How Does Car Insurance Work in Richmond Hill?
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 Richmond Hill 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 Richmond Hill referenced above.
| Coverage Type | What’s Included | Average Annual Car Insurance Premium |
|---|---|---|
| Mandatory | – Third-Party Liability – Accident Benefits – Uninsured Automobile | $1,030 |
| Highly Recommended | – Direct Compensation: Property Damage – Collision – Comprehensive – OPCF 20 – OPCF 27 – OPCF 44R – OPCF 39 – OPCF 43 | $1,279 |
| Coverage Total: | $2,309 |
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 | $322 |
| Accident Benefits | Covers medical costs, income replacement, and more for you and others injured in an accident, regardless of fault | $690 |
| Uninsured Automobile | Protects you if you’re hit by an uninsured or an unidentified driver and suffer injuries or vehicle damage | $18 |
| Coverage Total: | $1,030 |
*The above coverages are mandatory in Richmond Hill 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. | $567 |
| Collision | Covers your vehicle if you hit another car or object and you’re found at fault. | $346 |
| Comprehensive | Covers damage to your vehicle from non-collision events like theft, vandalism, fire, or weather. | $249 |
| 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. | $29 |
| OPCF 27: Rental Vehicle | Extends your coverage to rented or borrowed vehicles, protecting you if damage occurs while you drive them. | $30 |
| 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. | $23 |
| 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. | $33 |
| 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: | $1,279 |
*Any of the above highly recommended coverages in Richmond Hill may be removed from your quote, but we strongly recommend keeping them to have adequate protection.
Most Expensive Postal Codes in Richmond Hill
Richmond Hill has an average annual car insurance rate of $2,309, almost $400 higher than the annual average in Ontario, which is $1,874. There are a couple of postal codes in Richmond Hill that have higher average insurance rates than the rest of the city here are the most expensive postal codes:
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| L4E | $2,488 |
| L4C | $2,451 |
Least Expensive Postal Codes in Richmond Hill
Two postal codes in Richmond Hill share the same average annual car insurance premiums as the city average.
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| L4S, L4B | $2,130 |
How Richmond Hill Car Insurance Rates Compare to Nearby Cities
Richmond Hill’s car insurance rates are some of the highest in the region. You can see how they compare to some of the neighbouring cities in the table below.
| City | Average Annual Car Insurance Premium |
|---|---|
| Richmond Hill, ON | $2,309 |
| Vaughan, ON | $2,451 |
| Markham, ON | $2,163 |
| Toronto, ON | $2,231 |
| Aurora, ON | $2,023 |
| Newmarket, ON | $2,066 |
Car Insurance Cost in Richmond Hill by Age
How old you are can affect how much you pay in insurance premiums.
Drivers under 25 have higher insurance rates because they’re considered inexperienced drivers. Conversely, drivers over 60 have higher insurance premiums in Richmond Hill because their reaction times are slower and they’re more likely to get injured or killed in an accident.
Here’s the average cost of car insurance in Richmond Hill by age:
| Age | Average Annual Car Insurance Premium | Average Savings with MyChoice |
|---|---|---|
| 18-20 | $6,627 | $1,318 |
| 21-24 | $3,417 | $680 |
| 25-34 | $2,632 | $524 |
| 35-44 | $2,309 | $459 |
| 45-54 | $1,963 | $390 |
| 55-64 | $1,824 | $363 |
| 65+ | $1,870 | $372 |
Car Insurance Cost in Richmond Hill by Driving History
Insurance companies check your driving history to determine how risky you are as a driver and charge higher premiums if you’re a careless driver.
If you have multiple traffic violations and demerits, insurance companies will consider you a high-risk driver, bumping up your insurance premiums. However, if you have a consistently clean driving record, you’re more likely to get lower auto insurance rates.
Demerits and traffic violations are “reset” every two years in Ontario, though insurance companies can check your records up to ten years back to assess your riskiness as a driver.
These different traffic violations can affect your car insurance rates:
| Driving Violation | Average Annual Car Insurance Premium |
|---|---|
| Clean driving record | $2,309 |
| Insurance cancellation due to non-payment | $3,210 |
| Licence suspension for alcohol-related offences | $2,424 |
| One at-fault accident | $4,526 |
| Minor speeding ticket | $2,794 |
Car Insurance Cost in Ottawa by Vehicle Model
Below is a breakdown of the estimated insurance costs for various car models in Ottawa. 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 |
|---|---|
| Mazda | $2,153 |
| Volvo | $2,311 |
| Honda | $2,119 |
| Tesla | $2,268 |
| Toyota | $2,431 |
| Hyundai | $2,329 |
| Audi | $2,871 |
| BMW | $2,688 |
| Mercedes | $2,287 |
| Volkswagen | $2,124 |
| Subaru | $2,004 |
The Best Car Insurance Brokerages in Richmond Hill
Shopping for car insurance can be easier in Richmond Hill by going through car insurance brokerages. These companies compare policies for you and tell you what you need to know about each insurer’s policies.
