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Mississauga Car Insurance

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Recent Quotes From Our Users

Monthly PremiumsDate & TimeQuote TypeAgeGenderPostal Code
$84.22Jul 24, 2024, 04:44 PMAuto63FemaleM1J2C8
$43.53Jul 24, 2024, 06:04 PMHome47MaleL7P1Y9
$29.37Jul 24, 2024, 09:54 AMTenant41MaleN8W5N7

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

Updated on May 16, 2024

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

Updated May 16, 2024

Visit author page

5 minute read

Article Contents

Quick Facts About Auto Insurance in Mississauga

  • Mississauga car insurance is MORE expensive than the Ontario average.
  • The average annual car insurance cost in Mississauga for a driver with comprehensive/collision coverage and a clean record is around $2,315.
  • Comparing Mississauga auto insurance quotes with MyChoice can save you up to $1,644 annually.

The Best Car Insurance Brokerages in Mississauga

Car insurance brokers help you choose the right auto insurance policy by answering your questions and comparing policy offers.

Here are several brokers in Mississauga that you can contact for extra assistance when seeking car insurance:

BrokerageAddressPhone number
Lucky Insurance Brokers Limited1550 S Gateway Rd Suite #230
Mississauga, ON L4W 5G6, Canada
+18333258259
Able Insurance Brokers Ltd.2560 Matheson Blvd E #400
Mississauga, ON L4W 4Y9, Canada
+18666192253
Claremont Mississauga Insurance
Brokers INC
160 King St E
Mississauga, ON L5A 1T2, Canada
+19052720400
All-Risks Insurance Brokers Limited49 Queen St S #10B
Mississauga, ON L5M 1K5, Canada
+19058123100

Most Expensive Postal Codes in Mississauga

At $2,315/year, Mississauga has a high average auto insurance premium compared to Ontario’s provincial average. Some areas of Mississauga have even higher average premiums, we’ve listed those below.

Postal CodeAverage Annual Car Insurance Premium
L4T, L4V, L4X, L5P, L5T$2,517
L4W, M7R$2,449
L4S$2,444

Least Expensive Postal Codes in Mississauga

Fortunately, some areas in Mississauga have lower auto insurance rates, some of the cheapest can be found in the following postal codes listed below.

Postal CodeAverage Annual Car Insurance Premium
L5H, L5J$2,168
L5N, L5M, L5L, L5K$2,204

Car Insurance Cost in Mississauga by Age

Your age influences car insurance rates because it’s related to your driving experience and accident risk. 

Young drivers pay more for car insurance because their lack of experience raises their accident risk. Meanwhile, senior citizens get higher rates because they’re more likely to be hurt or killed in an accident.

Here’s a look at how your age influences auto insurance rates in Mississauga:

AgeAverage Annual RatesAverage Savings with MyChoice
18-20$8,265$1,644
21-24$4,723$939
25-34$3,148$626
35-44$2,315$460
45-54$1,898$378
55-64$1,614$321
65+$1,839$366

Car Insurance Cost in Mississauga by Driving History

Your driving history affects car insurance premiums because insurers use it to gauge your accident risk. Drivers with many demerits and driving violations usually get higher rates because they’re more likely to get into an accident. Conversely, drivers with clean records tend to be safer, leading to lower rates.

In Ontario, your traffic violations and demerit points “reset” after two years. However, insurance companies often check your driving record further back than two years when assessing your risk.

Here’s how different traffic violations can affect your car insurance rates:

Driving ViolationAverage Annual Car Insurance Premium
Clean driving record$2,315
Insurance cancellation due to non-payment$3,797
Licence suspension for alcohol-related offences$2,778
One accident$5,093
Speeding ticket$3,001

Driving in Mississauga

Located next door to Toronto, Mississauga is the second-most populous municipality in the Greater Toronto Area (GTA), right after Toronto itself. Its multicultural population and thriving business district make it a great place to live.

However, its proximity to Toronto also means lots of traffic. Here are some key facts about driving in Mississauga you should know:

  • Major highways in Mississauga: 401, 403, Queen Elizabeth Way, 409, 407, 427, 410
  • Public transit options: MiWay (bus), GO Transit (train), Mississauga Transitway (bus)
  • Ridesharing services: Uber, Lyft
  • Parking space providers: The City of Mississauga, private lots
  • Top tourist attractions: Port Credit, Square One Mall, Jack Darling Memorial Park, Celebration Square, Kariya Park, Art Gallery of Mississauga
  • Busy intersections: Grand Park Drive and Burnhamthorpe, Rathburn and Mavis, Dundas and Hurontario, Burnhamthorpe and Hurontario, Stavebank and Lakeshore
  • Airports: Lester B. Pearson International Airport

