain safe, secure, and protected.

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The types of car insurance coverage in Canada

Auto insurance is required by law in every Canadian province and territory. The type(s) or coverage and the amount of coverage required vary by location.

Mandatory car insurance requirements typically include the following coverages:

  • Third-Party Liability
  • Direct Compensation-Property Damage (DC-PD)
  • Uninsured Automobile Insurance
  • Accident Benefits

Here’s a breakdown of each of these coverages:

  • Third-party liability: This coverage protects against losses incurred from third-party claims when you are found to be at-fault for an accident. This includes damage to someone else’s property, bodily injury or death. Your auto insurance quote will always include third-party auto insurance coverage, because it's mandatory across all provinces and territories in Canada.
  • Direct compensation-property damage (DC-PD): This coverage means the insurer compensates you directly when your vehicle is damaged in an accident for which you are not at fault. It covers the damage to your vehicle, its contents and the loss of use of your vehicle. Property damage coverage is mandatory in Canada, except in Alberta, British Columbia, Manitoba, and Newfoundland & Labrador.
  • Uninsured automobile protection: This coverage protects you if you get in an accident with someone who does not have valid insurance coverage. It can also protect you if you’re the victim of a hit-and-run.
  • Accident benefits: This coverage protects you from injury in a collision, whether you are the driver, a passenger, pedestrian or cyclist. There are four main types of accident benefit coverages: income replacement, medical benefits, death/funeral benefits and miscellaneous benefits.

Optional car insurance coverages

These are the optional coverages you can add to a car insurance policy. Note that in some provinces or territories, these coverages may be mandatory.

  • Collision coverage: This coverage protects your vehicle against damage that occurs from a collision with an object (like another car). With this coverage, your provider will pay to repair or replace your vehicle, up to its actual cash value, regardless of who is at fault. Collision insurance is not mandatory, except in Manitoba.
  • Comprehensive coverage: Comprehensive insurance covers non-collision damage to your vehicle, such as theft, hail, vandalism, etc. Comprehensive insurance is only mandatory in Manitoba.
  • Specified perils coverage: This coverage protects against damages caused by named perils, such as theft, attempted theft, explosions and natural disasters, like fire or lightning. Only perils specified by the policy are covered.
  • All-perils coverage: This coverage is a combination of both collision and comprehensive insurance. All perils coverage protects your vehicle from all causes of loss except those directly mentioned as exclusions in your policy. It also provides additional protection if your car is stolen or damaged by another driver.

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Car insurance in Canada: A national picture

Saskatchewan, Manitoba and British Columbia operate within a public car insurance model. Car insurance in these provinces is available through the government. In other provinces, including Alberta and Ontario, drivers must purchase insurance from private insurance companies. Quebec is the only province that uses a mix of both.

In each province and territory, a minimum amount of auto insurance is required by law. This typically includes third-party liability insurance, which covers medical expenses and property damage caused by the insured (aka, you). There’s also some level of accidents benefits or property damage coverage that is also mandatory.

Average rates vary across the country. According to the Insurance Bureau of Canada, British Columbia has the highest average auto insurance rate in Canada, averaging $1,832 per year. Ontario and Alberta are in second and third place, averaging $1,505 and $1,316 respectively. Drivers in Quebec pay the least in Canada, with an average premium of just $717.

Mandatory minimum auto insurance coverage across Canada

Province or Territory Mandatory Minimum Liability Mandatory Minimum Coverage Average Annual Premiums
Alberta Third party liability $200,000 Accident benefits $1,316
British Columbia Third party liability $200,000 Accident benefits, Uninsured automobile protection $1,832
Manitoba Third party liability $200,000 All perils (collision, comprehensive), Personal injury, Hit and run, Inverse liability protection $1,140
New Brunswick Third party liability $200,000 Accident benefits, Uninsured automobile protection, Direct Compensation – Property damage $867
Newfoundland & Labrador Third party liability $200,000 Uninsured automobile protection $1,168
Northwest Territories Third party liability $200,000 Property damage, personal injury $978*
Nova Scotia Third party liability $500,000 Accident benefits, Uninsured automobile protection, Direct Compensation – Property damage $891
Nunavut Third party liability $200,000 Property damage, Personal injury $963*
Ontario Third party liability $200,000 Accident benefits, Direct Compensation – Property damage, Uninsured automobile protection $1,505
Prince Edward Island Third party liability $200,000 Accident benefits, Uninsured automobile protection, Direct Compensation – Property damage $816
Quebec Third party liability $50,000 Accident benefits, Property damage $717
Saskatchewan Third party liability $200,000 Property damage, Personal injury $1,235
Yukon Territories Third party liability $200,000 Property damage, Personal injury, $812*

Above annual average insurance premium are according to data released by Insurance Bureau of Canada, 2020.

* Annual average of year 2017

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Frequently asked questions about car insurance

Is it legal to drive without insurance?

No! All registered vehicles in Canada must have insurance, as required by law. If you own and drive a vehicle in Ontario, for example, you are required to take out a basic car insurance policy that includes four types of auto insurance. Vehicle owners in Ontario who do not carry valid auto insurance can be fined anywhere from $5,000 to $50,000. You also risk having your license suspended and your vehicle impounded, not to mention facing sky-high insurance rates in the future.

Is RATESDOTCA car insurance service available throughout Canada?

RATESDOTCA is currently available to drivers in Ontario and Alberta.

Are the rates you show accurate?

What you see is what you get. The auto insurance quotes you receive are accurate, based on the details you provide. A representative from the insurance company will confirm your information before issuing a policy. As long as your details stay the same, so will your rate.

What’s a deductible, and how does it work?

A deductible is the amount of money you agree to pay in the event of a claim before the insurance coverage kicks in. A driver with a $500 deductible and $2,000 in damage resulting from an accident will pay $500 out of pocket while the insurance company covers the remaining $1,500. Think of a deductible as your share of the repair cost.

Your deductible will also determine your policy premium. The higher the deductible you are willing to pay, the lower your insurance rate will be.

Which insurance companies will I get quotes from?

RATESDOTCA partners with over 50 top insurance companies in Canada, more than any other comparison site. Our partners include Intact, Aviva, Wawanesa, Jevco and Echelon, to name a few. See our full list of insurance partners here.

How much does it cost to use RATESDOTCA?

RATESDOTCA is 100% free to use. We are committed to saving you time and money.

What’s the catch?

There is no catch! There are no hidden costs or strings attached. We make our money from the partners we work with, not from you.

Is it cheaper to shop direct?

No. Your quotes come straight from the auto insurance companies. They are the same rates you would get if you called them directly.

The last word

RATESDOTCA makes buying car insurance easy. We compare more insurance providers than anyone else, so you can be confident that you are getting the best deal.

*Shoppers in Ontario who obtained a quote on RATESDOTCA and transacted via our contact centre from July to December 2021 saved an average amount of $772. The average savings amount represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by RATESDOTCA.

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