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I would suggest you shop arround with various direct wirter's such as Belair, TD, etc, and do a few inquiries with some insurance brokers as they deal with multiple insurers, but do charge a small surcharge on the premium for their service. Hockeyfan27 on here is a broker.
Currently I get my bank account adjusted on a monthly basis by the Dominion of Canada General Insurance company.
Really the rate I pay isn't horrible but consider that when I first had insurance (1st car with no insurance history and I was 26) it cost me about 122 a month in Ottawa. This went DOWN for the following few years, I think it was just over 100$ before I moved to Quebec. There I used Desjardens and I payed for the entire year (1st year around $900, second year around $500 and the last year I was in quebec I payed $380...)
Then I move back to Ontario and the best I can get was $89 a month. It has gone up small increments every year and currently it's $104 a month. Who knows what they'll charge me next year. $104 is for the BARE BONES minimum insurance I can get, and i drive under 5km a day.
I called and asked "hey how come my buddy who is roughly the same age as me, has 2 drivers, has the same 0 convictions as me - pays about $128 for his 2010 Hyundai - with full coverage?"
I get pissed off from time to time and attempt to look for other insurance and the rates are laughable Royal Bank wanted over 3k! For minimal insurance.
I suggest you find a broker that deals with Dominion or Desjardens and move as far from Toronto as possible. If you are young you're screwed. Also ask them if they discount for paying the entire year up front.
Performance one step at a time.
Last edited by InfiniteDice; 08-23-2012 at 02:59 PM.
Thought this might be of interest for those who have been questioning the high insurance rates in Ontario.
The "price is wrong" for Ontario auto insurance: IBC
Insurance Bureau of Canada (IBC)’s public awareness campaign on Ontario auto insurance has listened to disgruntled consumers and now aims to promote understanding of the reasons behind stubbornly high rates.
“We wanted to find out what Ontarians were thinking about the high cost of auto insurance,” says IBC Ontario vice president Ralph Palumbo. “So we hit the road over the summer to listen to their concerns and encourage discussion about how to bring these costs down. Not surprisingly, Ontarians had a lot to say.”
That consumer feedback forms the basis of a 30-minute television special The Price is Wrong, which airs on OMNI TV Sept. 2 at noon. Canadian broadcaster and writer Peter Feniak answers common questions about auto insurance and explains how Ontario drivers are victims of what IBC reports as the growing abuse of the insurance system through fraud.
“What we pay for insurance is based on the cost of claims and in many cases the costs are ‘through the roof’ as a result of fraud and abuse in the system,” says Steve Kee, director of media relations for IBC. “Until we can get costs under control, we will continue to have premiums that we all agree are too high.”
IBC is continuing to visit markets across Ontario to gather consumer information about auto insurance as part of the awareness campaign.
They'll never drop the prices. If the government made a law tomorrow that said "people need to buy coffee" furthermore... You need to buy at least 'x' amount of coffee. Otherwise you are breaking the law.
Guess what happens to the price of coffee in Ontario?