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Here I will show and explain the topic "Auto Insurance". I will provide some images, videos explaining what Car/Auto Insurance is, as well as some websites that explain what factors affect auto insurance, as well as some tips and advices when getting an auto insurance. Auto insurance is basically an agreement between you and insurance company that covers you from financial loss in case of accident, injury, or robbery.

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This image explains in few words what would happen in different situations. For example, what happens when it is your fault or other driver's fault. What happens when there's a loan involved or no loan involved? No worries, it also explains that so you can get your answer.

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This image shows the different types of Auto/Car insurance coverages that an insurance company could cover (depending on situation). Some of the coverages are collision coverage, personal injury coverage, liability coverage and comprehensive coverage.

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The person in this specific video talks and explains (for immigrants) about car insurance in Canada. He explains step by step on how to buy car insurance through your bank or any insurance company. He shows how to provide some information such as name, DOB, car details, etc. and get a quote. In other words "Quote" means the amount you would have to pay to insurance company / bank.

I decided to put the link of this video because there are some people that come to Canada and have no family or relatives that would help them get auto insurance or give them some type of advice/tips. So this video on YouTube clearly shows and explains how to buy auto insurance. A piece of information that I found very useful in this video is how you can choose the collision coverage amount anywhere between $0 - $5,000 (depending on insurance company/bank).

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CAR INSURANCE IN CANADA (For Immigrants)

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A really good video I found on YouTube and I put the link here so you guys can also watch this video and get better understanding of all types of auto insurance. This video explains thoroughly each type of auto insurance, as well as the benefits, advantages/disadvantages. All of the information in this video is useful because it's based on Ontario rules and insurance policies.

A reason I liked this video is because by explaining each type of auto insurance, you can get a better understanding of what you need and what you don't need. For example, when getting a 'quote', it's optional for you to add collision coverage or comprehensive coverage. However, you could get more information on each coverage and see if you are interested in any of these coverages in order to protect your vehicle.

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Ontario Car Insurance – Here’s what you need to know

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The person that uploaded this videos work in one of the insurance companies in Ontario, Canada. He shared with us 13 ways to have/get cheaper auto insurance in Ontario. He explains which specific things make your car insurance go higher or lower. For instance, having no serious tickets, like speeding ticket or dangerous driving ticket, would make your insurance premium go higher. On the other hand, low mileage or having a clean record will make your insurance premium be at lower rate.

I really like this video because it give a very clear understanding of what affects your auto insurance premium so you can avoid it and have your auto insurance be at lower rate. One information that I found very useful is that if you have winter tires installed on your car during winter, you'd be offered discounts for having them on which makes the insurance premium decrease.

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🆕 How To Get Cheap Car Insurance in Ontario | 13 ways to get Cheaper Ontario Auto Insurance

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This is the website of Government of Canada and it talks about Auto Insurance in Canada. There are many useful and important  information you could find on this website about auto insurance. For example, there is an explanation on "Why we need auto insurance?", it also provides information on insurance policies.

The reason I decided to put this website here is because I can safely say and guarantee that all of the information on this website is always updated and clearly explains what car insurance is and why we need it. A piece of information that I found interesting is that on this website it tells the reader what are the things that insurance company won't cover in your auto insurance policy.

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Understanding car insurance

Car insurance is a protection you must purchase if you own a car or other vehicle. It protects you in case of an accident. Car insurance may protect you from:

having to pay to repair your car or other vehicle after an accident

liability claims if you're responsible for an accident causing damage

Insurance companies may refer to car insurance as property and casualty insurance. Property and casualty insurance also includes home insurance, business insurance and disaster insurance.

If someone who isn't on your policy has an accident with your car, your own premiums may increase.

Who your car insurance policy covers

If you get into a car accident, your insurance may cover:

the driver

all passengers

other people involved in the accident

In some provinces, injured passengers or other people involved in the accident must make a claim with their own insurance first.

If you have additional drivers, you must list their names in your insurance policy. Additional drivers include other drivers in your household who may use your car. For example, to drive to school or work. If they have a poor driving record, your premiums may increase.

Car insurance policy coverage

Coverage is the maximum amount of money your insurance company will pay you if you make a claim. Ask your insurance company what coverage your policy provides.

Liability insurance

Liability insurance covers losses, such as injury or death that your vehicle causes to other people. It also covers damage your vehicle causes to other vehicles. You may need to pay the balance of the settlement yourself. For example, if the cost of the loss or damage is higher than your liability limit.

Liability insurance doesn't cover the cost of repairs to your own vehicle. You may need to consider additional insurance to cover these costs.

Accident benefits

Accident benefits cover the cost of your own medical expenses and loss of income following a car accident.

