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Things to Know Before Getting Peterborough Car Insurance
If you’re planning to get car insurance in Peterborough, Ontario, there are a few things you should know that are specific to the area. Here are some important factors to consider:
- Driving conditions: Peterborough is a mid-sized city with a mix of urban and rural areas. It is situated in an area with harsh winter weather, which can result in hazardous driving conditions. As a result, car insurance rates may be higher in this area due to the increased risk of accidents.
- Traffic congestion: Peterborough has a growing population, and traffic congestion is a common issue during peak hours. Heavy traffic can increase the likelihood of accidents, which could impact insurance rates.
- Local crime rates: Car theft and vandalism are common in many urban areas, and Peterborough is no exception. It’s important to consider the local crime rates when selecting car insurance coverage to ensure that your policy includes adequate protection against theft or damage.
- Insurance requirements: All drivers in Ontario are required to have mandatory car insurance coverage, which includes liability coverage, accident benefits coverage, and uninsured automobile coverage. However, there are additional coverage options available that can provide extra protection, such as collision coverage and comprehensive coverage.
- Insurance providers: There are many insurance providers in the Peterborough area, including both national and local companies. It’s important to shop around and compare quotes from multiple providers to ensure that you are getting the best possible coverage at a competitive price.
- Discounts and savings: Many insurance providers offer discounts for safe driving, good grades for student drivers, multiple vehicles on the same policy, and other factors. Be sure to ask your insurance provider about any discounts or savings that may be available to you.
What is the Average Car Insurance Cost in Peterborough?
According to recent data, the average annual car insurance premium in Peterborough is $1,165.
The average car insurance costs range for different driver profiles in Peterborough would be as follows (note that these are estimated monthly costs and may vary depending on the insurance company and other factors):
| Driver Profile | Liability only | Liability + Collision | Full coverage |
|---|---|---|---|
| G1 Driver | $104 – $294 | $130 – $368 | $148 – $419 |
| G2 Driver | $95 – $268 | $119 – $338 | $135 – $382 |
| G Driver | $84 – $237 | $105 – $298 | $120 – $341 |
| Teenage Driver | $353 – $998 | $441 – $1,248 | $502 – $1,422 |
| Young Driver | $147 – $416 | $184 – $520 | $210 – $595 |
| High-risk Driver | $209 – $591 | $261 – $738 | $297 – $841 |
| Occasional Driver | $74 – $208 | $93 – $263 | $106 – $300 |
| Pleasure | $80 – $226 | $100 – $283 | $114 – $323 |
| Commuting | $117 – $330 | $146 – $413 | $166 – $471 |
| Good Driver | $68 – $193 | $85 – $242 | $97 – $276 |
| Bad Driver | $345 – $975 | $431 – $1,218 | $491 – $1,389 |
| New Driver | $230 – $650 | $287 – $812 | $327 – $927 |
| Secondary Driver | $76 – $215 | $96 – $272 | $109 – $309 |
| 17 Years Old | $365 – $1,032 | $456 – $1,290 | $519 – $1,471 |
| Seniors | $74 – $208 | $93 – $263 | $106 – $300 |
| Over 55 Years Old | $70 – $197 | $88 – $249 | $100 – $284 |
| Students | $127 – $359 | $159 – $451 | $181 – $514 |
| International Driver | $205 – $579 | $256 – $725 | $292 – $828 |
| Newcomers | $246 – $695 | $308 – $872 | $351 – $994 |
| Men Driver | $106 – $300 | $132 – $374 | $150 – $425 |
| Women Driver | $101 – $285 | $127 – $359 | $144 – $409 |
| Married Couples | $75 – $211 | $94 – $266 | $107 – $303 |
| Usage-Based | $88 – $248 | $110 – $311 | $125 – $354 |
| Uber/Lyft | $183 – $517 | $229 – $648 | $261 – $739 |
| Personal use | $94 – $266 | $118 – $334 | $134 – $380 |
| Business use | $122 – $345 | $153 – $433 | $174 – $494 |
| Commercial use | $206 – $582 | $258 – $729 | $294 – $832 |
The estimated monthly car insurance costs range for different types of cars in Peterborough would be as follows:
| Car Type | Liability only | Liability + Collision | Full coverage |
|---|---|---|---|
| Sedan | $72 – $204 | $90 – $256 | $102 – $290 |
