Car Insurance

Generally speaking, you are covered while you are within Canada or the USA.
However, if you are permanently moving to a new province or the USA, you would need to switch your license and insurance over within 30 days.

The deductible is the amount that you are responsible to pay in the event of a covered comprehensive or collision loss. For example, if your deductible for collision is $500 and you have a collision claim, you will pay the first $500 of damage and your insurance company will pay anything beyond that.

The cost of car insurance in Ontario can vary depending on a variety of factors. The make and model of your car can impact how much you will pay for car insurance. Your personal driving record, such as years of driving experience, accident history, and class of driver’s licence also contributes to how much you will pay. Once all these factors are taken into consideration, one of our insurance brokers can help you find the most comprehensive car insurance coverage to ensure you’re fully covered.

Car insurance is mandatory in the province of Ontario for all car owners, lessees, and drivers. At the very least, you will need to have third-party liability coverage, statutory accident benefits coverage, direct compensation property damage (DCPD), and uninsured automobile coverage. You may also increase your coverage with additional options to increase your benefits.

Third-party liability coverage – Protects you if someone else is killed or injured, or their property is damaged. It will pay for claims as a result of lawsuits against you up to the limit of what your coverage is set to. It will also pay the costs of settling claims.

Statutory accident benefits coverage – Provides you with benefits if you’re injured in an automobile accident, regardless of who was at fault for the accident. This can include supplementary medical rehabilitation, caregiver, and non-earner and income replacement benefits.

Direct compensation property damage (DCPD) coverage – Covers damage to your vehicle or contents, and for loss of use of your vehicle or contents, if another person was at fault for the accident. Please note there are certain conditions which need to be met for this coverage to apply such as the accident taking place in Ontario, having at least one other vehicle involved, and having at least one of the other vehicles being insured by an insurance company.

Uninsured automobile coverage – Protects you and your family if you’re killed or injured by a hit-and-run driver or by an uninsured motorist. It also covers damage to your vehicle caused by an unidentified, uninsured driver.

Once your car insurance policy is selected, your monthly car insurance payments will be calculated based on several factors, such as the make and model of your car and your driving history. Now that you’re insured, you have met one of the legal obligations to drive in Ontario.

You can get car insurance by speaking to one of Regal’s experienced insurance brokers. Whether you drive a mid-sized vehicle, luxury sports car, or a classic car, our insurance brokers can help you find the most comprehensive car insurance coverage to ensure you’re fully covered.