Insurance

What Is The Cheapest Insurance In Ontario? Your Ultimate Guide to Affordable Auto Insurance

Are you a resident of Ontario, California, and wondering, “What is the cheapest insurance in Ontario?” If so, you’re not alone! Auto insurance is a necessity for every driver, but it doesn’t have to break the bank. In this comprehensive guide, we’ll delve into the world of auto insurance in Ontario, CA, and show you how to find the most affordable options.

From understanding the average insurance premiums in Ontario to uncovering the cheapest insurance companies and cities, we’ve got you covered. You’ll walk away armed with the knowledge you need to make the best decision for your specific circumstances and potentially save hundreds, if not thousands, of dollars.

So, let’s get started on our journey to discover the cheapest insurance in Ontario!

What Is The Cheapest Insurance In Ontario?

The cost of car insurance can vary widely based on several factors, including your age, the make and model of your vehicle, your driving habits, and the coverage limits you choose. This makes it difficult to determine the “cheapest” insurance option without knowing more about your specific situation.

With that being said, there are a few ways you can try to get the best car insurance in Ontario:

  • Search and compare quotes from multiple insurance companies.
  • Consider increasing your deductible, the amount you pay out of pocket before your insurance coverage kicks in.
  • Take advantage of discounts for things like a clean driving record, insuring multiple vehicles, or membership in specific organizations.
  • Consider lowering your coverage limits or removing optional coverage if you’re looking for a lower premium.

Keep in mind that the cheapest insurance option doesn’t always offer the best value. It’s important to think carefully about your coverage needs and the balance between cost and protection.

The Cheapest Car Insurance Companies In Ontario

The cheapest auto insurance companies in Ontario that offer widely available full coverage policies are:

  • Esurance: $1,053 per year
  • Progressive: $1,154 per year

Current or former military members and their families can purchase coverage from USAA, which offers the second cheapest average rate in the city for $1,102 per year.

Esurance is the most affordable option for Ontario drivers looking for comprehensive coverage. An Esurance policy costs 72% less than a policy from Allied, the most expensive insurer in Ontario. Full coverage policies are policies that include both comprehensive and collision insurance. Please note that your premium may vary for full coverage depending on the liability limits you select.

The cheapest car insurance in Ontario

  1. Esurance – $1,053
  2. United States of America – $1,102
  3. Progressive – $1,154
  4. AAA $1212
  5. With Life – $1,339
  6. Mercury – $1,341
  7. GEICO – $1,361
  8. Statewide – $1,432
  9. Hartford- $1,544
  10. State Farm – $1,557
  11. Farmers – $1,604
  12. Travelers – $1,680
  13. Ally – $1,811

Based on our methodology, we derived average rates for a 40-year-old male driver with full coverage auto insurance.

Full coverage auto insurance is more expensive than a policy that only meets the state’s minimum requirements but also includes comprehensive and collision insurance. This comprehensive coverage gives you extra protection against the cost of repairing damage to your vehicle.

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Comprehensive Coverage – Pays for repairs to your car when it is damaged by a non-collision incident, such as fire, vandalism or a severe weather event.

Collision Coverage – This covers the repair of your car after a collision.

Having only liability auto insurance or minimum auto insurance may be a better option for drivers with older vehicles. This is because the premiums for whole insurance can add up to more than the replacement value of your car.

Cheapest Car Insurance In Ontario For Minimum Coverage

Ontario drivers looking for the cheapest insurance available can opt for a policy that meets only the state’s minimum requirements. The cheapest options for this coverage are:

  • Progressive: $473 per year
  • AAA: $539 per year

USAA has the cheapest average annual compensation at $446, but it’s only available to drivers who are members of the military. A progressive policy costs $356 less per year than the most expensive option, Farmers.

While it is the most affordable option, the minimum coverage does not include comprehensive and collision insurance. You may also have low liability coverage. All this means that you run the risk of not being fully covered in the event of an accident.

Check out the list below to see how rates change based on liability limits.

Cheapest minimum liability car insurance in Ontario

  1. United States of America – $446
  2. Progressive – $473
  3. AAA – $539
  4. Mercury – $559
  5. GEICO – $570
  6. Warranty – $581
  7. Travelers – $649
  8. With Life – $680
  9. Hartford- $747
  10. State Farm – $756
  11. All States – $799
  12. Ally – $823
  13. Farmers – $829

By law, drivers in California must have insurance that meets California’s minimum requirements for 15/30/5 liability coverage. Being the cheapest insurance, it can certainly save you money on the premium. The downside, however, is that you could end up paying significant amounts in the event of an accident.

For example, if you are at fault in an accident and the other driver’s medical bills total $25,000, your insurer will pay $15,000 of that amount. You would be responsible for paying the $10,000 balance.

