Compulsory auto insurance in Ontario
Auto insurance is mandatory everywhere in the province of Ontario, including Kawartha Lakes. This means that Kawartha Lakes drivers must have a valid, up-to-date car insurance policy at all times. And not just any insurance will do. Their car insurance must meet the minimum requirements set by the provincial government, which includes $200,000 in third-party liability coverage.
Uninsured motorists in Kawartha Lakes
Since driving without insurance is illegal in Ontario, doing so puts you in breach of the law and can result in serious fines.
For a first offence, Kawartha Lakes motorists can be fined a minimum of $5,000 up to a maximum of $25,000. These fines can double, going up to a maximum of $50,000, if caught a second time. There is also a 15% surcharge that must be paid on top of any fines incurred.
Given how hefty the fines are for uninsured motorists in Ontario, driving without car insurance is not worth the risk.
12 factors that may affect your car insurance rate
Insurance companies take several factors into account when calculating premiums. Kawartha Lakes drivers may find it helpful to understand some of the main details that influence car insurance rates. From your location and age to your marital status and deductible, a list of common factors that influence how much people pay for auto insurance is below:
- Where you live (and work - if you drive to work)
- Prior insurance coverage
- Your deductible
- Local laws
- How you use your vehicle
- Make and model of vehicle
- Driving record
- Driving experience
- Past claims
- Annual mileage
- Marital status
As an insurance broker, BrokerLink does not actually determine your car insurance rate. Rather, our knowledgeable insurance advisors search the market to help you find the best car insurance for your budget and needs.
Tips for saving money on Kawartha Lakes car insurance
Auto insurance shouldn’t break the bank. Here at BrokerLink, we understand that, which is why we are dedicated to finding the best possible coverage at the lowest prices. We’ve compiled a few tips on how Kawartha Lakes drivers can reduce the cost of car insurance:
- Purchase car insurance for multiple vehicles together (savings of up to 20%)
- Bundle multiple insurance policies (home + car insurance, business + car insurance, etc…) together (savings of up to 15%)
- Purchase a hybrid or electric vehicle (savings of up to 10%)
- Increase your deductible
- Enrol in driving school (for young drivers)
- Invest in winter tires (savings of up to 5%)
- Pay auto insurance annually rather than monthly
- Work with a broker
It pays to shop around for auto insurance
Partnering with a respected insurance broker is a wise choice. The fact of the matter is that insurance brokers work for you, not the insurance companies. Your satisfaction is our top priority, and we won’t stop working until we’ve found your perfect car insurance policy.
While you’re relaxing at the cottage, spending time with family, or binging a new TV show, BrokerLink’s team of insurance advisors will be working tirelessly, browsing coverage options and comparing quotes on your behalf. In essence, an insurance broker will shop around so you don’t have to.
Plus, brokers are experts in their field and can offer their unbiased opinions regarding the best insurance policies for you and your family.
Lastly, car insurance rates vary significantly from one insurance provider to another. And because these companies are constantly underwriting behind the scenes, rates can change every year. This means that the company you bought insurance from last year may not offer you the same price this year. To ensure you’re getting the most bang for your buck, year after year, exploring your options is key. BrokerLink will help you do just that, by shopping for the best possible car insurance and giving you advice on which policy makes the most sense for your lifestyle.
Ultimately, when you utilize the resources and expertise of a professional broker like BrokerLink, you can quickly and easily access the most competitive insurance rates each year.
Get in touch
Learn more about Kawartha Lakes car insurance by getting in touch today.
You can visit us in person at one of our many locations in Ontario, give us a call, or contact us online.
Get started now and receive a free car insurance quote in minutes.
All BrokerLink auto insurance quotes are fully complimentary and 100% obligation-free, meaning you have nothing to lose and everything to gain by getting in touch today.
Begin your Kawartha Lakes car insurance journey today.
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