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Specified perils, also called named perils, is an optional type of car insurance coverage that protects your vehicle against damage or loss from the specific risks listed in your policy. It sits above the mandatory coverage included in your policy, and you only have protection for the perils that are named. If a peril is not listed, it is not covered.
It is an alternative to all perils coverage, and it lets you personalize your protection to fit your driving needs and budget. Named perils commonly include risks such as fire, theft, and weather damage, though the exact list varies by insurer. When you choose this coverage, make sure you are clear about which perils are included before you buy.
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Specified perils coverage gives you options for many different risks, and your level of protection depends on the perils you choose and the solutions your insurer offers. Speak with your insurer to be clear about what is included before choosing.
A named peril can cover a variety of threats and risks. Here are some examples of what you can include with your Ontario auto insurance:
Specified perils is often confused with comprehensive and all perils coverage. The difference comes down to how much each one protects against. Specified perils only covers the risks named in your policy, and it does not cover vandalism or damage from falling objects. Comprehensive covers a broader range of non-collision risks, including vandalism and falling objects. All perils is the broadest option, combining collision and comprehensive protection.
| Coverage type | What it protects against | Notes |
|---|---|---|
| Specified (named) perils | Only the risks listed in your policy, such as fire, theft, and weather | Does not cover vandalism or falling objects; usually the most affordable option. |
| Comprehensive | All non-collision risks except those excluded, including vandalism and falling objects | Broader protection; often required by lenders. |
| All perils | Collision and comprehensive risks combined | Broadest coverage; typically the most expensive. |
If you want the lowest-cost way to add protection for a few specific risks, specified perils may be the right fit. If you want broader protection, comprehensive insurance covers more.
Specified perils coverage is optional in Ontario, so whether it makes sense depends on your situation. It can be a good fit if you want extra protection at an affordable rate without paying for full comprehensive coverage. Consider these points:
Our advisors can help you compare specified perils against your other options and choose the coverage that fits your needs.
Find the lowest rates for specified perils coverage in just a couple of minutes. Compare rates from the top Ontario providers online or speak with a licensed ThinkInsure broker to save on your auto coverage.
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All risk, or all perils, policies cover every peril unless it is explicitly excluded. Named perils only cover the perils listed in your policy. See our all perils coverage page to compare.
Yes. The main difference is what each policy covers. Specified perils will not cover vandalism or damage from falling objects. Otherwise, they offer similar protection, and comprehensive offers the broader coverage of the two.
Specified perils coverage is optional in Ontario. Many drivers choose it to add extra protection for risks not included in their standard policy. However, if you lease or finance a vehicle, you may need to upgrade to comprehensive insurance to meet the terms of your agreement.
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Our RIBO licensed advisors can help you decide whether specified perils coverage is right for your vehicle and budget, and find you the best rate. Get non-biased advice on adding named perils to your Ontario auto policy.
Our advisors help you choose which perils to include based on your risks, your budget, and where you drive, so you only pay for the protection you need.
We instantly compare auto insurance quotes for specified perils coverage from our large selection of providers to find you the lowest price.
Choose the provider that offers the best named perils coverage and rate for your needs. We often can get you insured with a new automobile policy on the same day.
Call us if you have questions about which perils to include, or whether specified perils or comprehensive is the better fit. We often can get you insured the same day.
Make a list of the risks you actually want covered, such as theft, fire, or weather, then compare specified perils against comprehensive. If you only need a few risks covered, named perils can lower your premium. If you lease or finance, your lender will usually require comprehensive instead.
Wasim Khan
Insurance Broker (RIBO)
Monday-Friday: 8am-6pm
The information on this page is for general guidance about specified perils car insurance in Ontario. The perils available and the terms of coverage vary by insurer and policy. For regulatory details on Ontario auto insurance, see the Financial Services Regulatory Authority of Ontario (FSRA). Speak with a ThinkInsure RIBO licensed advisor to confirm what applies to your policy.
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Nolan is a content marketing manager and writer at ThinkInsure. He has 15+ years of experience in the insurance industry, working with brokerages and direct insurers to create compelling insurance content, specializing in auto, home, and commercial.
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