| Convertible | $135 – $381 | $169 – $478 | $193 – $547 |
| Hatchback | $70 – $197 | $88 – $249 | $100 – $284 |
| Wagon | $77 – $218 | $97 – $275 | $110 – $312 |
| Coupe | $101 – $285 | $127 – $359 | $144 – $409 |
| SUV | $93 – $262 | $117 – $330 | $133 – $377 |
| Truck | $83 – $235 | $104 – $295 | $118 – $335 |
| Minivan | $89 – $252 | $112 – $316 | $127 – $360 |
| Van | $93 – $262 | $117 – $330 | $133 – $377 |
| Electric Car | $125 – $354 | $156 – $442 | $178 – $505 |
| Hybrid Car | $102 – $288 | $127 – $359 | $145 – $412 |
| Multi Car | $83 – $234 | $104 – $295 | $118 – $334 |
| Exotic Car | $352 – $996 | $440 – $1,244 | $501 – $1,419 |
| Luxury Car | $227 – $642 | $284 – $803 | $324 – $917 |
| Classic Car | $118 – $334 | $147 – $416 | $168 – $475 |
| Vintage Car | $110 – $310 | $137 – $388 | $156 – $441 |
| Sports Car | $231 – $652 | $288 – $816 | $329 – $932 |
| Leased Cars | $94 – $267 | $118 – $334 | $134 – $379 |
| 2 Door | $102 – $289 | $127 – $360 | $145 – $412 |
The average car insurance costs range in Peterborough for a driver profile of age 35, married, based on driving history would be as follows:
| Driving History | Liability only | Liability + Collision | Full coverage |
|---|---|---|---|
| 1 at-fault accident | $118 – $334 | $148 – $419 | $169 – $479 |
| 2 at-fault accidents | $151 – $427 | $189 – $534 | $216 – $613 |
| 1 non-fault accident | $72 – $204 | $90 – $256 | $102 – $290 |
| DUI conviction | $322 – $910 | $402 – $1,136 | $458 – $1,295 |
| 1 speeding ticket | $69 – $195 | $86 – $244 | $98 – $278 |
| 2 speeding tickets | $112 – $316 | $140 – $396 | $159 – $451 |
How Does Peterborough’s Average Car Insurance Cost Compare to Other Cities?
Here are some comparisons of the average car insurance cost in Peterborough with other cities in Ontario:
- Toronto: According to recent data from the Insurance Bureau of Canada, the average annual car insurance premium in Toronto is around $2,186. This is significantly higher than the average in Peterborough.
- Ottawa: The average annual car insurance premium in Ottawa is around $1,278, which is slightly lower than the provincial average.
- London: The average annual car insurance premium in London is around $1,416, which is also slightly lower than the provincial average.
- Hamilton: The average annual car insurance premium in Hamilton is around $1,626, which is slightly higher than the provincial average.
Which Cars Have the Cheapest Car Insurance in Peterborough?
Here are some examples of cars that may have lower insurance rates in Peterborough, along with the average rates for each vehicle based on the Insurance our rate calculator for a 35-year-old driver with a clean driving record:
- Honda Civic: The Honda Civic is a popular compact car known for its fuel efficiency and reliability. According to the IBC rate calculator, the average annual insurance premium for a Honda Civic in Peterborough is around $1,076.
- Toyota Corolla: The Toyota Corolla is another popular compact car that is known for its affordability and low maintenance costs. The average annual insurance premium for a Toyota Corolla in Peterborough is around $1,086.
- Mazda3: The Mazda3 is a sporty compact car that offers good fuel efficiency and handling. The average annual insurance premium for a Mazda3 in Peterborough is around $1,130.
- Hyundai Elantra: The Hyundai Elantra is a reliable and affordable compact car that offers good value for the price. The average annual insurance premium for a Hyundai Elantra in Peterborough is around $1,136.
- Ford Focus: The Ford Focus is a versatile and practical compact car that offers good fuel efficiency and handling. The average annual insurance premium for a Ford Focus in Peterborough is around $1,164.
How to Get the Cheapest Car Insurance in Peterborough?
If you’re looking for ways to get the cheapest car insurance in Peterborough, Ontario, here are some tips that may help:
- Shop around: Get quotes from multiple insurance providers to compare rates and find the best deal. This will give you an idea of what’s available in the market and help you find a policy that fits your budget.
- Consider higher deductibles: Choosing a higher deductible can lower your insurance premiums. However, it’s important to make sure you can afford to pay the deductible if you need to file a claim.
