4.9
4.9/5
50+ Ratings on Google!

London Car Insurance

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
$106.45Jun 19, 2024, 04:08 PMAuto59FemaleK6J4P2
$43.02Jun 19, 2024, 05:45 AMHome56FemaleK1G0M5
$24.31Jun 19, 2024, 03:31 PMTenant30FemaleM1H2E4

How MyChoice Works

0

Canadians

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!
Secure. No Spam. No Fees.
Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on May 15, 2024

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

Updated May 15, 2024

Visit author page

4 minute read

Article Contents

Quick Facts About Auto Insurance in London

  • London car insurance is LESS expensive than the Ontario average.
  • The average annual car insurance cost in London for a driver with comprehensive/collision coverage and a clean driving record is around $1,654.
  • Comparing London auto insurance quotes with MyChoice can save you up to $1,174 annually.

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:

BrokerageAddressPhone number
McConville Omni Insurance Brokers Ltd.685 Richmond St #300
London, ON N6A 5M1, Canada
+15196730880
My Insurance Broker1255 Commissioners Rd W #227
London, ON N6K 3N5, Canada
+15194737000
Kenny Insurance Brokers360 Springbank Dr
London, ON N6J 1G5, Canada
+15196338448
BrokerLink69 Wellington St Unit A
London, ON N6B 2K4, Canada
+15194341955

Most Expensive Postal Codes in London

The average cost of car insurance in London, Ontario, is roughly $1,654, which is slightly less than the Ontario average of $1,673 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 CodeAverage Annual Car Insurance Premium
N5Y$1,720
N5V$1,715
N5W$1,712

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 CodeAverage Annual Car Insurance Premium
N5X$1,601
N6A$1,606
N6C$1,608

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:

AgeAverage Annual RatesAverage Savings with MyChoice
18-20$5,905$1,174
21-24$3,374$671
25-34$2,249$447
35-44$1,654$329
45-54$1,356$270
55-64$1,153$229
65+$1,314$261

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 ViolationAverage Annual Car Insurance Premium
Clean driving record$1,654
Insurance cancellation due to non-payment$2,713
Licence suspension for alcohol-related offences$1,985
One accident$3,639
Speeding ticket$2,150

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 commutingCountsRates
Total – 25% sample data138,155100.0
Car, truck or van118,72085.9%
Car, truck or van – as a driver106,54077.1%
Car, truck or van – as a passenger12,1808.8%
Public transit8,7906.4%
Walked6,2904.6%
Bicycle1,2950.9%
Other method3,0602.2%

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 durationCountsRates
Total – 25% sample data138,155100.0
Less than 15 minutes47,46034.4%
15 to 29 minutes59,46043.0%
30 to 44 minutes18,88013.7%
45 to 59 minutes6,0054.3%
60 minutes and over6,3454.6%

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

How much does London car insurance cost?

The average cost for London car insurance is $1,654 a year. However, this rate may vary depending on your age, driving history, insurance coverage, and vehicle make.

Is car insurance cheaper in London than in Toronto?

Yes, car insurance is cheaper in London ($1,654/year) than in Toronto ($2,139/year).

Why should you compare car insurance rates in London?

You should compare car insurance rates in London because not all policies have the same coverage requirements. In addition, you’ll want to pick a policy best suited to your driving habits.

What information do you need for an auto insurance quote in London?

The information you’ll need to provide for an auto insurance quote in London includes your basic information, driver’s licence, vehicle identification number (VIN), marital status, and accident prevention course completion date, if applicable.

Can I use my London car insurance to drive in the United States?

Yes, you can use your London car insurance to drive in the United States. However, most insurance providers recommend carrying additional cash in case of an accident. If you pay more upfront, you won’t risk an increase on your future premiums.

How do you find affordable car insurance for students in London, Ontario?

You can get affordable car insurance for students in London by taking a driver’s education course. Earning a certificate lets insurers know you are a safe and dependable driver. In addition, you can apply with an insurer that offers student discounts or get listed as a secondary driver on your parents’ insurance policy.

How can you get cheaper car insurance in London?

Compare car insurance rates in London with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.

Sources

1. Mychoice.ca Internal Data, Most Expensive Postal Codes, Ontario, London, Car Insurance Quotes Collected, 2024.

2. Mychoice.ca Internal Data, Least Expensive Postal Codes, Ontario, London, Car Insurance Quotes Collected, 2024.

3. Mychoice.ca Internal Data, Rate Cost By Age, Ontario, London, Car Insurance Quotes Collected, 2024.

4. Mychoice.ca Internal Data, Rate Cost By Driving History, Ontario, London, Car Insurance Quotes Collected, 2024.

5. City of London Website, Driving & Transit Information. Data Collected, 2024.

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

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

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

9. 511 Ontario Traveller Information, Ontario, London.

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

Getting your car impounded is frustrating and even worse if you don’t know what you’re doing. Click through for a guide to releasing your impounded car in Canada.
Misconceptions about insurance make it harder for drivers to find the best deals. Click through to learn the truth about today’s most common car insurance myths.
The 2024 Alberta Auto Insurance Reform promises to make premiums more affordable by setting rate caps for good drivers. Click through to learn more.

Even More Ways To Save