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May 29, 2023 | Updated November 10, 2023

2023’s best insurance companies for female drivers in Ontario

4 min read


See the latest version of this post: 2024’s best insurance companies for female drivers in Ontario

Wondering what the best insurance companies in Ontario are for female drivers? If you’re prioritizing price, CAA Insurance comes out on top with the lowest average premiums. But that doesn’t necessarily mean this is the best option for every woman across the province. Auto insurance rates are unique to individual drivers and things like your age, where you live, and your driving history all play a factor in determining your cost. Because of this, there are five different insurance companies that could offer you the most competitive rates.

To determine which auto insurance companies are the best for women, we did a side-by-side rate comparison of some of the most popular insurers we work with. Although the rankings in this article are based solely on price – since it’s the only factor that varies by gender – there are many things that should be considered when shopping for car insurance. Check out our 2024 best Ontario auto insurers post for more information.

Key findings

  • CAA Insurance offers the lowest average auto insurance rates for female drivers in Ontario, 18% better than the closest competitor, Aviva.
  • Five different insurers (Aviva, CAA, SGI, Pafco and Coachman) represent the best rate for at least one of the eight female driver profiles we created for this article.
  • Although CAA had the best average rates for women, their price for one driver profile was 63% higher than the lowest quote from Aviva.
  • Pafco offers the lowest average rates for high-risk female drivers, but Coachman quoted a better price for one of the high-risk driver profiles we created.

The rankings

Best regular market

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

Best high-risk market

  1. Pafco
  2. Jevco
  3. Echelon
  4. Coachman1

1Coachman did not offer a quote for one of the high-risk driver profiles, but did have the best rate for the other.

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How we rank the best insurers

To give you an idea of what kind of rates women throughout Ontario can expect from different insurers, we created eight female driver profiles that vary in age, relationship status, location, driving record and the type of vehicle they own. We obtained quotes for each of these drivers using our online auto insurance quoter. While the people may be fictional, the prices listed below are an accurate reflection of what someone with the same attributes could expect to pay if they called us for an insurance quote today.

We used the exact same coverages, policy limits, deductibles and discounts to calculate all of the quotes below.

Meet our drivers:

  • Ann, 22, Single, London (N6J), speeding ticket in 2022
    Drives a 2023 MAZDA3 SPORT GT i-ACTIV 5DR AWD
  • Imani, 38, Married, Kingston (K7M), clean record
    Drives a 2019 HONDA ACCORD EX-L 4DR
  • Marta, 46, Common-law, Toronto (M5M), speeding tickets in 2015 and 2020
    Drives a 2015 DODGE GRAND CARAVAN SE
  • Rosana, 68, Widowed, Sault Ste. Marie (P6B), speeding tickets in 2020 and 2021
    Drives a 2021 TOYOTA RAV4 LTD 4DR AWD
  • Eileen, 19, Single, North Bay (P1A), clean record
    Drives a 2010 DODGE RAM 1500 SLT REG CAB 4WD
  • Shab, 40, Married, Carleton Place (K7C), at-fault claim in 2017
    Drives a 2017 TOYOTA CAMRY SE HYBRID 4DR
  • Althea, 55, Divorced, Mississauga (L5R), at-fault claim and speeding ticket in 2021, conviction for unsafe turn in 2023
    Drives a 2016 FORD F150 XLT SUPERCREW 4WD
  • Yulia, 29, Single, Bobcaygeon (K0M), two speeding tickets in 2022, at-fault claim and speeding ticket in 2023
    Drives a 2015 KIA RIO5 EX 5DR

The quotes

Table 1. Ontario insurance Rates for female drivers1
  Ann Imani Marta Rosana Eileen Shab Reg. Avg. Althea Yulia High-risk Avg.
CAA $3,050 $1,161 $1,491 $1,006 $3,271 $1,880 $1,977      
Aviva $3,360 $1,745 $2,489 $2,174 $2,005 $2,215 $2,331      
SGI Canada $3,250 $1,732 $2,712 $1,908 $2,896 $1,610 $2,351      
Intact $3,623 $1,967 $2,986 $2,117 $2,713 $2,130 $2,589      
Commonwell $3,287 $1,615 $2,932 $2,006 $3,816 $1,932 $2,598      
Wawanesa $3,742 $1,661 $3,039 $2,342 $3,445 $2,072 $2,717      
Pembridge $4,372 $1,959 $2,952 $2,678 $3,387 $2,695 $3,007      
Economical $4,097 $2,135 $2,734 $2,814 $4,519 2,670 $3,162      
Zenith $4,539 $2,510 $2,620 $3,269 $4,896 $2,012 $3,308      
Travelers $6,624 $2,364 $4,848 $3,252 $3,432 $3,252 $3,962      
Pafco               $6,609 $5,124 $5,867
Jevco               $7,704 $5,728 $6,716
Echelon               $8,731 $5,047 $6,889
Coachman               NA2 $4,982 NA
1Annual insurance rates – Mitch auto insurance quoter; 2Even high-risk insurers have limits to the types of drivers they will insure. Coachman did not offer a quote for this driver profile..

What has changed?

When we previously did this comparison in 2021, CAA Insurance had the best average rates for regular market female drivers, and the lowest prices for high-risk drivers came from Jevco. Since then, Pafco has climbed to the top of the high-risk list. Pembridge experienced a decline, falling from third to seventh on the regular market list, and just like in 2021, they didn’t offer the best rate for any of the driver profiles. This time around, Coachman and Pafco joined the list of insurers that offered the lowest price for at least one driver profile.

These rankings will change over time

It’s important to remember that no one insurance company remains the most affordable option forever. Every insurer keeps a close watch on its claims costs, and compares them to the revenue being generated from premiums. The goal is to make sure that the premiums collected are enough to cover all the claims, and that there’s a little left over for profit.

Because CAA Insurance currently has the lowest average rates for women, they will win a lot of new female customers. In the coming months and years, the insurer will find out if the premiums they charged were enough to cover their claims. If they weren’t, you’ll see their prices gradually increase until they reach what’s the insurance industry calls “rate adequacy”.

Even if CAA Insurance manages to keep their claims costs low and doesn’t raise their premiums, it’s likely a competitor will try to follow suit and lower their rates in an attempt to attract more customers while still making a profit. So from year to year, there’s a good chance that the best insurer for you will change over and over again.

How to get the best insurer every time

If you want to make sure you’re getting the best auto insurance rates all the time, speak with an independent insurance broker like Mitch Insurance. We work with over 70 of Canada’s top insurance companies, and are always happy to shop the market to find customers the best possible price for their coverage. Give us a call today for a free, no-obligation quote.

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