Ontario Car Insurance

Every car owner knows that it is very important to have car insurance. Having car insurance is also one of the requirements in registering any vehicle. Ontario is one of the provinces in Canada where people pay costly car insurance. This is basically because Ontario is the biggest province in Canada which also has many big cities. The probability of a car accident is very high because there are more residents here.

Minimum car insurance

Every car owner in Ontario is required by law to purchase minimum car insurance. This type of insurance has third-party liability coverage amounting to a maximum of $200,000 for a legal settlement against you and additional $10,000 for property damage. Coverage for medical benefits includes a maximum of $100,000 per person and $1 million for catastrophic injury. Attendant care or caregiver benefits include a maximum of $72,000 or $1 million for catastrophic injury. Disability income benefits amount to 80% of the net income to a maximum of $400 per week for 104 weeks. Death benefits include at least $65,360 to be received by your spouse. And each dependent offspring will receive $13,072. Funeral costs amounting to $7,843 are also covered.

Optional car insurance

On top of the minimum car insurance, many Ontarians can purchase optional car insurance. This type of car insurance has additional benefits that are not covered by the minimum car insurance. Based on the needs of the car owner, he or she can buy optional car insurance that can increase his or her third-party liability coverage or include coverage in cases of theft, vandalism, collision, and others.