Car insurance in Oakville is required by Canadian law. Here are the basic types of coverage:

• Liability - Liability insurance pays for the other driver’s expenses if you cause an accident. It covers property damage of the vehicle and physical injuries of the driver and passengers. In Ontario, the minimum coverage is $200,000, but you can increase your limit. Liability insurance will also cover death benefits and funeral expense benefits.
• Collision coverage - collision insurance offers compensation for damages to your car due to an accident with another vehicle or a stationary object. It helps you fix your car. Some lenders will require collision insurance if you have a loan on your vehicle.
• Comprehensive coverage - this type of insurance covers your vehicle against damage that occurs when you’re not operating your vehicle. If your vehicle is damaged in a hailstorm or by vandalism, this type of insurance pays to fix your car. Comprehensive insurance often goes hand-in-hand with collision coverage for peace of mind.
• Uninsured auto coverage - insurance for you and your family in case you’re in an accident involving an uninsured driver or the driver flees the scene and cannot be identified.

The cost of your insurance coverage depends on the types of insurance you need, plus several other factors, such as your driving experience and history, age, gender and location. If you need to lower your premium to make auto insurance more affordable, you should look at what you can change and reach out HUB for the best car insurance Oakville has to offer.

At HUB we believe in Advocacy, Tailored Solutions, & Peace. At HUB we believe in Advocacy, Tailored Solutions, & Peace of Mind. Get a personalized, affordable online car insurance quote now and speak to a broker about your options!

If you’re finding that the cost of your auto insurance is going up, you’re not alone. The Star reports that insurance rates are on the rise due to auto insurance fraud. You can control some of the costs of your insurance by driving safe and having a collision-free driving record. You may want to exclude high-risk drivers from your policy to reduce being penalized in your premiums.

Car insurance is also based on how much you drive. Using public transportation to get to work can reduce your reliance on your vehicle, possibly reducing your overall insurance rates. If you have an older car, you could consider dropping collision and comprehensive coverage.

Ask your insurance broker about discounts available for your policy. You may be able to reduce your premium by installing an anti-theft device on your car. Some cars have lower-cost insurance ratings, because the vehicles might have high crash-test scores or low-theft ratings.

The Insurance Bureau of Canada also recommends considering a telematics device. You install a device on your car that monitors your driving habits, such as the distance you drive and when you’re on the road. As you exhibit better driving habits, you may be able to reduce your premiums.