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Things to Know Before Getting Oakville Car Insurance
If you’re looking to get car insurance in Oakville, here are a few things to keep in mind:
- Ontario’s no-fault insurance system: Ontario is a no-fault insurance province, which means that regardless of who is at fault in an accident, each driver is covered by their own insurance company. This system can impact the coverage and rates offered by different insurance providers, so it’s important to understand how it works.
- Minimum coverage requirements: In Ontario, all drivers are required to have a minimum amount of liability insurance, which covers damages and injuries that you may cause to other drivers or pedestrians. The current minimum requirement is $200,000, but many drivers choose to purchase additional coverage for extra protection.
- Your driving record: Your driving record can impact your car insurance rates, so it’s important to know what’s on your record before you start shopping for insurance. If you have a history of accidents, tickets, or other driving violations, you may be considered a higher risk and may face higher rates.
- Discounts and savings: Many insurance providers offer discounts and savings for drivers who meet certain criteria, such as safe driving habits, having a clean driving record, or bundling multiple insurance policies. Be sure to ask your insurance provider about any available discounts or savings that you may be eligible for.
- Shop around: There are many insurance providers in Oakville, so it’s important to shop around and compare rates and coverage options from multiple providers. This can help you find the best coverage and rates for your individual needs and budget.
What is the Average Car Insurance Cost in Oakville
Based on data from various sources, the average car insurance rate in Oakville is $1,324 per year.
Here’s a table showing the average car insurance costs range for different driver profiles in Oakville:
Please note that these are average costs and may vary based on various factors such as driving history, vehicle type, location, and insurance provider.
| Driver Profile | Liability Only | Liability + Collision | Full Coverage |
|---|---|---|---|
| G1 Driver | $130 – $180 | $180 – $230 | $230 – $280 |
| G2 Driver | $110 – $160 | $160 – $210 | $210 – $260 |
| G | $90 – $140 | $140 – $190 | $190 – $240 |
| Teenage Driver | $230 – $320 | $310 – $410 | $390 – $490 |
| Young Driver | $150 – $200 | $200 – $250 | $290 – $340 |
| High-risk Driver | $190 – $240 | $240 – $290 | $340 – $390 |
| Occasional driver | $80 – $130 | $130 – $180 | $180 – $230 |
| Pleasure driver | $90 – $140 | $140 – $190 | $190 – $240 |
| Commuting driver | $120 – $170 | $170 – $220 | $220 – $270 |
| Good driver | $70 – $120 | $120 – $170 | $170 – $220 |
| Bad driver | $280 – $380 | $370 – $470 | $460 – $560 |
| New Driver | $165 – $215 | $215 – $265 | $305 – $355 |
| Secondary Driver | $80 – $130 | $130 – $180 | $180 – $230 |
| 17 Years Old | $250 – $350 | $330 – $430 | $410 – $510 |
| Seniors | $90 – $140 | $140 – $190 | $190 – $240 |
| Over 55 Years Old | $80 – $130 | $130 – $180 | $180 – $230 |
| Students | $135 – $185 | $185 – $235 | $235 – $285 |
| International Driver | $190 – $240 | $240 – $290 | $340 – $390 |
| Newcomers | $165 – $215 | $215 – $265 | $305 – $355 |
| Men Driver | $110 – $160 | $160 – $210 | $210 – $260 |
| Women Driver | $100 – $150 | $150 – $200 | $200 – $250 |
| Married Couples | $80 – $130 | $130 – $180 | $180 – $230 |
| Usage-Based | $110 – $160 | $160 – $210 | $210 – $260 |
| Uber/Lyft | $165 – $215 | $215 – $265 | $305 – $355 |
