Vaughan drivers pay highest auto insurance rates in Ontario: Report

torontosun.com
Jan. 26, 2022
Jane Stevenson

Vaughan replaced Brampton as the most expensive city for car insurance in Ontario last year, according to a report from RATESDOTCA.

Although auto insurance rates in Vaughan decreased 6.7% overall, the city became the most expensive in Ontario for average auto insurance premiums at $2,179.

Brampton, on the other hand, saw rates fall by 27%, placing the city 4th on the list of most expensive insurance premiums in the province at $1,976.

“In insurance, the losses of the few are absorbed by the many,” RATESDOTCA expert Tanisha Kishan said in a statement.

“Over the past two years, many Ontarians have been driving much less than they used to, due to pandemic-induced lifestyle changes such as remote work. There has been a corresponding drop in accidents and claims, which means fewer losses to be absorbed,” added Kishan. “This could contribute to the continued decrease in premiums we are seeing now. But it won’t last forever. When Ontarians begin driving more, it is likely we could see a corresponding rise in rates.”

Toronto placed seventh most expensive with the average auto insurance premium estimated at $1,953, representing an 11.3% decrease from 2020.

The study says the average Ontario estimated auto insurance premium in 2021 was $1,555, a 3.8% decrease from 2020, when the average was $1,616. This is based on a profile of a 35-year-old male who drives a 2018 Honda Civic four-door with a clean driving record.

Top 10 most expensive cities in Ontario for car insurance in 2021 (according to RATESDOTCA):

1. Vaughan , $2,179, -6.7% (change from 2020)

2. Ajax, $2,104, -1.7%

3. Richmond Hill, $2,025, -11.4%

4. Brampton, $1,976, -26.8%

5. Mississauga, $1,971, -16.9%

6. Pickering, $1,959, -0.1%

7. Toronto, $1,953, -11.3%

8. Oshawa, $1,833, 12.1%

9. Whitby, $1,792, 0.9%

10. Nobleton, Schomberg, Orangeville, King City, $1,766 14.2%