2023’s best insurance companies for male drivers in Ontario

Searching for the best auto insurance companies for male drivers in Ontario? If you’re looking solely at price, CAA Insurance has the lowest average rates for men in Ontario. But unfortunately, things aren’t that straightforward. When it comes to finding the best car insurance, the answer will be different depending on your age, where you live, what kind of vehicle you drive, your driving history and a lot more. To demonstrate this, we ran quotes for eight male driver profiles and found there are at least four other insurers that might offer you a better deal than CAA. Working with a licensed insurance broker is a great way to ensure you’re always getting the coverage that’s right for you at the best possible price.

When looking for the best insurance company, the answer will be different depending on who you are, where you live, what you drive, etc. That’s because some companies love older drivers, and some don’t. Some want to insure people with clean records, and some would rather sell insurance only to high-risk drivers. Some insurers like to have customers in big cities like Toronto, and others consider that too risky.

So which insurance companies are best for male drivers in Ontario? To figure this out, we created eight male driver profiles and ran quotes for each of them using our online auto insurance quoter. CAA Insurance offered the best rates for four of the eight people, and had the lowest awesome premium by $575 a year. But that being said, three other insurers had the best price for at least one of our drivers.

Important note: When shopping for auto insurance, there are a number of things that need to be considered including coverage options, service quality, claims satisfaction, and of course, cost. The insurer rankings below are based solely on price as it’s the only factor that varies by gender. Please see our 2024 best Ontario car insurance companies article for more detailed information.

To provide an accurate ranking of the best auto insurance companies for male drivers, it’s important to distinguish between regular market and high-risk insurers. This is because companies that specialize in coverage for high-risk drivers have higher premiums.

In order to determine who the best insurers for men are, we ran quotes for eight fictional drivers with different ages, relationship statues, postal codes, driving records and vehicles. While the drivers may not be real, the rates below are and reflect what a male with similar characteristics might pay for their auto coverage.

So we ran quotes for eight fictional male driver profiles. Each had a unique location (postal code), age, driving record, type of car, and relationship status.

All quotes were based on the same coverages, policy limits, deductibles and discounts.

Yes, they will. The auto insurance marketplace is always changing, and because of that no single insurance company will offer the lowest rates forever. Right now, CAA Insurance has the best prices for many men. But how long they stay on top will depend on how well they’re doing financially with this group. An uptick in claims amongst male drivers could cause CAA Insurance to charge more in order to make sure they have enough money to cover those claims and still make a profit.

If CAA Insurance continues offering low rates and remains profitable, other companies may see it as an opportunity to do the same to try and gain customers. Because of these factors, it’s unlikely that one insurer will dominate a specific segment for an extended period.

The truth is, there isn’t one insurance company that’s the best for all men. For many men out there, CAA Insurance likely has your best rate right now. But tomorrow if could be Aviva, Wawanesa or someone else. And as the quotes above demonstrate, the best insurer for most men may not have the lowest price for you.