Car Insurance in London

Equipping winter tires at a specific time of year (usually in the range between October-December) may qualify you for an auto insurance discount, depending on your provider. This discount isn't always an option for every provider, but be sure to ask. It can help you save money - up to 5% off your premiums!

The best car insurance company is the one that you can get the best possible rates from without sacrificing any of the coverage you need.

A deductible is the portion of the claim that you will have to pay. Your deductible may be different for different components of your auto insurance in London and the amount may range between $250 to $1,000 and onwards. As an example, if you got into a claim where there were roughly $2,000 in damages and you had a $500 deductible, you would have to pay $500 before your auto insurance company would pay the remaining $1,500.

Deductibles also directly impact your auto insurance premiums. The higher your deductible amount, the lower your insurance premiums may be. Because your deductible is an out-of-pocket expense, be sure that the amount you choose is within reason for your budget.

If you are involved in an automobile accident where you were deemed to be at-fault, you can expect your auto insurance rates to increase. Auto insurance companies may assign different levels of fault to each or every driver involved in the accident. In many situations, both drivers will have some level of fault. Unless you have accident forgiveness, your auto insurance rates will increase upon renewal time.

In most instances, personal belongings that you carry in your vehicle would be covered by your home, condo, or tenant insurance. If your vehicle was damaged during the break-in, the comprehensive portion of your car insurance in London would cover the damages (if applicable).

Everyone's situation is different. Your insurance policy may look very different than your neighbour's. It boils down to how you use your vehicle, who uses your vehicle, what you use your vehicle for, and the make/model and condition of your car.

Unless otherwise requested, your London car insurance will renew automatically. However, it's a good idea to review your new policy before your time is up to ensure you're happy with the new terms. If you don't like the new rates or if you disagree with something, you'll have to find new coverage before your current policy expires. A lapse in coverage can have significant consequences and make it difficult to acquire insurance in the future, not to mention that driving without valid insurance is illegal in every province in Canada.

It could. If that person gets into an accident and doesn't have a "Non-owned auto liability" endorsement, that accident will be covered by your insurance. If that person was at-fault, that might be factored into your future insurance premiums. At-fault accidents can increase your rates substantially, depending on the percentage of "at-fault" the person was deemed by the insurance company.