How Can You Get Cheap Car Insurance in Vaughan?
You can get cheap Vaughan car insurance by finding the best deals. Here are several tips to help you do so:
Compare Rates Between Insurers
Vaughan has a highly competitive auto insurance market, so insurers are constantly vying for your business. When insurers try to give you the best deals, it’s you who wins. Compare rates and shop around to see which insurance provider fits your auto protection needs affordably.
Take Bundled Policies
One of the best ways to save money while shopping is to buy a package deal, and insurance is no different. If you bundle home and auto insurance from the same company, you’re much more likely to get lower rates.
Ask For A Higher Deductible
You must pay a deductible on insurance claims before your carrier covers the remaining expenses. A higher deductible means paying extra if something happens to your car, but it also means you’ll get lower insurance premiums.
Request Group Discounts
Many insurance companies deal in group discounts for companies and other organizations. If you’re shopping for auto insurance in Vaughan for work, ask your agent about group deals and discounts.
Pay Annual Premiums
Paying annual insurance premiums might look expensive initially, but it’s generally cheaper than paying them monthly. Ask your insurers about half-year premiums if you can’t afford annual premiums.
Motor vehicle offences and accidents stay on your record for years. Unfortunately, any driving violation on your record will considerably increase your insurance rates. However, this also means you’ll get lower auto insurance rates if you have no offences on record.
Consider Taking Usage-Based Insurance
Usage-based insurance (UBI) or pay-as-you-go insurance tracks your driving behaviour to determine how much you must pay for insurance. Taking UBI lets you save up to 30% on your annual premiums, so it’s a good option if you consider yourself a safe driver.
Take Driving Courses
Accredited driving lessons make you a safer driver and let you earn discounts on auto insurance in Vaughan.
Choose the Coverage You Need
Naturally, more insurance protection leads to higher rates. While some auto insurance coverage is mandatory, you have optional insurance coverage like at-fault accident and theft protection. Review your policy and skip unnecessary optional coverage to save on insurance premiums.
Buy Affordable Cars
Cars that are expensive and hard to replace tend to get hit with higher premiums. If possible, buy affordable and reliable cars that are more common and easy to repair or replace if you want lower insurance rates.
Quick Facts About Auto Insurance in Vaughan
- Vaughan car insurance is MORE expensive than the Ontario average.
- The average annual car insurance cost in Vaughan for a driver with a clean record is around $2,606.
- Drivers without a clean record in Vaughan can pay up to $5,744 annually, depending on factors like driving and claim history.
- Comparing Vaughan auto insurance quotes with MyChoice can save you up to $1850 annually.
Who Provides Car Insurance Quotes in Vaughan?
Insurance brokers, agents, aggregators, and direct writers provide car insurance quotes in Vaughan. Here’s an overview of these four insurance quote providers:
Insurance brokers are independent professionals who help you shop for the best rates by comparing deals from multiple insurers. Because they have a bird’s-eye view of the current Vaughan insurance landscape, they can show you which companies offer the best insurance deals and answer any questions you may have.
Brokers take a commission from insurance companies, which could increase your rates. You might spend more money than if you had found an insurer yourself.
Like insurance agents, direct writers only sell insurance products from one company. Direct writers are typically found online and are cheaper because they don’t have physical offices.
Insurance agents work for a certain insurer, so they can only offer their employer’s insurance products. However, they know their insurer like the back of their hands and might even give you discounts that brokers don’t have access to.
Additionally, insurance agents can close insurance sales independently, meaning you can purchase insurance from them right then and there.
An insurance aggregator website like MyChoice compiles rates from various insurance brokers, companies, and direct writers in one place. You can browse aggregator websites to find the best deals from the top insurance companies and get quotes instantly.
Better yet, insurance aggregators are accessible online and entirely free for customers, so you can look up insurance rates without spending a single penny or leaving the house.
The Best Car Insurance Brokerages in Vaughan
A car insurance brokerage offers invaluable assistance by comparing offers between different Vaughan car insurers and answering your questions.
Here are several well-known car insurance brokerages in Vaughan. Contact them through their details below if you need help looking for affordable car insurance:
|Allstate Insurance: Vaughan Agency
|3120 Rutherford Rd
Concord, ON L4K 0B1, Canada
|All-Risks Insurance Brokers Limited
|127 Corstate Ave #2
Vaughan, ON L4K 4Y2, Canada
|ELM Insurance Brokers Inc.
|400 Applewood Crescent Suite 300
Concord, ON L4K 0C3, Canada
How Does Car Insurance Work in Vaughan?
Car insurance in Vaughan works by providing financial coverage in case something bad happens to you or your car, depending on the protection you choose. Auto insurance in Vaughan is mandatory by local laws, which means you need car insurance to avoid fines or driver’s licence suspensions.
