It’s not unusual for Toronto drivers to have very different risk profiles based on where they live and where they drive. A downtown driver might do most of their driving in short trips around congested streets, whereas a driver living further out might spend time on Highway 401, the DVP or Gardiner daily. The risk of car theft also varies significantly from one area to the next.
This page shows how much Toronto drivers pay for car insurance, how costs vary by postal code, age, driving history and car, and which elements make up most of the price.
The rates listed here are based on over 1,500 auto insurance quotes collected through MyChoice since January 2026.
Toronto Auto Insurance: Key Premium Facts
In Toronto, the median yearly car insurance cost is $2,456. That comes out to about $205 a month. That amount is just 4.7% higher than the provincial median.
It might surprise some that this is less than what you would think for the largest city in Canada. In fact, based on our research, Toronto is more affordable than Etobicoke, Scarborough, Vaughan, Markham and Brampton.
| Median annual premium | $2,456 |
| Median monthly premium | $205 |
| Toronto premium vs. Ontario Median | 4.7% more expensive |
| Cheapest Postal Code | M4P ($2,136) |
| Most Expensive Postal Code | M6M ($2,751) |
Toronto Car Insurance Rates by Postal Code Area
Toronto’s postal-code medians range from $2,136 (postal codes M4P and M4C) to $2,751 (postal codes M6M and M6N). This represents a gap of over $600 per year, or approximately 29% between the lowest and highest values displayed.
The local statistics don’t line up perfectly with accidents or thefts either. Take M5J, which has a relatively low accident rate and very few stolen vehicles. Its premium is higher than some other parts of the city. So your address does matter, but there isn’t one local statistic that explains what insurance companies charge.
| Postal Code | Median Annual Car Insurance Premium |
|---|---|
| M6M | $2,751 |
| M6N | $2,751 |
| M4Y | $2,614 |
| M5A | $2,579 |
| M6G | $2,554 |
| M6J | $2,515 |
| M5B | $2,471 |
| M5J | $2,466 |
| M6P | $2,456 |
| M4X | $2,434 |
| M5V | $2,343 |
| M6H | $2,343 |
| M6K | $2,308 |
| M4P | $2,136 |
| M4C | $2,136 |
Accident Rates by Postal Code in Toronto
There are areas of Toronto that have a higher risk for accidents than others. The main indicator for your insurance company when determining your rate is your postal code. In the chart below, you can see the percentage of drivers in each postal code who have had an accident, based on MyChoice’s analysis of more than 50,000 quotes.
Source: MyChoice Quote Database
In Toronto, on average, 8.6% of drivers have an accident on their record. However, this varies significantly by area, with some places at less than 4% and others as high as nearly 17%.
Areas with the highest accident rates:
- M9P — Westmount (Etobicoke): 16.7% of drivers have an accident on record
- M1X — Upper Rouge (Scarborough): 13.5%
- M9R — Richview / Kingsview (Etobicoke): 12.0%
- M8V — Humber Bay / Mimico (Etobicoke): 11.9%
- M1H — Cedarbrae (Scarborough): 11.9%
Areas with the lowest accident rates:
- M5J — Harbourfront / CityPlace: 3.8%
- M8W — Long Branch / Alderwood: 4.1%
- M5T — Chinatown / Kensington Market: 4.3%
- M6G — Christie Pits: 4.8%
- M9L — Humber Summit: 4.9%
M9P Westmount drivers are 4x more likely to have an accident on their record than M5J Harbourfront drivers, which means hundreds of dollars difference in premiums.
Even if you live in a high-accident postal code, you may be able to lower your rate by maintaining a clean driving history, completing a defensive driving course or having a dashcam installed. A few insurance companies give you a discount for each of these.
Congestion, Street Users, and Theft Risk in Toronto
In Toronto, drivers need to worry about two distinct threats: traffic congestion and car theft.
Downtown is where there’s likely to be a lot more interaction between your car and a bike, pedestrian, streetcar, delivery truck or construction zone. Theft may be a greater risk in other parts of Toronto.
If your car is a popular target for thieves, check with your insurer if that car model has a higher comprehensive deductible, theft surcharge, or requires anti-theft devices. That’s far more useful than finding out that Toronto as a whole has a high theft rate.
