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Oakville 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

4 minute read

Article Contents

Quick Facts About Auto Insurance in Oakville

  • Oakville car insurance is LESS expensive than the Ontario average.
  • The average annual car insurance cost in Oakville for a driver with comprehensive/collision coverage and a clean record is around $1,586.
  • Comparing Oakville auto insurance quotes with MyChoice can save you up to $1,126 annually.

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:

BrokerageAddressPhone number
Morison Insurance Brokers Inc.112 Wilson St Unit B
Oakville, ON L6K 3G6, Canada
+19053386888
Oakville Insurance Brokers345 Lakeshore Rd E Suite 306
Oakville, ON L6J 1J5, Canada
+19058450391
All-Risks Insurance Brokers Limited2345 Wyecroft Rd #13
Oakville, ON L6L 6L8, Canada
+19058470400
Billyard Insurance Group – Oakville515 Dundas St W Suite #214
Oakville, ON L6M 1L9, Canada
+19053644007

Most Expensive Postal Codes in Oakville

On average, the annual car insurance rate in Oakville is $1,586, around $100 lower than Ontario’s annual average of $673. Some areas in Oakville like the L6H (College Park, River Oaks, Wedgewood Creek, Falgarwood, Joshua Creek) have above-average rates.

Postal CodeAverage Annual Car Insurance Premium
L6H$1,741
L6J$1,736

Least Expensive Postal Codes in Oakville

Fortunately, there are some areas like L6K (Southwest, Central, and old Oakville) which offer lower insurance premiums, often below the town average.

Postal CodeAverage Annual Car Insurance Premium
L6K$1,522
L6L$1,532

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:

AgeAverage Annual RatesAverage Savings with MyChoice
18-20$5,662$1,126
21-24$3,235$644
25-34$2,157$429
35-44$1,586$315
45-54$1,301$259
55-64$1,105$220
65+$1,260$251

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 ViolationAverage Annual Car Insurance Premium
Clean driving record$1,586
Insurance cancellation due to non-payment$2,601
Licence suspension for alcohol-related offences$1,903
One accident$3,489
Speeding ticket$2,062

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

Main Mode of Commuting in Oakville

There are almost as many car passengers as public transit users in Oakville. However, the most popular commuting method by far is still driving your own vehicle. Take a closer look at the modes of commuting in Oakville with this table:

Main mode of commutingCountsRates
Total – 25% sample data54,320100.0
Car, truck or van46,30585.2%
Car, truck or van – as a driver42,37578.0%
Car, truck or van – as a passenger3,9307.2%
Public transit3,8507.1%
Walked2,0203.7%
Bicycle2500.5%
Other method1,8903.5%

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 durationCountsRates
Total – 25% sample data54,320100.0
Less than 15 minutes14,89527.4%
15 to 29 minutes17,51532.2%
30 to 44 minutes11,98522.1%
45 to 59 minutes5,0559.3%
60 minutes and over4,8608.9%

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: 13.3 mm
  • Average annual snowfall: 8.4 mm
  • 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.
  • Average commute distance: The average Oakville resident travels x km to their workplace or school. 
  • 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.

The Most Common Questions About Car Insurance in Oakville

How much does Oakville car insurance cost?

The annual average car insurance rate in Oakville is $1,586, lower when compared to Ontario’s average of $1,673.

Is car insurance cheaper in Oakville than in Toronto?

At $1,586/year, car insurance in Oakville is considerably cheaper than Toronto’s $2,139/year.

Why should you compare car insurance rates in Oakville?

You should compare car insurance rates in Oakville to see which insurance company provides the best value for your money.

Is car insurance cheaper in Oakville than in Brampton?

Car insurance in Oakville is $1,586/year on average, considerably cheaper than Brampton’s $2,922/year.

How can you get cheaper auto insurance in Oakville?

Compare car insurance rates in Oakville 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, Oakville, Car Insurance Quotes Collected, 2024.

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

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

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

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

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

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

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

9. 511 Ontario Traveller Information, Ontario, Oakville.

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