London Car Insurance: Get Cheap Auto Insurance Quotes

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Get the best London car insurance rates

London car insurance rates are known for being lower than or on par with the provincial average of $1,737 per month. Why do Londoners pay less? Comparatively, there are fewer highways, fewer accidents, and safer driving conditions.

We help London drivers save on car insurance by comparing quotes from our large selection of insurance companies. Our insurance experts will guide you through the quote process. We'll make sure you get the insurance you need for the best rate. Expect great value without sacrificing your coverage. Get started online or contact us today for a quote to save car insurance in London.

Top takeaways about car insurance in London

The average cost of London car insurance in 2024 is $ 2,222 annually.
Auto insurance premiums have decreased by 0.7% in London since last year.
Premiums have remained consistent from 2019 to 2024.

How to get car insurance quotes in London

Comparing quotes only takes a couple of minutes. Just follow these easy steps.

1) Start your quote

Begin your quote.

2) Tell us about yourself and your vehicle

Provide us with some basic personal, driving, and vehicle information.

3) Compare your quotes

See rates from the top providers.

Choose the best policy

Choose the best rate. Confirm the details with our experts and purchase your policy.

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How does auto insurance work in London?

A black SUV car is waiting for traffic signal at an intersection in London, Ontario

London drivers follow the same car insurance rules as the rest of the province. Auto insurance is mandatory. You must carry a minimum of $200,000 in third-party liability coverage. A basic policy also includes accident benefits, direct compensation property damage (DCPD), and uninsured automobile coverage. A basic policy includes accident benefits and uninsured automobile coverage.

Mandatory coverage in London

Here’s a brief explanation of the mandatory coverage all drivers have in their insurance policy:

Third party liability: This protects you if you cause damage to others’ property while driving.
Statutory accident benefits: Covers medical costs if you are injured in a crash.
Uninsured motorist: Protects you if an uninsured driver hits you.

Direct compensation property damage (DCPD) is still available as part of minimum coverage. However, as of January 1, 2024, it will be optional. You can opt out of DCPD protection using OPCF 49. A benefit of removing DCPD is you will have lower premiums. But you also increase your financial risk. Speak with our brokers to determine if this option is right for you.

Optional coverage for London drivers

Most people have more than the minimum required car insurance. They personalize their policy to meet their specific driving requirements. You can add optional coverage, including:

Collision insurance: Protects you against damage your vehicle sustains in a crash.
Comprehensive insurance: Protects you from damage because of non-driving events, such as theft or vandalism.
Specified perils insurance: Supplies coverage for perils that are listed in your policy.
All perils insurance: Combines collision and comprehensive. It protects all perils unless they are an exclusion in your plan.

5 star car insurance in London

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Kevin St Clair

2024-11-28

Betsy was a genuine pleasure to deal with considering the circumstances. Thanks again for all your help

Anthony Gomez

2024-11-27

Today, I want to take a moment to recognize Monica Chan, an exceptional insurance broker who has consistently gone above and beyond in her service to me. Monica's dedication to punctuality and consideration has been truly remarkable. She has always been prompt in responding to my inquiries and has never hesitated to offer her expertise and guidance. With Monica as my broker, I have never once felt worried about anything going wrong. Her proactive approach and attention to detail have provided me with peace of mind, knowing that my insurance needs are well-taken care of. Throughout our interactions, Monica has been incredibly helpful, patiently explaining complex insurance concepts and ensuring that I fully understand my coverage options. I wholeheartedly recommend Monica Chan to anyone seeking an insurance broker who genuinely cares about their clients' best interests. Her commitment to excellence and her willingness to go the extra mile make her an invaluable asset in the insurance industry.

Phyllis Baker

2024-11-20

Absolutely amazing service the broker Todd worked on my quote fast I recommend this company to anyone very professional I’m so glad I called them .. Thank you for your great work

Charles Cameron

2024-11-15

Betsy Bannon has been nothing short of amazing at helping us through the complex process of acquiring business insurance. She quickly understood our needs and expertly guided us to the right solution. From start to finish, she made us feel like her most important client which gave us the confidence that we were in great hands. We highly recommend Betsy!

