Car Insurance in Ontario

How to Save Without Sacrificing Coverage

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Finding the lowest rate shouldn’t be a guessing game.

Our Excalibur Defenders shop over 40 of Canada’s top insurers to find you the best balance of price, protection, and practical coverage for your unique driving profile.

Whether you need standard auto insurance, coverage for an EV, gap insurance, or solutions for high-risk or young drivers, we help you build coverage that make sense – without overselling what you don’t need.

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Whether you’re insuring a car, truck, or SUV, finding the right coverage at the right price is essential. While saving money is important, true value goes beyond just the lowest premium. That’s why we take a broader approach, helping you find the right balance of coverage, protection, and cost based on your unique driving needs.

From standard policies to specialized coverage like gap insurance, electric vehicle (EV) insurance, and solutions for high-risk or young drivers, our team works with you to build a policy that fits your situation. With access to multiple insurance providers, we compare options to ensure you’re not only getting competitive rates, but also the protection and peace of mind you deserve every time you’re on the road.

Just give us a call and speak to an Excalibur Defender

By using our Rate Reducer or by filling out a form on our website.

An Excalibur Defender will review the quote and your unique needs, to ensure you have the right coverage.

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Liked your coverage and your quote? Your Defender will send you the documents – you can even sign right from your phone. After signing, we email you your pink slip. Welcome to the Excalibur Family!

We work with over 40 of Canada’s Top Insurers to guarantee you have options.

We understand – cheap auto insurance is a must-have for hard working Ontario families on a budget. When it comes to finding you the best insurance, we look for a little more.

#1

Finding different ways to save you money

#2

Ensuring you have the coverage you need

#3

Choosing insurers with a reputation for exceptional claim service.

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Perhaps you’d like to review an instant quote on your own. We’re happy to show our hand on the coverage options available and let you Compare your 10 lowest electric car insurance rates in minutes with our self-serve quote tool.

If you see an option you like – reach out.

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Protect your Budget with Gap Insurance

Maintain the original value of your car!

With Gap Insurance, if you buy a new vehicle and it’s written off in an insurance claim, you will get reimbursed for the amount you paid for up to 7 years. If you buy a used vehicle that’s less than ten years old, Gap Insurance will reimburse you for the market value at the time you purchased for up to 5 years.

Learn more about protecting your family’s budget

Questions to Ask Your Broker

You need a broker for finding auto insurance that meets your specific needs. Here are a few questions to consider beforehand as you prepare for the discussion:

How much can you afford to pay if you get in an accident?
(To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)

What is the procedure for filing and settling a claim?
(Ask who to call and what happens after you file a claim.)

What is the insurance company’s level of service and ability to pay claims?

What discounts are available?
(Ask about good driver, multiple policy and student discounts.)

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Frequently Asked Questions

If you’ve got Auto Insurance questions – we’re here to answer them. Our team of defenders is always happy to help clarify your insurance knowledge and here are a few Tips and Frequently Asked Questions to get you started.

Which auto insurance policy is best for me?

Your insurance needs are different than those of your neighbour’s, so you need an insurance broker that recognizes that. An Excalibur Insurance broker will ask you all the questions needed to guarantee that you have the right coverage and the best auto insurance policy for your needs. Additionally, your broker will walk you through the coverage options available to you, including comprehensive coverage, collision coverage, and increased liability limits. Once you determine your optimal coverage plan, your broker can help you find the best coverage at the best price.
How do I compare auto insurance quotes in Ontario?

You could call up your prospective insurance companies and compare quotes directly, but that could take a lot of time out of your day and no one wants to spend hours of their day on the phone. A brokerage – like Excalibur – has access to many of the best auto insurance companies on the market and can compare rates for you with the same requirements in mind. This can be done quickly and hassle-free with Excalibur.
How much does auto insurance cost in Ontario?

Technically, there is no single overarching number that sums up the cost of auto insurance for every driver in Ontario. Your auto insurance rates will depend upon a few different variables, such as the make/model of the car you drive, the drivers listed on your policy, and the length of your average commute, to name a few. You can expect to pay more if you have young and experienced drivers named on your policy, drive long distances during high traffic times, and/or have experienced an accident in the past.

Excalibur has provided the following figures for you to get a better idea of how much auto insurance can cost in Ontario:

You can expect to pay an average of $1,500 year for auto insurance in Ontario.

