If you live in Ontario, Canada, and are looking to buy auto insurance coverage for your vehicle, it’s important that you know what options are available. You may be surprised to learn that there are several different types of car insurance policies available in Ontario. In this article, we’ll discuss the different types of auto insurance policies and how they differ from one another so that you can choose which type best suits your needs.
Why do I need car insurance?
Car insurance is a legal requirement for all drivers. There are many reasons why you need car insurance, but the most common ones include:
Protecting yourself from financial loss. If your car is damaged or stolen, or if someone hits you while driving, it can leave you financially vulnerable. You may also be able to claim compensation for injuries sustained in an accident that was caused by someone else’s negligence (see below).
Protecting other drivers from financial loss. Auto accidents are not only dangerous; they’re also expensive! If one of your passengers gets into an accident because they were distracted by their phone or didn’t look where they were going—or worse yet, if one of them crashes into another vehicle—you could be left footing some of the bills for repairs on both vehicles and medical expenses related to any injuries sustained during the collision itself.* Protect yourself from legal consequences such as lawsuits.* Protecting your car from theft.* Preventing identity theft against yourself as well as others using stolen credit cards or bank accounts under false pretenses like fraudulently obtaining loans through false identifications
Can I drive without auto insurance?
Driving without auto insurance is not illegal, but it can get you into trouble with the law. If you’re caught driving without insurance and your license is suspended or revoked, then there are additional fines and penalties that will be assessed by the court.
In Ontario Canada, driving without any form of security for injury cover (auto insurance) is considered an offense under the Provincial Offences Act (POA). The POA states that anyone who drives a motor vehicle on highways must carry full financial responsibility coverage that meets minimum requirements set out by law. If someone drives while they have no legal requirement to do so in Ontario Canada, they could face serious consequences including:
Fines up to $1 000 plus costs;
Conviction marks on their record which may affect employment opportunities;
Having their driver’s license suspended or revoked permanently;
What types of car insurance are available in Ontario, Canada?
Liability insurance: A good liability policy will cover you in case of an accident. You should also make sure that it covers medical payments, personal effects, and other costs related to the accident.
Collision insurance: If your vehicle is struck by another car and gets damaged, this type of coverage would pay for repairs made on your vehicle as well as all medical bills incurred due to injuries sustained during the collision.
Comprehensive coverage: This type of auto insurance provides protection against theft or vandalism including damage caused due to fire, windstorms or hail storms, etc., which can happen even if there was no fault on your part at all! In short – this kind of policy will provide financial assistance when something bad happens (like getting flooded out). So if someone steals from your car while parked outside their house – then they might be responsible for paying off any damages caused after putting everything back together again…but since most people don’t have unlimited funds available lying around everywhere just waiting for them whenever things go wrong; most people opt instead for deciding upfront whether they want comprehensive coverage before buying anything else; but even if money wasn’t tight enough beforehand either way still worth considering whether starting with something cheaper may end up saving more overall down payment later down the road.”
How much does car insurance cost in Ontario?
How much you pay for car insurance depends on a number of factors, including:
the make and model of your vehicle
whether or not you have a good driving record (i.e., no accidents)
the amount of coverage you select
Do I need liability auto insurance?
Liability auto insurance is mandatory in Ontario. This type of auto insurance covers damage to other people or property, such as your own car if you hit someone while driving.
You must have liability coverage on your vehicle at all times you are driving it, even if it’s parked or not in use. You may not be able to drive without liability coverage every day of the year; this is because most people do not realize they need an SR-22 form (the same document used when filing taxes) until they get into an accident and need to file one with their state board of motor vehicles (SBMV). Some states require drivers who do not have SR-22 forms available within 48 hours after an incident occurs!
How much auto insurance coverage do I need in Ontario?
How much auto insurance coverage do I need in Ontario?
The answer depends on your situation, but generally speaking, you should have enough coverage to replace your car if it is damaged or stolen. You should also have enough coverage to cover any injuries you or your passengers sustain. And finally, you should have enough coverage to cover any legal fees you may incur as a result of an accident.
What is the best auto insurance in Ontario, Canada?
When it comes to auto insurance in Ontario, you have a lot of options. There are many different companies that offer varying levels of coverage and prices. The best way to find the right one for your needs is by comparing them with each other. You’ll want to consider the cost and coverage features as well as customer service so that you can get the best possible deal on car insurance in Ontario!
You should also ask friends or family members for recommendations on which companies they use because they may have used them before themselves which means they know what works best based on their own experience.
Insure your car meets the requirements and needs of your family.
When you’re shopping for auto insurance, make sure you have the right amount of coverage for your needs. Insurance is about protecting yourself and your family from unforeseen events, so it’s important to do your research and make sure that you’re covered for all the things that might happen on the road.