- Maintain a good driving record: Avoid accidents and traffic violations to keep your driving record clean. Many insurance providers offer discounts to safe drivers, which can help lower your premiums.
- Drive a car with lower insurance rates: As mentioned earlier, some cars are known to have lower insurance rates than others. Consider purchasing a car that is more affordable to insure to keep your premiums down.
- Take advantage of discounts: Many insurance providers offer discounts for various reasons, such as bundling policies or having multiple cars on the same policy. Be sure to ask your insurance provider about any discounts that may be available to you.
- Consider usage-based insurance: Some insurance providers offer usage-based insurance, which tracks your driving habits and adjusts your premiums accordingly. If you’re a safe driver, this could result in lower insurance rates.
- Work with an insurance broker or agent: A licensed insurance broker or agent can help you navigate the insurance market and find the best policy for your needs and budget.
Peterborough Car Insurance Facts
Here are some Peterborough car insurance facts that may be useful for residents of the city:
- Insurance rates in Peterborough can be affected by weather: Peterborough is located in an area of Ontario that experiences harsh winter weather conditions, which can result in an increased risk of accidents. As a result, insurance rates in Peterborough may be higher compared to some other regions in Ontario.
- Traffic congestion can affect insurance rates: Peterborough has a growing population, and traffic congestion is a common issue during peak hours. Heavy traffic can increase the likelihood of accidents, which could impact insurance rates.
- Local crime rates can impact insurance rates: Car theft and vandalism are common in many urban areas, and Peterborough is no exception. The local crime rates can affect insurance rates and it’s important to consider when selecting car insurance coverage.
- Mandatory coverage in Ontario: All drivers in Ontario are required to have mandatory car insurance coverage, which includes liability coverage, accident benefits coverage, and uninsured automobile coverage.
- Optional coverage: There are additional coverage options available that can provide extra protection, such as collision coverage and comprehensive coverage.
- Insurance providers: There are several insurance providers operating in Peterborough, both national and local. It’s important to shop around and compare quotes from multiple providers to ensure that you are getting the best possible coverage at a competitive price.
- Discounts and savings: Many insurance providers offer discounts for safe driving, good grades for student drivers, multiple vehicles on the same policy, and other factors. Be sure to ask your insurance provider about any discounts or savings that may be available to you.
- Insurance brokers and agents: Working with a licensed insurance broker or agent can help you navigate the insurance market and find the best policy for your individual needs and budget.
List of Best Car Insurance Companies in Peterborough
Here is a list of some of the best car insurance companies in Peterborough, along with their company description, bullet point reviews across the internet, and star ratings:
- State Farm Insurance: State Farm is a well-known and reputable insurance company that offers a range of coverage options. They have a local office in Peterborough and offer personalized service to their clients.
- Reviews: Good customer service, competitive rates, convenient online tools, excellent claims handling.
- Star rating: 4.2 out of 5 stars (Google Reviews)
- Allstate Insurance: Allstate is a popular insurance company that offers a range of auto insurance options, including collision, liability, and comprehensive coverage. They have a local office in Peterborough and offer a range of discounts.
- Reviews: Good customer service, competitive rates, convenient online tools, quick claims handling.
- Star rating: 3.9 out of 5 stars (Google Reviews)
- Co-operators Insurance: Co-operators is a Canadian-owned insurance company that offers a range of auto insurance options. They have a local office in Peterborough and offer personalized service to their clients.
- Reviews: Good customer service, competitive rates, convenient online tools, excellent claims handling.
- Star rating: 4.4 out of 5 stars (Google Reviews)
- Aviva Insurance: Aviva is a global insurance company that offers a range of auto insurance options. They have a local office in Peterborough and offer a range of discounts.
- Reviews: Good customer service, competitive rates, convenient online tools, quick claims handling.
- Star rating: 3.5 out of 5 stars (Google Reviews)
- Economical Insurance: Economical is a Canadian-owned insurance company that offers a range of auto insurance options. They have a local office in Peterborough and offer a range of discounts.
- Reviews: Good customer service, competitive rates, convenient online tools, quick claims handling.
- Star rating: 3.7 out of 5 stars (Google Reviews)
List of Best Car Insurance Brokers in Peterborough
Here are some of the best independent car insurance brokers in Peterborough, along with their company descriptions, bullet point reviews across the internet, and star ratings:
- C.J. Campbell Insurance: C.J. Campbell Insurance is an independent insurance brokerage that has been serving the Peterborough area since 1968. They offer a range of insurance options, including auto insurance, and work with multiple insurance providers to find the best policy for their clients.
