The average cost of car insurance in London is approximately $1,400 annually. Most drivers are in the $1,300-$1,600 range to insure their vehicle. This is much less expensive than car insurance in Ontario in other areas such as the GTA.
How much is insurance typically on a vehicle per month in Ontario?
The average monthly car insurance rates in Ontario are between $125 to $158, depending on which part of the province you live in. This is the highest average car insurance rate among all provinces in Canada.
Is it more expensive to insure a car in London?
Drivers in London can expect to pay up to double for cover compared to motorists in other parts of the country.
What city in Ontario has the highest insurance?
In Ontario, the types of auto insurance you need to have by law are: Liability Coverage, Direct Compensation, Uninsured Automobile Coverage, and Accident Benefit Coverage.