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My topic is on auto insurance. My padlet will have some good information on car insurance along with some cool facts about car insurance. I will be showing you some pictures along with videos and websites about auto insurance. I hope you enjoy!

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This video talks about why you should lease a car versus buying one. It all depends on your financial situation and how much you plan on driving the car. Leasing could be a big gamble, you are debating that they overvalued their car and they are debating that they undervalued it. They could manipulate the numbers to make it look like that you are getting a good deal even when it is not a good deal.

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This person in this video gives you some good tips on how to lower your car insurance. A good tip he gives out is to shop around for car insurance before you buy. The next step he gives you is to go to driving school to lower your insurance rate. Another tip is to try and drive responsibly and not pick up any tickets because that will raise your insurance rate by a lot. This video is really helpful for people trying to save money on their car insurance.

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This video gives you a basic introduction on how car insurance works. The choice of vehicle could make a big difference to how much your insurance costs. Depending on value, engine size, power, and repair costs. The idea is more money comes in through premium then is payed out in claim costs. If your car is over a certain amount of money it would make sense to get comprehensive car insurance. Comprehensive insurance coverage offers protection when your car has been damaged while it is parked, meaning it provides you with coverage for events that are out of your control.

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In Ontario it states that we pay more for our insurance then any other provinces. We pay 19% more for auto insurance compared to other Provinces. This site states some mythical facts about auto insurance and reasonings for why we pay so much. It also provides the reality to the myths on the actual reasons why we pay so much for car insurance. It also talks about fraud and how people are faking accidents with their cars to get money out of their insurance companies.

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Ontario's 9.7 million drivers pay too much for auto insurance.

Bet you didn't think you'd hear that from Ontario's auto insurers. But it's true: drivers in this province pay far more than drivers in every other province. In 2016, Ontario drivers paid on average $1,437, which is 19 per cent more for auto insurance than drivers in Alberta, and 65 per cent more than drivers in Atlantic Canada.

If you ask insurers why premiums are so high, they'll give you two reasons - fraud sucks resources out of the system and claims settlement costs are too high.

Ontario drivers give different reasons for high premium costs. But most often, their reasons are based more on myth than reality. Here are some reasons I've heard from Ontarians, along with facts to set the record straight.

Myth: Ontario's highways are more congested and have more new drivers, resulting in more accidents.

Reality: Ontario's roads are among the safest in North America. According to a recent government report, Ontario's 2013 auto-accident fatality rate was the second-lowest ever recorded in the province and the second-lowest in all of North America, behind only the District of Columbia. And Ontario's auto-accident injury rate in 2013 was the lowest ever recorded in the province and among the lowest in Canada.

Myth: We get better insurance benefits in Ontario.

Reality: This is partly true. Ontario's auto insurance system does provide some of the most generous benefits in Canada. However, claimants do not receive the full value of those benefits. In fact, according to a recent report by the province's auto advisor, David Marshall, claimants received only $2.5 billion of $3.87 billion paid out in claims in 2013. The rest, approximately $1.4 billion, went mainly to health practitioners and lawyers. Marshall states that the amount of "leakage" threatens the very foundation of the auto insurance system.

Myth: Insurance companies are gouging consumers.

Reality: The Ontario auto insurance market is not a high-margin business. In fact, insurers regularly lose money on Ontario auto insurance as is indicated by the loss ratio numbers the industry releases annually. In 2016 as an example, the overall combined loss ratio for personal passenger vehicles in Ontario was 102 per cent. Put simply, for every dollar insurers collect in auto premiums, they pay out $1.02 in claims and operating costs.

Fraud must be rooted out and the costs to settle claims must come down.

The fact is that, in other provinces, insurers can charge much lower premiums and still make an acceptable return on their auto insurance business.

So what needs to change in Ontario?

Fraud must be rooted out and the costs to settle claims must come down.

First, let's look at fraud. Fraudsters come in many forms - from organized crime rings that stage collisions to disreputable health practitioners who over-charge for treatments. Whatever the form, the end result is higher claims costs. According to KPMG, auto insurance fraud costs Ontario consumers $1.3 billion a year.

Research shows that when governments take up the cause, they get good results. In 2014-15, the California Department of Insurance's Fraud Division, which acts as the primary law enforcement agency responsible for investigating automobile insurance fraud, made 354 arrests, and referred 376 submissions to prosecuting authorities.

We need that same government focus here in Ontario.

Second, how can we reduce the costs of settling claims?

According to David Marshall, claims for simple minor sprains and strains often take more than a year to make their way through the system. And these types of minor injuries account for 80 per cent of all auto insurance claims. Marshall also found that about one-third of the cost of benefits for claims for minor sprains and strains is paid out in lawyers' fees and to experts providing competing opinions, among other costs. This money never reaches the injured parties.

Marshall makes several strong recommendations for fixing this problem, including the creation of a new regulator charged with streamlining the system. We agree with Marshall's suggestions and my industry is keen to work with the provincial government to make it happen.

It's time to get serious about reducing the costs of fraud and of settling claims that are driving up Ontario's auto premiums.
Also on HuffPost:

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Here's Why Ontarians Pay Too Much For Auto Insurance

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Ontario's 9.7 million drivers pay too much for auto insurance. Bet you didn't think you'd hear that from Ontario's auto insurers. But it's true: drivers in this province pay far more than drivers in every other province.

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This picture below shows what factors could determine your auto insurance costs. It talks about your coverage, your car, and yourself.

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It is important to know what types of coverage your insurance company covers. In this picture it shows different kinds of insurance coverages.

