M&W Auto Insurance Articles

Learn all there is to know about Auto insurance in Ontario, from how it works, how you can save, and how to stay safe, avoiding claims.

Do Insurance Companies Ever Lose Money on Auto Insurance?

October 30, 2019

…They Can and Do in Ontario – Here’s Proof

Auto insurance premiums in Ontario continue to go up, and there’s been a lot of talk that it’s just insurance companies lining their pockets. Well, here’s the thing: They’re not.

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The Best Auto Insurance Companies in Ontario

September 25, 2019

Ontario has about 12 million registered vehicles and only about 11 million people who are currently of driving age. Long story short, if you’re an adult living in Ontario, there’s a good chance you need auto insurance. But you probably see ads for dozens of different insurance companies every week, and they all say that they’re the best, that they offer the best rates, and that they give you the best service if you have to make a claim.

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Driving Discounts For Seniors

July 13, 2019

Aging is not something that a lot of us see as a positive. We’re constantly being bombarded with messages about looking younger and feeling younger, and certainly our society puts a premium on youth. It seems everybody wants us to be young forever.

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Does Changing Your Name Change Your Premium?

July 12, 2019

Every year in Ontario, more than 50,000 people change their names after getting married. Another 10,000 or so Ontarians legally change their names for other reasons. Without counting people who change back to their maiden name after a divorce, that’s more than 60,000 Ontarians a year who change the name that appears on their driver’s license. Read more

How Much Does it Cost to Insure Canada’s Top Ten Vehicles?

June 17, 2019

The top ten selling vehicles of 2018 make up one third of all the vehicles sold in Canada during that year. These models are super-popular, and in fact, you might be looking into buying one right now. If you are looking at one of these beauties, you might want to know how much it would cost you to insure it. So we decided to run some quotes for you.

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Why Advanced Safety Features Don’t Reduce Insurance Premiums

June 10, 2019

If you buy a new car today, it’s likely to have a number of automated safety features that, say, your old 2008 car didn’t have. Yes, that 2008 probably had anti-lock brakes, adjustable seatbelts and front airbags, but that’s likely it, unless it was a luxury model. Read more

What Happens When You Exclude a High-Risk Driver From Your Policy?

May 22, 2019

So you’re looking for a reasonable rate on your auto insurance, except your spouse has two speeding tickets and a DUI on his record.

Chances are, no insurance company will want to insure you, and you will be left to buy high-risk auto insurance at a rate of $10,000 a year or more. It doesn’t matter that you say he won’t be driving the car. Read more

What Questions Do I Need to Answer to Get an Auto Insurance Quote?

May 16, 2019

When you call your favourite insurance broker to get quotes to insure that new car, or to try to beat your current rate, the broker will ask you certain standard questions. These are based on the rating factors that car insurers in Ontario are allowed to use when determining your premium, so whoever you call, the questions should be very similar.

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Risking Bankruptcy: Why We Recommend $2 Million Liability Coverage

March 1, 2019

As an insurance broker, every once in a while, we get copied on a notice from an insurance company to one of our customers, letting them know that a claim has been made against them.

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Good Morning Cornwall! You’re Now Paying $470 More for Auto Insurance

February 8, 2019

There’s been lots of talk about how unfair auto insurance rates are for Toronto-area drivers, and a number of politicians have come out to suggest that your postal code should no longer be used to help determine what you pay for your car insurance.

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