Debunking 12 Most Common Car Insurance Myths

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Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on March 21, 2024

Visit author page
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated March 21, 2024

Visit author page

1 minute read

Article Contents

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.

12 Most Prevalent Car Insurance Myths

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 FactTrue/False
In Ontario, you’re required to have auto
insurance by law.
Fines for not having valid auto insurance
can be up to $50,000.
Claiming a higher loss amount than
actual is acceptable.
Auto insurance coverage and premiums
are constantly changed by insurers at will.
If injured while driving an uninsured vehicle,
you might not be eligible for certain benefits.
Government health plans cover medical
expenses if you’re injured in a car accident.
Driving without wearing a seatbelt won’t
affect your insurance rates.
Your insurance company can consider you
a high-risk driver if you’re convicted of
driving without insurance.
If your vehicle is impounded due to lack
of insurance, it doesn’t impact your
driving record.
Getting car insurance with a brokerage
is more expensive because they charge

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