Quebec residents are covered for injury or death by Quebec's public automobile insurance plan. Premiums are part of your driver's licence registration.

Additional insurance coverage

Your car insurance policy may also provide you with additional benefits.

Collision insurance

Collision insurance covers the cost of repairing or replacing your car if you hit another car or object. Insurance companies may include it in your mandatory insurance coverage.

Comprehensive insurance

Comprehensive insurance covers the cost of repairing or replacing your car due to other types of damage or loss. This may include:

Comprehensive insurance doesn't cover certain loss or damage to your car. For example, if you hit another car or object in a collision.

Optional insurance coverage

Depending on your driving record, you may not be eligible for all types of optional insurance.

Optional insurance pays for risks not covered in your basic policy. Insurance companies call this a rider or an endorsement.

You may also want to consider additional insurance coverage for:

renting a car or using alternate transportation while your car is at the garage

repair of physical damage to a rental car

emergency road-side assistance

collision forgiveness which keeps your premium from increasing following your first accident for which you're at fault

depreciation to make sure you receive the full value that you paid for your car

What your car insurance policy doesn't cover

Most car insurance policies don't cover the loss of personal items. For example, when a thief steals golf clubs, clothing or personal electronics from your car. Your home or tenant's insurance usually covers these losses.

Check your home insurance policy to find out if it provides coverage for the theft of personal items from your vehicle.
Learn more about home insurance.
Car insurance premiums

Premiums are the amount you pay to buy insurance.

When determining how much you'll pay for premiums, insurance companies may consider factors like:

your age

your gender

where you live

your marital status (for young drivers)

what car you drive

how much you use your car

your driving record

your claim history

the type of coverage you choose

the amount of your deductible

A deductible is the amount of your claim you agree to pay before your insurance company pays the rest.

Shop around for the lowest insurance premiums

Your premiums will vary from one insurance company to another. Shop around, ask for quotes, and compare prices before deciding on one insurance company. In some cases, you may be eligible for a discount by combining your home and car insurance.

When shopping for a car, check the insurance rating for the car you're thinking of buying. Insurance companies assign ratings based on the claims made on different makes and models. Cars with better ratings are cheaper to insure.
Learn more about car insurance ratings.
In certain provinces and territories, insurance companies may charge higher premiums based on your credit score.
Learn more about how insurance works.
What to do if your car insurance premiums increase

In certain cases, your car insurance premiums may increase. If it does, re-evaluate your needs. Review your insurance needs with your insurance company. Consider asking about the following options to lower your car insurance premiums:

raising your deductible

dropping collision coverage if your car has a low resale value

a package deal for insuring your home and car, or more than one car

Shop around and get quotes to compare prices from different companies and brokers. Make sure you're getting the best deal.

Car insurance settlement options

Your insurance company will review your claim and decide how it will settle it.

When you make a claim, you're always responsible for paying the deductible. How much money you get from your claim depends on your insurance benefits.

Repair or replacement

Your insurance company will pay for repairs to the same condition your car was in before the damage.

Betterment

You're responsible for the cost of any additional improvements to your car.

Write-off

Your insurance company may decide to treat your car as a write-off instead of repairing it. For example, if the cost to fix your car is more than its value before the accident. In that case, your insurance company will provide you with a cash settlement. They base the settlement on the value of your car before the accident.

Settling a claim if you have a car loan

If you have a car loan, your car insurance policy will usually include a loss payee clause. A loss payee clause makes your lender your beneficiary. In case of loss or damage to your car, your insurance company will pay your lender (your beneficiary). They'll pay up to the balance of your car loan when you make a claim.

When you make a claim, your insurance company may, at its discretion, give the money to either:

you, so you can fix your car when you submit a claim

your lender, who would then give you the money for repairs after you submit receipts as proof

Related links

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car insurance; car insurance policy coverage; liability insurance; accident benefits; collision insurance; optional insurance; premiums; premiums increase; additional insurance; collision assurance; comprehensive insurance; optional coverage; premiums; settlement options; car loan;

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Information on several aspects of car insurance, policies, coverage, premiums, settlement options and settling claims when you have a car loan.

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A really good website that shows all the factors that affect auto insurance premium. It explains each of the factor, as well as proving some factors with examples for better understanding. Some factors that affect your auto  insurance premium are age, gender, location, driving history, any claims, and obviously the car itself. To be specific, the brand and exact model of the car, new or used, etc.

I wanted to share the link of this website here because this would give you a better understanding of how auto insurance premium is calculated. One piece of information that I found very useful is that on this website it shows how much your insurance would be at a certain age (17-25 years old) for references.

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So, you've got your eyes on your dream ride. It's there, sitting in a dealership lot, gleaming in the sun. You're convinced the two of you are meant to be.

