Car insurance in Petrolia

Renewing car insurance in Petrolia is easier than you might think. To renew car insurance, get in touch with your insurance provider or broker before your policy expires. You should always renew your policy before it expires, or you risk a gap in coverage. When you notify your insurance provider, they will confirm your renewal, offer a policy review, and inform you of any changes to your premium. Please note that when your policy is up for renewal, it is a great time to make any necessary adjustments. For example, if you want to add or remove a type of coverage or increase your deductibles, now is a great time to do it.

No. Driving with expired car insurance is illegal, like driving uninsured is. This is because driving with an expired policy is the exact same as driving without any insurance at all. As such, if you are caught driving with an expired policy, you can be subject to the same penalties as an uninsured driver. Such penalties may include fines of up to $50,000, the impoundment of your vehicle, and the suspension of your driver’s licence for up to one year.

Most likely. Many Ontario insurance companies offer discounts to drivers who install winter tires on their cars. Winter tires make driving in snowy and icy conditions safer. They have unique tread patterns that allow for greater traction, thereby reducing brake time and minimizing the odds of an accident. As a reward for lowering your risk level, insurers may give you a percentage off of your car insurance policy. Just make sure that you comply with the insurer’s conditions for this discount. Conditions vary but may include the fact that all four tires should be the same model and that you have them installed on your car by a certain date each year.

Insurance deductibles work similarly, no matter what type of insurance policy you’re buying. A deductible is the amount of money that a policyholder must pay toward an insured loss. The policyholder must pay the deductible first before the insurance company issues a payout to cover the rest of the damage. Thus, you can think of a deductible as an amount that is deducted from the payout that you receive from your insurance company. Car insurance deductibles vary considerably, and it is up to each customer to choose what deductible they want to add to their policy. Car insurance deductibles can be as low as $500 or as high as $2,000 or more. A general rule of thumb about deductibles is the higher your deductible, the lower your premium will be and vice versa.

The reality is that accidents affect car insurance rates. This means that if you get into an at-fault accident, your rates are likely to increase the next time that your policy renews, and they may stay this way until the collision is no longer on your record, which could take six years. However, if you have accident forgiveness coverage, then your premium may not be impacted as long as this was your first at-fault accident. Further, your rates would likely remain the same if you were not found liable for the collision.

For many drivers, car insurance rates start to decrease after the policyholder has been driving for seven years. Rates are usually highest for new drivers because they are the least experienced and, therefore, the most likely to get into accidents. That said, if you got into an at-fault accident or received another type of driving infraction, no matter your age, then your rates may increase as a result. They may not go down again until that infraction is no longer on your record. This could take up to six years in Ontario for an at-fault collision. This is part of the reason that driving safely is so important. Contact BrokerLink for a full list of safe driving tips.

Insurance brokers are insurance experts, so they can help you find practically any type of coverage you seek. Regarding car insurance, a broker can help you find the following types of coverage, among others: third-party liability, accident benefits, direct compensation, uninsured motorist, collision, comprehensive, waiver of depreciation, loss of use, roadside assistance, and accident forgiveness coverage.

You can find cheap car insurance in Petrolia by qualifying for discounts. For example, you can bundle two or more policies into one, such as car insurance and home insurance, to become eligible for major savings. Similarly, you can also buy multiple auto insurance policies. Other saving ways include picking a high deductible, removing old coverage you no longer need, installing winter tires on your car, outfitting your car with a telematics device or anti-theft device, and driving safely to maintain a clean record.

Yes. You cannot buy car insurance coverage from an insurance company or broker if you do not have a valid Ontario driver’s licence. This is the first step to purchasing auto insurance.

The penalties for driving without car insurance anywhere in Ontario are fines of up to $25,000 for a first offence and $50,000 for a second offence, a 25% surcharge on top of any fine incurred, the impoundment of your car for up to 90 days, and the suspension of your driver’s licence for up to a year. These are just the legal consequences of uninsured driving. On top of these, if you get into an accident, you may have to pay for the cost of the accident out of your own pocket.

You can get a free car insurance quote in Petrolia by contacting an insurance broker or company in your area and simply asking for one. Be sure to check that they offer complimentary, no-obligation quotes first. From there, proceed with your request, answer a few questions about your car insurance needs, and you can receive a complimentary estimate in minutes.