Did You Know? New reforms to Ontario insurance law took effect on June 1st 2016 that are meant to reduce the average costs for basic policies. The new policies will also include less coverage, but you will have more choice to pick what extra coverage you want. As of the summer of 2017, the results of this new reform have been mixed and consumers are encouraged to continue shopping around to find the best rates.
For those placed in this unfortunate situation, there is an insurance pool called the Facility Association, which serves as a last resort for those unable to convince an auto insurance service provider to insure their vehicle with an appropriate policy. However, a checkered driving history and the high risk associated with unsafe driving practices will still work against candidates as far as auto insurance costs go.
Another important aspect of buying car insurance at a rental location – it probably has much lower insurance limits than your personal car insurance. Let’s say, if you have $2,000,000 liability on your personal policy, an insurance policy purchased in a rental location might only have the minimum required by law – and that’s just $200,000 in Ontario.
To make sure you get all the available discounts, we apply savings automatically during your car insurance quote. Keep in mind, a lot goes into determining your price, including the vehicle you drive, where you live, how much you drive, and your driving record — as well as coverages, deductibles, and limits. In some provinces your age, gender, and marital status may be factors. Your agent can help you decide how best to balance coverage and price and confirm you're getting all the discounts you're eligible for.
Once you get your car insurance quotes, call Kanetix.ca and we'll help you secure your rate. We'll connect you to the provider who offered you the best rate with our priority phone lines. With your permission, we'll also send your quote details to the insurance provider you've selected so you don't have to enter the same information twice. Then, once you are speaking with them, they will validate the information to ensure it is accurate and up-to-date, and your insurance needs are met.
In Ontario, the minimum amount of third-party liability coverage, which covers you in a situation where you damage someone else’s property with your car, is $200,000. Although this amount may seem high, it is recommended to take out a plan that offers more protection to help cover you and your family in the event of a more serious accident where people may get injured. If you are in a province which requires a higher minimum, an Ontario car insurance policy must cover the new amount.
We know that you want to get the best car insurance rates and coverage. Getting the best auto insurance is somewhat subjective. It all depends on your current situation, driving and insurance needs. For some people, the best car insurance is based on getting the cheapest car insurance rates. For others, it’s about getting specific coverage or having access to Toronto insurance brokers who provide great customer service.
Here's what happens in case of a covered accident: First, you report a claim — online, or through your agent. If there's damage to your vehicle, you can choose your own repair shop or one of our preferred auto shops, which provide great repairs and guaranteed completion dates. Then, subject to the terms and conditions of your auto insurance policy, we pay for the damages. Our claim specialists help find repair facilities in your area, keep you updated on work being done, and process your claim quickly and efficiently.