Auto insurance quotes

We’ll Help You Get The Cheapest Insurance Rates In Ontario

Get a cheap Ontario car insurance quote from one of our friendly insurance brokers and you could save big. They’ll quickly compare the cheapest auto insurance quotes so you’ll get the lowest rate.

They’ll provide savings advice and ask the right questions to make sure you get the best discounts possible. With ThinkInsure you’ll get the best price, lowest rates and coverage to meet your auto insurance needs. We can help you save on Car Insurance In Alberta also!

When you compare auto insurance quotes with us you can expect :

  • Expert Car Insurance Advice That Saves : ThinkInsure brokers are licensed and highly trained insurance experts. Our insurance brokers will quickly recommend ways for you to save with our many car insurance products and discounts we can offer through our large insurance company partner network.
  • Quickly Compare The Cheapest Quotes : We can quickly get you cheap insurance quotes from the best insurance companies, so you’ll get the best rates and coverage for your car insurance needs.
  • One Stop Shopping For Car Insurance : We can take care of ALL your car insurance needs — shopping for best quotes, providing expert advice, personalized service and much more!
  • Personal Service : All ThinkInsure customers get a dedicated personal service representative to take care of their insurance needs. We take pride in knowing our customers by name and by providing top level customer service.

“ I’m glad I called ThinkInsure to see if I could save on my car insurance. Denise asked me a few questions then quickly got me a bunch of quotes. She explained the differences in coverage and helped me pick the best one for my needs. She ended up saving me close to $400! 
Margaret, Mississauga, Ontario

What Are Some Tips For Shopping For A Cheap Car Insurance Quote In Ontario?

Working with the top insurance companies, we can get car insurance coverage for any Ontario driver. We understand that you are busy and don’t have hours upon hours to shop around for cheap auto insurance quotes. Let us do the shopping for you and help you get the lowest rates.

1. Shopping Around For Car Insurance Quotes Pays Off

Insurance rates for the same car and driver can vary widely between insurance providers. So when you shop around, you’ll get different rates for the exact same car and driver. That’s where a broker comes it. It’s a broker’s job to find and compare car insurance quotes based on you as a driver, your vehicle and the coverage you need.

2. Save Time – Let A Broker Compare Quotes For You

Licensed brokers have such a wealth of knowledge and a network of providers. A broker will use their knowledge to source insurance that meets your budget and needs.

3. Benefit From A Car Insurance Broker’s Expertise And Experience

As licensed professionals, insurance brokers continually update their education and knowledge. They provide unbiased advice based on your situation and their experience.

What’s Your Unique Driving Situation And Car Insurance Needs?

Speak to us. We’ll compare auto insurance quotes and make sure you get the best rates possible. Even though Ontario insurance rates are the highest rates in Canada, you can have peace of mind that our licensed car insurance brokers will get the cheapest rates and the best insurance coverage.

 

What Determines The Cost Of Auto Insurance Rates?

Many considerations determine car insurance rates across Ontario. Where you live, the car you drive and your driving experience are only some of the factors that impact your auto insurance rates.

Here are some of the key factors car insurance companies consider when determining the cost of a car insurance policy :

  • Your Driving Experience : How long have you been driving? What level of graduated license do you have? Your rates lower the longer you’ve been insured.
  • Your Age : Insurers see older drivers as lower risk – as you get older, you are more likely to be a more careful driver and you will qualify for additional car insurance discounts.
  • Your Gender : Studies show that women are less likely to be in accidents.
  • Your Driving Record : How is your driving record? Do you have recent tickets or claims? They can increase car insurance rates.
  • Your Car : What car do you drive – SUV or a sedan? How old is your car? How often does the car get stolen? How safe is the vehicle? Learn more about car related factors that impact car insurance costs what are the cheapest cars to insure.
  • Car Usage : Do you use your car to drive to work? How many kilometers do you drive annually? Do you use your car for business?
  • Where You Live : Insurers take where you live into consideration. If your neighbourhood has higher statistics for car theft and accidents, your insurance premiums will reflect the higher risk.
  • Your Car Insurance Coverage And Deductible Amount : The type of coverage you select will also impact your rates. Choosing comprehensive insurance coverage over basic coverage. Adjusting your deductible amount for collision insurance or comprehensive insurance will impact the cost of car insurance premium.

What is Car Insurance?

In order to operate a vehicle in Canada, you need to have a valid car insurance policy in place at all times. Car insurance policy requirements vary from province to province, depending on the type of insurance system each is mandated by (public vs. private). However, you need to have a minimum amount of third-party liability insurance, to protect yourself financially in the event that you injure someone or damage their car/property. You’ll also need a minimum amount of accident benefits, which provides coverage for any medical/rehabilitation costs that resulted from an accident. You can also decide to buy more than the minimum amount required, as well as purchase additional coverage (such as comprehensive insurance) on top of your basic car insurance policy.

