How much is car insurance in Brampton?
Residents of Brampton pay some of the highest rates in the country, but that doesn’t mean that you’ll pay the same amount.
There is no standardized cost for car insurance in Brampton. Your premium will depend on a number of different factors — some which are in your control and some that are not. This may include the loss ratios of auto insurance companies in Brampton.
Keep reading for more information on how you can estimate your car insurance costs in Brampton.
Which Brampton postal code has the highest average premiums?
The postal code with the highest average automobile insurance price in Brampton is the L6R postal code region. This region spans Mayfield Road to the north, Castlemore Road to the south, Airport Rd to the west, and Highway 410 to the east.
Which Brampton postal code has the lowest average premiums?
The lowest prices for car insurance in Brampton are paid by the residents of the L6W postal code region. This region spans Queen Street East to the north, Highway 407 to the south, Main Street South to the west, and Highway 410 to the east.
How do Brampton car insurance rates compare to other cities in Ontario?
Brampton lays claim to the highest car insurance rates in Ontario. To show you how Brampton rates compare to other major cities, we’ve benchmarked rates for four other regions against Brampton's.
- Scarborough (12% lower)
- North York (16% lower)
- Mississauga (30% lower)
- Toronto (40% lower)
Where do I get the cheapest car insurance quotes in Brampton?
That’s a tough question to answer. There isn’t one insurance company that provides cheap car insurance to all its customers. Unfortunately, car insurance isn’t a product that lends itself to bargain-hunting. Nor would you want it to. If you get into an accident, you want assurance that you’ll have enough coverage to pay for your recovery.
While there are many things you can do to secure an affordable car insurance rate in Brampton, there are some things that are out of your control. Because of a few persistent issues — namely insurance fraud — it is uniquely difficult to get cheap car insurance in Brampton.
But there are things you can do to lower your car insurance costs:
- Be a good driver - A driving record that’s free of claims and conviction will net you lower premiums. If you maintain a clean record, your insurance premiums will continue to go down over the years. Enrolling in a telematics program (where you allow your insurance company to track your driving via an app) can get you an extra discount of up to 20%. On the average insurance premium for Brampton drivers, that amounts to a sav
- Consider usage-based auto insurance - More insurance companies in Ontario are beginning to offer usage-based car insurance. Insurance companies use very blunt metrics to calculate your premium. This type of policy calculates your premiums based on your actual, not estimated, mileage. You're usually required to install an app on your smartphone that tracks your driving. CAA and PC Insurance are some of the companies that offer usage-based auto insurance.
- Reconsider extra coverage - To operate a car in Ontario, you need to buy third-party liability and accident benefits insurance. This covers your liability needs and helps pay for medical care and lost income. There are other optional policies you can add to your base policy to cover the cost of repairing or replacing your car. These will increase your premium. Double-check to see if you need them. It may be more cost-effective to pay for costs out of pocket.
- Choose your car wisely - Some cars are more popular with thieves than others. This is a factor that insurance companies watch out for. Insurance companies also have a system to evaluate the probability of a car being involved in an accident, regardless of the driver.
- Apply for discounts - Insurance companies offer discounts to responsible drivers. You can get discounts for putting on winter tires, joining a telematics program, taking a driver’s education course, and more.
- Compare car insurance quotes - One of the quickest ways to reduce your car insurance bill is to compare quotes. After you find the insurance company offering you a lower rate, follow the steps above. A lower rate off the bat combined with good driving behaviours will bring your car insurance down. You can save thousands of dollars in the long term.
Why are Brampton car insurance premiums so high?
Brampton drivers, on average, pay the highest insurance premiums in Ontario. There’s no single answer for why this is the case. Peel police have noted that Brampton has a high rate of staged collisions.
Fraudsters use collisions to overstate damage or injuries and collect large insurance payouts.
There are higher speed limits in the region, too, which is a correlation for more collisions. For every 100 vehicles in Brampton, there are 11.5 claims, compared to the Ontario-wide average of 9.3 claims. The average Brampton claim costs insurance companies $14,800. For the rest of Ontario, it's $11,500, according to data provided by the Insurance Bureau of Canada.
Why is comparing car insurance quotes particularly important for Brampton drivers?
Comparing quotes from insurance companies is an easy way to find savings on car insurance. If you can find a lower rate and also maintain a good driving record, your insurance bill will shrink over time. The decline may be gradual, but you will save thousands of dollars over the years. Brampton drivers pay the most for insurance, but it also means they stand the save the most. Even a 10% reduction on the average Brampton auto insurance premium amounts to almost $500 in savings a year.
What factors determine my car insurance rates in Brampton?