Jermaine M

2024-11-05

I had a great experience with Patrick Vuong. He went above and beyond to help me update last minute changes to my policy in order to qualify for a government grant. Staying back late and coming in early the next day to help finishes the changes. Very kind and professional!

Mark Gaffney

2024-11-05

Betsy Bannon is a professional extremely friendly and knowledgeable and made my experience wonderful! Highly recommend her for any insurance needs. Mark Gaffney

fabian ward

2024-11-04

Great service! Prompt and very helpful! Thanks to Todd allan for really helping me out!

Stephen Mcfadden

2024-11-01

Great experience working with Sohel Rahman, appreciate his honest and can-do attitude. Highly recommend!

Recent London auto insurance quotes

2024/12/20

Shopper in LONDON, ON
Vehicle: TOYOTA HIGHLANDER 4DR 4WD 2003
CAA Connect	$1,059
CAA My Pace	$1,082
CAA	$1,114
Pembridge	$1,154
Savings from top 4 cheapest quotes	$95

2024/12/13

Shopper in LONDON, ON
Vehicle: TOYOTA COROLLA S 4DR 2015
Aviva Journey	$1,563
Aviva	$1,738
GORE	$2,179
Intact	$2,403
Savings from top 4 cheapest quotes	$840

How do I get cheap car insurance in London?

We know saving on car insurance in London is a priority. In addition to working with us to get a quote, here are some effective ways London drivers can get lower car insurance:

Keep a clean driving record
Choose an insurance-friendly vehicle
Increase your deductible
Bundle car and home insurance
Park in a garage
Ask about discounts you may qualify for
Use winter tires
Check prices with multiple insurance companies

What is the average car insurance cost in London?

The average cost of car insurance in London is approximately $ 2,222 annually. This is higher than the average car insurance in Ontario and in other areas, but still lower than the GTA. The city has some of the lowest rates compared to other large cities in the province.

Here’s a breakdown of how much you can expect to pay for different time periods:

Annually: $ 2,222
Semi-annually: $ 1,111
Quarterly: $ 555.50
Monthly: $ 185.16
Weekly: $ 44.72
Daily: $ 6.08

Rates are based on ThinkInsure customer quote data for Q1 2024 (Jan 1 to March 15, 2024)

London auto insurance premiums map

Average London car insurance rate compared to other cities info graphic

Sources: *FSRAO
2023 ThinkInsure customer quote data. Drivers with a clean driving record and standard coverage

London car insurance rates from 2019-2024

Fluctuations in insurance rates occur frequently, as they are determined by insurers using collected data on claims, repair expenses, accidents, and various other factors. Your driving history and eligibility for additional discounts also play a role in the changes observed. In the case of London, costs decreased during the pandemic, but are on the rise once again. Premiums decreased by 0.7% from 2023 to the first quarter of 2024.

Year	Average annual premium
2024	$ 2,222
2023	$ 2,238
2022	$ 1,924
2021	$ 1,761
2020	$ 2,143
2019	$ 2,107
Average rate (2019-24)	$ 2,066

London auto insurance premiums by driver type

How much you pay for auto insurance is dependent on your driver classification. Factors like age, demographics, driver classification, and driving record are taken into account by insurance companies to set your premiums. To assess the influence of these factors on your payments, we analyzed our customer quote data. This is what we observed:

Young drivers pay 46% more and mature drivers pay 27% less than the median cost.
High risk drivers pay almost 200% more than standard drivers.
Men pay more than women and single people pay less than married couples.
Getting a ticket or being in a collision will increase your rates by 25% or more.

