Average Car Insurance Ontario Per Month

The average car insurance cost per month and annual rates among the largest insurers after a dui can range between 116 monthly or 1 397 annually at american family and 455 a month or 5 454 a year at the auto club group. The minimum legal driving age in ontario is 16 years old. The average cost of car insurance premiums in ontario could be around 1400 to 2000 depending on your insurer and the risk you carry.

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The average cost of car insurance in ontario per month will vary based on the amount of your annual premiums.

Average car insurance ontario per month - Average cost of auto insurance in ontario per month one of the most expensive places to purchase car insurance in canada is without a doubt ontario. Under icbc s monopoly british columbians will again pay the highest auto insurance prices in canada with premiums now averaging 1 832 annually. Well annual car insurance premiums in ontario can be compared to a few things 1 222 medium coffees at tim hortons.

According to studies ontario motorists pay 1 500 annually on average for their car insurance while people from other parts of the country pay rates down to 650. If you live in toronto we bet it s more than the provincial average of 1 505 reported by the insurance bureau of canada ibc. Average car insurance in ontario by age.

Quebec 717 per annum. He received a general license when he turned 18 and drives a 2018 toyota corolla se purchased new in january 2018. Our driver is a male living in toronto in the m4t 1w5 area code.

In fact last year kanetix ca estimated the typical toronto driver pays an average of 1 948 for their car insurance. The average cost of a car insurance policy is 937 per year or 78 per month for a policy that meets the minimum requirements of each state. Because average car insurance by age varies based on so many different factors we created a sample driver.

Ontario functions under a no fault insurance structure. See how living closer to work might lower your rates. For example the average car insurance rates in ontario are 1 920 per year but annual insurance premiums are only 912 in quebec and 1 092 in nova scotia.

For example if you pay the provincial average of 1505 annually your average monthly car insurance rates in will be 125. With the average mileage per year in canada hovering around 15 000 kilometres you should check out the average car insurance rates in ontario to compare with yours. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance.

According to ibc the reason why british columbians pay for auto insurance than other drivers across the country is because of lack of competition. Ouch that hurts and prices have probably gotten worse. You can estimate your average car insurance in ontario per month by dividing your total premiums by 12 months.

But the price of your policy will be unique to your situation. Average cost of car insurance in ontario per month for new drivers. However car insurance rates vary significantly across canada.