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Recent Quotes From Our Users

Monthly PremiumsDate & TimeQuote TypeAgeGenderPostal Code
$98.31Apr 21, 2024, 05:10 AMAuto67FemaleL6T4B6
$39.96Apr 21, 2024, 07:11 AMHome38FemaleL0E1R0
$26.41Apr 21, 2024, 04:01 PMTenant41MaleL7A5B5

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Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on March 20, 2024

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

Updated March 20, 2024

Visit author page

12 minute read

Article Contents

How Can You Get Cheap Car Insurance in Etobicoke?

You can get cheap Etobicoke car insurance by finding the best deals. Here are several tips to help you do so:

Compare Rates Between Insurers

Etobicoke has a highly competitive auto insurance market, so insurers are constantly vying for your business. When insurers try to give you the best deals, it’s you who wins. Compare rates and shop around to see which insurance provider fits your auto protection needs affordably.

Take Bundled Policies

One of the best ways to save money while shopping is to buy a package deal, and insurance is no different. If you bundle home and auto insurance from the same company, you’re much more likely to get lower rates.

Ask For A Higher Deductible

You must pay a deductible on insurance claims before your carrier covers the remaining expenses. A higher deductible means paying extra if something happens to your car, but it also means you’ll get lower insurance premiums.

Request Group Discounts

Many insurance companies deal in group discounts for companies and other organizations. If you’re shopping for auto insurance in Etobicoke for work, ask your agent about group deals and discounts.

Pay Annual Premiums

Paying annual insurance premiums might look expensive initially, but it’s generally cheaper than paying them monthly. Ask your insurers about half-year premiums if you can’t afford annual premiums.

Drive Safely

Motor vehicle offences and accidents stay on your record for years. Unfortunately, any driving violation on your record will considerably increase your insurance rates. However, this also means you’ll get lower auto insurance rates if you have no offences on record.

Consider Taking Usage-Based Insurance

Usage-based insurance (UBI) or pay-as-you-go insurance tracks your driving behaviour to determine how much you must pay for insurance. Taking UBI lets you save up to 30% on your annual premiums, so it’s a good option if you consider yourself a safe driver.

Take Driving Courses

Accredited driving lessons make you a safer driver and let you earn discounts on auto insurance in Etobicoke.

Choose the Coverage You Need

Naturally, more insurance protection leads to higher rates. While some auto insurance coverage is mandatory, you have optional insurance coverage like at-fault accident and theft protection. Review your policy and skip unnecessary optional coverage to save on insurance premiums.

Buy Affordable Cars

Cars that are expensive and hard to replace tend to get hit with higher premiums. If possible, buy affordable and reliable cars that are more common and easy to repair or replace if you want lower insurance rates.

Quick Facts About Auto Insurance in Etobicoke

  • Etobicoke car insurance is MORE expensive than the Ontario average.
  • The average annual car insurance cost in Etobicoke for a driver with comprehensive/collision coverage and a clean record is around $2,030.
  • Comparing Etobicoke auto insurance quotes with MyChoice can save you up to $1,441 annually.

Who Provides Car Insurance Quotes in Etobicoke?

Insurance brokers, agents, aggregators, and direct writers provide car insurance quotes in Etobicoke. Here’s an overview of these four insurance quote providers:

Insurance Brokers

Insurance brokers are independent professionals who help you shop for the best rates by comparing deals from multiple insurers. Because they have a bird’s-eye view of the current Etobicoke insurance landscape, they can show you which companies offer the best insurance deals and answer any questions you may have.

Brokers take a commission from insurance companies, which could increase your rates. You might spend more money than if you had found an insurer yourself.

Direct Writers

Like insurance agents, direct writers only sell insurance products from one company. Direct writers are typically found online and are cheaper because they don’t have physical offices.

Insurance Agents

Insurance agents work for a certain insurer, so they can only offer their employer’s insurance products. However, they know their insurer like the back of their hands and might even give you discounts that brokers don’t have access to.

Additionally, insurance agents can close insurance sales independently, meaning you can purchase insurance from them right then and there. 

Insurance Aggregators

An insurance aggregator website like MyChoice compiles rates from various insurance brokers, companies, and direct writers in one place. You can browse aggregator websites to find the best deals from the top insurance companies and get quotes instantly.

Better yet, insurance aggregators are accessible online and entirely free for customers, so you can look up insurance rates without spending a single penny or leaving the house.

How Does Car Insurance Work in Etobicoke?

Car insurance in Etobicoke works by providing financial coverage in case something bad happens to you or your car, depending on the protection you choose. Auto insurance in Etobicoke is mandatory by local laws, which means you need car insurance to avoid fines or driver’s licence suspensions.

Worse still, if you get convicted of driving without insurance, you’ll get higher premiums from carriers. This makes driving again prohibitively expensive or even nearly impossible after being caught driving without insurance. That’s why getting auto insurance is essential before buying a car or driving in Etobicoke.

