The cost of car insurance will vary across Canada. Some provinces pay much more for car insurance than other provinces. Below you will see the average monthly cost of what each province and territory pays for car insurance.
Ontario has the highest car insurance rates in Canada. On average a driver in Ontario will pay a monthly rate between $120 to $245 depending on what part of the province you live in. Each year the monthly average car insurance rate will change as, under the rules and regulations, insurance companies can apply for rate changes once a quarter. The reason Ontario has the highest car insurance rates is that Ontario has a higher average cost in insurance claims. Ontario rates are also higher due to a higher number of insurance frauds in the province. These factors directly affect Ontario car insurance premiums for every driver.
Car insurance in Quebec is unique compared to other provinces in Canada. Quebec is the only province in Ontario that uses both public and private car insurance at the same time. Private car insurance in Quebec covers property damage while public car insurance in Quebec covers personal injury. On average Quebec, drivers pay $75 per month for car insurance. Public car insurance in Quebec is included in drivers licence fees, covers bodily injury or death sustained in an automobile accident in Quebec and anywhere else in the world, and is provided by the Societe de l’assurance automobile du Québec.
Manitoba car insurance is provided by Manitoba Public Insurance, a provincial agency. Manitoba Public Insurance has an online car insurance calculator tool that can be used to obtain an insurance quote. The average monthly cost for car insurance in Manitoba is $147. Manitoba like Ontario operates under a no-fault insurance system. Each driver receives claim compensation from their respective insurance plans no matter who is at fault. Autopac is the province’s sole provider for car insurance in Manitoba as private car insurance companies do not operate there. There are more than 300 car insurance brokers in Manitoba licenced to sell Autopac.
Saskatchewan drivers have mandatory vehicle registration and insurance program. The sole supplier of car insurance in Saskatchewan is the provincial government. Saskatchewan Government Insurance provides car insurance to Saskatchewan drivers and is a self-sustaining Crown corporation. Car insurance in Saskatchewan is approximately $220 higher than the national average. The average monthly cost of car insurance in Saskatchewan is $118. Saskatchewan has many long prairie roads connecting different destinations. Unlike some other provinces, Saskatchewan drivers do not have the luxury of shopping around for car insurance. Drivers must pay what the provincial auto insurance agency, Saskatchewan Government Insurance states they must pay.
Unlike Saskatchewan, Alberta drivers have the luxury of shopping around for car insurance. On average Alberta, drivers pay approximately $140 per month for car insurance. Mandatory car insurance in Alberta includes $200,000 in third-party liability and $50,000 in accident benefits. Alberta drivers have the liberty of choosing a private insurance provider that can best meet their car insurance needs.
In British Columbia, all drivers must have the ICBC’s Basic Autoplan insurance sold through a provincial Autoplan broker. However, BC drivers also have the option of purchasing additional coverage through private insurance providers. Drivers in British Columbia pay approximately $153 per month for car insurance.
Newfoundland and Labrador
If you are a driver in Newfoundland and Labrador you will be paying the highest car insurance premiums in the Maritimes and Atlantic Canada. On average a driver will pay a monthly cost of $100 in Newfoundland and Labrador. The reason car insurance is so high in Newfoundland and Labrador compared to other provinces in the Maritimes and Atlantic Canada is due to the fact their claims for bodily injuries are much higher and the number of lawsuits also drives premiums up.
Prince Edward Island
Prince Edward Island drivers pay the 2nd lowest car insurance rates in Canada. There is no public car insurance available in Prince Edward Island, only private car insurance is available. Prince Edward Island follows a no-fault insurance program. On average Prince Edward Island, drivers pay $78 per month for car insurance.
The average cost for car insurance in Nova Scotia is approximately $112 per month. Mandatory third-party liability coverage is $500,000 in Nova Scotia, whereas in other provinces mandatory third-party liability coverage is only $200,000. Nova Scotia also follows a no-fault insurance program. Nova Scotia has many beautiful scenic routes that can be enjoyed by Nova Scotia residents and visitors.
On average a New Brunswick driver will pay approximately $95 per month for car insurance. New Brunswick drivers are very fortunate as they pay one of the lowest insurance rates in Canada. New Brunswick drivers also have the luxury of shopping around to obtain the best possible rates and coverage. The winter season in New Brunswick requires the best car insurance New Brunswick drivers can get.
Car insurance in Nunavut can be purchased through private insurance companies and brokers. The government of Nunavut is not the territory’s car insurance administrator. Prior to that, the Northwest Territories provided car insurance administration for Nunavut. The average monthly cost for car insurance in Nunavut is approximately $98 per month. There is no public insurance available in Nunavut.
On average drivers in the Northwest Territories pay $112 per month for car insurance. Northwest Territory drivers have the luxury of shopping around for car insurance as they operate under a private insurance market. There are several insurance providers to choose from in the Northwest Territories.
Drivers in the Yukon Territory can expect to pay an average of $88 per month for car insurance. The Yukon government does not provide car insurance. Yukon drivers must obtain their car insurance from private insurance companies. Guidelines for car insurance in the Yukon can be found at the Yukon Highways and Public Works, Motor Vehicles Division.