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This picture provides a good amount of information and some cool facts regarding auto insurance. From claims to world car densities to the percentage of people not wearing seat belts.

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If you're trying to get a few quotes on car insurance lowestrates.ca is the best place. All they need is your basic information, driving experience, and car information. They could get you up to 30+ quotes in just a few minutes. You are also able to talk to your insurance brokers to confirm your quotes. The great thing about this website is that its all free and you could compare each quote with one another making it easy for you to purchase the right insurance for you.

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1. We'll need your postal code, driving experience and vehicle information.

2. Get 30+ car insurance quotes in just 3 minutes.

3. Talk to an insurance broker to confirm the details of your quote.

4. Purchase a policy from your chosen insurance company when speaking to the broker.

5. Just like that.

Get Started

Compare car insurance quotes online
to get the lowest rates

Looking for the best rates on car insurance? You've come to the right place. At LowestRates.ca, we'll help you compare the most competitive offers from Canada's leading auto insurance companies. You'll get the policy that suits you best while saving time and money.

Just fill out our insurance form and click 'Compare' to find your quotes. Auto insurance rates for the same driver with the same car can vary wildly between insurance companies, which is why comparing rates is the only way to get the best deal.

How do I find the cheapest auto insurance rates?

Online quote comparison sites like LowestRates.ca make it simple - just fill out our auto insurance form with your driver details (postal code, driving experience, vehicle make and model, etc.), and then we'll find and rank the cheapest auto insurance rates available to you.

Once you've selected your quote, you'll be able to speak directly with an insurance broker who'll help you lock in your rate with the insurance company and get set up with your new policy. Shopping for car insurance has never been quicker or easier.

What can I do to get cheap car insurance?

It's easy - if you know how. Here are some of the best ways to lower your auto insurance premiums:

We'll show you the most competitive rates from all the top insurers. Now you can compare quotes all in one place.

Avoiding extra frills in your policy and paying for only the coverage you need will lower your premiums.

It's true - your driving record impacts your rate. Fewer infractions and fines equals cheaper insurance.

Prompt payments can save you money on late fees and lower your premiums. Insurers love a good customer.

Adding a house, motorcycle, RV, or other type of insurance policy to your car insurance plan can lower your rates.

Safety features like winter tires and alarm systems can help reduce your insurance premium.

Most auto insurance companies give special discounts to customers who stay with them for a number of years.

A defensive driving course makes you a better driver and can significantly reduce your car insurance premiums.

The math is clear: more experience on the road equals lower car insurance premiums.

Where you drive affects your premiums. Some areas are associated with higher car accident and theft rates.

Cars with high crash-test scores, low theft ratings, and less powerful engines tend to have cheaper insurance rates.

Types of auto insurance coverage

Getting the best auto insurance policy isn't just about the lowest price. It's also about finding the right coverage, so you'll be financially protected if you get into an accident.

Here are the categories of coverage available in Canada:

This insurance is required by law throughout Canada. It covers the costs associated with damages caused to another person or vehicle in an accident, including medical bills, rehabilitation, lost earnings, legal fees, and other expenses up to the limit of your policy. As a practical matter, you'll want enough insurance to cover a judgment against you in a major accident so that your personal assets won't be put at risk.

ERS insurance provides you with roadside assistance in the event of a breakdown or mishap while you're out driving. It also covers the cost of getting your car back on the road. Those costs may include light mechanical labour, an oil or gas delivery, new batteries, a boost, tire changes, locksmith services, or even a tow. With help on the way, ERS takes the stress out of a breakdown.

This type of auto insurance covers damages resulting from incidents that aren't related to car accidents or collisions. Comprehensive coverage often includes hazards like extreme weather, vandalism, falling objects, fire, theft, and flooding.

Collision insurance covers damage to your car in the event of a vehicle rollover or a collision with another vehicle or object. If your car is totalled, collision insurance will pay the cost of replacing it.

Uninsured motorist coverage

Covers costs related to your injury or death after an accident caused by another driver who's either uninsured or unidentified, as in the case of a hit-and-run driver. Keep in mind that this coverage only pays for damage to your vehicle if the uninsured driver is also identified.

Direct compensation property damage

Available only in New Brunswick, Nova Scotia, Ontario, and Quebec, DCPD covers your car for losses and damages after an accident that you weren't entirely responsible for. But the other driver has to be identified, insured, and found to be at least partially at fault.

Provides protection for you against all types of perils except those specifically excluded from your policy.

Accidents benefits coverage

Provides you with medical care and income replacement benefits if you're injured in a car accident.

Deal with your own insurer regardless of who's at fault in an accident. With no-fault insurance, you don't have to pursue the other driver's insurance provider to get compensation. Your insurer will pay for your benefits, so your medical bills get covered and you can get back on the road.

This type of auto insurance only covers the perils named in your policy, and it generally includes commonly occurring hazards such as fire, theft, hail, and windstorms. Specified perils is often purchased as a cheaper alternative to comprehensive insurance.

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Compare the best auto insurance rates in Canada

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We'll need your postal code, driving experience and vehicle information. Get 30+ car insurance quotes in just 3 minutes. Talk to an insurance broker to confirm the details of your quote. Purchase a policy from your chosen insurance company when speaking to the broker. Just like that.

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This website shows you how to buy auto insurance. It shows from types of car insurances to different types of insurance providers. There is insurance for the public and then there is also private insurances. Public car insurance is only offered in British Columbia, Manitoba, and Saskatchewan. There are three types of insurance providers; banks/credit unions, insurance companies, and independent insurance brokers. This site will give you a great overview on how you should be looking at purchasing your auto insurance.