Compare Ontario Car Insurance for the Cheapest Quote
Let us help you get the cheapest car insurance in Ontario!
Finding the cheapest car insurance in Ontario can be a tedious and time consuming task. Finding the lowest rate requires getting auto insurance quotes from as many insurance companies as possible. By covering all your bases, the chance of missing a more affordable quote is reduced! It’s quick and easy!
We help you compare car Insurance quotes from the leading auto Insurance Companies in Ontario!
Finding the cheapest car insurance in Ontario can be a tedious and time consuming task. Finding the lowest rate requires getting auto insurance quotes from as many insurance companies as possible. By covering all your bases, the chance of missing a more affordable quote is reduced!
Comparing for the cheapeast car insurance quotes in Ontario. How it Works:
How to get the most affordable car insurance in Ontario.
Car insurance companies in Ontario update their rates on a continous basis. Shop for the best rate and make it a habit!
Bundle Home and Auto
Discounts of 20% or higher for insuring your home and auto with the same insurance company.
Increasing your deductible brings down your premium because you’re willing to take on more risk, and at the same time, taking some risk away from the insurer.
Switch Vehicle Type
Some vehicles are more expensive to insure than others. You can save some money by choosing a vehicle that cost less to insure!
reducing auto insurance coverage is usually not a good idea, but if your risk tolerance can handle it than this option is sometimes available to you.
Some insurance companies offer group insurance discounts to members/employees of the group. Take advantage if eligible!
Car insurance rates change monthly from one insurance company to the other. This can present a savings opportunity for you.
It is no surprise that driving according to the law and minimizing traffic infractions /accidents can dramatically decrease your auto insurance premium.
How does Car Insurance Work In Ontario?
Car insurance in Ontario can be an expensive proposition, especially in bigger metropolitan areas such as Toronto, Mississauga and other cities within the greater Toronto, area.
Auto insurance in Ontario is governed by a “no Fault” legal system where claims for damages and injuries are paid by your own insurance company, regardless of who’s “at Fault”. Exceptions do apply for catastrophic injuries.
The term “no fault” insurance causes a lot of confusion amongst Ontario drivers, as it denotes a sense that car accidents or claims in Ontario do not take blame into consideration. This is simply false as the fault determination rules of Ontario clearly dictates.
The main goal of No Fault insurance stems from the historical, inadequacies that the previous system generated. The litigious and cumbersome process left claimants without timely settlements, unpaid medical treatments or damages property left unrepaired or replaced.
Therefore the aim of No Fault Auto Insurance in Ontario is to:
What car insurance is mandatory in Ontario?
Third Party Liability Insurance Coverage
Legal liability coverage is mandatory car insurance coverage in Ontario! Protection from third party legal liability is required by law in Ontario, as in most other Provinces.
Liability coverage protects you and anyone insured under the auto insurance policy, should you cause bodily harm or propety damages to innocent third parties, while in use or operation of the vehicle.
$200,000 is the minimum liability coverage required, however most insures and brokers will offer no less than 1 million dollars of liability protection.
Accident benefits insurance coverage is a “no fault” benefit. This means, just like vehicle property damages, you would need to claim from your insurer for injuries sustained in a motor vehicle accident. Although accident benefits are technically not insurance, they serve to provide financial assistance in the form of defined monetary amounts to injured first party claimants.
Accident Benefits Coverage in Ontario include:
Direct Compensation Propety Damage – DCPD
Direct Compensation Property Damage, or DCPD, is require car insurance coverage under the Ontario automobile policy, OAP 1. You can call this the “no fault” insurance coverage on your car insurance policy.
The purpose of DCPD coverage is to cover damage to your own vehicle, loss of use (rental coverage) and contents up to a limit. Coverage for contents is based on ACV, actual cash value, and would respond only is you didn’t have property insurance, or elected to have contents covered under your auto policy. Some people may decide to have contents covered through a habitational policy so that a claim settlement can be made on a replacement cost basis.
Coverage under DCPD can occur only if the following conditions are met:
Uninsured Motorist Coverage Ontario
Uninsured motorist covers any amounts you or other insured persons have legal recourse for bodily injury, physical vehicle damages and death caused by an uninsured or unidentified motorist, up to certain limits.
For damages to your vehicle, the loss of use of your vehicle and also the contents in your vehicle the uninsured motorist coverage offers indemnity from your own insurer, up to $25,000.
Uninsured motorist coverage is subject to a mandatory $300 deductible, wherein the insurance company will try and recoup the losses, along with your paid deductible, directly from the at fault third party by way of subrogation or possibly through a court order.
To claim under the Uninsured motorist coverage the other driver must be not at fault.