First, we’ll need to know about you and your vehicle’s make and model. It will take a few minutes only, and it is 100% confidential.
Next, we’ll show you quotes from top auto insurance providers in Toronto. It is free and also without any commitment.
Once you find the best quote, you can secure your auto insurance rate in Toronto by talking to our licensed car insurance agent.
How Does Auto Insurance Work in Toronto?
Auto insurance is mandatory for all vehicles that hit the road in Toronto, Ontario. Moreover, there are minimum standards for auto insurance coverage that drivers must carry, as per Ontario’s Insurance Act. Many drivers buy optional car insurance coverage in Toronto against financial risks linked to driving, injuries, and property damage.
Furthermore, Ontario, including Toronto, has a no-fault insurance system, which means all drivers in accidents file claims with their auto insurance providers to compensate for their losses. It also makes the auto insurance system in Toronto efficient and faster than a tort car insurance system.
Furthermore, there are ways for drivers to save money and get affordable auto insurance in Toronto. As an example, you can compare rates from different auto insurance providers at Car Genie to find the best car insurance rates. When you find the best rate, you can secure your rate by talking to our insurance agent before locking in your policy
Third-Party Liability Insurance
It covers you in case someone sues you for property damage, injuries, or the death of another person. Further, you must have at least $200,000 of third-party liability coverage in Ontario, including Toronto.
Statutory Accident Benefits Insurance
It will cover some of your needs if you get injured in a car accident. As an example, it will cover supplemental medical benefits, rehabilitation services, and attendant care for you. The same coverage will also cover income replacement and caregiver benefits for you if your injuries keep you from working or taking care of a dependent.
DCPD (Direct Compensation Property Damage) Insurance
It is the coverage that will cover you if your vehicle or items inside it are damaged. Besides, the name of DPCD suggests your car insurance provider will directly compensate you for the loss even if the other person is at fault. Therefore, you won’t need to sue the other person in court to receive the payout.
Uninsured Vehicle Insurance
It will cover you and your family from losses linked to a collision with an uninsured vehicle or a hit-and-run driver. If you get injured or killed in a collision, your family can receive the payout. The same coverage will also protect you against damage to your vehicle that an uninsured car causes to it.
Extra Third-Party Liability Insurance
This coverage allows you to exceed your standard coverage amount from $200,000 to $1 million and $2 million if you are found at fault in a collision that seriously injures another person or kills that person.
Additional Accident Benefits Coverage
With this optional coverage, you can increase your coverage amounts for medical and attendant care in case you are injured in a car accident. Additional accident benefits allow you to increase your standard coverage of $65,000 to $1 million for serious injuries and $1 million to $3 million for catastrophic injuries, respectively.
Greater Coverage for Damage to Your Vehicle
This coverage guards against losses in the event when your car is involved in an accident with another vehicle, buildings or other objects, or rollover. You can choose to purchase coverage for additional reasons of damage or perils, such as falling tree limbs, fire, etc.
Borrowed and Rented Vehicle Coverage
This coverage allows you to cover vehicles you rent or borrow on a short-term basis. In order to get this protection, you will need to add Liability for Damage to Non-Owned Automobile (s) endorsement to your insurance policy.
Experience – The more you have experience as a driver, the lower insurance premiums you can get. This is because experienced drivers usually drive vehicles safely.
Driving History – Drivers with a clean history free of recent accidents and claims can get lower insurance rates.
Your Age – In general, young male drivers are usually involved in accidents more than females, so they get higher rates. In addition, the younger your age means you are universally going to pay higher insurance premiums.
Location - Where you drive will impact your insurance premiums, too. If you drive in areas with high rates of accidents, auto thefts, and claims, the more you are going to pay for auto insurance.
Mileage – The more you drive your vehicle means, the higher your likelihood of being involved in an accident, so you will get higher premiums.
Vehicle’s Make and Model – If you own a vehicle with safety features which won’t cost substantially on repairs and replacements, you will get lower insurance rates.