Cheapest Car Insurance In Ontario If You Have Any Violations

Any driving violation, from speeding tickets and DUIs to at-fault accidents, can lead to higher auto insurance rates.

The most affordable car insurance policies for Ontario drivers with violations are:

  • Cheapest after ticket: Esurance, $1,336 per year
  • Cheapest after an accident at fault: Esurance, $1,657 per year
  • Cheapest after a DUI: Mercury, $2,197 per year

USAA has the cheapest average annual rate at $1,204 for speeding drivers, but only members of the military are eligible under their policies.

Drivers with poor records may see lower premiums after improving their driving records over time. In the meantime, shopping around is the best way to find affordable insurance after a speeding ticket or accident.

Cheapest car insurance in Ontario with a ticket

  1. United States of America – $1204
  2. Esurance – $1,336
  3. AAA – $1,597
  4. With Life – $1,739
  5. Mercury – $1,757
  6. GEICO – $2,013
  7. Allstate – $2,031
  8. Farmers – $2,206
  9. Progressive – $2,208
  10. State Farm – $2,291
  11. Hartford – $2426
  12. Travelers – $2,516
  13. Ally – $2,541

Average Cost of Auto Insurance in Ontario

  • Ontario $1,424
  • California $1,429

The average auto insurance premium for a typical driver in the United States is $1,424 per year, while the average annual cost in California is $1,429. Ontario drivers pay an average of $1,424 per year, which means costs in this city are in line with state and state rates.

Personalized quotes for the cheapest car insurance in Ontario

Insurers take into account factors such as your age, gender, driving experience, location, and more. Therefore, you cannot rely solely on average rates. To determine how much you should pay for your specific situation, compare personalized insurance quotes to find out which company offers the best rates.

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Best car insurance companies in Ontario

We analyzed the average rates, claim ratings, and user satisfaction scores of various auto insurance companies and found that the following insurers offer the best auto insurance in Ontario:

  • Esurance: 89 out of 100
  • AAA: 87 out of 100

Since USAA does not offer policies to non-military drivers, we do not include the company in this analysis. However, it received a score of 94 out of 100, making it the top auto insurance company in Ontario.

1. Esurance

Esurance’s full coverage policy costs an average of $1,053 per year. The company was ranked second in customer satisfaction, fifth in complaints, and ranked highest in affordability. Covers custom parts.

Esurance offers many unique coverages with its policies, including roadside assistance, car rental and/or travel reimbursement, gap insurance, rideshare insurance, and custom parts coverage, unique coverage rarely offered by most insurers. With custom parts coverage, you’re covered for up to $4,000 for damage to aftermarket equipment installed in your cars, such as fancy sound systems, a custom grill, or an exhaust system. Your standard collision and comprehensive insurance do not cover these aftermarket upgrades.

2. AAA

AAA ranks highest in customer satisfaction and complaints with the second highest score in affordability. On average, a full coverage policy costs $1,212 per year. The policies include identity theft coverage, a coverage option rarely offered by other providers.

AAA’s full coverage policies include coverages such as roadside assistance, car rental and/or travel reimbursement, and identity theft coverage. Identity Theft Coverage protects in the event of identity theft through real-time fraud alerts, social security number monitoring, fraud resolution support, and more. With roadside assistance coverage, AAA provides fuel delivery, flat tires, starting and battery replacement, and vehicle lockout service if you’re stranded on the road. Esurance car rental and/or travel expense coverage pays for rental or public transportation costs if your vehicle is undrivable.

Average car insurance costs by zip code

Where you live in Ontario affects your annual car insurance premium. This is because different neighbourhoods have different rates of auto theft, accidents, and uninsured drivers. In Ontario, drivers in the 91761 zip code pay about $90 more per year than drivers in the 91764 neighbourhood.

  • 91761 – $1,373
  • 91762 – $1,437
  • 91764 – $1,463

Cheapest Car Insurance Companies in Ontario

Now, let’s delve into some of the cheapest car insurance companies in Ontario, CA. Keep in mind that the rates can vary depending on your individual circumstances and the coverage you choose. Here are a few notable options:

  • GEICO: GEICO is often recognized for its competitive rates. On average, GEICO offers car insurance for around $462 per year.
  • Wawanesa: As per data from Quadrant Information Services, Wawanesa is among the cheapest car insurance companies in Ontario. Their rates are often budget-friendly.
  • Kemper: Another budget-friendly option, Kemper offers competitive rates for Ontario residents.
  • Mercury: Mercury is known for its affordable car insurance rates in the region.

