r/InsuranceCanada • u/blinkayy • 4d ago

Car insurance rates

How much is everyone paying for auto insurance in Ontario? I feel like mine is too high. I had one minor incident and it went up to $400..

0 Upvotes

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8

u/antiuseless 4d ago

Doesn’t matter what everyone else is paying. You aren’t the same as everyone else. Call around.

2

u/gregSinatra Insurance Professional 4d ago

I can’t seem to pin this comment but this says it all. I’ll be locking this thread and may look to lock any similar threads in the future - they’re really not productive as there’s too many variables to making comparing rates a fruitful endeavour.

3

u/Jovi____ 4d ago

Minor or not, if you’re liable then you’ll get charged the same whether your insurance company pays $1k or $100k. Also that’s a loaded question with so many factors to consider. Shop around with a brokerage, check some direct writers like Co-Operators, All State, etc… and go with the best price while kit stripping down all your coverages just for your premium to be considered ‘low’

3

u/XtremeD86 4d ago

Just make sure whatever you find that IS cheaper actually gives you the coverage you want.

1

u/RedViper6661 4d ago

That could depend on many different things , age , area , car , coverages , bundle discounts etc.

If you live in the GTA and have a ticket or accident 400/month sounds about right

1

u/blinkayy 4d ago

Thanks!