Car ins

Whether you lease, finance or own your car, in Ontario this is the minimum amount of required coverage you need to have by law to protect yourself and your loved ones.

Liability Coverage: If you injure someone or damage property, payments are made on your behalf.
Direct Compensation: Damages to your car are covered if you’re not at fault.
Uninsured Automobile Coverage: Medical costs and damage are covered if an uninsured driver is at fault.
Accident Benefits Coverage: Regardless of who is at fault, medical and other expenses you are entitled to receive are covered.
Learn more about the Ontario Auto Insurance Reform changes
Learn more about Car Insurance

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How Does Car Insurance Work?
Whether you lease, finance, or own your car, it is mandatory to have car insurance. However, in order to be eligible for car insurance, certain conditions and restrictions apply.

To begin with, you (and all drivers you wish to include in the policy) must have a valid driver’s license and be a resident of Canada. Next, insurance companies will look at your prior driving record to determine eligibility and rates. However, rates will vary depending on whether you are looking for a new insurance policy altogether or if you wish to renew an existing one. Other eligibility restrictions may arise from past convictions. This too, will vary depending on when your last conviction occurred and the nature of the conviction.

Other insurance conditions may arise depending on the type of vehicle, its use, and any customizations or modifications made to the vehicle. For example, if you have altered your vehicle to enhance its performance or appearance, most insurance companies would need to assess the vehicle to determine if they could insure it. If you plan on modifying your vehicle, call us first! We will let you know if the changes you plan on making could have an impact on your policy.

Other factors that may also prevent an insurer from issuing you a policy:

Your vehicle has substantial unrepaired damage or is deemed unsafe
Your vehicle is rented or leased to others
Your vehicle is used for racing or competition
Learn more about Car Insurance Eligibility and Restrictions

Make sense of your Car Insurance needs and options

TD Right Fit Coverage Assessment
Find the car insurance coverage that best fits your needs.

How Much Does Car Insurance Cost?

There are a number of factors that determine how much your car insurance will cost. Here are 7 of the key factors that insurance companies take into consideration when calculating your car insurance premium:

Your car: The make, model, and year of your car can affect your insurance premium. This determines the cost and value of the car, safety features, and repair costs.
How often you drive: The number of kilometers you drive your car per year will affect your insurance premium.
If you use your car for commercial purposes: If you use your car for work purposes (other than commuting), you may need to get commercial car insurance. Your business may require a higher liability limit.
Your driving record (and the records of all drivers who use your vehicle), which includes: The number of years you’ve all been licensed for. Convictions due to driving infractions (which includes speeding tickets). Accidents.
Where you live: Premiums are usually higher in and around large urban areas
The coverage you choose: The more adequate the coverage, the more it will cost to insure your vehicle
Special discounts: Belonging to a preferred group for professionals and alumni. With TD Insurance you can select up to three eligible groups!
Learn more about how car insurance premiums are calculated
Ways you can save

Bundle car and home insurance.

Drive a hybrid or electric vehicle.

Insure two or more vehicles.

Have an approved anti-theft system installed.

How to Save On Car Insurance?

Here are a few simple tips to save on car insurance:

Insure all your cars with the same insurance provider so that you can save on insurance.
Insure both your car and home with the same company so that you qualify for a «multi-line discount.»
Increase your deductible – the higher it is, the lower your insurance premium will be.
Think about removing collision coverage if you drive an older car. This means weighing the cost of the collision coverage with the value of your car and chosen deductibles.
Maintain a great driving record – the safer you drive, the more you could save. By downloading and using the TD MyAdvantage app, which collects and analyzes driving data, you could save up to an additional 25% on your premium!
Consider driving a «low-risk» vehicle. Since insurance premiums are based on previous claim history, the more likely the vehicle is to be stolen or in an accident, the more you pay for insurance.
If you are a new driver, take a driver’s training course (available in select locations).
Have an approved anti-theft device installed in your car. TD Insurance premiums factor in a discount if you have an approved factory installed anti-theft device.
Switch car insurance providers. TD Insurance offers a new business discount to new customers.
Get a quote! As a resident of Ontario, you will automatically qualify for a 5% discount on eligible coverage* if you complete a car insurance quote using our online quoter right now. What do you need to get a car insurance quote? Simply provide us with your postal code, VIN, estimated annual mileage, and some specifics about your driving history.
Learn more about how to save on car insurance
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You could save up to 25% on your car insurance premium with TD MyAdvantage
Introducing TD MyAdvantage, a usage-based insurance savings program that is 100% voluntary and free. The safer you drive, the more you could save!

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You could reduce your deductible by 10% each claim-free year.
Be rewarded for your good driving record. Find out how you can save on your car insurance.

How to Get a Car Insurance Quote in Ontario
Driving in Ontario may mean that you are headed down the 401 during an icy snowstorm, or sitting in traffic on the Gardiner Expressway, gazing at the summer skyline. When inside your car, feel confident your coverage fits your needs.

As a resident of Ontario, you will automatically qualify for a 5% discount on eligible coverage* if you complete a car insurance quote using our online quoter right now. The personalized quote will also be emailed to you so you can refer to it at any time. If you want to save up to an additional 25% on your premium, download and use the TD MyAdvantage app!

Keep in mind that the minimum car insurance coverage required is determined by the Government of Ontario and may vary in comparison to Alberta, New Brunswick, Newfoundland/Labrador, Nova Scotia, Prince Edward Island, and Quebec. In addition, premiums can vary depending on the area in which you reside, typically being higher in major urban centres, such as Toronto.

