Let’s face it—car insurance in Ontario isn’t cheap. We pay some of the highest premiums in the country, and for many drivers, it feels like those rates just keep going up. But here’s the good news: there are proven, practical ways to lower your auto insurance bill without cutting the coverage you need.
As an independent brokerage, Regal Insurance works with drivers every day to reduce premiums, unlock hidden discounts, and build smarter policies. In this guide, we’ve rounded up 12 real-world strategies that can help you save on car insurance in Ontario—whether you’re a new driver, a daily commuter, or somewhere in between.
Ontario drivers often ask: why are our rates so high compared to other provinces? The answer comes down to three key factors:
Ontario has a higher volume of claims and a long-standing problem with insurance fraud, particularly staged collisions and inflated bodily injury claims.
More drivers, more congestion, more accidents. Cities like Toronto and Brampton experience some of the highest claim volumes in the country.
Ontario has mandatory accident benefits and liability limits that increase the baseline cost of every policy.
Auto insurance is a must, but overpaying isn’t. Whether you’re a seasoned driver or insuring your first car, there are plenty of ways to lower your premium without cutting corners on coverage. From policy tweaks to driving habits, here are 12 practical strategies that can help you save money and stay protected on the road.
Insurance rates vary widely from one provider to another. Brokers like Regal Insurance can compare quotes across multiple insurers and find you the best fit—not just the lowest number.
Bundling policies with the same provider often triggers discounts of 10–20%. If you own or rent a home, combining policies is one of the fastest ways to cut costs.
The make, model, year, and even trim level of your car can significantly impact your rate. Sports cars and luxury vehicles cost more to insure. Practical sedans, hybrids, or vehicles with high safety ratings can lower premiums.
Raising your deductible from $500 to $1,000 or even $2,500 can lead to big savings—if you’re financially comfortable covering that cost out of pocket in the event of a claim.
Cars with factory or aftermarket anti-theft systems often qualify for reduced premiums. A GPS tracker, steering wheel lock, or immobilizer can cut your comprehensive rate.
UBI programs use a mobile app or plug-in device to track your driving habits. If you’re a safe, low-mileage driver, you could save up to 25% based on performance data.
Paying your full premium upfront can save you money on financing charges or administrative fees many insurers add to monthly billing.
Avoiding tickets, claims, and at-fault accidents is the surest way to keep your premiums low. Most insurers reward long-term clean drivers with loyalty or conviction-free discounts.
Especially helpful for young or new drivers, a Ministry-approved training course can lead to significant savings. Ask your broker which certifications are recognized by your insurer.
Driving an older vehicle? You may not need collision or comprehensive coverage anymore. Evaluate your car’s value annually and cut add-ons that no longer make financial sense.
Some optional coverages, like OPCF 20 (loss of use) or OPCF 43 (waiver of depreciation), may cost a bit more upfront but can save you thousands in a claim.
Don’t set it and forget it. Rates change, life changes. Review your policy with a broker every year to find new savings, remove outdated info, or adjust for life milestones (e.g. marriage, moving, job changes).
A Toronto-based client was paying $2,700/year for car insurance. After reviewing her policy, we:
Her new premium? $2,100—a $600 savings in 30 minutes.
At Regal Insurance, we believe every Ontario driver deserves the right coverage—at the right price. Our licensed brokers will review your needs, shop multiple insurers, and unlock every discount you qualify for.
Want to lower your car insurance bill? Reach out today and let’s see how much you could save.
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