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Things to Know Before Getting London Car Insurance
Here are some things to know before getting car insurance in London:
- Mandatory coverage: In Ontario, all drivers are required by law to have a minimum amount of car insurance coverage. This includes third-party liability coverage, accident benefits coverage, and uninsured automobile coverage.
- Additional coverage: While the minimum coverage is mandatory, it may be beneficial to consider additional coverage options to protect yourself and your vehicle in the event of an accident. Optional coverage can include collision coverage, comprehensive coverage, and increased liability limits.
- Premiums: The cost of car insurance in London can vary depending on a number of factors, including the driver’s age, driving record, vehicle make and model, and location. Be sure to shop around and compare quotes from multiple insurance providers to find the best rate.
- Discounts: Insurance companies may offer discounts for safe driving habits, installing anti-theft devices, or bundling multiple insurance policies. Be sure to ask about available discounts when shopping for insurance.
- Insurance brokers: Consider working with an independent insurance broker in London. They can help you navigate the insurance market and find the best policy for your needs.
- Insurance fraud: Insurance fraud is a serious problem in Ontario, and it can result in higher premiums for everyone. Be sure to only report legitimate claims and avoid participating in fraudulent activities.
- Winter driving: London’s winter weather can be harsh, with snow, ice, and freezing temperatures. Be sure to prepare your vehicle for winter driving and drive cautiously in hazardous conditions.
- Road conditions: London has a number of major highways and busy intersections. Be aware of road conditions and traffic patterns when driving in the city, and follow traffic laws to avoid accidents.
- Parking: Parking can be challenging in some areas of London. Be sure to follow parking regulations to avoid tickets or towing.
- Public transportation: London has a number of public transportation options, including buses and a light rail transit system. Consider using these options when possible to reduce your time on the road and potentially lower your insurance premiums.
What is the Average Car Insurance Rate in London
The average car insurance rate in London, Ontario can vary depending on a number of factors, including the driver’s age, driving record, vehicle make and model, and location. The average annual car insurance premium in London is around $1,500.
Here is a table showing the estimated average monthly car insurance costs range in London for a driver profile of age 35, married, with a clean driving record:
| Driver Profile | Liability only | Liability + Collision | Full coverage |
|---|---|---|---|
| G1 Driver | $180 – $255 | $225 – $320 | $280 – $400 |
| G2 Driver | $150 – $215 | $190 – $275 | $240 – $345 |
| Full G | $120 – $170 | $150 – $215 | $190 – $275 |
| Teenage Driver | $740 – $1055 | $930 – $1325 | $1170 – $1665 |
| Young Driver | $400 – $570 | $500 – $715 | $625 – $890 |
| High-risk Driver | $710 – $1010 | $890 – $1270 | $1115 – $1595 |
| Occasional driver | $120 – $170 | $150 – $215 | $190 – $275 |
| Pleasure driver | $100 – $140 | $125 – $180 | $155 – $220 |
| Commuting driver | $220 – $315 | $275 – $395 | $345 – $495 |
| Good driver | $100 – $140 | $125 – $180 | $155 – $220 |
| Bad driver | $710 – $1010 | $890 – $1270 | $1115 – $1595 |
| New Driver | $400 – $570 | $500 – $715 | $625 – $890 |
| Secondary Driver | $90 – $130 | $115 – $165 | $140 – $200 |
| 17 Years Old | $740 – $1055 | $930 – $1325 | $1170 – $1665 |
| Seniors | $100 – $140 | $125 – $180 | $155 – $220 |
| Over 55 Years Old | $90 – $130 | $115 – $165 | $140 – $200 |
| Students | $400 – $570 | $500 – $715 | $625 – $890 |
| International Driver | $710 – $1010 | $890 – $1270 | $1115 – $1595 |
| Newcomers | $710 – $1010 | $890 – $1270 | $1115 – $1595 |
| Men Driver | $180 – $255 | $225 – $320 | $280 – $400 |
| Women Driver | $170 – $245 | $210 – $300 | $265 – $380 |
| Married Couples | $100 – $140 | $125 – $180 | $155 – $220 |
| Usage-Based | $120 – $170 | $150 – $215 | $190 – $275 |
| Uber/Lyft | $220 – $315 | $275 – $395 | $345 – $495 |
| Personal use | $170 – $245 | $210 – $300 | $265 – $380 |
Here’s the table showing the estimated monthly car insurance costs range for different types of cars.