However, the online quoter will show you some ways you can save. Take advantage of preferred rates for alumni and professionals by selecting up to three eligible groups!
Compare car insurance quotes online
to get the lowest rates

Looking for the best rates on car insurance? You’ve come to the right place. At LowestRates.ca, we’ll help you compare the most competitive offers from Canada’s leading auto insurance companies. You’ll get the policy that suits you best while saving time and money.

Just fill out our insurance form and click ‘Compare’ to find your quotes. Auto insurance rates for the same driver with the same car can vary wildly between insurance companies, which is why comparing rates is the only way to get the best deal.

Cheap
It’s time to get your cheap on. See the cheapest insurance rates available for a driver with your profile, record, location, and vehicle.

Quick
Not quite the blink of an eye, but close. We ask only six questions to get the ball rolling, and then you’ll get your car insurance quotes in under 3 minutes.

Free
Our quoting service is absolutely, 100% free for our users, so comparing quotes won’t cost you a dime.

Easy
No rocket science here. Just fill in a few quick details about you and your vehicle and leave the rest to us.

Unbiased
At LowestRates.ca, top insurers compete for your business on an even playing field. They provide their best rates, and we compare them for you.

Comprehensive
We cast a wide net. Our quoter brings you 20+ personalized car insurance quotes from all the top insurers in the area where you live.

Secure
We only ask for the details we need to find you the best quotes in your area. Your information will never be given to a third party.

Awesome
What’s better than getting the best rates on car insurance in under 3 minutes, for free? Getting to save your time and money too.

How do I find the cheapest auto insurance rates?

Online quote comparison sites like LowestRates.ca make it simple – just fill out our auto insurance form with your driver details (postal code, driving experience, vehicle make and model, etc.), and then we’ll find and rank the cheapest auto insurance rates available to you.

Once you’ve selected your quote, you’ll be able to speak directly with an insurance broker who’ll help you lock in your rate with the insurance company and get set up with your new policy. Shopping for car insurance has never been quicker or easier.

$121.50
Check out a recent rate from one of our users.

Car Type
Honda Civic
Driver
57-year-old woman
Date
9:45 AM today
Get your rate
What can I do to get cheap car insurance?

It’s easy — if you know how. Here are some of the best ways to lower your auto insurance premiums:

Shop around
We’ll show you the most competitive rates from all the top insurers. Now you can compare quotes all in one place.

Buy the right coverage
Avoiding extra frills in your policy and paying for only the coverage you need will lower your premiums.

Drive responsibly
It’s true — your driving record impacts your rate. Fewer infractions and fines equals cheaper insurance.

Pay on time
Prompt payments can save you money on late fees and lower your premiums. Insurers love a good customer.

Bundle up
Adding a house, motorcycle, RV, or other type of insurance policy to your car insurance plan can lower your rates.

Be safe, not sorry
Safety features like winter tires and alarm systems can help reduce your insurance premium.

Stick with one insurer
Most auto insurance companies give special discounts to customers who stay with them for a number of years.

Take a course
A defensive driving course makes you a better driver and can significantly reduce your car insurance premiums.

Keep driving
The math is clear: more experience on the road equals lower car insurance premiums.

Look at location
Where you drive affects your premiums. Some areas are associated with higher car accident and theft rates.

Choose the right car
Cars with high crash-test scores, low theft ratings, and less powerful engines tend to have cheaper insurance rates.

Track your driving
With a usage-based car insurance policy, you can turn your low-risk driving habits into lower premiums.

Types of auto insurance coverage

Getting the best auto insurance policy isn’t just about the lowest price. It’s also about finding the right coverage, so you’ll be financially protected if you get into an accident.

Here are the categories of coverage available in Canada:

Liability insurance
This insurance is required by law throughout Canada. It covers the costs associated with damages caused to another person or vehicle in an accident, including medical bills, rehabilitation, lost earnings, legal fees, and other expenses up to the limit of your policy. As a practical matter, you’ll want enough insurance to cover a judgment against you in a major accident so that your personal assets won’t be put at risk.

Emergency road service
ERS insurance provides you with roadside assistance in the event of a breakdown or mishap while you’re out driving. It also covers the cost of getting your car back on the road. Those costs may include light mechanical labour, an oil or gas delivery, new batteries, a boost, tire changes, locksmith services, or even a tow. With help on the way, ERS takes the stress out of a breakdown.

Comprehensive insurance
This type of auto insurance covers damages resulting from incidents that aren’t related to car accidents or collisions. Comprehensive coverage often includes hazards like extreme weather, vandalism, falling objects, fire, theft, and flooding.

Collision insurance
Collision insurance covers damage to your car in the event of a vehicle rollover or a collision with another vehicle or object. If your car is totalled, collision insurance will pay the cost of replacing it.

Uninsured motorist coverage
Covers costs related to your injury or death after an accident caused by another driver who’s either uninsured or unidentified, as in the case of a hit-and-run driver. Keep in mind that this coverage only pays for damage to your vehicle if the uninsured driver is also identified.

Direct compensation property damage
Available only in New Brunswick, Nova Scotia, Ontario, and Quebec, DCPD covers your car for losses and damages after an accident that you weren’t entirely responsible for. But the other driver has to be identified, insured, and found to be at least partially at fault.

All-perils insurance
Provides protection for you against all types of perils except those specifically excluded from your policy.

Accidents benefits coverage
Provides you with medical care and income replacement benefits if you’re injured in a car accident.

No-fault insurance
Deal with your own insurer regardless of who’s at fault in an accident. With no-fault insurance, you don’t have to pursue the other driver’s insurance provider to get compensation. Your insurer will pay for your benefits, so your medical bills get covered and you can get back on the road.

Specified perils
This type of auto insurance only covers the perils named in your policy, and it generally includes commonly occurring hazards such as fire, theft, hail, and windstorms. Specified perils is often purchased as a cheaper alternative to comprehensive insurance.