How Does Car Insurance Work in Etobicoke?
Car insurance is mandatory in Ontario, but it’s important to understand the factors that influence your insurance premium and the types of coverage you should consider.
Below is a breakdown of what’s included in your car insurance package in Etobicoke when you get a quote with MyChoice, categorized by mandatory and highly recommended coverages. Together, the mandatory and recommended coverage premiums reflect the average car insurance cost in Etobicoke referenced above.
| Coverage Type | What’s Included | Average Annual Car Insurance Premium |
|---|---|---|
| Mandatory | – Third-Party Liability – Accident Benefits – Uninsured Automobile | $1,006 |
| Highly Recommended | – Direct Compensation: Property Damage – Collision – Comprehensive – OPCF 20 – OPCF 27 – OPCF 44R – OPCF 39 – OPCF 43 | $1,249 |
| Coverage Total: | $2,255 |
Mandatory Coverages:
| Coverage Type | Coverage Details | Average Annual Car Insurance Premium |
|---|---|---|
| Third-Party Liability | Protects you if you injure someone or damage property while driving, and covers legal costs if you’re sued. | $315 |
| Accident Benefits | Covers medical costs, income replacement, and more for you and others injured in an accident, regardless of fault. | $673 |
| Uninsured Automobile | Protects you if you’re hit by an uninsured or an unidentified driver and suffer injuries or vehicle damage. | $18 |
| Coverage Total: | $1,006 |
*The above coverages are mandatory in Etobicoke and will always be included in a standard car insurance quote.
Highly Recommended Coverages:
| Coverage Type | Coverage Details | Average Annual Car Insurance Premium |
|---|---|---|
| Direct Compensation: Property Damage | Covers damage to your own vehicle if you’re not at fault in an accident with another insured driver in Ontario. | $554 |
| Collision | Covers your vehicle if you hit another car or object and you’re found at fault. | $338 |
| Comprehensive | Covers damage to your vehicle from non-collision events like theft, vandalism, fire, or weather. | $243 |
| OPCF 20: Loss of Use | Pays for rental or other transportation if your car is out of service after an at-fault accident or comprehensive claim. | $28 |
| OPCF 27: Rental Vehicle | Extends your coverage to rented or borrowed vehicles, protecting you if damage occurs while you drive them. | $29 |
| OPCF 44R: Family Protection | Covers you and your family if you’re hit by an uninsured, underinsured, or hit-and-run driver and their coverage isn’t enough. | $23 |
| OPCF 39: Accident Forgiveness | Prevents your insurance premiums from increasing after your first at-fault accident, as long as you stay with the same insurer. | $32 |
| OPCF 43: Waiver of Depreciacion | Ensures you get the full purchase price back—not a depreciated value—if your new vehicle is written off. | $2 |
| Coverage Total: | $1,249 |
*Any of the above highly recommended coverages in Etobicoke may be removed from your quote, but we strongly recommend keeping them to have adequate protection.
Most Expensive Postal Codes in Etobicoke
At $2,255/year, the cost of car insurance in Etobicoke is relatively expensive. However, prices vary within the area, M8V, M9P, and M8W are among some of the most expensive postal codes with slightly higher than above-average rates.
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| M8V | $2,359 |
| M9P | $2,342 |
| M8W | $2,315 |
Least Expensive Postal Codes in Etobicoke
By comparison, M8Z and M9A are among the cheapest postal codes for auto insurance.
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| M8Z | $2,150 |
| M9A | $2,186 |
How Etobicoke Car Insurance Rates Compare to Nearby Cities
Etobicoke’s car insurance rates are some of the highest in the region. You can see how they compare to some of the neighbouring cities in the table below.
| City | Average Annual Car Insurance Premium |
|---|---|
| Etobicoke, ON | $2,255 |
| Toronto, ON | $2,231 |
| Mississauga, ON | $2,258 |
| Brampton, ON | $3,341 |
| Vaughan, ON | $2,451 |
| Milton, ON | $1,824 |
Car Insurance Cost in Etobicoke by Age
Younger drivers are often subject to more expensive insurance rates because of their lack of driving experience. As such, insurance companies consider student drivers hitting the road for the first time to be high-risk drivers. However, there are ways to reduce insurance rates, such as enrolling in defensive driving classes, shopping for student discounts, or enlisting as a secondary driver on a parent’s existing policy.
Similarly, senior drivers also get higher rates because they are more likely to be severely injured in a crash. Still, many insurance companies are willing to insure younger and older drivers for reasonable rates.
The median age for Etobicoke drivers is 45.8, with female drivers generally older (47.5) than males (43.8).
See below for how your age can affect insurance rates in Etobicoke:
| Age | Average Annual Car Insurance Premium | Average Savings with MyChoice |
|---|---|---|
| 18-20 | $6,472 | $1,287 |
| 21-24 | $3,337 | $664 |
| 25-34 | $2,571 | $511 |
| 35-44 | $2,255 | $449 |
| 45-54 | $1,917 | $381 |
| 55-64 | $1,781 | $354 |
| 65+ | $1,827 | $363 |
Car Insurance Cost in Etobicoke by Driving History
Insurance companies typically prefer drivers without a claims history, as they are cheaper to insure.
While drivers with a bad record can still get reasonable prices, local and out-of-province speeding tickets, collisions, and other incidents can increase premiums. In addition, violations can stay on your record for three to 10 years, depending on your location and jurisdiction. After this period, insurers can no longer penalize you for them.
New drivers may be subject to higher premiums regardless of age.
