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Canadians love their pickup trucks. In 2022, pickups made up almost a quarter of Canadian motor vehicle sales, and the Ford F-Series has been the top selling vehicle in the country every year since 2009. But for budget-minded Canadians, pickup trucks can be pricey to buy. Thankfully they are very affordable to insure.

Based on Driving.ca’s breakdown of the cheapest pickup trucks for 2023, here’s our ranking of the most affordable pickups in terms of auto insurance premiums:

To determine which trucks on the list had the best premiums, we ran quotes for each of them using our online auto insurance quoter. To eliminate rating factors unrelated to the vehicles themselves, we got quotes for five different drivers. They vary in age, gender, relationship status and postal code. Some have cleaner driving records while others have some tickets and/or at-fault accidents.

In order to see how insurance rates for pickup trucks compare with other popular vehicles, we also ran quotes with the same drivers for the Toyota RAV4 and Honda Civic.

Here are the drivers we used to determine our rankings:

All of the quotes are based on the following assumptions:

Not as much as you might think. The most expensive trucks on the list are the heavy-duty trucks, most of which had the lowest premiums of all. The biggest influence on premiums is how likely passengers are to be injured, not the value of the vehicle. All of the trucks on the list come in a number of different configurations or “trims”. For example, the F-150 XL starts around $46,000, and the F-150 King Ranch starts around $90,000. The Ford F-150 King Ranch is 92% more expensive than the F-150 XL, but premiums for the King Ranch are only 26% higher.

Using payment calculators on the automakers’ websites, we estimated monthly payments on all of the midsize trucks and the GMC Sierra 2500. All of the monthly payments below are based on an 84-month term and a $5,000 trade in.

The difference in the monthly payment from the Colorado to the Sierra 2500 is $423 a month, and you would only save $48 a month on your premiums, so clearly insurance costs won’t be a deciding factor in moving up to a bigger truck. But if you’re trying to choose between a Toyota Tacoma and a GMC Canyon (both midsize trucks), the $20 monthly savings in insurance will offset the extra $34 a month you’ll pay to finance the Canyon. And if you’re the type of driver that likes to keep your truck long after it’s paid for, you’ll continue to save on premiums.

When you’re shopping for a new truck, it’s a good idea to consider the total cost of ownership. That includes monthly payments, fuel, maintenance, and of course insurance. Before you buy or lease that new truck, even if you’re sitting at the dealership, give us a call for a quick, no-obligation quote on whichever vehicles you’re considering. Our insurance brokers will make sure you have all the information you need to make the best decision.

Feature photo by Universal

With a car now being stolen every six minutes in Canada, a number of insurers are adding incentives for customers who install the Tag tracker on their vehicles. Some are paying for installation or offering discounts, while others are surcharging owners of high-theft vehicles who don’t install the Tag system or other anti-theft devices up to $500 a year.

Auto theft rates are rising across the country. Toronto saw a 300% increase in the number of cars stolen between 2015 and 2022. And in 2019, there were 17 metropolitan areas in Canada that had higher vehicle theft rates than Toronto.

To combat this growing issue, some insurance companies are offering incentives to the owners of cars and trucks that are most often stolen to help better protect the vehicles. The incentives in question centre around the Tag tracker, a Bluetooth vehicle tracking system that has proven to be effective in frustrating thieves’ efforts to circumvent traditional security systems, and returning stolen automobiles to their rightful owners.

Since the beginning of 2023, different insurers have added incentives related to the Tag tracker (and other anti-theft devices), as follows:

There are quite a few different anti-theft systems available to Ontario drivers. Many insurance companies already offer discounts for customers who choose to install after-market vehicle immobilizers, which make it virtually impossible for a thief to start the car without the key or key fob.

A good tracker is an excellent second layer of security, especially for high-value vehicles that are sought after by thieves. There are other tracking devices on the market, but most are fairly easy to disable using a tool that jams the tracking signal.

The Montreal-built Tag system is jam-proof, and a number of trackers are installed throughout the car, making it more difficult for thieves to find and remove. Lastly, the Tag logo is etched into the vehicle window, letting thieves know that the car is protected.

