In Ontario, age is one of many factors that insurers consider when determining automotive insurance premiums. The stereotype is that this applies mainly to young drivers, who are known to have higher incident rates and significantly higher premiums than the rest of the population.
Our team reviewed Transport Canada’s latest collision statistics, research from the Insurance Institute for Highway Safety (IIHS) on older driver safety, Statistics Canada population projections and proprietary MyChoice auto insurance quote data in preparation for this article.
Read on to learn how age affects car insurance for seniors and what older drivers can do to keep premiums low.
The Real Insurance Challenge: Severity, Not Frequency
Transport Canada’s motor vehicle traffic collision statistics from 2023, the most recent available at the time of writing, recorded 446 fatalities among people aged 65 and older. That figure includes everyone in the age group, whether behind the wheel, in the passenger seat or on foot.
A 2025 study by the Insurance Institute for Highway Safety in the United States says collisions involving seniors are more likely to be fatal due to “their increased susceptibility to injuries, particularly to the chest, and medical complications, rather than an increased tendency to get into crashes.”
The Share of Senior Drivers Is Growing
Data from the same Transport Canada report shows that over 5.8 million licensed drivers across the country are 65 or older.
Our MyChoice internal data collected through our platform shows that the share of insurance quotes for drivers 65 and older increased from 5.6% in 2020 to 6.7% in 2026.
Population data from Statistics Canada shows that people aged 65 or older made up 19.5% of the Canadian population in 2025. Statistics Canada projects that this share will continue to grow, although the amount varies by projection scenario.
How Much Do Seniors Pay for Auto Insurance in Ontario?
MyChoice.ca’s 2026 auto insurance quote data for Ontario shows that premiums for drivers aged 65 and older are among the lowest in the province. The average annual premium for a senior is quoted at $1,727.
This is not far off the lowest average premium by age group, which is $1,684 for drivers aged 55 to 64. It’s also a far cry from the price for drivers aged 18 to 20, who pay the highest annual premiums on average at $6,118.
Drivers looking to better understand how age, driving history and retirement affect premiums can explore our guide to senior car insurance in Ontario.