Compulsory auto insurance in Welland
Is auto insurance mandatory in Welland, Ontario? Yes. Regulations on car insurance are set provincially, and the Government of Ontario has made car insurance a legal requirement. In order to register a vehicle with the province, you must have up-to-date car insurance, as well as a valid driver’s license.
It’s worth noting that not just any type of auto insurance will do. Ontario has minimum coverage requirements that must be met. For example, Welland drivers must have a car insurance policy that includes at least $200,000 in third party liability coverage.
Can I drive without car insurance in Welland?
As mentioned above, car insurance is a legal requirement for drivers in the province of Ontario. Therefore, driving without car insurance is breaking the law. So while nothing is stopping you from doing so, you run the risk of getting caught, the consequences for which include serious fines.
For a first offense, Welland drivers 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. In addition to these hefty fines, uninsured motorists in Welland must also pay a 15% surcharge.
Given how much you could be fined, driving without insurance is not worth it in Welland or anywhere.
How Welland auto insurance rates are calculated
Insurers assess many factors when determining your premium. Welland drivers may find it helpful to understand which factors most commonly influence auto insurance rates. A list of details that insurance providers are likely to consider when calculating your Welland car insurance rate can be found below.
- Where you live (and work - if you drive to work)
- Make and model of vehicle
- Driving record
- Driving experience
- Past claims
- Annual mileage
- Prior insurance coverage
- Your deductible
- Local laws
- How you use your vehicle
- Marital status
Tips for saving money on car insurance
Car insurance shouldn’t break the bank. Here at BrokerLink, we understand that, which is why we are continually committed to finding our clients the most affordable car insurance possible. We’ve put together a list of ways Welland drivers can save money on auto insurance below.
- 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
Save time and money
Is shopping for car insurance really how you want to be spending your Saturday? We didn’t think so. Partner with a local broker and you could be spending your weekend exactly how you want to be spending it, while we do all the heavy lifting.
BrokerLink’s team of insurance advisors is always ready to be your go-to resource for car insurance. We will work tirelessly to browse coverage options, compare quotes, and unlock discounts, all in the name of finding you the best possible car insurance plan at the most affordable price.
We will be there every step of the way, to explain the coverage options available to you and make sure you understand all the complicated insurance jargon. With a trusted and reputable insurance broker by your side, shopping for car insurance just became a stress-free experience.
Get in touch
What are you waiting for? If you’re eager to learn more about car insurance in Welland, get in touch today.
You can visit us in person, give us a call, or contact us online. We have locations across Ontario with expert insurance advisors who are always available to answer your calls, emails, or chat in person.
Get started now and receive a free car insurance quote in minutes.
To request a quote online, click the “Get a quote” button in the top right-hand corner of this webpage. You will be required to answer some basic information about yourself and your vehicle, such as your age, marital status, location, and the make, model, and year of the car you drive. From there, BrokerLink will review your answers and provide an accurate and competitive quote in just 5 minutes.
All BrokerLink auto insurance quotes are completely complimentary and 100% obligation-free, meaning you have nothing to lose and everything to gain by getting in touch today.