Main Mode of Commuting in Mississauga

Public transit is relatively popular in Mississauga, with 11.4% of the city’s commuters preferring it. As with other cities, personal vehicles are still the go-to for most people, making up 82.7% of Mississauga commuters. Here’s a closer look at the main modes of commuting in the city:

Main mode of commutingCountsRates
Total – 25% sample data218,345100.0
Car, truck or van180,54582.7%
Car, truck or van – as a driver162,18574.3%
Car, truck or van – as a passenger18,3658.4%
Public transit24,89011.4%
Walked6,3502.9%
Bicycle7150.3%
Other method5,8452.7%

Commuting Duration in Mississauga

Mississauga has over 180,000 car commuters, so it stands to reason that commute times are high. One-third of the city’s commuters spend 15 to 29 minutes on the road. One quarter of Mississauga commuters even spend 30 to 44 minutes on the road getting to work. Check the table below to learn more about commuting times in Mississauga:

Commuting durationCountsRates
Total – 25% sample data218,345100.0
Less than 15 minutes41,83519.2%
15 to 29 minutes83,99038.5%
30 to 44 minutes53,06024.3%
45 to 59 minutes18,6208.5%
60 minutes and over20,8459.5%

Driving Conditions in Mississauga

Various weather and driving conditions like snow and rain can affect your auto insurance premiums. Here’s an overview of driving conditions in Mississauga: 

  • Average daily commute time: 100 minutes round trip
  • Average annual rainfall: 31.82 mm
  • Average annual snowfall: 33.6 mm
  • Rainy days per year: 177
  • Rainiest month in Mississauga: July
  • Driest months in Mississauga: September, November
  • Snow days per year: 59
  • Snowfall months in Mississauga: October – January

Traffic in Mississauga

Mississauga is a city of over 710,000 people, making it the second-most populous city in the GTA. With its proximity to Toronto and its bustling business district, Mississauga traffic may be heavier than in other cities. 

Here’s a quick look at the key traffic statistics in Mississauga:

  • Population: 717,961 people live within Mississauga’s city limits.
  • City area: Mississauga’s city area spans 292.43 km2.
  • Time spent in traffic annually: The average Mississaugan spends 100 minutes in traffic daily, totalling roughly 608 hours per year.
  • Busiest highways: Mississauga’s north end connects to Highway 401, North America’s busiest highway, which boasts over 500,000 vehicles driving through it daily.

How Your Car Insurance Quotes Are Calculated in Mississauga

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 Mississauga car insurance quotes:

Age, Gender, and Marital Status

Your personal demographics influence auto insurance premiums in Mississauga 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 Mississauga 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.

The Most Common Questions About Car Insurance in Mississauga

How much does Mississauga car insurance cost?

Mississauga car insurance costs $2,315/year, considerably higher than Ontario’s provincial average.

Is car insurance cheaper in Mississauga than in Toronto?

Car insurance in Mississauga is cheaper than in Toronto, there’s an average different of about $180 between the two cities’ auto insurance rates.

Why should you compare car insurance rates in Mississauga?

You should compare car insurance rates in Mississauga because different insurers provide different coverage at different prices. Comparing rates help you choose which policy has the best value.

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

You need to provide basic personal details and vehicle information like production year, make, and model to get a basic auto insurance quote. You can get more accurate quotes by disclosing extra information, like your driving record and past traffic violations.

Is car insurance cheaper in Mississauga than in Brampton?

Car insurance in Mississauga is cheaper than in Brampton, by around $600. 

How can you get cheaper auto insurance in Mississauga?

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

Methodology

Sample Size

We analyzed over 50,000 auto insurance quotes across Canada.

Profiles

Average rates were calculated using a standard profile and incident profiles. All personal details pertaining to the quotes and policies have been kept confidential.

Standard Profile

Single driver, one car, currently insured, and a pristine driving record. Our base profile is a 35-year-old individual (both male and female) with a spotless driving record.

Incident Profiles

We examined how rates change by evaluating profiles with a clean record (standard), one at-fault accident, a single speeding ticket, license suspension for alcohol related offenses and insurance cancellation due to non-payment.

Vehicle Details

These individuals own a 2018 Honda Civic, commute five days a week, and cover a distance of 15,000 kilometres annually.

Vehicle Models

Costs were also analyzed for different vehicles: Mazda CX-5, Ford Escape, Toyota Corolla, Honda Accord, Chevrolet Equinox, and the base 2018 Honda Civic.

Age and Homeownership

Profiles from age 18-65 (standard: 35 years) were considered. Depending on age, individuals might rent or own their homes. Age-related regulations may vary across provinces.

Team

MyChoice data science, MyChoice research.

Sources

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

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

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

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

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

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

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

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

9. 511 Ontario Traveller Information, Ontario, Mississauga.

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