Car insurance in Georgetown

Factors that impact Georgetown car insurance rates

Insurance companies use various formulas to calculate the cost of car insurance rates for drivers in Ontario. However, the factors they calculate can vary, as well as how each insurance provider weighs these factors. Here's how a few of the most common factors can impact your car insurance rates:

Where you live and work

Insurance companies use your home (and sometimes work) address to determine where your car will be most often parked and what roads it will spend the most time on. This helps them determine your risk level for collisions and incidents such as vehicle theft or vandalism.

Collisions

In 2024, HRPS recorded more than 10,000 collisions across the region, a modest increase from the previous year. While it doesn't break it down by municipality, if we look at the HRSP crime map, we can see that from July 15th, 2024, to December 31, 2024, Georgetown had only 84 reported collisions, with just over 60% of them reported as hit-and-runs.

But while Georgetown doesn’t see the same heavy traffic as Mississauga or Toronto, certain busier areas, like Highway 7/Guelph Street and Mountainview Road, are more prone to accidents. In fact, according to the crime map, the majority of the collisions occurred along these two roads. On top of that, many Georgetown drivers spend a fair amount of time on congested regional roads, especially during commuting hours. More time on the road means more opportunities for collisions, which insurance companies factor into premiums.

Vehicle thefts

Further, between July 15, 2024 and June 30, 2025, Halton Region reported 1,173 vehicle thefts. However, Georgetown was the second-lowest municipality on that list, with only 62 reported thefts. Still, according to the crime map, the neighbourhood with the highest number of car thefts was Georgetown South (Mountain View). Which means those living in that neighbourhood may see higher insurance rates (due to the increased risk of vehicle theft) than in other neighbourhoods, like Delrex or Marywood Meadows.

Your driving record

A spotless driving history can go a long way toward keeping your insurance costs low, but having driving convictions on your record, like street racing or driving impaired, can increase your rates for years.

In Georgetown, like elsewhere in Halton Region, local police have been working to reduce impaired and distracted driving. In fact, according to Halton Regional Police Service's (HRPS) Annual Report 2024 (which unfortunately does not break down numbers by municipality), the region, which includes Georgetown, saw a 16.3% decrease in impaired driving in 2024.

The type of vehicle you drive

Your car’s make, model, and year have a big impact on your premiums. Vehicles that are expensive to repair or more attractive to thieves generally cost more to insure. For example, if you drive a vehicle that frequently appears on Équité Association’s list of the most stolen vehicles in Ontario, like the Lexus RX or the Dodge Ram 1500, your premiums are likely to be higher to reflect that extra risk.

Your chosen coverage levels

Just like everywhere else in Ontario, drivers in Georgetown are required to carry at least $200,000 in third-party liability coverage. Many choose to increase this limit to $1 or $2 million for added peace of mind, especially considering the rising cost of repairs. However, increasing your limits will also likely increase your premiums.

More drivers are also opting for additional collision and comprehensive coverage, which protects against damage from at-fault accidents, weather events, vandalism, and theft. This is likely due to the rising costs of vehicle parts, repairs and maintenance, which have gone up by 22.3% between December 2019 and December 2024, according to Statistics Canada. These rising costs directly affect how much insurers have to pay out, and ultimately, that means higher premiums for drivers, too.

There are also many other factors that can impact your rates. For example, car insurance can also be affected by your age, gender, and even your credit score.

Given how many different details come into play, the best way to find out how much a policy will cost you is to contact an insurance broker at BrokerLink and request a free Georgetown car insurance quote. All BrokerLink insurance quotes are reliable and accurate and do not come with any obligation to purchase a policy.