These are the Toronto neighbourhoods with the most expensive car insurance

Jan 7 2021, 9:18 pm

A new report shows that some Torontonians are paying much higher car insurance rates than their downtown-dwelling neighbours.

According to Rates.ca, the average premium in Toronto in 2020 was $2,201 — a 12.9% increase from 2018. However, residents in the city’s outskirts are paying almost $1,000 more each year.

“With rates continuing to creep up despite the reductions and rebates offered by insurers in 2020 because of COVID-19, some Toronto drivers may be feeling the financial squeeze more than others,” the report reads.

Rates.ca’s Insuramap shows that the highest car insurance rates in Toronto can be found in several Scarborough neighbourhoods. The rate estimates are based on a 35-year-old who drives a 2017 Honda Civic and has a clean driving record.

Car insurance Toronto

Rates.ca

Drivers living in Scarborough-Rouge Park, Scarborough-Guildwood, Scarborough Centre, and Scarborough North face an estimated premium of $3,000.

Tied for second place on the list are Humber River-Black Creek and Etobicoke North, which both have an estimated premium of $2,864. York Centre comes in third with $2,593.

The cheapest rate in the city is $1,695. The low cost can be found in several neighbourhoods including Don Valley West, Toronto-St. Paul’s, University-Rosedale, and Eglinton-Lawrence.

The website reasons that the higher rates found in Etobicoke, York, North York, and Scarborough are due to residents in those areas relying on their cars more than those living in downtown or midtown do.

According to Toronto’s Vision Zero plan, only 32% of Toronto and East York residents rely on a car to get around. The number jumps to 65% in Scarborough and North York, and to 70% in Etobicoke and York.

In addition to where you live, Rates.ca lists several other factors that can influence your car insurance premium, including your age, gender, marital status, the type of vehicle you drive, and your driving record.

The 10 cities with the most expensive care insurance in Ontario can all be found in the GTHA. Brampton takes the top spot with an estimated premium of $2,698. Toronto’s aforementioned $2,201 sees it place sixth.

The wards with the most expensive car insurance in Toronto are as follows:

Ward Postal Code Starting With Borough Estimated Premium
Scarborough-Rouge Park, Scarborough-Guildwood, Scarborough Centre, Scarborough North M1B, M1J, M1X Scarborough $3,000
Humber River-Black Creek M3J, M3N, M9L, M9M North York $2,864
Etobicoke North M9V Etobicoke $2,864
York Centre M3H North York $2,593
Scarborough Southwest, Scarborough Centre, Scarborough-Agincourt, Scarborough North M1K, M1S, M1T, M1V Scarborough $2,529
Scarborough-Guildwood, Scarborough-Centre M1G, M1H, M1P Scarborough $2,491
Humber River-Black Creek, York Centre, York-South Weston M3L, M3M, M6M North York $2,463
York-South Weston, Davenport M6N Toronto $2,463
York-South Weston M9N North York $2,463
Etobicoke North M9W Etobicoke $2,463

Zoe DemarcoZoe Demarco

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