Cities with the Cheapest Car Insurance in Ontario

If you’re curious about which cities in Ontario have the cheapest car insurance, look no further. Here are a few cities with lower average insurance rates:

  • Kendal: With an average rate of $1,271, Kendal stands out as a cost-effective place for auto insurance.
  • Port Hope: Residents of Port Hope enjoy an average rate of $1,175 for their car insurance.
  • Amherstview, Brockville, Iroquois, Martintown, Elizabethtown, Cornwall: These cities also offer affordable insurance options.

Factors That Affect Your Auto Insurance Premiums

Your personal circumstances play a significant role in determining your auto insurance rates. Here are some of the key factors that insurers consider when setting your premiums:

  • Driving Record: Your past driving history, including accidents and traffic violations, can significantly impact your rates. Safe drivers often pay less.
  • Vehicle Type: The make and model of your vehicle, as well as its age, can influence your premiums. Newer, safer cars typically cost less to insure.
  • Location: Your place of residence can also affect your rates. Certain areas may have higher or lower rates due to factors like crime and accident rates.
  • Coverage Level: The amount and type of coverage you choose can impact your premiums. Minimum liability coverage is typically cheaper than comprehensive coverage.
  • Age and Gender: Young and inexperienced drivers tend to pay higher premiums. Gender can also be a factor in some cases.
  • Credit Score: In some states, your credit score can be used to determine your insurance rates.
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Practical Tips to Lower Your Auto Insurance Premiums

Now that you have a grasp of the average premiums and some affordable insurance providers, let’s explore actionable advice to lower your auto insurance costs in Ontario:

  • Shop Around: Don’t settle for the first quote you receive. Get multiple quotes from different insurance companies to compare rates and coverage options.
  • Bundle Policies: If you have multiple insurance needs, consider bundling them with the same provider. This often results in discounts.
  • Increase Deductibles: Raising your deductibles can lower your premiums, but make sure you can afford the higher out-of-pocket expenses in case of a claim.
  • Maintain a Clean Driving Record: Safe driving is not just good for your well-being; it’s great for your wallet. Avoid accidents and traffic violations.
  • Drive a Safe Vehicle: Consider driving a car with safety features and a good safety record. Insurers often provide discounts for safer vehicles.
  • Improve Your Credit Score: In some states, a good credit score can lead to lower insurance rates. Pay your bills on time and manage your credit responsibly.
  • Take Defensive Driving Courses: Completing a defensive driving course can earn you discounts on your insurance.
  • Consider Telematics or Usage-Based Insurance: Some insurers offer programs where your rates are based on your driving habits. If you’re a safe driver, this can lead to significant savings.
  • Review and Adjust Your Coverage: Periodically review your coverage to ensure it still meets your needs. If you no longer need certain types of coverage, removing them can lower your premiums.

FAQs: What Is The Cheapest Insurance In Ontario

Is it possible to get car insurance for less than $1,000 per year in Ontario?

While it’s challenging to find insurance for less than $1,000 per year in Ontario, it’s not impossible. Several factors, such as your location, driving record, and the type of coverage you select, will influence your rates. Shopping around and exploring discounts can help you find more affordable options.

Are online quotes accurate for Ontario car insurance?

Online quotes are a useful starting point, but the final rate you receive may differ based on the insurer’s assessment of your specific circumstances. It’s best to use online quotes as a reference and follow up with the insurer for a precise quote.

How often should I review my auto insurance coverage?

It’s advisable to review your auto insurance coverage annually. This ensures that your policy aligns with your current needs and circumstances. It’s also a good time to explore potential savings opportunities.

Conclusion – What Is The Cheapest Insurance In Ontario

What is the cheapest insurance in Ontario? The cost of auto insurance can vary widely depending on several factors, including your location, the type of vehicle you drive, your driving habits, and the coverage limits you choose. It is not possible to determine the cheapest insurance option in Ontario without considering these factors.

In conclusion, the quest for the cheapest insurance in Ontario is attainable with the right knowledge and actions. Start by understanding the average insurance premiums in your area, considering your personal circumstances, and exploring insurance providers known for their budget-friendly options.

Remember that factors like your driving record, vehicle type, and location play a significant role in determining your insurance rates. Real-life examples illustrate how individuals have successfully saved on their auto insurance in Ontario, and the FAQs address common concerns.

To achieve the goal of finding the cheapest insurance in Ontario, apply the practical tips we’ve provided, and remember that shopping around and exploring discounts can lead to significant savings. Take control of your auto insurance costs and drive confidently knowing you’re getting the best value for your money. Happy and safe driving!

9jaboizgist

I am Mr. 9jaboizgist, a dedicated content writer and the proud owner of 9jaboizgist, a versatile blog covering a wide array of topics. With a passion for blogging and a knack for delivering up-to-the-minute information, I specialize in curating engaging content in the fields of technology, business, finance, banking, loans, insurance, and the Internet.