Archive for the 'Ontario' Category
Two Ontario drivers reported aches and pains after their big Ford Econoline vans were struck from behind as they sat at stoplights, weeks and kilometers apart. The incidents were very similar. Both resulted in minor damage to the rear of the van; they involved the same kind of vehicle, same mandatory plan of auto insurance, and drivers one year apart in age.
When it comes to buying auto insurance in Ontario, brokers, agents, or direct writers will be the people you will be dealing with in this province. They are the only people from whom you can buy protection for your vehicle here. While brokers sell auto insurance for more than one company and will give you rate quotes from all the companies they represent, agents sell auto insurance for just one company. Meanwhile, direct writers are those companies that choose to use a call center to reach consumers directly, instead of going through agents.
When it comes to car insurance, it is hard to miss the following phrase in the media today — “car insurance rate approval.” No doubt you’ve heard about this, but what does it mean, exactly, and what’s car insurance rate approval all about? And, more importantly, how does it impact your auto insurance?
Auto insurance cost in Ontario averages about $1278 per vehicle according to the recent industry information.
“If you have a nice clean driving record and you are being offered car insurance at an extremely reduced price, you are probably dealing with a car insurance scammer,” says Mark Yakabuski, Vice-President, Federal Affairs and Ontario, Insurance Bureau of Canada. Ask questions and get a number of price quotations. A low-ball price likely is not the deal it is cracked up to be. And, it will not seem like such a deal if you find out later that you have no car insurance coverage.
With bills to pay and the economy crisis keeping you up at night, you have probably been think of thousands of ways to cut down on your monthly expenses. You may even be contemplating terminating your auto insurance policy, wondering what will happen if you do not have auto insurance…
Scam activity happens in all kind of business and auto insurance industry is no exception. The Insurance Institute of Canada study shows that 10 to 15% of insurance claims in Canada are fraudulent and the latest insurance scam in Ontario involves the sale of fraudulent auto insurance policies to unsuspecting drivers.