Posts Tagged ‘ontario auto insurance’

Ontario Car Insurance and No-fault System

Saturday, July 2nd, 2011

Ontario car insurance customers need to know that this province operates under a no-fault system. When an accident occurs, the driver deals with his or her own insurance company to get access to health care and financial benefits. The driver’s own insurance company also pays for the cost of repairs to his or her vehicle.

A no-fault system doesn’t mean that it doesn’t matter which driver is at fault when an accident occurs. The insurance company will still conduct an investigation to determine which driver was legally responsible for the accident. The accident will appear on the at-fault driver’s insurance record and he or she will be paying higher rates for coverage as a result.

It’s possible for one driver to be found fully responsible for an accident. The insurance company’s investigation may also determine that each driver is partially responsible for the accident and assign a percentage of blame to each one. In that instance, each driver’s car insurance costs will go up according to the degree of responsibility each person is assigned.

A driver can still be found legally at fault for an accident even if the police do not lay any charges in connection with the incident. Traffic charges laid in connection with the accident are treated separately from insurance issues, and a driver can still be found 100 percent responsible for the accident.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Posted in Canada |

Ontario Car Insurance for High Risk Drivers

Saturday, June 25th, 2011

High risk drivers in Ontario may find it challenging to get insurance coverage, but it doesn’t mean that the entire insurance industry will refuse to provide this required protection. Each company decides how much risk it is willing to assume on behalf of a policyholder. A certain driver may be turned down for coverage by one insurance provider, but that doesn’t mean that he or she cannot find another company prepared to provide coverage.

A high risk driver may have to apply for coverage from more than one insurance company before finding one willing to write up a policy. A driver who has been in one or more accidents, received numerous tickets or who has been charged with DUI (Driving Under the Influence) will be paying higher rates for coverage.

A consumer who has had his or her policy canceled by the insurance company for non-payment will also be considered a high-risk driver for coverage purposes. Once a driver has been placed in this classification, it becomes more challenging to get coverage. The individual’s previous insurance company may not be interested in reinstating the policy, even if he or she pays the premium owing.

Drivers who have applied for coverage from non-standard car insurance companies and who have been unable to find one willing to write a policy can look to the Facility Association for help. This is a risk pool that all providers contribute to and is an insurer of last resort.

 

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Posted in Canada |

How Ontario Car Insurance Companies Determine Rates

Thursday, June 23rd, 2011

Ontario car insurance companies consider a number of factors when determining how much to charge for coverage. Before a company will issue a policy, it considers the driver’s personal profile which includes the type of vehicle and the applicant’s driving record. Annual mileage, the driver’s age and where he or she lives are also included in the profile.

The insurance company also considers how much coverage the driver wants to buy. Under provincial law, drivers must have at least a certain level of protection in place. Drivers can choose to buy additional third party liability protection if they wish, as well as collision and comprehensive insurance to protect the vehicle from physical damage.

The level of the policy deductible is another factor which effects rates for Ontario drivers. Consumers who choose a higher one pay lower rates for their coverage, since they are agreeing to pay a higher amount toward the cost of claims they make against the policy.

The insurance company the customer chooses also has an impact on how much he or she will pay for coverage. Each one sets it own rates for coverage, which means that prices will vary between providers.

Ontario drivers who want to find the best rates for their car insurance coverage should make a point of shopping around before choosing an insurance provider. It’s the best way to find affordable protection.

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Posted in Canada |

Free Car Insurance Quotes Help Ontario Drivers Save

Tuesday, June 14th, 2011

Ontario drivers can choose from a number of companies offering coverage to consumers and a number of them offer free quotes from their company web sites. A person who is looking for insurance coverage can start the process at any time of the day or night – all they need is an Internet connection. This is an effective strategy for drivers who want to consider multiple companies before making a buying decision, as well as for people who want to educate themselves about their coverage options.

A buyer can choose to visit several web sites and request quotes from each company he or she is interested in. This approach allows the driver to carefully target his or her search by only requesting quotes from providers he or she feels would be a good fit.

Consumers who want or need to arrange coverage quickly have the option of visiting a site that can generate quotes from several providers at once. The visitor would provide some basic information about him or herself and the vehicle to be covered and the site’s insurance quote tool will generate quotes from several providers. The consumer will be able to find out how much different companies would charge for coverage very quickly.

Taking the time to get free quotes from more than one Ontario car insurance company will help the consumer zero in on the one that can offer the best prices for the level of protection that he or she needs.

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Posted in Canada, Free Car Insurance Quote |

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