Car Insurance in Oshawa
Get the Best Oshawa Car Insurance Quote
As a bustling city with ever-expanding borders, having a car is a must to get around town in Oshawa. Benefitting significantly from the “Toronto effect,” Oshawa’s population has exploded over the previous decade – increasing the number of drivers by the thousands.
Moreover, Car insurance in Oshawa has changed significantly too, and at McDougall Insurance we want to make sure you get the best Oshawa car insurance quotes for the right price. We work alongside you to deliver a tailor-made Oshawa car insurance package that is based on your unique needs.
Oshawa is firmly rooted in its history in the automobile industry, especially the division of General Motors in Canada. It was founded in 1876 and originally coined the “McLaughlin Carriage Company.” General Motors of Canada’s headquarters are found in the city of Oshawa. It’s no wonder that cars are so important to the people of Oshawa! Auto insurance should be too. When your car is one of your most important assets, you want to make sure you’ve got the right coverage. Oshawa car insurance is essential to residents – and you won’t get a better quote than with us here at McDougall. McDougall is a large car insurance broker in Ontario, We even provide Oshawa car insurance quotes for free to service you better.
How can you get an Oshawa auto insurance quote? Easy – McDougall Insurance makes the process of getting an Oshawa auto insurance quote quick and simple. You only need to fill out the necessary information on our online form on this page. You’ll be contacted by one of our professional insurance brokers to advise you on the Oshawa auto insurance best suited for you and your vehicle’s protection. We will work closely with you to understand your situation and build a concrete auto insurance package based on your needs. As one of the professional insurance brokers in Oshawa, we are known for our quick response time and are particularly proud of our experienced brokers, who are always ready to help and make a difference in your life.
How to Contact a Car Insurance Broker in Oshawa
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Toll-Free: (800) 887-7309
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Oshawa Insurance Products
Auto Insurance in Oshawa: Mandatory Coverage
It’s illegal to drive without auto insurance in Ontario, and rightly so. The Ontario government has implemented regulations as a result mandating that basic auto insurance consist of several rudimentary forms of coverage, including:
- Accident benefits
Payments for medical expenses, income replacement, caregiver expenses, rehabilitation expenses, and more accident expenses for an insured driver if they’re in an accident that resulted in injury or death. If you’re need income replacement, this coverage pays for 70% of your income or up to $400 a week.
- Direct reimbursement
That coverage was mandatory until January 2024. If you’re in an accident and it’s not your fault, you get paid directly by the insurer.
- Liability for physical injury to third-party
If another person suffers injury or death in an accident you’re involved in, this coverage pays for legal fees, including money paid to settle the claim.
- Liability for property damage
If you cause damage to another person’s car or property, this coverage pays for legal fees and money to settle the claim.
- Uninsured drivers
If you’re involved in an accident with a driver without insurance or sufficient insurance, this coverage pays for medical and legal fees.
Liability coverage is intended to protect drivers from the costs that result from damages they do to others or their property in an accident. Commonly, Ontario drivers will have a limit of $1,000,000 in liability, but here at McDougall Insurance, we recommend that our clients increase that number to $2,000,000 for their Oshawa auto insurance policy. This is because lawsuits lately have increased quite a bit in costs, and doubling your liability coverage is of very little added price.
Roughly fifteen percent of drivers in Ontario do not drive with an active auto insurance policy. While that number might not seem like very much, it means that some 170,000 people are on the road driving without insurance. Thanks to advancements in police vehicle technology, this number has gone down quite a bit – but the threat is still very prevalent. A percentage of your Oshawa auto insurance premium is used to protect you and your vehicle from this threat. Get Oshawa Car Insurance Quotes Now!
Accident Benefits for Oshawa Auto Insurance
The Ontario government supplies drivers with basic medical benefits to help them out if they should be involved in a car accident. Despite this, drivers need to be conscious of the coverage options that are available to them through the purchase of supplementary coverage. Here at McDougall, we advise that drivers consider these options based on what their auto insurance companies offer for health plans and what the current needs of their family are. Basic policy limits may not be suitable for protecting drivers from every hazard on the road given the present medical, attendant care and rehabilitation portion of a general accident benefits policy. By adding these to your current Oshawa car insurance policy, gaps left by your active coverage can be remedied without a hitch.
