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1 - Fill us in

Answer some basic questions about your Car and Driving History. It’ll help us give you the most accurate quote possible.

2 - Select your coverage

Based on your details, we’ll share the coverage option we think is best for you. Stick with our reco, or adjust it as you’d like. You’re in control, after all.

3 - Seal the deal

Once you’re happy with your quote, it’s time to check out. Pay via credit card or automatic bank withdrawal – whichever is easier for you.

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With New Street insurance, you can purchase your coverage easily over the phone.

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Insurance doesn't have to be complicated

Let us explain

Our Online Insurance quote comparison site makes it simple to shop over 30 markets in seconds – just fill out our quick online auto insurance application with your (driver details, driving experience, Postal Code, vehicle model, make etc.), and we’ll do the rest finding you the cheapest auto insurance rates available in Ontario.

Once you’ve finished your online quote, one of our licensed insurance brokers will be able to help lock in your rate with the insurance company and get set up with your new insurance policy. If you have any questions in the process or just want to do a quote with a licensed insurance broker over the phone from the start call us directly at 1-800-926-3070 and one of our staff will be happy to assist you.

What factors affect the cost of car insurance in Ontario?

Many Factors are taken into consideration, but what it comes down to is how likely you are to make a claim and how much that claim is going to cost to the insurance company. Each insurance company evaluates the risk differently which is why two companies quoting the same person can have much different rates.

The most common factors are:

-Geographic Location of the driver
-What type of Vehicle
-Driving Record
-Driving Behaviour
-Paying On Time

Geographic Location  

Living in the GTA we always hear why Is Insurance so expensive living In Toronto, Etobicoke Brampton, Mississauga?

Since Ontario’s geography is so diverse, with everything from rural countryside to massive metropolitan centres like Toronto, rates will vary across the province.  Rates may vary depending on whether you live in an urban or rural area. Often, people who live in high-population density areas will have higher rates. With more cars in urban areas, the probability of more accidents and vehicle theft is greater than suburban or rural areas. If you live in an area with a low-population density (e.g. Orillia, welland or Stratford areas) your insurance will most likly be way less than if you lived in the suburbs on (Hamilton, Burlington, Oakville) or downtown.

Here is an example of how postal codes can change the rates. For this example we will use A house hold with a 35 year old female and a 38 year old male with clean driving records both driving 2020 honda civics licensed since 16 always with insurance history.

Welland, ON L3B 5N7


 What Type Of Vehicle You Drive 

After the car manufacturers conduct independant vehicle saftey reports, car insurance providers will often develop vehicle safety ratings by collecting a large amount of data from customer claims and analyzing these industry safety reports. Insurance companies will offer discounts to customers who drive safer vehicles or vehicles with advanced saftey features like autonomous breaking. Autonomous breaking will often give you a 15% discount depending on the insurer. 










The goal of the insurance companies is to accurately measure how much its going to cost them if a claim happens and if you drive a super charged sports car insurers might view that as a more suceptible risk to vehicle getting damaged, occupant injury, and theft. 

Driving safer rated vehicles like the Tesla Model S can mean huge discounts on insurance. Unlike the very common Honda Civic two door coupe which are one of the country’s most popular vehicles, their below average safety ratings and high risk for thieft make them more expensive to insure.

Before buying a new vehicle its always a good idea to get a quote on the insurance first. Does the car have a strong safety ratings? Is this specific model often stolen or hijacked? These can make serious differences in the cost of insurance.

What Is A driving record

A driving record is like a report card for your driving history, it shows when you were licensed how many years of insurance history you’ve had. Any gaps in insurance and if youve had any at fault claims in the past 6 years or tickets within the last three. No matter what your age is when you start driving the number of years behind the wheel will greately affect how an insurance company rates your risk of making a claim. Depending on how many tickets or accidents you have will directly determine affect you rate. Regardless of if you’re a perfect driver with tons of experience, a brand new driver with none or a driver with a few hick ups in recent years our staff will be happy to help show you all your options. Because an accident can have serious issues on your driving record for 6 years we always reccomend getting accident forgiveness if you quailify for it. This allows for one at fault claim without your insurance premiums rising. We are also able to offer 6 month policies in order to match when your tickets are going to fall off, so you can start saving more money right away.

What Is Driving Behaviour

Driving Behaviour is your day to day routine how many km you drive to work if you commute at all and how many kilometers annually you drive. The more you drive the higher the probability that something could happen. With recent advances in technology several companies including Intact have made Apps you download on your phone that give additional saving by tracking to reward smooth driving Habits.

If you do happen to have a cancellation Non-pay depending on your current insurance company it can increase you rate drastically. The insurance company might decide to cancel your policy or non renew your policy if you have to many late payments.We understand that times can be tough and making the bill payments at times can be hard. Auto Insurance is super important and the payments must be kept current in order to maintain the policy. At New Street Insurance we have the right markets to help you thought this and get you back on your feet.

There are many discounts that will help lower your insurance rates, and a few devices that will keep them from going up.

Winter Tire Discount


Dashboard Cameras

Increasing your deductable

Driver Training

Winter Tires Discount

Should I get Winter tires? Winter tires offer not only better protection in winter conditions but they also give you up to 5% savings on your annual insurance rates. More importantly than just thinking about the 5% discount is the saftty of yourself and lowering your chances of getting into an accident. A small 100 dollar claim can cost your 1000’s over the next 6 years in additional rates from having a claim.

