High Risk Insurance Ontario

Wondering about high risk insurance Ontario? Or are you looking for it?

If you are wondering about it, but don't need it, great! Keep it that way. If you are looking for it then very likely your current insurer canceled or non renewed your policy and it seems that no one else wants your business.

By: Kanetix Car Insurance

Why is high risk car insurance necessary?

Insurers have different categories of risk. Those offering the lowest rates look to insure people that are less likely to have a claim, based on statistics. Canadian insurers find that people with no tickets, lots of drving experience, no claims, and no payment problems, are the least likely to have claims.

As a person gets more tickets or more claims the perceived risk goes up.

Eventually the risk threshold for the insurers goes to the point where only high risk automobile insurance companies are willing to offer coverage. These days, the threshold is easy to cross. A few tickets, claims problems or simply not having prior experience and coverage can land you in the high risk category.

This means a dramatic rise in rates!

If this is happening to you, it is important to consciously improve your record over time. And it really pays to shop around. All drivers, high risk and low risk, can do that here:

Save time & money with auto insurance quotes at Kanetix.ca

Confused about auto insurance in Canada? Visit Ontario Auto Insurance Questions to ask a question about this or anything else about auto insurance.

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

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