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Auto Insurance Questions

Your Most Common Auto Insurance Questions Answered!

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Every day at isure, we help our clients navigate the world of auto insurance. Part of that includes answering all your auto insurance questions. Not only do we want to find you a great policy for the best price, we want you to fully understand your policy. It’s all part of our commitment to put you first. We don’t work for the insurance companies – we work for you. We asked you for some of your most common auto insurance questions, and today we’re going to answer them all!

Is it cheaper to bundle my auto insurance with a home insurance policy?

Yes, you will save money on auto insurance by bundling it with another policy. The amount of the discount will be dependent upon your coverage needs. Some customers may save hundreds! You could potentially save even more if you have more policies to bundle it with as well. Get a quote today and find out what you could save!

Can I get a car insurance policy today?

If you have requested a quote and found a policy you are happy with – it is possible to have that policy begin immediately. When you request a quote, one of the things you can do is set the start date of the policy. If you want to pick a future day for it to become effective – you can. This is especially useful if you currently have a policy with a different provider and don’t’ want to renew.

How much is the difference between Liability Only and Full Coverage Car Insurance?

The cost difference between Liability Only and Full Coverage car insurance can be significant. The exact number is going to be dependent on your unique details, as such, there’s no way to provide a direct answer to this question. Often, it’s upwards of 50% less to take liability only instead of full coverage. But, you should consider many factors before choosing to go the Liability Only route. These factors include the value of your car, driving history, where you drive and more.

Is there a penalty for canceling an auto insurance policy early?

In most cases, you will be required to pay a fee if you want to cancel your insurance policy early. For some insight into how much it might be, use our online Cancellation Cost Calculator.

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Do demerit points affect your auto insurance?

No, demerit points do not have any effect on your car insurance. Demerit points helps the Ministry of Transportation determine license renewals. Acquiring too many may also result in your license being suspended. But, the circumstances that you received your demerit points from will affect your car insurance. Speeding, DUI, and other driver’s tickets will negatively affect your car insurance premiums.

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What is the difference between Full and Basic Coverage?

One of the most common questions we receive is what the difference between full and basic insurance coverage is. Both are worth considering when you’re looking for car insurance.

Basic coverage generally includes no more than two aspects of car insurance. The first is liability insurance, which is required by law in Canada. Every driver on the road MUST have liability coverage at a minimum. It is illegal to not have it. The second element of basic coverage is collision coverage. Collision coverage provides protection if your car is damaged. This is especially useful if you have an expensive car or one that is expensive to repair. If you do not have collision coverage, you are responsible for your car’s repairs out of pocket.

Full coverage includes both liability and collision coverage, for starters. It also includes coverage for things like vandalism and falling objects. You can also find flood, earthquake, fires, and hail as part of the coverage. Many drivers do not opt for full coverage if cost is a major consideration. But, while it is more expensive than basic coverage, it can provide you with peace of mind that no matter what happens, your car will be covered. Also, depending on where you live in Ontario, this type of coverage could be a better investment.

Why does isure need my driver’s license number?

Car insurance can only be sold to people with a valid driver’s license. In fact, because your auto insurance quote is tied to your driver’s license, you will need it to request a quote. You can rest assured that isure takes great care in protecting the data of our customers. Thus, using our online quoting system to get your car insurance quote is safe and secure.

What car is the cheapest to insure in Ontario?

The cars that are cheapest to insure in Ontario are often the best-selling and safest vehicles on the road. The cheapest cars to insure in Ontario include the following ten vehicles (not necessarily in this order):

  • Ford Fusion
  • Volkswagen Jetta
  • Toyota Camry
  • Mazda Mazda3
  • Honda Civic
  • Hyundai Accent
  • Volkswagen Golf
  • Chevrolet Cruze
  • Hyundai Elantra
  • Toyota Carolla

What makes them so cheap to insure is a variety of factors. For example, many of the cars that are cheapest to insure are also some of the best-selling vehicles. Last year, some of the best-selling vehicles in Canada included the Honda Civic, Volkswagen Jetta and Golf, Hyundai Elantra and Accent, Mazda Mazda3 and the Toyota Camry. These cars are cheap to buy and cheap to repair, especially due to the availability of parts. As such, these make these vehicles significantly cheaper to insure.

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