Worse still, if you get convicted of driving without insurance, you’ll get higher premiums from carriers. This makes driving again prohibitively expensive or even nearly impossible after being caught driving without insurance. That’s why getting auto insurance is essential before buying a car or driving in Vaughan.
Here’s a breakdown of the key elements of your auto insurance policy:
The mandatory car insurance requirement for Vaughan drivers are:
Third-Party Liability (TPL) Coverage
This insurance component provides financial compensation if you cause an accident that results in car damage or somebody getting hurt or killed. Per Financial Services Commission of Ontario (FSCO) regulations, you need at least $200,000 in TPL coverage.
Statutory Accident Benefits Coverage
This insurance component pays for your medical bills, rehabilitation, and possible funeral expenses if you get hurt or killed in a car accident, regardless of who’s at fault. Accident benefits coverage also offers income replacement worth 70% of your gross income, capped at $400 per week.
Uninsured Automobile Insurance
Uninsured automobile insurance covers your medical bills and funeral expenses if you’re struck by uninsured vehicles or hit-and-run drivers. Additionally, it compensates for vehicular damage caused by uninsured drivers.
Direct Compensation – Property Damage (DC-PD) Insurance
DC-PD insurance compensates you for the damage other drivers cause in an accident. However, DC-PD only kicks in if the other person is at fault, they’re also insured, and the accident takes place in Vaughan.
Since minimum car insurance only goes so far, we’ve got some extra Vaughan car insurance recommendations for you:
Extra TPL Coverage
The mandatory $200,000 insurance minimum can be too small, so many drivers choose to get coverage up to $2 million if they cause property damage or hurt somebody in an accident.
Additional Statutory Accident Benefits
Many people get additional coverage for medical bills and funeral expenses in their statutory accident coverage. You can also get extra income replacement protection if 70% income capped at $400 a week seems too limited.
More Comprehensive Property Damage Protection
DC-PD coverage has very specific coverage terms like the other driver also needs to be insured, and the accident must occur in Vaughan. To cover their bases, many people purchase extra insurance that still protects them even when the other driver is uninsured, and the accident happens in other provinces.
In addition to mandatory insurance coverage outlined by the FSCO, you can take optional insurance coverage like:
Specified Perils Protection
Specified perils insurance coverage protects you from loss or damage due to a specific cause. The most common perils insured are:
Many insurers also offer comprehensive auto insurance in Vaughan if you want protection from all these perils.
Insurers usually raise your premiums if you’re at fault for causing an accident. If you’ve been a safe driver for several years, you can take extra accident forgiveness coverage so you won’t get higher premiums if you cause an accident. Note that accident forgiveness only works on your first accident, and subsequent violations will still raise your rates.
Limited Depreciation Waiver
If you take a limited waiver of depreciation, you can receive your car’s purchase price as compensation if it’s been stolen or deemed a total loss after an accident.
How Your Car Insurance Quotes Are Calculated in Vaughan
Your car insurance rates are calculated based on how risky you are to insure. Naturally, drivers more likely to get into accidents will have higher premiums than those less likely to be in an accident.
Here are seven factors that influence your Vaughan car insurance quotes:
Age, Gender, and Marital Status
Your personal demographics influence auto insurance premiums in Vaughan because different people have varying accident risks.
Younger people tend to get higher premiums because insurance companies see them as more accident-prone than older people. Generally, your car insurance rates start decreasing when you hit 25 years old as long as you keep a safe driving record. However, insurance premiums increase again for people aged 65 and older because they’re more likely to be injured or killed in traffic accidents.
Women often get lower insurance rates because they’re seen as more careful drivers and don’t take as many risks as men.
Marital status also determines your rates because most insurance companies see married people as more financially stable and less-risky drivers. Married couples also tend to bundle home and auto insurance, saving more on premiums.
People who live in urban areas often see higher insurance premiums because they’re more prone to car accidents and theft.
Car Make and Model
Expensive cars are more costly to repair or replace, so insurance premiums are usually higher than more common vehicles. You can install security features like anti-theft devices if you have an expensive car and want to save on insurance premiums.
People who drive safely are rewarded with lower premiums because they’re usually less likely to get into a traffic accident. Conversely, people who have gotten into multiple accidents get higher premiums because they’re more likely to be involved in another accident down the line.
Logic dictates that people who drive frequently are more likely to get in an accident. Therefore, kilometres driven is one of the determining factors that set your Vaughan auto insurance rates.
Insurance Coverage Chosen
Your coverage options influence your insurance rates because taking more coverage gives you more protection. Naturally, the more coverage you choose, the higher your rates.
Getting discounts can lower your auto insurance rates and make them more affordable. You can typically get discounts by bundling home and auto insurance or asking for a group discount for your workplace or organization.
