What is the average auto insurance rate in Canada?
According to the Insurance Bureau of Canada, Ontario has the highest average auto insurance rate in Canada, averaging $1,655 per year. British Columbia and Alberta are in second and third place, averaging $1,582 and $1,514 respectively. Drivers in Quebec pay the least in Canada, with an average premium of just $857.
How do I get the cheapest car insurance in Canada?
There are a few ways that you can lock in the cheapest car insurance in Canada. Try out the following strategies to save money on your next policy. Shop around to compare prices. You should look at your rates every couple of years to make sure you’re getting the best prices, and compare quotes with at least 5-7 providers to lock in the best deal.
Which Canadian provinces have the least expensive car insurance premiums?
Note: This data is current as of July 2022, according to Canada Drives. Quebec has the least expensive insurance premiums of all the Canadian provinces. Rates are not increasing at the same pace as in other provinces. Because Quebec’s insurance regulations are not as strict as other provinces, rates remain low.