Auto Insurance FAQ (Frequently Asked Questions)


  Buying Insurance

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

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

Having 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


Our Publications related to Auto Insurance

Car Insurance in Alberta – Top Media Stories, Spring 2017

Car Insurance in Alberta – Top Media Stories, Spring 2017

Here are two summaries of top Alberta Car Insurance stories that were published in March and May 2017 in Canadian media outlets: CBC News Edmonton: Insurance company offers $5,500 for truck appraised at more than $40,000 (click to scroll to the story summary) Simcoe Reformer: Changes to bene[...]
Cheap Car Insurance – 7 Things to Know if You Are New to Canada

Cheap Car Insurance – 7 Things to Know if You Are New to Canada

Something that is quite straight forward for Canadians often turns out to be more complicated for those who are new to Canada. Searching for auto insurance and getting a cheap car insurance policy is one such issue, but we are here to help. Here are some questions you need to answer and steps yo[...]
111 Insurance Myths – Everything You Must Know

111 Insurance Myths – Everything You Must Know

Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional [...]
Ontario Car Insurance – Will the Premiums Climb Up in 2017?

Ontario Car Insurance – Will the Premiums Climb Up in 2017?

Ontario car insurance rates are still by far the highest across Canada. This publication looks, in detail, at these rates and scrutinizes the recent approval of rate changes by the Financial Services Commission of Ontario (FSCO) to understand what consumers can expect in future. We also look [...]
Weekly InsurEye Digest: ON Car Insurance Rates and more

Weekly InsurEye Digest: ON Car Insurance Rates and more

Insurance was a hot topic across several news as social media channels last week, from news about auto insurance rates in Ontario to discussions about drone insurance and reports about flooding and storms. So let’s start… Ontario has the highest auto insurance rates, with Brampton topping the list [...]