Do you want to spend less money on car insurance in Toronto?
When it comes to Canadian cities, Toronto has quite a few things going for it. Toronto is home to several professional sports teams, unique attractions and 2.7 million unique Canadians waiting to share their story with you. The city of Toronto is the perfect place to live if you want to be surrounded by the hustle and bustle of one of Canada’s greatest metropolises.
However, anyone who lives in Toronto will confirm that it’s expensive — especially auto insurance. As you may know, Toronto has some of the highest auto insurance rates in Canada. Because of this, it can be difficult for some Torontonians to find a car insurance plan that works for them.
That’s where we come in; the Surex team can help you find cheap insurance in Toronto quickly and easily. Our experienced team of insurance advisors can provide you with attractive, competitive auto insurance quotes in Toronto. We can supply you with ten quotes in ten minutes, giving you the ability to search for car insurance plans until you’ve found the perfect match.
This coverage relates to the replacement/fix cost of the other vehicle or property if you’re involved in an at-fault accident.
This coverage protects your vehicle from damage that doesn’t happen in an accident. Theft coverage is also here.
If you’re involved in an at-fault accident, his coverage covers the replacement/fix cost for your vehicle.
If you have a great driving record, some insurers will be willing to offer you accident forgiveness.
If you want coverage for the windows of your car, it would be found here. Windshield will include an annual fee and a small deductible amount.
You can have your car insurance coverage extend to protect you while driving a rental vehicle.
This coverage provides you the replacement value of the car that has been damaged. Depreciation is not subtracted from the value of the item.
Based on coverage, it protects you or a family member if injured or killed in an accident caused by an uninsured/underinsured motorist.
Car Insurance in Toronto - What You Need to Know
- Lower your kilometres — Lowering the number of kilometres you put on your vehicle each year is a good way to lower your insurance premium in Toronto. Luckily, Toronto has a good public transit system (the TTC), which can provide a convenient alternative to your drive to work. Alternatively, seek out the growing number of bike lanes throughout the city, or try walking to work one day per week.
- Compare your options — Perhaps the single best way to lower your car insurance rates in Toronto is shopping around online. By using a rate comparison site like Surex, drivers can quickly compare offers from up to ten of Canada’s leading insurance companies. So instead of blindly renewing with your current insurance provider, see what’s out there. Lowering your premium by even a few dollars per month will add up over the course of your full 12-month coverage. And getting a quote is free — so shop the market each year before renewal. You never know what changes in your situation — or what regulatory changes the province has made — can have an impact on your insurance premiums in Toronto.
- Don’t miss payments — Insurance companies in Toronto generally lower your rates if they view you as low-risk, and raise your rates if they view you as high-risk. The best way to make sure you’re squarely in the former camp is by staying on top of your auto insurance payments in Toronto. Building a history of accident-free driving and reliable payment-making is one of the strongest ways to signal to your insurance company that you’re the kind of customer they don’t have to worry about and want to keep on their books.
- Bundling discounts — If you have multiple insurance policies (ie. condo insurance and auto insurance), speak to your dedicated insurance assistant about bundling. By combining different policies with the same insurance company, customers can typically expect a 15% discount on their car insurance and a 10% discount on their home, condo, or renter’s insurance in Toronto. Bundling your policies not only streamlines your finances, it’s one of the easiest ways to save money on your premiums.
At Surex, our three-step process will ensure that you end up with the best car insurance available in Toronto. Here’s how it works:
- Personalized insurance quotes: Surex will capture some of your basic information — either by phone or online — and then shop the market for you. In under 10 minutes, you’ll have up to 10 personalized insurance offers to choose from.
- Customize your offers. Once you receive the initial quote, you can edit your information and compare quotes to find the best overall value.
- Purchase and manage 24/7. Once you’ve selected a quote & reviewed the policy with your dedicated assistant, you can electronically sign documents to receive instant proof of insurance. If you’d rather speak with someone we will connect you with a Dedicated Insurance Assistant to walk you through all the options and answer any questions you might have. Once finished, your documents will arrive in the mail and you can manage your policy 24/7 with our ‘My Surex’ login feature.