Insurers have expressed an openness to extending the incentives to other tracking systems, but at this point they say that the Tag system is the only one with a proven track record.

The premium discounts offered by Intact, Chubb and Zenith appear to be available for any vehicle. Aviva, Chubb, Gore Mutual, Intact and CAA each have their own list of vehicles that are subject to surcharges or installation incentives as the case may be. The lists are very similar, and tend to mirror the Top 10 Stolen Vehicles in Canada ranking that is compiled every fall by Équité Association. Here’s Équité Association’s most recent list:

Especially if you own a luxury vehicle, it’s important to take whatever steps you can to make sure your car doesn’t become a statistic. But ultimately, theft is just one of the many things that can happen. Speak with one of our brokers today to get quotes for an auto insurance policy that will protect you and your vehicle from whatever the future may bring. We’ll walk you through all your coverage options and make sure you get the best price available. Call today.

Auto theft continues to increase across the country with a recent report from the Canadian Finance and Leasing Association saying that a vehicle is stolen every six minutes in Canada.

In 2022, Canadian insurers paid out more than $1 billion in claims related to stolen cars, which is the highest amount the industry has ever paid for vehicle theft in a year. This directly impacts all Canadians and results in higher premiums for everyone.

All provinces are seeing year-over-year increases in car thefts. According to Équité Association, Quebec is leading the way with a 50% increase between 2021 and 2022 followed closely by Ontario which saw its numbers rise by 48.3%.

In Ontario, 61% of the vehicles stolen in 2022 were made in 2017 or newer. But anyone can be a victim of automobile theft, regardless of what they drive.

Discovering an empty spot where your car once stood can be an overwhelming experience. Your head has a tendency to start racing, and important things can be forgotten. Before assuming that your vehicle has been stolen, take a deep breath and make sure you haven’t parked in a tow-away zone, or that a family member hasn’t unexpectedly borrowed your car for the day.

If you still believe that your vehicle has been stolen, here are the steps to take.

1 – Contact the police immediately. You will need to file a police report before you can move forward with the next steps. Call your local police station to do this, not 911. To make the report go as smooth as possible, it is best to have the following information on hand:

Once the report has been filed, remember to request a copy for yourself as you’ll need to share it with your insurance company.

2 – Call your broker or your auto insurer’s 24-hour claims line. As soon as you get off the phone with the police, contact your insurance company. Not only will this start the claims process, but it will also help protect you should the thief damage property or injure others while driving your vehicle. In addition to the information you gave to the police, have your policy number handy as well.

Remember: Your car insurance policy must include specified perils, comprehensive, or all perils to be covered for theft. You can check your policy or talk with your broker if you’re unsure about what type of coverage you have.

3 – Alert your bank and change any important passwords. If any electronic devices or official documents were in the car, thieves can use these to commit identity theft, so it is very important to make sure that your accounts are secure as soon as possible.

4 – Let your vehicle’s financing or leasing company know. If you are financing or leasing your car, you must report the theft to the relevant company. If the vehicle is never recovered, your insurer will work out the amount of the reimbursement based on the terms outlined in your policy.

5 – Call your home insurance company. If you had any personal belongings or other valuables in the vehicle at the time of the theft, you will have to contact your home insurance provider as well (if it’s different than your auto insurer) as these items are not covered by your car insurance policy.

6 – Check if you’re covered for a rental. The cost of a rental vehicle could be covered by your insurance policy, though some limitations may apply. For example there is a 72-hour waiting period after the theft has been reported to the police or your insurance company. A car rental might also be available through your car’s extended warranty, so remember to ask your insurance provider or your lender about your options.

7 – Be patient. All told, insurance investigations can take up to 30 days. If your vehicle is found, it may be damaged or missing essential parts. If the car is no longer fit for the road, isn’t cost effective to repair or is never recovered, it may be considered a total loss and your insurer will offer you a settlement. But this process will likely take a bit of time.

In order to help reduce the chance of your car being stolen, Équité Association recommends using a layered approach.

Layer One has to do with everyday, simple precautions. This includes things like keeping the doors locked at all times and ensuring the windows are completely closed. It also means parking in well-lit areas and never leaving the keys in the ignition or starting your car remotely (even on cold days when it’s going to need time to warm up).