But before you walk in and get the keys, there's something you have to know.

That car could drastically change your monthly auto insurance premium.

For many, getting their first car or buying a new car is an insurance eye-opener. In Ontario, the type of car you drive has a significant impact on the insurance rate you pay.

And it's not the only factor that determines your rate. Your age, sex, marital status and your postal code all affect your rate. Among other things.

So, let's take some time to break down all the factors that determine how much your premium will cost you every year.

The car you drive

Your vehicle is a major variable in determining your auto insurance rate. The spread between drivers with different cars but comparable driving histories can be thousands of dollars a year.

Take a look at our list of the Top 10 Cheapest Cars to Insure in Canada. As you can see, the average price to insure between the cheapest and the most expensive is more than $500 annually.

That number keeps widening as you go down the list. So, if you want to cut your insurance rates, opt for vehicles that have reputations as being cheap to insure, such as Toyota Corollas or the Mazda3.

Your age

There's a misconception among drivers that auto insurance rates automatically go down when you turn 25. While this isn't generally true, your age does play a factor in your rate, and generally, you pay less as you get older.

For example, check out data we pulled from our insurance quoter below. This is based on a male driver who owns a 2015 Mazda3 GS with a clean driving record. As you can see, the higher the age, the lower the quote.

Your sex (and even your marital status)

This one might seem a little discriminatory, but the Financial Services Commission of Ontario, or FSCO, has ruled that insurers can use the sex of a driver as a variable in how they determine auto insurance rates.

Now, just because FSCO allows it, doesn't mean that all auto insurers necessarily have to use sex as a variable. As far as we're aware, however, all of the providers in Ontario do. (We'd love to be proven wrong on this front. If you know an insurer that doesn't, drop us a line.)

Marital status is another variable that FSCO says insurers can use to set their rates. However, not all insurers use this variable. For those that do, the married are viewed as safer drivers and so they get a discount.

Your driving history

This is another big variable. If you have a clean driving record, you could be saving thousands of dollars a year compared to someone who has been in multiple accidents over their driving history.

And it's not just claims and accidents that can have an effect on your rates. Traffic violations, such as speeding tickets or running a red light, will also raise your insurance rate. This typically won't show up until you have to renew your premium, and only if your insurer makes a check on your driving record.

Either way, expect any accident or traffic violation to potentially impact your rate.

Your location

Your address significantly affects how much you're paying each year. Driving just a few blocks over into a different area code can often times have a drastic effect on your auto insurance rate.

That's because your area's history of auto insurance claims will impact your rate. If you live in a neighbourhood with frequent car theft, break-ins or collisions, then you're viewed as being more likely to have these things happen to you. And insurers compensate by charging you a higher rate.

The tradeoff, however, is that the areas with the lowest rates also tend to be more affluent neighbourhoods. Sure, they statistically tend to be safer, but they're also more expensive to live in. So while you'll be saving on auto insurance rates, you'll be paying a premium just to live there.

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Here is a look at all the factors that affect your car insurance rate in Ontario

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So, you've got your eyes on your dream ride. It's there, sitting in a dealership lot, gleaming in the sun. You're convinced the two of you are meant to be. But before you walk in and get the keys, there's something you have to know. That car could drastically change your monthly auto insurance premium.

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1. What did you learn about your topic that surprised you the most?

- Something that I learned from this topic that surprised me the most is that when I was on the website #3 and was reading the list of the cheapest cars to insure in Ontario, I knew that small cars, or cars that don't cost much would be on that list however I saw a car on the list which was Volkswagen Golf that is a really great car to have. The reason it surprised me that it's cheap to insure in Ontario because we, as a family, were deciding on purchasing another car and when I was going through some options I didn't think this car would be cheap to insure compare to it's rivals or relevant cars brands/models. Maybe one day I'd consider buying this car for myself knowing that it's not very expensive to insure in our province.

2. Provide a real-life example of how this topic is relevant or interesting for you.

- The topic "Auto Insurance" is very relevant because couple of days ago we, as a family, decided to switch from one insurance company to another. So before switching we wanted to look at all rates and options before going to another insurance company. So obviously we had to go through all the steps that were mentioned and explain in Video #1, which is the steps to get a quote. We also wanted to get a bundle (car + home insurance) so that way the insurance premium would reduce. Finally, we looked over some factors that affect auto insurance premium so we can get a great value for our insurance premium.

3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

- In my opinion, the most important piece of information to pass on to a  family member, relatives, or friends is the factors that affect auto insurance premium. By knowing how auto insurance premiums are calculated and what affects them would be a very good thing to keep in mind before choosing/getting auto insurance. For example, if you're 17-19 years old and want to have a bright color (red, yellow, blue) 2 door coupe car, then it would be better idea to give up on that for some time and instead buy a used 4 door sedan that is dark color (black, grey) because getting an auto insurance at a young age and having a 'sport' car that is bright color would definitely increase your auto insurance premium. Therefore, the knowledge about the factors that affect auto insurance premium is what I would share with my family members or friends.

