Thinking of moving? Perhaps this might factor into the decision of where you move to – Some towns in Ontario have lower insurance rates than others. But which towns on Ontario have the cheapest car insurance rates?
My Car Insurance Rate Experiment
I’m an insurance broker. I did a little experiment to find out which Ontario towns have the cheapest rates. I applied my my own personal driving profile to different postal codes in the province.
A little about my driving profile – I’m 45-years-old, single, continuously insured for over 15 years, no tickets in the last 3 years, no accidents or claims in the last 15 years, no license suspensions, and no insurance policy cancellations. I’m a clean driver. I drive a 2013 Kia Optima. I have collision and comprehensive coverage included. I don’t commute because I work from home (pleasure use).
Now for the results…
Cheapest Towns To Insure Your Car:
Here are the yearly premiums for my driving profile in cities and towns across Ontario:
Mississauga: $1350
Downtown Toronto: $1297
Scarborough: $1866
Etobicoke: $1709
Timmins: $907
Ottawa: $829
St Catharines: $890
Port Carling: $939
Kapuskasing: $907
Renfrew: $786
Waterloo: $1025
Lancaster: $882
London: $1046
Dresden: $912
Sault Ste Marie: $865
Thunder Bay: $907
Tobermory: $980
Listowel: $932
Oshawa: $1183
Beeton: $1087
Peterborough: $799
Beaverton: $980
Windsor: $1125
Belleville: $799
Woodbridge: $1676
Stratford: $932
From my small sample size, Renrew has the lowest car insurance rates in Ontario at $786/year.
How does your city or town fare?
Give me a call and I will do a quote for you. Then you can compare where you live to the towns and cities in my experiment above.
