The benefits of car insurance
Why do Temiskaming Shores drivers purchase auto insurance? The answer is simple: for peace of mind. Ontario drivers may derive several benefits from purchasing car insurance. We’ve compiled a list of some of the top reasons Temiskaming Shores drivers choose to buy car insurance below.
You’re protected in the event of a collision
Car accidents happen every day, and the best way to prepare for this reality is by purchasing car insurance. All auto insurance policies provide coverage relating to collisions. So if your vehicle is damaged after an accident, your insurance will help cover the costs of repairing or replacing it.
You’re protected in the event of theft
Depending on the car insurance policy you select, it may include coverage against theft. This means that if your car is ever stolen, you can receive compensation from your insurance company to help cover the costs of replacing it, rather than having to pay for a new car entirely out-of-pocket.
You’re protected in the event of injury
If you get in a serious car accident, then you’ll likely suffer an injury. The medical costs associated with injuries can be expensive, especially if the recovery is long-term. Car insurance can help pay for medical expenses not covered by your health insurance policy.
You’re not in breach of the law
One final reason to buy Temiskaming Shores car insurance is because it is compulsory, and thus failing to do so puts you in breach of the law. To avoid the risk of hefty fines, all Ontario drivers should purchase adequate car insurance.
Is car insurance mandatory in Temiskaming Shores?
As alluded to above, car insurance is mandatory everywhere in Ontario, including Temiskaming Shores. Car insurance is provincially regulated, which means each province and territory gets to decide whether to make it compulsory. In Ontario, the government has done just that, so in order to even register your vehicle, you must show proof of insurance.
Further, Ontario has stipulated that certain types of coverage must be included for your car insurance policy to be valid. For example, all Temiskaming Shores drivers must purchase a policy that includes a minimum of $200,000 in third party liability coverage.
The risks of driving without car insurance in Temiskaming Shores
Car insurance is mandatory throughout the province of Ontario, which means driving without insurance is illegal. If caught driving without a current, up-to-date insurance policy, serious fines can be levied against you.
More specifically, uninsured motorists in Temiskaming Shores could face fines of up to $25,000 for a first offense and up to $50,000 for a second offense (in addition to a 15% surcharge).
Therefore, driving without car insurance is incredibly risky and seldom worth it. So if you are a motorist without insurance, contact BrokerLink today. We can help you compare quotes, answer any questions you may have about car insurance in Temiskaming Shores, and ensure you find a policy that complies with provincial regulations.
Calculating car insurance premiums
When calculating insurance premiums, insurers take several factors into account. Temiskaming Shores drivers may find it interesting to understand exactly which details are used to determine your car insurance rate. The following is a list of the most common factors that will influence how much you pay for auto insurance:
- 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 matters
The eleven factors above can all impact your car insurance rate. However, there is one more factor that is perhaps the most influential: your driving history.
Driving history is a combination of one’s driving experience and driving record. From the insurance company’s perspective, the more experience a driver has, the less of a risk they pose, and the lower their premium. That is why new drivers often pay the highest premiums - because they have very little driving experience.
That said, driving experience alone is not enough to lower your premium. An insurance company will also review your driving record. The cleaner your record, the better your insurance rate will be. A clean record indicates to the insurance provider that you are a safe and responsible driver who follows the rules of the road.
Conversely, if your driving record is full of speeding tickets, DUIs, accidents, and other incidents resulting in demerit points, an insurance company will see this as a red flag and likely raise your premium.
The fact of the matter is that driving history matters, so if you’re looking to reduce how much you spend on car insurance, one of the best things you can do is drive the speed limit, obey the rules of the road, and maintain a clean driving record.
Tips for saving money on car insurance
Auto insurance costs Ontario drivers an average of $1,300 to $1,800 annually. To ensure you’re on the lower end of the spectrum, or to find a policy that even costs you less than the average, there are several things you can do. With the help of BrokerLink’s expert insurance advisors, we’ve put together the following list of tips for saving money on Temiskaming car insurance:
- 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
- Enrol in driving school (for new drivers)
- Pay car insurance annually rather than monthly
Compare car insurance quotes with an insurance broker
Shopping for car insurance can be an incredibly intimidating experience, what with all the complicated industry jargon and the myriad of insurance companies competing for your attention. Understanding premiums, deductibles, and the various types of coverage while simultaneously fielding calls from insurance companies can be nothing short of stressful. Thankfully, there’s a solution.
By working with a trusted broker like BrokerLink, you’ll have a skilled professional by your side from start to finish. Each of BrokerLink’s insurance advisors is an expert in the field of car insurance. They know the ins and outs of the industry and can offer their unbiased opinion as to the best policy for you and your family.
They will also take the time to understand your insurance needs and find car insurance that fits your lifestyle.
Here at BrokerLink, we take a customer-first approach to car insurance, so when you work with us, we promise to make you our top priority.
At the end of the day, BrokerLink has the resources, expertise, and customer service to turn a daunting and tedious process into an entirely hassle-free experience for all involved.
Get in touch and receive a free quote today
Want to learn more about Temiskaming Shores car insurance? You’ve come to the right place.
BrokerLink is ready to be your go-to resource for all things car insurance. Our team of expert insurance advisors is always available to discuss your insurance options and won’t stop working until you walk away satisfied.
So what are you waiting for? Give us a call and speak directly to a broker, or visit us in person at one of our many locations across Ontario.
Alternatively, if you’d prefer to contact us online, you can do so at your leisure. BrokerLink is also pleased to offer free car insurance quotes to all Temiskaming residents.
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