Why Compare Car Insurance Rates?

You might think that car insurance quotes for the same driver/car would be similar across all providers, but every car insurance company has its own costs to cover, based on data about all of their existing users/claims. Broken down, every car insurance company has a number of “risk groups” it divides people into, and they charge premiums based on the claims experience of each group. When an insurance company gathers information about you, their system places you into one of those groups – and a portion of your quote is based on the group you’re in. You can’t see what goes on behind the scenes, but the group you’re placed into and the premium that follows could vary greatly from company-to-company, which is why it’s wise to compare car insurance rates and see who can offer you the cheapest insurance.

How Car Insurance Rates are Calculated

Dozens of factors contribute to the total cost of your car insurance premium, all of which can be divided into four categories:

  1. Your driving profile
  2. Your coverage
  3. Your deductible
  4. Your car insurance provider

Based on the information you provide for your driving profile, the car insurance company will place you into one of its risk groups, which outlines the majority of the costs in the other points. You can read more about how car insurance rates are calculated on our site.

How to Save on Car Insurance

Car insurance rates vary from province-to-province, city-to-city and provider-to-provider. There are some costs you can’t control, such as the base rates determined by the public car insurance systems in British Columbia, Manitoba and Saskatchewan. However, there are a number of ways you can save money on your car insurance, including:

  • Maintaining a safe driving record
  • Increasing your deductible
  • Making all payments on
  • Asking for discounts

You can read about these tips and find more ways to save on car insurance on our site.

How to Buy Car Insurance

When you’re ready to buy a new car insurance policy, you can do so in person or over the phone, at a bank/credit union, insurance company or insurance brokerage. If you haven’t already done so, we always suggest you start by comparing car insurance rates online. We shop the most competitive providers to bring you a list of the best car insurance rates in Canada. Even if you don’t use one of the providers on our site, you should at least do this as part of your research, to make sure you know what’s available to you. Once you’ve picked and purchased the best car insurance coverage for you, the insurance company is responsible for providing you with a certificate of insurance to keep in your vehicle. The certificate lists details about the vehicle that’s insured, the coverage you have on it and the period of time which you are covered.

Auto insurance requirements by province

Car insurance requirements in Canada depend on which province you live in and who you buy your insurance from.

If you live in British Columbia, Saskatchewan or Manitoba, your provincial government requires basic auto insurance that covers injury to yourself and passengers. Additional coverage is available from your insurer.

British Columbia and Manitoba

Purchase ICBC Autoplan insurance in British Columbia and MPI Autopac insurance in Manitoba from your Co-operators Financial Advisor. For more complete coverage, including insurance for theft or damage to your car, ask us about your coverage options.

Saskatchewan

Ask your local Financial Advisor for SGI insurance in Saskatchewan, which includes basic vehicle damage (with a deductible), personal injury and liability coverage up to $200,000. We also offer extended Third Party Liability coverage, and physical damage coverage at a lower deductible to reduce the amount you would pay if you have a claim.

If you live in Quebec, the provincial public automobile insurance plan covers you for injury or death due to an automobile accident, no matter who is at fault or where in the world the accident happened. However, under the Automobile Insurance Act, you also have to have third-party liability insurance of at least $50,000 for property damage. This protection, available from private insurers such as The Co-operators, covers any property damage caused to another party.

In all other provinces and territories (Alberta, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Ontario, Prince Edward Island or the Yukon) all car insurance is available only from private insurance companies like The Co-operators.

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Learn more about insurance requirements in each province and territory.

What your auto insurance plan must include

While insurance plans vary by province, these are the most common types of insurance you must have before you can use your vehicle. Make sure you check the following when you compare auto insurance quotes:

Liability: If you are in a car accident and are held legally liable for other people’s injuries, or for damage to another person’s vehicle or property, your insurance company will pay up to the total amount listed on your policy. You are responsible for amounts above that limit.

Accident Benefits: This covers medical expenses not covered by a provincial health plan, plus loss of income as the result of an auto accident. In some provinces, you may be entitled to additional benefits if you are someone’s caregiver. Accident Benefits are paid regardless of who was at fault in an accident. Not available in Quebec.

Uninsured Automobile: Protects you and your family if you are injured or killed by a hit-and-run driver or by an uninsured motorist. It also covers damage to your vehicle caused by an identified uninsured driver. Not available in Quebec.

Direct Compensation Property Damage (DCPD): Available only in New Brunswick, Nova Scotia, Ontario, P.E.I. and Quebec, this covers the cost of loss or damage to your car in an accident for which you were not entirely responsible. To qualify, the other driver has to be identified, insured and found to be at least partially at fault. In some provinces, you can no longer sue another person for damage to your car.