	Premium	Monthly	Difference
Driver type
All drivers	$ 1,970	$ 164	0
Young drivers (25 and under)	$ 2,888	$ 241	46.60%
Middle age (25 - 50)	$ 2,168	$ 181	10.05%
Mature/senior drivers (50+)	$ 1,435	$ 120	-27.16%
High risk drivers	$ 5,892	$ 491	199.09%
Demographics
Male	$ 2,016	$ 168	2.34%
Female	$ 1,905	$ 159	-3.30%
Married	$ 1,683	$ 140	-14.57%
Single	$ 2,076	$ 173	5.38%
Driving record
Clean driving record	$ 1,970	$ 164	0
1 ticket within the past 3 years	$ 2,294	$ 191	16.45%
1 accident in 3 years	$ 2,484	$ 207	26.09%
1 cancellation in 3 years	$ 2,431	$ 203	23.40%
1 suspension in 3 years	$ 2,459	$ 205	24.82%

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Auto insurance rates in London compared to local cities nearby

London typically has more expensive rates than other local cities nearby. This generally has to do with the fact that the city is much larger and has more traffic. See the differences here:

City	Avg premium
St. Thomas	$ 2,005
London	$ 1,970
Chatham	$ 1,830
Woodstock	$ 1,779
Strathroy	$ 1,698
Tillsonburg	$ 1,686
Sarnia	$ 1,502

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What areas in London have the cheapest car insurance?

The area you reside in within a city can have an influence on your insurance expenses. In London, the postal code can impact your premiums. Here is a breakdown of premiums by postal code:

Area in City of London	Postal Codes	Avg Premium
East London	N5W	$ 1,801
Carling	N5Y	$ 2,056
Fanshawe, Stoneybrook, Northcrest, Uplands	N5X	$ 1,874
North London	N6A	$ 1,992
Central London	N6B	$ 1,300
South London	N6C	$ 1,922
London West	N6H	$ 2,226
Byron	N6K	$ 2,407

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London car insurance premiums by vehicle brand

Your car brand is a big factor to consider when comparing insurance premiums. Based on our consumer data, premiums can fluctuate by more than $1000. Here are rates by brand for Londoners:

Vehicle brand	Premium	Monthly payment
Honda	$1,897	$158
Toyota	$ 1,876	$ 156
Ford	$ 2,258	$ 188
Hyundai	$ 1,728	$ 144
Kia	$ 2,176	$ 181
GMC	$ 1,527	$ 127
Chevrolet	$ 2,390	$ 199
RAM	$ 1,784	$ 149
Dodge	$ 1,784	$ 149
Jeep	$ 2,003	$ 167
Subaru	$ 1,424	$ 119
Mazda	$ 2,310	$ 193
Nissan	$ 2,303	$ 192
Volkswagen	$ 1,746	$ 146
Mercedes	$ 2,635	$ 220
BMW	$ 2,169	$ 181
Tesla	$ 2,326	$ 194
Audi	$ 3,064	$ 255
Lexus	$ 1,122	$ 94

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About London and auto insurance

Driving in London has its fair set of challenges. There is minimal highway access to get across the city. With railroad tracks running through the middle of the downtown, congestion during rush hour is common. Fender benders are common at busy intersections. This is even more reason for Londoners to compare quotes regularly and ensure they have adequate car insurance.

The following provides more information about roadways, top attractions, parking, and transportation in the city:

Highways

401,402
Highways 2, 3, 4, 7, 22

Public transit

London Transit Commission

Ride-sharing

Uber

Road trips

Port Stanley Beach
Grand Bend
Bayfield
Pinery Provincial Park
Stratford

Parking

City of London

Top attractions

Springbank Park/Storybook Gardens
Bolar Mountain
Victoria Park
East Park
Sunfest

Worst intersections

Wellington and Exeter
Wellington and Commissioners
Highbury and Oxford
Wharncliffe and Oxford
Richmond and Oxford
Fanshawe Park and Adelaide

Airports

London International Airport

Car insurance for London driving conditions

The city gets its fair share of different driving conditions. Almost half of the days during the year have some form of precipitation. Even so, Londoners need a good car insurance policy to always protect them. With constantly changing weather it is necessary to check the forecast before leaving the house. Be ready to experience a variety of road conditions.

Make sure you have the best car insurance for driving in London by comparing coverage options from multiple providers.

