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Things to Know Before Getting Cambridge Car Insurance
If you’re looking to get car insurance in Cambridge, here are some things to keep in mind:
- Average Car Insurance Rates: Cambridge is a relatively small city in Ontario, which can make car insurance rates more affordable. However, rates can still vary depending on factors such as your driving history, age, and type of vehicle.
- Insurance Requirements: In Ontario, drivers are required to have a minimum of $200,000 in third-party liability coverage. It’s important to understand the different types of coverage available and to choose coverage that meets your needs.
- Driving Conditions: Cambridge experiences all four seasons, with harsh winters that can impact driving conditions. It’s important to prepare for winter driving by using winter tires and reducing your speed when roads are slick.
- Local Insurance Providers: Cambridge has several local insurance providers who may offer more personalized service and a better understanding of the unique risks and challenges of driving in the area.
- Discounts and Savings: Insurance companies in Cambridge offer various discounts and savings on car insurance, such as safe driver discounts, multi-vehicle discounts, and bundling discounts (when you combine car and home insurance policies). Be sure to ask about all available discounts.
- Working with a Broker: Insurance brokers in Cambridge can help you find the best car insurance coverage at the best price. They can provide you with personalized service and help you navigate the sometimes confusing world of car insurance.
What is the Average Car Insurance Cost in Cambridge?
According to our research, the average annual car insurance premium in Cambridge is $1,478 in 2023. However, rates can be higher or lower depending on the specific location and driver profile.
Here is a table showing the estimated average monthly car insurance costs range for different driver profiles in Cambridge, for a driver profile of age 35, married, and a clean driving record:
| Driver Profile | Liability only | Liability + Collision | Full coverage |
|---|---|---|---|
| G1 Driver | $195 – $280 | $245 – $350 | $305 – $435 |
| G2 Driver | $170 – $245 | $215 – $305 | $270 – $385 |
| Full G | $145 – $210 | $185 – $265 | $230 – $330 |
| Teenage Driver | $410 – $585 | $515 – $735 | $645 – $920 |
| Young Driver | $290 – $415 | $365 – $520 | $455 – $650 |
| High-risk Driver | $450 – $640 | $565 – $805 | $705 – $1005 |
| Occasional driver | $125 – $180 | $155 – $220 | $195 – $280 |
| Pleasure driver | $110 – $160 | $140 – $200 | $175 – $250 |
| Commuting driver | $195 – $280 | $245 – $350 | $305 – $435 |
| Good driver | $125 – $180 | $155 – $220 | $195 – $280 |
| Bad driver | $360 – $515 | $450 – $645 | $565 – $805 |
| New Driver | $340 – $485 | $425 – $605 | $530 – $755 |
| Secondary Driver | $135 – $195 | $170 – $245 | $210 – $300 |
| 17 Years Old | $385 – $550 | $485 – $695 | $605 – $865 |
| Seniors | $120 – $170 | $150 – $215 | $190 – $270 |
| Over 55 Years Old | $115 – $165 | $145 – $210 | $180 – $260 |
| Students | $180 – $260 | $225 – $320 | $280 – $400 |
| International Driver | $410 – $585 | $515 – $735 | $645 – $920 |
| Newcomers | $360 – $515 | $450 – $645 | $565 – $805 |
| Men Driver | $180 – $260 | $225 – $320 | $280 – $400 |
| Women Driver | $165 – $235 | $205 – $290 | $255 – $365 |
| Married Couples | $120 – $170 | $150 – $215 | $190 – $270 |
| Usage-Based | $120 – $170 | $150 – $215 | $190 – $270 |
| Uber/Lyft | $275 – $390 | $345 – $490 | $430 – $610 |
| Personal use | $165 – $235 | $205 – $290 | $255 – $365 |
| Business use | $305 – $435 | $385 – $550 | $480 – $685 |
| Commercial use |
Here is a table showing the estimated average monthly car insurance costs range for different types of cars in Cambridge, for a driver profile of age 35, married, and a clean driving record:
| Car Type | Liability only | Liability + Collision | Full coverage |
|---|---|---|---|
| Sedan | $140 – $175 | $175 – $220 | $220 – $275 |
| Convertible | $210 – $300 | $265 – $380 | $330 – $475 |