This means you may be paying anywhere between $125 and $150 month for your auto insurance policy.
Which auto insurance company is the best?

There are dozens of car insurance companies across Ontario, that all offer different rates for auto insurance. Some companies offer discounts for young drivers, while others prioritize experience and an accident-free driving record. When you find an insurance company that goes above and beyond to meet your unique needs, it’s truly something to rave about. In fact, many people have found that same feeling about The Excalibur Insurance Group. To date, we’ve received over 400 reviews from our customers.
When should I get auto insurance?

If you are not planning on buying your own vehicle, your parents can add you to their insurance policy as an occasional driver of their vehicle. If you are planning to buy a vehicle, you need get auto insurance the same day. When you’re shopping around for a new vehicle, you can contact a broker to compare quotes on different models to find the cheapest premium for you. Once you’ve purchased a vehicle, insurance coverage is legally required before you’re able to pick up your new car from the dealership.
Why are my auto insurance rates going up?

Insurance premiums increase when the insurance industry experiences a period of time where they pay out more in claims than they receive in premiums. This is known as a “hard market.” You can learn more about why insurance premiums go up by checking out our YouTube video titled “Why Are My Insurance Rates Going Up?” or our blog titled “Why Did My Insurance Go Up?”
Is auto insurance in Ontario mandatory?

In Ontario, all drivers are required to have liability coverage. Liability coverage provides protection for bodily injury or property damage as a result of the operation of an automobile. Failing to have insurance coverage leaves you liable for any damages should an at-fault accident occur. Additionally, drivers who can’t produce proof of insurance could be faced with fines, vehicle seizure, license suspension, and criminal charges.
How much auto insurance coverage do I need in Ontario?

Every auto policy in Ontario will likely provide a minimum of $200,000 for liability coverage in Ontario, if such a claim should ever arise. This is the bare minimum that the provincial minimum coverage requirements allow. However, due to the severity of lawsuits and their frequency, many insurance carriers will recommend you carry much higher coverage limits. Discuss with your broker about what your liability limits should be.
What is an auto insurance deductible?

A deductible is the amount you pay out of pocket before the insurance company will begin to cover the cost of repairs. For example, if your deducible is $1000 and you get in an accident that cost $7500 to repair. You would pay the first $1000 to the repair shop, and your insurance would cover the remaining $6500.
How are auto insurance premiums calculated?

The cost of auto insurance premiums are calculated based on your age, gender, convictions, driving history, years of experience, distance of your commute, model of your vehicle, operating region, and more. Since there is a lot that goes into an insurance quote, premiums can change dramatically from person-to-person.
Can auto insurance be cancelled at any time?

Yes, auto insurance can be cancelled at any time. However, depending on your insurance company, you may still have to pay a portion of your premium based on how much time is left on your policy. Additionally, your insurance company can also cancel you or choose not to offer you a renewal, if you have multiple accidents, tickets, or cancellations for non-pay. Speak with a broker to determine which insurance companies will write you depending on your insurance history.
Can auto insurance companies raise rates?

Each insurance company sets their rates based on their loss experience and the make-up of their customers, including their ages, driving experience, and operating region. Since Excalibur Insurance is a brokerage, we are not responsible for setting any of the rates – we simply let customers know what rates are available to them in the market.
Why is auto insurance so expensive in Ontario?

Auto insurance rates tend to be higher in the province of Ontario. Why? Unfortunately, this is largely due to rising instances of insurance fraud, poor weather, and distracted driving cases that have risen in the last couple of years in the province. Moreover, vehicles are more expensive , vehicle repairs are more expensive , and Ontario has over 8 million licensed drivers.

If it seems like a losing battle, try not to be overwhelmed! Excalibur can offer you many ways to save on your auto insurance rates, like raising your deductible, opting for public transport where possible, and ensuring you are receiving all of the eligible discounts.
Will auto insurance cover…?:

An Unlicensed Driver – If you do not have a driver’s license, you cannot purchase auto insurance in Ontario.

Stolen Items – If your vehicle is broken into and the thief makes off with your backpack, GPS, laptop, or other items, your claim is not covered by your auto insurance. Since property was stolen from your vehicle, your claim would fall under your home or property insurance.

