50+ Ratings on Google!

Car Insurance Calculator

3 minutes can save you hundreds. Enter your postal code below and join thousands of Canadians saving on car insurance.

Secure. No Spam. No Fees.

Why You Can Trust MyChoice

MyChoice serves as an independent intermediary between you, financial institutions and licensed professionals without any additional charge to our users. In the interest of transparency, we disclose that we partner with some of the providers we write about – we also list many financial services without any financial gain. MyChoice does not operate a financial institution or brokerage and to ensure accuracy, our content is reviewed by licensed professionals. Our unique position means that we hold no recurring stake in your policy, ensuring our mission to help Canadians make better financial decisions is free of bias or discrimination. 

How to Compare Car Insurance Quotes with MyChoice

Comparing car insurance quotes with MyChoice is as simple as it gets:

Share Your Car Insurance Needs​

Tell us what you want out of your auto insurance.

Shop for the Best Deals​

Compare auto insurance quotes from the best Canadian insurers.

Secure Your Rates​

Pick the best deal and lock your rates on our site.​

Recent Quotes From Our Users

Monthly PremiumsDate & TimeQuote TypeAgeGenderPostal Code
$100.77Feb 25, 2024, 01:59 AMAuto48MaleN2J0B8
$43.74Feb 25, 2024, 08:04 PMHome51MaleL7A5A7
$16.60Feb 25, 2024, 10:32 PMTenant37FemaleM4S1K3

How MyChoice Works



have compared rates and saved money over the last 24 hours
Leah D
Leah D
July 19, 2023
I was able to get a tenant insurance quote and a car insurance quote for my Jeep on the same day, in the same place, super fast and convenient, less than 10 mins! Would use again and would absolutely recommend
Imaan Pirani
Imaan Pirani
July 13, 2023
Got a great quote for my Camry and to my surprise was able to purchase online... They passed all my information to the companies website automatically and it made the process a breeze!” Highly recommend
David Ifejika
David Ifejika
July 13, 2023
I was shopping around for car insurance and a friend suggested that I try MyChoice to help find the least expensive insurance for my partner and I. It was very reliable, straightforward and user friendly. It made finding new car insurance easy!”
Ty Warner
Ty Warner
July 12, 2023
I was able to bundle my home and auto insurance with My Choice. Getting a quote for both was pretty quick, once I had done my auto portion I had the option to easily check my home insurance too so that was ideal!
John Doyle
John Doyle
July 7, 2023
Recently closed on a place in Markham and was able to get a great home insurance quote in minutes with MyChoice. Purchased online through square one right on closing day!
Tim Borgstädt
Tim Borgstädt
July 4, 2023
I don’t always shop around when it comes to my insurance but I’m glad I did this time, My Choice had a good range of options and I was able to chat to a broker once I found a quote that I liked!
Hao Sheng
Hao Sheng
June 30, 2023
I got a great quote from mychoice. Would definitely recommend everyone to start a quote. I got a much cheaper rate from CAA than my TD
Leo Brasil
Leo Brasil
June 19, 2023
Great experience getting an online quote, quick and easy. All things considered, it looks like I'm going to save around $80 a month on my car insurance!
Mark Whiteley
Mark Whiteley
June 19, 2023
I was shopping around for home/auto insurance because my rates seemed to skyrocket on renewal. MyChoice allowed me to easily search for the most competitive rate, and next thing I know I'm saving $400 a year. Strongly recommend it!
Article Contents
By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on June 8, 2023

Visit author page
By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated June 8, 2023

Visit author page

4 minute read

Article Contents

Use Our Car Insurance Calculator By Entering Your Postal Code

[logo-carousel id=carousel-1]

Are You Paying Too Much For Your Car Insurance?

Do you know if you are paying more for car insurance than you need to? Unfortunately, many people remain with the same insurance company for years and lose out on potential savings and benefits.

Your premiums can change every year based on many factors making it important to compare different quotes at least once a year to make sure you are still getting the best deal.

How Car Insurance Rates Are Calculated

In Ontario, car insurance premiums are estimated based on the coverage level and deductibles you set plus many factors including information about your vehicle, the safety and theft rating of your neighborhood.

Every insurance company uses its own formula, however. Some insurance companies may give more weight to your driving habits than the car you drive, while others will put more weight on your mileage and current driving habits. Each insurance company may also offer its own discounts and qualifications.

Source: Kanetix Study

*Actual Quoting Data. Based On A Clean Driving Record.

What Is a Car Insurance Calculator?

Our calculator allows you to compare insurance rates from dozens of insurance companies by providing just a few personal details. You can easily compare coverage, deductibles, discounts, and rates from multiple providers with no obligations to give you a rough estimate of potential savings.