- Get ready for congestion - Getting around Toronto by car can be frustrating. Even if you avoid rush hour, you may find yourself in a long line of stopped or slow-moving cars. That’s why it’s important to give yourself lots of time to get where you’re going, and when possible, consider using public transit. Toronto has a robust transit system — including subways, regional trains, streetcars, and buses — that can often get you around the city more quickly than with a car, especially if you’re heading downtown.
- Driving with the TTC - Driving in Toronto means driving with the public transit system, Toronto Transit Commission (TTC). Here are a few things to be mindful of with the TTC: lane-changing buses, passengers getting off and on streetcars, streetcars sharing roads with vehicles (and therefore vehicles needing to stop behind the streetcars, to avoid their opening doors), and large numbers of pedestrians exiting subway stations.
- Be highway smart - Multi-lane highways moving at high speeds is the norm for Toronto and the surrounding area. Before merging onto one of the city’s several highways or expressways such as the Highway 401, Highway 400, Highway 407, Highway 403, the Don Valley Parkway, the Gardiner Expressway, or the Allen Road Expressway, make sure your vehicle is in good condition, your trip is planned in advance, your GPS navigation device is programmed before you hit the road (if you’re using one), and you’re comfortable driving alongside large semi-trailer trucks.
- Parking issues - As you’d expect, parking is limited in the city of Toronto, especially the closer you get to the downtown core. If you plan on using on-street parking, look for the road signs informing where you can and cannot park (and for how long). If you don’t mind paying for parking (or if you can't find any street spots available), look for Green P parking lots. If possible, avoid looking for parking space in the downtown Toronto area altogether.
- Visit Hight Park Zoo
- Check out the ROM
- The Science Center
- Casa Loma
- CN Tower
- Hockey Hall of Fame
- Holy Chuck
- The Burger Cellar
- The Burgenator
Do you have questions about car insurance in Toronto?
In order to secure auto insurance in Toronto, Ontario, drivers need to produce a number of documents, including a valid driver’s license, proof of driver’s education training (if completed), vehicle registration, license plate number, your driving history (this is obtained through Service Ontario), current auto insurance policy information, details of all drivers who will use the vehicle, and payment information (credit card, void cheque, banking information).
Car insurance in Toronto can be very costly, so it’s critical that drivers shop around online to find the lowest rates possible. Aside from getting a free auto insurance quote on a rate comparison site like Surex, drivers should speak to their dedicated insurance assistant about what discounts they qualify for (e.g. Good Student, Claims-Free Driving, Electric Vehicle, Private Parking, Occupational Discounts, Loyalty Discounts, etc.), what price breaks are available if they pay for their premium in full, and what options they have to bundle their various policies.
Yes, drivers in Ontario (including Toronto) are required by the Financial Services Commission of Ontario (FSCO) to have valid car insurance. This includes a minimum of $200,000 worth of Third Party Liability Coverage (covers damages caused to a third party), Statutory Accident Benefits Coverage (covers injuries resulting from an at-fault accident), Uninsured Automobile Coverage (covers damages caused to you by an uninsured driver), and Direct Compensation & Property Damage Coverage (covers damages caused by another driver). If additional car insurance coverage is required or desired — such as Comprehensive or Collision — those can be added to a policy at additional costs.
Car insurance rates in Toronto are determined by a combination of factors. Some of these factors are within the control of the driver (i.e. vehicle make and model, occupation or memberships, driving history, payment arrangement and reliability, winter tire usage, number of drivers on the policy, types of coverages selected, bundled policies), whereas other factors are out of the control of the driver (i.e. age, gender, crime rating of neighbourhood, governmental regulations).
Car insurance rates in Ontario are determined by a combination of factors. Some of these factors are within the control of the driver (i.e. vehicle make and model, occupation or memberships, driving history, payment arrangement and reliability, winter tire usage, number of drivers on the policy, types of coverages selected, bundled policies), whereas other factors are out of the control of the driver (i.e. age, gender, crime rating of neighbourhood, governmental regulations). Talk to a Surex insurance advisor to learn more.