Car Insurance in Oakville at a Glance
| Average annual premium: | $1,970 |
| YoY city rate change: | +2.5% |
| Average monthly premium: | $164 |
| Oakville premium vs. Ontario average: | -7.6% less expensive |
| Cheapest postal code: | L6J ($1,859) |
| Most expensive postal code: | L6H ($2,047) |
| Maximum savings with MyChoice: | $1,124 |
How Does Car Insurance Work in Oakville?
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 Oakville 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 Oakville referenced above.
| Coverage Type | What’s Included | Average Annual Car Insurance Premium |
|---|---|---|
| Mandatory | – Third-Party Liability – Accident Benefits – Uninsured Automobile | $879 |
| Highly Recommended | – Direct Compensation: Property Damage – Collision – Comprehensive – OPCF 20 – OPCF 27 – OPCF 44R – OPCF 39 – OPCF 43 | $1,091 |
| Coverage Total: | $1,970 |
Quote data from MyChoice.ca, May 2026
*Starting July 1st, 2026, Ontario is splitting Accident Benefits into mandatory and optional components. Income replacement, caregiver benefits, and death benefits are no longer automatically included. Your policy will auto-renew with your current coverage, but if you’re buying a new policy after July 1, you’ll need to actively choose these add-ons.
Mandatory Coverages:
The coverages below are mandatory in Oakville and will always be included in a standard car insurance quote.
| 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 | $275 |
| Accident Benefits | Covers medical costs, income replacement, and more for you and others injured in an accident, regardless of fault | $589 |
| Uninsured Automobile | Protects you if you’re hit by an uninsured or an unidentified driver and suffer injuries or vehicle damage | $15 |
| Coverage Total: | $879 |
Quote data from MyChoice.ca, May 2026
Highly Recommended Coverages:
Any of the highly recommended coverages listed below for Oakville may be removed from your quote. However, we strongly recommend keeping them to ensure adequate protection.
| 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. | $483 |
| Collision | Covers your vehicle if you hit another car or object and you’re found at fault. | $295 |
| Comprehensive | Covers damage to your vehicle from non-collision events like theft, vandalism, fire, or weather. | $213 |
| 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. | $26 |
| 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. | $29 |
| OPCF 43: Waiver of Depreciation | Ensures you get the full purchase price back—not a depreciated value—if your new vehicle is written off. | $2 |
| Coverage Total: | $1,091 |
Quote data from MyChoice.ca, May 2026
How Oakville Car Insurance Rates Compare to Nearby Cities
Oakville’s car insurance rates are below the Ontario average but vary by area.
| City | Average Annual Car Insurance Premium | Difference from Oakville Premium |
|---|---|---|
| Oakville, ON | $1,970 | – |
| Burlington, ON | $1,806 | -8.3% |
| Mississauga, ON | $2,494 | +26.6% |
| Milton, ON | $2,003 | +1.7% |
| Hamilton, ON | $1,870 | -5.1% |
| Etobicoke, ON | $2,431 | +23.4% |
Quote data from MyChoice.ca, May 2026
Cheapest Postal Codes to Insure a Car in Oakville
Fortunately, there are some areas, like L6J (Clearview / Northeast Oakville), that offer lower insurance premiums, often below the town average.
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| L6J | $1,859 |
| L6L | $1,903 |
Quote data from MyChoice.ca, May 2026
Most Expensive Postal Codes to Insure a Car in Oakville
On average, the annual car insurance rate in Oakville is $1,970 around $150 lower than Ontario’s annual average of $2,132. Some areas in Oakville like the L6H (Uptown Core / West Oak Trails) have above-average rates.
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| L6H | $2,047 |
| L6M | $1,994 |
Quote data from MyChoice.ca, May 2026
Accident Rates by Postal Code in Oakville
Not all parts of Oakville have the same accident risk, and your postal code is one of the main factors insurers use to set your premium. The map below shows the percentage of drivers who have been in an accident across Oakville’s postal codes, based on over 50,000 quotes analyzed by MyChoice.
Source: MyChoice Quote Database
On average, 10.5% of Oakville drivers have an accident on their record. But that varies by area, from as low as 8.1% in some areas to 13.1% in others.
Areas with the highest accident rates:
- L6K — Kerr Village / East Oakville: 13.1% of drivers have an accident on record
- L6M — Glen Abbey / Palermo West: 12.9%
- L6H — Uptown Core / West Oak Trails: 9.7%
Areas with the lowest accident rates:
- L6J — Clearview / Northeast Oakville: 8.1%
- L6L — Bronte / South Oakville: 8.8%
Drivers in Kerr Village (L6K) are 62% more likely to have an accident on their record than drivers in Clearview (L6J).
Car Insurance Cost in Oakville by Age
Your age influences auto insurance premiums because it impacts your accident risk.
Young drivers pay more because they tend to be inexperienced and are more likely to get into accidents, while older drivers get higher rates because they’re more likely to get hurt or killed in an accident.
