Insurance premiums vary widely based on numerous factors—even if two people share a similar driving record.

Differences in location, type of vehicle, and seemingly minor details (such as a specific trim level) can significantly affect your rate. For example:

• Location: Urban drivers may pay more than rural drivers due to higher traffic density and theft rates.

• Vehicle Specs: High-performance trims or certain safety features can increase or decrease costs.

• Individual Factors: Personal demographics, annual mileage, and how you use your vehicle (e.g., commuting vs. personal) also influence premiums.

All of these details combine to create a unique risk profile for each driver under Ontario’s insurance regulations, resulting in varying costs.