Depending on a variety of influences, car insurance rates will fluctuate year to year. The average Ontarian’s monthly car insurance cost is $120.41 in 2021.* Behind British Columbia, Ontario ranks as the second most expensive province for monthly car insurance costs in Canada. isure covers what factors determine monthly car insurance rates in the article below, as well as what we can do to help you find the right policy.

Here at isure, we work tirelessly to find you the most cost-effective rates. We offer services, such as personalized attention and complete control over your policy, so you can drive with ease knowing your vehicle is covered. Please get in touch with a member of our team if you have any additional questions.


What determines monthly car insurance rates?

The two main factors that affect your insurance rates are your personal driving history and data from other drivers in your province. For instance, accidents are more common for young drivers; the same risk goes for senior drivers. Taking these factors into account, car insurance rates will often be higher for these age groups. Additionally, where you live will be taken into consideration. For example, driving in a city is different than driving in a rural area. Vehicle usage and the type of vehicle driven will also affect rates, as there are many possibilities for error with various vehicles on the roads.

One major factor that often confuses drivers is whether or not accidents affect rates. Although accidents can affect monthly car insurance, it isn’t just black and white. For instance, if another driver is at-fault in an accident, your rates won’t be affected. But, on the other hand, if accident rates are high in your area, you may be more at-risk if you get into an accident yourself. It can be confusing, which is why a member of our isure team is happy to answer any questions you may have.

What will isure do to help find the best monthly car insurance rates for you?

isure employees are dedicated to helping you find the right policy that’s best for you. By looking through all of the options out there, you can have peace of mind knowing we’ve shopped around for the best insurance rate. isure also offers services, such as telematics discounts, where good driving can help you save even more! Additionally, multiple policies will allow you to save by bundling. Speak with a team member to learn even more about how you can save!

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