In the event of an accident that results in personal injury, vehicle damage or other property, valid and proper automobile insurance will protect you against lawsuits.
To obtain valid insurance, your vehicle must be registered in your name and any driver of that vehicle must possess a G Class license. If the vehicle is modified, specialized insurance is required.
It is mandatory in Ontario to have Third Party Liability which includes Ontario Accident Benefits, Direct Compensation and Property Damage, uninsured motorist coverage and Family Protection. All other coverages, such as comprehensive and collision, are optional.
Premiums are based on numerous factors, including year, make and model of the vehicle. Driver age, years licensed, accident or conviction record can also impact premiums. Usage, area and the type of coverage requested will also be considered.
Classic Car Insurance
Specialized for owners of antique, classic or modified cars, classic car insurance is available at reduced premiums for car collectors for vehicles that are not used for regular transportation.
Third Party Liability coverage in Ontario is mandatory: Ontario Accident Benefits, Direct Compensation and Property Damage, uninsured motorist coverage and Family Protection are included. All other coverages such as comprehensive and collision, are optional.
Appraisals, photos, and historic license plates may be required.