Well, that depends on a few things. We look at several key factors when calculating your auto insurance premium (and so do other insurance companies):

• Your car make, model, and year are taken into consideration when quoting you a price. The kind of car you have determines its value, safety features, and how much it would cost to repair damages.
• How you drive your car in addition to the number of kilometers you drive every year, including daily commute and business use.
• Your driving record, which includes things like the number of years you've all been licensed for, speeding tickets, and accidents.
• The area in which you live affects premiums - whether it's Toronto, Mississauga, or Bolton.
• The coverage and add-ons you choose might cost more but can provide you with additional benefits that could save you money in the event of an accident.
• We offer ways to save with preferred rates for professionals and alumni being one of the ways. Check out the section below for more information on how to save on your insurance.

Learn more about how auto insurance premiums are calculated

Here are a few simple tips that can help you save on car insurance in Quebec:

• Insure all your cars with us so you can make the most of our "multi-vehicle discount."
• Insure both your car and home with us so that you qualify for a "multi-line discount."
• Increase your deductible – insurance is really meant to cover you for damages you could never afford on your own. Generally speaking, a higher deductible can mean a lower premium.

• Think about removing collision coverage if you drive an older car. This means weighing the cost of the collision coverage with the value of your car and chosen deductibles.
• Maintain a great driving record – the safer you drive, the more you could save. By downloading and using the TD MyAdvantage app, which collects and analyzes driving data, you could receive a discount on a portion of your future premium.⁴
• Consider driving a "low-risk" vehicle. Insurance premiums are based on previous claim history, so the more likely the vehicle is to be stolen or in an accident, the more you'll pay for insurance.
• Have an approved, factory-installed anti-theft device installed in your car. We will automatically take this into account when deciding your premium. You would have to opt to have this installed after you get your car, though.

Learn more about how you can save on car insurance

Once you've decided on the right kind of auto insurance coverage and deductible amounts with your insurance provider, you will pay for an insurance premium. This will provide you financial protection against physical damage or bodily injury that can happen from traffic collisions. It can also cover liability costs if you ever injure someone else or their property in a car accident. With enhanced and special coverage options, you can explore ways to add extra protection also.

To be eligible for auto insurance, you (and all the drivers you wish to include in the policy) must have a valid driver's license. Insurance companies will look at your prior driving record to determine eligibility and rates. Other eligibility restrictions may arise from past convictions. This too will vary depending on when your last conviction occurred and the nature of the conviction.

Other insurance conditions may arise depending on the type of vehicle, its use, and any customizations or modifications made to the vehicle. For example, if you've altered your vehicle to enhance its performance or appearance, most insurance companies would need to assess the vehicle to determine if they could insure it. If you plan on modifying your vehicle, call us first! We will let you know if the changes you plan on making could have an impact on your policy and your premiums.

Learn more about Car Insurance Eligibility and Restrictions

If you're looking for an auto insurance quote in Ontario, you can get one by using our online quoter. It's fast and will provide you with a personalized quote in a few minutes. As a resident of Ontario, you will even get 5% off eligible coverage† automatically when using our online quoter for a car insurance quote. These are some of the steps involved in getting a car insurance quote from us.

Step 1: Enter your information. This includes details about the vehicle(s) and driver(s) that are to be included on the policy. You may be eligible for certain discounts based on the information you provide.

Step 2: Select group affiliations. You can select up to three eligible alumni, employer, and professional associations to get the best preferred rate for you and save even more!

Step 3: Review quote summary. You can review your quote or modify coverage, if needed. The quote will also be emailed to you. The emailed quote will be valid for 45 days, if the driver and vehicle information you provided, and the coverage options you selected remain unchanged.

Step 4: Make the call! When you're ready, let us call you or you call us to complete your purchase.

Step 5: Email confirmation. Receive immediate email confirmation of your policy, along with temporary proof of insurance.

Keep in mind that the minimum car insurance coverage required is determined by the Government of Ontario and that may differ from Quebec, New Brunswick, Newfoundland/Labrador, Nova Scotia, Prince Edward Island, and Alberta. Premiums may also vary depending on the area in which you reside.

^‡Conditions apply. Subject to eligibility rules.
 Note: You may not always be given the option to buy online. If this happens, we encourage you to call and speak to one of our licensed advisors, or let us call you!

¹ Nationally, the 744 new TD Insurance customers who were surveyed between March 4^th, 2024 to March 18^th, 2024 and July 5th, 2024 to July 17th, 2024, who reported their annual car insurance premiums paid to their previous insurance provider and who reported their annual car insurance premiums payable to TD Insurance upon switching their car insurance policy, reported an average annual premium savings of approximately 24%. The survey sample consisted of new customers who switched their car insurance policies to TD Insurance between August 1st, 2023 to June 25th, 2024. It was conducted with a 95% confidence interval and produced a 2% margin of error. These survey results do not include customers in British Columbia, Manitoba or Saskatchewan. Savings amounts are not guaranteed; actual annual premium savings obtained nationally from switching car insurance policies to TD Insurance varies based on each customer's individual insurance profile and province of residence. Certain conditions, limitations and exclusions apply to all offers.

