Auto insurance in Ontario is sold through insurance brokers, agents or direct insurersBrokers selling insurance policies for more than one company and can provide you with the price ranges of the companies they represent.
The agents sell policies for one insurance company;Direct insurers are companies that seller their own insurance directly to consumers through a call center, instead of using agents.
Important Note:
Cheap Car Insurance Ontario
Although auto insurance basic fonts are the same across Ontario, prices vary depending on the loss experience of each insurance company on the market. Look for the company able to offer you the lowest rate, based on its history. Insurance is a competitive industry, and insurers change their rates over time. The only way to make sure you got the best price is to check the other insurers for the same coverage. Here are some tips to make the rounds of the market:
Know what coverage you need:
Minimum liability insurance you need insurance in Ontario is $ 200,000. However, depending on your approach to risk, you may decide to take out insurance for $ 2 million. You can also purchase accident insurance benefits beyond higher insurance types, allowing you to customize the font to your needs. Consult your broker, agent or direct insurer. Similarly, you can opt for insurance without optional collision or comprehensive, especially if your car is worth less than $ 2,000.
Plan to purchase a policy that provides for higher deductibles:
Many consumers retain the standard deductibles of $ 300 or less. The Ontario government requires insurance companies to offer deductibles of $ 300 and $ 500 for Direct Compensation coverage in case of damage, a $ 300 deductible for the property and casualty coverage and a $ 500 deductible coverage for collision. You can ask for a higher deductible. If the deductible is $ 750 or $ 1,000, the premiums are lower. Check only if you can afford to pay a higher deductible in the event of an accident.
Learn about the possibilities of reduction:
Many insurers offer discounts for insuring multiple vehicles under one policy. Others offer discounts if you install snow on your vehicle during the winter months tires. In addition, most insurance companies offer a discount if you subscribe to one of their house insurance and car insurance. It is also advisable to ask if your current insurer provides discounts to loyal customers.
Learn about the defensive driving course:
Some insurers provide discounts for new drivers who have taken these courses.
The way you use your vehicle is important.
Do you use your vehicle to get to work, or are you only for pleasure? Depending on the use of the vehicle and the distance traveled, the premiums vary.Try to avoid accident to get insurance premium cheap.
Finally, do not change the insurance company in the middle of the year. Wait renewal date to avoid paying termination penalties.