Car insurance is a complex product. A lot of variables are taken into consideration when calculating your premium. Here are the major ones:
- Your license level - Not having a full license will cause your premium to be higher. Conversely, having a full license has a positive effect on your car insurance rates. New drivers looking for car insurance in Brampton may see higher rates due to this factor.
- Postal code - Insurance companies calculate premiums based on postal code regions. Brampton has 400. The average car insurance premium will vary for residents in each one.
- Mileage - Premiums are based on how many kilometers you drive a year. Insurance companies find your annual total by looking at the number of kilometers you drive per day. A Brampton driver who commutes to work in downtown Toronto drives approximately 40 km one way. That’s considered a long commute by insurance standards. The more time you spend on the road, the more likely you are to be involved in a collision.
- Car make and model - The more expensive the model of car you drive, the more you’ll be paying to insure it. However, insurance companies also pay attention to other factors, like whether your vehicle is prone to theft. If your car’s on the “most stolen” list, even if it’s not a status symbol, you could be paying more than average to insure it.
- Driving habits - Maintaining a record that’s free of claims and convictions will keep your premiums stable. Throughout the years, you will even see your insurance costs decline. However, car insurance rates for high-risk drivers in Brampton may be higher than the average rate.
- Age - Young drivers — think age 30 and under — pay the highest car insurance premiums, even if they don’t have any claims or convictions to their names. This is another reason why coverage providers might be hesitant to give new drivers in Brampton a cheap rate on their car insurance.
- However, being young isn’t the only way age can impact your car insurance rates. Adults between the ages of 50 and 70 get some of the lowest car insurance rates in Toronto. If you belong to this demographic, you probably have a long history of being insured and you might even have bundled your home insurance policy with the same provider of your auto insurance. After age 70, though, you might see your rate begin to creep up because people in your age group are more statistically more likely to need to file a claim and need longer to recover from an injury. Therefore, seniors in Brampton who hold car insurance policies may pay higher rates due to a higher rate of accidents in their age group.
- Coverage amounts - Buying coverage that exceeds what the law says is mandatory to have will result in a higher premium. Buying more coverage isn’t a bad idea if your car is a recent model. You can always ask your insurance company to downgrade your coverage later on.
- Your insurance history - In addition to having a poor driving history, your insurance history can also play a role in determining your rates. If you've filed mulitple claims or have a history of missing payments, you may be given a higher rate. New immigrants who need car insurance in Brampton may also face challenges because they have no Canadian insurane history at all.
- Having consistent income - Having a consistent source of income means you're less likely to get behind on your payments. This is why students looking for car insurance in Brampton may face challenges securing an affordable rate.
What types of auto insurance are offered in Brampton?
Third-party liability insurance and accident benefits - To operate a car legally in Ontario, you must have $200,000 in third-party liability insurance and at least $50,000 in accident benefits. This is a standard car insurance policy. It covers your liability as well as medical costs.
Collision - This will pay the cost of replacing or repairing your car if it’s involved in a collision. You must buy it extra.
Comprehensive - Adding this coverage to your base policy ensures you're covered if your car is damaged by anything other than a collision. For example, theft, vandalism, and falling objects.
Specified perils - This coverage only protects you against insurable perils that you specify.
All perils - This is a blend of comprehensive and collision insurance.
Facts and myths about driving in Brampton
- Here are the top three busiest intersections in Brampton: Steeles and Bramalea Road, Airport Road and Steeles Avenue, and Steeles Avenue and Goreway Drive.
- According to a 2018 study by Allstate Insurance, Brampton was Canada's sixth least safe city to drive in.
- Brampton has a bus transit network affectionately referred to as the "Zoom" system.
- Car insurance calculators will give Brampton drivers an accurate quote. False. You won’t get an accurate quote by inputting a few facts about your driving history. Insurance companies need more data than that. Take three minutes to complete a quote and speak with a Brampton car insurance bThere's no public transit in Brampton. False. Brampton has great public transit, including a new extension connecting to York University.
- Brampton is merely a suburb of Toronto without any real downtown core. False. Brampton's historic and bustling Queen Street strip is lined with shops, boutiques, and great restaurants.
- Brampton offers permit parking. False. Unlike many other GTA cities, Brampton doesn't offer permit parking.
Brampton driving tips
- Don't look up. Brampton is located beside Pearson International Airport, so planes can often be seen (and heard) whizzing by overhead. Avoid getting distracted — keep your eyes on the road, not on the sky.
- Try to avoid the 407 ETR unless you have a transponder. If you use the 407 ETR without a transponder, you'll be charged a $4.20 video toll fee, plus applicable rates, which can top $0.60 per kilometre during peak hours. Rates vary based on season.
- Keep up to date with construction. Major road construction is a constant in Peel Region. If you’re traveling in the area, plan accordingly.