Mandatory auto insurance in Dryden
Car insurance is mandatory in Dryden, as well as everywhere else in the province of Ontario. Auto insurance is regulated provincially, which means each provincial government in Canada decides all rules surrounding it, and the Ontario government chose to make it compulsory. Therefore, if you’re a Dryden resident who drives a car, you are legally required to purchase car insurance. You won’t even be able to register your vehicle until you can show proof of insurance. And not just any insurance will do. The car insurance you buy must meet the minimum requirements set by the province, which includes $200,000 in third party liability coverage.
The risks of driving without car insurance in Ontario
Driving without car insurance in Dryden is simply not a smart idea. As auto insurance is mandatory in Ontario, driving without it is incredibly risky owing to the fines that can be levied if you are caught.
For a first offense, uninsured motorists in Dryden could be fined anywhere between $5,000 and $25,000. This fine can go up to $50,000 if caught driving without insurance for a second time. There is also a 15% surcharge on all fines that the driver is responsible for paying.
Given the hefty fines that can be incurred if caught driving without a license in Ontario, it’s best to purchase car insurance before you start driving. In addition, always remember to renew your policy before it expires, as you can still be fined for driving with expired car insurance. Should you require help finding a car insurance policy that’s right for you, we recommend speaking with your local broker.
Why should I buy Dryden car insurance?
Why should you buy car insurance? The answer to this question is simple: for protection. Car insurance offers coverage and protection to drivers so that no matter what comes their way, they can face it without having to pay entirely out-of-pocket. We outline a few specific reasons why buying car insurance is worthwhile below.
You’re covered in the event of injury
If you get injured in an accident, auto insurance can help cover your medical expenses. Although some of these expenses will be covered by your health insurance policy, health insurance doesn’t cover everything. For example, if you require physical therapy or rehabilitation, your auto insurance plan can help cover these additional costs.
You’re protected in the event of a collision
Car accidents happen every day in Ontario. In addition to the dangers they pose to the health and safety of those involved, they can also be costly, especially if property damage is involved. However, when you purchase car insurance, you can receive compensation to help cover the costs of replacing or repairing a vehicle damaged in an accident.
You’re protected in case of theft
Some car insurance policies come with comprehensive coverage that not only offers protection in case of accidental injury or property damage but also theft. This means that if your vehicle is stolen, your insurance provider will help cover the costs of replacing it.
You’re in compliance with the law
Last but not least, car insurance is compulsory in Ontario, which makes complying with the law one of the best reasons to purchase it. As mentioned above, uninsured motorists in Dryden risk fines of up to $50,000. Given all the other benefits of car insurance, coupled with the fact that it’s illegal to drive without it, buying auto insurance is a no-brainer.
Factors affecting how your Dryden car insurance premium is calculated
Insurance providers consider a multitude of factors when calculating insurance premiums. From your claims history and annual mileage to your age, location, marital status, and the make and model of your vehicle, Dryden drivers might not realize all the details that come into play when purchasing car insurance. To better understand the process of how car insurance rates are calculated in Ontario, we’ve made a list of the most common factors taken into account:
- Location
- Age
- Make, model, and year of the vehicle
- Past claims
- Annual mileage
- Prior insurance coverage
- Your deductible
- Local laws
- How you use your vehicle
- Marital status
Driving History and Car Insurance
Though the factors above will certainly be taken into account by insurance companies, there is one factor that is perhaps the most important when calculating your insurance premium, and that’s driving history.
Driving history pertains to your driving experience and your driving record. The more experience you have, the better. Young drivers often pay the highest premiums because they lack experience, which insurers see as a red flag.
That said, having years or even decades of driving experience under your belt isn’t enough to lower your premiums. This experience must be coupled with a strong driving record. A strong driving record is a clean driving record, meaning one that is free from speeding tickets, accidents, and DUIs. If your driving record is full of demerit points, insurance companies will view you as a greater risk and raise your insurance premiums accordingly.
Alternatively, if you’ve been driving for years and have a stellar driving record, they will take it as an indication that you are a safe and responsible driver, and they may lower your premiums.
At the end of the day, Dryden drivers should strive to drive safely at all times, which means never going over the speed limit and driving defensively rather than offensively.
Tips to save money on car insurance
Auto insurance can be expensive, but it doesn’t have to be. Experienced brokers like BrokerLink know that there are several ways for Dryden drivers to save money on auto insurance. From bundling policies to enrolling in driving school, we’re sharing our top tips for getting cheap car insurance in Dryden.
- Purchase car insurance for multiple vehicles from the same provider (savings of up to 20%)
- Buy multiple insurance policies (home insurance + car insurance, business insurance + car insurance, etc…) from the same provider (savings of up to 15%)
- Install winter tires on your vehicle (savings of up to 10% in Ontario)
- Purchase a hybrid or electric vehicle (savings of up to 5%)
- Increase your deductible
- Enroll in driving school (for young drivers)
- Pay car insurance annually rather than monthly
Save time and money with the help of a Dryden insurance broker
The best way to save time and money on car insurance? Partnering with a broker. BrokerLink’s team of reliable insurance advisors will take the time to understand your lifestyle and budget. From there, they will work tirelessly to find a car insurance policy that is not only comprehensive but affordable.
Our insurance advisors are experts in their field, which means they know exactly what to look for in a car insurance policy. They will browse coverage options and quickly compare quotes, ensuring you find the best possible policy at the most affordable rate.
Plus, since insurance brokers work for you rather than the insurance provider, you can trust that their advice will always be objective. If you need help understanding your coverage options or decoding complicated industry jargon, the BrokerLink team is here.
So rather than spending countless hours calling different providers and trying to compare quotes yourself, let BrokerLink do it for you. While you sit back and relax, we’ll do all the heavy lifting. When you partner with BrokerLink, you can rest assured that our top priority will be finding you a car insurance policy that meets your needs.
We have the resources, expertise, and customer service skills to turn an overwhelming and intimidating process into an entirely stress-free experience.
Get in touch
Want to learn more about Dryden auto insurance? Get in touch today!
The BrokerLink team is always available to take your calls, answer your emails, or chat in person. We have several locations scattered across Ontario, not to mention a state-of-the-art car insurance calculator on our website.
BrokerLink car insurance quotes are fully complimentary for Dryden residents and 100% obligation-free.
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