Layer Two involves installing anti-theft devices, such as alarms, steering column collars, brake pedal locks, window etchings and on-board diagnostic port locks.

Layer Three includes installing vehicle immobilisers, for example smart keys or starter, ignition and fuel disablers.

Layer Four involves investing in a tracking system. These can alert you or a monitoring service that your car has been stolen, and may be able to track the vehicle remotely as well.

Want to make sure you have the right coverage to protect you if your vehicle is ever stolen? Reach out to us, and our insurance specialists can review your policy and discuss options with you. If you’re a Mitch client and are a victim of car theft, call us so that we can assist with your claim and support you throughout the entire process.

The latest survey from Travelers Canada adds yet another layer to the complex issue of distracted driving. In addition to cellphones, GPS, food and drink, there are a number of emotional stressors that can take drivers’ attention from the road.

Distracted driving continues to be a major issue. In Ontario, it is leading to more and more unnecessary deaths on our roads. In March 2023, Travelers Canada conducted a survey of more than 1,000 Canadians aged 18-69 to gain insights into why drivers behave the way they do, and seek solutions to the problem.

This is the second year that Travelers has conducted their distracted driving survey in Canada. The results suggest that distracted driving on our roads continues to get worse, and that we all need to play a role in changing this.

The survey revealed the following:

“There’s no question that more people are driving distracted,“ said Paul Stone, Vice President of Personal Insurance, Sales, Distribution & Marketing at Travelers Canada. “We’re also more aware of the problem, but there’s a difference between acknowledging a problem and changing our behaviour.”

The survey results highlighted the following driver behaviours behind the wheel:

There have been numerous studies looking at driver distraction. The Travelers survey goes further than most by including emotional stressors. Respondents reported the following things cause them stress while driving:

About one-in-six respondents also reported that they often get intensely emotional or cry while driving.

“There’s been a spike in anxiety and depression since the pandemic,” said Stone. “And studies show that stress can also have a negative impact on driving. That’s why we thought it was important to add emotional stressors to the conversation about distracted driving.”

There are a number of steps we can all take to reduce driver distraction. Here are a few of them:  

The survey also revealed some ways that drivers can be externally motivated to change their behaviour.

The 2022 edition of the survey uncovered that many Canadians feel pressure to stay connected at all times for work-related communications, and Stone says that employers can help change that.

“Employers can help set the tone,” said Stone. “Companies should all have a clear policy against distracted driving on the job, and make it clear to their employees that whatever it is, that email or that call, can wait until you get where you’re going.”

People who want real-time feedback on their driving behaviour and a financial incentive to drive more safely may want to look into a telematics program. Programs vary by insurer, but most measure your speed, braking, the time of day you drive and other factors that influence safety, and give a discount of 10-25% for safe driving. Some now even monitor whether or not you move your phone while the car is in motion. (Note that most of the telematics apps now allow you to indicate when someone else is driving.)

Telematics aside, Stone said we can all be part of a much-needed cultural shift: “We all played a role in creating a stigma around impaired driving, and we can do the same thing with distracted driving. All of us need to start speaking up when we see others driving distracted, whether it’s an Uber driver, our work colleague or our spouse.”

Learn more about the 2023 Travelers Canada Distracted Driving Risk Survey.

To date, the 2023 wildfire season in Canada has been 13 times worse than the 10-year average for this time of year, and if conditions don’t change dramatically it will be easily the most destructive one in Canadian history. Many of us who live nowhere near an active fire can smell smoke in the air, and there are air quality advisories throughout the country.

Here are a few statistics (as of June 6) to put the magnitude of the fires into context:

Whether or not your home is close to an active fire, the smell of smoke and constant news about this record-breaking wildfire season may have you thinking twice about whether your home, car, cottage and other property is adequately protected. Here’s what you need to know.

In short, yes. The full answer is a little different for your home and your car.

Most home insurance policies cover fire, subject to a deductible (usually $500 to $1,500). If the building is damaged or destroyed by fire, insurance will pay for it to be repaired or rebuilt, to replace lost belongings, and for additional living expenses during the time that you are unable to live there.

