Toronto is a vibrant and exciting city, but it’s also one of the most expensive places in Canada to own a car. That’s why it’s important to find the right car insurance company to get the coverage you need without breaking the bank.
Cheap car insurance in toronto of 2024
Here are the top car insurance companies in Toronto for 2024, based on factors like price, coverage, customer service, and ratings:
1. Intact car insurance covarage
- Pros: Intact is the largest car insurance company in Canada, and they offer a wide range of coverage options at competitive prices. They also have a good reputation for customer service.
- Cons: Intact can be more expensive than some other companies on this list, especially for young drivers or drivers with poor driving records.
- Price: Prices vary depending on your driving history and coverage needs, but you can get a quote online or by phone.
- Website: https://www.intact.ca/en/personal-insurance.html
2. Sonnet car insurance covarage
- Pros: Sonnet is a relatively new company, but they’ve quickly become a popular choice for drivers in Toronto. They offer a simple and easy-to-use online platform, and they’re known for their competitive rates.
- Cons: Sonnet doesn’t offer as many coverage options as some of the other companies on this list. They also don’t have a physical presence in Toronto, so you can’t meet with an agent in person.
- Price: Prices vary depending on your driving history and coverage needs, but you can get a quote online in minutes.
- Website: https://www.sonnet.ca/
3. Aviva Canada car insurance covarage
- Pros: Aviva is a large and well-established company with a good reputation for customer service. They offer a wide range of coverage options, including some unique add-ons like rideshare coverage and pet insurance.
- Cons: Aviva can be more expensive than some other companies on this list, especially for young drivers or drivers with poor driving records.
- Price: Prices vary depending on your driving history and coverage needs, but you can get a quote online or by phone.
- Website: https://www.aviva.ca/
More Best and Cheap car insurance in toronto canada of 2024
If you’re looking for the best car insurance in toronto, we recommend comparing quotes from the providers below
4. belairdirect car insurance covarage
- Pros: belairdirect is a direct-to-consumer company, which means they can offer lower prices than traditional insurance companies. They also have a user-friendly online platform and a mobile app that makes it easy to manage your policy.
- Cons: belairdirect doesn’t have as many coverage options as some of the other companies on this list. They also don’t have a physical presence in Toronto, so you can’t meet with an agent in person.
- Price: Prices vary depending on your driving history and coverage needs, but you can get a quote online in minutes.
- Website: https://www.belairdirect.com/
5. The Personal car insurance covarage
- Pros: The Personal is a subsidiary of Desjardins Insurance, one of the largest insurance companies in Canada. They offer a wide range of coverage options and competitive rates. They also have a good reputation for customer service.
- Cons: The Personal can be more expensive than some other companies on this list, especially for young drivers or drivers with poor driving records.
- Price: Prices vary depending on your driving history and coverage needs, but you can get a quote online or by phone.
- Website: https://www.thepersonal.com/
6. CAA car insurance covarage
- Pros: CAA is a well-known and trusted brand, and they offer a wide range of coverage options and discounts for members. They also have a good reputation for customer service.
- Cons: CAA can be more expensive than some other companies on this list, especially for drivers who don’t need all of the bells and whistles.
- Price: Prices vary depending on your driving history and coverage needs, but you can get a quote online or by phone.
- Website: https://www.caa.ca/
| Company Name | Pros | Cons | Price | Website |
|---|---|---|---|---|
| Intact Insurance | Extensive coverage options, top-notch customer service, solid reputation | Potentially higher premiums, especially for young drivers or those with poor driving records | Variable, get a quote online or by phone | https://www.intact.ca/en/personal-insurance/online-services/client-centre.html: https://www.intact.ca/en/personal-insurance/online-services/client-centre.html |
| Sonnet Insurance | User-friendly online platform, speedy quote generation, competitive rates | Limited coverage options, no physical locations | Get a quote online, prices vary | https://www.sonnet.ca/: https://www.sonnet.ca/ |
| Aviva Canada | Comprehensive coverage packages, unique add-ons like rideshare and pet insurance | Potentially higher premiums for younger drivers or those with driving blemishes | Get a quote online or by phone, prices vary | https://www.aviva.ca/: https://www.aviva.ca/ |
| belairdirect | Direct-to-consumer model can mean lower premiums, user-friendly app | Fewer coverage options, no physical locations | Get a quote online, prices vary | https://www.belairdirect.com/: https://www.belairdirect.com/ |
| The Personal | Wide range of competitive coverage options, customer service with a human touch | Potentially higher premiums compared to some budget-friendly options | Get a quote online or by phone, prices vary | https://www.thepersonal.com/: https://www.thepersonal.com/ |
FAQ
1. What is mandatory car insurance in Toronto?
In Ontario, all drivers must have at least third-party liability insurance. This covers injuries or damage you cause to others with your vehicle. The minimum required coverage amounts are:
- $200,000: Bodily injury liability
- $100,000: Property damage liability
2. What types of car insurance coverage are available?
Beyond the mandatory third-party liability, several optional coverages can be added to your policy for extra peace of mind. These include:
- Collision coverage: Repairs your car if it’s damaged in an accident, regardless of who’s at fault.
- Comprehensive coverage: Protects your car from non-collision events like theft, vandalism, fire, or weather damage.
- Uninsured/underinsured motorist coverage: Protects you if you’re hit by a driver without insurance or enough insurance to cover your damages.
- Personal injury protection (PIP): Covers medical expenses and lost wages if you’re injured in an accident.
3. How much does car insurance cost in Toronto?
The cost of car insurance in Toronto varies depending on several factors, including:
- Your driving history: A clean driving record with no accidents or tickets will result in lower premiums.
- Your age and gender: Young drivers and males typically pay more.
- The type of car you drive: Premiums are higher for high-performance or luxury vehicles.
- Your location: Where you live in Toronto can also affect your rates.
- The amount of coverage you choose: More comprehensive coverage will cost more.
4. Where can I get car insurance quotes in Toronto?
Many insurance companies offer online quotes, making it easy to compare rates from different providers. You can also get quotes by phone or through an insurance broker.
5. How can I save money on car insurance in Toronto?
There are several ways to save money on car insurance, such as:
- Shopping around and comparing quotes from different companies.
- Maintaining a clean driving record.
- Taking advantage of discounts, such as good student discounts, multi-car discounts, or anti-theft device discounts.
- Increasing your deductible (the amount you pay out of pocket before your insurance kicks in).
6. What should I do if I need to make a car insurance claim?
If you’re involved in an accident, contact your insurance company immediately. They will guide you through the claims process and help you get your car repaired.
Remember: These are just a few of the most common car insurance questions in Toronto. It’s always best to speak with an insurance broker or agent to get personalized advice on the best coverage for your needs.
I hope this FAQ helps you navigate the world of car insurance in Toronto! Now go forth and conquer the city streets with confidence (and the right coverage)!
P.S. Don’t forget to regularly review your car insurance policy to ensure it still meets your needs.