Get a QuoteOshawa Car Insurance: Comprehensive Coverage Option
Should you be considered “at-fault” in a car accident, comprehensive coverage will protect you from having to foot the bill for your car’s physical damage repair costs. Comprehensive coverage is, however, subject to a deductible – which is the portion of the cost that you pay after submitting a claim before your insurance provider can jump in to cover the remainder. This coverage will also protect you from acts of vandalism, theft, fire, falling objects, and collisions with wildlife. Additionally, it can cover the costs of glass repairs; if you can repair the chip before it cracks, however, your insurance provider might waive your deductible. You should include this protection component in with your existing Oshawa car insurance in order to have sufficient coverage from unforeseen threats that may occur even when your vehicle is parked or stowed away for a certain period.
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Oshawa Car Insurance Collision Coverage Option
Like comprehensive coverage, collision coverage is considered to be a supplementary add-on to your current Oshawa auto insurance policy and can be purchased for a small price. This coverage option can protect you from hit-and-run situations and parking lot bumps and scrapes. Just like comprehensive coverage, collision coverage is also subject to a deductible. The standard deductible for collision coverage is $500, but most insurance providers will allow you to increase or decrease this amount based on your personal preferences.
Ontario’s No-Fault Insurance
No matter who is actually deemed “at-fault” in an accident, Ontario has something called “no-fault insurance.” Essentially this means that if there are two drivers involved in an accident, the insurance providers will only pay out for the damage done to their policyholders’ vehicle. A percentage of your Oshawa auto insurance premium is dedicated to this protection. No-fault insurance is used to make the claims process simpler for drivers.
Get a QuoteAdditional Oshawa Auto Insurance Endorsements
Here’s an insurance term that you might not know: insurance endorsements. What is an endorsement? An endorsement is basically something that can overwrite your existing policy. It can add coverage or remove it, taking priority over whatever is already written in your insurance policy. One benefit to including endorsements in your existing Oshawa auto insurance policy is that you can cover any possible gaps in your current coverage. If you aren’t sure what coverage you need, McDougall’s Oshawa auto insurance brokers are here to help you navigate your car insurance policy.
Loss of Use Endorsement
Loss of Use (referred to as OPCF20 by brokers) is an endorsement that covers you for the costs of a rental vehicle during a period when your usual vehicle is out of commission for repairs. OPCF20 is relatively inexpensive, and it certainly beats having to find your own form of transportation while your car is in the shop.
Limited Waiver of Depreciation Endorsement
Sometimes referred to as OPCF43, the Limited Waiver of Depreciation endorsement can waive depreciation on new cars that you buy and can be active for anywhere from 24 to 48 months. Should your new car be involved in a wreck only a couple of years after its purchase, you have the choice of replacing it with a brand new vehicle or receiving the exact value of your previous car for when you purchased it and not the reduced cost. This is a good addition to your current Oshawa auto insurance since it can aid you in making the most of the value that you would get in claim situations for new cars. You must, however, show your insurance company purchase proof or a bill of sale to purchase this endorsement.
Liability for Damages to Non-Owned Automobiles Endorsement
This endorsement is good for anyone who travels and makes use of rental vehicles. It can replace having to pay rental agencies insurance rates – which can be issued per day – and ultimately saves you some money. This endorsement is applicable if you drive in the United States or within Canada. There are some restrictions to this endorsement, however, so ensure that you discuss your travel plans with your insurance broker beforehand.
At McDougall Insurance, we want to help you look out for your vehicle. It’s important to you! For Oshawa residents, auto insurance should be a breeze. Get free, no-obligation Car insurance quotes in Oshawa.
How much is the average car insurance in Oshawa?
On average, the cost of car insurance in Oshawa is $1870 per year and around $155 per month. The rate differs from one individual to another.
