Car Insurance London, ON

Canadian law requires all drivers to have car insurance in London, Ontario. Coverage must include the follow types at minimum, but can also add additional forms of coverage for more comprehensive protection:

• Collision: Coverage for damage caused by a collision is required by Canadian law. Collisions include any accident involving another vehicle or striking a stationary object. This type of coverage typically pays for the price of repairing your vehicle.
• Liability insurance: In the unfortunate event of an accident, it’s essential to determine which driver is at fault. The driver who is liable is required to provide coverage for physical injuries and vehicle damage for both parties. In London, Ontario, you’re required to have at least $200,000 in liability coverage, but many providers offer even higher coverage amounts. This coverage can help recover costs in the event of a death caused by the accident.
• Comprehensive: Collision and liability are two areas that are required, but comprehensive insurance can be a huge benefit. Comprehensive coverage will protect your vehicle from nearly any type of damage, from weather-related damage to acts of vandalism.
• Uninsured coverage: Finally, an unidentified driver or uninsured driver can’t provide you with insurance coverage, even if they are at fault. For this reason, many insurance providers offer additional coverage to protect you in the event of an accident involving an uninsured driver.

While liability is required and many leases and rental vehicles require collision, there are still many optional forms of coverage. It can be difficult to determine which types of coverage are essential and which are unnecessary or too costly for your particular situation. At HUB International, we can help you determine the particular insurance policy that best reflects your current situation, budget and vehicle for affordable, effective insurance.

Many residents of London, Ontario are paying too much for their insurance policy, while others are dangerously underinsured. Learn how to identify the exact cost of your insurance and weigh each type of coverage for a personalized policy.

First, you need to determine the amount of time you spend driving, your driving situation and the value of your vehicle. These factors are all important to determine whether more premium coverage, such as comprehensive, are right for you.

Older vehicles may not offer enough value to protect with comprehensive coverage, while newer vehicles may have high safety standards and make additional levels of collision coverage unnecessary.

Many providers offer discounts for safe drivers. If you haven’t been in an accident recently, let HUB International assist you in seeking discounts or reducing your premiums. Besides negotiating, installing an anti-theft device can also lower your premiums.