Car Insurance in Waterloo

Interesting statistics about car insurance in Waterloo

The following facts were compiled from Kanetix users:

• The percentage of people in Waterloo who have had one or more licence suspensions within the last 6 years: 1.01%

• The average yearly price of vehicle insurance in Waterloo for drivers who have had one or more vehicles stolen within the past six years: $1308

• The percentage of people in Waterloo who lease their vehicle: 13.67%

• The percentage of drivers in Waterloo who have had accidents within the past 6 years: 9.21%

• The average yearly price of vehicle insurance in Waterloo, for drivers who lease: $2331

Waterloo car insurance information

Waterloo, with the motto "Stability", has an approximate population base of 86,543 with an additional 20,000 temporary residents attending classes at the two universities in the city. The city is adjacent to the city of Kitchener and the two are sometimes referred to jointly as Kitchener-Waterloo or K-W. Several attempts to amalgamate the two have ultimately failed. Recently, the city was voted at number 7 in the Top Seven Intelligent Communities. This distinction means that Waterloo is among the leaders of the world creating vibrant local economies where the inhabitants are prospering in today's digital economy.

Native groups were among the first to hold rights to the land of the area and in the late 1700s, they began to sell of parcels of the land to Richard Beasley. Around 1800, Beasley then sold the land to Mennonites from Pennsylvania, who were among the earliest settlers to the area. By the 1840s, German immigrants outnumbered the Mennonites.

Waterloo's economy is comprised of employers in the fields of health insurance, high tech sectors and the two universities. The largest employers found in the area include: Wilfrid Laurier University, Research In Motion (notable product being the BlackBerry), Manulife Financial, the University of Waterloo and Sun Life Financial/Clerica.

Waterloo, along with Kitchener and Cambridge make up Canada's Technology Triangle (CTT) which is a joint economic development project which markets the area to the world.

Waterloo as a city has a smaller population than many other Canadian cities and as such there are relatively fewer cars and fewer accidents than one would find in more populated areas. This may mean that Waterloo residents might pay relatively less for their car insurance than people might pay when living in more populated centres. Here at Kanetix, we can offer you a quick and easy way to get free, personalized auto insurance quotes from the top insurance companies in Canada. If you are paying too much for your car insurance, enter your postal code now and find the most competitive Ontario auto insurance premium.

*60% of Kanetix customers in Ontario who participated in the survey said Kanetix helped them identify an average savings amount of $776.58 (December 1, 2015 - February 29, 2016) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.

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