Cheap Mississauga Car Insurance Quotes 2024
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We all need reliable car insurance, especially motorists in Mississauga navigating the city’s dynamic environment. Finding out which car insurance in Mississauga is reliable on the other hand, is the tricky part, as well as trying to decide whether you just need basic car insurance or comprehensive coverage.
On this page, we tell you everything about car insurance in Mississauga: mandatory coverage, optional add-ons, how to save on premiums, and how to get the best discounts.
You can also compare Mississauga car insurance quotes from multiple providers using our free tool. It's easy to use, free, and completely online.
Car Insurance Quotes Mississauga: 4 Key Takeaways
- The average car insurance costs in Mississauga are between $1,800 and $4,000 per year
- Cheapest car insurance in Mississauga is roughly $135 per month for experienced drivers
- Mandatory car insurance can be purchased from any private car insurance company
- Mississauga car insurance quotes vary depending on the driver, the vehicle to be insured and the specified level of coverage.
How does car insurance work in Mississauga?
Before diving into the process of obtaining car insurance quotes in Mississauga, it’s important to understand how car insurance works in Ontario. There are two types of car insurance: mandatory and optional coverage.
Mandatory coverage is a legal requirement stipulated by the Canadian government. It ensures that all motorists have a minimum amount of cover to protect against unexpected financial loss when they are involved in an accident where they aren’t at fault. Optional coverage on the other hand, usually provides the individual with coverage even if they are at fault, or when damage is caused by something other than another person.
You can use our free tool below to quickly compare car insurance quotes for Mississauga. Get personalized quotes from multiple providers right here.
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The specific mandatory car insurance in Mississauga includes:
- Third-party liability: This covers injuries and damage you cause to others in an accident, with a minimum coverage amount of $200,000.
- Accident benefits: This provides coverage for medical and rehabilitation expenses if you're injured in a collision, regardless of fault.
- Uninsured automobile coverage: This protects you financially if you're hit by a driver with no insurance or if your car is damaged in a hit-and-run.
- Direct compensation-property damage (DCPD): This covers repairs to your vehicle if another driver is at fault in an accident, although as of January 1st, 2024, motorists can now opt out of DCPD.
Optional auto coverage in Mississauga
For many drivers, however, mandatory coverage may not be sufficient in Mississauga. For those wanting extra coverage, usually personalized with higher coverage limits and compensation for at-fault claims, the following optional add-ons may be considered:
- Collision and upset: Provides vehicle protection for at-fault collisions with other cars or objects. Upset means that repairs are covered if your vehicle is upturned.
- Specified perils: Protects specific coverage such as fire, theft, earthquake and explosions.
- Comprehensive coverage (except collision and upset): Provides similar coverage to specific perils but also includes damage caused by vandalism and falling/flying objects.
- All perils: This is an all-encompassing insurance policy that combines collision and upset, comprehensive and specified perils under one add-on, meaning that only one co-payment or deductible would apply in the event of multiple damages.
- Waiver of depreciation: This add-on allows individuals to replace their vehicle with the same make or comparable model if it is damaged beyond repair from an insurable event. Where the coverage is not included, the insured would only be reimbursed for the value of the vehicle plus any depreciation.
Good to know
Unlike certain provinces like British Columbia, Manitoba and Saskatchewan where mandated insurance is sold by government-owned car insurance providers, mandatory car insurance in Mississauga can be purchased from any car insurance company.
How much is car insurance in Mississauga?
The cost of car insurance in Mississauga is unfortunately very high. In fact, car insurance prices in Ontario are the second highest on average throughout Canada, second only to British Columbia.
Specifically in the city, the average car insurance in Mississauga will cost motorists around $180 per month, although this will vary depending on the extent of coverage, the vehicle insured and the insured driver. Furthermore, where a driver has multiple recorded at-fault claims and/or traffic violations, they will likely also see an increase in their car insurance premiums.
To get an idea of your average car insurance costs in Mississauga, refer to the table below. It highlights 3 different scenarios and the fluctuations in premiums.
| Insured individual | Residence | Insured vehicle | Type of Coverage | Insurance provider | Car insurance premium |
|---|---|---|---|---|---|
| 35-year-old male with a clean record and no traffic violations | Mississauga, Ontario | 2020, Honda Accord EX 4DR | Third-party liability; DCPD; Collision and Upset; Comprehensive; Rentals and borrowed vehicles | Intact Insurance | $318.17/month |
| 28-year-old female with 1 prior at-fault claim but no traffic violations | Mississauga, Ontario | 2015, Fiat 500L Sport 4DR | Third-party liability | Economical Insurance | $409.17/month |
| 42-year-old female with a clean record and no traffic violations | Mississauga, Ontario | 2019, GMC Acadia SLE 4DR 2WD | Third-party liability; Collision and upset | CAA Insurance | $134.25/month |
How to get the cheapest car insurance in Mississauga?
Due to the high cost of coverage, motorists tend to struggle when looking for the cheapest car insurance in Mississauga. Normally, this is due to the endless insurance options and providers, seemingly offering different levels of cover making it hard to make adequate comparisons.
However, there are steps you can take to navigate the insurance landscape and find a car insurance policy that fits your budget.
Reducing your premium can be done by:
- Mitigating risk factors: Insurance companies base rates on risk. You can lower your premium by demonstrating you're a low-risk driver. Park your car in a garage overnight to deter theft and vandalism. Maintain a clean driving record by avoiding tickets and accidents.
- Optimize coverage: Review your policy and coverage amounts regularly. Consider opting out of non-essential coverages like roadside assistance if you already have a membership service.
- Embrace telematics: Many insurers offer telematics programs that track your driving habits. Safe driving habits like avoiding harsh braking and maintaining following distances can translate to significant discounts on your premium.
