The Best Insurance Companies For Male Drivers in Ontario

Male driver behind the wheel

Who are the best auto insurance companies if you’re a male driver in Ontario? The long answer is complicated, but the short answer, based solely on the prices available today, is CAA Insurance. Before you run out and buy a CAA policy though, keep in mind that based on quotes we ran for different male driver profiles, there are at least four different companies that could have your best rate. Working with an insurance broker helps match you up with the right insurer for you and your circumstances.

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.

The important thing is to find an insurer that wants customers like you, because then they will offer you the best rates. If you’re a male driver living in Ontario, then, which auto insurance companies are the best for you? To find the answer, we created seven different driver profiles, all male, and ran real quotes in our live quoting system. The result was pretty convincing. CAA Insurance had the best rate for four of the seven profiles, and had the lowest average premium by more than $300 a year. But three other insurers offered the best rate for at least one profile.

Important note: When shopping for auto insurance, there are several factors to consider, including coverage options, quality of service, claims satisfaction, and of course, price. Insurer rankings below are based solely on price, because that is the only factor that varies by gender. Please see our Best Auto Insurers article for more detailed information.

Key Findings

  • On average, CAA Insurance offers the lowest auto insurance rates for male drivers in Ontario, and produced the lowest quotes for four out of seven male driver profiles.
  • Four different companies (CAA, SGI, Travelers, Jevco) represent the best rate for at least one of the seven male driver profiles.
  • The highest quotes, on average, were from Travelers, yet that insurer had the best rates for one of the profiles.

The Rankings

If you want an accurate ranking of auto insurance companies for male drivers, you can’t show all the insurers in the same list. That’s because some insurance companies specialize in high-risk drivers, meaning that they automatically have higher premiums for the drivers they cover, and usually won’t even provide a quote for people with clean records or even those with minor blemishes. That said, here are the rankings for both regular market insurers and high-risk insurers.

Best regular market

  1. CAA
  2. SGI Canada
  3. Pembridge
  4. Intact
  5. Aviva
  6. Gore Mutual
  7. Wawanesa
  8. Travelers

Best high-risk market

  1. Jevco
  2. Coachman
  3. Pafco

How we rank the best insurers

To determine who the best insurers are for men, we tried to eliminate factors like age, postal code, driving record and type of vehicle, by running quotes for a number of male drivers, where all factors other than gender were variable. The idea is that if an insurer has good rates for 20-year-old AND 60-year-old men, for men driving trucks and sports cars, for men in Toronto and Belleville, then they can be said to generally have good rates for men.

So we ran quotes for seven fictional driver profiles, all male. Each had a unique location (postal code), age, driving record, type of car, and relationship status. The quotes are for imaginary people, but they do represent real prices that you could get if you shared the same personal and driving information as one of the profiles.

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

Meet the gentlemen:

The following drivers don’t actually exist, but the quotes we got for them are real, and reflect what someone of similar circumstances might pay for auto insurance.

  • Randall, 41, Married, Ottawa (K1L), at-fault claim in 2018
    Drives a 2008 TOYOTA 4RUNNER SR5 V6 4DR 2WD
  • Tuwile, 26, Single, St. Thomas (N5R), speeding ticket in 2019
    Drives a 2014 HYUNDAI SANTA FE SPORT 4DR AWD
  • Silvio, 22, Single, Orilllia (L3V), clean record
    Drives a 2021 DODGE CHARGER GT 4DR
  • Martin, 49, Common-law, Toronto (M9A), speeding tickets in 2017 and 2018
    Drives a 2018 MERCEDES-BENZ GLA45 4DR AWD
  • Teddy, 68, Widowed, Sudbury (P3C), two speeding tickets in 2019
    Drives a 2021 TOYOTA RAV4 LTD 4DR AWD
  • Ruxton, 38, Married, Pickering (L1V), clean record
    Drives a 2013 HONDA CIVIC EX 4DR
  • Sanjeev, 58, Divorced, Milton (L9T), at-fault and impaired ticket in 2019
    Drives a 2020 FORD MUSTANG GT CONVERTIBLE

The quotes

Insurance Rates For Men in Ontario (Yearly)*

Premiums

RandallTuwileSilvioMartinTeddyRuxtonAvgSanjeev
CAA$2,061$1,711$3,614$1,321$1,050$1,372$1,855
SGI Canada$2,001$2,137$2,688$2,538$1,659$2,064$2,181
Pembridge$2,411$2,800$2,732$2,284$1,940$2,047$2,369
Intact$2,311$2,322$3,551$2,382$1,846$1,939$2,392
Aviva$2,305$2,369$3,644$2,688$2,149$2,281$2,573
Gore Mutual$1,987$1,965$4,524$2,545$2,495$1,978$2,582
Wawanesa$3,065$2,402$3,613$3,212$2,331$2,735$2,893
Travelers$1,935$3,356$4,388$3,257$2,804$2,998$3,123
Jevco$3,237
Coachman$5,100
Pafco$7,140

*Rates provided by Mitchell & Whale’s car insurance quoter, with access to 40+ insurance companies in Ontario.

How reliable are these rankings over time?

Auto insurance is a highly variable market. Individual insurance companies measure their financial results on an ongoing basis, and then adjust their rates accordingly.

The current market shows CAA Insurance offering the best rates for a lot of male drivers. This will likely result in CAA winning a lot of new business among men. How long CAA stays at the top of these rankings really depends on how good their financial results continue to be in this market segment. If their male customers start making more claims, or more costly claims, for any reason, they will have to increase premiums to make sure they have enough money to cover those claims, and hopefully make some profit.

Even if CAA keeps their rates low, if they are making a profit at those rates, then other companies will probably think they can do the same, and gain market share, by lowering their rates to compete. For all of the above reasons, one company is unlikely to dominate a given segment for very long.

Where will you find the best insurer?

The fact is there really isn’t a best insurance company for men. Not for long anyway. Right now it’s CAA, tomorrow it may be Aviva or Wawanesa. And then it’ll change again. And as the quotes above show, the best insurer for most men may not be the best rate for you. The one thing we can tell you for sure is that Mitchell & Whale is the best place to buy your auto insurance. Whether you’re male, female or non-binary, we work with most of the top insurance companies in the country and will be able to find you the best insurance company for you that day. If they stop being your best insurer, stick with us, there’s always other options.

Last year's best fit for auto insurance may not be this year's. Get a quote today.

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Contact a Mitchell & Whale broker to get a quote on Ontario auto insurance: Speak with a broker today: 1-800-731-2228


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