| Hatchback | $135 – $195 | $170 – $245 | $210 – $300 |
| Wagon | $145 – $210 | $185 – $265 | $230 – $330 |
| Coupe | $170 – $245 | $215 – $305 | $270 – $385 |
| SUV | $185 – $265 | $235 – $335 | $295 – $420 |
| Truck | $160 – $230 | $200 – $285 | $250 – $355 |
| Minivans | $160 – $230 | $200 – $285 | $250 – $355 |
| Van | $160 – $230 | $200 – $285 | $250 – $355 |
| Electric Car | $165 – $235 | $205 – $290 | $255 – $365 |
| Hybrid Car | $155 – $220 | $195 – $280 | $245 – $350 |
| Multi Car | $120 – $170 | $150 – $215 | $190 – $270 |
| Exotic Car | $810 – $1155 | $1015 – $1445 | $1270 – $1815 |
| Luxury Car | $400 – $570 | $505 – $720 | $630 – $900 |
| Classic Car | $165 – $235 | $205 – $290 | $255 – $365 |
| Vintage car | $165 – $235 | $205 – $290 | $255 – $365 |
| Sports Car | $390 – $555 | $490 – $700 | $615 – $875 |
| Leased cars | $195 – $280 | $245 – $350 | $305 – $435 |
| 2 Door | $170 – $245 | $215 – $305 | $270 – $385 |
Here is a table showing the estimated average monthly car insurance costs range in Cambridge, for a driver profile of age 35, married, based on the driving history:
| Driving History | Liability only | Liability + Collision | Full coverage |
|---|---|---|---|
| 1 one at-fault accident | $270 – $385 | $340 – $485 | $425 – $605 |
| 2 one at-fault accident | $360 – $515 | $450 – $645 | $565 – $805 |
| 1 non-fault accident | $120 – $170 | $150 – $215 | $190 – $270 |
| DUI conviction | $450 – $640 | $565 – $805 | $705 – $1005 |
| 1 Speeding Ticket | $135 – $195 | $170 – $245 | $210 – $300 |
| 2 Speeding Tickets | $195 – $280 | $245 – $350 | $305 – $435 |
How Does Cambridge’s Average Car Insurance Cost Compare to Other Cities?
Here is a comparison of the average annual car insurance premiums for some cities in Ontario:
- Toronto: $2,186
- Ottawa: $1,219
- Hamilton: $1,359
- London: $1,611
- Kitchener/Waterloo/Cambridge: $1,478
Which Cars Have the Cheapest Car Insurance in Cambridge?
The cost of car insurance in Cambridge can vary depending on many factors, including the make and model of the vehicle being insured. However, in general, cars that are less expensive to repair or have lower theft rates tend to have lower insurance premiums. Here are some examples of cars that may have relatively lower insurance premiums in Cambridge, along with estimated average rates:
- Honda CR-V – The Honda CR-V is a popular crossover SUV that is known for its reliability and safety features. According to some estimates, the average annual car insurance premium for a Honda CR-V in Cambridge can range from $1,100 to $1,300.
- Toyota Corolla – The Toyota Corolla is a compact car that is known for its fuel efficiency and low maintenance costs. The average annual car insurance premium for a Toyota Corolla in Cambridge can range from $1,000 to $1,200.
- Ford Focus – The Ford Focus is a compact car that is known for its affordability and practicality. According to some estimates, the average annual car insurance premium for a Ford Focus in Cambridge can range from $1,100 to $1,300.
- Mazda 3 – The Mazda 3 is a compact car that is known for its sporty handling and stylish design. The average annual car insurance premium for a Mazda 3 in Cambridge can range from $1,200 to $1,400.
How to Get the Cheapest Car Insurance in Cambridge?
There are several ways to potentially reduce the cost of car insurance in Cambridge:
- Shop around for quotes: Rates can vary significantly between insurance providers, so it’s important to shop around and compare quotes from several companies. There are several comparison websites that can help you find the best rates for your specific needs.
- Consider increasing your deductible: A higher deductible can lower your monthly premium, but keep in mind that you’ll have to pay more out of pocket in the event of an accident.
- Maintain a good driving record: A clean driving record can help keep your insurance rates lower. Avoid getting traffic violations or involved in accidents.
- Install security features: Installing an alarm, immobilizer, or tracking device can help deter theft and potentially lower your insurance premium.