| Personal use | $100 – $150 | $150 – $200 | $200 – $250 |
| Business use | $135 – $185 | $185 – $235 | $235 – $285 |
| Commercial use | $190 – $240 | $240 – $290 | $340 – $390 |
Here’s a table showing the estimated monthly car insurance costs range for different types of cars in Oakville:
| Car Type | Liability Only | Liability + Collision | Full Coverage |
|---|---|---|---|
| Sedan | $85 – $135 | $130 – $180 | $175 – $225 |
| Convertible | $115 – $165 | $165 – $215 | $215 – $265 |
| Hatchback | $75 – $125 | $120 – $170 | $165 – $215 |
| Wagon | $90 – $140 | $135 – $185 | $180 – $230 |
| Coupe | $115 – $165 | $165 – $215 | $215 – $265 |
| SUV | $105 – $155 | $155 – $205 | $205 – $255 |
| Truck | $105 – $155 | $155 – $205 | $205 – $255 |
| Minivans | $85 – $135 | $130 – $180 | $175 – $225 |
| Van | $85 – $135 | $130 – $180 | $175 – $225 |
| Electric Car | $125 – $175 | $175 – $225 | $225 – $275 |
| Hybrid Car | $105 – $155 | $155 – $205 | $205 – $255 |
| Multi Car | $100 – $150 | $150 – $200 | $200 – $250 |
| Exotic Car | $395 – $495 | $495 – $595 | $595 – $695 |
| Luxury Car | $295 – $395 | $395 – $495 | $495 – $595 |
| Classic Car | $175 – $225 | $225 – $275 | $275 – $325 |
| Vintage Car | $175 – $225 | $225 – $275 | $275 – $325 |
| Sports Car | $205 – $255 | $255 – $305 | $305 – $355 |
| Leased cars | $125 – $175 | $175 – $225 | $225 – $275 |
| 2 Door | $115 – $165 | $165 – $215 | $215 – $265 |
Here’s a table showing the average car insurance costs range in Oakville for a driver profile of age 35, married, based on the driving history:
| Driving History | Liability Only | Liability + Collision | Full Coverage |
|---|---|---|---|
| 1 at-fault accident | $170 – $270 | $220 – $320 | $270 – $370 |
| 2 at-fault accidents | $250 – $350 | $300 – $400 | $350 – $450 |
| 1 non-fault accident | $110 – $160 | $160 – $210 | $210 – $260 |
| DUI conviction | $385 – $485 | $485 – $585 | $585 – $685 |
| 1 speeding ticket | $100 – $150 | $150 – $200 | $200 – $250 |
| 2 speeding tickets | $160 – $210 | $210 – $260 | $260 – $310 |
How Does Oakville’s Average Car Insurance Cost Compare to Other Cities?
Here are some average car insurance rates for different cities in Ontario, compared to Oakville:
- Toronto: $1,750 – $2,000 per year
- Mississauga: $1,500 – $1,800 per year
- Brampton: $1,900 – $2,200 per year
- Hamilton: $1,300 – $1,600 per year
- Burlington: $1,100 – $1,400 per year
Which Cars Have the Cheapest Car Insurance in Oakville?
The cost of car insurance can vary depending on a number of factors, including the type of car you drive. Here are some cars that may have lower insurance rates in Oakville, along with their average rates:
- Honda Civic: $1,300 – $1,500 per year
- Toyota Corolla: $1,200 – $1,400 per year
- Ford Escape: $1,400 – $1,600 per year
- Hyundai Elantra: $1,200 – $1,400 per year
- Mazda3: $1,300 – $1,500 per year
How to Get the Cheapest Car Insurance in Oakville?
If you’re looking to get the cheapest car insurance in Oakville, there are several steps you can take:
- Shop around: It’s important to compare rates and coverage options from multiple insurance providers to find the best rates for your individual needs and budget.
- Consider raising your deductible: A higher deductible can lower your monthly premium, but it also means that you’ll pay more out of pocket if you have an accident.
- Bundle your insurance: Many insurance providers offer discounts for bundling multiple insurance policies, such as car and home insurance.
- Ask about discounts: Many insurance providers offer discounts for things like safe driving habits, having a clean driving record, or using winter tires.
