Affordable Car Insurance in London from $125/month

How Does Car Insurance Work in London?

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 London 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 London referenced above.

Coverage Type	What’s Included	Average Annual Car Insurance Premium
Mandatory	– Third-Party Liability – Accident Benefits – Uninsured Automobile	$829
Highly Recommended	– Direct Compensation: Property Damage – Collision – Comprehensive – OPCF 20 – OPCF 27 – OPCF 44R – OPCF 39 – OPCF 43	$1,158
Coverage Total:		$1,987

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.	$249
Accident Benefits	Covers medical costs, income replacement, and more for you and others injured in an accident, regardless of fault.	$565
Uninsured Automobile	Protects you if you’re hit by an uninsured or an unidentified driver and suffer injuries or vehicle damage.	$15
Coverage Total:		$829

*The above coverages are mandatory in London 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.	$464
Collision	Covers your vehicle if you hit another car or object and you’re found at fault.	$283
Comprehensive	Covers damage to your vehicle from non-collision events like theft, vandalism, fire, or weather.	$204
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.	$24
OPCF 27: Rental Vehicle	Extends your coverage to rented or borrowed vehicles, protecting you if damage occurs while you drive them.	$25
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.	$19
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.	$27
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:		$1,158

*Any of the above highly recommended coverages in London may be removed from your quote, but we strongly recommend keeping them to have adequate protection.

Most Expensive Postal Codes in London

The average cost of car insurance in London, Ontario, is roughly $1,987, which is slightly more than the Ontario average of $1,874 yearly. 

London’s most expensive postal code for car insurance is the N5Y region, encompassing Carling and the northeastern part of the city. While your quotes may differ, below are the expected premium rates in this area:

Postal Code	Average Annual Car Insurance Premium
N5Y	$2,058
N5V	$2,033
N5W	$2,027

Least Expensive Postal Codes in London

The N5X region in London has the cheapest auto insurance rates. This region includes Stoney Creek, Northdale, Fanshawe, and Stoney Brooke. Below is a breakdown of how much you can expect to pay for car insurance in the cheapest areas for auto insurance in London:

Postal Code	Average Annual Car Insurance Premium
N5X	$1,916
N6A	$1,921
N6C	$1,933

How London Car Insurance Rates Compare to Nearby Cities

London’s car insurance rates are mid-range compared to other Southwestern Ontario cities. Here’s how they compare to nearby communities:

City	Average Annual Car Insurance Premium
London, ON	$1,987
Windsor, ON	$1,891
Sarnia, ON	$1,603
Kitchener, ON	$1,748
Brantford, ON	$1,769
Hamilton, ON	$1,735

Car Insurance Cost in London by Age

As with any city in Ontario, car insurance rates can rise and fall according to your age. Generally, drivers under 30 pay the highest premiums because they are perceived to lack experience. Similarly, drivers over 65 can expect higher premiums, as senior citizens are more likely to sustain injury or death during an accident. 

Below are the average car insurance rates by age in London, Ontario:

Age	Average Annual Car Insurance Premium	Average Savings with MyChoice
18-20	$5,427	$1,079
21-24	$2,799	$557
25-34	$2,156	$429
35-44	$1,987	$393
45-54	$1,607	$334
55-64	$1,494	$310
65+	$1,532	$318

Car Insurance Cost in London by Driving History

Insurance companies are likely to charge higher premiums if:

• You have a shorter driving history
• You don’t have a full licence
• You have a driving conviction

While driving demerits typically only remain on your record for about two years, some insurance providers will review driving history up to ten years prior.

Below are general estimations of how your driving record can impact insurance premiums:

Driving Violation	Average Annual Car Insurance Premium
Clean driving record	$1,987
Insurance cancellation due to non-payment	$2,628
Licence suspension for alcohol-related offences	$1,986
One at-fault accident	$3,706
Minor speeding ticket	$2,288

Car Insurance Cost in London by Vehicle Model

Below is a breakdown of the estimated insurance costs for various car models in London. 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
Honda	$1,823
Tesla	$1,951
Toyota	$2,092
Hyundai	$2,004
Audi	$2,470
BMW	$2,313
Mazda	$1,853
Subaru	$2,049
Volkswagen	$1,828
Porsche	$2,013

The Best Car Insurance Brokerages in London

Auto insurance brokers can negotiate premiums with a company on your behalf. With the help of a car insurance broker, you can save valuable time and money and get the insurance rates you want. Plus, you can ask them questions about the process so you can make more informed decisions.

