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.
However, there are some other federal and provincial laws that allow for exceptions. The biggest exception is Bill S-4, or the Personal Information Protection and Electronic Documents Act. One of the implications for insurance companies is that it they can share personal information without consent if it reasonably allows them to discover and prevent fraud.
Comprehensive: With this option, you’re covered for any threat or danger other than collision, including theft*, damage or loss caused by vandalism, projectiles, and falling or flying objects such as stones kicked up by a truck in front of you. The important thing to remember is that this coverage applies to your vehicle only, not you or your passengers.
As the most populated city in Canada, and the 4th most populated city in North America, Toronto is home to a lot of drivers — and a lot of vehicles. All those cars on the road can make driving in Toronto seem a bit daunting. After all, this is the land of bumper-to-bumper commutes, 16-lane highways, and people who want to get where they're going in a hurry.
Because you indicated you occasionally have non-family members as passengers in your car, we recommend Additional Third Party Liability for you. The more passengers you have in your car, the more damages you can be liable for in the event of an accident – not only are non-family members not covered by most standard insurance, they are also more likely to file law suits.
A couple of at-fault collisions, a few traffic violations or an impaired driving conviction is all it takes to get a high risk driver designation from an auto insurance company in Ontario. That sets you up for high auto insurance premiums for several years or perhaps worse, an outright cancellation or non-renewal of your existing Ontario auto insurance policy.
Review your deductibles: If you have collision and comprehensive coverages included in your auto insurance policy, see how much your deductibles are. If they are set at $500, increasing them to $1,000 will typically save you about five to 10 per cent. Only increase them however, if your budget allows for it because the deductible is what you’ll have to fork out should you need to submit a claim.
Also, these collision policies are good for cars that have little to no value. For example, a person who paid for their car years ago and could only get a few hundred dollars for the car can use a collision policy to save money on car insurance every month. Ontario insurance agents can offer people collision coverage that keeps them legally entitled to drive but not cost them very much every month.
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.