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Auto Insurance

Welcome to your car insurance guide for Guelph, ON. This page will inform you about average car insurance rates, savings opportunities, car insurance myths, and much more. You will also have an opportunity to get a car insurance quote from 30+ Canadian insurers and explore many other useful tips when choosing car insurance protection in Guelph.

What are typical Car Insurance rates in Ontario?

Here are some car insurance average rates to give you an idea of insurance prices in Ontario and in Canada. The first chart shows rate comparisons across several Canadian provinces. The second chart shows differences in car insurance premiums for drivers of different ages. Note that the differences can be quite considerable.

Overall, consumers in Guelph and Ontario spend more on auto insurance than any other Canadian province. Despite government efforts to drive down auto insurance rates in Ontario, rates are still over-proportionally high when compared to the rest of Canada.

Car insurance rates in Guelph are not as expensive as the rates in Toronto, Mississauga, Hamilton, or Burlington. At the same time, however, rates in Guelph remain higher than in many other provinces. Average car insurance in Guelph costs between $90 and $110 per month. These rates can strongly vary case by case depending on numerous factors such your driving history, policy type, car make/model, and other factors.

Get to know all Car Insurance components

Car insurance has different components. Some are mandatory and some are not. It all depends on what coverage is required and what additional coverage best suits your needs.

Insurance componentDescriptionType
Collision insuranceThis insurance pays for damages to your vehicle after an accident. If your car is beyond repair, it pays a reasonable sum to replace it.
Not mandatory
Liability insuranceLiability insurance is for when you cause damage to another person or vehicle. This damage includes medical bills, lost earnings, legal fees, and other expenses. The cost of damages could go into the millions. It’s mandatory insurance and it is not expensive, so protect yourself by getting higher liability insurance than just what is mandated by your province.Mandatory
Comprehensive insurancePurchase comprehensive to protect yourself from non-accident related damages that affect your car, such as extreme weather, flooding, and vandalism.Not mandatory
All perilsThis protection is for when someone in your household steals your car, or it is damaged by an additional driver.Not mandatory
Uninsured motorist / Hit-and-run coverageSome drivers illegally operate without coverage, or flee the scene of an accident (hit and run). This coverage protects you financially from these irresponsible individuals.Mandatory
Accident BenefitsMedical expenses, income replacement, and other such expenses are covered by accident benefits.Not mandatory

What cars are the most expensive ones to insure?

The cost of insurance is influenced by different types of claims associated with these cars, including accident benefits insurance claims, collision insurance claims, comprehensive insurance claims, and direct compensation property damage insurance claims. Here are some examples of cars (model years 2014-2018) that have higher insurance costs:

  • BMW X6
  • BMW 4th series
  • Tesla Model S
  • Cayenne
  • BMW 3rd series
  • Audi Q7
  • Mercedes-Benz S series
  • Hyundai Genesis
  • Audi S5
  • Mercedes-Benz CLS
  • Mercedes-Benz C series
  • Audi A5
  • Subaru/Toyota BRZ
  • Dodge Charger Ford Mustang
  • Lexus IS

Other elements such as your driving habits, age, driving history, location, policy type, and coverage impact your car’s insurance rates as well. Car model/make alone is not a good predictor of what your rates will cost.

10 Ways to save on Car Insurance in Guelph?

Getting cheap car insurance in Guelph, Ontario is not easy since car insurance rates in this location are fairly high. However, good rates are not impossible. We have collected a number of ways to reduce your car insurance rates. Read on to learn how to reduce your car insurance rates in Guelph.

  1. At-Fault Accidents: Drive safely. Going six years without accidents after you’ve been in an at-fault accident will improve your risk profile and allow your premium to drop back down.
  2. Bundle: Some providers offer you a discount when you get multiple types of insurance through them, like home and auto insurance. Bundling your insurance needs can get you a better discount.
  3. Short Distance to Work: Reducing the distance that you need drive daily to get to work can save you money on your auto insurance premium.  Consider relocating closer to work.
  4. Private Garage: Do you park in a private or secure garage? Letting your insurance company know that you park in a safe location can lead to lower insurance premiums.
  5. Annual Review: Our lives are always changing. New discounts could apply to your new situation, so make sure you review your policies and coverage each year.
  6. Dashboard Camera: Getting a dashboard camera for your vehicle won’t result in any specific insurance discount, but it can prove you are not at-fault in the case of an accident, which can protect you from unfair premium increases.
  7. Car Make and Model: Take a look at insurance rates before you buy your car. Some models, like the Toyota Camry, Acura MDX, Toyota RAV4, and Honda Civic, are more expensive to insure because they are more susceptible to theft or are notoriously driven recklessly.
  8. Anti-Theft System: Installing a certified anti-theft system in your car lowers the risk of theft, which means you can enjoy a lower insurance premium as well.
  9. Employee/Union Members: Are you a union member or employee? You may be able to get a discount on your insurance.
  10. Loyalty: Staying with one insurer longer can sometimes result in a long-term policy holder discount.

Guelph Car Insurance quotes, examples

Sample car insurance quote #1:

A male driver living in Guelph, 45 years old, has no claims in the last three years, no at-fault accidents, and no license suspensions. Vehicle: 2018 Mazda 3 GX, CAA member, comprehensive coverage (including collision). Policy: $1,000 deductible, 3rd party liability – $2,000,000.

$ 72 per month ($864 annually)

Sample car insurance quote #2:

A female driver living in Guelph, 52 years old, has no claims in the last three years, no at-fault accidents, and no license suspensions. Vehicle: 2014 Ford Escape, collision-only coverage (no comprehensive). Policy: $1,000 deductible, 3rd party liability – $1,000,000.

