The information and examples provided are intended as general information. This information does not constitute legal or insurance advice. You must speak to one of our insurance advisors before purchasing your policy to review additional coverage options and benefits that could be available. Insurance policies contain exclusions and limitations that may affect your coverage and the benefits payable.
If you’ve chosen to include Collision coverage, Comprehensive coverage, or both on your auto insurance policy, the broker or agent you speak with when discussing your insurance needs will ask you about deductibles. Specifically, you’ll be asked how much you’d like your deductibles to be. Give this question some thought before answering because you’ll want to pick a deductible that fits your budget and will not cause financial stress should you need to submit a claim. While it’s true, your car insurance premiums will be lower with a higher deductible, your deductible needs to align with your personal finances. In general, the most common choices for deductibles are $1,000 or $500; however, there may be other deductible options available to you that may better fit your needs.
Brampton is a young city, though the settlement predates the start of the 1800s. It wasn’t until 1974 that the area achieved city status. Known in the past for its nurseries, shoe manufacturing and insurance services, Brampton now boasts Loblaws, Maple Lodge Farms, Chrysler and Canadian Tire as a few of its main employers. Proximity to Toronto and comparatively low property values continue to draw businesses.
Insurers determine your rates based on the year, make, model, engine size, and age of a vehicle. More expensive cars, less safe cars, and commonly stolen cars can cost more, as insurance is based partly on how likely your car is to get stolen, how much it would cost to replace it, and the cost to repair it after a crash. Vehicles with the highest safety ratings have lower insurance rates.
If you have a clean driving record, you qualify for a good driver discount – up to 25% off your premium with programs like Intact’s My Driver Discount. All you need to do is plug a device into your vehicle’s Onboard Diagnostic (OBD) port to track your good driving habits. Information relayed by the device is never used to penalize you – only reward you. We also have other programs available which offer good driving discounts without the use of a device.
*75% of Kanetix customers in Ontario who participated in the survey said Kanetix helped them identify an average savings amount of $610 (June – November 2017) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.
In general, the cancellation fee is a percentage of your premium and the percentage charged is determined by how far along you are into the term of your policy. For example, you’ll pay more if your current policy is only four months old than if you’re nine months into your coverage. The cancellation fee charged is basically a sliding scale that typically ranges from two to seven per cent.
What the above facts help illustrate is that, quite simply, Toronto is a big, busy city with lots of cars on the road. This translates to lots of driving and lots of traffic congestion, which can lead to accidents - especially multi-vehicle accidents. Factor in pedestrians, cyclists, and public transportation (TTC), and there is no shortage of things that drivers need to pay attention to when behind the wheel.
Our guarantee is that within 30 minutes of answering your call, a claims representative will start the claims process, and will have the ability to take charge of the situation and arrange emergency support if required (the "Guarantee"). This applies only in respect of new loss or damage not previously reported to us in respect of a valid belairdirect personal auto or home policy (the "Policy"). The support offered by our claims representatives depends on your insurance coverage and when we receive your call. To activate the Guarantee, the policyholder must call and speak to a claims representative. No other form of communication is permitted to activate the Guarantee. The Guarantee is not valid if our operations are impacted by a system failure or catastrophic situation occurring in Canada at the time of your call, such as: earthquake, blackout, hailstorm, forest fire, flood, act of terrorism, war or other major natural disaster, or political unrest. If we are not able to live up to the Guarantee we will write you a cheque in the amount of the annual premium of your home or auto insurance Policy relating to the claim to a maximum of $1,000. Your coverage will not be affected as a direct result of this payment. Terms and conditions of this Guarantee may change without notice.
The chart above illustrates the average auto insurance premiums across Canada. Typically the province of Ontario is characterized by the highest auto insurance rates. Quebec, as a rule, has more affordable car insurance premiums since the health part of the insurance (e.g. bodily injuries) is covered by the government. Not all provinces allow customers to choose from a variety of insurers. Three provinces have crown companies being the only source of vehicle insurance:
Before shopping for the best car insurance rates, it is a good idea to do a little bit of homework first. Insurance companies know their products, and it can be easy to become tricked into signing on to a policy with hidden downfalls that the average consumer will not think to ask about. Insurance brokers are not obligated to quote the cheapest rate, so you should ask what those rates are and what the policies entail. Another aspect many shoppers forget to consider is cancellation fees. Before signing anything, you should read the fine print. Every policy has different stipulations, and you should understand what those are or risk being dropped if you get a couple of tickets.
When it comes to comparing auto insurance quotes online, you have a variety of options to choose from. So why should you choose us? Well, it's not only our competitive auto insurance rates. Our network of advisors in Ontario and across Canada are committed to providing the best service no matter what. And because we're a co-operative with more than 70 years of experience, you can rest assured that we always put our members and communities first.
