The Financial Services Regulatory Authority (FSRA), Ontario’s car insurance regulator, published no approved rate changes in April 2021, meaning there was no change to the Ontario auto insurance market last month.

One insurer was approved in March by FSRA to decrease its rate (The Commonwell Insurance Group).

You can track every insurer’s rate changes with RATESDOTCA’s Ontario Auto Insurance Rate Tracker. Our Rate Tracker allows you to select the insurance companies that have had a rate change approved in the last year from a dropdown menu, and find out what the percentage rate change is, as well as its effective date.

There are several factors insurers consider when determining your premium. For example, your driving record, insurance history, the type of vehicle you have, and how many kilometres you drive annually all figure into the equation. So too do things such as your age, gender, marital status, and where you reside.

That’s all the more reason to shop around. A recent RATESDOTCA survey found Ontario drivers are less likely to shop around for car or home insurance than for other common household expenses such as cellphone plans or internet services. Less than one in four Ontario residents shopped around for car (23%) or home (22%) insurance last year, the survey found, compared to nearly one in three that shopped around for a new internet provider.

FSRA recommends taking the time to compare policies and premiums to know if you’re getting the best price for the coverage you need.