How Much Does Car Insurance Cost In Ontario Per Month

Ontario 1445 average annual premium. As Ontarians struggle with the economic fallout of a third COVID-19 province-wide lockdown new data from RATESDOTCA suggests that 77 per cent of them are leaving potentially more than 700 in annual car insurance savings on the table. The average price of car insurance per month is 65- 200 depending on the auto insurance premium you are signing for.

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212 per month 2541 per year.

How much does car insurance cost in ontario per month. Auto Life Home Health Business Renter Disability Commercial Auto Long Term Care Annuity. However you should know that while there may be a minimum amount of car insurance quote in which car owners are entitled to pay based on an individuals state of residence there is no maximum. The biggest factor is your location in Ontario.

The Financial Services Commission of Ontario also referred to as the FSCO dictates what can and cannot be used as variables when auto insurance providers are calculating your auto insurance premium. After 3 years youve paid for your car in full and your payments drop to 502 per month. But Quebec residents only pay an average of 717 a 1115 price difference.

However car insurance rates vary significantly across Canada. For example if you pay the provincial average of 1634 annually your average monthly car insurance costs in will be 136. At the age of 25 the drivers average rate is less than half of the lowest rate when they turned 18.

172 per month 2064 per year. Car insurance rates depend on many factors. 1021 rows The average car insurance cost for a 16 year old female is 533 per month or 6400 a.

Ontario drivers pay on average about 1505 annually. Well annual car insurance premiums in Ontario can be compared to a few things 1222 medium coffees at Tim Hortons. 93 per month 1112 per year Intact Insurance.

These estimates can be used as a general range to get a more accurate monthly average. All the more reason for finding affordable car insurance to suit your budget. One of the most expensive province to insure a car in Canada.