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.

What Type of Vehicle is Cheapest To Insure?

May 6, 2021

There are lots of myths out there about what kind of car or truck will cost you more or less to insure. Most Ontarians would assume that a sports car will come with higher premiums, especially a red one. Not necessarily true. We also think that the bigger and more expensive the car, the more we’ll pay for insurance. The fact is that there are some general rules you can follow, but the biggest factor is how likely you are to be injured in an accident, not the value of the car.

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Toronto’s Most Expensive Neighbourhoods for Auto Insurance

April 18, 2021

Within the current boundaries of the City of Toronto, there are 102 postal code groups (first 3 letters) that identify an area or neighbourhood, and can affect the premium you pay for auto insurance. Of all the postal codes, those in Scarborough are the most expensive, with 16 of the 17 Scarborough postal codes paying more than any other part of the city. Meanwhile 8 of 12 postal code groups in Etobicoke pay the lowest rates in the city.

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Why Young Men Pay More for Car Insurance, & What They Can Do About It

April 11, 2021

For as long as there has been car insurance, men have paid higher premiums than women. This is not unfair discrimination. It’s based on hard facts. They also make more claims and more expensive claims.

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Young Driver in the House? How Much For Insurance?

April 7, 2021

For parents who have new and learning drivers in the house or maybe even getting their own car to go off to school, it’s good to know how much you can expect to pay for their auto insurance. The short answer is that for a family living in North York, it could cost you as little as $500 to add an 18-year-old child as an occasional driver to your vehicle, or as much as $3,000 or more if you get them their own used vehicle.

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How Much to Insure Canada’s Cheapest Cars?

April 6, 2021

If you are considering buying a vehicle on Auto Trader’s list of Canada’s cheapest vehicles, you should know that the lowest-cost vehicles don’t necessarily get you the lowest insurance premiums. Here’s what it would cost 4 Ontario drivers to insure the cars on the list.

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No Tickets, No At-Faults – 10 Reasons Your Rates Can Go Up Anyway

March 27, 2021

Everybody understands that when they have an at-fault accident or a speeding ticket, their auto insurance premiums are going to go up. The reality is your premiums can go up for lots of other reasons too, including moving, changing cars, or just because claims have gone up in your area.

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Usage-Based Insurance Can Now Surcharge You

March 24, 2021

When usage-based insurance (UBI or telematics) first came to Ontario in 2013, the law allowed insurers to give discounts based on good driving behaviour, but did not allow surcharges based on bad driving behaviour. As of November 2020, the law has changed, and insurers can now surcharge you if your telematics app records risky driving behaviour like speeding.

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Gap in Your Auto Insurance History? What Does it Mean for Your Rates?

March 8, 2021

There are dozens of reasons why you could have a gap in your auto insurance history. Some will affect your future premiums, and some won’t. The question, ultimately, is why? If you didn’t have a car for six months, that should have no effect. If your license was suspended for impaired driving, on the other hand, it will definitely have an impact on your premiums.

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13 Auto Insurance Discounts You Need to Know About

February 27, 2021

If you’re like most Ontarians, odds are you own a vehicle and use it to perform everyday tasks. But did you know that there are a number of ways to save big while staying insured? If not, you might want to check with your insurance broker to make sure you’ve got the coverage you need, at the best price possible. Read more

How Much is That Ticket Really Going to Cost Me?

February 18, 2021

When you get a ticket, the fine you pay will probably cost you less than the premium increase on your next auto or motorcycle insurance renewal. But just exactly how much more will you pay, and for how long? Read more