Compare auto insurance across 62 Ontario cities. Provincial average: CA$161/month (CA$1,927/year). Insurance system: private. Regulator: FSRA.
Ontario operates a private insurance system regulated by FSRA. All drivers must carry minimum Third-Party Liability of CA$200,000. The mandatory coverage package includes Statutory Accident Benefits (SABs), Direct Compensation-Property Damage (DCPD), and Uninsured Automobile Coverage.
Ontario's most significant auto insurance reform in two decades takes effect July 1, 2026: the new Statutory Accident Benefits Schedule allows drivers to select benefit levels a-la-carte rather than purchasing the standard package. For high-premium drivers this can reduce premiums by 5–15%, but inadequate benefit selection creates coverage gaps. Work with a licensed Ontario broker to model the correct selection for your situation before the next renewal.
| Coverage | Description |
|---|---|
| Third-Party Liability | Minimum CA$200,000 required; pays compensation to others for injury or property damage |
| Statutory Accident Benefits (SABs) | Pays your medical, rehabilitation, income replacement, and caregiver benefits regardless of fault |
| Direct Compensation-Property Damage (DCPD) | Covers damage to your vehicle when another insured driver is at fault |
| Uninsured Automobile Coverage | Protects you if you are hit by an uninsured or unidentified driver |
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