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All licensed drivers who own a registered vehicle should know that it is required to have auto insurance. In Ontario, it is illegal to drive a vehicle without being insured and is considered to be a very serious offence under Canadian law. Driving without car insurance in Ontario is punishable by fines starting from $5,000.00 to $50,000.00, a suspended license and having your vehicle impounded; therefore it is mandatory to have.

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 in the GTA, 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.

At Oracle RMS, we are here to help inform our customers and clients through every step of the way and after they’ve purchased their policy plan. All customers and clients will be personally assigned to an Oracle licensed broker who’s determined to service their wants and needs for auto insurance through our connections with an extensive list of insurance companies. Oracle RMS will deliver the following auto insurance services below:

A customized car insurance policy that happily work for our customers and their budget instead of a generic policy
An appropriate solution for the best coverage and rate of all types of driving histories
Insuring more than one vehicle and all types of vehicles, whether new or old, to their policy
Friendly and effective customer service from our dedicated and attentive brokers and service representatives
Ensuring our clients have peace of mind through every step of the process: quotes, renewals and claims

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Should you have any further questions regarding your insurance quote for Toronto or surrounding areas, please feel free to contact us and one of our representatives will gladly assist you.