AUTO INSURANCE IN ONTARIO – SAFEGUARDING YOUR VEHICLE
If you are looking for auto insurance assistance in Ontario, you have come to the right place. OKJ Insurance Brokers counts on experienced professionals capable of providing you with the most comprehensive insurance packages to ensure your vehicle is protected in the event of an accident or unforeseen events.
Auto Insurance
Protect your vehicles of all sizes with comprehensive insurance solutions, contoured to meet your specific demands. We offer insurance for:
-
Cars, Trucks, Vans, SUVs, etc…
-
Recreational vehicles such as:
-
ATVs
-
Bikes
-
Motorcycles
-
Snowmobiles
-
Motor homes
-
Trailers
-
Ask About Our Discounts
Allowing insurance to fit seamlessly into your budget, OKJ Insurance Brokers strive to provide you with every possible discount, including:
-
Age 35+
-
Auto & home bundles
-
Driver training
-
Good student
-
Low mileage
-
Multi-car
-
New/ hybrid vehicles
-
Retirees
-
Short commute to work
-
Snow tires
-
Students away at college/university
-
User-based insurance programs
Understanding Auto Insurance Coverage in Ontario
When it comes to auto insurance, it’s fundamental that you understand the differences between mandatory and optional coverages for your vehicle.
Mandatory Car Insurance Coverage
-
Third Party Liability Coverage
Third-party liability coverage is mandatory, as it covers property damage and bodily injury to others. This type of insurance also helps you with legal expenses if you are sued after a collision.
-
Accident Benefits Coverage
Accident Benefits Coverage is mandatory and provides standard injury coverage for you and the passengers in your car.
-
Uninsured Automobile Coverage
Protects you if you are involved in an accident in which the other driver is not insured or commits a hit-and-run.
Optional Car Insurance Coverage
-
Collision or Upset
This optional insurance covers loss of or damage to your vehicle in an at-fault accident, single-vehicle accident or hit & run accident
-
Comprehensive Coverage
Also known as "apart from collision," this insurance also provides coverage for damage to your vehicle caused by theft, vandalism, weather conditions, or animal-related accidents.
Common Types of Auto Insurance
Waiver of Deprecation
This coverage waives depreciation on new cars for a set number of years. New parts may be used to repair your vehicle OR you may receive the value of your car without deduction for depreciation.
Roadside Assistance
This insurance provides you with help during a roadside emergency. This may include mechanical issues, breakdowns, flat tires and more.
Liability for Bodily Injury and Property Damage
This covers you against legal liability for bodily injury or property damage you cause in an automobile accident.
Uninsured Driver
Uninsured driver coverage helps cover loss and medical expenses for you and your passenger if you are involved in an accident caused by an uninsured driver, whether it results in property damage or personal injury.
-
What is the minimum coverage for mandatory auto insurance in Ontario?In Ontario, drivers are required to have a minimum of $200,000 in coverage for Third Party Liability, Direct Compensation – Property Damage, Accident Benefits, and Uninsured Automobile coverage.
-
What is no-fault insurance?No-fault insurance covers damages to your own vehicle and medical expenses even if the other driver is at fault. This facilitates payment and ensures you get quicker and more convenient service. However, individuals involved in the accident can still be held responsible and have their driving records affected.
-
How can I reduce my auto insurance rates?There are many ways you can reduce your auto insurance rates. Common strategies include: • Avoiding accidents and keeping a good driving record • Living in areas known for having low claim rates • Increasing your deductibles • Enrolling in user based insurance programs • Installing winter / snow tires • Installing anti-theft & recovery technology
-
Is my car insurance policy going to cover me for commercial driving?No. Even though personal and commercial auto insurance policies may be similar, you must disclose all business activities with your insurer. Commercial drivers must have their own insurance policies to be covered for a work-related auto accident.
-
What if I drive for a ride-sharing service such as Uber?There are specific policies tailored to cover drivers who work for Uber or provide other ride-sharing services. Contact OKJ Insurance Brokers so that we can help you choose the ideal policy for you.
Frequently Asked Questions
