Car Insurance in Montréal

INSURANCE PREMIUM HISTORY IN MONTREAL (LAST 10 YEARS)

In Montreal, the average auto insurance premium fluctuated significantly between 2016 and 2026, moving from $1125 to $2141. After a sharp peak of $2844 in 2021, premiums dropped to $1642 in 2023 before climbing back to $2174 in 2025 and settling slightly at $2141 in 2026.

Factors influencing your insurance premiums in montreal

Car insurance premiums in montreal are determined by a number of specific factors, which insurers carefully analyze to assess the risk level associated with each driver and vehicle. Understanding these factors can help you better understand the cost of your insurance.

• Your Driving Record: Your driving record history is the most important factor. A clean record with no accidents or tickets can save you hundreds of dollars a year, as it demonstrates that you are a responsible driver.
• Your vehicle: The make, model, year, and even color of your vehicle are taken into account. Newer cars, luxury models, or those with high repair costs generally cost more to insure.
• Your place of residence: In montreal, population density and traffic can impact your premiums.
• Your vehicle usage: If you use your vehicle daily for work, your premium will be higher than if you only use it for occasional trips. The number of kilometers driven each year also has an impact.
• Your age: Young drivers generally pay higher premiums, as statistics show they are more likely to be involved in accidents.
• Your profile: Other factors such as your credit score, your profession and your insurance product purchasing habits also influence the cost of your insurance.

Car insurance in montreal by age group

In Montreal, drivers aged 18 to 29 pay the highest premium among the listed groups ($2769), followed by the 30-39 group ($2231) and the 40-49 group ($2025). Premiums then decrease with age, reaching $1712 for the 50-59 group and $1631 for the 60-70 group.