Car Theft Hot Spots in Toronto
In Toronto, auto thefts declined by 24.1 percent from 2024 to 2025 (7,226 vs. 9,522), although the city has seen almost 39,000 thefts in the last four years. While the decrease is positive, auto thefts are still significantly higher than they were before 2020, and remain a primary driver of elevated insurance rates.
Source: Toronto Police Service Open Data
Read More: How Vehicle Theft Shapes Toronto Car Insurance Rates
Areas with the highest number of car thefts:
- M9W — Rexdale / Humberwood: 2,708 thefts since 2022 — the single worst postal code in Toronto by a wide margin. 509 thefts in 2025 alone, down 18.7% from 2024
- M1V — Milliken / Agincourt North (Scarborough): 1,126 thefts. Down 29.5% YoY but still classified “Very High”
- M9V — Rexdale / Thistletown: 1,078 thefts. Down 24.7% YoY
- M1B — Rouge / Malvern (Scarborough): 935 thefts — and barely declining at just -3.2% YoY, one of the slowest improvements in the city
- M1P — Dorset Park / Scarborough Town Centre: 899 thefts. Down 21.3% YoY
- M3J — York University / Black Creek: 846 thefts. Down 13.4% YoY
Areas with the lowest number of car thefts:
- M5C — St. Lawrence Market / Downtown East: just 36 thefts since 2022
- M5E — Harbourfront East: 51 thefts
- M5J — Harbourfront / CityPlace: 66 thefts
- M5S — University of Toronto: 71 thefts
- M4Y — Church-Wellesley Village: 118 thefts
Vehicle thefts occur 75 times more often for those living in Rexdale (M9W) compared to those in St. Lawrence Market (M5C).
“Our analysis shows that nearly 39,000 vehicles were stolen across Toronto in just four years, with Rexdale alone accounting for over 2,700 of them,” says Matthew Roberts, COO of MyChoice. “In high-theft postal codes, drivers should make sure they have comprehensive coverage on their policy. Without it, you’re completely unprotected if your vehicle is stolen. We’d also recommend looking into anti-theft devices. Installing a GPS tracker, steering wheel lock, or aftermarket immobilizer can protect your vehicle and lower your insurance premium.”
Car Insurance Costs Around Toronto
Toronto’s $2,456 median is less than any adjacent GTA city below. The closest to Toronto is Scarborough at $2,920 – that’s $464 more. Brampton is $4,210. If you move within the GTA, update your insurer with your new address and request a quote based on your new location and expected driving habits. A city-level rate for your previous address may not reflect your new premium.
| City | Median Annual Car Insurance Premium | Difference from Toronto Premium |
|---|---|---|
| Toronto, ON | $2,456 | — |
| Etobicoke, ON | $3,055 | +24.4% |
| Scarborough, ON | $2,920 | +18.9% |
| Vaughan, ON | $2,977 | +21.2% |
| Markham, ON | $3,046 | +24.0% |
| Brampton, ON | $4,210 | +71.4% |
What Makes Up the Toronto Premium?
In Toronto, around 54% of the premium is spent on vehicle damage coverage, with the legally mandated portion taking around 37%, leaving just 9% for optional accident benefits and endorsements.
That’s why the auto side of the policy is especially important in Toronto. Collision, comprehensive, and DCPD account for more of the premium than mandatory liability and injury coverage combined.
If you have an older car, it may be worth reviewing your collision coverage. But if you have a car with high theft risk, it’s probably much harder to make the case for dropping comprehensive coverage.
| Part of the policy | What is included | Median Annual Car Insurance Premium |
|---|---|---|
| Legally required coverage | Third-Party Liability; mandatory medical, rehabilitation and attendant care; Uninsured Automobile | $916.74 |
| Vehicle damage protection | DCPD; Collision; Comprehensive | $1,327.17 |
| Optional Accident Benefits | Selected optional benefits shown below | $197.00 |
| Optional endorsements | OPCF 44R – Family Protection | $15.09 |
| Coverage Total: | $2,456 |
Ontario introduced changes to its car insurance system on July 1st, 2026, making several accident benefits optional. Learn more about the reform and how the changes affect drivers across the province. Speak with a licensed insurance professional before removing any optional accident benefits from your policy.
Toronto Auto Insurance Rates by Age Group
In Toronto, premiums for young drivers remain elevated well past their teens. Median car insurance premiums are $6,093 for 18- to 20-year-olds and $5,239 for 21- to 24-year-olds; they’re $4,819 for 25- to 34-year-olds. But then there’s a huge drop: At 35 to 44 years old, the median is just $2,456.