Here’s a breakdown of the key elements of your auto insurance policy:

The mandatory car insurance requirement for Etobicoke drivers are:

Third-Party Liability (TPL) Coverage 

This insurance component provides financial compensation if you cause an accident that results in car damage or somebody getting hurt or killed. Per Financial Services Commission of Ontario (FSCO) regulations, you need at least $200,000 in TPL coverage.

Statutory Accident Benefits Coverage

This insurance component pays for your medical bills, rehabilitation, and possible funeral expenses if you get hurt or killed in a car accident, regardless of who’s at fault. Accident benefits coverage also offers income replacement worth 70% of your gross income, capped at $400 per week.

Uninsured Automobile Insurance 

Uninsured automobile insurance covers your medical bills and funeral expenses if you’re struck by uninsured vehicles or hit-and-run drivers. Additionally, it compensates for vehicular damage caused by uninsured drivers.

Direct Compensation – Property Damage (DC-PD) Insurance

DC-PD insurance compensates you for the damage other drivers cause in an accident. However, DC-PD only kicks in if the other person is at fault, they’re also insured, and the accident takes place in Etobicoke. 

Once you meet the minimum car insurance coverage requirements, you can legally drive in Etobicoke. However, it pays to have extra protection beyond the basics in case you get in an accident.

Since minimum car insurance only goes so far, we’ve got some extra Etobicoke car insurance recommendations for you:

Extra TPL Coverage

The mandatory $200,000 insurance minimum can be too small, so many drivers choose to get coverage up to $2 million if they cause property damage or hurt somebody in an accident.

Additional Statutory Accident Benefits

Many people get additional coverage for medical bills and funeral expenses in their statutory accident coverage. You can also get extra income replacement protection if 70% income capped at $400 a week seems too limited.

More Comprehensive Property Damage Protection

DC-PD coverage has very specific coverage terms like the other driver also needs to be insured, and the accident must occur in Etobicoke. To cover their bases, many people purchase extra insurance that still protects them even when the other driver is uninsured, and the accident happens in other provinces.

In addition to mandatory insurance coverage outlined by the FSCO, you can take optional insurance coverage like:

Specified Perils Protection

Specified perils insurance coverage protects you from loss or damage due to a specific cause. The most common perils insured are:

Many insurers also offer comprehensive auto insurance in Etobicoke if you want protection from all these perils.

Accident Forgiveness

Insurers usually raise your premiums if you’re at fault for causing an accident. If you’ve been a safe driver for several years, you can take extra accident forgiveness coverage so you won’t get higher premiums if you cause an accident. Note that accident forgiveness only works on your first accident, and subsequent violations will still raise your rates.

Limited Depreciation Waiver

If you take a limited waiver of depreciation, you can receive your car’s purchase price as compensation if it’s been stolen or deemed a total loss after an accident. 

How Your Car Insurance Quotes Are Calculated in Etobicoke

Your car insurance rates are calculated based on how risky you are to insure. Naturally, drivers more likely to get into accidents will have higher premiums than those less likely to be in an accident.

Here are seven factors that influence your Etobicoke car insurance quotes:

Age, Gender, and Marital Status

Your personal demographics influence auto insurance premiums in Etobicoke because different people have varying accident risks. 

Younger people tend to get higher premiums because insurance companies see them as more accident-prone than older people. Generally, your car insurance rates start decreasing when you hit 25 years old as long as you keep a safe driving record. However, insurance premiums increase again for people aged 65 and older because they’re more likely to be injured or killed in traffic accidents.

Women often get lower insurance rates because they’re seen as more careful drivers and don’t take as many risks as men.

Marital status also determines your rates because most insurance companies see married people as more financially stable and less-risky drivers. Married couples also tend to bundle home and auto insurance, saving more on premiums.

Location

People who live in urban areas often see higher insurance premiums because they’re more prone to car accidents and theft. 

Car Make and Model

Expensive cars are more costly to repair or replace, so insurance premiums are usually higher than more common vehicles. You can install security features like anti-theft devices if you have an expensive car and want to save on insurance premiums.

Driving History

People who drive safely are rewarded with lower premiums because they’re usually less likely to get into a traffic accident. Conversely, people who have gotten into multiple accidents get higher premiums because they’re more likely to be involved in another accident down the line.

Driving Activity

Logic dictates that people who drive frequently are more likely to get in an accident. Therefore, kilometres driven is one of the determining factors that set your Etobicoke auto insurance rates.

Insurance Coverage Chosen

Your coverage options influence your insurance rates because taking more coverage gives you more protection. Naturally, the more coverage you choose, the higher your rates.

Policy Discounts

Getting discounts can lower your auto insurance rates and make them more affordable. You can typically get discounts by bundling home and auto insurance or asking for a group discount for your workplace or organization.

Most Expensive Postal Codes in Etobicoke

At $2,030/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 CodeAverage Annual Car Insurance Premium
M8V$2,110
M9P$2,008
M8W$2,005

Least Expensive Postal Codes in Etobicoke

By comparison, M8Z and M9A are among the cheapest postal codes for auto insurance.

