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.
Is car insurance monthly in Canada?
You can estimate your auto insurance per month by dividing your total amount by 12 months. For example, at the provincial average of $1,634 annually, your monthly payment will be $137. Note that payment schedules can vary by insurer.
How much is insurance on a 300K car?
Quebec, on the other hand, is a hybrid system that offers the cheapest car insurance rates. There you buy injury coverage from the government and property damage from a private insurer. Even though each province set's a minimum standard for coverage, most people purchase a more comprehensive insurance policy.
Where is car insurance cheapest in Canada?
In Canada, families spend an average of $4,000 CAD per year on private or supplemental health insurance. However, do keep in mind that this cost would vary depending on factors such as the overall coverage, deductible, number of dependents, age, health history, and province/territory of residence.