Car insurance Peterborough, ON

Part of a series on car insurance rates in Ontario.

Fast facts about auto insurance in Peterborough

Average annual car insurance rate

Regular drivers in the city

Collisions per year (approximately)


Collision rate for the city

Average age

Average household income


Unemployment rate


Understanding car insurance in Peterborough, Ontario

More than just a collection of cottages east of Toronto, Peterborough is home to two post-secondary institutions, a zoo, several golf clubs, and—yes—many, many cottages.

It’s far enough east to sit outside the GTA, making it one of the few urban hubs between Toronto and Ottawa. This means that more of the city’s population can work inside the city, keeping commuting and road exposure to a reasonable amount, on average.

However, being in the heart of cottage country means that most people tend to get around by car rather than public transit. The bus system heavily caters to the student population and those living in the downtown area. Taking advantage of public transit could go a long way toward reducing your auto premiums.

Peterborough also has noticeably high crime rates in certain downtown areas, which can increase the chance of filing a claim, thus driving up insurance rates for both home and auto policies.

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 Peterborough

Myth: Peterborough isn’t safe to live.

Peterborough only had a crime severity index of 55.1 in 2016, surpassed by plenty of cities: Halifax, Montreal, and even Kitchener-Waterloo all had higher numbers. Having said that, certain areas of Peterborough do have high crime rates, and that’s going to affect both your home and auto insurance premiums because it raises the risk of any given person having to file a claim.

Myth: Peterborough’s public transit is unpleasant.

Actually, people who use the transit system have great things to say about it, for the most part. The hub-and-spoke routes don’t work for everyone’s commutes, but the busses are known to be reliable. It’s also getting an overhaul in the near future.

Myth: Finding work is difficult.

It’s true that Peterborough’s unemployment rate historically tends to sit on the high end of the spectrum for a city of its size, but that’s also due to a shrinking manufacturing sector in the city’s job market. The city is undergoing a substantial change, with the city’s General Electric plant shutting down close to the General Motors plant shutting down in Oshawa, only about an hour’s commute away. Still, opportunities are coming.

Myth: The rest of Peterborough is isolated cottage country.

Wrong again. Peterborough is a university town, home to both Trent University and Fleming College, with plenty of real estate right on the Otonabee River. It also has a municipal airport to the south and a zoo to the north, making it a well-rounded city.

How Peterborough’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 Peterborough

Live where there’s a low crime severity index.

According to the Peterborough Police Force’s community crime map, there’s a higher rate of criminal occurrences in certain areas of the city. Avoid living in areas featuring more criminal activity, such as Sherbrooke Street, Bolivar Street, Charlotte and Stewart Street, or the area around Parnell Street.

By the same token, living in neighbourhoods with lower criminal activity will likely have a positive impact on your insurance rates. Try finding your next home in the East City, Old West, around the hospital, in Kawartha Heights, or even University Heights.

Work downtown? Carpool or take public transit.

Reducing the distance driven in a year reduces your roadside risk, which can effectively lower your auto insurance premiums (all else being equal). It makes sense to reduce your driving exposure to make insurance more economical.

At the same time, Peterborough’s public transit system operates in a hub-and-spoke style. The routes reach outward from the downtown station. This means you could reduce your premium by taking the bus downtown instead of driving.

Avoid Peterborough’s worst intersections to reduce your chance of collisions.

You know some of them like the back of your hand, but that doesn’t mean you’re not at risk in these dangerous intersections:

  • Lansdowne Street and the Parkway
  • The Parkway and Clonsilla Avenue
  • Sherbrooke Street and Clonsilla Avenue
  • High Street and Lansdowne Street
  • Parkhill Road and Monaghan Road

Work in the city to avoid road exposure risk.

Most of Peterborough’s employment comes from within the city itself rather than other neighbouring cities. That’s an advantage for auto insurance because it means that people don’t have to drive as far to work on average.

That reduces the amount of risk from road exposure, lowering your premium compared to if you had to spend 2-3 hours commuting every day. Live close to work to reduce your premiums, all else being equal.

Sources for fast facts about Peterborough:

  • Statistics Canada, Peterborough 2016 Census Profile
  • Ministry of Transportation, 2016 Road Safety Report
  • MyKawartha.com, “Here are the 5 most dangerous intersections in Peterborough”
  • Crime Severity Index, 2016 Census
  • MyKawartha.com, “Top five most desirable neighbourhoods in Peterborough”
  • The Peterborough Examiner, “Ontario manufacturing hurting, says Peterborough chamber president”
  • Peterborough Crime Map, Peterborough Police

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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