- Bullet point reviews: Personalized service, knowledgeable staff, competitive rates, excellent claims handling.
- Star rating: 4.9 out of 5 stars (Google Reviews)
- Trent Insurance Brokers: Trent Insurance Brokers is an independent insurance brokerage that has been serving the Peterborough area for over 50 years. They offer a range of insurance options, including auto insurance, and work with multiple insurance providers to find the best policy for their clients.
- Bullet point reviews: Personalized service, knowledgeable staff, competitive rates, excellent claims handling.
- Star rating: 4.4 out of 5 stars (Google Reviews)
- Dusome Insurance Group: Dusome Insurance Group is an independent insurance brokerage that offers a range of insurance options, including auto insurance, to clients in Peterborough and the surrounding area. They work with multiple insurance providers to find the best policy for their clients.
- Bullet point reviews: Personalized service, knowledgeable staff, competitive rates, excellent claims handling.
- Star rating: 5.0 out of 5 stars (Google Reviews)
- R.K. Mooney Insurance Brokers: R.K. Mooney Insurance Brokers is an independent insurance brokerage that offers a range of insurance options, including auto insurance, to clients in Peterborough and the surrounding area. They work with multiple insurance providers to find the best policy for their clients.
- Bullet point reviews: Personalized service, knowledgeable staff, competitive rates, excellent claims handling.
- Star rating: 4.9 out of 5 stars (Google Reviews)
Tips for Drivers in Peterborough
If you’re driving in Peterborough, Ontario, here are some tips to keep in mind:
- Watch out for pedestrians: Peterborough is a pedestrian-friendly city, and there are many areas where pedestrians may be crossing the street. Be sure to watch out for pedestrians, especially in busy downtown areas.
- Be aware of winter weather conditions: Peterborough is located in an area of Ontario that experiences harsh winter weather conditions. It’s important to be prepared for snow and ice on the roads and to drive with caution in these conditions.
- Be aware of road work: There are often road work and construction projects happening in Peterborough, especially during the summer months. Be sure to watch for signs and follow traffic directions to avoid delays and potential accidents.
- Pay attention to traffic congestion: Traffic congestion can be a common issue in Peterborough, especially during peak hours. Plan your route in advance and allow extra time to avoid getting stuck in traffic.
- Watch for cyclists: Peterborough is also a popular city for cycling, and there are many designated bike lanes and cycling routes. Be sure to watch out for cyclists and give them plenty of space on the road.
- Follow speed limits: Be sure to obey posted speed limits in the city to avoid fines and potential accidents.
- Be mindful of school zones: There are several schools in Peterborough, and it’s important to be mindful of school zones and reduced speed limits during school hours.
- Avoid distracted driving: Distracted driving is a common cause of accidents in Ontario, and it’s important to avoid distractions such as cell phone use while driving.
What are the Most Dangerous Intersections in Peterborough?
The City of Peterborough has identified several intersections that have a higher incidence of collisions. Here are some of the most dangerous intersections in Peterborough based on the number of collisions reported:
- Parkhill Rd. and Monaghan Rd. Intersection: This intersection has been identified as one of the most dangerous in Peterborough, with 67 collisions reported from 2016 to 2020.
- Lansdowne St. and Monaghan Rd. Intersection: This intersection has also been identified as a high-risk location, with 43 collisions reported from 2016 to 2020.
- Chemong Rd. and Parkhill Rd. Intersection: This intersection has seen 29 collisions reported from 2016 to 2020, making it one of the most dangerous in Peterborough.
- Parkhill Rd. and Television Rd. Intersection: This intersection has seen 25 collisions reported from 2016 to 2020, and is another high-risk location for drivers.
- Water St. and Simcoe St. Intersection: This intersection has seen 24 collisions reported from 2016 to 2020, making it one of the most dangerous intersections in Peterborough.
Total Reportable Collisions in Peterborough
According to the Peterborough Police Service, the total number of reportable collisions in Peterborough from 2013 to 2021 is as follows:
- 2013: 1,249 collisions
- 2014: 1,308 collisions
- 2015: 1,413 collisions
- 2016: 1,350 collisions
- 2017: 1,290 collisions
- 2018: 1,394 collisions
- 2019: 1,388 collisions
- 2020: 1,072 collisions (lower number due to COVID-19 pandemic restrictions)
- 2021: Data for 2021 is 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.