Most Expensive Postal Codes in Vaughan
The average car insurance rate in Vaughan, ON is $2,606/year, a rate that is significantly higher compared to Ontario’s provincial average of $1,385/year by roughly $1,200.
Since Vaughan only has two postal codes, the L6A area has the highest car insurance premium rate in Vaughan, ON by default. You can find out more details below:
|Average annual car insurance premium
Least Expensive Postal Codes in Vaughan
The suburban area Concord has the lowest auto insurance rates in Vaughan. Here’s a detailed look:
|Average annual car insurance premium
Car Insurance Cost in Vaughan by Age
Generally, your age will affect the cost of your car insurance in any Canadian city, including Vaughan.
Younger drivers below the age of 25 tend to be charged higher car insurance premiums. They’re considered a higher risk for car insurers because their lack of experience on the road makes them more likely to get into accidents or rack up demerit points.
Your auto insurance premiums will go down after the age of 25 but go up again when you turn 65. This is because senior citizens are considered more likely to die or be injured in a car accident, making them riskier for car insurers to cover.
Here’s a simple table that shows how your age affects the cost of car insurance:
|Average annual insurance cost
|Average savings with MyChoice
Car Insurance Cost in Vaughan by Driving History
Your driving history also affects the cost of car insurance in Vaughan.
Generally, drivers who have many tickets, violations, or demerit points on their records are considered “high-risk” drivers by car insurers. Because a high-risk driver is seen as more likely to get into accidents or commit violations, their premiums tend to be higher. But if you have a clean driving record, you can get the lowest car insurance rates.
Demerit points and violations stay on your Ontario driving record for only two years, but car insurers might search back as far as 10 years into your driving history. This means even old tickets or offences can increase the cost of your car insurance.
Here’s a quick look at how your driving history affects the cost of your car insurance in Vaughan:
|Average annual car insurance rate
|Clean driving record
|Insurance cancellation due to non-payment
|Licence suspension for alcohol-related offences
Other Factors That Affect Car Insurance Prices in Vaughan
We’ve covered several factors that influence car insurance rates in Vaughan. Aside from those, several extra factors play a part in determining your Vaughan auto insurance premiums:
Vehicle Model Accident Rates
Some cars are just more accident-prone than others. Even if you have a spotless driving record, owning a car model infamous for having high accident rates will increase your insurance premiums.
Naturally, older cars are more expensive to insure because they may not have all the safety features of newer vehicles. If you insist on driving a vintage car everywhere, make sure you can pay the insurance premiums.
Vehicle Repair Costs
The harder it is to repair a car, the more expensive it is to insure. You can expect high insurance premiums on luxury cars and foreign cars that don’t have a large dealership or service centre presence in Canada.
Vehicle Primary Usage and Annual Mileage
You may spend more or less time on the road depending on what you use the car for. Car usage influences insurance rates – generally, the more you use it, the higher your premiums. For instance, insurance premiums on a car you use as an Uber will be higher than on a car you almost exclusively take on weekend cruises.
A good way to measure how much somebody uses a car is by its annual mileage. If your car has low annual mileage, insurers may determine that this car is low-risk and thus grant you more affordable insurance rates.
Local Crime Rates
Living in high-crime areas means your car is at higher risk of being stolen or vandalized. If you live in an area where theft or vandalism often occurs, you may get higher car insurance rates.
Past Insurance Claims
Any auto insurance claims will drive your premiums up, regardless of who’s at fault. If you make many insurance claims, the insurer will see you as a high-risk policyholder and give you higher rates.
Many insurance companies reward long-term customers with discounted rates. If you’ve been a policyholder at the same insurance company for several years, ask for a rate reduction or discount when you renew your policy.
Driving in Vaughan
Vaughan is a thriving city in the regional municipality of York, located near Brampton and Toronto. It has a complex transportation system consisting of public transit, regional roads, and highways. Unfortunately, the car-jammed York regional roads significantly affect what it’s like to drive and commute in Vaughan.
