Mar 20, 2019

Learn About Car Insurance Policies

Car Insurance Policy

A car insurance policy is something you need to drive. All drivers have them, but how much do you know about your car insurance policy? In this blog, we’ll answer some of the most commonly asked questions about car insurance policies.

Auto Insurance Policy Type And Coverage

We know you have a lot of questions about your auto insurance policy. Here are some of the top questions we get asked about car insurance policy types and coverage :

What Are The Different Types of Auto Insurance Policies?

You can get auto insurance policies specifically for :

  • Cars
  • Classic cars
  • Motorcycles
  • Recreational vehicles (RVs), ATVs, snowmobiles, boats, PWC
  • Seasonal vehicles
  • High risk drivers
  • Uber drivers
  • Multiple vehicles

What Is In A Basic Auto Insurance Policy?

A basic auto insurance policy includes the minimum amount of coverage – the mandatory amount of coverage you need to drive legally. In Ontario, you are requoted to have a minimum of $200,000 in third party liability coverage. Basic auto insurance policies also include accident benefits.

What Is Covered In A Comprehensive Auto Insurance Policy?

Comprehensive auto insurance is optional coverage that protects you against damages that is NOT a result of a crash. It covers vandalism, theft, fires, weather events, falling objects, damage caused by animals, and civil disturbances.

Collision and comprehensive coverage are optional coverage options. This coverage can be added to your policy for an additional cost.

When Do I Need A Business Car Insurance Policy?

Using your vehicle for business changes your car insurance policy needs. Standard auto insurance policies do not provide coverage for when you use your vehicle for business purposes. You need a business car insurance policy if you regularly use your car for work. Depending on your insurer, you may be able to add a business use policy endorsement.

Learn more about commercial vs personal car insurance.

What Are Car Insurance Policy Limits?

Car Insurance Policy Limits

All car insurance policies are subject to policy limits. Car insurance policy limits are the maximum amount of financial compensation you could receive if you file a claim. Policy limits vary based on the different types of coverage included in your policy.

Your policy will have limits for third party liability coverage, accident benefits, and property damage - DCPD. Your policy coverage limits can vary and be increased or decreased when choosing your car insurance policy coverage.

Can A Teenager Get Their Own Car Insurance Policy?

Yes. A teenage driver can get their own car insurance policy as long as they have a G2 driver’s license. With high auto insurance costs for young drivers, it’s recommended for teen drivers to consider getting added on a parent’s insurance policy as an occasional driver. Compare your options to get the best rates.

What Does Medical Coverage On An Auto Insurance Policy Cover?

Medical coverage on your insurance policy will help pay for medical expenses for the driver and passengers in the vehicle at the time of an accident. Medical coverage is subject to your policy limits.

How To Change Your Car Insurance Policy

How To Change Your Car Insurance Policy

Is it time to make some changes to your car insurance policy? Here are some common questions we get about this topic :

Can I Add My Friends Car To My Insurance Policy?

Yes, it’s possible. You can add a friends car to your insurance policy. You will need to tell your insurer you are not the owner of the vehicle. Speak with your insurer about your options.

Can You Change The Policy Holder On Car Insurance?

Yes. You may be able to change the main policy holder on your policy to another driver who is already listed as an occasional driver. You can switch the primary and occasional driver roles if your driving situation changes. This commonly happens with married couples.

Can I Add A Second Car To My Insurance Policy?

Yes. Adding another car to your Insurance policy is simple. You can add a second vehicle to your insurance policy at any time. Combining vehicles in a single policy will qualify you for a multi vehicle car insurance discount.

Can I Add Someone Else To My Car Insurance Policy?

Yes. You can add occasional drivers to your insurance policy. Anyone that uses your vehicle regularly should be added to your policy as a secondary driver.

Can You Add Anyone to Your Car Insurance Policy?

Yes. You can add any licensed driver to your policy. You can add friends, family members, partners, roommates and anyone else that drives your vehicle. When adding someone to your policy make sure they have a clean record. Compare quotes when adding new drivers to your policy to see your options.

Can I Change The Car On My Insurance Policy?

Yes. You can change the vehicle in your policy. It happens frequently when drivers get a new car. If you plan to transfer your vehicle mid policy, your rates will be adjusted to reflect the insurance costs of the new vehicle being added. Your rates could increase or decrease depending on the vehicle type.

Can I Insure Two Cars On One Policy?

Yes. You can have two vehicle listed on your insurance policy. Adding two vehicles onto one policy, rather than having two separate policies, can save you money.

How Many Cars Can You Have On Your Insurance Policy?

The total number of vehicles you can have listed on a single insurance policy will depend on the insurance company. Contact your insurer for more information.

Can You Switch Car Insurance Mid Policy?

Yes. You can switch or cancel your car insurance mid policy. You will need to provide proper notice. A cancellation fee may apply.

Car Insurance Policy Use

Once you have a car insurance policy, it’s important you know how to use it and understand it. Here are some common questions about auto insurance policy use :

Can You Borrow A Car Insurance Policy?

When you borrow a vehicle, you are also borrowing the car insurance policy attached to that vehicle. Car insurance follows the car, not the driver. If you lend your vehicle to a friend and they have an accident, the claim will be filed under your policy.

Where Can I Find My Car Insurance Policy?

Auto Insurance Policy

Your car insurance policy can be located in a number of places. Depending on your insurer, you may have been mailed a paper copy of your policy. You may have also been emailed a digital copy or you can access it via your insurer’s customer self-serve portal or app.

What Is Included In My Car Insurance Policy Document?

Your car insurance policy document will outline all of the important information about your policy. It will include your policy number, the vehicle(s) covered by the policy, the drivers listed on the policy, your insurance premiums and payment schedule, and it outlines your coverage details.

How To Check My Insurance Policy Number

People often have questions about their insurance policy number. Here are common questions :

How Many Numbers Are In A Car Insurance Policy Number?

Most insurance policy numbers are 9 or 10 digits. The number of digital used can vary by insurer.

What Is My Car Insurance Policy Number?

Your car insurance policy number is used to reference your specific auto insurance coverage. You will need your policy number if you are involved in an accident, need to file a claim or are required to show proof of insurance.

Where Can I Find My Car Insurance Policy Number?

Your car insurance policy number is located on the insurance card provided by your insurer. It is also located on your policy. You may be able to access your policy number through your insurers online service portal. If you cannot locate your policy number, contact your insurer.

Is My Policy Active? How To Check Car Insurance Policy Status

You can check your car insurance policy status by referring to the policy period dates found on your policy. You can also contact your insurer to check the status of your policy.

How To Buy A Car Insurance Policy

Compare Car Insurance Policy Quotes

There are a number of ways you can buy a car insurance policy. The first is directly through an insurance company. The best effective method is to use a car insurance broker to compare coverage options. Brokers can help you compare quotes from multi insurers. The advantage is you can find the cheapest rates and get the best rates.

Here Are Some Other Helpful Insurance Articles

Car Accident Reporting And What Do After You've Been In An Accident
A Guide to the Ontario Graduated Driver's Licensing System
The Total Cost To Own And Drive A New Car
Top 45 Car Insurance Savings Tips
Cheap Car Insurance Toronto
How Are Ontario Car Insurance Rates Determined?

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