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Car insurance in Toronto, explained before you compare
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What drives car insurance prices in Toronto
Toronto is Ontario's largest city, with about 2.8 million people at the 2021 Census, and its insurance prices reflect that density: more traffic and more vehicles to steal. A published 2026 comparison puts Toronto's average quote at $2,348 a year, above that comparison's Ontario average of $2,132.
The biggest local factor of the past few years has been theft. Toronto had the costliest auto theft claims of any Ontario city in 2025, even after thefts fell from a 2023 peak. Insurers price that risk by postal code and by vehicle model, so two drivers with the same record can see very different quotes in different parts of the city.
Toronto car insurance by the numbers
- Average annual quote in Toronto: $2,348, up 5.3% from the year before (35-year-old married driver, clean record, six common models). (MyChoice 2026 market overview, Sept 2026)
- Toronto ranked first in Ontario for auto theft claims costs in 2025 at $114.5 million, up 253% since 2017. (IBC costliest cities for auto theft, 2025 claims)
- Reported vehicle thefts fell from a record 12,592 in 2023 to 9,664 in 2024 and 7,305 in 2025. (Toronto Police data via blogTO, May 2026)
- Across Ontario, the regulator's average annual premium for private passenger vehicles was $2,218 over the 12 months to June 2026, up from $2,006 in October 2024. (FSRA average premium, June 2026)
- Every Ontario policy must include at least $200,000 in third-party liability, plus statutory accident benefits and uninsured automobile coverage. (FSRA standard policy)
- For new policies starting on or after July 1, 2026, only medical, rehabilitation and attendant care benefits are mandatory; income replacement, caregiver and housekeeping benefits became optional. (FSRA standard policy)
Before you compare quotes in Toronto
- Since July 1, 2026, income replacement and some other accident benefits are optional on new policies. Ask the broker what dropping them would save and what you'd give up, especially if you rely on your paycheque.
- Ask whether a tracking device or other anti-theft measure changes your price; some insurers treat high-theft models differently.
- Have each driver's licence history, any claims or tickets from the last six years, and your current renewal ready so quotes are accurate.
- Compare the same limits and deductibles across quotes; a lower price with $200,000 liability isn't comparable to one with $2 million.
Local facts last reviewed October 2026. Figures are published averages and public data, not quotes; your premium depends on your own details.
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- There’s no obligation to continue the conversation or purchase coverage.
Simple Insurance is not an insurer or a broker. We connect you with licensed Ontario insurance professionals, who may compensate us for the introduction. Coverage decisions, pricing, and advice happen directly between you and the professional who contacts you.
How it works
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Frequently asked questions
Is this an instant insurance quote?
No. This is a request to be connected with an insurance professional who can help you compare options.
Is there any obligation?
No. Submitting a request does not obligate you to buy insurance.
What information do I need to provide?
Only basic contact information, your region, the type of insurance you are interested in, and your timeline.
Who will contact me?
A relevant insurance professional or partner may contact you based on your request.
Do you guarantee savings?
No. Savings depend on your profile, coverage needs, provider, and market conditions.
Why is car insurance more expensive in Toronto than elsewhere in Ontario?
Insurers price by claims in your area. Toronto combines heavy traffic with the highest auto theft claims costs in the province, so average quotes run above the Ontario average.
Has falling car theft lowered Toronto premiums yet?
Thefts dropped sharply in 2024 and 2025, but published averages still rose in 2026. Rates follow claims costs with a lag, so ask a broker how your insurer is treating your vehicle model now.
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