2023’s best insurance companies for male drivers in Ontario

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Last updated: November 15, 2023, 6:11PM EST

Searching for the best auto insurance companies for male drivers in Ontario? If you’re looking solely at price, CAA Insurance has the lowest average rates for men in Ontario. But unfortunately, things aren’t that straightforward. When it comes to finding the best car insurance, the answer will be different depending on your age, where you live, what kind of vehicle you drive, your driving history and a lot more. To demonstrate this, we ran quotes for eight male driver profiles and found there are at least four other insurers that might offer you a better deal than CAA. Working with a licensed insurance broker is a great way to ensure you’re always getting the coverage that’s right for you at the best possible price.

When looking for the best insurance company, the answer will be different depending on who you are, where you live, what you drive, etc. That’s because some companies love older drivers, and some don’t. Some want to insure people with clean records, and some would rather sell insurance only to high-risk drivers. Some insurers like to have customers in big cities like Toronto, and others consider that too risky.

So which insurance companies are best for male drivers in Ontario? To figure this out, we created eight male driver profiles and ran quotes for each of them using our online auto insurance quoter. CAA Insurance offered the best rates for four of the eight people, and had the lowest awesome premium by $575 a year. But that being said, three other insurers had the best price for at least one of our drivers.

Important note: When shopping for auto insurance, there are a number of things that need to be considered including coverage options, service quality, claims satisfaction, and of course, cost. The insurer rankings below are based solely on price as it’s the only factor that varies by gender. Please see our 2023 best Ontario car insurance companies article for more detailed information.

Key findings

  • On average, CAA Insurance has the lowest auto insurance rates for male drivers in Ontario, and produced the best price for four of our eight driver profiles.
  • Jevco offers the lowest average rates for high-risk male drivers.
  • Four different companies (CAA, SGI, Zenith, Jevco) have the best rate for at least one of the eight male driver profiles.
  • Although Zenith had the second-highest average premium, they also had the best rate for one of the profiles.

The rankings

To provide an accurate ranking of the best auto insurance companies for male drivers, it’s important to distinguish between regular market and high-risk insurers. This is because companies that specialize in coverage for high-risk drivers have higher premiums.

Here are the rankings for both regular market and high-risk insurers.

Best regular market

  1. CAA
  2. Aviva
  3. SGI Canada
  4. Wawanesa
  5. Intact
  6. Economical
  7. Pembridge
  8. Gore Mutual
  9. Commonwell
  10. Zenith
  11. Travelers

Best high-risk market

  1. Jevco
  2. Coachman
  3. Pafco
  4. Echelon

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How we rank the best insurers

In order to determine who the best insurers for men are, we ran quotes for eight fictional drivers with different ages, relationship statues, postal codes, driving records and vehicles. While the drivers may not be real, the rates below are and reflect what a male with similar characteristics might pay for their auto coverage.

So we ran quotes for eight fictional male driver profiles. Each had a unique location (postal code), age, driving record, type of car, and relationship status.

All quotes were based on the same coverages, policy limits, deductibles and discounts.

Meet our drivers:

  • Randall, 41, Married, Ottawa (K1L), at-fault claim in 2021
    Drives a 2008 TOYOTA 4RUNNER SR5 V6 4DR 2WD
  • Tuwile, 26, Single, St. Thomas (N5R), speeding ticket in 2022
    Drives a 2014 HYUNDAI SANTA FE SPORT 4DR AWD
  • Silvio, 22, Single, Orillia (L3V), clean record
    Drives a 2021 DODGE CHARGER GT 4DR
  • Martin, 49, Common-law, Toronto (M9A), speeding tickets in 2020 and 2023
    Drives a 2018 MERCEDES-BENZ GLA45 4DR AWD
  • Teddy, 68, Widowed, Sudbury (P3C), two speeding tickets in 2021
    Drives a 2021 TOYOTA RAV4 LTD 4DR AWD
  • Ruxton, 38, Married, Pickering (L1V), clean record
    Drives a 2013 HONDA CIVIC EX 4DR
  • Sanjeev, 58, Divorced, Milton (L9T), at-fault accident and impaired driving conviction in 2022
    Drives a 2020 FORD MUSTANG GT CONVERTIBLE
  • Manfred, 30, Common-law, North Bay (P1A), three speeding tickets and a conviction for failing to stop at a stop sign, all since 2021
    Drives a 2017 BMW M2 2DR COUPE

Here are the auto insurance quotes for male drivers:

 
Table 1. Ontario insurance rates for male drivers1
  Randall Tuwile Silvio Martin Teddy Ruxton Reg. Avg. Sanjeev Manfred High-risk Avg.
CAA $2,746 $1,881 $3,894 $1,570 $1,088 $1,297 $2,079      
Aviva $3,103 $2,126 $3,528 $3,039 $2,006 $2,119 $2,654      
SGI Canada $2,894 $2,459 $2,986 $3,719 $1,931 $2,201 $2,698      
Wawanesa $3,868 $2,027 $3,023 $3,904 $2,257 $2,238 $2,886      
Intact $3,178 $2,740 $3,212 $4,014 $2,262 $2,157 $2,927      
Economical $3,482 $2,938 $3,202 $3,790 $2,359 $2,272 $3,007      
Pembridge $2,695 $3,462 $3,487 $3,522 $2,641 $2,307 $3,019      
Commonwell $3,568 $2,169 $5,109 $3,550 $2,006 $1,851 $3,042      
Zenith $1,847 $4,212 $4,634 $5,356 $2,998 $2,235 $3,547      
Travelers $3,024 $4,956 $4,728 $6,312 $3,636 $4,368 $4,504      
Jevco               $3,655 $4,074 $3,865
Coachman               $6,459 $5,246 $5,853
Pafco               $8,387 $4,671 $6,529
Echelon               $9,091 $6,160 $7,626
1Annual insurance rates – Mitch auto insurance quoter

Will these ranking change?

Yes, they will. The auto insurance marketplace is always changing, and because of that no single insurance company will offer the lowest rates forever. Right now, CAA Insurance has the best prices for many men. But how long they stay on top will depend on how well they’re doing financially with this group. An uptick in claims amongst male drivers could cause CAA Insurance to charge more in order to make sure they have enough money to cover those claims and still make a profit.

If CAA Insurance continues offering low rates and remains profitable, other companies may see it as an opportunity to do the same to try and gain customers. Because of these factors, it’s unlikely that one insurer will dominate a specific segment for an extended period.

What’s changed?

When we previously did this comparison back in 2021, CAA Insurance also came out on top. However, Aviva has stepped up its game since then, moving from fifth to second place in average premiums. Despite this improvement, their quotes for the six non-high-risk driver profiles were 13-94% higher than the lowest premium quoted. Jevco continues to hold the top spot amongst high-risk insurers.

Where will you find the best insurer for you?

The truth is, there isn’t one insurance company that’s the best for all men. For many men out there, CAA Insurance likely has your best rate right now. But tomorrow if could be Aviva, Wawanesa or someone else. And as the quotes above demonstrate, the best insurer for most men may not have the lowest price for you.

What we can assure you, though, is that Mitch Insurance is the ideal choice for your auto coverage needs. Regardless of whether you’re male, female or non-binary, we work with most of the top insurance companies in the country and can find coverage that’s right for you and your unique needs at the best prices available. Call us for a quote today.

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Speak with a Mitch Insurance broker today to get a quote on Ontario auto insurance.

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