$ 76 per month ($912 annually)

Sample car insurance quote #3:

A female driver living in Guelph, 34 years old, has no claims in the last three years, no at-fault accidents, and no license suspensions. Vehicle: 2016 Toyota Camry, comprehensive coverage (including collision). Policy: $1,000 deductible, 3rd party liability – $1,000,000.

$ 120 per month ($1,440 annually)

Car casualty rates in Ontario (including Guelph)

Based on casualty statistics from Transport Canada (2018), Ontario drivers seem to drive in a safer manner when compared to other provinces.

ProvinceFatalities per 100,00 licensed driversInjuries per 100,00 licensed drivers

Despite being relatively safe drivers, car insurance rates in Ontario are still among the highest in the country.

Car Insurance in Guelph – what you must know

  • Car insurance is required by law in Guelph as well as across all of Ontario.
  • Mandatory liability coverage is the minimal 3rd party liability coverage that is required by law. It is included in every car insurance policy. In Ontario it is $200,000.
  • Other car insurance benefits available in Guelph, Ontario:
    • Disability income benefits, which are 70% of your gross income up to max of $400 per week
    • Non catastrophic injuries carry a standard maximum for medical, rehabilitation and attendant care expenses. These expenses can include physiotherapy, chiropractic treatment or an aide to assist you if you have been seriously injured. The maximum is $65,000.
    • Catastrophic injury coverage is at a standard maximum of $1,000,000.
    • The maximum amount for caregiver benefits is $250 per week for the first dependent, and an additional $50 per week for each additional dependent.
    • If you are unable to perform your usual housekeeping or home maintenance duties, you may be eligible for benefits to hire someone to help. The maximum benefit payment is $100 per week.
    • The standard amount of death and funeral benefits is $25,000 paid to your eligible spouse, with a further $10,000 to each dependent, and a maximum of $6,000 for funeral expenses.

What cars are the least expensive ones to insure?

Some cars are less likely to get into an accident or, if involved, associated costs are lower. Here are examples of cars (model years 2014-2018) that cost less than others to insure.

  • Smart Fortwo
  • Ford F150
  • Nissan Frontier
  • Chevrolet Tahoe/Yukon
  • Chevrolet Silverado/Sierra
  • Fiat 500
  • Ford Mustang Convertible
  • Jeep Wrangler
  • Buick Encore
  • Honda CR-V
  • Jeep Compass
  • Chevrolet Equinox/Terrain
  • Nissan Xterra
  • Honda Pilot
  • Hyundai Accent

Please note that car model is just one of the variables defining your insurance rates. Your personal driving history impacts your rates more than a car’s make or model.

5 Car Insurance myths to know

Myth #1: If I have a really bad driving record, I will not be able to get car insurance

You will still be able to get car insurance if you have a driver’s license, but your insurance rates will be exorbitant. You might not be able to get insurance with mainstream insurers, but will be able to get it from companies offering high-risk auto insurance, like PAFCO. If you cannot get insurance from PAFCO or a similar company, you will be able to get it from a special organization called Facility Association – but it will be very expensive. It is the last option for people to get car insurance if they fail to get it anywhere else.

Myth #2: It is more expensive to insure red cars

It is, probably, the most classic myth out there. No, the car colour is not included in the quoting process and does not impact the price. You can have a red, blue, yellow, black or even pink car – your insurance rates will not be different.

Myth #3: You do not have inform insurance the company if you move

Your location strongly impacts your car insurance rates. For example, if you move to Brampton, ON, your insurance rates will be 65% higher than provincial average. If you have not informed your insurance company about your move, the company can refuse your claim.

Myth #4: You can always be added as a second driver on your parent’s insurance policy

Insurers know very well about this approach to reduce insurance rates and it even has a name: fronting. Fronting is actually insurance fraud and an insurer may refuse your claim if you have an accident.

Myth #5: Insurance works in the same way across all Canadian provinces

No. There are major differences in car insurance across Canada. Provinces use different insurance systems, either no-fault or tort (which is at-fault) or a mix of both. The system used defines whose insurance company pays for a claim and the ability of one side to sue the other.  Also, a list of insurers who can provide insurance varies from province to province. In MB, SK, and BC only one company per province – MPI, SGI, and ICBC respectively can provide car insurance coverage.

Frequently Asked Questions (FAQ): Car Insurance in Guelph

In general, car brands as Hyundai, Nissan, Ford, Buick, Chevrolet, and Jeep are on the cheaper side of insurance rates. However, some series of BMW, Mercedes-Benz, Audi, and Lexus typically cost more. This is not a big surprise when you consider that more expensive cars drive higher repair costs. Check the tables above for the exact makes/models. Another aspect contributing to car insurance costs are statistics (e.g. theft, accidents, etc.) associated with each car brand / model.

You can get car insurance in Guelph through different ways. You can directly contact an insurance company, but then you need to call each of them separately. You can work with a broker who will make all those calls for you, but you need to ensure they are working with a good selection of insurers so they can get you the best price and policy. Or, you can put modern technology to work for you! Clicking a quoting button lets clever algorithms find the best rate for you – across nearly 30 Canadian car and home insurers.

The cost of car insurance in Guelph, ON depends on many different criteria. Typically, residents of Guelph will pay between $90 and $110 per month. However, if you have a maximum of two violations in the last three years (parking tickets not included) you can expect to pay 20%-35% more. If you have a serious history of driving problems, your rates may double. Young, inexperienced drivers can also expect higher rates.

Our proprietary insurance review platform has collected, since 2012, independent consumer reviews for a variety of insurance and financial products. Click here for free access to thousands of car insurance reviews.

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