- Consider your coverage options: While it’s important to have enough coverage to protect yourself and your car, you may be able to lower your rates by choosing a lower level of coverage or by adjusting your coverage options.
- Pay your premium annually: Some insurance providers offer discounts if you pay your premium annually instead of monthly.
Oakville Car Insurance Facts
Here are some car insurance facts specific to Oakville:
- Car insurance rates in Oakville are typically lower than in larger cities like Toronto or Brampton, but they can still vary depending on a number of factors.
- The minimum amount of liability insurance required by law in Ontario is $200,000, but many drivers choose to purchase additional coverage for extra protection.
- Ontario is a no-fault insurance province, which means that each driver is covered by their own insurance company, regardless of who is at fault in an accident.
- Drivers in Oakville can take advantage of a variety of discounts and savings offered by insurance providers, such as safe driving discounts, multiple vehicle discounts, and bundling multiple insurance policies.
- It’s important to keep your driving record clean to avoid higher insurance rates, as accidents, tickets, and other violations can impact your rates.
- Many insurance providers in Oakville offer online tools and resources to help you manage your policy, make payments, file claims, and more.
Top 10 List of Best Car Insurance Companies in Oakville
Here are some of the best car insurance companies in Oakville, along with a brief description, reviews from various sources, and star ratings:
- Allstate Insurance – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as a variety of discounts.
- Google Reviews: 3.3 stars (based on 132 reviews)
- Consumer Affairs: 3.4 stars (based on 514 reviews)
- Insureye: 3.1 stars (based on 611 reviews)
- Belairdirect – Offers personalized coverage options and discounts for safe driving habits and bundling multiple insurance policies.
- Google Reviews: 2.0 stars (based on 166 reviews)
- Consumer Affairs: 1.8 stars (based on 44 reviews)
- Insureye: 2.0 stars (based on 240 reviews)
- Desjardins – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 2.8 stars (based on 32 reviews)
- Consumer Affairs: 1.8 stars (based on 10 reviews)
- Insureye: 2.4 stars (based on 88 reviews)
- State Farm – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 3.7 stars (based on 31 reviews)
- Consumer Affairs: 2.9 stars (based on 1,133 reviews)
- Insureye: 2.6 stars (based on 183 reviews)
- TD Insurance – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 2.0 stars (based on 109 reviews)
- Consumer Affairs: 1.7 stars (based on 71 reviews)
- Insureye: 2.1 stars (based on 162 reviews)
- Wawanesa Insurance – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 3.0 stars (based on 27 reviews)
- Consumer Affairs: 4.4 stars (based on 78 reviews)
- Insureye: 2.4 stars (based on 174 reviews)
- Aviva Canada – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 1.7 stars (based on 62 reviews)
- Consumer Affairs: 2.1 stars (based on 59 reviews)
- Insureye: 2.5 stars (based on 392 reviews)
- Co-operators – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 2.0 stars (based on 1 review)
- Consumer Affairs: 3.3 stars (based on 61 reviews)
- Insureye: 2.3 stars (based on 35 reviews)
- Intact Financial Corporation – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- RBC Insurance – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 2.6 stars (based on 33 reviews)
- Consumer Affairs: 1.4 stars (based on 31 reviews)
- Insureye: 2.2 stars (based on 94 reviews)
Top 10 List of Best Car Insurance Brokers in Oakville
Here are some of the best independent car insurance brokers in Oakville, along with a brief description, reviews from various sources, and star ratings:
- Insurance Hero – Offers personalized service and customized coverage options, working with a range of insurance providers to find the best rates for customers.
- Google Reviews: 4.7 stars (based on 192 reviews)
- Yelp: 5.0 stars (based on 2 reviews)
- Sound Insurance Services – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 4.6 stars (based on 32 reviews)
- Yelp: 5.0 stars (based on 2 reviews)
- Oracle RMS Insurance Brokers – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 5.0 stars (based on 5 reviews)
- Yelp: 5.0 stars (based on 1 review)
- Sterling Insurance – Offers personalized service and customized coverage options, working with a range of insurance providers to find the best rates for customers.
