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Thunder Bay Car Insurance

Situated in the upper North Western parts of Ontario, Thunder Bay is a naturally beautiful city with an abundance to offer from hiking to sailing in the bay. Its geographical location makes the city a major crossroad for travelers and has earnt it the nickname of “Canada’s Gateway to the West”.

Whilst public transportation is adequately offered most locals cannot get by without a car and for those with a car comes the need for car insurance. Therefore, whether you regularly take the Thunder Bay Expressway or look to avoid this 4 lane highway the need to be insured is ever present, let us do the legwork and start comparing different rates with us at My Choice now!

Thunder Bay Car Insurance FAQs

  • How much is car insurance in Thunder Bay?
    The average cost of car insurance in Thunder Bay in 2021 is $1,974 per year, which increased by $771 from the 2020 average annual cost of $1,203. However, drivers who are in good standing may be able to secure yearly rates as low as $1,000.
  • Is car insurance in Thunder Bay expensive?
    Despite being well above the provincial average of $1,505, compared to many other cities in Ontario, car insurance in Thunder Bay is relatively inexpensive. For example, residents of Ottawa, London, Toronto, and North York can expect to pay higher annual premiums. The annual car insurance rates in these cities are $2,195, $2,765, $2,983, and $4,261, respectively.
  • How to get the cheapest car insurance in Thunder Bay?
    Keeping a clean driving record is one of the best ways to get cheap car insurance. Just by being a good driver, you can lower your risk of accidents and avoid traffic tickets to keep your premiums low. Safe driving prevents you from needing to file claims with your insurance as well, and many insurers offer discounts to safe drivers. The type of car you drive will also determine how much you will have to pay for your annual insurance. Generally, mid-sized vehicles come with lower premiums due to their higher safety ratings. On the other hand, luxury vehicle owners will have higher rates because of the increased likelihood of theft and the high cost of repairs. Bundling your auto insurance with your home insurance can help save you money on your annual insurance costs, as well. If you have multiple cars that you can insure on a single policy, consolidating may help to lower your rate, too. Finally, it always pays to shop around for your car insurance. The best way to get the cheapest car insurance is to compare rates right here on My Choice.
  • When is a good time to compare car insurance rates in Thunder Bay?
    There’s never a bad time to begin comparing car insurance rates. Even if you don’t need to renew your policy for a while, early rate comparison can prepare you for when that time comes. You might find that another insurer can offer you a much lower premium than your current carrier. Additionally, a few specific life events can affect your premium. You may want to shop around and compare rates if you recently married, plan to move to a new city, or purchase a new car. Your premium can also change if you take certain driving courses.
  • Which car is the cheapest to insure in Thunder Bay?
    As of 2021, the Mitsubishi Mirage is one of the cheapest cars to insure in Thunder Bay. The Mirage is a compact hatchback that is easy on fuel consumption without yielding power. This model can handle the rough Canadian winters and won’t falter in any weather conditions. Ontario insurers also offer discounts for drivers who equip their vehicles with snow tires, so you can lower the insurance rate on your Mirage just by using efficient equipment.
  • What is the cheapest postal code for car insurance in Thunder Bay?
    While annual car insurance rates can vary greatly by postal code outside of the city, there’s not much evidence that suggests a significant variance in costs within Thunder Bay. Any differences in car insurance premiums you may find between Thunder Bay postal codes will be minimal.
  • What are the most dangerous intersections in Thunder Bay?
    Avoiding intersections with high collision rates won’t change your car insurance rate directly, but it will reduce your chance of getting into an accident. Take care when driving on the Harbour Expressway. The three most dangerous intersections in Thunder Bay appear along this route, including the intersections of Balmoral Street, Golf Links Road, and Memorial Avenue. The intersections of Arthur Street and James Street South and Central Avenue and Memorial Avenue are also high risk. Thunder Bay sees approximately 2,012 collisions each year. While research indicates the collision rate in the city is declining, the Thunder Bay District Health Unit noted that vehicular collisions cause more injuries in the city than any other source. Due to off-road traffic from snowmobiles and ATVs and the presence of wildlife, it’s important to exercise additional caution in the area. When driving in Thunder Bay, you should also be cautious of potholes as well as flash flooding that can cause dangerous conditions and lead to a higher risk of collision.
  • Average Auto Insurance Rates in Thunder Bay

    It’s no secret that the average car insurance rates within Ontario are the highest in Canada, therefore it would be normal to assume that rates would also be high in the Thunder Bay region. However, good news, the average rate for auto insurance is considerably cheaper than the province average; in 2016
    the Thunder Bay average is $1195 whilst Ontario is $1,458 - a saving of roughly 20%.

    If you’ve caught yourself wondering why this is, well it comes down to a couple of reasons primarily. It all starts with location, location, location, situated far enough from the GTA, Thunder Bay insurance rate premiums are not affected by the Toronto area. Finally, the other main factor is the relatively low amount of traffic on the roads, this, in turn, helps to reduce accidents and premiums for Thunder Bay.

    Source: Kanetix Study

    *Actual Quoting Data. Based On A Clean Driving Record.

    Tips & Tricks for driving in Thunder Bay

    When driving in any city it’s worth knowing what you can about the place, and that’s no difference with Thunder Bay.

    1. One of the main drawcards for annual tourists to Thunder Bay is the Fort William Historical Park, a former trade post since 1815. The park was listed as a world heritage site in the early 20th century and is accessible just off Highway 61 towards the south of Thunder Bay.
    2. Thunder Bay can be susceptible to some harsh and volatile weather, especially in the winter so it’s important to stay aware and focused when driving around this time. On a lighter note, Thunder Bay is quite sunny and on average is sunnier than any city in Canada located to the east of it.

    Collision Statistics in Thunder Bay

    Drivers who are looking for the safest routes to drive in Thunder Bay may want to become accustomed to the number of collisions that usually occur in the area. Not only is this good to know to help ease the commutes home but it will also come in handy when considering what car insurance to purchase.

    In one of the more recent annual reports from Thunder Bay Police, they have been able to record and detail some collisions statistics for the Thunder Bay area.


    • Total number of collisions in 2020 – 3,751
    • Total number of fatal collisions in 2020 – 2

    Source: Thunder Bay Collision Report, 2020

    What Are The Most Dangerous Intersections in Thunder Bay?

    In regards to the location of these collisions throughout Thunder Bay, these have also been disclosed by police and you may want to avoid the Harbor Expressway. The commonly used street possesses up to 3 different intersections that are considered dangerous, the most common collisions seen are usually rear-ending incidents – an insurance nightmare.

    Some of the dangerous intersections are:

    • – Harbour/Memorial
    • – Central/Memorial
    • – Golf Links/Harbour

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