Car Insurance in Peterborough

Uninsured automobile coverage is required for all drivers in Ontario. This coverage is designed to protect you and any passengers in your vehicle if you get into an accident with an at-fault driver who is either uninsured or underinsured.

This type of coverage can also protect the policyholder should they be the victim of a hit-and-run. Uninsured automobile coverage can help pay for the costs of bodily injuries, car damage, lost wages due to the accident, and more.

If you, a passenger, or a pedestrian requires medical attention following a collision, accident benefits coverage can help. This type of coverage is applicable no matter who was at fault for the collision. It may help pay for loss of income, medical expenses, such as prescription medications, physical therapy, or rehabilitation, and more.

Direct compensation - property damage coverage is another type of mandatory coverage in Ontario. It protects an insured vehicle and its contents from the costs of property damage, so long as the policyholder is not at fault for the accident that caused the damage.

With this type of coverage, the insurance company often provides direct payment for the repair or replacement of your vehicle. To be eligible for direct compensation coverage in Ontario, the collision must meet the following criteria: it occurred in Ontario, it involved multiple cars, and it involved at least one car that participates in the provincial car insurance program.

Collision coverage protects the policyholder if they get into an accident with another vehicle or object on the road, no matter who is at fault for the accident. Under the collision coverage section of your policy, you can receive compensation to help pay for any property damage that resulted from the collision, such as a damaged vehicle.

Many Peterborough drivers choose comprehensive coverage for the peace of mind it offers. Though standard auto insurance coverage in Ontario provides a certain degree of protection against collisions, it does not protect motorists from other unforeseen incidents associated with driving.

That’s where comprehensive coverage comes in. As the name suggests, this type of coverage can protect you from all kinds of unfortunate circumstances, like theft, vandalism, water damage, fire, and more.

One final type of optional car insurance coverage popular among Peterborough drivers is accident forgiveness. Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement, to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim.

If you're buying a new car, adding this coverage to your policy is worth considering. It ensures you're covered for the full value of your vehicle without factoring in depreciation. That means if your car is stolen or totalled, you'll be reimbursed for the cost of a brand-new vehicle—not just what it's worth after wear and tear.