Car Insurance Guelph

Guelph is situated near many highways and has a thriving and diverse economy. For residents in Guelph, having a car is almost considered an essential if you want mobility to run errands, go to work, and do recreational activities. As a result, you are likely in the process of buying a new car, recently bought a new car, or looking at getting a different car insurance policy in Guelph.

By law, all vehicles registered in the Guelph area must carry at a minimum mandatory car insurance coverage of:

  • Third-party liability coverage of a minimum of $200,000.
  • Accident benefits to recover from collision injuries.
  • Uninsured motorist coverage of minimum $200,000 for accidents by an uninsured driver.
  • Direct compensation coverage for damages if someone else is at fault.

Drivers purchasing car insurance in Guelph, Ontario can also choose among the optional insurance coverage available, which includes:

  • Collision insurance coverage.
  • Comprehensive car insurance coverage.
  • All perils.
  • Specified perils.

Best Car Insurance Rates in Guelph Ontario

Finding the best car insurance rate for your specific needs is important. After all, owning a car and purchasing car insurance is a long-term and pricey commitment. When searching for the best car insurance rates in Guelph, it’s important to look at a balance between your budget and coverage needs. You don’t want to break the bank and pay more than you can afford, but you also don’t want to cheap out on coverage.

Some of the factors that can affect your car insurance rate include:

  • Vehicle make, model, and year.
  • Your age and whether you are a new driver.
  • The claims and accident history.
  • Your driving and insurance history.
  • How much mileage you drive each year.
  • The purpose of your vehicle – i.e., pleasure or business.
  • Coverage amount.
  • Type of car insurance you buy – i.e., collectors car insurance, high risk car insurance, commercial car insurance, etc.

Insurance companies have different ways of evaluating these factors to determine your risk profile and whether you are an acceptable client to insure. Your driver’s abstract and payment history will also be reviewed to determine whether you are a safe driver and have the ability to pay premiums on time.

For example, someone with a clean driving record, many years of driving experience, and a relatively safe car will be less risky to insure than a new driver with an expensive car and many driving infractions.

Lowest Car Insurance Rates in Guelph

While car insurance rates are expensive in general in Ontario, there are still ways you can save money on your insurance policy.

Using a tool like Insurance Hero can help you compare different car insurance rates available in Guelph. We partnered with over 12 insurance companies to find you the best, most affordable car insurance policies that fit your driving needs and budget. All you have to do is enter your information, and we will find the best insurance rates and policies for you to choose from, so you can make an informed and confident decision.

You can adjust different variables on our platform to understand how they impact your car insurance rates to find a suitable insurance policy that you’re comfortable with.

You can also find ways to get discounts on car insurance to lower your rates even more. For example, bundling your car insurance with your home insurance policy can save you up to 15%. Other ways you can get discounts include:

  • Taking defensive driving courses.
  • Consider a policy with higher deductibles.
  • Have a good driving history.
  • Choose your vehicle type wisely.
  • Install winter tires in the winter.
  • Ask about discounts for seniors, multiple vehicles, student drivers, etc.

Choosing the Right Car Insurance Policy in Guelph

The right car insurance policy should be a balance between affordability and protection. Before choosing your car insurance policy, you should always do thorough research into what type of car insurance you need and how much coverage is required to protect yourself. Insurance companies will offer varying terms and conditions and policy rates, so you should discuss with them what you are looking for and understand exactly what you’re buying.

Listed as one of the best places to live, its less populated and congested stress make it one of the best places to drive in Ontario. As a result, car owners will find Guelph has much lower car insurance rates than the busy cities.

Look at your specific driving needs and the type of car insurance you are buying. If you have a collector’s car or are a high risk driver, you might have to purchase a different car insurance policy to ensure you get the right coverage for your vehicle. If you drive a lot throughout the year and use your car as a commuting vehicle, you might also want to have higher insurance coverage compared to someone who doesn’t use as much mileage.

It’s also important to set the right deductible and look for ways to get car insurance discounts. A higher deductible will reduce your premium, but you will have to pay more out of pocket in the event of an accident. If you have a clean driving record and haven’t had any accidents, you may want to consider opting for a higher deductible to reduce the money spent on your insurance premium each month.

Get a Free Quote to get started

Start Saving


Commonly Asked Questions About Car Insurance

How much is car insurance in Guelph?

Car owners in Guelph pay about $1,281 to $1,345 per year in premiums for car insurance. That’s around $110 per month. Although car insurance rates are relatively consistent throughout Guelph, your exact location and a number of other factors still come into play when determining your car insurance rates.

Which city has the cheapest car insurance in Ontario?

You can find very cheap car insurance rates in the rural areas of Kingston, Port Hope, Cobourg, and Brockville. These areas have car insurance rates that fall around $1,103 per year.

What is a good price for car insurance in Ontario?

That depends on your budget, claims history, vehicle, where you live, and how much you drive every year. Even for drivers living in the same area, a high risk driver or someone who drives a lot will pay more for car insurance than someone who doesn’t drive much.

What are the 3 types of car insurance in Ontario?

The mandatory types of car insurance required in Ontario include liability coverage, direct compensation, uninsured automobile, and accident benefit coverage.