Below is a list of brokerages you can visit in London, Ontario:

Brokerage	Address	Phone number
McConville Omni Insurance Brokers Ltd.	685 Richmond St #300 London, ON N6A 5M1, Canada	+15196730880
My Insurance Broker	1255 Commissioners Rd W #227 London, ON N6K 3N5, Canada	+15194737000
Kenny Insurance Brokers	360 Springbank Dr London, ON N6J 1G5, Canada	+15196338448
BrokerLink	69 Wellington St Unit A London, ON N6B 2K4, Canada	+15194341955

Driving in London

London has the 11th largest population in Canada, so expect it to be a melting pot of diverse drivers. In addition, ever-changing driving conditions make it imperative to have the best possible insurance. Below are some key facts you should know about driving in London:

• Major highways in London: None (connected to junctions of Highway 401 and 402)
• Public transit options: London Transit Commission (bus)
• Ridesharing services: Uber, Lyft
• Parking space providers: City of London, private lots
• Top tourist attractions: Springbank Park, Banting House, Fanshawe Pioneer Village, Museum London, Storybook Gardens, Boler Mountain
• Busy intersections: Richmond Street and Fanshawe Park Road
• Airports: London International Airport

Main Mode of Commuting in London

Most of London’s commuters take cars, trucks, and vans to work. Out of 118,720 personal vehicle commuters, 12,180 of them are passengers. Meanwhile, public transit is the second-most popular commuting mode in London, with 8,790 users. Here’s a closer look at the modes of commuting in London:

Main mode of commuting	Counts	Rates
Total – 25% sample data	138,155	100.0
Car, truck or van	118,720	85.9%
Car, truck or van – as a driver	106,540	77.1%
Car, truck or van – as a passenger	12,180	8.8%
Public transit	8,790	6.4%
Walked	6,290	4.6%
Bicycle	1,295	0.9%
Other method	3,060	2.2%

Commuting Duration in London

London is one of the busier cities in Ontario, so traffic can get congested. Fortunately, for a busy city, commute durations are still reasonable. Almost 80% of London’s commuters spend under 30 minutes during their commutes. Here’s an in-depth look at commuting duration in London:

Commuting duration	Counts	Rates
Total – 25% sample data	138,155	100.0
Less than 15 minutes	47,460	34.4%
15 to 29 minutes	59,460	43.0%
30 to 44 minutes	18,880	13.7%
45 to 59 minutes	6,005	4.3%
60 minutes and over	6,345	4.6%

Driving Conditions in London

Driving conditions in London are often prone to change. These conditions can directly impact your insurance premiums. Here are some key facts about driving conditions in London:

• Average daily commute time: 44 minutes round trip
• Average annual rainfall: 946 mm
• Average annual snowfall: 1,943 mm
• Rainy days per year: 106 days
• Rainiest month in London: June
• Driest months in London: November – March 
• Snow days per year: 60 days
• Snowfall months in London: November – April

Traffic in London

London has a population of roughly 422,324, making it one of the busier cities in Ontario. As such, you can expect traffic conditions to fluctuate constantly. Here is a quick overview of traffic conditions in London:

• City area: London’s city limits span 420.6 km².
• Time spent in traffic annually: London drivers spend 89 hours in traffic per year.
• Busiest highways: Highways 401 and 402 are the busiest in London.
• Average motor vehicle thefts: There are roughly 1,175 auto thefts a year in London.
• Average instances of distracted driving: There are 418 instances of distracted driving a year in London.
• Average number of speeding tickets: Roughly 2,108 people receive speeding tickets every year in London.

The Most Common Questions About Car Insurance in London