If you have full coverage on your vehicle (including comprehensive), your auto insurance will cover fire damage to your car, subject to your deductible. If you have loss of use coverage, that will pay for a rental car while your vehicle is being repaired or while you shop for a new one. There is a dollar limit to the rental coverage, typically $1,500 or $2,500.

If you don’t currently have home insurance and want to buy a policy because a wildfire is threatening your region, you are unlikely to find an insurance provider that will sell you one. Most insurers have strict rules about this. If you’re within 50 km of an active fire, you won’t find any takers. Some companies may have restrictions of 100 km or more.

The good news is that you shouldn’t have any problem renewing your home insurance if your policy happens to expire while a fire is burning nearby. However, most insurance companies won’t let you make changes to your policy like increasing coverage or decreasing your deductible, while there is an imminent threat. Similarly, you won’t be able to modify coverage on your car or add comprehensive coverage if you don’t already have it.

If you are subject to an evacuation order, your home insurance should pay for additional living expenses up to 14 days. This may include things like a hotel room, restaurant meals, and extra fuel or transit costs. Remember that the key word is “additional”. If your family usually spends $250 a week on groceries and has to order prepared meals while you’re out of your home, insurance will cover a reasonable amount for restaurant meals, minus the $250 that you would usually spend. Same with transportation costs, which you can claim say if your commute to work is typically 5km but becomes 25km from your temporary residence. If you have pets and you need to keep them in a kennel, that may also be covered.

Whenever there is a threat of fire, your safety and that of your family should always be top of mind. Homes can be rebuilt, people can’t. Insurance is there to protect your investment in your home if anything should happen. Always follow directions from the authorities. If you are told to evacuate, don’t hesitate to do so.

You can help to protect your home and your community from fires in the following ways:

Most of the homes in Ontario are not within 100 km of an active fire, so if you don’t have insurance and news of the wildfires has made you reconsider, we would love to get you competitive quotes from some of Canada’s best home insurers, and walk you through all your options. Give us a call today.

Whether you found it on the internet, inherited it, or finally fixed it up enough to get it out of the garage, your classic car is special to you, and so you want to make sure it’s protected. There are certainly insurers that will ballpark the value of the vehicle for you, and insure it for that amount, but if you want to be covered for all the blood, sweat and tears you put in, you’ll need a professional appraiser who can properly assess the true value of the vehicle, in its current condition.

Not only is an expert appraisal essential for the buying and selling of a classic car, it can also qualify you for a higher level of insurance coverage if you’ve taken the time to make sure your classic automobile is in tip-top shape.

There are many people out there who claim to be appraisers and to know everything there is to know about classic cars, and unfortunately in Ontario there are no government regulations covering the vehicle appraisal industry. So finding a reputable appraiser can sometimes seem like a game of chance. PAVE is a non-profit organization that qualifies, licenses and insures vehicle appraisers.

So how do you go about finding an appraiser with the integrity and expertise required to conduct a professional and reliable evaluation of a classic, or vintage, vehicle? What is it you should be looking for?

The first thing to do is to visit a reputable vehicle appraisal site like PAVE to obtain information on qualified appraisers in your area, and learn about their background and areas of expertise. Your appraiser should be prepared to knowledgeably discuss the particulars of your vehicle and honestly present their qualifications with respect to the type of appraisal required.

That’s right. There are different kinds of appraisals:

Court experience is a plus, but not essential. However, the appraiser should be prepared to stand behind their work if a valuation comes into question. Choosing a PAVE-certified appraiser means they are trained, licensed, and insured.

Once you have found an appraiser you feel you can trust, the next step is to make sure the appraisal is done in person and on site. This shouldn’t be a problem when dealing with a professional appraiser. But keep in mind that if your vehicle is not inspected physically and in person, the appraisal is basically worthless to an insurance company. Just sending your own photos of the vehicle won’t cut it.

The Car Appraisal Report will only be considered authoritative if all the photos and information required are gathered by the appraiser personally. Apart from the evaluation itself, the report should include a record of any upgrades, modifications or customized features, as well as photos of:

An experienced and professional appraiser should be prepared to produce and deliver a Car Appraisal Report to the insurance company on your behalf. They should also be prepared to stand behind that report in court, if necessary.