- Choose a car with lower insurance costs: As mentioned earlier, cars that are less expensive to repair or have lower theft rates tend to have lower insurance premiums. When choosing a car, consider its safety rating, average repair costs, and theft rates.
- Look for discounts: Many insurance providers offer discounts for things like good driving records, multiple policies, or completing a defensive driving course.
- Consider usage-based insurance: Some insurance providers offer usage-based insurance, which uses data from a device installed in your car to determine your premium based on your driving behavior.
Cambridge Car Insurance Facts
Here are some facts related to car insurance in Cambridge, Ontario, Canada:
- In Ontario, the cost of car insurance can vary widely by location, with some cities having higher or lower premiums than others. Cambridge is generally considered to have mid-range insurance rates compared to other cities in Ontario.
- As in other areas, car theft is a problem in Cambridge, with some areas of the city experiencing higher theft rates than others. It is important to keep your car secure and consider installing anti-theft devices to potentially lower your insurance premiums.
- Cambridge is located in the Waterloo Region, which is known for having one of the highest rates of car accidents in Ontario. This can contribute to higher insurance premiums in the area.
- The government of Ontario sets the minimum required car insurance coverage for drivers, which includes third-party liability coverage, accident benefits coverage, and uninsured motorist coverage. Drivers can choose to purchase additional coverage options, such as collision or comprehensive coverage, which can increase the cost of insurance.
- There are a number of insurance providers in Cambridge and the surrounding area, which can offer a range of coverage options and rates. It’s important to shop around and compare quotes from several providers to find the best coverage at the most affordable price.
Top 10 List of Best Car Insurance Companies in Cambridge Ontario
Here are some of the best car insurance companies in Cambridge, Ontario, Canada, along with a brief company description and their average star rating as of February 2023, according to customer reviews from Google and Trustpilot:
- Belairdirect – Belairdirect is a well-known insurance provider in Canada, offering a range of coverage options for car owners. Their policies include benefits like roadside assistance, accident forgiveness, and customized coverage options. Average rating: 3.9 stars (Google).
- Desjardins Insurance – Desjardins is a large insurance company with a strong presence in Ontario, offering car insurance policies with optional add-ons like collision coverage, rental car coverage, and legal assistance. Average rating: 3.6 stars (Google).
- TD Insurance – TD Insurance is a well-established insurance provider in Canada, offering a range of coverage options for car owners, including discounts for good driving habits and multiple vehicles. Average rating: 3.2 stars (Trustpilot).
- Allstate Insurance – Allstate is a popular insurance provider in Canada, offering a range of coverage options for car owners, including collision coverage, comprehensive coverage, and roadside assistance. Average rating: 3.3 stars (Google).
- State Farm Insurance – State Farm is a large insurance provider in Canada, offering car insurance policies with coverage options like liability, collision, and comprehensive coverage. They also offer discounts for safe driving habits and multiple vehicles. Average rating: 4.1 stars (Google).
- The Co-operators – The Co-operators is a Canadian insurance provider that offers a range of coverage options for car owners, including liability, collision, and comprehensive coverage. They also offer discounts for bundling multiple policies. Average rating: 3.5 stars (Google).
- Economical Insurance – Economical is a Canadian insurance company that offers car insurance policies with coverage options like liability, collision, and comprehensive coverage. They also offer discounts for bundling multiple policies and for safe driving habits. Average rating: 3.3 stars (Google).
- Intact Insurance – Intact is a large Canadian insurance provider that offers car insurance policies with coverage options like liability, collision, and comprehensive coverage. They also offer discounts for bundling multiple policies and for good driving habits. Average rating: 2.7 stars (Trustpilot).
- RBC Insurance – RBC Insurance is a well-known insurance provider in Canada, offering car insurance policies with coverage options like liability, collision, and comprehensive coverage. They also offer discounts for safe driving habits and bundling multiple policies. Average rating: 2.8 stars (Google).
- Wawanesa Insurance – Wawanesa is a Canadian insurance provider that offers car insurance policies with coverage options like liability, collision, and comprehensive coverage. They also offer discounts for safe driving habits and bundling multiple policies. Average rating: 4.2 stars (Google).
Top 10 List of Best Car Insurance Brokers in Cambridge Ontario
Here are some of the best independent car insurance brokers in Cambridge, Ontario, Canada, along with a brief company description and their average star rating as of February 2023, according to customer reviews from Google and Yelp:
- DPM Insurance Group – DPM Insurance Group is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.7 stars (Google).
