Auto Insurance Vaughan
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What is required by law?
Mandatory Auto Insurance in Vaughan
In Vaughan, you are required to have an auto insurance policy if you drive. Fines for not having valid insurance in Vaughan can be up to $5,000 and they stay on your record for 3 years. This will make getting insurance very difficult. The following coverages are mandatory:
Accident Benefits
More Tips to keep your auto insurance Rates low
Vaughan Auto Insurance
What Type Of Coverage Should you get?
Getting the best auto insurance coverage is not simply finding the right price. Cost is very important but if an accident occurs, you won’t be looking at the price of your policy. Below we will discuss the two most common types of auto insurance policies clients purchase and who each one is suited best for.
One-Way Coverage
One-way or liability only coverage is an auto insurance policy where your vehicle repairs are not covered should an accident occur that was your fault. Ex: You drive into another persons vehicle while making a left turn. Since this accident was your fault, your vehicle repair bills are not covered. The third-party liability is still included in this policy.
This is a great way to save money if you have an older car where repairs would not be very costly. Newer vehicles or more high end cars should have a full coverage policy.
Full Coverage
Full coverage on auto insurance means the policy covers both vehicle damage as well as the liability component regardless of who’s fault the accident was. If the accident was your fault, your vehicle will be covered subject to a deductible (Usually either $500 or $1000). The lower the deductible, the higher the cost of insurance.
This policy is perfect if you have a new car and are financing/leasing it. The finance/leasing company will require you have a full coverage policy in place in order to protect their interest in the car. This policy is also great if you own a high end vehicle which would be very expensive to fix on your own.
How To Get An Auto Insurance Quote in Vaughan
Getting a car insurance quote in Vaughan is very simple. The process is as follows:
- The customer is asked for his basic information such as name, address and date of birth.
- If its a non-standard auto insurance quote, the customer will be asked a few follow-up questions to better access the situation.
- If the client is unsure of the coverage options, the insurance professional will explain the choices and help the client select them.
- Once all the required information is received, the info is put through the insurance company software for estimates.
- Once a quote is generated, the coverage is discussed and the client can decide to proceed with an application. Insurance applications are simple and can be done in the same say!
Top Reasons
Why Your Vaughan Auto Insurance is High
There are many factors which affect your auto insurance rate, but these three have the largest impact.
01
Address
Your address is the biggest factor that will affect your car insurance in Vaughan. General, rates get better as you go North.
02
Claims
If you have an at-fault collision on your record, expect your auto insurance rate to be high. At-fault accidents are rated for six years.
03
Car
Your vehicle will have an impact on your auto insurance rates. New, Luxury vehicles may cost more to repair which can increase insurance premiums.
How to Save on Vaughan Auto Insurance
Vaughan auto insurance rates are rising every year. Now more than ever is a great time to shop around! Have a chat with a Vaughan insurance broker for more information!
Below you will find three more ways on how you can save some money on your Vaughan car insurance.
Shop Vaughan auto insurance Rates!
whether you are adding a vehicle to an existing policy or would like to simply review your renewal, it will be the quickest quote you do! Shop and save on your auto insurance today!
How to reduce your rate
Vaughan Auto Insurance Discounts and Tips!
Like the Greater Toronto Areas, Vaughan population is growing at a very rapid pace. With population growth comes a natural increase in accident which results in higher insurance premiums.
Here are a few discounts to help reduce your auto insurance rates even more:
- Multi-vehicle discount
- Drivers training discount
- Telematics enrolment discount
- Home and auto discount
- Winter tire discount
- Pleasure usage
Along with all those discounts, here are a few extra tips to help keep you auto insurance premiums as low as possible.
- Increase your deductible. If you are confident in your driving ability, you should consider increasing your deductible because that will decrease your insurance rate.
- Try to always bundle your auto insurance with your Vaughan home insurance. If you do not own a home or condo, you can consider getting tenant insurance to qualify for the home and auto discount.
- Collision and comprehensive coverage are not mandatory. If you have an older car, consider insuring it just one-way to help save on insurance costs.
Is your car used for business?
Vaughan Commercial Auto Insurance
Do you have tools or attached machinery to your vehicle? Are you a contractor who works on customers homes? Do you use your vehicle for regular deliveries? You may require a commercial auto insurance policy.
Many clients make the mistake of assuming that a personal auto and commercial auto insurance policy are the same. Should an accident happen and the company deems your vehicle as one which should have been commercial rates, you may have your policy cancelled and your claim denied.
Commercial Auto Insurance Questions and Answers
Vaughan Commercial Auto Questions
Are commercial auto insurance rates higher than personal rates?
Vaughan auto insurance was never considered cheap. It seems that every year, rates are rising. The good news for certain commercial drivers is that rates for light vehicles in Vaughan have been good. In some cases, a light vehicle commercial auto policy may be cheaper than a standard personal auto insurance policy.
How Do you get a commercial auto insurance quote?
Commercial auto insurance quotes are very similar to personal insurance quotes. The main difference is the vehicles usage. You must specify what business you are in. Examples include: deliveries, courier, contractor and electrician.
Once the use of the vehicle is determined, the remainder of the quote is very similar.
Examples of Commercial Use in Vaughan
If you depend on your vehicle for business, you likely need a commercial auto insurance policy. Below are several examples that require commercial auto insurance:
Can I use my commercial auto insurance personally?
You must notify your auto insurance company that you will also be using this commercial vehicle personally. In many cases, this may be the only vehicle you own and insurance companies understand this. You will be rated a little bit higher (class 36) but it will allow you to use your commercial vehicle for personal use as well.
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We have been providing auto insurance quotes across the entire province. Are you looking to move somewhere outside of Vaughan? Get the best auto insurance quote in your city! View our service areas below!
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- Serving Vaughan and all of the York Region!
- Monday - Friday: 10:00am - 5:00pm
- (416) 803-2113
- filipa@pbnet.ca
Filip Ambroziak
Filip Ambroziak is a RIBO (Registered Insurance Broker of Ontario) and LLQP licensed broker operating in Ontario. After many successful years in the industry, he has created a client base covering a range of small to large businesses, builders risk policies, commercial and personal auto, rented dwellings, high worth homes, dealerships, contractors, lawyers, real estate brokerages, non-for-profits and many more.
Filip is partnered with the largest and most reputable insurance companies in Ontario.