Is car insurance expensive in Oakville?

The average cost of car insurance in Oakville is roughly $1,400 per year, or just over $115 per month.

Is Oakville car insurance cheaper?

Car insurance rates in Oakville tend to be more affordable than other parts of the GTA. Drivers can expect to pay on average around $1,400 annually which less than the provincial average of $1,634. Your cost depends on your address, vehicle, driving history and some other factors.

Which city in Ontario has the highest car insurance rates?

The City of Brampton, which has long held the title as the most expensive city in Ontario to insure a car, saw the largest decline in premiums of 27 per cent.

Where is car insurance most expensive in Canada?

Which cities in Ontario have the most expensive rates?

Rank City Estimated 2021 premium
1. Vaughan $2,179
2. Ajax $2,104
3. Richmond Hill $2,025
4. Brampton $1,976
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How much is car insurance a month Ontario?

The average monthly car insurance rates in Ontario are between $125 to $158, depending on which part of the province you live in. This is the highest average car insurance rate among all provinces in Canada.

How much is insurance in Oakville?

How much is car insurance in Oakville? The average cost of car insurance in Oakville is roughly $1,400 per year, or just over $115 per month.

Which part of Ontario has cheapest car insurance?

Here are the towns or cities in Ontario that have some of the cheapest car insurance rates in 2020:

  • Grimsby and Waterdown ($1,192)
  • Sudbury ($1,165)
  • Sarnia ($1,159)
  • St. Thomas ($1,124)
  • Cornwall, Petawawa, and Russell ($1,107)
  • Kingston, Napanee, Port Hope, Cobourg and Brockville ($1,103)

How do I get cheap car insurance in Ontario?

Here are some tips for shopping around:

  1. Check insurance comparison websites.
  2. Search for Ontario insurance companies that offer new customer discounts.
  3. Check with your company and see if they offer a loyalty discount to stay.
  4. Ask your insurance broker to see if he can find/offer you better rates.

What are the 3 types of car insurance in Ontario?

In Ontario, the types of auto insurance you need to have by law are: Liability Coverage, Direct Compensation, Uninsured Automobile Coverage, and Accident Benefit Coverage. It’s the bare minimum to protect you and your loved ones.

Why is car insurance so expensive in Canada?

On average, Canadian insurers are paying out as much in claims as they’re earning in revenue. … Insurance fraud, increasingly severe weather, and a handful of secondary factors have raised the cost of insurance in Ontario over the last two decades.

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Which province has lowest car insurance?

Among the 10 provinces, insurance rates vary considerably, with Quebec holding the lowest average premium and British Columbia (B.C.) registering the highest figure.

What city has the cheapest car insurance?

Findlay, Ohio, claims the title of the cheapest city for full coverage, with an average premium of just $883 per year. The national average cost of full coverage car insurance is $1,674 per year.

Is 500 a month too much for car insurance?

According to The Zebra, a $500 deductible is the auto insurance industry standard. On average, drivers can expect to pay just over $900, or around $150 a month, for a six-month policy that includes a $500 deductible.

How much should auto insurance cost Ontario?

The average auto insurance cost in Ontario is $1,634 per year. Most drivers pay in the range of $1,300 to $1,800 annually. Rates are higher or lower depending on your location, the type of vehicle you drive, driving history and many other factors.

How much is car insurance in Toronto per month?

The average cost of car insurance in Toronto is roughly $2,000 per year, or about $170 per month.