A good rule of thumb is that if something could possibly happen—like losing control of your car due to a tire blowout or hitting another vehicle while driving at night—insurance should cover it. However, if an accident seems unlikely (for example: “I’m not going to do anything else but go straight through this intersection”) then it may be OK just take out basic liability coverage instead because there won’t be any additional costs associated with getting into an accident like this one would incur if they had been involved in one beforehand (such as paying out medical bills).
Conclusion
In Ontario, Canada there are many insurance companies that offer car insurance. Each company offers different types of coverage and prices will vary depending on what you need. It is important to shop around before settling on one particular company as rates can vary widely from one provider to another. The best auto insurance in Ontario may not be the cheapest but it will provide you with peace of mind knowing that if something unexpected happens all claims will be handled professionally by professionals who have experience dealing with similar scenarios.
WINNIPEG – A backbencher with Manitoba’s NDP government has been removed from caucus over his link to convicted sex offender Peter Nygard.
Caucus chair Mike Moyes says it learned early Monday that a business partner of Mark Wasyliw is acting as Nygard’s criminal defence lawyer.
Moyes says Wasyliw was notified of the decision.
“Wasyliw’s failure to demonstrate good judgment does not align with our caucus principles of mutual respect and trust,” Moyes said in a statement.
“As such MLA Wasyliw can no longer continue his role in our caucus.”
Nygard, who founded a fashion empire in Winnipeg, was sentenced earlier this month to 11 years in prison for sexually assaulting four women at his company’s headquarters in Toronto.
The 83-year-old continues to face charges in Manitoba, Quebec and the United States.
Moyes declined to say whether Wasyliw would be sitting as an Independent.
The legislature member for Fort Garry was first elected in 2019. Before the NDP formed government in 2023, Wasyliw served as the party’s finance critic.
He previously came under fire from the Opposition Progressive Conservatives for continuing to work as a lawyer while serving in the legislature.
At the time, Wasyliw told the Winnipeg Free Press that he was disappointed he wasn’t named to cabinet and planned to continue working as a defence lawyer.
Premier Wab Kinew objected to Wasyliw’s decision, saying elected officials should focus on serving the public.
There were possible signs of tension between Wasyliw and Kinew last fall. Wasyliw didn’t shake hands with the new premier after being sworn into office. Other caucus members shook Kinew’s hand, hugged or offered a fist bump.
This report by The Canadian Press was first published Sept. 16, 2024.
FREDERICTON – New Brunswick’s finance minister says the province recorded a surplus of $500.8 million for the fiscal year that ended in March.
Ernie Steeves says the amount — more than 10 times higher than the province’s original $40.3-million budget projection for the 2023-24 fiscal year — was largely the result of a strong economy and population growth.
The report of a big surplus comes as the province prepares for an election campaign, which will officially start on Thursday and end with a vote on Oct. 21.
Steeves says growth of the surplus was fed by revenue from the Harmonized Sales Tax and federal money, especially for health-care funding.
Progressive Conservative Premier Blaine Higgs has promised to reduce the HST by two percentage points to 13 per cent if the party is elected to govern next month.
Meanwhile, the province’s net debt, according to the audited consolidated financial statements, has dropped from $12.3 billion in 2022-23 to $11.8 billion in the most recent fiscal year.
Liberal critic René Legacy says having a stronger balance sheet does not eliminate issues in health care, housing and education.
This report by The Canadian Press was first published Sept. 16, 2024.
HALIFAX – Some Halifax-area landlords say fixed-term leases allow property owners to recoup operating costs they otherwise can’t under Nova Scotia’s rent cap.
Their comments to a legislative committee today are in reaction to plans by the government to extend the five per cent cap on rental increases to the end of 2027.
But opposition parties and housing activists say the bill’s failure to address fixed-term leases has created a loophole that allows large corporate landlords to boost rents past five per cent for new tenants.
But smaller landlords told a committee today that they too benefit from fixed-term leases, which they said help them from losing money on their investment.
Jenna Ross, of Halifax-based Happy Place Property Management, says her company started implementing those types of leases “because of the rent cap.”
Landlord Yarviv Gadish called the use of fixed-term leases “absolutely essential” in order to keep his apartments presentable and to get a return on his investment.
Unlike a periodic lease, a fixed-term lease does not automatically renew beyond its set end date. The provincial rent cap covers periodic leases and situations in which a landlord signs a new fixed-term lease with the same tenant.
However, there is no rule preventing a landlord from raising the rent as much as they want after the term of a fixed lease expires — as long as they lease to someone new.
This report by The Canadian Press was first published Sept. 16, 2024.
