Our Escape goes 550-600 km on a tank. 
We don't buy collision or comprehensive, though. Otherwise, it would be around $60/mo for each of the cars, I think. I can fix or patch up minor damage, not-at-fault collisions are still covered under direct compensation, and if we're at fault, then that's just too bad for us and we should learn to drive.
The only risk is with a hit-and-run, maybe a break-in if we park it in Brampton or the Malvern area. 
Radar Identified wrote:Worse in terms of people who don't know how to drive? I live in Scarborough, I'd say that about 70% of the drivers who live in this part of the city have absolutely no clue about anything related to driving. I don't know if Brampton is worse but I'd say they're both horrible. Twice today I was turning left on Victoria Park, completely in the left turning lane, and had minivans stop in the left lane just slightly behind my rear bumper but entirely in the lane next to me, and then after I completed my turn, they went straight ahead.

No part of my vehicle encroached on their lane, either. Then there was the guy who was driving so slowly I overtook him while walking my dog. Then the guy who stopped at a green light (I was in cross-traffic), and then drove through the intersection after the light turned red. Then... ah, well, you know.
As for insurance... mine is $207/mo for a 2007 Honda Civic, $2 million liability, 30K km/yr.
My wife's is $200/mo for a 2006 Saturn Ion, business use, driving all over York Region.
I'm 30 and she's 28.
Scarborough is full of clueless drivers, but Brampton is full of aggressive drivers. I don't know which is worse. Both can come out of nowhere, but I think the clueless drivers are easier to spot and avoid. Maybe it's because I lived in Scarborough for three years, or maybe it's because the clueless drivers are usually in front of you, while the aggressive drivers blast by you from behind. Now get someone who is both clueless and aggressive, and maybe you end up with that news article above. "Why are all these people going the wrong way PEOPLE SHOULD LEARN TO DRIVE!"