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Mississauga is part of the Greater Toronto Area (GTA), but is a city in its own right. Indeed, it is the sixth-largest municipality in Canada with a population of 713,443. This makes it more populated than Vancouver, Winnipeg, and Quebec City. Because of its high population, Mississauga has some of the busiest roads in Canada, and unfortunately some of the highest auto insurance rates.
Bordered by Toronto to the east, Brampton to the north, Oakville to the west, and Lake Ontario to the South, Mississauga is bang in the middle of high-insurance premium territory.
As a part of the Greater Toronto Area, Mississauga is steeped in Ontarian history and has consistently grown over the decades to become the largest suburb in Anglo-America by population.
Mississauga is actually a relatively new city. Early development started in the 1920s when Toronto residents began building leisure cottages on the shores of Lake Ontario. Small towns started to operate around this tourist location, a collection of villages that would one day form Mississauga. The town was created officially in 1968 when the townships of Lakeview, Cooksville, Lorne Park, Clarkson, Erindale, Sheridan, Dixie, Meadowvale Village, and Malton were amalgamated.
It was a controversial decision that is still a bone of contention today, but Mississauga had been created. The town continued to grow in terms of stature and population over the proceeding decades until Mississauga was granted full city status in 1974.
Auto Insurance Mississauga Ontario
Mirroring a trend for populated areas in Ontario and especially the GTA region, Mississauga has auto insurance premiums that are higher on average than other provinces. In fact, insuring a car in the city is very expensive. Its Greater Toronto standing means the city is home to among the highest insurance rates in the whole of Canada.
The GTA region dominates the top 10 highest markets for car insurance in Ontario and across the country. Mississauga is no exception, taking its place as the fifth most expensive auto insurance market in Canada. Customers in Mississauga can expect to pay around $1,950 for an average car insurance policy, a figure that is above the $1,538 provincial average for Ontario.
Paying 26 percent more than the provincial average means covering a vehicle in Mississauga is a prohibitive cost. It is a hot topic debate why premiums are so high in Ontario, but rife insurance fraud and the busiest roads in the country play a significant role.
In recent years, the government of Ontario pledged to lower auto insurance rates by 15 per cent. The goal was in motion with a 9.2 percent decrease in the second quarter of 2016, but unfortunately the Financial Services Commission of Ontario (FSCO) recommended increased premiums in the third quarter. The result is drivers in Mississauga are unlikely to see prices falling any time soon.
Like the rest of Ontario, there is a set way in which the private insurance industry calculates auto insurance, but some of the most common criteria include:
- Driving experience
- Driving record
- Use and location of your vehicle
- The type of vehicle you drive
- The amount of coverage you’ve selected
- Your age and gender
The Ontario government requires insurance companies provide consumers with some basic auto insurance coverage benefits, such as Third-party liability, Accident Benefits Coverage, Uninsured Automobile Coverage, and Direct Compensation/Property Damage Coverage. Each of these mandated benefits can be seen in detail on our full Ontario landing page.
Auto Insurance Quotes in Mississauga
It is important to understand that in Mississauga, there is no such thing as cheap car insurance. The best customers can hope for is to find the most affordable policy that meets their insurance needs. Getting the very best deal is so important in Ontario because of the high premiums costs in the province.
The best way ensure the most affordable policy for you is to shop around. Yes, we all remember the days of shopping around before the internet. It was infuriating, slow, and most times customers would just choose the first deal. The good news is there is no need to accept the first deal anymore. Shopping around for insurance is easy and could save you hundreds of dollars on your policy.
ShopInsuranceCanada.ca provides a leading quote engine that makes shopping for auto insurance in Mississauga easy. With our tool, you will be presented with a list of easy to answer questions and be given the most affordable quotes in seconds.
We scour more than 25 of Canada’s leading insurance providers to come up with a list of quotes that offer you the very best coverage at the very best price. Our team of brokers—not agents—works for you, not an auto insurance company. We are based in the Toronto, so understand the market and the challenges of insuring a vehicle in the city. Shop Insurance Canada can quickly provide impartial advice when it matters most. We act as an intermediary between you and the auto insurance companies to find you the lowest Toronto car insurance quote available.
Other ways to save involve buying the right car. Generally, the safer the vehicle, the lower the premium, which is why larger,
safer vehicles are often cheaper to insure. Furthermore, avoid performance vehicles—these cars are notoriously expensive to insure because companies know drivers will be tempted to drive them aggressively.
Also, don’t modify your vehicle. Vehicles are not usually designed to handle performance modifications—engines and drivetrains are manufactured to handle specific stresses and temperatures, so modifying a stock vehicle can make it unsafe. If you do want to modify your vehicle, you must tell your auto insurance company, and as a result, your premium may increase, depending on the modifications.