Driving in Ontario may mean that you are headed down the 401 during an icy snowstorm, or sitting in traffic on the Gardiner Expressway, gazing at the summer sunset over the Toronto skyline. When driving your car, feel confident your auto insurance coverage fits your needs.
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- Lifetime warranty on auto repairsGet a lifetime warranty for as long as you own your car and are insured with us.Lifetime warranty on auto repairsLearn More
- Save 10% when you quote and buy car insurance online.2Go from quote to coverage in just minutes.‡Get a car quote
In Ontario, Mandatory Car Insurance Coverages Include
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. It’s the bare minimum to protect you and your loved ones.
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- Liability CoverageIf you injure someone or damage property, payments are made on your behalf.
- Direct CompensationDamages to your car are covered to the extent at which you are not at fault in a collision.
- Uninsured Automobile CoverageMedical costs and damage are covered if an uninsured driver is at fault.
- Accident Benefits CoverageRegardless of who is at fault, medical and other expenses you are entitled to receive are covered.
Enhanced and Special Coverage for Ontario
Choose one of these options for beyond-the-minimum protection for your car.
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- Specified PerilsProtects your vehicle from specified perils such as losses caused by fire, floods, hail or theft.
- ComprehensiveAll other insured damage caused to your vehicle (except collision or upset).
- Collision or UpsetDamage to your vehicle caused by a traffic collision with another vehicle or object.
- All PerilsThe broadest level of coverage — combines Collision or Upset and Comprehensive coverage along with increased theft protection.
- Accident ForgivenessWith Accident Forgiveness, your car insurance rates won’t go up if you have an at-fault or partially-at-fault accident.**Accident ForgivenessLearn More
- Uninterrupted Driving CoverageWith Grand Touring, travel worry free within Canada and the U.S. because you’re covered for rental car insurance, a temporary rental car, and even towing.Uninterrupted Driving CoverageLearn More
- Removing Depreciation DeductionIn the event of a total loss, you’ll typically get the purchase price of your vehicle as your settlement value1.Removing Depreciation DeductionLearn More
How Much Does Car Insurance Cost in Ontario?
Well, that depends on a few things. We look at several key factors when calculating your auto insurance premium (and so do other insurance companies):
- Your car make, model, and year are taken into consideration when quoting you a price. The kind of car you have determines its value, safety features, and how much it would cost to repair damages.
- How you drive your car in addition to the number of kilometers you drive every year, including daily commute and business use.
- Your driving record, which includes things like the number of years you’ve all been licensed for, speeding tickets, and accidents.
- The area in which you live affects premiums – whether it’s Toronto, Mississauga, or Bolton.
- The coverage and add-ons you choose might cost more but can provide you with additional benefits that could save you money in the event of an accident.
- We offer ways to save with preferred rates for professionals and alumni being one of the ways. Check out the section below for more information on how to save on your insurance.
Steps to buy car insurance online
- Start your quoteBegin your quote by answering a few questions. With the information you provide we’ll be able to:
- Assess your needs and recommend coverage
- Determine what discounts are available to you
- Give you the most accurate quote
- Customize your coverageOnce you’ve completed your quote we’ll provide you with our recommended coverage options based on your individual needs.You’ll be able to:
- Adjust your deductible amounts
- Alter your coverage limits
- Proceed with buying online‡
- Set up payment, review coverage and buyOnce you’re satisfied with your coverage, you can:
- Review your payment options
- Confirm your payment method
- And review your summary
Save 10% when you quote and buy car insurance online2.
Ways you can save
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- Bundle car and home insurance
- Insure two or more vehicles
- Drive a hybrid or electric vehicle.
How Do I Save On Car Insurance in Ontario?
Here are a few simple tips to save on car insurance in Ontario:
- Insure all your cars with us so you can make the most of our multi-vehicle discount.
- Insure both your car and home with us so that you qualify for a multi-line discount.
- Increase your deductible – insurance is really meant to cover you for damages you could never afford on your own. If you can afford a $1,000 repair job, then raise your deductible to $1,000 and pay less for your insurance.
- Think about removing collision coverage if you drive an older car. This means weighing the cost of collision coverage with the value of your car and chosen deductibles.
- Maintain a great driving record – the safer you drive, the more you could save. By downloading and using the TD MyAdvantage app, which collects and analyzes your driving data, you could save up to an additional 25% on your premium!
- Consider driving a “low-risk” vehicle. Insurance premiums are based on previous claim history, so the more likely the vehicle is to be stolen or in an accident, the more you’ll pay for insurance.
- If you’re a new driver, take a driver’s training course.
- Have an approved, factory-installed anti-theft device installed in your car. We will automatically take this into account when deciding your premium. You would have to opt to have this installed after you get your car, though.