The net result for young drivers in Toronto is that hitting 25 doesn’t mean you’ll have a premium near the city average. It helps if you’ve built up a few years of clean driving and insurance coverage.
| Age | Median Annual Car Insurance Premium |
|---|---|
| 18-20 | $6,093 |
| 21-24 | $5,239 |
| 25-34 | $4,819 |
| 35-44 | $2,456 |
| 45-54 | $2,440 |
| 55-64 | $2,550 |
| 65+ | $2,240 |
Car Insurance in Toronto: Clean Record vs. Violations
Even a relatively minor speeding ticket increases Toronto’s median car insurance premium to $3,340, up from $2,456, which is an increase of approximately 36%. One at-fault accident increases the premium to $3,840, which is 56% higher than the clean record rate.
So for a driver in Toronto facing already high vehicle or neighbourhood costs, one incident can therefore add substantially more than most discounts will ever save.
| Driving record | Median Annual Car Insurance Premium |
|---|---|
| Clean | $2,456 |
| Minor speeding ticket | $3,340 |
| One at-fault accident | $3,840 |
| Insurance cancellation (non-payment) | $3,287 |
| Licence suspension | $3,460 |
| Impaired driving conviction | $5,759 |
| Stunt driving conviction | $3,777 |
Read More: See Where Toronto Sits in Terms of Speeding Ticket Rates in Ontario
Comparing Vehicle Premiums in Toronto
The 2023 Jeep Wrangler Sport has the lowest median insurance premium at $2,008. It’s followed by the Audi Q5, also at $2,044. The Mazda CX-5 comes in last, with a premium of $2,847.
For Toronto drivers, especially those worried about theft, ask the insurer how they rate your specific model rather than assuming that all SUVs or all luxury cars are high-risk. Theft rates, claim rates, and repair costs may vary widely even for models that seem like they’re in the same category.
| Make | Model | Model year | Vehicle price | Median premium |
|---|---|---|---|---|
| BMW | 435I Xdrive 2Dr Awd | 2016 | $58,695 | $2,356 |
| Mazda | Cx-5 Signature Turbo 4Dr Awd | 2019 | $42,998 | $2,847 |
| Buick | Encore Essence 4Dr Awd | 2020 | $33,492 | $2,275 |
| Audi | Q5 4Dr Awd | 2014 | $48,510 | $2,044 |
| Jeep | Wrangler Sport 4Wd | 2023 | $42,412 | $2,008 |
The Most Common Questions About Car Insurance in Toronto
Is there first-time car buyer insurance in Toronto?
There isn’t car insurance specifically for first-time buyers in Toronto. If you’re a student or a minor, you could request to be added on to your parents’ insurance plan so you don’t have to buy insurance yourself.
Can Toronto police stop you?
Although police can stop someone on a roadway without reason for highway safety purposes, such as verifying the driver’s licence, insurance, sobriety, and/or vehicle fitness, that power isn’t unlimited, nor does it give them the ability to make a stop, or unrelated investigation, for literally every conceivable reason.
How much is car insurance in Toronto after getting a G2 driver’s licence?
The standard-profile premium for Toronto is now $2,456 per year, or approximately $205 per month. The cost of your insurance will vary depending on your location, car, drivers, claims history, and coverage levels.
Why do Toronto car insurance rates change so often?
There are many reasons why your Toronto car insurance rates could change. Inflation, the rising cost of living, or a change in risk associated with your car can all be reasons for an increase. Typically, car insurance rates are adjusted on the anniversary of your policy date, subject to FSRA’s approval.
When is the best time to compare car insurance in Toronto?
The ideal time to check car insurance prices in Toronto is towards the conclusion of your policy term. If you’re nearing the end of your coverage period, it’s worthwhile to search the marketplace for a more favourable rate than what you’re currently paying.
Is car insurance mandatory in Toronto?
The same rules apply to Toronto and the rest of Canada where car insurance is compulsory. If you’re caught driving without it you can get fined or your licence can be suspended.
How can you get cheaper car insurance in Toronto?
Compare car insurance rates in Toronto with MyChoice, or head over to our main car insurance page to see other ways of obtaining cheap car insurance quotes.
