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Car insurance Oakville, ON​

Part of a series on car insurance rates in Ontario.

Fast facts about auto insurance in Oakville

Average annual car insurance rate

Regular drivers in the city

Collisions per year (approximately)

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Collision rate for the city

Average age

Average household income

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Unemployment rate

Population

Understanding car insurance in Oakville, Ontario

Oakville is one of Ontario’s wealthiest and safest communities.

Oakville is also one of the safest communities in Canada, not just Ontario. According to the 2018 Crime Severity Index, Halton scored as the safest overall region in the country, and Oakville is a big part of the region. Low crime rates play a substantial role in reducing a community’s average car insurance rate. That is why Oakville’s auto premiums stay lower than many neighbouring communities, like Etobicoke, Hamilton, or Mississauga.

Oakville’s rates are still on the upper-middle part of the scale, and there’s a reason for that. It’s a bedroom community for Toronto, which means that many, many people commute back and forth on a daily basis. Like other commute-heavy regions (like North York), all of that extra time on the road increases the risk of collisions for individual drivers.

Oakville itself is framed by the 407 on its west end and the 403 running parallel to Lakeshore Road, both feeding the commuter traffic into Toronto.

Get your bundle on & save!

Want even cheaper insurance? Save up to 50% on home and up to 18% on car insurance when you bundle them.

Get your bundle on & save!

Want even cheaper insurance? Save up to 50% on home and up to 18% on car insurance when you bundle them.

Busting myths about driving and insurance in Oakville

Myth: Oakville’s wealth attracts crime, driving up insurance rates.

Not true. According to Oakville News, the 2018 crime severity index ranked Halton as the safest region in Canada, not just Ontario.

If you’ve had misgivings about moving to the town due to its close proximity with Mississauga or Burlington, then we’d recommend thinking twice. Both cities are much safer than most people think!

Myth: Kerr Street is dangerous.

Not really, no. Oakville is one of the wealthiest communities in Ontario, skewing how affordable areas might be perceived. Kerr is safe to walk at night and serves as a good, affordable place for young professionals and familities to start out.

In fact, the Kerr Street Underpass Project is set to rejuvenate the area and broaden transit accessibility, making it even more enticing.

Myth: Car insurance is more expensive in Oakville because living costs are high.

False. While Oakville’s average car insurance rates are moderately high, they don’t rise or fall based on the cost of living or real estate prices.

Many cities throughout Ontario have lower costs of living and higher average car insurance rates because of things like collision rates, claims rates, and crime rates (to say nothing of personal driving records).

Myth: Your kids will need to move away for school.

Not necessarily. Sheridan College calls Oakville home, and it has a good reputation for animation and multimedia design, in particular.

Unfortunately, students often say that Oakville doesn’t offer much for them, citing under-developed public transit and establishments geared for middle-aged patrons.

How Oakville’s rates compare to other cities in Ontario

  • North York: $4,261
  • Etobicoke: $4,199
  • Brampton: $4,071
  • Scarborough: $3,825
  • East York: $3,605
  • Woodbridge: $3,603
  • Richmond Hill: $3,579
  • Mississauga: $3,473
  • Markham: $3,389
  • Niagara Falls: $3,321
  • Bowmanville: $3,308
  • Peterborough: $3,259
  • Pickering: $ 3,245
  • Newmarket: $ 3,216
  • Hamilton: $3,201
  • Brantford: $ 3,158
  • Maple: $3,150
  • Whitby: $3,087
  • Ajax: $3,053
  • York: $2,999
  • Toronto: $2,983
  • Barrie: $2,924
  • Thornhill: $2,871
  • Waterloo: $2,867
  • Caledon: $2,780
  • London: $2,765
  • Fort Erie: $2,720
  • Oakville: $2,720
  • Sault Ste Marie: $ 2,713
  • Kitchener: $2,705
  • Milton: $2,680
  • St Catharines: $ 2,550
  • Windsor: $2,536
  • Woodstock: $2,513
  • Innisfil: $2,505
  • Burlington: $2,476
  • Kingston: $ 2,360
  • Cambridge: $2,297
  • Oshawa: $2,295
  • Guelph: $2,268
  • Gloucester: $2,256
  • Stoney Creek: $2,222
  • Nepean: $2,196
  • Ottawa: $2,195
  • Sudbury: $2,005
  • Kanata: $2,002
  • Thunder Bay: $1,973
  • Wasaga Beach: $1,958

Quick tips on insurance and driving in Oakville

Take the train into Toronto to reduce your driving commute distance.

There’s a direct correlation between how far you travel every day and how much you pay in insurance premiums. If you’re commuting to Toronto regularly then you have a golden opportunity to reduce your car insurance rates! Take the train, which takes about 35 minutes to get to Union Station. Less time on the road means lower risk and lower rates (generally).