Contact these insurance brokerages in Richmond Hill to help you find the best policy:
| Brokerage | Address | Phone number |
|---|---|---|
| Westland Insurance | 110 West Beaver Creek Rd Richmond Hill, ON L4B 1J9, Canada | +19057648061 |
| My Insurance Broker | 50 West Wilmot St #6 Richmond Hill, ON L4B 1M5, Canada | +18554825001 |
| Freedom Insurance Brokers Inc. | 9019 Bayview Ave #214 Richmond Hill, ON L4B 3M6, Canada | +19055976655 |
| All-Risks Insurance Brokers Limited | 11685 Yonge St Richmond Hill, ON L4E 0K7, Canada | +19058841777 |
Driving in Richmond Hill
Richmond Hill was classified as a city in 2019 and is the third-most populated municipality in the York region after the cities of Vaughan and Markham. Out of Richmond Hill’s population of 202,000, over 60% are visible minorities, making this city a diverse melting pot of cultures.
Here are a few facts about the driving experience in Richmond Hill.
- Major highways: 404, 401, 407, 7
- Public transit options: York Region Transit (bus), GO Transit (train)
- Ridesharing services: Uber, Lyft
- Parking space providers: The City of Richmond Hill, private lots
- Top tourist attractions: David Dunlap Observatory, Richmond Hill Centre for the Performing Arts, Wilcox Lake, Mill Pond Park
- Busy intersections: Laverock Avenue and Lucas Street, Highway 144 and Cedar Street, Laburnum Avenue and Hermitage Road
- Airports: None
Main Mode of Commuting in Richmond Hill
Public transportation is relatively popular in Richmond Hill, with 7.9% of the city’s commuters preferring it. Like many other cities, personal vehicles still take the top spot with 86.7% of commuters preferring them. Check the table for a closer look at Richmond Hill’s modes of commuting:
| Main mode of commuting | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 55,290 | 100.0 |
| Car, truck or van | 47,930 | 86.7% |
| Car, truck or van – as a driver | 43,835 | 79.3% |
| Car, truck or van – as a passenger | 4,090 | 7.4% |
| Public transit | 4,385 | 7.9% |
| Walked | 1,435 | 2.6% |
| Bicycle | 140 | 0.3% |
| Other method | 1,405 | 2.5% |
Commuting Duration in Richmond Hill
Richmond Hill is a rapidly growing city, so traffic may be more congested than other areas of its size. That’s why around 60% of Richmond Hill’s commuters take 15 to 44 minutes to get to work. Here’s a detailed look at the commuting duration in Richmond Hill:
| Commuting duration | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 55,290 | 100.0 |
| Less than 15 minutes | 9,145 | 16.5% |
| 15 to 29 minutes | 17,865 | 32.3% |
| 30 to 44 minutes | 16,055 | 29.0% |
| 45 to 59 minutes | 5,975 | 10.8% |
| 60 minutes and over | 6,250 | 11.3% |
Driving Conditions in Richmond Hill
Driving in an area with frequent rain and snowfall can raise your insurance premiums. Take a look at these facts about the driving conditions in Richmond Hill:
- Average daily commute time: 37 minutes round trip
- Average annual rainfall: 744.6 mm
- Average annual snowfall: 150.6 cm
- Rainy days per year: 120 days
- Rainiest month in Richmond Hill: May, October
- Driest months in Richmond Hill: February
- Snow days per year: 56 days
- Snowfall months in Richmond Hill: November – April
Traffic in Richmond Hill
Richmond Hill is a rapidly growing city, with over 200,000 residents. This concentrated population means more cars on the road and a longer commute for people living in the city.
Here are some important traffic statistics for Richmond Hill:
- Population: 202,022 people live within Richmond Hill’s city limits.
- City area: Richmond Hill’s city area spans 100.79 km2.
- Average commute distance: The average Richmond Hill resident travels x km to their workplace or school.
- Time spent in traffic annually: The average North Bay resident spends 37 minutes in traffic daily, totalling roughly 226 hours per year.
- Busiest highways: Highway 404 borders Richmond Hill to the east and connects to Highway 401, one of the busiest highways in the world. Highway 7 and Highway 407 border the city to the south.
The Most Common Questions About Car Insurance in Richmond Hill
How much does Richmond Hill car insurance cost?
In Richmond Hill, car insurance costs an average of $2,309, almost $400 more than the average car insurance rate in Ontario.
Why should you compare car insurance rates in Richmond Hill?
You should compare car insurance rates in Richmond Hill to find the best price for the coverage that you need. Different insurance companies price their policies according to different metrics, and comparing policies may get you a better rate for the amount of coverage that you want to have.
What information do you need for an auto insurance quote in Richmond Hill?
To get a basic auto insurance quote in Richmond Hill, you need to provide the details of your vehicle, such as the make, model, year, and engine type. If you provide other details like your age, driving history, and past traffic violations, you can get a more accurate quote.
How can you get cheaper car insurance in Richmond Hill?
Compare car insurance rates in Richmond Hill with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.