How Much is Car Insurance: Average Cost per Province | Surex (2024)

You likely know that car insurance is required throughout Canada.

The Canadian government requires drivers to obtain car insurance because it guarantees that everyone can pay for expenses (personal or third-party) if they are involved in an accident. But did you know that the average car insurance cost varies from province to province?

It’s true.

In this article, we’ll be answering several commonly asked questions, such as, “how much is car insurance coverage in Canada?” and “what is the typical cost of car coverage in my province?”.

START A QUOTE

How much does car insurance cost in Canada?

On average, Canadian drivers pay between $1,300 and $1,800 for car insurance coverage each year. It’s difficult to pinpoint an exact number because there are several different types of car insurance options and several factors influence the overall price.

Some of these factors include the following:

  • Location
  • Make and model of vehicle
  • Driving history
  • Age
  • Gender

Do you want to save on car insurance coverage in Canada?

Is your wallet starting to feel a little light? Has your bank account been looking a tad bit empty lately? Then you’re likely overspending on car insurance.

Thankfully, you don’t have to spend a small fortune in order to protect your vehicle — you can rely on the Surex team.

Our team of Surex insurance advisors works closely with the best car insurance companies in Canada in order to find you the best quotes in the industry.

What’s our secret? It’s less of a secret and more of a technique; our advisors leverage their working relationship with the top providers, allowing them to quote some of the cheapest rates in the country.

So, if you’re tired of overspending, don’t hesitate to reach out to one of our experienced advisors today!

Getting average car insurance Canada — what are the provincial cost differences drivers should be aware of?

As mentioned above, the average car insurance price varies from province to province. This is because each province has its own unique risk factors and variables. Additionally, some provinces have government-operated car insurance programs, which can lead to an increased price (due to a lack of competition).

The average prices (by province) are:

British Columbia — The average cost of car insurance in British Columbia is approximately $1,832 per year. Car insurance in British Columbia is provided by a government-operated group, which gives drivers fewer options to choose from.

Ontario — The average cost of car insurance in Ontario is approximately $1,528 per year. In Ontario, car insurance is provided by privately-owned companies. There is no government-provided car insurance coverage in Ontario.

Alberta — The average cost of car insurance in Alberta is roughly $1,316 per year. Car insurance in Alberta is provided by privately-owned companies, which gives drivers a number of options to choose from.

Saskatchewan — The average cost of car insurance in Saskatchewan is about $1,233 per year. Car insurance in Saskatchewan is provided by a government group, meaning that there’s very little wiggle room when it comes to pricing and options.

Newfoundland and Labrador — The average cost of car insurance in Newfoundland and Labrador is approximately $1,168 per year. Drivers in Newfoundland and Labrador purchase coverage from private car insurance companies.

Manitoba — The average cost of car insurance in Manitoba is roughly $1,140 per year. In Manitoba, car insurance is provided by a government-operated organization, meaning that there are only a handful of coverage and pricing options.

Nova Scotia — The average price of car insurance in Nova Scotia is about $891 per year. Drivers in Nova Scotia can compare car insurance quotes from several reputable private car insurance providers.

New Brunswick — The average price of car insurance in New Brunswick is approximately $876 per year. Car insurance is provided by private car insurance carriers in New Brunswick, giving drivers a plethora of options.

Prince Edward Island — The average price of car insurance in Prince Edward Island is roughly $861 per year, putting it neck-and-neck with the other Maritime provinces. In Prince Edward Island, car insurance is offered by private companies.

Quebec — The average price of car insurance in Quebec is approximately $717 per year, making it the cheapest province on the list. In Quebec, car insurance is provided by a government-operated organization, but drivers can also mix this coverage with privately offered insurance.

As you can see, there is a vast difference between the provinces at the opposite ends of the list. The average price of car coverage in Quebec is less than half of the average cost in British Columbia.

Bonus — Click the following link to learn which cities have the cheapest car insurance (on average) in Ontario.

Tips for saving on car insurance in Canada

Although you may not be able to take advantage of all the savings opportunities if you live in a province with government-provided car insurance, all drivers are encouraged to try the following tips and tricks if they want to reduce their rates:

Go to driving school

Going to driving school is a fantastic option for young drivers that want to be proactive about saving on car insurance.

Maintain a clean driving record

Having a clean driving record incentivizes your car insurance provider to reduce your rates over time. Some providers even offer “accident-free” discounts to drivers who can go a year or more without getting into an accident.

Drop the bells and whistles from your policy

If you have a modestly-valued car, you may not want to invest in extensive auto insurance coverage. Drivers who want to save can go without some specialized add-ons or additional types of coverage. Although you won’t be as protected, you will save a significant amount of cash.

Increase your deductible

Increasing your deductible is a simple way to save on monthly or yearly car insurance payments. However, if you increase your deductible, be prepared to fork over more money if an accident occurs down the line.

