Buying Insurance

How Much Liability Do I Need? Third-Party Liability Coverage is a part of the insurance policy that covers the cases when you as a driver either damage somebody’s property or cause somebody’s injuries or death and have to deal with legal responsibility. 3rd Party Liability Coverage is mandatory in Canada and its minimum is $200,000… Read more Where Can I get Car Insurance as a High-Risk Driver? There are several aspects that can indicate a driver is a high-risk case, such as age, driving/ticket history, etc. Very often insurers will consider somebody to be a high-risk driver who fits to the following profile: 2 at fault-accidents in the last 10 years or 2 or 3 tickets in the last years… Read more


Having Insurance

How Would a Ticket Impact My Insurance Rate? Getting a ticket typically leads to a premium increase but how far? According to InsurEye analysis, Ontario drivers who have a maximum of 2 violations in the last 3 years pay approximately 20-25% more than drivers with a clean driving record. To illustrate the potential increase in rates, let’s assume a driver is spending $150 monthly on auto insurance premiums… Read more

Should I Buy Rental Car Insurance when I Rent a Car? Rental Car Insurance that is offered in the office of a rental car company is actually a Collision Damage Waiver (CDW) or it is also called Loss Damage Waiver (LDW). It is a particular type of insurance that typically covers a damage / loss should an accident occur. Typically an auto rental company charges you about $20 per day for this insurance (which is not really cheap)… Read more


Submitting a Claim

Will My Claim Impact My Insurance Premiums? The short answer is it depends. Your claim may impact your future Auto Insurance Premiums since your insurance company may consider you a higher risk after your claim. It should not be always the case since there are many cases where it does not necessary happen:… Read more