Auto Insurance Rate Changes in Ontario
In the spirit of transparency, we have designed a simple calculator below that is created using publicly available rate approval data from the Financial Services Regulatory Authority in Ontario.
Click on an insurer below to find out the total percentage of rate increases or decreases they’ve had in your specified time period. We also went a step further to list which insurers have had less increases in the same time period. Enjoy!
FSRA Rate Approval Calculator
*It is important to note that just because an insurers rate has increased or decreased, it may not reflect your individual actual rate change during this period. Insurance rates are recalculated periodically and can increase and decrease as risk factors of drivers change.
Our Recent Studies
We used a combination of internal and Ministry of Transportation data to pin auto insurance rates and car theft together to see if there’s a correlation.
MyChoice study reveals a 7.66% home insurance rates increase in Canada in 2024. Read on to learn more.
MyChoice Study Reveals a 7.8% Rise in Accidents as a Result of Ontario’s G Driving Test Overhaul. Read on to learn more.