Home > Help Centre > Blog One way insurance is one of the many terms you hear when referring to auto insurance options. If you are looking to save money with basic protection, this may be an option for you to consider. One way or another (pun intended), you will need proper insurance to drive. Here is what you need to know about one way insurance. One way insurance is a basic type of auto insurance in Ontario and other parts of Canada. It includes limited coverage for liability. It does not offer protection for any damage caused to your vehicle. Only damage you cause to others will be covered. This increases your risk level and means you’ll have to pay out of pocket for repairs to your vehicle. The main difference is the amount included in your policy. One way insurance only includes third-party liability and will not provide coverage for damages to your vehicle. A two way policy provides a broader range of coverage, including collision, theft, fire, or hail. If you are looking to save money or are insuring a car that has a low value, it can be beneficial. Older vehicles commonly have a minimal one way policy. If you think your vehicle will cost less to replace than repair, you may not need additional protection. Someone may also consider basic policies if they work on cars and know how to fix them. The most significant debate between one and two way is if the risk outweighs the reward of saving money on your premium. Let's take a closer look at the pros and cons. Basic plans can be up to 50% less; however, it depends on the type of vehicle you are driving. The more valuable your car is, the more you can save. However, if you have any damages from an accident, you will not have coverage on your policy to help with your repairs. Contact us to learn more on how it can effect your car insurance rates.
A one way policy will cover any damages, repairs, or replacements to the other driver's vehicle.
One way insurance will still cover damages to your vehicle if the accident is not your fault. However, the other driver will need to have an active policy. If they don’t, you may need to take other actions to recuperate costs.
Yes. The liability portions of a basic policy will cover the judgment against you, up to the limit stated in your policy.
Although one way policies meet the minimum requirements for auto insurance in Ontario, two way policies can offer more thorough protection. Is One Way Insurance Enough?
Feb 23, 2022
What Drivers Need To Know About One Way Insurance
What Is One Way Insurance?
What Is The Difference Between One Way And Two Way Insurance?
One Way Insurance
Two Way Insurance
Who Should Consider One Way Insurance?
Pros And Cons To One Way Insurance
Pros To One Way Insurance
Cons To One Way Insurance
One Way Insurance FAQs
You May Not Have Enough Protection With One Way Insurance
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