Car Insurance in Caledon

The decision of whether to renew car insurance in Caledon is up to you. If you plan to continue driving, you will need to have a valid car insurance policy. However, you may wish to purchase a new policy rather than renewing your existing one. To make this decision, consider your budget, experience with your current provider, and your coverage needs. From there, shop around and see what else is out there. If you find a policy that’s a better fit, let your policy expire at the end of the term and buy a different one. If you decide that your current provider is still the best fit for you, then contact them ahead of the policy expiry date and let them know that you want to renew your coverage. If your policy has expired, you may still be able to renew your policy, though the expired car insurance renewal process may be lengthier.

Car accidents tend to stay on Ontario driving records for a period of six years. This means that if you get into an at-fault accident, it may remain on your record and impact your insurance premium for a period of six years. The good news is that accidents you are involved in but did not cause will likely not affect your premium. Further, if you have accident forgiveness coverage and you get into an at-fault accident, so long as it was your first, your rates won’t change either.

Yes. A driver’s licence is mandatory if you want to buy car insurance in Caledon.

No. If you are planning a permanent move to another province, you will need to notify your insurance provider and update your policy. Even if your current provider offers coverage in the province you are moving to, you will need to update your address and likely your coverage to ensure it complies with your new province’s minimum coverage requirements. You should be prepared for your premium to change as location is a major factor in determining auto insurance rates.

The penalties for driving without car insurance anywhere in Ontario are as follows:

• Maximum fines of between $25,000 and $50,000
• A 25% surcharge on any fines incurred
• The impoundment of your vehicle
• The suspension of your driver’s licence for a period of 30 to 365 days

Ultimately, the penalties you will face for getting caught driving without insurance will depend on the person who pulls you over. However, given how severe they are in Ontario, abiding by the law and purchasing an auto insurance policy is the smartest choice you could make.

How much is car insurance per month in Ontario? The average monthly cost of Ontario auto insurance is $150 to $450. However, this is the provincial average, not the average in Caledon specifically. Plus, insurance rates vary drastically, so you could easily end up paying far below or above the average depending on your circumstances. Thus, to find out how much Caledon car insurance will cost for a specific individual, it is recommended that you reach out to a licensed insurance agent or broker near you and request a free auto insurance quote.

Yes. You will need to buy a car insurance policy that features third party liability insurance before getting behind the wheel in Caledon. It’s the law. All Ontario drivers must have an auto insurance policy that contains three types of coverage: liability coverage, uninsured motorist coverage, accident benefits coverage, and direct compensation - property damage coverage. For liability coverage in particular, you must choose a coverage limit that is at or above $200,000.

They can, but they will never be the only factor that an insurance company will consider. If an insurance agent asks about your credit score, they are likely doing so to gauge your financial responsibility. Credit scores can be an indication of how responsible you are, with higher credit scores indicating more responsibility and lower credit scores indicating less responsibility. Thus, if you have a high credit score, this could benefit you as your insurer may lower your rates accordingly. However, even if you don’t have the best credit score, there are so many other factors that an insurance company will consider when setting your premium in Caledon. For example, your age, driving record, location, and the deductible amounts you select for your policy are far more likely to influence your Caledon insurance premium than your credit score.