| Car Type | Monthly Cost (Liability only) | Monthly Cost (Liability + Collision) | Monthly Cost (Full coverage) |
|---|---|---|---|
| Sedan | $70 – $150 | $90 – $200 | $100 – $300 |
| Convertible | $80 – $180 | $100 – $220 | $120 – $350 |
| Hatchback | $60 – $140 | $80 – $180 | $90 – $250 |
| Wagon | $70 – $150 | $90 – $200 | $100 – $300 |
| Coupe | $80 – $180 | $100 – $220 | $120 – $350 |
| SUV | $90 – $200 | $120 – $250 | $150 – $400 |
| Truck | $90 – $200 | $120 – $250 | $150 – $400 |
| Minivan | $100 – $220 | $130 – $280 | $170 – $450 |
| Van | $100 – $220 | $130 – $280 | $170 – $450 |
| Electric Car | $100 – $220 | $130 – $280 | $170 – $450 |
| Hybrid Car | $90 – $200 | $120 – $250 | $150 – $400 |
| Multi Car | $90 – $200 | $120 – $250 | $150 – $400 |
| Exotic Car | $400 – $800 | $500 – $1000 | $600 – $1500 |
| Luxury Car | $300 – $600 | $400 – $800 | $500 – $1200 |
| Classic Car | $100 – $300 | $150 – $400 | $200 – $600 |
| Vintage car | $100 – $300 | $150 – $400 | $200 – $600 |
| Sports Car | $200 – $500 | $250 – $600 | $300 – $800 |
| Leased cars | $80 – $180 | $100 – $220 | $120 – $350 |
| 2 Door | $80 – $180 | $100 – $220 | $120 – $350 |
Here is the table showing the estimated monthly car insurance costs range in London.
| Driving History | Liability Only | Liability + Collision | Full Coverage |
|---|---|---|---|
| 1 At-Fault Accident | $150 – $300 | $200 – $400 | $250 – $500 |
| 2 At-Fault Accidents | $200 – $400 | $250 – $500 | $300 – $600 |
| 1 Non-Fault Accident | $100 – $250 | $150 – $300 | $200 – $400 |
| DUI Conviction | $200 – $400 | $300 – $600 | $400 – $800 |
| 1 Speeding Ticket | $100 – $250 | $150 – $300 | $200 – $400 |
| 2 Speeding Tickets | $150 – $300 | $200 – $400 | $250 – $500 |
How Does London’s Average Car Insurance Cost Compare to Other Cities?
Here is a list of how London’s average car insurance cost compares to other cities in Ontario based on report:
- Brampton – $2,698
- Mississauga – $2,132
- Vaughan – $1,825
- Toronto – $1,743
- Markham – $1,583
- Richmond Hill – $1,576
- Pickering – $1,516
- London – $1,505
- Hamilton – $1,497
- Ajax – $1,457
Which Cars Have the Cheapest Car Insurance in London?
Here are a few car models that have historically been associated with lower insurance rates in London:
- Honda Civic – average annual premium of $1,268
- Toyota Corolla – average annual premium of $1,331
- Hyundai Elantra – average annual premium of $1,331
- Mazda3 – average annual premium of $1,362
- Ford Focus – average annual premium of $1,407
How to Get the Cheapest Car Insurance in London?
Here are some tips to help you get the cheapest car insurance in London:
- Shop around: The most effective way to find the cheapest car insurance in London is to shop around and compare quotes from multiple insurance providers. You can do this online, over the phone, or by visiting a broker in person.
- Bundle your insurance: Many insurance providers offer discounts if you bundle your car insurance with other types of insurance, such as home or life insurance.
- Increase your deductible: By increasing your deductible, you can lower your monthly premiums. Just make sure you can afford the higher deductible if you have to make a claim.
- Ask about discounts: Many insurance providers offer discounts for things like good driving records, low mileage, and safety features on your car.
- Drive a car with low insurance rates: As mentioned earlier, cars with good safety ratings, lower repair costs, and lower theft rates tend to have cheaper insurance rates. You can research car models with lower insurance rates and choose one of these when shopping for a car.
- Drive safely: Insurance providers often offer discounts to drivers with good driving records, so be sure to follow traffic laws and practice safe driving habits.
- Consider usage-based insurance: Some insurance providers offer usage-based insurance plans that use telematics technology to track your driving habits and offer lower rates to safe drivers.
London Car Insurance Facts
Here are some car insurance facts specific to London, Ontario:
- Car insurance rates in London are generally higher than the provincial average in Ontario.
- Insurance providers in London take into account factors such as age, driving history, and the type of car when calculating insurance rates. The city’s traffic congestion, crime rates, and number of accidents can also impact insurance rates.
- Drivers in London are required by law to carry a minimum of $200,000 in liability coverage, but many drivers opt for higher levels of coverage to protect themselves in the event of an accident.
- London has several insurance providers, including major companies like Intact, Allstate, and TD Insurance, as well as smaller, independent brokers.
- Insurance fraud is a growing problem in London, and insurance providers are cracking down on fraudulent claims in order to prevent insurance rates from increasing even further.
- London has a number of discounts available to drivers, including discounts for good driving records, low mileage, and cars equipped with certain safety features.
- London drivers may also be eligible for discounts through group plans, such as those offered to members of certain organizations or through alumni associations.
Top 10 List of Best Car Insurance Companies in London
Here is a list of some of the best car insurance companies in London, Ontario, with company descriptions, reviews:
- State Farm Insurance: State Farm is a well-known insurance provider in Canada, offering a range of coverage options including liability, collision, and comprehensive coverage. They also offer discounts for safe driving and bundling policies.
