With a population of 9,377 residents as of 2021, Acton, Ontario is a smaller community that is close to the Greater Toronto Area. The town covers 7,838 square kilometers and has a reliable public transit system to help residents get around. However, consider that the majority of Canadians (83% as of 2022) own or lease a vehicle. That means securing reliable car insurance in Acton, ON, is a must for peace of mind. Having the right information allows you to make the best decision when it comes to car insurance, which can safeguard you against a myriad of risks.
Insurance Requirements in Acton
Liability insurance pays for damage to other drivers when you're responsible for an accident. As a result, this coverage is mandatory within Acton, Ontario. All drivers must carry $200,000 in liability insurance to cover a single accident. This insurance pays for both bodily injury and property damage. However, bodily injuries take precedence over property damage in the event costs exceed $200,000.
Types of Car Insurance in Acton, ON
Keep in mind that insurance coverage can vary quite a bit from policy to policy. However, in addition to mandatory liability coverage, most insurers in Acton will provide similar types of coverage when it comes to your vehicle.
Bodily Injury
While your liability insurance covers bodily injuries affecting others, it does not cover you. Bodily injury insurance (also known as accident benefits) can cover any medical expenses you incur during an accident, as well as lost wages resulting from an inability to work.
Collision
You may need to purchase collision coverage separately from your mandatory liability policy. Collision insurance pays for damage to your vehicle after a crash with another motorist, regardless of who is at fault for an accident.
Comprehensive
Other events, including theft and vandalism, can also damage your vehicle. Comprehensive coverage will offer repair funds for all non-collision damage. Without comprehensive insurance, you must pay out of pocket for any repairs that result from non-collision incidents.
Additional Coverage
There are other types of vehicle coverage that car owners can purchase to enhance their protection even further. For instance, roadside assistance insurance covers costs for tows and roadside service in the event your vehicle is not functional after an accident. There's also car rental coverage, which pays for the costs of renting a vehicle while you wait on repairs to your car. Other types of car insurance include:
- Insurance to repair damage to a rental vehicle
- Collision forgiveness to keep premiums manageable
- Depreciation protection to protect against decreasing vehicle value
Every driver has unique risks and needs when it comes to car insurance. Fortunately, we're well-equipped to help you find the best coverage for your needs, while also helping you maintain reasonable monthly premiums.
Consequences of Not Having Car Insurance in Acton, ON
In the event you lack mandatory liability coverage, you could face steep fines and penalties. This includes a fine ranging from $5,000 to $50,000. Additionally, failing to present proof of coverage when requested could result in a suspended license and an impounded vehicle.
If you lack other types of coverage, you will be responsible for all damage that impacts your vehicle. This could range from minor repair expenses to the cost of total replacement if your vehicle is totaled or subject to theft.