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Everything You Want to Know about Auto Insurance in Toronto

  • Ontario requires all drivers to carry auto insurance policies on their vehicles. The idea behind auto insurance is that it protects you financially if you are ever involved in an accident. 

    Unfortunately, dealing with the insurance company after an accident is often far more challenging than it should be. Read on to learn more about what the minimum auto insurance requirements are in Toronto and the steps you should take when filing a car accident claim. 

    Ontario Auto Insurance Requirements

    Ontario drivers are obligated under the law to ensure that their vehicles are properly insured before heading out on the roads. There are four main types of auto insurance minimums you must meet if you will be driving in Ontario. They include:

    • Statutory Accident Benefits Coverage – This provides you with compensation and other benefits for very specific damages, without regard to who is at fault for the accident.
    • Uninsured Automobile Coverage – If you are struck by a driver without auto insurance, carrying uninsured automobile coverage ensures that these damages are still covered by your own policy.
    • Third-Party Liability Coverage – This type of coverage extends to both property and physical injuries. You must carry a minimum of $200,000 in this type of coverage.
    • Direct Compensation and Property Damage Coverage (DCPDC) – DCPDC provides coverage to your own property damage and vehicle damage if you are involved in an accident and another party is to blame.

    How Filing a Toronto Insurance Claim Works

    Ontario is a no-fault accident province, which means that when you are involved in a collision in Toronto, you will file a claim with your own insurance company as opposed to that of the liable party. Your own insurer will then be responsible for providing you with certain benefits and compensation as laid out in your Ontario car insurance policy.

    It is important to note that filing a claim against your own auto insurance policy doesn’t mean the claims process will be any easier. It is unlikely that the insurer is going to be willing to settle your lawsuit without attempting to minimize it first. 

    After you file your claim, the insurance company is likely going to go over it very carefully to see where they might be able to get away with reducing a portion of your injury settlement. Some insurance adjusters even go so far as to manipulate your words to make it seem as though your portion of contributory negligence is greater than it actually may be. 

    Thankfully, your lawyer should be prepared to handle these negotiations, will not be afraid to push back against the insurer, and will work to ensure that you are not taken advantage of. 

    Contact a Car Accident Lawyer in Toronto

    When you want to take extra steps to protect yourself from being taken advantage of in your time of need, contact a regarded Toronto car accident lawyer at Jasmine Daya & Co. We can handle the insurer on your behalf so that your injury settlement is not reduced without just cause. Give our office a call at 416-967-9100 or find us online when you are ready to schedule your free claim review.