44 mins

Avg. daily commute time

946 mm

Avg. annual rainfall

1,943 mm

Avg. annual snowfall

106

Rainy days per year

Snow days per year

Traffic and London auto insurance rates

These London stats reveal that it is a vibrant city with a lot of traffic on the roads. This translates to a considerable amount of driving that occurs. This can lead to accidents and increased auto insurance rates in London.

London, has a population of 422,324 (2021 census), making it the 11th largest in Canada.
It is located at the junction of Highway 401, connecting Toronto to the east and Windsor to the west. It also connects Highway 402 to Sarnia. The city is near Highway 403, which meets the 401 at Woodstock. This connects to Brantford, Hamilton, other parts of the Golden Horseshoe area, and the Niagara Peninsula.
Police reported 1,175 motor vehicle thefts in 2019. This is down from 1,234 in 2018, and 1,229 in 2018.
Police reported 418 instances of distracted driving and issued 2,018 speeding tickets in 2019. Drive safe to keep your insurance rates down at renewal time.

London driving tips

Here is some important information that can affect auto insurance costs in London. Use these tips to drive safely :

Avoid railway crossings downtown. They can significantly delay traffic. Choose a route with a bridge over the tracks.
Use Highway 401 to drive across the south end of the city.
Avoid all major streets during rush hour. Wonderland, Wellington, Oxford, and Fanshawe have significant traffic during this time.
There are a series of one-way streets in the downtown core. Be conscious of them when turning right or left.
Watch for red light cameras, roundabouts, and reduce speeds in subdivisions.
Watch out for students from Western University and Fanshawe College.

London car insurance FAQs

Is car insurance cheaper in London?

Yes, London is cheaper than many other cities in the province. It’s also more expensive in some cases. London car insurance costs about $1,400 annually. This is cheap compared to the provincial average. However, rates can be higher or lower based on your specific situation. Compare car insurance quotes to see how much you can save.

What factors affect car insurance costs in London?

The cost of car insurance premiums in London can be affected by many things. One of the biggest factors that can have a direct impact on your rates is your location. Your vehicle, driving history, drivers on your policy, theft, fraud, and more also matter.

These factors contribute to insurance companies arriving at different premiums. They are based on specific algorithms they use to determine rates. Policy costs can vary significantly between insurers for the same quote information.

Will London auto insurance premiums increase?

They may increase, but they may not. There are many factors that affect London car insurance premiums. Some you can control and others you cannot. Focus on the factors you can control to get the lowest rate. This includes the car you drive, your driving record, and being diligent with comparing quotes.

Does owning your vehicle reduce your car insurance premium in London?

No. Paying off your car loan will not reduce your auto insurance rates in London. But, when you own a vehicle outright, you have more options. This could help to reduce your premium.

What are the best car insurance companies in London?

You have access to a large selection of car insurance companies in London. Each insurer offers unique pricing, plans, and coverage. Therefore, it's important for you to find a company that offers a plan that meets your specific driving needs. This will be the best car insurance company for you.

ThinkInsure partners with the leading insurance companies in Canada. They include Aviva, CAA, Intact, Travelers, Wawanesa, Economical, Pembridge and so many more. You can get a quote from these providers anytime.

Start saving on London car insurance

Is it time to renew your car insurance policy? Make sure you're getting the lowest rate by comparing quotes with the top insurers in the country. We’ll quickly find you the best premium to help you save more on car insurance in London. Get a quote online or speak with an advisor today.

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Sources

* Based on the difference between the average lowest premium and the overall average premium in London for estimates completed from January 1 to March 31, 2023, for drivers with a clean driving record.

** Estimated prices are based on data entered by drivers with a clean driving record living in Living on ThinkInsure.ca.

*** Estimated premiums are based on data entered by individuals on ThinkInsure.ca from 2019-2022.

**** Estimated premiums are based on data entered by people on ThinkInsure.ca from January 1, 2021, to October 1, 2022.

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Cheap London Car Insurance Quotes

Find lower rates for London car insurance by comparing quotes and save $633*!

Compare London car insurance quotes from the leading providers

Get the best London car insurance rates

Top takeaways about car insurance in London