The coronavirus pandemic, in the short term, is having a downward impact on auto insurance rates in Ontario, but that’s mostly related to people not driving to work. In the longer term, say in the next 3 to 5 years, COVID-19 is likely to drive up insurance rates for everyone, especially for businesses, particularly because
Careless & Dangerous Driving in Ontario: Laws, Fines, & Penalties
Careless Driving and Dangerous Driving are both serious offences that can have a significant impact on your insurance premiums, and your life. Careless Driving is a provincial offence that can in some cases double what you pay for insurance in Ontario, can get your license suspended, and could land you in jail for six months.
Ontario’s Graduated Licensing System – Everything You Need to Know
Since 1994, every new driver that wants to be licensed to drive in Ontario has to go through a three tier graduated licensing system that allows them to learn under controlled conditions over 2-5 years. Levels include G1, G2 and G.
Buying a Used Vehicle During the COVID-19 Crisis
If you’re thinking about buying a car or truck during the current state of emergency, you may find it challenging to get that car on the road. There is currently no way to register your newly-purchased vehicle online, so if you don’t live close to a Service Ontario office that’s open, there may be no
Should You Lease or Finance Your Vehicle?
When you’re shopping for a new car, you may not have the money to pay for it all in cash. Leasing and financing are two popular ways to get the car you want, with payments you can afford. In terms of auto insurance, it makes no difference to your rates whether you lease or finance
FSRA and Insurance Regulation in Ontario
On June 8, 2019, the Financial Services Regulatory Authority of Ontario (FSRAO) replaced the Financial Services Commission of Ontario (FSCO) as the regulatory body for insurance in the province.
The Truth About Pandemic Auto Insurance Rebates
There is lots of news out there about insurance companies offering discounts and rebates to reflect a drop in the frequency and cost of claims. It’s true that insurance companies are doing their best to help their customers save during the crisis, but the maximum savings are only available by removing coverage, and that can
Renting to Students? COVID-19 School Closures Can Affect Your Insurance
When universities closed due to the coronavirus outbreak, tens of thousands of students who had been renting houses or apartments near school suddenly up and went back to their parents’ homes. If the crisis causes those properties to be vacant for more than 30 days, the owners
Effect of the COVID-19 Crisis on Travel Insurance
Planning Travel During The COVID-19 Crisis? Travel Insurance Implications Given the current environment around COVID-19, all non-essential travel is being cancelled for the time-being, and many Canadians are thinking about cancelling planned trips abroad even later in the year. Some have travel insurance, and some don’t.
Missed Payments During COVID-19
The COVID-19 pandemic is wreaking havoc all over the world, leading not only to severe health challenges and social isolation, but also financial and logistical problems related to closed offices and a badly struggling economy. During this time, it’s still best to keep all your insurance up-to-date, but