Almost every insurance company will give you large discounts for Combining both home and auto insurance. The savings range from 5 – 10% on your home and up to 17.5% on your automobiles depending on the company.  The same is true when having multiple vehicles in the same household. Typically for every additional car with the same insurer each car will recieve an additional 10% multi-vehicle discount.

Dashboard Camera

Do I need A Dashboard Camera?

A dashboard camera doesn’t lower your insurance price off the bat but it can come in very handy while handling a claim. “Unfortunately Many collisions come down to one persons word against anothers but with dash cam footageits much clearer to identify and show what really happened.”

Everyone knows that car insurance for new and young drivers can be expensive. When you complete an approved government drivers program, insurance companies will often offer great discounts between 10 to 25 % on your annual insurance premiums. Besides getting the added driving practice to lower your risk of getting into an accident and improving your competitence  the savings in the first year of discounts often more than pays for the driving training course itself.  

A deductable is the amount og money you pay out of pocket when you make an at fault claim. Deductables are usually a specific amount amount of money ranging from 500 to 5000 dollars depending on the type and class of vehicle. For Example if you have a deductable of $500 and have an at fault accident that costs $10,000 to repair your car. You would have to pay the $500 deductable our of pocket as your deductable and then the insurance company would cover the remaining $9,500 (or up to the policy limit). 

Deductable are used as a wya to share the risk between the insuranc ecompany and the policy holder. This prevents most people from making many claims without having any responcibility. They usually only apply to damage of your own property. You are able to have different limits for both comprehensive and collision coverage.

How does the Deductable affect the premium?

Usually the lower the deductale the higher your premium will be, If you have a lower deductable you have more coverage from the insurance provider and have to pay less out of pocket in the cost of a claim. A higher deductable would lower the cost of your insurance premium. 

The Financial Services Commission On Ontario (FSCO) regulates all car insurance rats in Ontario. This encourages a fairer rate and consumer protection. All changes to insurance rates first must be sumbitted and approved by FSCO. These regulations are determined in the interest of offering drivers and other motorist adequate protection while on the road.

The main factors that affect the car insurance costs in Ontario are total payable claims which are made up of:

Greater Driver Risk: Due to the high population density the amount of accidents and vehicle thefts happen at a much greater rate than other provinces.

Cost of Claims: The cost per claim and regularity of them happening is increasing

Increased Auto Theft: Auto theft rates have been on an increase in recent years.

Insurance Fraud: Fraud drivers greately increase the cost of coverage.

FSCO adjusts the rates of autoinsurance in ontario quarterly.

Insurance companies can apply to have thier rates increas. When this occes because of changes in coverage offerings and to help balance the lose ratios of insurance companies. Requests to FSCO from the insurers must be accepted and deemed reasonable in order for a change to be made. FSCO can also force insurance companies to lower their rates and adjust them when changes are made to the auto insurance system.

These numbers show the summary of rate change over every quarter since 2014 

Ontario Auto insurance 101

What Coverages do I need and what do they mean?

Every province has compulsory minimum insurances that you must have as part of your policy in order to drive a vehicle in that province. In Ontario, the standard car insurance policy includes the following components that are mandatory by law:

  • Accident Benefits
  • Direct Compensation-Property Damage
  • Third-Party Liability
  • Uninsured Auto coverage

Limits Required by Law

Uninsured Motorist Coverage

If you’re injured in an accident, your Uninsured Automobile Coverage protects you for two scenarios. The first is if you’re in an accident with a driver who doesn’t have insurance, and the second is if you can’t identify the vehicle; for example, if you’re a victim of a hit and run.

Third party Liability:

$500,000 coverage

Accident Benefits

If you’ve been injured in a car accident, you may be entitled to certain financial benefits that will help you while you’re recovering. Statutory Accident Benefits Schedule (or SABS) is the provincial regulation of benefits, standardized among insurance companies. Statutory Accident Benefits provide compensation, regardless of fault, if you, your passengers or pedestrians suffer injury in an automobile accident.

Accident Benefits Coverage:

$65,000 for Non-catastrophic injuries (such as broken bones or whiplash).

$1,000,000 for Catastrophic injuries (loss of limbs, spinal cord injuries, etc.).

$250 per week for first dependant along with an additional $50 per week for each additional dependant.

$100 per week for housekeeping and home maintenance expenses in the event of catastrophic injuries

Uninsured Motorist Coverage

If you’re injured in an accident, your Uninsured Automobile Coverage protects you for two scenarios. The first is if you’re in an accident with a driver who doesn’t have insurance, and the second is if you can’t identify the vehicle; for example, if you’re a victim of a hit and run.

Uninsured Automobile Coverage:

Any damage, injury or death that occurs from an accident involving an uninsured driver or a hit-and-run.

Direct Compensation – Property Damage

If you’re ever in an accident that’s not your fault, Direct Compensation Property Damage (DCPD) may cover the damage to your car and everything in it. Let’s say you get into a collision and it’s the other driver’s fault. Your car gets damaged so you make a claim to your insurer. It’s your insurer who pays for the damages. There’s no lawsuit between the drivers in this situation. If the other driver is only 50% at-fault, DCPD will only cover 50% of the damage to the car, the things in it, and the loss of use.

To view the standard Ontario Automobile Policy (O.A.P.1), please click here.

Direct Compensation – Property Damage Coverage:

This will cover any damage to your car and its contents in the event of an accident that was not your fault.

The minimum amount of coverage required in Ontario is $500,000. This would cover any property damage, injury or death caused by an accident you are found to be responsible for. The minimum amount of coverage doesn’t include all eventualities so to ensure you get the coverage you specifically need, consult with one of our agents.