Auto insurance by province (2024)

FAQs

What province has the highest car insurance rates? ›

Citing data from Ernst & Young's “Canadian Private Passenger Vehicle Insurance Rate Comparisons” study which was released in October 2022, HelloSafe's 2023 car insurance barometer found that Alberta was the Canadian province with the priciest annual auto insurance premiums, at $3,151.

Quebec has the least expensive insurance premiums of all the Canadian provinces.

It also means making sure your vehicle is in good condition and ensuring you have adequate insurance coverage. The good news is your car insurance policy covers you in other provinces and the U.S. But there's a caveat: your policy might not be enough to cover costs that arise if you injure someone in the states.

Canadians Pay Less Insurance Than The US

Overall, car insurance prices in Canada are lower than in the US, however, depending on which province you're in, the requirements may vary.

Florida is the most expensive state for full coverage car insurance with an average annual cost of $3,865.

Ontario – $1,528

Ontario—the most populous province—is the second most expensive province when it comes to car insurance. Driving up and down the 401 doesn't come cheap; the average auto insurance in Ontario is over $1,500 a year.

Let me paint a picture for you. Across our magnificent country, the average Canadian pays a range that can vary greatly for car insurance–typically between $1,000 to $2,000 annually. In some provinces like Ontario, drivers may experience higher rates due to factors like increased traffic and higher incidences of fraud.

The law is clear. Every Canadian vehicle owner must have auto insurance in order to operate your vehicle. It is compulsory in all territories and provinces. If you are caught driving without insurance, your license can be suspended, your vehicle can be confiscated, and you will face a hefty fine.

Due to reciprocal laws between the U.S. and Canada, your car insurance will most likely still apply while driving in Canada. This may depend on your provider, but many of the major car insurance providers will qualify for Canadian coverage, unless they specifically offer international car insurance policies for Canada.

Can you drive in Canada with a US license? US licenses are valid in Canada. When operating a car in Canada, you'll need to have your license, auto insurance, and registration in the vehicle at all times.

Can I drive my US car in Canada? ›

You can bring your vehicle into Canada temporarily as a visitor or temporary resident. Your vehicle doesn't have to meet Canadian standards and must be only for your own use. You can also bring your vehicle for personal use while you're in Canada on a work permit or student visa.

If you are traveling to Canada by car, whether in your vehicle or a rental car, your U.S. insurance will usually protect you with the same coverages and limits that you have at home. Car insurance in Canada for visitors from the U.S. is governed by reciprocal laws between the two countries.

Because of reciprocal laws between the two countries, Canada honors your U.S. insurance, and vice versa, in the event of an accident or claim and to meet insurance requirements.

US car prices – both new and used – are usually well below Canadian prices, so saving hundreds off the sticker price makes buying across the border an attractive proposition.

London again was shown to be the most expensive location, with younger drivers paying £2811 on average for their coverage.

Louisiana is the most expensive state for car insurance with average auto premiums of $2,883 annually. Maine's average insurance premium for full coverage is $1,175 annually, making this the cheapest state for car insurance in 2024.

Car insurance in Louisiana is expensive because state lawyers strongly encourage lawsuits for even minor car accidents, dramatically raising operating costs for insurers. In Louisiana, you can expect to pay approximately $7,889 per year for full coverage car insurance or $2,589 per year for minimum coverage.