Richmond Hill Car Insurance at a Glance
| Average annual premium: | $2,422 |
| YoY city rate change: | +4.9% |
| Average monthly premium: | $202 |
| Richmond Hill premium vs. Ontario average: | +13.6% more expensive |
| Cheapest postal code: | L4S ($2,387) |
| Most expensive postal code: | L4E ($2,489) |
| Maximum savings with MyChoice: | $1,382 |
Quote data from MyChoice.ca, May 2026
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 | $1,081 |
| Highly Recommended | – Direct Compensation: Property Damage – Collision – Comprehensive – OPCF 20 – OPCF 27 – OPCF 44R – OPCF 39 – OPCF 43 | $1,341 |
| Coverage Total: | $2,422 |
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 Richmond Hill 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 | $338 |
| Accident Benefits | Covers medical costs, income replacement, and more for you and others injured in an accident, regardless of fault | $724 |
| Uninsured Automobile | Protects you if you’re hit by an uninsured or an unidentified driver and suffer injuries or vehicle damage | $19 |
| Coverage Total: | $1,081 |
Quote data from MyChoice.ca, May 2026
Highly Recommended Coverages:
Any of the highly recommended coverages listed below for Richmond Hill 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. | $594 |
| Collision | Covers your vehicle if you hit another car or object and you’re found at fault. | $362 |
| Comprehensive | Covers damage to your vehicle from non-collision events like theft, vandalism, fire, or weather. | $262 |
| 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. | $30 |
| OPCF 27: Rental Vehicle | Extends your coverage to rented or borrowed vehicles, protecting you if damage occurs while you drive them. | $32 |
| 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. | $24 |
| 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. | $35 |
| 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: | $1,341 |
Quote data from MyChoice.ca, May 2026
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 | Difference from Richmond Hill Premium |
|---|---|---|
| Richmond Hill, ON | $2,422 | – |
| Markham, ON | $2,364 | -2.4% |
| Vaughan, ON | $2,705 | +11.7% |
| Newmarket, ON | $2,140 | -11.6% |
| Aurora, ON | $2,222 | -8.3% |
| Toronto, ON | $2,348 | -3.1% |
Quote data from MyChoice.ca, May 2026
Cheapest Postal Codes to Insure a Car 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 | $2,387 |
Quote data from MyChoice.ca, May 2026
Most Expensive Postal Codes to Insure a Car in Richmond Hill
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 | $2,489 |
| L4C | $2,455 |
Quote data from MyChoice.ca, May 2026
Accident Rates by Postal Code in Richmond Hill
Not all parts of Richmond Hill 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 Richmond Hill’s postal codes, based on over 50,000 quotes analyzed by MyChoice.
Source: MyChoice Quote Database
On average, 11.6% of Richmond Hill drivers have an accident on their record. But that varies by area, from as low as 10.8% in some areas to 12.8% in others.
Areas with the highest accident rates:
- L4E — Oak Ridges / Lake Wilcox: 12.8% of drivers have an accident on record
- L4C — Richmond Hill Southwest: 12.1%
Areas with the lowest accident rates:
- L4S — Richmond Hill Central: 10.9%
- L4B — Richmond Hill Southeast: 10.8%
Drivers in southwest Richmond Hill (L4C) are 12% more likely to have an accident on their record than drivers in the southeast (L4B).
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 | Annual Savings with MyChoice |
|---|---|---|
| 18-20 | $6,951 | $1,382 |
| 21-24 | $3,585 | $713 |
| 25-34 | $2,761 | $549 |
| 35-44 | $2,422 | $482 |
| 45-54 | $2,059 | $409 |
| 55-64 | $1,913 | $380 |
| 65+ | $1,962 | $390 |
Quote data from MyChoice.ca, May 2026
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 | $2,422 |
| Insurance cancellation due to non-payment | $3,367 |
| Licence suspension for alcohol-related offences | $2,543 |
| One at-fault accident | $4,747 |
| Minor speeding ticket | $2,931 |
Quote data from MyChoice.ca, May 2026
Car Insurance Cost in Richmond Hill 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 |
|---|---|
| Tesla Model 3/Y | $2,823 |
| Honda CR-V | $2,797 |
| Toyota Corolla | $2,386 |
| Hyundai Elantra | $2,677 |
| Toyota RAV4 | $2,660 |
| Honda Civic | $2,585 |
| Nissan Rogue | $2,322 |
| Ford EScape | $1,934 |
| Hyundai Santa Fe | $2,434 |
| Audi Q3 | $2,436 |
| Kia Seltos | $2,411 |
| Toyota Camry | $2,274 |
Quote data from MyChoice.ca, May 2026
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: Yonge & Major Mackenzie, Bayview & 16th Ave, Leslie & Elgin Mills
- Airports: None
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.
- Time spent in traffic annually: The average Richmond Hill 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.