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.
The auto insurance industry in Canada shares information on claims through a system called Autoplus. When you call to shop for auto insurance, your broker will order your Autoplus report, in addition to your driver’s abstract, to verify the information you’ve given her/him during the call. If you’re not sure what they will find on the report, you can order it yourself, free of charge. If you disagree with anything in the report, you can challenge it.
Everyone knows that an at-fault accident affects how much you pay for auto insurance. But for how long? Technically, it stays on your record forever, but most companies use it for six or nine years to determine whether they want to insure you at all, and if so, to help set your premium. Some companies use it for up to 25 years.
Auto insurance isn’t just one thing. When you call to get an auto insurance quote, you’ll get a premium that includes a number of different coverages. The quote will always include the following coverages that are mandatory in Ontario:
Driver distraction is the new drunk driving: Here’s what texting and driving will cost you.
Every industry has its common questions and at times surprising answers, and the insurance industry is no different. Our brokers are on the front lines of Ontario insurance every day, and have a knack for clear answers that can save you time and money. In this instalment of Ask a Broker, the M&W team sheds some light on some of the questions they hear often related to auto insurance.
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.
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.
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.
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.