² In order to be eligible for the Buy Online Discount for car insurance, you must meet eligibility requirements to buy car insurance online and complete your purchase of this insurance online. Note: You may not always be given the option to buy online. This may occur, for example, if information provided requires additional verification or if your purchase must be completed with an advisor based on your specific insurance needs. If you are unable to buy online, we encourage you to call and speak to one of our licensed advisors or let us call you!

Offers may be changed, withdrawn or extended at any time without notice.

• 10% Auto Insurance Savings (Ontario)

10% savings off eligible coverage in the first policy term is derived from a combination of two separate discounts:

- a 5% Digital Discount for completing the auto insurance quote online, applied when the auto insurance purchase is also completed online. The Digital Discount will continue to be applicable upon policy renewal.

And

- 5% Buy Online Discount in the first policy term for completing the auto insurance purchase online.

Both the Digital Discount and Buy Online Discount are applicable to premiums charged for each of the following coverages: Bodily Injury, Property Damage, Accident Benefits, Uninsured Automobile, Direct Compensation - Property Damage, All Perils, Collision, Comprehensive, Specified Perils, and OPCF 44.

• 10% Savings on Car Insurance (Quebec)

A Buy Online Discount of 10% in the first policy term will be available to customers for completing the car insurance purchase online. The Buy Online Discount is applicable to premiums charged for each of the following coverages: Civil Liability, Damage to Insured Vehicles (All Perils, Collision or Upset, Comprehensive and Specified Perils).

• 5% Auto Insurance Savings (Alberta)

A 5% Buy Online Discount in the first policy term will be available to customers for completing the car insurance purchase online. The Buy Online Discount is applicable to premiums charged for each of the following coverages: Bodily Injury, Property Damage, Accident Benefits, Direct Compensation – Property Damage, All Perils, Collision, Comprehensive, Specified Perils, and S.E.F. No. 44

• 5% Auto Insurance Savings (Nova Scotia & Newfoundland)

A 5% Buy Online Discount in the first policy term will be available to customers for completing the car insurance purchase online. The Buy Online Discount is applicable to premiums charged for each of the following coverages: Bodily Injury, Property Damage, Uninsured Automobile, Direct Compensation – Property Damage, All Perils, Collision, Comprehensive, Specified Perils and Uninsured Motorist.

• 5% Auto Insurance Savings (PEI)

5% Buy Online Discount in the first policy term for completing the auto insurance purchase online. The Buy Online Discount is applicable to premiums charged for each of the following coverages: Bodily Injury, Property Damage, Accident Benefits, Uninsured Automobile, Direct Compensation – Property Damage, All Perils, Collision, Comprehensive, Specified Perils and Underinsured Motorist.

• 5% Auto Insurance Savings (Nunavut, Northwest Territories, Yukon)

5% Buy online discount in the first policy term will be available to customers for completing the car insurance purchase online. The Buy Online Discount is applicable to premiums charged for each of the following coverages: Third Party Liability, Accident Benefits, All Perils, Collision, Comprehensive, Specified Perils, and S.E.F. No. 44.

³ Nationally, as of April 26, 2024, our customers (with insurance policies underwritten by either Security National Insurance Company, Primmum Insurance Company, TD General Insurance Company and TD Home And Auto Insurance Company) who insure their car with us and who meet the claims-free savings criteria applicable to their province or region with regard to the number of years spent claims-free, saved an average of 30%, expressed regionally as:

35% in Ontario
15% in Quebec
25% in Alberta, Nunavut, Northwest Territories and Yukon
30% in the Atlantic Provinces

when compared to the premium they would have paid if, within the previous 12 months, they made a claim that would have negatively affected their premium. These claims vary by province. Savings are not guaranteed and vary based on the customer's profile, province/region and product.

⁴ We reserve the right to remove or modify the program and/or discount at our sole discretion.

⁵ A 10% discount is applied on insurance coverage for private passenger vehicles that are identified as hybrid or electric vehicles, as per the Insurance Bureau of Canada's vehicle description tables.

This discount is applied to premiums for the following coverages: Bodily Injury, Property Damage, Direct Compensation – Property Damage, Accident Benefits, Uninsured Automobile, All Perils, Collision or upset, Comprehensive, Specified Perils and OPCF 44.

Mailing address:
TD Insurance (Corporate Secretariat)
50, Place Crémazie
12th Floor
Montreal (Quebec) H2P 1B6