Your insurance company will look at the degree to which you are responsible for the accident and your deductible to determine how much compensation you will receive. You will be paid if you were partly or not at all responsible for the accident. Be sure to review your car insurance policy for specific details, restrictions and exclusions.

Value-added coverage

You may want additional coverage to be sure you’re fully protected in case of an automobile accident, theft or damage. Here are some coverage options to consider:

Collision: You’re covered for the cost of repairs or replacement of your car in the event of a collision where you are partially or totally at fault.

Specified Perils: This covers you for specific perils such as fire, lightning, theft*, windstorm, earthquake, hail, explosion, riot and others.

Comprehensive: With this option, you’re covered for any threat or danger other than collision, including theft*, damage or loss caused by vandalism, projectiles, and falling or flying objects such as stones kicked up by a truck in front of you. The important thing to remember is that this coverage applies to your vehicle only, not you or your passengers.

*Comprehensive and Specified Perils do not insure your car against theft if a member of your household steals your car, or if an employee whose job involved using or maintaining the car steals your vehicle.

All Perils: This is the most complete Loss or Damage coverage available. All Perils combines Collision and Comprehensive coverage and protects against theft by a person who lives in your household or an employee who steals your vehicle.

The most popular combination is Collision and Comprehensive coverage.

Optional coverage with endorsements

For extra protection, add the following to your insurance policy:

Accident Forgiveness: If you have this coverage on your policy, your first accident won’t affect your insurance rates, provided you have been licensed and accident-free for six years. Not available separately in Quebec; already included in provincial coverage plan.

Loss of use: If your car is damaged in an accident, stolen or destroyed, this endorsement covers the costs of temporary transportation such as renting a car or taking a bus. You’ll be covered up to the maximum amount specified in your policy until your car is recovered, repaired or replaced, or your claim is settled.

Legal liability for damage to non-owned automobiles: This endorsement will cover you if you damage a car you don’t own while it was in your care and control, such as a rental car.

Family protection endorsement: Receive additional benefits if you’re involved in an accident with a driver who doesn’t have enough coverage to pay a claim for injury or death. This only applies if the other driver has less insurance coverage than you.

Limited waiver of depreciation: This coverage protects against the loss of value or depreciation of a new car if, as a result of an accident, your car is beyond repair and must be replaced. This coverage is only available during the first two years of a vehicle lease or ownership. You could receive an amount up to the price you paid for the vehicle or the manufacturer’s suggested price. You can only add this endorsement if you have insured your vehicle with Collision and Comprehensive coverage, Collision and Specified Perils coverage or All Perils coverage.

Additional coverage: You can also buy insurance for a stereo or other components installed in your vehicle.

Shopping Around for Auto Insurance in Ontario?

Don’t let car insurance send you over the edge when InsuranceHero.ca can save the day!

Our team of dedicated insurance advisors will guide you through a range of insurance options and help you choose features, deductibles and pricing best suited to your needs. Whether you’ve had auto insurance for several years or are just starting out, we can provide you with affordable insurance options without compromising your coverage. Let Insurance Hero help you protect one of your most expensive assets.

  • We’ll shop for your insurance with over 12 insurance companies!
  • Save up to 15% when combining with your home insurance
  • One-stop shopping for all your insurance needs – Auto, Home, Business, Recreational, Travel, Life & Health
  • Quick, easy and convenient access to your own insurance advisor
  • Honest, unbiased, expert advice
  • Ask a Hero about available discounts!

Optional benefits

For further peace of mind, additional coverages may be added that will save you time and money in the long run.

  • Driving record guarantee: your premium won’t go up after your first at-fault loss.
  • Disappearing deductible: for each year you don’t have a claim, your deductible is reduced by 20%. After five years, it just disappears.
  • Loss of use coverage: stay on the road with a rental car if your car is stolen or damaged.
  • Accident benefits coverage: compensation for you and your passengers in the event of disability or death from an accident.
  • Monitored driving discounts — minimum 10% savings for entering the program
  • Earn AIR MILES® reward miles with select insurers

Insurance requirements vary by province, and there many options available for automobile owners when shopping for car insurance. Understanding these options will help you make informed decisions but remember, your Aon broker is always here to help. That’s what we’re here for — even if you end up buying your auto insurance elsewhere.

Liability insurance is mandatory insurance coverage that protects from damage that might be done by a driver while operating a vehicle including injury, death and property damage. It also includes coverage to protect drivers against financial losses they might suffer due to their own medical expenses, and the loss of income that they could incur if injured in an automobile accident while driving.

Collision coverage provides financial compensation for vehicle damages that happen because of a collision or accident with another vehicle or a stationery object. Often the most expensive components of an insurance policy, it varies depending on the vehicle, driver, and other factors.

Comprehensive coverage protects drivers against loss from events that aren’t directly related to the operation of the vehicle. These can include vandalism, theft, flying objects/debris or environmental conditions including flood and hail.