As a driver, you can't control these particular changes, but you can control maintaining a clean driving record. Next to comparing rates, this is the best way to keep your auto insurance rates down. However, note that your rates can also increase or decrease if you move, change your commuting time, get a new vehicle, add another driver to your policy, and so on.
As more Toronto residents choose to use their own vehicle for their commute to and from work, the need for quality car insurance is higher than ever. Roughly four out of five people currently use their car or truck on a daily basis, and with these high numbers come an elevated number of accidents. Aside from honest accidents, other dangers exist such as large animals and drivers on cell phones. A recent survey revealed that 3.2 percent of Toronto drivers use their cellular devices while driving, and this can be just as dangerous as an impaired driver. Car Insurance is crucial for Toronto drivers, and there are a few pointers to ensure you get the best coverage for your money.
Insurance policies have different levels and amounts in terms of coverage. While minimums in Ontario, like $200,000 in third-party liability, are legally required, higher coverage can help cover supplementary costs in the event of an accident resulting in injuries or a lawsuit. Compulsory car insurance also covers fixing your car in the event of a not-at-fault accident – regardless of who’s behind the wheel.
It is often possible for those seeking cheap car insurance to bundle their service and get an additional discount on other policies such as home insurance. For example, if you have multiple drivers living in a home you own, rather than having separate car insurance policies and a separate home insurance policy, you can often get everything covered in one policy at a significantly discounted rate. Best of all, you can save time when it comes time to pay bills as you will only have to make a single payment.
If your driving licence originates from a country that has an agreement with Canada and can be converted into a Canadian licence, there is also the question of how long you can drive with your out-of-country driving licence before you have to convert it, and these times vary by province. Here are examples from Ontario, Alberta, and British Columbia:
One of the ways you can find out the cost of auto insurance in Toronto is to use a car insurance calculator. Online car insurance calculators make it easy for you to fill out your information so you can assess your coverage and cost options. You'll get a sense of the average Toronto car insurance rates you can expect to pay, based on the information you provided. They are definitely a great resource when shopping for car insurance.
Finding the best available car insurance quotes in Ontario isn't just about getting coverage at a cost that's inexpensive. While cost is an important and sometimes deciding factor, what's most important is the level and amount of coverage you'll receive, as well as knowing that you'll receive customer care that you can rely on. You can be certain to receive the total package when you choose The Co-operators. We respect your needs AND your budget with the personalized car insurance quotes we provide. Select the city nearest you to get local car insurance quotes in Ontario, today.
Just wanted to say that the process of getting the quotes to get insured was so quick and efficient and was really impressive. Being in the service industry myself, I was impressed not only with the friendly and obviously knowledgeable person I was dealing with but also getting the quotes in such a professional, quick and thorough way. It seems access to information was ready at my representatives’ fingertips.
For the most part, cars that are considered compact, mid-size and full size are the most common vehicles quoted from Ontario drivers. The Honda CR-V and Ford Escape are the only crossovers that made it on this list. Although the Dodge Grand Caravan didn’t make the list of top 10, it was number 11, making it a top choice for Ontario drivers that require a family-friendly vehicle.
Many insurance companies offer affordable policies that contain the minimum amount of coverage required by law. But be careful – such policies may look attractive on the surface, but have gaps in coverage that can end up costing you money. So it’s important to know what you’re covered for, but also to choose a reputable company that will stand with you when you need them. At Liberty Mutual, we have coverage options to provide you with affordable car insurance that doesn't compromise on quality. We also offer valuable insurance discounts and multi-policy bundled packages so you can save even more.
Would you like to receive rewards for driving well? Participate in our innovative en-route Auto Program and you could see your insurance discounted by up to 25%*! We send you a wireless device† – at no cost – that's easy to install under your steering column. Once in place, it will track your driving, and you will be rewarded for travelling less, avoiding late-night journeys and braking/accelerating safely. You can rest easy knowing that the entire program is free, and that your premium cannot increase as a result – the data is only used to calculate your discount. Sign up today and save 5% instantly!
Each quarter, insurers can apply to have their rates increased or decreased. The Financial Services Commission of Ontario (FSCO), which oversees insurance regulation in the province, approves or denies these requests. Most of the time, insurers request rate increases due to changes in a particular coverage. For example, an insurer experiencing an increased prevalence in payouts resulting from car accidents might apply to have rates increased to help offset the costs of increased claims.
To begin with, you (and all drivers you wish to include in the policy) must have a valid driver's license and be a resident of Canada. Next, insurance companies will look at your prior driving record to determine eligibility and rates. However, rates will vary depending on whether you are looking for a new insurance policy altogether or if you wish to renew an existing one. Other eligibility restrictions may arise from past convictions. This too, will vary depending on when your last conviction occurred and the nature of the conviction.