Here are some key facts about driving and commuting in this city:
- Major highways in Vaughan: 400, 427, 7 (York Regional Road)
- Public transit options: York Region Transit (bus), Viva Rapid Transit (bus), Toronto Transit Commission (TTC) Line 1 Yonge–University (subway), GO Transit (rail)
- Ridesharing services: Uber, Lyft, Rutherford and Maple GO Mobility On-Request
- Parking space providers: The City of Vaughan, private lots
- Top tourist attractions: Canada’s Wonderland, Kortright Centre for Conservation, Boyd Conservation Area, McMichael Canadian Art Collection, Reptilia Zoo, Vaughan Mills
- Busy intersections: Highway 7 and Weston Road, Weston Road and Rutherford Road, Highway 7 and Keele Street, Major Mackenzie Drive and Highway 400 offramp
- Airports: N/A
Main Mode of Commuting in Vaughan
Most Vaughan commuters prefer going to work by car, truck, or van. Despite having a robust public transit infrastructure, only 6.5% of them travel with it. Here’s a closer look at how commuters travel in Vaughan:
|Main mode of commuting
|Total – 25% sample data
|Car, truck or van
|Car, truck or van – as a driver
|Car, truck or van – as a passenger
Commuting Duration in Vaughan
Vaughan is the fifth-largest city in the Greater Toronto Area, so traffic during peak hours is to be expected. Over 35% of commuters in Vaughan take 15 to 29 minutes getting to work. A quarter of them even spend 30 to 44 minutes commuting. Let’s dive deeper and examine this breakdown of the commuting duration in Vaughan:
|Total – 25% sample data
|Less than 15 minutes
|15 to 29 minutes
|30 to 44 minutes
|45 to 59 minutes
|60 minutes and over
Driving Conditions in Vaughan
Driving conditions like snow, rainfall, and commute time affect your safety on the road, which is why the city you live in can affect your car insurance premium.
Here’s a short summary of what driving conditions are like in Vaughan, ON.
- Average daily commute time: 64 minutes round trip
- Average annual rainfall: 697 mm
- Average annual snowfall: 102.8 cm
- Rainy days per year: 108.3 days
- Rainiest month in Vaughan: September
- Driest month in Vaughan: January
- Snow days per year: 34.3
- Snowfall months in Vaughan: January – April, October – December
Traffic in Vaughan
Vaughan is the fifth-largest city in the Greater Toronto Area and Canada’s 17th-largest city. Its current size can be attributed to a population boom from 1995-2006, as well as its status as the third-largest employment centre in the Greater Toronto Area.
Manufacturing continues to dominate Vaughan’s economy. Vaughan is also home to over 180 Canadian or regional headquarters for major brands like Adidas and GFL Environmental. The sheer number of employers and opportunities here all affect the traffic conditions in the city.
Here’s a quick overview of the key traffic statistics in Vaughan:
- Population: 323,103 people live within Vaughan’s city limits.
- City area: Vaughan’s city limits span 272.44 km2.
- Average commute distance: The average Vaughan resident travels 13.3 km every day to their school or workplace.
- Time spent in traffic annually: The average Vaughan resident spends 64 minutes in traffic daily, totalling roughly 389 hours per year.
- Busiest highway: Vaughan’s busiest highway is Highway 7 because of the many high-traffic intersections merging into it.
The Most Common Questions About Car Insurance in Vaughan
Is ridesharing insurance available in Vaughan?
Yes, ridesharing insurance is available in Vaughan. If you’re considering getting this policy, ask your insurer if they have ridesharing insurance and what rates they offer.
How much does Vaughan car insurance cost?
The average cost of Vaughan car insurance is $2,606/year or approximately $217/month.
Is car insurance cheaper in Vaughan than in Toronto?
No, car insurance is cheaper in Toronto than in Vaughan. The average car insurance rate in Vaughan is $2,606/year, while car insurance in Toronto costs $1,796/year. Vaughan car insurance is more expensive than Toronto car insurance by roughly $900/year.
Which cars get the lowest car insurance premiums in Vaughan?
Fiats generally get the lowest car insurance premiums in Vaughan, with the average cost of auto insurance priced at $126/month.
Why should you compare car insurance rates in Vaughan?
Comparing car insurance rates in Vaughan will help you find your ideal coverage level and benefits at a reasonable price point. It can be overwhelming to compare auto insurance rates between so many companies, but not doing so means potentially missing out on big savings.
Having trouble going through the different policies offered by Vaughan auto insurers? You can get an immediate preliminary quote from MyChoice – just enter your postal code to get started!
What information do you need for an auto insurance quote in Vaughan?
Generally, you’ll need to present the following information for an auto insurance quote in Vaughan:
• Driver’s licence number
• Any existing insurance policy you have
• Information about the vehicle you plan to have insured, such as its make and odometer reading
• Your driving history
• Your zip code
Which auto insurance is the best for old drivers in Vaughan?
The best auto insurance for old drivers in Vaughan is the most affordable option for their desired coverage level despite their age. Most car insurers in Canada charge higher premiums for old drivers, as their advanced age is correlated with increased chances of dying or being injured in a car accident.
How much is car insurance for new immigrants in Vaughan?
The price of car insurance for new immigrants in Vaughan depends on any previous insurance history you have as well as your licence level.
Generally, a lack of driving history and insurance history increases the car insurance rates of many new immigrants. However, you can lower your rates by getting a full driver’s licence ASAP and taking a driver training course.
In many cases, an auto insurance policy from your home country will be recognized in Vaughan as proof of your experience and driving risk. Contact your previous insurer to get a record of insurance and ask about any other paperwork you need to have your experience honoured.