- Consider your car: The type of car you drive significantly impacts insurance costs. Opting for a fuel-efficient, safety-rated vehicle can lead to lower premiums compared to high-performance or luxury cars.
- Apart from these basics, you can also try to lower your car insurance premiums by:
- Maintaining a good credit score: In Ontario, your credit history can affect your insurance premium. Maintaining a good credit score can lead to lower rates.
- Loyalty discounts: Some insurers reward long-term customers with loyalty discounts. Consider sticking with the same provider if they offer competitive rates and good customer service.
- Combine coverage: Where an insurance provider offers more than one type of insurance, such as home and contents, you can try to bundle all of your insurance with one company to get a bigger discount.
- Shop around: Lastly, the best way to find the cheapest car insurance in Mississauga is to simply shop around. Review multiple car insurance providers at the same time using online comparison tools to find the best deal.
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Expert advice
Remember: while finding the cheapest car insurance is important, prioritize adequate coverage. Ensure your policy offers the financial protection you need in case of an accident regardless of who is at fault.
What affects car insurance quotes in Mississauga?
Insurance companies consider a multitude of factors when calculating your Mississauga car insurance premium. While understanding the variables may seem unnecessary, it will ultimately help you make the right decisions and potentially help you lower your overall costs.
The following categories will affect your car insurance quotes in Mississauga.
The insured driver’s profile
- Age: Younger drivers, normally those under 25, will face higher premiums due to statistically higher accident rates when compared to older drivers. Therefore, car insurance rates tend to decrease with age and experience.
- Driving history: A clean driving record with no accidents or traffic violations will translate to lower premiums. Conversely, violations and at-fault accidents will lead to increases in your car insurance costs.
- Location: Mississauga has a higher collision rate compared to rural areas as it is a large and populous city. This can lead to higher premiums for Mississauga residents since the risk of loss is higher for insurers.
The insured vehicle itself
- Make, model, and year: Your choice in vehicle significantly affects premiums due to the varying costs to repair and/or replace after an incident. A cheaper vehicle that will also be cheaper to repair and lead to lower rates. On the other hand, luxury cars, sports cars, and vehicles with high theft rates will generally have higher premiums.
- Vehicle use: Unfortunately, how you use your car will also affect premiums. If your vehicle usage is solely for pleasure you may find your premiums lower than if you commute regularly and or drive for business purposes, as these involve greater risk.
- Annual mileage: The more you drive, the higher the risk of an accident.
Coverage selection
- Coverage type: The biggest factor affecting your car insurance premiums is the type type of coverage you choose. Comprehensive and collision coverage offer broader protection but comes at a higher cost. The mandatory liability insurance provides minimal coverage to your own vehicle, but it comes with a significantly lower premium.
- Deductible: When you have opted for cover, you can lower the overall cost by choosing and increasing a deductible. This is the amount that you will pay before the insurance covers any costs. An average car insurance deductible is between $500 to $1,000.
Who offers the best car insurance quotes in Mississauga?
While Mississauga has several car insurance providers each providing multiple plans, the best fit for you will depend on your individual needs and priorities. Before diving into quotes you should, therefore, consider the following:
- Your needs: Assess the level of coverage you require. Consider factors like your vehicle's value, driving habits, and risk tolerance.
- Driving background: Since your driving history significantly impacts premiums and provider options, you may need to find an insurer that specifically helps those with multiple traffic violations. A clean record with no accidents or violations opens doors to better rates.
- Priorities: Evaluate what's most important to you. For example, do you prioritize affordability, extensive coverage options, or exceptional customer service?
Once you have a clear understanding of your requirements, you can effectively compare insurance providers to see which best suits your circumstances! We have helped simplify this process by listing the top 10 car insurance providers in Mississauga. These providers offer excellent customer service, a wide range of cover and good policy administration.
| Car Insurance Companies in Mississauga | Key Features | Best For | Personalized Quotation |
|---|---|---|---|
| YouSet | Streamlined quote comparison tool Extremely personalized quotes Great potential for savings | Individuals wanting help to compare multiple insurance options | Get a free quote now |
| Economical Insurance | 24/7 customer support service Competitive pricing for low-risk motorists | Safe drivers with clean records | Get a free quote now |
| Intact Insurance | Variety of customization options Pay-as-you-go option | Budget-minded motorists Safe drivers | Get a free quote now |
| CAA Insurance | Big discounts for CAA members Competitive prices for young drivers | Existing CAA Members Drivers Seeking Roadside Assistance Canadians with Frequent Road Trips | Get a free quote now |
| TD Insurance | Great bundling insurance discounts Streamlined policy administration | Existing TD Insurance policyholders | Get a free quote now |
| SGI Canada | Not-for-profit car insurance provider Offer fair and affordable premium rates Transparent above all else | Mississauga residents with Saskatchewan registered vehicles Budget-minded motorists | Get a free quote now |
| PAFCO | Specializes in car insurance for individuals with poor driving records Good provider for Canadian newcomers | High-risk drivers Canadian newcomers Young drivers with few options | Get a free quote now |
| AVIVA | Offers a high degree of customization Flexible coverage Pay-as-you-go option | Safety-conscious drivers Motorists seeking tailored coverage | Get a free quote now |
| Sonnet | 24/7 online policy administration Easy quote process Focus on insurtech | Tech-savvy individuals Busy individuals wanting online access | Get a free quote now |
| Optimum General Insurance | Provide competitive rates Focus on uncommon vehicles Streamlined tech-based quoting and policy management | Cost-conscious drivers with specific needs Young and experienced drivers alike | Get a free quote now |
Finding the best car insurance quotes in Mississauga takes time. Cut down the time you spend on searching for car insurance by using our free comparison tool to get immediate quotes from these top 10 insurance providers in Ontario.
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