Here’s a look at how age impacts your Oakville auto insurance premiums:
| Age | Average Annual Car Insurance Premium | Annual Savings with MyChoice |
|---|---|---|
| 18–20 | $5,654 | $1,124 |
| 21-24 | $2,916 | $580 |
| 25–34 | $2,246 | $447 |
| 35-44 | $1,970 | $392 |
| 45-54 | $1,675 | $333 |
| 55-64 | $1,556 | $309 |
| 65+ | $1,596 | $317 |
Quote data from MyChoice.ca, May 2026
Car Insurance Cost in Oakville by Driving History
Insurers use your driving history to determine premiums because it predicts future driving behaviour. Drivers with numerous past violations pay more on insurance because they’re more likely to get in accidents. Conversely, safe drivers pay less on insurance because they’re less likely to get into accidents.
Per Ontario traffic laws, your violations and demerits go away after two years. Still, insurance companies sometimes check your driving record as far back as 10 years, so even old driving violations can raise your premiums.
Here’s a look at how various driving violations can raise your premiums:
| Driving Violation | Average Annual Car Insurance Premium |
|---|---|
| Clean driving record | $1,970 |
| Insurance cancellation due to non-payment | $2,739 |
| Licence suspension for alcohol-related offences | $2,068 |
| One at-fault accident | $3,861 |
| Minor speeding ticket | $2,384 |
Quote data from MyChoice.ca, May 2026
Car Insurance Cost in Oakville by Vehicle Model
Below is a breakdown of the estimated insurance costs for various car models in Oakville. 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 |
|---|---|
| Tesla Model 3/Y | $2,298 |
| Honda Civic | $2,115 |
| Toyota RAV4 | $2,159 |
| Toyota Corolla | $1,933 |
| Honda CR-V | $2,284 |
| Hyundai Tucson | $2,070 |
| Mazda Mazda3 | $1,585 |
| Nissan Rogue | $1,898 |
| Lexus RX 350 | $2,809 |
Quote data from MyChoice.ca, May 2026
The Best Car Insurance Brokerages in Oakville
Car insurance brokers help you find the best-valued policies by comparing deals and answering your insurance questions.
Here are several Oakville insurance brokers that you can visit for assistance in your search for auto insurance:
| Brokerage | Address | Phone number |
|---|---|---|
| Morison Insurance Brokers Inc. | 112 Wilson St Unit B Oakville, ON L6K 3G6, Canada | +19053386888 |
| Oakville Insurance Brokers | 345 Lakeshore Rd E Suite 306 Oakville, ON L6J 1J5, Canada | +19058450391 |
| All-Risks Insurance Brokers Limited | 2345 Wyecroft Rd #13 Oakville, ON L6L 6L8, Canada | +19058470400 |
| Billyard Insurance Group – Oakville | 515 Dundas St W Suite #214 Oakville, ON L6M 1L9, Canada | +19053644007 |
Driving in Oakville
The town of Oakville is part of the Greater Toronto Area (GTA) and is often seen as an oasis from the fast-paced life of Toronto. As Ontario’s largest town, it offers an abundance of natural beauty while still retaining the comforts of modern living.
Driving in Oakville is enjoyable, thanks to its many streets and robust public transportation. Here are some important facts about driving in this town:
- Major highways in Oakville: Queen Elizabeth Way, 403, 407
- Public transit options: Oakville Transit (bus), GO Transit (train and bus), Via Rail (train)
- Ridesharing services: Uber, Lyft
- Parking space providers: The Town of Oakville, private lots
- Top tourist attractions: Gairloch Gardens, Lion’s Valley Park, Bronte Creek Provincial Park, Coronation Park, Bronte Heritage Park, Oakville Public Library
- Busy intersections: Dundas Street East and Trafalgar Road, Kerr Street and Speers Road, Speers Road and Third Line
- Airports: N/A
Commuting Duration in Oakville
Oakville is densely-populated and relatively busy, so the commuting times are about par for the course. One third of the city’s commuters spend 15 to 29 minutes on the road. Meanwhile, 22% of Oakville commuters spend 30 to 44 minutes getting to work. Check the table below for more information on commuting times in Oakville:
| Commuting duration | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 54,320 | 100.0 |
| Less than 15 minutes | 14,895 | 27.4% |
| 15 to 29 minutes | 17,515 | 32.2% |
| 30 to 44 minutes | 11,985 | 22.1% |
| 45 to 59 minutes | 5,055 | 9.3% |
| 60 minutes and over | 4,860 | 8.9% |
Driving Conditions in Oakville
Driving conditions like snow and rain impact your auto insurance premiums because they influence your driving risk. Here’s a look at Oakville’s driving conditions:
- Average daily commute time: 58 minutes round trip
- Average annual rainfall: ~830mm
- Average annual snowfall: ~100cm
- Rainy days per year: 100
- Rainiest month in Oakville: July
- Driest months in Oakville: September
- Snow days per year: 41
- Snowfall months in Oakville: January – May, November – December
Traffic in Oakville
Oakville is the largest town in the province and part of the most densely-populated areas in Canada, so traffic may be heavier than in most other suburbs. Here’s a look at key traffic stats in Oakville:
- Population: 213,759 people live within Oakville’s city limits.
- Town area: Oakville’s town area spans 138.94 km2.
- Time spent in traffic annually: The average Oakville resident spends 58 minutes in traffic daily, totalling roughly 352 hours per year.
- Busiest highways: The Queen Elizabeth Way, which sees 200,000 vehicles per day on average, runs through most of Oakville.