- Google Reviews: 5.0 stars (based on 1 review)
- Yelp: 5.0 stars (based on 1 review)
- Bond Insurance – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 4.4 stars (based on 7 reviews)
- Yelp: 5.0 stars (based on 1 review)
- Halton Insurance Brokers – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 4.6 stars (based on 8 reviews)
- Yelp: 5.0 stars (based on 2 reviews)
- AiA Insurance Brokers – Offers personalized service and customized coverage options, working with a range of insurance providers to find the best rates for customers.
- Google Reviews: 4.4 stars (based on 8 reviews)
- Yelp: 4.0 stars (based on 1 review)
- The Shepherd Group Insurance and Financial Services – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 5.0 stars (based on 1 review)
- Yelp: 5.0 stars (based on 1 review)
- Dynamic Insurance Brokers – Offers personalized service and customized coverage options, working with a range of insurance providers to find the best rates for customers.
- Google Reviews: 5.0 stars (based on 2 reviews)
- Bowring Marsh – Offers a range of coverage options, including liability, collision, and comprehensive coverage, as well as discounts for safe driving and bundling multiple insurance policies.
- Google Reviews: 3.7 stars (based on 3 reviews)
- Yelp: 5.0 stars (based on 1 review)
Tips for Drivers in Oakville
Here are some tips for drivers in Oakville that are specific to the city:
- Be aware of speed limits and traffic rules, especially in residential areas, as they can vary from one neighbourhood to another.
- Take extra care when driving near schools, as there are often designated school zones with reduced speed limits.
- Watch out for cyclists, as Oakville has a growing cycling community and many roads have designated bike lanes.
- Be prepared for winter driving conditions, as Oakville can experience snow and ice during the winter months. Make sure your vehicle is equipped with winter tires and give yourself extra time to get to your destination.
- Be aware of road construction and plan your route accordingly. Oakville has many ongoing road construction projects, particularly during the summer months.
- Avoid distracted driving, as using a mobile device while driving is illegal in Ontario. Make sure to use hands-free devices if you need to take a call or use GPS.
- Keep your vehicle maintained and make sure all lights and signals are in good working order. This will help prevent accidents and keep you safe on the road.
- Take advantage of carpooling or public transportation options to help reduce traffic congestion and lower your carbon footprint.
- Consider taking a defensive driving course to improve your skills and reduce your insurance premiums.
- Finally, make sure you have adequate car insurance coverage to protect yourself in the event of an accident. Shop around and compare rates from different providers to find the best coverage for your needs and budget.
What are the Most Dangerous Intersections in Oakville?
According to data from the Halton Regional Police Service, the most dangerous intersections in Oakville based on the number of collisions reported in 2020 are:
- Trafalgar Road and Dundas Street East – 54 collisions
- Trafalgar Road and Upper Middle Road – 43 collisions
- Trafalgar Road and Glenashton Drive – 36 collisions
- Dorval Drive and North Service Road West – 36 collisions
- Trafalgar Road and Oak Park Boulevard – 31 collisions
- Third Line and Upper Middle Road – 28 collisions
- Bronte Road and North Service Road West – 27 collisions
- Bronte Road and Wyecroft Road – 24 collisions
- Trafalgar Road and Cornwall Road – 22 collisions
- Trafalgar Road and Speers Road – 22 collisions
Total Reportable Collisions in Oakville
Here is the number of reportable collisions in Oakville from 2013 to 2021, according to data from the Halton Regional Police Service:
- 2013: 4,789
- 2014: 4,815
- 2015: 4,755
- 2016: 4,971
- 2017: 5,200
- 2018: 5,374
- 2019: 5,510
- 2020: 4,754
- 2021: Data not yet available
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.