How Insurers Calculate Auto Insurance Rates in Oshawa, Ontario
Many factors impact Oshawa car insurance rates. When calculating the premium for each individual, the insurance company uses specific metrics. None of these factors determine the car insurance rates on their own. They are all taken into consideration during calculation.
- Age: Statistically, younger drivers are more at risk of getting involved in accidents, so they pay the highest insurance premiums.
- Gender: Male drivers pay more than female drivers because they are more likely to get into accidents, statistically.
- Insurance History: Insurance companies look into your insurance history, including how many claims you’ve filed before. If you’ve filed claims before, you may get a higher insrurance rate as it means you are high-risk for he insurance company.
- Location: Some locations are more prone to accidents than others. An area with high crime rate puts your car at risk of theft and vandalism. Also, living in a busy city increases the probability of collision. Weather and claims statistics are also factors that insurance companies consider.
- Level of Coverage: The more coverage you get, the more you are protected against different types of accidents. However, that also means you get a higher insurance rate.
- Credit Score: Credit score is also taken into consideration. In many cases, an excellent credit score might get you a discount on your insurance premium. On the other hand, a poor credit score might increase the insurance rate.
- Model and make of vehicle: Some cars are more sturdy and less expensive to repair in case of an accident. In most cases, a new expensive car is more expensive to insure than a fairly old mid-range car. Expensive cars are also more likely to get stolen, which is another reason drivers pay higher premiums for them.
- Driving Record: The number of speeding tickets you have, in addition to any traffic violations, affects your car insurance premium rate. If you have a clean driving record, you are eligible for a lower car insurance premiums.
- Driving Behaviour: Drivers who commute daily pay more than drivers who use their vehicles sparingly.
- License Class: A new driver is more likely to get in an accident, as opposed to an experienced driver. That’s why a driver with a full license gets a lower car insurance rate.
Top Ten Tips for Getting Affordable Car Insurance in Oshawa
You can cut insurance costs and get cheap car insurance in Oshawa if you follow these tips.
- Compare car insurance quotes from multiple companies before you decide which to buy. That way, you might find a better deal and save money. Also, compare quotes when it’s time to renew your car insurance as you might find it’s cheaper to get car insurance from another company. On the other hand, some companies give a loyalty discount if you choose to renew your car insurance.
- Driving cautiously, following all the traffic laws will save you from potential accidents. It will also help you keep a clean record and get a lower insurance premium.
- Bundle home and auto insurance from the same car insurance company. Many insurance companies offer discounts if you bundle two insurance policies.
- Insure multiple vehicles together if your have more than one driver in your household. Putting them in one policy will save money. It is also less expensive to add your new driving child to your premium than to get them a separate policy.
- Buy a sturdy car with low repair costs if possible. Before you buy a new car, do research, and look for cars that are less expensive to insure. Ford cars are the least expensive to insure because they are sturdy. On the other hand, a Nissan might cost a bit more. Expensive cars, like BMWs and Volkswagens, are the most expensive to insure.
- If you take a defensive driving course, some companies might offer a discounted rate.
- Ask your insurers about discounts they offer and see if you’re eligible for a discount. Some companies give discounts to certain groups and organizations.
- Install winter tires to protect your car from the harsh winters in Oshawa and get cheaper insurance rates.
- Increasing your deductible is a good idea to decrease the insurance premium. However, make sure you are always prepared to pay the deductible in case an accident happens any time.
- Consider using your car less. For example, you can use public transportation or carpool to reduce the premium and save money.
Oshawa Car Insurance FAQs
The average car insurance price in Oshawa is $1,870 per year or around $155 per month. The price differs from one person to another, and these are just average estimates.
Each car insurance company has a different quoting system depending on many factors. While we can’t predict the cheapest rate in your case specifically, our team can help you get the best car insurance quotes in Oshawa from top companies.
There are many ways to get cheap car insurance in Oshawa. Having a good driving record and a high credit score helps lower your car insurance cost. Moreover, bundling car insurance with another insurance policy can also get you a discount. Looking to get cheaper car insurance rates? Contact us now!
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