We can help you find cheap car insurance in Peterborough.
Peterborough drivers don’t have to deal with the day-to-day gridlock and sky-high auto insurance prices of big cities like Toronto.
But Peterborough drivers still need to shop around for the best insurance rates to keep their vehicle ownership costs down.
We can help with that. At LowestRates.ca, you can compare Peterborough auto insurance quotes from multiple insurance companies in just minutes.
We’ll connect you with a Peterborough car insurance broker or agent who will lock in your new rate.
Keep reading to learn more about how car insurance works in Peterborough.
Ready to start comparing now? Enter your postal code and we’ll get to work finding you a better price on your Peterborough car insurance.
Your questions about car insurance in Peterborough, answered.
How much is car insurance in Peterborough?
Because car insurance companies take many different variables into account, the cost of car insurance in Peterborough will vary for everyone. Without a clear view of your driving history and your insurance needs, it’s hard to estimate your Peterborough car insurance costs.
We recommend applying for quotes and not relying on Peterborough car insurance calculators. When you apply for quotes, you will be asked to answer more detailed questions about the car you’re looking to insure, the number of people expected to use it, as well as your driving and insurance histories. To get a better sense of how much car insurance in Peterborough will cost, you’ll need to provide more information than calculators usually require.
Which Peterborough postal code has the highest average car insurance premiums?
According to LowestRates.ca data, the Peterborough postal code with the highest average car insurance premiums is the K9K region, just west of the city’s downtown.
Which Peterborough postal code has the lowest average car insurance premiums?
According to LowestRates.ca data, the Peterborough postal code with the lowest average car insurance premiums is the K9J region, just south of the downtown.
How do Peterborough car insurance rates compare to other cities in Ontario?
Using LowestRates.ca data, we benchmarked Peterborough car insurance prices to other communities in Eastern Ontario to see how they compare:
- Bobcaygeon 34% lower
- Lindsay 5% lower
- Port Perry 3% higher
- Oshawa 24% higher
While geography does play some part in determining your car insurance premiums, we recommend focusing more on the variables you can control. Namely, your driving record.
Compare Peterborough car insurance quotes online and see which Canadian car insurance companies favour you. There's usually a wide variation in prices.
Where do I get the cheapest car insurance quotes in Peterborough?
There isn’t one car insurance company that offers cheap auto insurance quotes to every Peterborough driver that applies for a policy.
Car insurance premiums are highly customized products, tailored to your driving history.
If finding cheaper auto insurance rates in Peterborough is your goal, we recommend focusing on reducing your own risk by being a safe driver. You can also find better auto insurance quotes in Peterborough by shopping the market ahead of your policy’s renewal date.
Different car insurance companies offer different rates. We can help you find a car insurance company serving Peterborough that can offer you a lower rate.
What factors determine my car insurance rates in Peterborough?
There are a number of factors that determine your car insurance rates in Peterborough. Here are some to consider:
- Your mileage
- Your postal code
- Your driving record
- Your age
- Your policy type
Car insurance rates for Peterborough seniors
Adults between the ages of 50 and 70 pay some of the lowest car insurance rates in Peterborough. After age 70, you might see your rate begin to increase. If you do see your rates begin to climb, it may be time to shop around for new automobile insurance in Peterborough.
Car insurance rates for Peterborough students
Car insurance for new drivers in Peterborough is expensive, due to new drivers lacking a driving track record. Here are some strategies new drivers can try right now to make your Peterborough car insurance more affordable:
- Get on your parents’ insurance.
- Apply for student discounts offered by your insurance company.
- Complete a driver’s education course.
It can be challenging for new drivers to find cheap car insurance in Peterborough. However, we’ve found that young people can find dramatic savings by comparing Peterborough car insurance quotes.
Peterborough car insurance rates for new immigrants
Ask your old insurance company to provide a reference to your new Ontario insurer. If you can prove that you have a history of being insured, it will reduce your car insurance costs.
Peterborough car insurance rates for high-risk drivers
It’s hard to find cheap car insurance in Peterborough as a high-risk driver but there are insurance companies that cater to high-risk drivers. You can always purchase facility insurance, which is a pool that is funded by Canadian insurance companies to offer coverage to high-risk drivers.
More tips on reducing your car insurance premiums in Peterborough
- Install snow tires. Peterborough gets much more snow than towns near Hwy. 401 do, so remember to equip your vehicle with tires that have the proper tread. Not only will this help keep you safe, but it will also net you a winter tire discount from your car insurance company.
- Be mindful of the reduced speed limit on roads nearby schools and universities. Avoiding accidents by practicing defensive driving will help keep your car insurance low.
- As you age, you can expect to see your car insurance premiums shrink. You can accelerate the process by signing up for a telematics program, which gives your car insurance company has the ability to monitor your driving habits via a smartphone app. You'll get a small discount upfront on your annual premium when you sign up plus another discount at renewal.
- Another note on safe driving in Peterborough: take extra care on those one-way streets. Like many mid-sized Ontario towns, Peterborough's main streets are one-way. George Street runs south and Water Street runs north. Be careful when you enter and exit these one-way streets and look out for drivers who aren't familiar with them.
About the Author
Alexandra Bosanac is the Core Content Manager for LowestRates.ca. Her reporting has appeared in Canadian Business, the Toronto Star, the National Post, and the CBC.