Move to areas with lower crime rates to improve your car insurance.

Oakville has areas with greater and fewer instances of crime than the rest of the city, just like anywhere else. The Halton Police’s crime map shows that these areas show higher crime rates:

  • Southern Holton Heights
  • East of Castle Green surrounding the QEW
  • Neighbourhoods between Rebecca and Kerr

Have your child take a G road test in another city.

Oakville has some of the highest drive test failure rates in Ontario. Specifically, Oakville’s Drive Test carries a 43% failure rate for road tests to obtain a G2 license and a 45% failure on G license road tests. Brampton and Etobicoke have similar rates, so it’s best to avoid those locations as well.

Fortunately you can travel to Burlington, Hamilton, and Guelph to find Drive Test locations with higher success rates between 25% and 40%, often in the low 30s.

Don’t drive through downtown Oakville if you need to commute.

Oakville’s downtown core has just recently undergone Phase 1 of its Road Revitalization Project, having reopened Lakeshore Road in mid-November (2019).

There’s still a lot of construction on the way, however. If you’re in the market for a house and need to commute outside of the town for the foreseeable future, then it might be best to avoid properties near downtown. 

Oakville Insurance FAQs

How do Oakville car insurance quotes compare to other cities in Ontario?

On average, car insurance in Oakville is less costly than in many other GTA cities, especially Vaughn and Ajax, which have the highest average auto premiums of $2,179 and $2,104, according to a 2022 report

More good news, insurance prices in Oakville may also be less than Ontario’s average of $1,555 for drivers with clean records. In 2021 Oakville News reported that the city’s average car insurance rate was $1,380, comparable to the Ontario cities with the lowest average rates, such as Port Hope ($1,175) and Cornwall ($1,132). 

What can I do to get cheap car insurance in Oakville?

One of the best ways to get more affordable auto insurance rates in Oakville is to reduce how often you drive to Toronto. Consider carpooling or public transit to save money on insurance and gas if you commute daily. 

Insurance companies use your street address and postal code to calculate how much you pay for insurance. Living in Oakville neighbourhoods with the lowest crime rates and farther from busy roads like those surrounding the QEW and Oakville Place can help you save. 

No matter where you live in Oakville, you can lower your insurance premium by: 

  • Driving a safe, practical vehicle. 
  • Maintaining a good driving record and encouraging other drivers covered under your policy to do the same. For example, you could save up to 30% on insuring a new driver if they pass a government-approved driver training course
  • Bundling home and auto insurance with the same insurer. 
  • Before your current policy automatically renews, get a free quote from an insurance broker to find out if you can save with a policy from one of the companies they represent. You can start here

Learn more about how to save on car insurance in Ontario

What factors determine my car insurance quotes in Oakville?

In addition to broad factors like city and neighbourhood, individual factors play an essential role in how much Oakville residents pay for auto insurance. 

For example, with an average age of 39.7, Oakville locals are more likely to be experienced drivers. Years of experience combined with a history of at-fault accident-free driving makes you an attractive customer to insurers. 

Here are other crucial factors that determine the price of your car insurance in Oakville: 

  • The age, make, and model of your vehicle. Vehicles prone to theft or that would be expensive to replace also tend to be more costly to insure. 
  • Your gender, young male drivers are more likely to be involved in accidents. They pay more for insurance until other factors like age and safe driving experience are more prominent in determining premiums. 
  • Driving habits: For example, if you only drive short distances for leisure trips, you can save more than if you commute long distances to work regularly. 
  • Your insurance company and the specifics of your policy: You want to choose an insurer that offers you competitive rates, but it’s also vital that you secure enough coverage. While it might not make financial sense to insure an older vehicle for replacement, that coverage is generally worthwhile for a more valuable/brand new ride. 

Learn more about these factors here

We also recommend purchasing enough liability insurance to protect you if a driver in your family faces legal challenges after an at-fault accident. You can speak with one of our expert brokers to determine how much coverage is best for you. 

Sources about Oakville:

  • Stats Canada, 2016 Census Profile, Oakville
  • Ministry of Transportation, 2016 Road Safety Report
  • Oakville News, “Lowest Crime Severity Index in Canada is Halton”
  • Oakville.ca, “Kerr Street Underpass Project”
  • In Halton, “Oakville and Burlington Among the Worst Places to Take Your Driving Test in Ontario”
  • Google Maps, Ontario DriveTest Failure Rates by City
  • Halton Police Crime Map on CrimeReports.com

Source for average insurance rates by city:

  • Survey of 2,800 auto insurance policy holders in Ontario

Google Rating: 4.8

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