- Intact Insurance: Intact is one of Canada’s largest insurance providers, offering a range of auto insurance options including liability, collision, and comprehensive coverage. They also offer discounts for safe driving, bundling policies, and owning a hybrid or electric vehicle.
- TD Insurance: TD Insurance is another well-known insurance provider in Canada, offering a range of coverage options for car owners. They offer discounts for good driving habits, bundling policies, and being a member of certain organizations.
- Allstate Insurance: Allstate is a well-known insurance provider in Canada, offering a range of auto insurance options including liability, collision, and comprehensive coverage. They also offer discounts for safe driving and bundling policies.
- RBC Insurance: RBC Insurance offers a range of auto insurance options for car owners in London, including liability, collision, and comprehensive coverage. They also offer discounts for good driving habits and bundling policies.
- Belairdirect: Belairdirect is a well-known insurance provider in Canada, offering a range of coverage options including liability, collision, and comprehensive coverage. They also offer discounts for safe driving and bundling policies.
- Aviva Canada: Aviva Canada is a major insurance provider in Canada, offering a range of auto insurance options for car owners. They offer discounts for good driving habits and bundling policies.
- Wawanesa Insurance: Wawanesa Insurance is a Canadian insurance provider that offers a range of auto insurance options including liability, collision, and comprehensive coverage. They offer discounts for safe driving and bundling policies.
- Economical Insurance: Economical Insurance is a Canadian insurance provider that offers a range of auto insurance options for car owners. They offer discounts for safe driving and bundling policies.
- Johnson Insurance: Johnson Insurance is a Canadian insurance provider that offers a range of coverage options including liability, collision, and comprehensive coverage. They offer discounts for safe driving and bundling policies.
Top 10 List of Best Car Insurance Brokers in London
Here is a list of some of the best independent car insurance brokers in London, Ontario, with company descriptions, reviews:
- ThinkInsure: ThinkInsure is an independent insurance broker in London that offers a range of auto insurance options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- Billyard Insurance Group: Billyard Insurance Group is an independent insurance brokerage in London that offers a range of coverage options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- Duliban Insurance Brokers: Duliban Insurance Brokers is an independent insurance brokerage in London that offers a range of coverage options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- Petley-Hare Limited: Petley-Hare Limited is an independent insurance brokerage in London that offers a range of auto insurance options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- RRJ Insurance Group: RRJ Insurance Group is an independent insurance brokerage in London that offers a range of auto insurance options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- Oracle RMS: Oracle RMS is an independent insurance brokerage in London that offers a range of coverage options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- BrokerLink: BrokerLink is an independent insurance brokerage in London that offers a range of auto insurance options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- HJM Insurance & Financial Services Inc.: HJM Insurance & Financial Services Inc. is an independent insurance brokerage in London that offers a range of auto insurance options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- J.G. Rivet Brokers Limited: J.G. Rivet Brokers Limited is an independent insurance brokerage in London that offers a range of coverage options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
- McConville Omni Insurance Brokers Limited: McConville Omni Insurance Brokers Limited is an independent insurance brokerage in London that offers a range of auto insurance options for car owners. They work with a number of insurance providers to help customers find the best coverage at the best price.
Tips for Drivers in London. Only actual London
Here are some tips for drivers in London, Ontario:
- Be aware of construction zones: Like any other city, there are a lot of construction zones in London, which can slow down traffic. Be sure to obey posted speed limits and watch for workers and construction vehicles.
- Drive defensively: It’s important to always be aware of your surroundings and anticipate the actions of other drivers. Don’t assume that other drivers will follow the rules of the road, and be prepared to react quickly if necessary.
- Be cautious around pedestrians and cyclists: London has a growing cycling community, and there are also many pedestrians on the city’s streets. Always be on the lookout for people on foot or on bikes, especially in busy areas like downtown or around parks.
- Be mindful of weather conditions: London experiences all types of weather, from heavy snow in the winter to thunderstorms in the summer. Make sure your vehicle is equipped for the conditions and adjust your driving accordingly.
- Watch for one-way streets: Downtown London has many one-way streets, so it’s important to pay attention to signs and be aware of the direction of traffic.
- Avoid distracted driving: Distracted driving is a major cause of accidents, so make sure to put away your phone and other distractions while you’re behind the wheel.
- Observe school zones: London has many schools, and there are often reduced speed limits in school zones. Make sure to slow down and watch for children crossing the street.
- Don’t drink and drive: Driving under the influence of drugs or alcohol is illegal and dangerous. Always have a designated driver, take a taxi or use public transportation if you plan on drinking.
What are the Most Dangerous Intersections in London?
According to data from the City of London’s Road Safety Report 2018-2020, the following intersections had the highest number of collisions reported:
- Wonderland Rd S & Exeter Rd – 53 collisions
- Highbury Ave N & Oxford St E – 47 collisions
- Wonderland Rd N & Fanshawe Park Rd W – 44 collisions
- Adelaide St N & Fanshawe Park Rd E – 42 collisions
- Wharncliffe Rd S & Commissioners Rd W – 38 collisions
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.
