Looking into car insurance can feel like navigating a maze of “what-ifs”. Below are some of the main myths and facts you need to know about car insurance in Ontario. Understanding these key points can demystify the process and help you make more informed decisions about your car insurance.
12 Most Common Car Insurance Myths by MyChoice (Infographic)
The infographic below outlines the 12 most common misconceptions about car insurance and goes into detail on how it actually works.
Car Insurance True or False
If you are wondering whether the car insurance fact that you’ve heard is true or false, see if you can find an answer in the table below.
| Car Insurance Fact | True/False |
|---|---|
| In Ontario, you’re required to have auto insurance by law. | True |
| Fines for not having valid auto insurance can be up to $50,000. | True |
| Claiming a higher loss amount than actual is acceptable. | False |
| Auto insurance coverage and premiums are constantly changed by insurers at will. | False |
| If injured while driving an uninsured vehicle, you might not be eligible for certain benefits. | True |
| Government health plans cover medical expenses if you’re injured in a car accident. | False |
| Driving without wearing a seatbelt won’t affect your insurance rates. | False |
| Your insurance company can consider you a high-risk driver if you’re convicted of driving without insurance. | True |
| If your vehicle is impounded due to lack of insurance, it doesn’t impact your driving record. | False |
| Getting car insurance with a brokerage is more expensive because they charge commissions. | False |