Windshield Replacement – Comprehensive insurance coverage will replace a broken windshield, subject to your deductible .

Vandalism – Comprehensive insurance coverage will cover vandalism to your vehicle.

Engine Failure – No, engine failure is not covered by your auto insurance policy, because it is often caused by improper maintenance of your vehicle.

Pre-Existing Damage – Pre-existing damage to your vehicle is not covered by your auto insurance policy.

Medical Bills – The Accident Benefits portion of your auto insurance policy will cover medical bills, up-to a specific limit, in the event you are injured in a car accident.

Hail Damage – Comprehensive insurance coverage will repair your vehicle in the event of hail damage.
What does full coverage mean?

Full coverage typically refers to an auto insurance policy that includes a combination of liability coverage, comprehensive coverage and collision coverage.

Liability coverage: This covers bodily injury and property damage that you may cause to others in an accident for which you are deemed at fault. It typically includes both bodily injury liability (which covers medical expenses, lost wages, and legal fees) and property damage liability (which covers repairs or replacement of the other party’s vehicle or property).

Comprehensive coverage: This covers damage to your vehicle caused by incidents other than a collision, such as theft, windstorm, fire, vandalism, falling objects, and hitting an animal.

Collision coverage: This covers damage to your own vehicle when it is involved in a collision with another vehicle or a stationary object.

Keep in mind that the specifics of what “full coverage” entails can vary depending on the insurance company and the policy options you select. Additionally, full coverage doesn’t necessarily mean you’re covered for every possible scenario; there will always be limitations and exclusions in your policy.
What is a high risk driver?

Being a high-risk driver typically means that insurance companies consider you more likely to be involved in an accident or have a claim compared to the average driver. Several factors can contribute to being classified as a high-risk driver, including:

Driving Record: If you have a history of traffic violations, such as speeding tickets, distracted driving, impaired driving, or at-fault accidents, insurance companies will view you as a high-risk driver.

Young Age or Inexperience: Younger drivers, especially teenagers, are often considered high-risk due to their lack of driving experience. Insurance companies may also classify individuals with limited driving experience as high-risk.

Driving Habits: If you have a history of frequent insurance claims or driving long distances regularly, insurers may consider you a higher risk.

Previous Insurance Claims: If you have a history of filing multiple insurance claims, regardless of fault, insurance companies will view you as high-risk.

Lapse in coverage: If you have gone without car insurance for a period of time, it can be harder to get affordable coverage again.
Being classified as a high-risk driver typically results in higher insurance premiums compared to other drivers. However, there are still insurance options available for high-risk drivers, including specialized high-risk insurance companies or government-run insurance pools.

These options may offer coverage at higher rates but can help ensure that you are still legally insured to drive. Improving your driving record and maintaining a clean driving history, will reduce your risk profile over time and lower your insurance premiums.
What happens if an uninsured driver hits you in Ontario?

In Ontario, it is mandatory to have Uninsured Automobile Coverage which covers injuries and vehicle damage, in the event of an accident with an uninsured driver or a hit-and-run. Optional Accident Benefits also cover your injuries regardless of fault. If you have Collision Coverage, your vehicle damage from a known uninsured driver is covered (after you pay your deductible). Uninsured drivers face hefty fines, license suspension, and are liable for your damages. Ontario law protects insured drivers in these situations through their own policies.
What car insurance coverages are optional in Ontario?

In Ontario, the following car insurance coverages are optional:

– Collision Coverage

– Comprehensive Coverage

– Specified Perils

– All Perils (Collision Coverage, Comprehensive Coverage, Plus Additional Perils)

– Increased Third-Party Liability Limits

– Increased Accident Benefits

– OPCF Endorsements
What is accident benefits coverage in Ontario?

The Accident Benefits portion of your auto insurance policy will cover medical bills, up-to a specific limit, in the event you are injured in a car accident, regardless of who was at fault for the accident. Coverage includes medical and rehabilitation expenses, income replacement (if you are unable to work), non-earner benefits (if you are unemployed and unable to function), caregiver benefits, housekeeping for severe injuries, and death/funeral benefits. Policy limits and eligibility criteria may apply, with strict time limits for claims. You also have the option of increasing your accident benefits to a higher limit. This coverage acts as a safety net to aid recovery following an auto accident.