Getting you on your way with the right auto insurance coverage.
For many Canadians, driving a vehicle is necessary for getting to work, school, and running errands. But on the road, there is always a chance of something going wrong, especially in less-than-stellar conditions like snow and ice. As a driver, your vehicle, other vehicles, and the people around you all need to be protected, and that’s why it is important to have auto insurance and understand how it works.
Car insurance in Canada is required by law, meaning that if you drive a vehicle, you must insure it. Your insurance coverage will protect the owner/driver, passengers, pedestrians, and any property involved in a vehicle collision.
Whether you're an everyday commuter, an occasional driver or use your car for business purposes, an Aon personal insurance broker will find you the right auto insurance coverage that fits your lifestyle. By partnering with many of Canada’s largest insurers, we provide our customers with options and value most others can’t offer. We do our best to make sure that lifestyle requirements, budget requirements and provincial requirements are always met.
It doesn’t end at cars. If you’re looking to insure a collector’s piece, antique, motorcycle or recreational, we’ve got you covered. Our extensive product offering will make sure that all of your assets will be well protected so you can concentrate on cruising the roadways.
Car Insurance Quotes – How They Are Calculated
Before seeking a car insurance quote, you should know the factors that can affect your car insurance premiums:
Your Vehicle – The make, model, and year of your vehicle helps us determine the cost and value of the vehicle, safety features, and repair costs.
How You Use Your Vehicle – If you use your car for work purposes other than commuting, you may need to get commercial car insurance with a higher liability limit. The number of kilometres you drive per year will also affect your insurance premium.
Your Driving Record – Your insurance premium could increase if you are a newer driver, have convictions due to driving infractions (including speeding tickets), or have reported any accidents.
The Coverage You Choose – If you choose additional coverage for your vehicle, the insurance premium will increase.
Where You Live – Some provinces have more expensive auto insurance premiums than others. They also tend to be higher in and around large urban areas.
Each of these factors will play into how your auto insurance quote is calculated, although each auto insurance company will weigh them differently.
Additional Vehicle Insurance Discounts
Getting you the best value doesn’t stop at choice. At Aon, we aim to get you the best possible premium for your car insurance. There are many ways you can save with additional discounts through Aon that include:
|Short commute||Age (mature driver)||Loyalty/stability|
|Hybrid vehicle||Claims Free||Monitored Tracking|
Optional Car Insurance Benefits
For further peace of mind, additional auto insurance coverages may be added that will save you time and money in the long run.
- Driving record guarantee: your premium won’t go up after your first at-fault loss.
- Loss of use coverage: stay on the road with a rental car if your car is stolen or damaged.
- Monitored driving discounts - minimum 10% savings for entering the program
Car insurance requirements vary by province, and there are many options available for automobile owners when shopping for car insurance. Understanding these options will help you make informed decisions but remember, your Aon broker is always here to help. That’s what we’re here for - even if you end up buying your auto insurance elsewhere.
Liability Insurance is mandatory auto insurance coverage that protects from damage that might be done by a driver while operating a vehicle including injury, death and property damage. It also includes coverage to protect drivers against financial losses they might suffer due to their own medical expenses, and the loss of income that they could incur if injured in an automobile accident while driving.
Collision Coverage provides financial compensation for vehicle damages that happen due to a collision or accident with another vehicle or a stationary object. Often the most expensive components of an insurance policy, it varies depending on the vehicle, driver, and other factors.
Comprehensive Coverage protects drivers against loss from events that aren’t directly related to the operation of the vehicle. These can include vandalism, theft, flying objects/debris or environmental conditions including flood and hail.
Car Insurance Eligibility
In Canada, it is mandatory to have car insurance on any vehicle that you intend to operate, no matter whether it is leased, financed, or you own it. But certain conditions need to be met to get auto insurance.
First, you and all drivers you wish to include in the policy must be a resident of Canada and have a valid driver’s license. This is the basic requirement of any auto insurance application. Beyond that, your eligibility will be based on your driving record and your vehicle.
Your driving record is the first thing Aon will look at to determine eligibility and rates, and it will be reflected in any car insurance quotes you receive. They will vary based on whether you are getting a brand-new insurance policy or want to renew your existing one. If you have past convictions on your driving record, they will drive up the rates, though these will also vary based on when the last conviction occurred and the nature of the conviction.
Lastly, Aon will look at the vehicle you wish to insure, examining the type, its use, and any customizations or modifications made. They may require you to get a vehicle inspection to ensure that it is safe to drive and insure. You may be denied insurance if your vehicle has substantial unrepaired damage or is deemed unsafe.
Car Insurance FAQs
How Can I Get Cheap Car Insurance?
Each car insurance company bases their rates on their own criteria. Instead of reaching out to dozens of car insurance companies, you might consider using an insurance brokerage like Aon. We will do the legwork for you, seeking the cheapest car insurance rates possible for your particular situation.
What is a Deductible in Car Insurance?
Car insurance deductible is the amount you must contribute when making an insurance claim. For example, if you are in an accident with $10,000 in damage, and your deductible is $500, your insurance company will pay $9,500, and you will pay $500.
Does Car Insurance Cover Rental Cars?
The short answer is it might! Some car insurance will cover rental cars, and others require a special endorsement to be added. The best thing to do is to verify with your insurance broker before planning to rent a vehicle. All vehicles in Canada require insurance, and you may find that adding a rental car endorsement to your existing policy may be more affordable than paying the car rental agency’s insurance rates.
Let Us Make Car Insurance Easier
If you have questions or aren’t sure about the solutions available to you, we can help. You can get an online quote or talk to a personal insurance broker who will provide you with the answers to your concerns.