High Risk Auto Insurance in Ontario
3 minutes to read
High-risk drivers will have a tougher time trying to get insurance. Luckily, there is coverage specifically for these types of drivers, known as “high-risk insurance”. Although the high-risk coverage has a higher premium than regular insurance, it still provides financial protection for high-risk drivers. If you or someone you know needs this kind of insurance, then finding out which company provides the best options for you might still prove to be difficult. Luckily, there is a way to sift through all of the various high-risk insurance providers in your area without having to visit multiple websites and locations.
Experts in High-Risk Insurance Coverage
Ontario is a huge area, so the number of insurance providers and policies could be overwhelming. You can use this quick, free tool to get a quote according to your requirements.
In order to get started, you would just need to provide some basic information. This includes your name, postal code, make, model, and year of your vehicle to highlight a few. After you’ve submitted the form and all the required fields, you will then be presented with a list of top insurance companies and best-fit quotes.
It’s important to remember that the estimated quotes are tailored to you and your vehicle. While an estimate from a particular auto insurance company may be good for you, your friend might not get the same deal with that business.
High-Risk Car Insurance: What You Need to Know
Everyone in Ontario is required to have car coverage. This, of course, includes high-risk drivers. Depending on your insurance company, your insurance premiums will grow once you are classified as higher risk than other drivers. Certain insurance companies, however, will simply stop providing you with insurance. In this case, you will still have to obtain coverage. High-risk insurance is naturally going to have higher premiums from the start than regular insurance.
The greater prices are the collateral for these companies just in case the uncertainty-labelled drivers are reckless. Any losses these businesses receive will be compensated for by the larger costs you pay. As tough as this is, paying for this kind of insurance isn’t forever; being a high-risk driver can be temporary if you improve your driving safety and certainty.
There are a number of common high-risk auto insurance providing companies in Ontario, including Jevco, Pafco, and Coachmen Insurance.
How to Classify a High-Risk Driver?
To insurance companies, there are only two types of drivers: low-risk and high-risk drivers. A low-risk driver is considered responsible in that they don’t have many traffic violations, haven’t gotten in any accidents that are their fault, and much more. High-risk drivers are classified as those that are too expensive and reckless for regular-priced insurance. There are many ways to be classified as a high-risk driver in Ontario, including being involved in accidents that are your fault or having demerit points on your driving record. There are even factors beyond your control, like being under the age of 25 could automatically land you on the high-risk driver list.
Ontario goes by a 15-point system. Unlike some other places, points are never taken away; points can only be given. All driving records in Ontario begin with zero points. Points can be added to your driving record when you disobey driving laws. A certain amount of points, as well as the offences you have committed, determine how you become a high-risk driver. Different ways points are added include:
- Not stopping when a police officer signals out
- Not stopping for a school bus
- Driving too closely behind another vehicle
- Driving while on a cell phone or using another hand-held electronic device
- Ignoring signs
Points added to your Ontario driver’s license are not limited to breaking driving laws in Ontario. If you happen to disobey these laws anywhere in Canada, the state of New York, and Michigan, then points will be added to your license. You can reduce rates, however, by improving your driving record. Until then, it’s important to learn about the different types of high-risk auto insurance available in Ontario.
Types of High-Risk Car Coverage
There are four types of high risk insurance:
- High-risk car insurance
- High-risk motorcycle insurance
- High-risk commercial auto insurance
- High-risk commercial truck insurance
This type of coverage isn’t only for car owners, but motorcyclists, as well. Vehicles used for business can also receive high-risk insurance. This includes both cars and trucks.
Saving on High-Risk Insurance
With our comparison tool, we make it effortless to help you find the most affordable high-risk insurance available. Our website obtains information from many of the auto coverage companies in Ontario. We know that it’s usually the businesses that specialize in non-standard auto insurance that provide their clients with rates better than regular car coverage companies. Nonetheless, any and all policies that apply to you will be included in your results.
There are many car insurance companies in Ontario, and it could be hard to tell which provides non-standard coverage. To help you get on the right track moving forwards, we’ll help you find and save money on high-risk insurance.