Average Car Insurance Premiums in Canada

[jamesbond]

Hello,

I know this question might have been asked before, but all I could find is that the average price per month premium is around $200-$300 if you have full G license.
Can anyone from Canada tell me what is the average premium per month or 6 months?
I also saw this comment: Never compare the premiums from Canada to those from US.
Why? In US you usually pay $30-$70/month. Is there something I don't understand?

Thank you very much!

 

[explorer101]

Insurance premium varies from place to place. In Toronto and Mississauga it is expensive, with full G it is around $ 300. In Hamilton it is $ 150-200. Ottawa $150-$ 200. After demerit points premium increases more, after accident it rockets upto $500. Every amount before this is per month. After 3 days driver education cource ( costing $150) premium decreases by $30.

The luxary of USA regarding low insurance premium is not available in Canada.
with jamesbond type driving I wonder any insurance company would agree to insure. so dont tell that you are james bond to them. They dont like jamesbond driving and in 3 days cource they will say that 300 times.

 

[pv]

well said, explorer101

If you don't have G and taking insurance on G2, then add 30-50$ more per month

I did some research and TD Insurance were able to give me lowest ( $3200 for a year) with G licence
BelAir direct is another company who gives good rate.

don't try with StateFarm and Allstate and CAA gave me astronomincal figures...

Good luck

 

[canada_dream100]

well said, explorer101

If you don't have G and taking insurance on G2, then add 30-50$ more per month

I did some research and TD Insurance were able to give me lowest ( $3200 for a year) with G licence
BelAir direct is another company who gives good rate.

don't try with StateFarm and Allstate and CAA gave me astronomincal figures...

Good luck

$3200 / year
Is it punishment? I am in USA having really good coverage with Geico and paying $600 * 2 for a year.
Do we have Geico in Canada?

 

[qorax]

@JamesBond

If u could pile-on with another (longstanding) Canadian driver's insurance, u'd save quite a bit. The process called "adding a secondary driver to an existing insurance".

I did that with my Cop Friend's Insurance... & am paying $200/month - this is when I was just a G-1 DL holder (not fit to drive). And that's in Toronto.

Qorax

 

[gjp]

canada_dream100,
I was paying less than $800/yr in USA through Geico. There is no Geico in Canada.
The best I could get in toronto was $3200/yr with a full G license. This rate is only after
1. Getting a document from Geico that I did not have any claims during the last 3 years
2. Getting a driver record from DMV that there were no tickets or any other records.

Some insurance companies were quoting as high as $6000/yr in Toronto ...

 

[pv]

agreed with gjp, my case is similar
I had to submit last 3yrs insurance details and letter from my USA insurance provider that I have no claims and all DMV records.

Qoarx mentioned perfectly, if we get some one known we can add ourself as 2ndry driver

 

[future2010]

Hi guys,

Is it the same price if you buy an old car let's say 2002 or 2005 model?

 

[qorax]

Hi guys,

Is it the same price if you buy an old car let's say 2002 or 2005 model?

The insurance premium varies with price/worth of the car, no doubt. So, with a depreciated value of the veh - the charges would be reduced... But, marginally.

With us, newcomers, none of the other criterion play much a role against the premium - the median/threshold value is higher, so the heavy insurance costs. Besides Canadian auto insurance being already sky high - a Canadian driving history is a must to have some sort of playing field.

Qorax

 

[kyu010170]

Also, other than driving history and type of vehicle, other factors insurers consider are driver's gender, age and even occupation.

I moved my insurance from State Farm in the US to TD Insurance in Canada middle of this year only. I previously paid $780/year (with multi-car and no-accident discount) and now I pay $1,288/year and this is the lowest rate I got after calling about 7 different companies.

TD Insurance has offices across Canada although the signing up process can be done over the phone and without stepping into their office. A competitor insurance agent tried to discourage me by claiming that TD Insurance is only a call-center insurance company and I found this so untrue.

Guys, I encourage you to try TD Insurance. They also have the option of giving you an online quote from their website.

 

[qorax]

@Kyu

That's some awesome rates u got on your insurance. This is by far the best (& least) Ins Premium I've known in Canada.

To all: Yes, TD Insurance is usually the lowest & most hassle free company here.

Qorax

 

[kyu010170]

@ Kyu

That's some awesome rates u got on your insurance. This is by far the best (& least) Ins Premium I've known in Canada.

To all: Yes, TD Insurance is usually the lowest & most hassle free company here.

Qorax

Hi Qorax,

Yes, I did my homework and really shopped around. TD online estimate/quote takes only about a few minutes and if an applicant supplies his correct information (no window dressing whatsoever) and likes the figure that comes up, that rate is binding for the next 14 days. Just be ready to supply all supporting documents, i.e. driving abstract, letter from previous insurers, etc, copy of your driver's license, as mentioned previously.

They also accept premium payments thru monthly debits, instead of requiring quarterly or half-year payments as is done in the US. Per my experience, their sign up process was fast and easy.

And to those who already have auto insurance, you do not have to keep them for a year. If you are unhappy with your rates, you can always cancel and have your fees prorated.

Good luck to all.

 

[S.M.FARHAN]

JUST 250$ PER MONTH.....................................

 

[balu0427]

i am in canada for last three years, i pay $1800 per year for insurance.. this is from TD bank which was lowest when i took it.

first time insurance is always expensive... but what i learnt from insurance companies is they take into account your US insurance history, make sure you get a copy of it.. you might get here cheaper.. but dont expect like what u get there in US

btw i live in NB province which is little cheaper compared to ON or AB

 

[canada_dream100]

One of my friend visits Canada often, since that trip is only for weekends, he can use his USA licence/registration/insurance.

Can someone please share, what is the case for PR applicant,

If someone moves from USA to Canada; in that case, in how many days/weeks/months one need to get Canada driver licence, registration & insurance.
OR till how many days one can use USA licence/registration/insurance.

Thanks.