All the coverage options in Ontario can seem overwhelming! The following questions can help you choose the right car insurance coverage for you:
Is your car used or new?
The type of insurance you need for a brand-new car might be different compared with a used car. For example, if you have an old car, you might not want to pay for collision and upset coverage if the car's value is low — especially with the deductible you would have to pay. Or, if you just got a new car, you might want to get replacement cost protection coverage so that you can be assured you’ll get a brand-new car with similar specifications in your car is stolen or damaged beyond repair.
What kind of risks will you encounter driving in Ontario?
Consider your lifestyle and driving habits to evaluate the kind of risks you want coverage for. Do you live in a city in Ontario that has a busy night life? You might sleep better at night knowing your car is protected for broken glass and vandalism as well as theft. Or, if you do a lot of highway driving, you might want to have roadside assistance coverage.
What’s your lifestyle like?
You know best what your lifestyle is like, and what you might need in case of an accident or other insurance claim. For example, would it be a big inconvenience if your car was stuck at the mechanic being repaired after an accident? Then you probably want to get reimbursement for a rental car after an accident. Do you like to drive on holiday? Then you might want rental car coverage. Would having to pay a deductible after a big accident cause you a lot of stress? Then you might want to get coverage with no out-of-pocket deductible after a hit and run or if your car is a total loss.