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:
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:
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:
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:
Most Expensive Postal Codes in Etobicoke
At $2,501/year, the cost of car insurance in Etobicoke is higher than the Toronto average of $1,796/year. However, prices vary within the city. M8V, M9P, and M8W are among the most expensive postal codes for auto insurance in the city, owing to above-average rates.
Below are the most expensive postal codes for insuring your vehicle in Etobicoke:
| Postal code | Average annual car insurance premium |
|---|---|
| M8V | $2,510 |
| M9P | $2,508 |
| M8W | $2,505 |
Least Expensive Postal Codes in Etobicoke
By comparison, M8Z and M9A are among the cheapest postal codes for auto insurance. Here is a list of the most affordable postal codes to insure your car in Etobicoke:
| Postal code | Average annual car insurance premium |
|---|---|
| M8Z | $2,491 |
| M9A | $2,496 |
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 insurance cost | Average savings with MyChoice |
|---|---|---|
| 18-20 | $8,929 | $1,776 |
| 21-24 | $5,102 | $1,015 |
| 25-34 | $3,401 | $677 |
| 35-44 | $2,501 | $497 |
| 45-54 | $2,051 | $408 |
| 55-64 | $1,743 | $347 |
| 65+ | $1,987 | $395 |
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 rate |
|---|---|
| Clean driving record | $2,501 |
| Insurance cancellation due to non-payment | $4,102 |
| Licence suspension for alcohol-related offences | $2,997 |
| One accident | $5,512 |
| Speeding ticket | $3,256 |
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:
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
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 $2,501 a year or $208 a month.
Is car insurance in Etobicoke cheaper than in Toronto?
No, car insurance in Etobicoke is more expensive than in Toronto by an average of over $800.
Which cars get the lowest car insurance premiums in Etobicoke?
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.
Which auto insurance is best for old drivers in Etobicoke?
The auto insurance that is best for old drivers in Etobicoke is often Geico. However, this can vary based on your personal circumstances, and you can get reasonable rates from other providers.