Buy a used vehicle

New vehicles generally cost more to insure because they have a higher replacement value. As the name implies, the replacement value is the amount of money needed to repair or replace the car. If you buy a used vehicle, the replacement value will be much lower. Because of this, used cars are ideal for young drivers who haven’t gained much on-road experience.

How Much is Car Insurance: Average Cost per Province | Surex (2024)

FAQs

Which province has the highest car insurance rates? ›

A ranking of the provinces based on their median annual auto insurance premiums, from highest to lowest, is as follows:
  • Alberta - $3,151.
  • Nova Scotia - $2,491.
  • Ontario - $2,299.
  • New Brunswick - $2,187.
  • Newfoundland - $2,162.
  • BC - $1,775.
  • PEI - $1,703.
  • Manitoba - $1,373.
Jan 12, 2023

How much is car insurance on average in Canada? ›

How much does car insurance cost in Canada? On average, Canadian drivers pay between $1,300 and $1,800 for car insurance coverage each year. It's difficult to pinpoint an exact number because there are several different types of car insurance options and several factors influence the overall price.

How much does it cost to insure a car in BC? ›

The average monthly cost of car insurance in B.C.

The base premium for basic insurance is $1,063. The base premium either rises or falls depending on your driving and insurance history. According to the Insurance Bureau of Canada, drivers pay an average of $1,832 a year for car insurance.

How much is car insurance in Montreal per month? ›

Per month, car insurance in Montreal may cost around 65$. Car insurance in Montreal may range between 700$-900$ a year. The average yearly cost of auto insurance in Montreal is 800$.

Which province has the lowest insurance? ›

Quebec – $717 Average Annual Premium

Quebec has the least expensive insurance premiums of all the Canadian provinces. Rates are not increasing at the same pace as in other provinces. Because Quebec's insurance regulations are not as strict as other provinces, rates remain low.

Is car insurance expensive in Canada? ›

Recent industry data shows that Canadian drivers pay an average of $1,300 to $1,800 in car insurance premiums annually. The amount you pay, however, can be significantly higher or lower, depending on where you live.

Is car insurance cheaper in Canada or USA? ›

If you're permanently moving to Canada from the U.S., you won't be able to keep using your U.S. car insurance. Instead, you'll need to buy coverage from a Canadian insurer. Canada requires all motorists to carry car insurance. Generally, that coverage costs more than U.S. car insurance.

What province in Canada has the cheapest car insurance? ›

Quebec has the cheapest auto insurance. Residents only pay about $857 per year on average. The most expensive province is British Columbia. Residents here pay an average of $1,832 annually – Almost $1,000 more than in Quebec.

Why is car insurance in Canada expensive? ›

Another factor is if you use your car for business. This means you will pay more because you drive more in busier areas. Insurance companies are determining the likelihood that your car will be involved in a collision, the possibility of theft, and how expensive it will be to repair or replace.

How much is average car insurance in Vancouver? ›

Frequently asked questions about car insurance in Vancouver

The average cost of car insurance in BC is $1,832 or about $150 per month. Rates declined in May 2021 with the introduction of no-fault insurance. Check with ICBC to make sure you get a new reduced rate.

How much is car insurance in Alberta? ›

The average cost of auto insurance in Alberta is approximately $1,578 per year. This works out to about $132 per month.

How much does car insurance cost per month in Canada? ›

The average cost of car insurance in Ontario by age
AgeMonthly rangeMonthly average
30$250 - $285$273
40$231 - $247$237
50$219 - $228$222
60$200 - $210$205
10 more rows
Dec 21, 2023

How much is the car insurance in Quebec? ›

How much is car insurance in Quebec? According to the latest stats from the Insurance Bureau of Canada, the average car insurance premium in Quebec is $717 per year, or $59.75 per month. Drivers in Montreal and other dense urban areas face the highest premiums in the province, while rural Quebec has the cheapest rates.

How much is car insurance in Toronto? ›

The average cost of car insurance in Toronto for 2023 is $2,325 per year or about $193 per month, according to RATESDOTCA Insuramap. That's a 19% jump from the 2021 premium of $1,953. Toronto's average car insurance rate is 33.3% higher than the provincial average of $1,744 per year or $145 per month.

How much is insurance in Quebec? ›

A 2020 report from the Insurance Bureau of Canada found that Quebec drivers pay an average of only $717 a year for auto insurance.

Where are the highest insurance rates in Canada? ›

For many years, Alberta has been among the priciest provinces in Canada when it comes to car insurance rates. This has continued to worsen over the last five years and a new report suggests that legal costs are largely to blame.

What state has the highest car insurance rates in the country? ›

Behind Louisiana at No. 1, Florida, California, Colorado and South Dakota followed as the most expensive states in the country for auto insurance.

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