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Thunder Bay car insurance rates are lower than Ontario's average

Report says local premiums are about $1,488 annually.
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THUNDER BAY — Motor vehicle owners in Thunder Bay are paying significantly lower car insurance premiums than many cities in southern Ontario, and slightly less than the provincial average.

That's according to new data released online by ratesdotca.

It says the average Ontario auto insurance premium in December 2020 was estimated at $1,616.

In Thunder Bay the average cost of a policy was $1,488.

However, the eastern Ontario communities of Kingston, Brockville and Napanee had the cheapest premiums, about $1,100.

By contrast, auto insurance in the Greater Toronto and Hamilton Area cost as much as $3,000 (Scarborough), and generally ranged between $2,700 (Brampton) and $1,755 (Hamilton).

Ratesdotca says the Ontario average of $1,616 is nearly 10 per cent higher than the average cost of a car insurance policy in the province in December 2018. 

"Rates vary considerably from one municipality to another and between different insurance companies," says ratesdotca editor Liam Lahey.

He advises drivers to shop around by comparing policies and quotes.