Mandatory auto insurance in Quinte West
Car insurance is a legal requirement everywhere in the province of Ontario, including Quinte West. This means that Quinte West drivers must have current, up-to-date auto insurance at all times. And not just any insurance will do. The provincial government of Ontario has stipulated that for a car insurance policy to be valid, it must include the mandatory coverage. For example, all drivers must carry a minimum of $200,000 in third party liability coverage.
Uninsured motorists in Quinte West
Since car insurance is mandated in Ontario, driving without insurance is illegal. Therefore, doing so puts you in breach of the law, which can lead to serious fines if caught.
For a first offense, uninsured motorists in Quinte West 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 driving without insurance for a second time. In addition, there is a 15% surcharge applied to all fines that must be paid by the driver.
Given the severe fines that can be levied if caught driving without insurance, doing so is not worth the risk. So if you’re currently driving without insurance, contact your local broker to discuss your options.
Compulsory car insurance coverage in Ontario
Car insurance policies are incredibly complex, consisting of a wide range of coverage. The four types of coverage listed below are all mandatory in Ontario, which means you must ensure your Quinte West car insurance includes them.
Third party liability coverage
Third party liability coverage offers financial protection against bodily injury or property damage following a collision that you are at fault for. Following the accident, liability coverage will help pay for any necessary medical expenses and vehicle repairs, as well as legal representation and court fees if necessary. In Ontario, motorists must carry a minimum of $200,000 in third party liability coverage at all times.
Accident benefits coverage
If you get into an accident and injure yourself, a passenger, or a pedestrian, accident benefits coverage can be used to cover the cost of medical expenses. Accident benefits coverage is applicable regardless of which party was at fault for the accident. When shopping for Quinte West auto insurance, pay close attention to the accident benefits section to understand the limits of this type of coverage.
The opposite of third party liability coverage, direct compensation coverage comes into play if you get into an accident that was not your fault. However, like liability coverage, direct compensation can help pay for medical expenses or vehicle repairs if the collision resulted in accidental injury or property damage. With direct compensation, the policyholder is responsible for filing a claim directly with their insurance company to recover compensation.
Uninsured automobile coverage
Uninsured automobile coverage protects you and any passengers in your vehicle if you’re involved in a collision with an at-fault driver who is uninsured or underinsured.
12 factors that can influence your auto insurance rate
Insurers consider multiple factors when determining car insurance rates. Quinte West drivers may find it helpful to understand some of the main details that influence insurance premiums. From your location and marital status to your age and claims history, a list of the most common factors impacting how much Ontario drivers pay for auto insurance can be found below:
- 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
Please note that as an insurance broker, BrokerLink does not set your car insurance rate. However, our knowledgeable insurance advisors can provide accurate quotes and search the market on your behalf to help you find the best car insurance for your budget and needs.
Tips for saving money on Quinte West car insurance
Here at BrokerLink, we understand that car insurance is expensive, which is why we do everything in our power to ensure you never pay more for it than you have to. In addition to working alongside a broker who can find you the best coverage at the most competitive rate, there are several other ways to minimize how much you pay for car insurance. A list of top tips for saving money on Quinte West auto insurance is as follows:
- 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
Shopping around for car insurance pays
If budget is a major concern, then the smartest decision you can make is to shop around for car insurance.
However, shopping for car insurance takes time, something not everyone has. That’s where we come in. By partnering with a trusted insurance broker like BrokerLink, we will shop around for you.
When you partner with us, our resources and expertise are at your disposal. We will work tirelessly to obtain and compare quotes, browse coverage options, and unlock discounts, all to ensure you get the most bang for your buck when it comes to car insurance. So while we’re working to find your dream car insurance, you can sit back, relax, and spend your free time exactly how you want to be spending it.
Get in touch
Want to learn more about Quinte West car insurance? You’ve come to the right place!
The BrokerLink team is always available to answer your questions and explain your options to you.
Get in touch today by visiting us in person at one of our many locations in Ontario, giving us a call, or contacting us online.
If you’re interested in receiving a quote on your Quinte West car insurance, BrokerLink can help. We are pleased to offer free quotes to all Ontario residents.
All BrokerLink car insurance quotes are accurate, competitive, and 100% obligation-free, so you have nothing to lose and everything to gain by contacting us today.
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