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Here is a video that shows the 5 cheapest cars to insure in Canada. The cars are Volkswagen Golf, Chevrolet Cruze, Toyota Matrix, Ford F-150 and Dodge Journey. It shows how much cheaper each car is and what specific model is the cheapest to insure. It seems like cars that have more safety features are cheaper to insure. Another thing that affects the insurance premium is the type of the car (sedan, coupe, SUV, etc.), color of the car (cars with bright color is more expensive to insure).

In my opinion, this is a great video showing what cars are cheaper to insure because it gives you an understanding of what car to buy (if you are looking to purchase a new or used vehicle), as well as to know the rate percentage.

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These are the 5 cheapest cars to insure in Canada | Driving.ca

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In this website they show a list of all the cheapest cars you could get to insure in the province of Ontario. The list goes from the lowest (cheapest) car to insure which is Nissan Micra with a premium scale of 2.2 and the highest (the most expensive) car to insure which is Mazda 3 Hatchback with a premium scale of 8.9.

Very amazing website that gives you lots of useful information such as the list of lowest cars to insure in Ontario, as well as the lowest cars to insure based on safety ratings (luxury, SUV, midsize vehicle, etc.) and also a list of the top 10 economically priced cars that are very cheap to insure. I found all these lists very useful and helpful so I would definitely recommend checking this website.

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Auto insurance rates are determined, in part, by the car, which should be factored into your decision when purchasing a new vehicle.

For example, the Chevrolet Spark is the cheapest vehicle to buy on our list with a price tag of $9,998, but it is more expensive to insure than the Nissan Micra, which retails for approximately $10,488. Moreover, the Toyota RAV4 may be Canada's top-selling vehicle presently, and the Kia Sorento ranks ninth on that top 10 list, but it costs more to insure the RAV4 than the Sorento by a wide margin. Likewise for Top Safety Pick+ vehicles. For instance, the Acura RDX may be one of the Top Safety Pick+ Midsize Luxury SUVs, but it costs significantly more to insure than the Volvo XC90.

If a particular make and model of vehicle has a higher frequency of insurance claims, say it's a  frequent target for thieves, it will cost more to insure. The same is true if that vehicle's claims costs run higher on average than other cars. Ultimately, when it comes to insurance, it's a numbers game that revolves around the likelihood of a claim and the possible payout amount.

Of course, there's more to your auto insurance rate than the car you drive. Where you live, your  insurance history, and driving record all factor significantly into your auto insurance premium as well. As a result, the vehicle that costs you the least to insure may not be the car that's the cheapest choice for your friends, family, or neighbour.

If you're planning on buying a new vehicle this year, find the car that offers you the  best rate by comparing quotes. Shop around before you make your purchase because, year-after-year, for the lifetime you own the vehicle, you'll need auto insurance and you'll want to factor this cost into your buying decision.

Case Study Methodology

We compared quotes for a fictional 30-year-old driver who is single with a clean driving record living in 13 Ontario cities. The cities include Ajax, Aurora, Kingston, Kitchener, Lindsay, London, Mississauga, Ottawa, Peterborough, Scarborough, Sudbury, Toronto and Windsor. An average of the cheapest auto insurance quote in each city for each vehicle was taken to produce the ranking. Only quotes for  Ontario car insurance  were reviewed as coverage can vary between provinces. Results may vary based on your circumstances.

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The Cheapest Cars to Insure in Ontario in 2020

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Auto insurance rates are determined, in part, by the car, which should be factored into your decision when purchasing a new vehicle. For example, the Chevrolet Spark is the cheapest vehicle to buy on our list with a price tag of $9,998, but it is more expensive to insure than the Nissan Micra, which retails for approximately $10,488.

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"What you should know before getting auto insurance in Canada?". Well, this is a great website to look at and see what major factors need to be considered when choosing/getting auto insurance in Canada. There are some tips that would help you to reduce your auto insurance premium. For example, if you add additional drivers or raise your deductibles or get a bundle (auto + home insurance), then your premium would decrease in price.

I chose this website because when getting/choosing something important, such as insurance, house, car, etc., sometimes people need some type of advice or tips that would help them choose something specific faster, or helping them come to a final decision. This website gives many tips and advices that would help someone get a cheaper auto insurance premium so they don't have to pay much monthly. I really liked how it mentions about rates in provinces where Ontario has the highest auto insurance rate and Quebec is the 'opposite' with the lowest auto insurance rate which is a very good information to keep in mind.