Vehicle Insurance Coverage

How to Choose the Best Vehicle Insurance Coverage in Ontario, Canada


When it comes to choosing the best vehicle insurance coverage from companies like Surnet, it’s vital to understand your needs and the various options available. This guide will help you navigate through the various coverage options available in Ontario, Canada, and ensure that your vehicle is adequately protected.

Understanding the Basics

In Ontario, drivers must have at least a basic level of car insurance. This includes third-party liability coverage, accident benefits coverage, direct compensation-property damage (DC-PD) coverage, and uninsured automobile coverage.

Third-Party Liability Coverage

Third-party liability coverage protects you if someone else is killed or injured, or their property is damaged. It’s a legal requirement to have at least $200,000 in third-party liability coverage in Ontario, but most people go for at least $1 million.

Accident Benefits Coverage

Accident benefits coverage provides benefits if you get injured in an accident, regardless of who caused the accident. This can cover costs like rehabilitation, income replacement, and attendant care.

Direct Compensation-Property Damage (DC-PD) Coverage

DC-PD coverage pays for damage to your vehicle and any property inside the vehicle, as long as you weren’t at fault for the accident. The amount you receive is based on the percentage of fault assigned to the other driver.

Uninsured Automobile Coverage

Uninsured automobile coverage protects you if you’re involved in an accident with an uninsured driver or if you’re the victim of a hit-and-run.

Optional Coverage

In addition to the mandatory coverage, there are several optional coverages you might consider based on your needs:

Collision coverage

Collision coverage pays for repairs to your vehicle if you’re involved in an accident, regardless of who’s at fault.

Comprehensive coverage

Comprehensive coverage pays for damage to your car caused by things other than a collision, like theft, vandalism, falling objects, fire, and more.

Considerations When Choosing Coverage

When choosing the best vehicle insurance coverage in Ontario, consider the following:

  • Your budget: Determine how much you can afford to pay for insurance. Keep in mind that choosing a higher deductible can lower your premium, but you’ll need to pay more out of pocket if you have a claim.
  • Your vehicle: If you have a new or expensive car, you might want to consider higher coverage limits and additional coverages like collision and comprehensive.
  • Your risk tolerance: If the thought of paying out of pocket for damages or injuries causes you stress, you might want to consider higher coverage limits and lower deductibles.

Remember, while it’s important to consider price, the cheapest policy may not always provide the best coverage. It’s crucial to understand what each policy offers and ensure it fits your needs. Always read the policy carefully and ask your insurance professional to clarify anything you don’t understand.


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