Most Costly Place to Insure Your Automobile in Ontario

Vaughan, Ontario has changed Brampton as Ontario’s costliest metropolis for automobile insurance coverage in 2021, in line with a brand new report from fee comparability web site Charges.tka.

With an estimated annual insurance coverage premium of $2,179, Vaughan is now the most costly metropolis in Ontario. Brampton, the previous title holder, is in fourth place, averaging $1,976 per yr, about 27% cheaper year-on-year.

Excessive auto insurance coverage premiums have plagued Brampton for years, with the town even going as far as to approve a proposal final March to foyer the province to finish “postal code discrimination”. . It refers back to the observe of insurers pricing premiums primarily based on total claims frequency in a given geographic space, quite than particular person driving conduct.

In 2021, charges in Brampton dropped considerably to 26.8% as a consequence of low claims exercise associated to the pandemic. And though Vaughn ousted Brampton as the town with the best common premium, solely a $200 distinction separates them, notes Tanisha Kishan, an insurance coverage professional at

“Vaughan’s declare frequency may have been barely larger than Brampton for that point interval,” says Kishan, a chartered insurance coverage skilled, with the northwestern suburb taking the highest spot this yr.

In Ontario, the typical premium final yr was $1,555, a 3.8% lower from 2020, when the typical was $1,616, in line with knowledge from’s AutoInsurmap. The interactive on-line map lets customers seek for estimated auto premiums by postal code. Vaughn combines the premiums of Woodbridge, Thornhill, Harmony, Kleinberg and Maple; The speed estimates are primarily based on the 35-year-old driver of the 2018 Honda Civic, who has a clear driving file.

However, the most cost effective cities for auto insurance coverage premiums had been Cornwall, Elizabethtown, Amherstview, GNOC, Martintown, Iroquois, Brockville and Kingston, the place annual premiums have been estimated at $1,132. However even once they dropped out of the underside of the provincial rankings, these communities nonetheless noticed their charges rising from yr to yr (2.3% for Cornwall and a pair of.6% for all different cities).

Different places similar to Napenny, Trenton, Port Hope, Coburg, Belleville and Picton noticed their premiums enhance 6.5% year-over-year, estimated at $1,175. The exception to this listing is Kendall, which noticed a 7.6% year-on-year lower.

Kishan means that the speed enhance could also be associated to the migration of metropolis dwellers to the nation. “Due to distant work, individuals tended to maneuver a bit bit and the variety of automobiles on the highway may have elevated barely,” she says, including that extra knowledge is required for a definitive conclusion. Extra possible, drivers in these communities maintained comparable commutes.

General, costs have come down at most locations within the state. In line with RatesDotka, the most important total discount in Ontario auto insurance coverage premiums over the previous 5 years was brought on by a variety of components, however notably:

  • Professionals who use their automobiles much less whereas working from residence
  • Insurance coverage suppliers provide aid measures by lowered charges and reductions
  • Fewer new drivers behind the wheel as a consequence of backlogged testing schedules

Toronto noticed a big discount in drivers, as did suburban drivers who commute to the town for work. The typical annual premium for Toronto, together with its suburbs, was $1,952 in 2021, down 11.3% from 2020’s premium of $2,200.

The cities of Nobleton, Schomburg, Orangeville and King Metropolis, that are 10. tied forth Ranked within the high ten costliest cities, a rise of 14.2%.

Listed below are the highest 10 costliest cities in Ontario for automobile insurance coverage in line with fee aggregator:

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