Most importantly for the classic car enthusiast, a professionally completed appraisal report will help you insure your vehicle for its full value in case of a total loss or theft. That value will be stated clearly on what is called an Agreed Value Endorsement (OPCF 19A) that often accompanies classic vehicle policies.

Many people get confused between stated value and agreed value.

Stated value merely reflects the maximum amount that could be paid in the event of a total loss. The trouble with this format is that should you make a claim for damage or loss, the insurance company has the option to pay your total loss after the application of depreciation. This is usually what happens when you make a claim on a standard auto insurance policy.

Agreed value is a guaranteed amount the insurance company will reimburse you should your car be damaged or lost throughout the entire term of your policy. This reflects the fact that classic cars don’t depreciate the way other cars do.

In order to get agreed value coverage, you and the insurance company will have to agree on the value of the vehicle before the beginning of the policy. Without a professional appraisal, the insurance company will likely only agree to a value that reflects what an average vehicle of the same year, make and model would sell for. To get the true value of YOUR vehicle, you’ll need an appraisal.

It’s a good idea to get a new appraisal on your classic vehicle when:

Insurance companies typically accept an appraisal up to 90 days old. Some accept appraisals up to 6 months old. That doesn’t mean they will ask for a new appraisal in the middle of your policy, but they may ask every few years. Even if they don’t, you may want to update the vehicle’s value for your own peace of mind.

We love cars just as much as you do, and we work with the best classic car insurers in the business. If you need insurance for your vintage vehicle, we’re your one-stop-shop. Call us today, get rolling tomorrow!

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.

In the world of auto insurance, there are regular market insurers that provide coverage to the majority of drivers and there are high-risk insurers for people that may not have the best driving record or payment history. Because of the higher premiums that high-risk insurers charge, we created separate rankings for both types of carriers.

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:

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.

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.

Wondering what the best auto insurance company for young drivers in Ontario is? Here’s the scoop: For women under the age of 25, Aviva has the lowest average premiums. For men in the same age group, it’s Intact. But because auto insurance rates are determined by so many different factors, these definitely aren’t one-size-fits-all answers. In fact, when we ran quotes for 14 young drivers using our online auto insurance quoter, six different insurers had the best price for at least one of them.

Insurance companies view young men and women very differently. To determine which insurers are the best for young drivers, we created 14 fictional driver profiles consisting of seven men and seven women, aged 25 or younger, and ran insurance quotes for all of them.

Key findings:

Before digging into the specifics of our study, it’s important to note that determining the best insurance companies involves much more than just who has the lowest price. We’re highlight premiums here as it’s the one factor that definitely varies by age. But there’s a lot more to examine. For a comprehensive look at other factors like service and claims experience along with Google and JD Power ratings, check out the best Ontario auto insurers of 2024.

When it comes to premiums for young drivers, this is how our top auto insurers stack up against one another:

To create a meaningful ranking, we generated separate lists for men and women, and for high-risk and regular market insurers.

Male and female drivers are examined separately because young men are much worse drivers statistically, and because of this are viewed differently by insurance companies. However, this difference disappears by age 25.

High-risk insurers are also ranked separately because the nature of the drivers they take on (people with a history of insurance non-payment, at-fault claims, multiple tickets, etc.) means that their premiums are higher than regular market insurers.

As mentioned above, there are several ways that you can evaluate insurers. In this instance, we’re comparing companies based on their offerings to a specific demographic, and because of that, the only reliable way to rank them is on price since it’s the only factor that differs significantly for young drivers.

To gauge how different insurers perform in terms of pricing, we created 14 fictional driver profiles – seven men and seven women – and obtained quotes for all of them. Although the drivers aren’t real, the rates reflect what someone with similar characteristics (age, gender, location, driving record) could realistically expect to pay for their auto insurance.

All of the quotes were based on the same coverages, policy limits, deductibles and discounts, as follows:

We ran quotes for the following drivers:

Here are the auto insurance quotes for the individuals above:

Intact is the winner for young male drivers in the regular market. They have the lowest average premiums by 6% over second place SGI, offer the best quote for two drivers, and they are no worse than fifth on any profile. But if you’re Jock, Intact will cost you 39% more than Commonwell.

