Lapsed insurance cause I canceled for financial reasons help

by Angie
(Ontario Canada)

I canceled my insurance back in Aug of this year afer being with the company for 4 and 1/2 years with no issues. I have never had anything on my record or made a claim on my insurance. anyway I canceled it because i ran into finacial dificulties and thought my vehicle was being reposessed due to conversations with the finance company.. Now Nov. I have found out my vehicle will not be reposessed and with money being better now, I want to put this vehicle back on the road. The company has now told me that my insurance will be 200 dollers more a month because "i could have been driving with out insurance" which I have not been doing. Vehicle has been park since a week before I canceled the insurance.


Anyway from what I have read about the laws they cant use this as part of there rating system for my insurance does anyone know anything. I am in Ontario by the way.

Lapsed Coverage


A lapse in coverage of less than a year is not supposed to affect your rates. But if you were cancelled for non-payment that will affect your rates. Please be sure to discuss this further with a licensed insurance representative. Check rates here:

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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

Please Read

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