Get money-saving tips in your inbox.

Stay on top of personal finance tips from our money experts!

News & Resources

Ontario Car Insurance Rate Decisions: June 2021

July 5, 2021
3 mins
Woman laying on her stomach while browsing her computer

There were no approved rate changes made by the Financial Services Regulatory Authority (FSRA), Ontario’s car insurance regulator, in June 2021. As a result, there was no change to the auto insurance market in the province last month.

In May, three insurers were approved to decrease their rates. One month earlier, in April, there were no rate changes announced.

Though the COVID-19 crisis appears to be subsiding in recent weeks, rate increases have been few and far between. However, premiums are expected to gradually rise as more people begin driving once they have been fully vaccinated and the economy reopens.

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, and where you reside.

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

car mascot.png

Don't waste time calling around for auto insurance

Use RATESDOTCA to shop around, and compare multiple quotes at the same time.

Liam Lahey

Liam Lahey is a versatile marketer with experience as a staff and freelance writer for many business and technology publications and newspapers. He previously worked as the editor and media spokesperson for RATESDOTCA, handling home, auto, and travel insurance topics.

Latest auto insurance articles

Do you need to add your children to your auto insurance?
If a child living at home drives, you should add them to your car insurance as soon as they have a provisional or full license.
3 mins read
Top 5 safety tips for winter driving in Ontario
Before driving off on your next wintertime adventure, keep these safety tips in mind.
4 mins read
Winter driving mistakes that could cost you
Here are some common winter driving mistakes that could cost you big and what you can do to avoid them.
5 mins read

Subscribe to our newsletter

Stay on top of our latest offers, relevant news and tips!

Thanks for joining!

You'll be hearing from us shortly - stay tuned.