Compare the best deals from all types of insurance products including
Compare the best deals from all types of insurance products including 
Compare the best deals from all types of insurance products including Ontario Auto Insurance
Ontario law requires that all motorists carry an auto insurance policy. Fines for uninsured drivers can range from $5,000 to $50,000 and if you get in an accident without insurance, you can be liable for even more in damages. Read below to learn how to obtain Ontario auto insurance.
Where to Purchase Ontario Auto Insurance
In Ontario, auto insurance can be purchased from an insurance broker, an insurance agent, or a direct writer. Basically, a direct writer is the company itself, while an insurance agent merely represents a certain company. Insurance brokers sell insurance on behalf of many different companies.
The best way to find a safe auto insurance company is by word of mouth. Get recommendations from family or friends or look for endorsements and testimonials on associate sites.
Comparing Automobile Insurance Policies
Ontario law requires that your insurance broker, agent or writer be licensed by the FSCO. Other than that there are three main factors to consider when comparing Ontario auto insurance packages:
Rates. Monthly premiums and other costs differ greatly between companies, so make sure to get three or four quotes before making a decision.
Coverage. When comparing rates, it’s important to ensure that you the policy has similar coverage. For example, one company may offer a much lower rate, but may have higher deductible or certain caveats in their coverage. Make sure you make an "apples to apples" comparison in terms of rates and coverage.
Service. When it comes time to file a claim, you are going to want a responsive and personable insurance representative to speak to. A low rate and excellent coverage may be a good idea, but it would be pointless if you can't find someone willing and able to help you at your insurance company.
Comparing Coverage
Coverage on insurance policies varies greatly, depending on your policy and how much you are paying. However, Ontario auto insurance policies all have the following in common:
Third-party liability coverage. This protects you in the event of lawsuits, injury or death, or property damage of someone other than you. You must carry a minimum of $200,000 in third-party liability coverage.
Statutory accident benefits coverage. This protects you if you are injured in an accident, regardless of who is at fault.
Direct compensation - property damage. This protects your property if it is damaged at the fault of another drive.
Uninsured automobile coverage. This protects you if you are injured by an uninsured motorist or a "hit-and-run" driver.
In addition to the coverage required by law, you may want to increase your third-party liability coverage or include income replacement benefits (if you are unable to work after an accident), medical care benefits, caregiver benefits, dependent care benefits or death and funeral benefits.
As you can see, there are quite a few variables in choosing and obtaining Ontario auto insurance. Make sure you are aware of the details and do a fair amount of comparison shopping in order to stay legal and protected.
