According to a report by an online insurance marketplace, motorists who live in the north, east or west ends of Toronto typically pay more for auto insurance than those in the south of the city.
Kanetix.ca unveiled the results of its second annual list of the 10 most expensive and most affordable areas for car insurance in Toronto yesterday. Data from the list is based on Kanetix’s InsuraMap tool, which allows users to compare estimated auto insurance premiums based on their postal code.
“Where you live can directly affect what you pay for auto insurance, and as we see from InsuraMap, rates can vary sharply within a single municipality,” said Kanetix.ca vice-president Janine White. “That said, Toronto drivers in general, pay some of the highest premiums in the province, about 30% more.”
The report found that the estimated annual auto insurance rate for a Toronto driver is $1,886 – that’s $438 more than the average rate of the province of Ontario, at $1,448.
The top 10 most expensive neighborhoods in Toronto for this year, according to Kanetix, are:
| Rank |
Postal Code |
Established Premium |
Neighborhood |
| 1A |
M1B |
$2,595 |
Malvern, Scarborough |
| 1B |
M1X |
$2,595 |
Rouge, Scarborough |
| 3A |
M3N |
$2,428 |
Glenfield-Jane Heights, North York |
| 3B |
M6E |
$2,428 |
Oakwood Village, Toronto |
| 3C |
M6M |
$2,428 |
Keelesdale-Eglinton West, York |
| 3D |
M9M |
$2,428 |
Humber Summit, North York |
| 3E |
M9V |
$2,428 |
Mount Olive-Silverstone-Jamestown, Etobicoke |
| 8A |
M3J |
$2,388 |
York University Heights, North York |
| 8B |
M9L |
$2,388 |
Humber Summit, North York |
| 10 |
M9W |
$2,261 |
West Humber-Clairville, Etobicoke |
On the other hand, the top 10 least expensive neighborhoods for auto insurance were:
| Legend |
Postal Code |
Neighborhood |
| 1 |
M6H |
Palmerston-Little Italy, Toronto |
| 2 |
M6G |
Dovercourt-Wallace Emerson-Junction, Toronto |
| 3 |
M6B |
Forest Hill North, Toronto |
| 4 |
M6C |
Forest Hill North, Toronto |
| 5 |
M5P |
Yonge-Eglinton, Toronto |
| 6 |
M4R |
Yonge-Eglinton, Toronto |
| 7 |
M4N |
Bridle Path-Sunnybrook-York Mills, North York |
| 8 |
M4P |
Mount Pleasant West, Toronto |
| 9 |
M4S |
Mount Pleasant West, Toronto |
| 10 |
M4T |
Rosedale-Moore Park, Toronto |
| 11 |
M4K |
Broadview North, Toronto |
| 12 |
M4W |
Rosedale-Moore Park, Toronto |
| 13 |
M4V |
Casa Loma, Toronto |