For the most accurate premiums, you can provide the following information – remember the more accurate you the better quote we can provide:

  • Location
  • Driver’s license for your driving history and personal information
  • Past insurance claims history
  • Vehicle information
  • Coverage and deductible
  • Optional coverage
  • Discounts for which you qualify

Using a car insurance calculator is a free and easy way to reduce your insurance costs and even explore different factors that affect the rate you pay.

What Different Factors Affect Car Insurance Premiums?

There are many factors that influence your car insurance premiums. Some of these factors are in your control, such as your policy limits and deductibles. Other factors may be outside of your control, such as your age and where you may live!

  1. Deductibles: The deductible is the amount you pay out-of-pocket when you make a claim for damage to your vehicle. In general, the higher the deductible, the lower your premiums.
  2. Driving Record: Your driving history is an important factor that car insurance companies use to assess the risk that you will be involved in another accident.
  3. Demographics: Drivers who are under 24 generally pay higher insurance rates than someone with a longer and strong driving record. Female drivers are usually safer drivers than men with lower rates. Married people also tend to pay less than single people for insurance.
  4. Vehicle Type: Your car’s make, model, and year will be used to calculate your premium for many reasons, including theft risk, safety rating, and value.
  5. Geographic Area: Your insurance estimates will be based, in part, on where you live and the rate of theft, burglary, and other forms of crime in your area.
  6. Driving Purpose and Habits: Your car insurance company will want to know whether you drive mostly for business, commuting to work, or for pleasure, which helps determine your risk for an accident. Your annual mileage and other driving habits can also affect your premiums.
  7. Credit History: Studies have found that, on average, people with poor credit tend to make insurance claims more frequently than people with very good credit.

What Are Some Ways to Save on Car Insurance?

While using this calculator, keep in mind the many other ways you can save even more on your annual quote. For the most part there are many variables that are within your control, so here are some of the more prominent different ways you can save.

Pay for the Coverage You Need

Car insurance is mandatory with a minimum of $200,000 in liability coverage in Ontario. Still, getting a policy with just the minimum amount of coverage is unlikely to give you the protection you need. It’s usually a good financial decision to choose higher coverage limits than necessary and consider optional coverage.

Just make sure you aren’t buying coverage you don’t really need. It’s wise to get full coverage (collision and comprehensive) for a newer vehicle, but comprehensive coverage may not make sense for an older car.

Increase Your Deductible

The deductible, or how much you pay for repairs if your car is damaged, is a major factor influencing your insurance rates. Increasing your deductible means you’re willing to pay a greater share of the costs if you need to make a claim and this can result in a much lower estimate. Just make sure you can afford to pay your deductible if you’re in an accident. If you aren’t sure if this is the right move, compare insurance rates with different deductibles to see how much you could save each year and how long it would take for the savings to make up the difference between two deductibles, such as $200 and $500.

Ask About Discounts

Every car insurance company should have its own discounts. It’s always a good idea to find out what discounts are available and how you can qualify. Some of the most common discounts may include:

  • Good student
  • New car
  • Winter tires
  • Retiree
  • Green vehicle
  • Military or occupational if you work in a specific field
  • Home ownership
  • Multi-policy

Get Usage Based Coverage

Many car insurance companies in Ontario offer a discount if you install a telemetrics device in your vehicle that monitors speed, hard braking, and the time of day you’re driving. This type of coverage is called usage-based insurance. If you have good driving habits, you can get a discount of 10% or more, but bad driving habits cannot result in a rate increase according to regulations.

Pay in Full

If you can afford to pay your car insurance premium in full rather than monthly, you can save more than $60 per year. Even if you can’t pay the 12-month premium upfront, you may still qualify for a discount if you pay a 6-month premium in full.

Improve Your Credit

You may not realize it, but your credit can be affecting your car insurance premiums. While there’s nothing you can do immediately to address this, you can work to improve your credit score over time to qualify for better rates. Focus on paying down debt, establishing a positive payment history without late payments, and never using more than 30% of your available credit limits.

Car Insurance Calculators By Province



The Latest

Congratulations! You made it to the end!

Now, here is the easy part: complete your quote in under 2 minutes
Secure. No Spam. No Fees.

Discover More About

Learn about ten essential car maintenance tips that every vehicle owner should know, whether auto insurance covers car maintenance and more.
Learn about intricacies of taxes on used vehicles in Ontario, and get insights and tips ob how to navigate this aspect of car ownership.
Learn about ways to obtain a drivers abstract, a document that chronicles your driving history and influences how insurers evaluate your rates.

Even More Ways To Save