|Driver Profile||Age||Estimate car insurance|
|First-time driver (older)||39||$457-$796|
|New Canadian w/ prior driving experience||39||$266-$435|
|Young driver, previously insured w/ parents||22||$292-$650|
|First-time driver (younger)||20||$673-$1,389|
How much is insurance for a new G2 driver in Ontario per month?
The average cost of car insurance for G2 drivers in Ontario is $2,400 yearly. It’s $200 per month.
How much does car insurance cost per month in Canada?
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 car insurance a month in Ontario?
Many insurance providers in Ontario simply divide your annual premium by 12 when determining your monthly payments. This would mean the average cost of car insurance in Ontario per month is $120.41.
How much is insurance a month?
The average cost of car insurance is $720 per year, according to WalletHub data for 2021. This means the average monthly car insurance premium is $60, though drivers may have to pay higher or lower rates based on factors such as their driving record, age, car type, and credit history.
Why is insurance so expensive in Canada?
We all know that car insurance in Ontario is expensive, and this is why. 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.
Which province in Canada has the cheapest 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.
How much car insurance do I need Canada?
This is mandated at a provincial level, and all provinces require a minimum of $200,000 in third-party insurance coverage, except for Quebec, where the minimum is $50,000. Many Canadians set their policy default between $1 million and $5 million.
How much is insurance for a new car and driver?
New South Wales
|25 to 29||$1,681|
|30 to 49||$1,276|
|Family with young driver||$2,329|
How much is insurance on a car in 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 a car insurance per month Toronto?
How much is car insurance in Toronto? The average cost of car insurance in Toronto is roughly $2,000 per year, or about $170 per month.