Car Insurance for High Risk Drivers in Ontario:
1. Time Consuming – Many people are not sure where to get high risk auto insurance or who to ask for help. Think of the times you completed an online car insurance quote, only to be asked the same questions over again when calling to confirm your quoted price. Many times the quote you submit online won’t match the confirmed quote by the actual Insurance Broker or Agent
2. Industry Confusion – People that are new to driving and auto insurance do not know the difference between an Insurance Broker vs Insurance Company vs Insurance Agent. The statistic is over 50% of people do NOT know the difference! Not knowing the difference could cost you more, way more! This is especially obvious in drivers who have no experience with an Insurance Broker and have always been insured through a Direct Writer like TD, RBC, Sonnet Insurance or Desjardins Insurance Companies.
3. All Licensed Drivers in Ontario are Entitled to Car Insurance – what this means for you is that you can’t be turned down for auto insurance unless you do not meet an Insurance Company’s Underwriting guidelines. If you don’t meet the risk criteria of ALL the Non-Standard (High Risk) then the Facility Association of Ontario is the last resort. This is the LAW! The unfortunate thing is that you will never be guaranteed the lowest price if you don’t shop around.
How to Shop for the Cheapest and Best High Risk Auto Insurance
Insurance Brokers use a centralized database to produce prices and quotes, but if they don’t have a business relationship or a contract to do business with that Insurance company they can’t offer that price to you! Therefore the “cheapest” quote is relative to the Insurance companies the Insurance Brokerage represent.
This means that the “cheapest” quote isn’t going to come from every Insurance Brokerage, but only the Brokerage that is authorized to do business with THAT particular Auto Insurance company.
So when an Insurance Broker says “that’s the cheapest quote” they usually refer to the cheapest price for the companies they represent! That’s why it’s important to shop around and exhaust every channel to get the cheapest and best coverage in a high risk car insurance policy.
Finding the cheapest price with comparable car insurance coverage involves shopping around, and getting quotes from ALL High Risk Car Insurance Providers.