Avis 4,4 (504) Our car insurance rate calculator will show you which Canadian car insurance company will charge you the lowest rate for car insurance.
How much does it cost to insure a car in Canada?
How much does car insurance cost in Canada? On average, Canadian drivers pay between $1,300 and $1,800 for car insurance coverage each year.
How do you calculate car insurance?
Own Damage premium = IDV X [Premium Rate (decided by insurer)] + [Add-Ons (eg. bonus coverage)] – [Discount & benefits (no claim bonus, theft discount, etc.)] This component of your car insurance premium goes beyond your car, and safeguards you, not only against accidents, but mishaps leading to a disability.
How much is insurance on a 300K car?
Yes, $300 a month for car insurance is expensive. The average cost of car insurance ranges from about $60 per month for state-minimum coverage to $166 per month for full coverage, though individual car insurance rates vary based on factors such as driving record, age and location.