How Auto Insurance Works in Ontario
Auto insurance in Ontario works in a very similar fashion to other provinces within the country. In order drive in the province you must have a valid driver’s license and have the legal minimum amount of insurance coverage. However, you can add more coverage if you deem it necessary for your situation. Factors such as your driving history the car you drive, and how you use your vehicle all is considered when determining your rates.
Compared to other provinces, auto insurance in the province is very straightforward. While it is regulated by the government, all insurance is provided through either insurance companies or auto insurance brokers.
The province does have no fault insurance. This simplifies the claims process as no matter who is at fault for an accident, your insurer will pay for your claim and the other drivers claim will be handled by their insurance company.
Since coverage is offered by private companies, rates are competitive and drivers are encourage to shop around to find the best insurance rates possible. One of the best ways to do this is by using an insurance broker, like HUB Insurance Hunter. With a broker you will be able to get a good assessment of the market and what it has to offer. This enables drivers with the opportunity to view their options before making a final decision on which company to use for their car insurance coverage.
If you want to get a quote for your next insurance policy, use HUB Insurance Hunter and get 3 quotes in 3 minutes.