With auto and motorcycle insurance rates in Ontario on their way up after years of stability, there are drivers and riders out there who may be thinking about taking a chance and going without insurance for a while to save some cash. How can we put this? Um, that’s a terrible idea.
The average auto insurance premium in Ontario is now around $1,900. That may seem like a lot, and if you live in the GTA and have a couple of tickets on your record, or at-fault claims, that number could easily go north of $5,000. So we get it. It’s a lot of money. Please see our money-saving tips to get the best deal possible.
The thing is though, if you get caught driving without insurance, or worse, if you get in an accident without insurance, the costs could easily go into the tens, or even hundreds, of thousands of dollars.
Here’s a breakdown of what you can look forward to if you drive without insurance in Ontario:
The penalties for driving without insurance in Ontario are the following:
As severe as the fines for driving without insurance may seem, they are not the biggest cost associated with driving uninsured. Insurance companies treat a conviction for driving without insurance the same way they treat a conviction for drunk driving. The next time you try to get insurance, you’ll find:
These consequences will follow you around for at least 3 years.
If you’re not yet convinced that driving uninsured is a bad idea, consider this: You may think that you’re a good driver and so there’s no reason for a cop to pull you over and check your insurance. But what if someone else crashes into you?
If you get into an accident while you’re driving uninsured:
It’s true that some people drive without insurance and don’t get caught. Here are three ways you can get busted:
So, as Dirty Harry says,
Do you feel lucky?
Especially when rates are going up, there are a lot of scammers out there trying to capitalize on drivers who want to save money. Watch out for anyone who is trying to sell you insurance for much less than you’re currently paying. It may actually be too good to be true. In many cases, they might give you an insurance slip that looks perfectly legitimate, but it may not be. Make sure that anyone who tries to sell you auto insurance is licensed to do so. They should be on one of the following lists:
If you buy auto insurance from someone who’s not on one of the lists, all you have is a pretty pink card.
If you’re driving without insurance, one of three things happened:
When switching insurance companies, we highly recommend that you not cancel your old coverage until you receive the 30-day temporary slips from your new insurer. The law doesn’t care why you are driving uninsured. The penalties are the same no matter what the reason.
Want to add to this story? Let us know in comments below! Mitchell & Whale is a fast-growing insurance brokerage in Ontario, striving to make insurance _not suck_ one customer at a time. Give us a call today to discuss any of your insurance needs at 1.800.731.2228.