Car Insurance in Oshawa

Third-party liability car insurance protects drivers if they are found at fault for an accident that causes bodily injuries or property damage to others. Should a lawsuit be filed against you, this coverage pays for repairs, replacements, medical expenses, funeral costs, and legal fees, up to your policy limit.

The minimum coverage requirement in Ontario is $200,000. However, most drivers opt for higher limits up to $1 million for added protection.

Regardless of fault, accident benefits insurance provides policyholders, passengers, and pedestrians with compensation should they be injured in a collision. This insurance policy pays for medical bills, rehabilitation, lost income, and funeral costs, up to your policy limits.

Direct compensation property damage compensates drivers for vehicle repairs they may require following a car accident with an at-fault driver. Rather than being compensated by the other driver's provider, DCPD allows drivers to deal with their own insurance companies, ensuring a speedy claims process.

Note that as of January 1, 2024, DCPD is no longer a mandatory policy in Ontario.

Collision coverage pays for the costs of repairing or replacing your vehicle following a collision in which you are at fault. For example, if you rear-end another vehicle and damage your bumper, this car insurance policy will cover the cost of your repairs, up to your policy limits and after you've paid a deductible to your insurance provider.

Comprehensive car coverage protects you against non-collision-related damages such as theft, vandalism, fire, and severe weather conditions. Again, you'll need to pay a deductible to your insurance company before your coverage kicks in and covers the remaining costs.

One more type of optional car insurance coverage popular among Oshawa drivers is accident forgiveness. Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage varies by province.

If you're buying a new car, adding this coverage to your policy is worth considering. It ensures you're covered for the full value of your vehicle without factoring in depreciation. That means if your car is stolen or totalled, you'll be reimbursed for the cost of a brand-new vehicle—not just what it's worth after wear and tear.

If you ever get into an accident and your car needs repairs, loss of use coverage has your back. While your car is in the shop, this coverage helps pay for other ways to get around—whether that's hopping on public transit, using ride shares, or renting a car. It can be a real lifesaver, especially if your car ends up being out of commission for days or even weeks.