- Erb and Erb Insurance Brokers Ltd. – Erb and Erb Insurance Brokers is a family-owned insurance brokerage that has been operating in Cambridge for over 100 years. They offer a range of insurance products, including car insurance, and work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.3 stars (Google).
- KRG Insurance Brokers – KRG Insurance Brokers is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.0 stars (Google).
- J.D. Smith Insurance Brokers Inc. – J.D. Smith Insurance Brokers is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.4 stars (Google).
- Staebler Insurance – Staebler Insurance is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.0 stars (Google).
- Duliban Insurance Brokers – Duliban Insurance Brokers is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.5 stars (Google).
- Mitchell & Whale Insurance Brokers – Mitchell & Whale Insurance Brokers is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.7 stars (Google).
- A.P. Reid Insurance – A.P. Reid Insurance is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.9 stars (Google).
- Guthrie Insurance Brokers Ltd. – Guthrie Insurance Brokers is an independent insurance brokerage that has been operating in Cambridge for over 60 years. They offer a range of insurance products, including car insurance, and work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 4.4 stars (Google).
- Cowan Insurance Group – Cowan Insurance Group is an independent insurance brokerage that offers a range of insurance products, including car insurance. They work with multiple insurance providers to find the best coverage options and rates for their clients. Average rating: 3.5 stars (Google).
Tips for Drivers in Cambridge
Here are some tips for drivers in Cambridge, Ontario, Canada:
- Be aware of the weather conditions: Ontario experiences all four seasons, which can bring different weather conditions. Be prepared for snow, ice, and rain, especially during the winter months, and adjust your driving accordingly.
- Stay alert for wildlife: Cambridge and the surrounding areas have many parks and natural areas where wildlife can be found. Be aware of the potential for wildlife on the roads, particularly during dusk and dawn when animals are most active.
- Follow the speed limits: Speed limits are in place for safety reasons and should be followed at all times. Be aware of school zones, construction zones, and other areas where speed limits may be reduced.
- Watch out for pedestrians and cyclists: Cambridge has many cycling paths and pedestrian areas, so it’s important to be aware of these and give them the right of way.
- Be cautious on rural roads: Cambridge has many rural roads, which may have fewer streetlights, lower speed limits, and less traffic. Be cautious and alert for other drivers, wildlife, and other potential hazards.
- Keep your car secure: Car theft is a problem in Cambridge, so it’s important to keep your car secure by locking the doors, parking in well-lit areas, and installing anti-theft devices.
- Stay up-to-date on traffic and road conditions: Stay informed about potential traffic delays or road closures by checking local traffic and news updates. This can help you plan your routes and avoid potential delays.
What are the Most Dangerous Intersections in Cambridge?
According to the City of Cambridge’s Collision Data report, the following intersections in Cambridge, Ontario, have had the highest number of reported collisions over the past few years:
- Hespeler Road and Bishop Street North – This intersection has had 78 reported collisions between 2016 and 2020.
- Hespeler Road and Eagle Street North – This intersection has had 55 reported collisions between 2016 and 2020.
- Hespeler Road and Can-Amera Parkway – This intersection has had 49 reported collisions between 2016 and 2020.
- Hespeler Road and Maple Grove Road – This intersection has had 48 reported collisions between 2016 and 2020.
- Franklin Boulevard and Jamieson Parkway – This intersection has had 42 reported collisions between 2016 and 2020.
- Hespeler Road and Dunbar Road – This intersection has had 41 reported collisions between 2016 and 2020.
Total Reportable Collisions in Cambridge
According to the City of Cambridge’s Collision Data report, there were a total of 18,487 reportable collisions in Cambridge, Ontario between the years of 2013 and 2021. The number of reportable collisions per year during this time period are as follows:
- 2013: 2,298
- 2014: 2,259
- 2015: 2,281
- 2016: 2,254
- 2017: 2,218
- 2018: 2,079
- 2019: 1,974
- 2020: 1,875
- 2021 (up to September 30): 1,249
About the Author: Valerie D. Hahn
Valerie is an insurance editor, journalist, and business professional at RateLab. She has more than 15 years of experience in personal financial products. She strives to educate readers and ensure that they are properly protected.
