Car insurance premiums vary depending on province.
From British Columbia to Prince Edward Island auto insurance can cost a surprisingly different amount! Travel from one end of Canada to the other and other than a lot of boring stuff in the middle you will find average car insurance premiums can vary greatly from one province to another if you ask.
You can be in Ontario and pay on the highest end with an average premium per year of $1,878. But just over in Québec you will pay only $863 per year – but if you slip the Mayor of Montreal $100 you don’t have to pay. Prince Edward Island is the place with the cheapest insurance at $649, but New Brunswick tops out at $1123 and it is right beside it.
The vast differences in insurance by province is smaller out west with Alberta, Saskatchewan, Manitoba, and British Columbia all about $1,476 to $1,027 per year annual for car insurance premiums. While Nova Scotia runs $906 insurance can be had for $749 in Labrador and Newfoundland.
What City is the Most Expensive?
In the province of Ontario where the car insurance premiums are the highest, you will also pay a higher premium in the cities of Toronto and Oshawa. The cost of insurance in the big city is over $2000, Edmonton is over $1500 in Alberta. So why are the car insurance premiums higher in the city? It’s simple, more accidents, and more accidents means more insurance the company has to pay out. It’s just a numbers game.
The smaller cities can charge less than the big ones because they have fewer accidents to cover with your premium. Halifax or Dartmouth is at $836 a year.
But the real question here is, how many Timmies coffees can the highest premium get?
- Oshawa at $2189 will get you 1563 double doubles
- Edmonton at $1552 will get you 1109 double doubles
- Charlottetown at $884 will fetch 631 double doubles
- Saint John at $1128 will get 806 double doubles
- Halifax & Dartmouth $836 will go for 597 double doubles
- Montréal & Laval at $929 will get you 663 double doubles
Next time you are driving around in your brand new Oshawa built vehicle, drinking a Timmies coffee and listening to Nicklebacks 1 song, don’t forget that the insurance premium you are paying every year is based mostly on where you live in Canada and not how much coffee you drink.