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Auto Insurance in London

The City of London has a total population of 383,822 residents. Located in southwestern Ontario, the City of London is the halfway point between Toronto and Detroit, Michigan. Since many Ontario residents like to take a road trip down to our neighbours across the border, they find themselves often stopping over in the City of London. This means that the more tourists daily, the more vehicles driving around in London.

If you reside in London, ON and own a registered vehicle, it is important to have auto insurance. Driving without car insurance is a very serious offence; you can be fined for a first conviction of a minimum of $5,000.

In London, when you purchase Auto Insurance with Oracle RMS, you are insuring your vehicle, all listed drivers, and any loss or damages resulting from a car accident.

By partnering with Oracle RMS, we provide excellent customer service and work hard to get you some of the lowest auto insurance rates in London that best suit your unique needs. We are proud to be partnered with a wide range of insurance companies who can provide a variety of auto insurance quotes for all London residents.

At Oracle RMS, you will work along with one of our licensed brokers to help guide you through the quoting process. They will make sure you understand all the insurance jargon and information up to the last detail of your auto policy before you’ve made the final decision.

Auto insurance will protect and provide coverage for your vehicle(s), all listed drivers and any loss or damages. In Ontario, it is required to include and purchase the following automobile insurance coverage below:

 

> Third Party Liability Coverage: This section of a car insurance policy will provide coverage to protect the insured if a third-party has been injured or have succumbed to their injuries, or their property is damaged. It will compensate for claims in the event of a lawsuit against the insured up to the limit of their coverage. It will also compensate for the cost of settling a claim.

>Statutory Accident Benefits Coverage: This will provide the insured with benefits if they are injured in an auto accident, regardless of who caused the accident. This includes medical, rehabilitation and attendant care benefits and income replacement benefits.

>Direct Compensation – Property Damage (DC-PD) Coverage: This section of a car insurance policy covers damage to the insured’s vehicle and its contents and for loss of use of their vehicle or its contents in the case of an accident, for which the insured was not responsible for. Since it was another individual who caused damage, the insured will collect direct compensation from their insurer.

>Uninsured Automobile Coverage: This coverage will protect the insured and their family, should they be injured or killed by a hit-and-run driver or by an uninsured motorist. It will also provide coverage to the insured’s vehicle caused by an identified uninsured driver.

 

Whether customers are shopping for car insurance, are informed about their upcoming auto policy renewal or are looking to save money on their current policy, overall, it is important to be informed about auto insurance and how a policy works.

Driving Statistics in London

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In the City of London, there are a total of 129,435 drivers on the roads. 67,700 of those London drivers are male, while the remaining 61,735 of London drivers are female. In addition, there are a total of 12,590 London passengers who are carpooling every day with other drivers.

With public transportation, there are a total of 15,825 riders, while 10,230 residents would prefer to walk to their destination, leaving 2,115 residents to ride their bike. Meanwhile, 1,595 London residents have found other methods of transportation.

Majority of commuters in London leave their homes from 7:00 AM to 7:59 AM. These commuters believe it’s enough time to get to work within that time; however, that would also mean the roads would be much busier. The second busiest time for commuters to leave their homes to head to work is from 8:00 AM to 8:59 AM, which is 23.08%, while 31,865 commuters still prefer to leave earlier at 6:00 AM to 6:59 AM.

Driving Facts in London

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The total number of traffic collisions, recorded in the City of London, has declined over the years between 2008 to 2011 from about 8,400 to less than 7,500 collisions.

According to London Police, traffic collision records show that the 16-24 age group is responsible for more collisions than any other age group.

The 10 High Collision Locations for the City of London

  1. Wellington and Exeter
  2. Wellington and Commissioners
  3. Highbury and Oxford
  4. Wharncliffe and Oxford
  5. Adelaide and Oxford
  6. Highbury and Hamilton
  7. Oxford and Wonderland
  8. Fanshawe Park and Adelaide
  9. Highbury and Huron
  10. Oxford and Richmond