Postal CodeAverage Annual Car Insurance Premium
M8Z$1,991
M9A$1,996

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:

AgeAverage Annual RatesAverage Savings with MyChoice
18-20$7,247$1,442
21-24$4,141$824
25-34$2,761$549
35-44$2,030$404
45-54$1,665$331
55-64$1,415$281
65+$1,613$321

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 ViolationAverage Annual Car Insurance Premium
Clean driving record$2,030
Insurance cancellation due to non-payment$3,329
Licence suspension for alcohol-related offences$2,436
One accident$4,466
Speeding ticket$2,639

Other Factors That Affect Car Insurance Prices in Etobicoke

We’ve covered several factors that influence car insurance rates in Etobicoke. Aside from those, several extra factors play a part in determining your Etobicoke auto insurance premiums:

Vehicle Model Accident Rates

Some cars are just more accident-prone than others. Even if you have a spotless driving record, owning a car model infamous for having high accident rates will increase your insurance premiums.

Vehicle Age

Naturally, older cars are more expensive to insure because they may not have all the safety features of newer vehicles. If you insist on driving a vintage car everywhere, make sure you can pay the insurance premiums.

Vehicle Repair Costs

The harder it is to repair a car, the more expensive it is to insure. You can expect high insurance premiums on luxury cars and foreign cars that don’t have a large dealership or service centre presence in Canada.

Vehicle Primary Usage and Annual Mileage

You may spend more or less time on the road depending on what you use the car for. Car usage influences insurance rates – generally, the more you use it, the higher your premiums. For instance, insurance premiums on a car you use as an Uber will be higher than on a car you almost exclusively take on weekend cruises.

A good way to measure how much somebody uses a car is by its annual mileage. If your car has low annual mileage, insurers may determine that this car is low-risk and thus grant you more affordable insurance rates.

Local Crime Rates

Living in high-crime areas means your car is at higher risk of being stolen or vandalized. If you live in an area where theft or vandalism often occurs, you may get higher car insurance rates.

Past Insurance Claims

Any auto insurance claims will drive your premiums up, regardless of who’s at fault. If you make many insurance claims, the insurer will see you as a high-risk policyholder and give you higher rates.

Loyalty Bonuses

Many insurance companies reward long-term customers with discounted rates. If you’ve been a policyholder at the same insurance company for several years, ask for a rate reduction or discount when you renew your policy.

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:

BrokerageAddressPhone number
Billyard Insurance Group – Etobicoke5405 Eglinton Ave W #209
Etobicoke, ON M9C 5K6, Canada
+16475578773
Monika Vohra- All-Risks Insurance Broker’s Ltd100 Westmore Dr #12C
Etobicoke, ON M9V 5C3, Canada
+16477100850
Vachon Insurance Group5468 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 commutingCountsRates
Total – 25% sample data115,935100.0
Car, truck or van84,71073.1%
Car, truck or van – as a driver76,07565.6%
Car, truck or van – as a passenger8,6407.5%
Public transit23,29520.1%
Walked3,8853.4%
Bicycle8050.7%
Other method3,2352.8%

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 durationCountsRates
Total – 25% sample data115,935100.0
Less than 15 minutes20,85018.0%
15 to 29 minutes40,40034.8%
30 to 44 minutes30,24526.1%
45 to 59 minutes11,4909.9%
60 minutes and over12,96511.2%

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

Is ridesharing insurance available in Etobicoke?

Yes, ridesharing insurance is available in Etobicoke through the Northbridge General Insurance Corporation, Aviva Insurance Company of Canada, Economical Mutual Insurance Company, and Hartford Fire Insurance Company of Canada.

How much does Etobicoke car insurance cost?

Etobicoke car insurance costs an average of $2,030 a year.

Is car insurance in Etobicoke cheaper than in Toronto?

On average yes, car insurance in Etobicoke is less expensive than in Toronto by rouhgly $100. 

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.

Sources

1. Mychoice.ca Internal Data, Most Expensive Postal Codes, Ontario, Etobicoke, Car Insurance Quotes Collected, 2023.

2. Mychoice.ca Internal Data, Least Expensive Postal Codes, Ontario, Etobicoke, Car Insurance Quotes Collected, 2023.

3. Mychoice.ca Internal Data, Rate Cost By Age, Ontario, Etobicoke, Car Insurance Quotes Collected, 2023.

4. Mychoice.ca Internal Data, Rate Cost By Driving History, Ontario, Etobicoke, Car Insurance Quotes Collected, 2023.

5. City of Etobicoke Website, Driving & Transit Information. Data Collected, 2023.

6. Statistics Canada, 2021, Census of Population, Ontario, Etobicoke, Main Mode of Commuting. Data Published March 29, 2023.

7. Statistics Canada, 2021, Census of Population, Ontario, Etobicoke, Commuting Duration. Data Published March 29, 2023.

8. Weather Network Canada, Historical Averages, Ontario, Etobicoke.

9. 511 Ontario Traveller Information, Ontario, Etobicoke.

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