How Are Auto Insurance Rates Calculated in Ontario?

Calculating auto insurance rates can seem mysterious, but there are clear factors at play.

Insurers in Ontario calculate rates based on your driving history, the type of car you drive, where you live, and how much you drive, among other risk assessment factors. Legislative changes and industry trends can also influence rates.

To understand how you can affect these factors, visit our Rate Factors Explained page.

If you’re looking to optimize your insurance rates, our advisors can help you understand and improve your risk profile.

While many factors influencing insurance rates are outside your control, some can be managed to help reduce costs.