2015 Car Insurance Prices Across Canadian Provinces

Arc Insurance_Infographic_Final (1)In 2014, we posted an article highlighting the average car insurance prices across the provinces. Times have changed, and so have auto insurance rates! Read on for an updated breakdown of insurance rates in Canada, from most to least expensive. The insurance prices were taken from data collected in 2015. We will also compare the insurance rates to the median family income, taken from the 2013 census.

 

10. Ontario - $5567 average annual premium

  • Median family income in 2013 - $76,510
  • Change from 2013 - + $4286/year
  • The most expensive premiums in Canada, with 7.3% of family income going to automobile insurance

 

9. Alberta - $2897 average annual premium

  • Median family income in 2013 - $97,390
  • Change from 2013 - + $1893/year
  • 3% of family income is spent on auto insurance.

 

8. Prince Edward Island - $1937 average annual premium

  • Median family income in 2013 - $70,270
  • Change from 2013 - + $1242/year
  • 8% of family income is spent on auto insurance

 

7. Newfoundland - $1933 average annual premium

  • Median family income in 2013 - $73,850
  • Change from 2013 - + $1184/year
  • 6% of family income is spent on auto insurance

 

6. Nova Scotia - $1887 average annual premium

  • Median family in 2013 - $70,020
  • Change from 2013 - + $1152/year
  • 7% of family income is spent on auto insurance

 

5. New Brunswick - $1849 average annual premium

  • Median family income in 2013 - $67,340
  • Change from 2013 - + $1121/year
  • 7% of family income is spent on auto insurance

 

4. British Columbia - $1717 average annual premium

  • Median family income in 2013 - $74,150
  • Change from 2013 - + $605/year
  • 3% of family income is spent on auto insurance

 

3. Quebec - $1364 average annual premium

  • Median family income in 2013 - $72,240
  • Change from 2013 - + $722/year
  • 9% of family income is spent on auto insurance

 

2. Manitoba - $1211 average annual premium

  • Median family income in 2013 - $72,600
  • Change from 2013 - + $184/year
  • 7% of family income is spent on auto insurance

1. Saskatchewan - $1163 average annual premium (1.4%)

  • Median family income in 2013 - $82,990
  • Change from 2013 - + $114/year
  • The cheapest premiums in Canada, with only 1.4% of family income being spent on auto insurance

 

Do you need car insurance? Get a free, no obligation online auto insurance quote today! ARC offers competitive rates in the ever evolving auto insurance climate.

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