We ran quotes for the following drivers:

Here are the auto insurance quotes for the individuals above.

For young females, Aviva is the winner with the lowest average quote by 7% over runner up Commonwell, and offering the best price for four out of the six regular market driver profiles. If you’re Karlee, you may not mind paying 1% more than the lowest price with Aviva, but if you’re Akilah, Aviva’s quote is 34% higher than the rate offered by Wawanesa.

The short answer is yes, they will. Rankings based on auto insurance rates are accurate at the time the quotes are run. While some insurers may remain competitive for years in certain market segments, exact rates usually vary every few months and will certainly change over the course of a year or more.

The rankings presented in this article are based on the rates that insurance companies file each quarter with the Financial Services Regulatory Authority of Ontario (FSRA). While not every company adjusts their rates quarterly, many do, and they are required to justify their rate changes by providing evidence of how much they’ve paid out in claims. When a company experiences a quarter with lower claims costs for a particular market segment – say young drivers, for example – they may reduce rates for that segment. On the flip side, if their claims shoot up, it becomes necessary to raise premiums to cover these expenses and rates will increase.

This means the auto insurance market is in a constant state of flux with some insurers reducing rates to attract a particular type of customer, and others raising rates for that same demographic to maintain profitability. It’s unlikely that one insurer will consistently be the cheapest option in a given segment for an extended period. Should they manage to achieve this while remaining profitable, eventually competitors will also lower their rates in an attempt to replicate their success.

All of the quotes in this article are for standalone policies with the person in question being the primary driver on the vehicle. But for young drivers, especially those under the age of 20, the most affordable way to gain experience is to be listed as an occasional driver on their parents’ policy.

Take Keegan, for example. He’s 20 years old, lives in Cornwall, and had a conviction for following too close in 2020. If he were to get coverage on his own, his best price would be $2,882 with Intact. But assuming he’s still living with his parents, he could be listed as an occasional driver on the same car for only $994 more than his parents are already paying with CAA (or only $402 if he was female). This can be an even more cost effective choice in the GTA, where insurance rates are considerably higher for young drivers.

Even if you’re a responsible, safety-oriented driver, you are paying for the mistakes made by all the other young drivers who came before you. This is because you haven’t had the opportunity to build a long history of clean driving. This may feel incredibly unfair, especially for young men – who even with a clean record, may sometimes pay insurance premiums that are three or four times higher than the provincial average.

The only way for young drivers to offset this is to opt for a telematics device that measures their driving behaviour. Doing this can lead to significant savings if you drive safely. For instance, consider our G2 driver, Riley, whose best rate would ordinarily be $4,328 with Aviva. If Riley decided to register for Aviva Journey (Aviva’s telematics program), he’d get a 10% discount just for signing up. This would lower his base rate to $3,903, and it could decrease to $3,470 (a 20% discount) by the end of the policy term if he consistently demonstrated excellent driving habits¹.

Please note: If you decide to participate in a telematics program, you’ll need to install a device in your vehicle, or download an app to your phone. It will measure things like how much you drive, when you drive, and how quickly you start and stop.

¹Most users save 10%. You’ll only get the maximum 20-25% discount by severely limiting your kilometres, avoiding rush hour driving, and making sure all your starts and stops are gradual.

If you’re 50 years old and have over three decades’ worth of driving experience, having a speeding ticket or even an at-fault accident on your record won’t necessarily affect your premium that much. But for young drivers, tickets and at-fault accidents will result in significant increases to your insurance costs.

For example, Wren’s best rate is $9,055 with Aviva. Without a speeding ticket on her record, Aviva would still be her best choice, but her premium would be lowered to $6,642. That’s an extra 36% she’s paying because of that one speeding ticket.

We want all drivers in Ontario to be able to find the insurance company that’s best suited to their individual needs. Depending on who you are, where you live, your age and your driving record, your best insurer could be any one of six or more companies.

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 2024 best Ontario car insurance companies article for more detailed information.

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.

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.

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.

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.