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.

12 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

Learn How to Spot Car Insurance Fraud: Don’t Be Scared, Be Aware!

February 10, 2021

There are many instances of fraud in our everyday lives. We are aware of instances of fraud coming at us on our computers and even now on our cell phones, and it exists on our roads as well. Insurance fraud is rampant across the country, and estimates show that it costs us more than $1 billion a year. And that adds to the cost we pay for auto insurance. They cheat and we all pay. Read more

Modifying Your Vehicle? Update Your Insurance

January 25, 2021

In Canada, when you buy a car from a dealer, it comes with certain “standard equipment” from the factory. If your vehicle has had significant changes from that standard equipment, whether it be a modified engine, exhaust, tires or suspension, you’ll need to let your insurer know, and depending on the changes, you may find that few insurers are willing to cover your modified ride. If the changes add value, you’ll also want to protect that new value.

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Working From Home? Pay-As-You-Go Auto Insurance Might Be For You

January 22, 2021

If you continue to work from home due to the pandemic and are looking for a way to save real money on your auto insurance, CAA MyPace™ is a program that is saving low-kilometre drivers 40% on average. If you drive less than 3,000 kilometres a year, you could save 50% or more.

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Avoid Depreciation When Insuring Your Brand New Car

January 21, 2021

When you buy auto insurance, the assumption is that you are insuring your car for its Actual Cash Value (ACV) at the time of an accident, which is the purchase price, minus depreciation. Read more

Toronto Asks: Does Location Really Matters for Auto Insurance?

December 22, 2020

Location, location, location.

You’ve heard it a million times, usually with respect to decisions involving real estate. Read more

Can a Dash Cam Get You Cheaper Insurance?

November 6, 2020

Insurance companies don’t currently offer a discount for installing a dash cam. But depending on what the dash cam records, it could be immensely helpful in helping you prove fault in a collision, or even getting you out of certain traffic tickets.

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When is My Car Considered a Total Loss?

November 4, 2020

Most vehicles are insured for their Actual Cash Value (ACV). As that value begins to depreciate over the years, however, it becomes increasingly likely that any damage sustained during an accident will render your vehicle not worth fixing. But what exactly are the factors involved in determining whether your car is a total loss? Read more

Are You Making Money With Your Car? Insurance Implications

October 28, 2020

If you use your car to make an income, you’re probably best off getting some kind of commercial auto insurance policy or at least a commercial endorsement on your personal policy. You may think it will cost a lot more, but not necessarily. Read more