Check out how specific driving violations can affect your car insurance rates:
| Driving Violation | Average Annual Car Insurance Premium |
|---|---|
| Clean driving record | $2,255 |
| Insurance cancellation due to non-payment | $3,134 |
| Licence suspension for alcohol-related offences | $2,368 |
| One at-fault accident | $4,420 |
| Minor speeding ticket | $2,729 |
Car Insurance Cost in Etobicoke by Vehicle Model
Below is a breakdown of the estimated insurance costs for various car models in Etobicoke. This should give you an idea of what you can expect to pay for car insurance based on the vehicle model you drive.
| Car Model | Average Annual Car Insurance Premium |
|---|---|
| Hyundai | $2,274 |
| Kia | $2,062 |
| Tesla | $2,215 |
| Toyota | $2,374 |
| Honda | $2,069 |
| Audi | $2,803 |
| Ford | $2,064 |
| Mazda | $2,103 |
| Chevrolet | $2,120 |
| Nissan | $2,285 |
| Subaru | $1,957 |
The Best Car Insurance Brokerages in Etobicoke
If you don’t have the time or knowledge to compare insurance quotes, working with a car insurance brokerage can take the weight off your shoulders. Below are the top car insurance brokerages in Etobicoke:
| Brokerage | Address | Phone number |
|---|---|---|
| Billyard Insurance Group – Etobicoke | 5405 Eglinton Ave W #209 Etobicoke, ON M9C 5K6, Canada | +16475578773 |
| Monika Vohra- All-Risks Insurance Broker’s Ltd | 100 Westmore Dr #12C Etobicoke, ON M9V 5C3, Canada | +16477100850 |
| Vachon Insurance Group | 5468 Dundas St W Etobicoke, ON M9B 6E3, Canada | +14162393373 |
Driving in Etobicoke
Etobicoke is a residential and industrial city with a relatively dense population compared to the rest of the Greater Toronto Area (GTA). It is also home to some of the busiest highways in the GTA, so expect to run into heavy traffic daily.
Here are a few facts to note when driving in Etobicoke:
- Major highways: Highway 427, Highway 401, Highway 409, Queen Elizabeth Way, Gardiner Expressway
- Public transit options: Toronto Transit Commission (bus)
- Ridesharing services: Uber, Lyft
- Parking space providers: City of Etobicoke, Impark, JustPark, private lots
- Top tourist attractions: Humber Bay Park, Colonel Sam Smith Park, Casa Loma, CN Tower, Royal Ontario Museum, Chinatown
- Busy intersections: Islington Avenue to Finch Avenue West
- Airports: Billy Bishop Toronto City Airport, Toronto Pearson International Airport
Main Mode of Commuting in Etobicoke
Most Etobicoke residents prefer commuting by car, but car users only make up 73.1% of all commuters. This is because Etobicoke has a robust public transit system that boasts 23,295 regular users, making up one-fifth of the city’s commuters. Here’s a closer look at how people get to work in Etobicoke:
| Main mode of commuting | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 115,935 | 100.0 |
| Car, truck or van | 84,710 | 73.1% |
| Car, truck or van – as a driver | 76,075 | 65.6% |
| Car, truck or van – as a passenger | 8,640 | 7.5% |
| Public transit | 23,295 | 20.1% |
| Walked | 3,885 | 3.4% |
| Bicycle | 805 | 0.7% |
| Other method | 3,235 | 2.8% |
Commuting Duration in Etobicoke
Due to its density and high population, commuting in Etobicoke can take a while. Most of the city takes 15 to 44 minutes to get to work. Fortunately, extra-long commutes are relatively rare because only 20% of the city’s commuters take over 45 minutes to get to work. Here’s a detailed look at Etobicoke’s commuting times:
| Commuting duration | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 115,935 | 100.0 |
| Less than 15 minutes | 20,850 | 18.0% |
| 15 to 29 minutes | 40,400 | 34.8% |
| 30 to 44 minutes | 30,245 | 26.1% |
| 45 to 59 minutes | 11,490 | 9.9% |
| 60 minutes and over | 12,965 | 11.2% |
Driving Conditions in Etobicoke
While Etobicoke summers are warm, winters are typically freezing and can make for some precarious driving. In addition, it’s partially cloudy year-round, so you’ll want to take special care on the road.
Below are a few facts about Etobicoke to remember when driving:
- Average daily commute time: 42 minutes round trip
- Average annual rainfall: 20.48 mm
- Average annual snowfall: 86.36 mm
- Rainy days per year: 39 days
- Rainiest month in Etobicoke: April
- Driest months in Etobicoke: February
- Snow days per year: 140 days
- Snowfall months in Etobicoke: November – April
Traffic in Etobicoke
Over 84,000 people drive themselves to work in Etobicoke daily. The roads are often congested, as Etobicoke is densely populated.
Below is some vital information to put traffic conditions in Etobicoke into perspective:
- Population: Roughly 365,143 people are living in Etobicoke.
- City area: The Etobicoke city limits span 123.9 km2.
- Busiest highways: The busiest highways in Etobicoke include Highways 401, 401, and 427. Other busy highways include Queen Elizabeth Way and the Gardiner Expressway.
The Most Common Questions About Car Insurance in Etobicoke
How much does Etobicoke car insurance cost?
Etobicoke car insurance costs an average of $2,255 a year.
Is car insurance in Etobicoke cheaper than in Toronto?
On average, car insurance rates in Etobicoke are on par with those in Toronto.
Why should you compare car insurance rates in Etobicoke?
You should compare car insurance rates in Etobicoke because they change frequently depending on various factors, such as changes in your driving record or additional drivers on your policy.
What information do you need for an auto insurance quote in Etobicoke?
The information you need for an auto insurance quote in Etobicoke includes your contact details, driver’s licence number, and accident prevention course completion date, if you have one.
How can you get cheaper car insurance in Etobicoke?
Compare car insurance rates in Etobicoke with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.