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View Full Version : Can anyone recommend car insurance in Ontario?



Tjalfe
10th June 2003, 12:33
I was wondering if anyone here in Ontario, Canada can recommend a good car insurance company.
last year I paid $1300 for a year, this year it was quoted at $2175
only difference was that I moved south 5KM to woodbridge ( and I got one speeding ticket at 15KM over, which I doubt will do much)
The car is a 2001 Chevrolet Impala.

Any help is appreciated ! :)

gt40
10th June 2003, 14:24
State Farm
I'm paying 2000 for 3 vehicles, including a Navigator (2 drivers)
Also helps being out of the GTA
Woodbridge probably puts a flag up. :(

Tjalfe
10th June 2003, 14:37
THanks.. I will try calling them tomorrow.
Yes.. Woodbridge was a bad choice to move to. It is apparently the highest claim area in Ontario :( ( Damn kids in their souped up civics! )

agallag
10th June 2003, 17:53
My broker is pretty good. Saved me a bunch of money. The company is called Sinclair-Cockburn, and they deal with several insurance companies. Give Mala a call at (416) 494-7700 x341, and tell her you were recommended to her by Andrew Gallagher. I'm currently paying about $1500/year on a '98 Accord, with 12 years experience and a flawless record. Not great, but pretty good compared to some people I know.

Chrono_Wanderer
10th June 2003, 19:12
I don't drive yet, but my parents do. They also go with State Farm. I believe they pay ~2000 for the Lexus RX300 and ~1600 for the ES300.

BTW: How come there are so many car threads lately? :p

Tjalfe
10th June 2003, 19:34
Thanks for your input. I will call state Farm and Mala tomorrow.. I hope they can do better than what I have now ( Pilot Insurance )

How much deductable is it normal to have on car insurance?.. it appears that if you up it, you lower your premium.. not sure if it pays off though ...

agallag
10th June 2003, 21:22
I think the minimum deductible these days is $300, which is what mine is at. $1000 is fairly standard if you want to keep your rates low.

GT98
11th June 2003, 06:33
Thank god you don't live in New Jersey. I pay $2200 USD a year on my Focus with a perfect driving record. I have a friend who is orginally from NYC and put his one car in storage for a year with out insurance and is moving to Jersey now and got quoted for $10,000 to insure two cars...hes 40 something with a perfect record.

GuchiGuh
11th June 2003, 06:58
@Chrono_Wanderer : Sorry I am a car freek, I addicted all of you :D

Byock
11th June 2003, 13:52
Originally posted by GT98
Thank god you don't live in New Jersey. I pay $2200 USD a year on my Focus with a perfect driving record. I have a friend who is orginally from NYC and put his one car in storage for a year with out insurance and is moving to Jersey now and got quoted for $10,000 to insure two cars...hes 40 something with a perfect record.


:o That is just not right! I pay $700 a year, full coverage on a 2002 Explorer 4X4. $500 deductible.

The Rock
11th June 2003, 19:40
@tjalfe: have you tried a broker? They got me a fair deal (~$1550/year for my 2002 BMW 320i). And it was my first purchased car so I expected to pay a lot more.

Tjalfe
11th June 2003, 20:07
I called a few places today, but not much luck yet, they were going to call me back with a quote. Currently I am with a broker who hooked me up with Pilot insurance.. I was impressed when I paid ~$1400 the first year when I bought my first brand new car.. the following year ( last year ) it went down $100, now this year it is up ~$900.
There was a flyer with the bill explaining the rising insurance cost, blaming rising cost of replacing cars, the ice storm of 1999, misc. thunder storms last year and the twin tower attack on sept 11. Still with all of this, I find a ~70% increase pretty ridiculous

Marshmallowman
11th June 2003, 22:41
Yeah insurance companies the world over a bunch feckers..

Why does car insurance go up when they under insure some company that goes bust or some natural disaster..come just because they have bills to pay that does not mean we have all suddenly turned into bad drivers....

Mainly because the upper management make decsions to insure large/ corporate items at "mates" rates and then it goes south so we pay for their feck ups, but they will get their big bonus for fixing ther problem they created

God I hate insurance!!!.

And if you are in a reasonably financialy state right now, it is ALWAYS a good idea to do you own insurance, eg but that $1500 in bank account instead.

It has been shown that if you do this you will be a lot better off financially in the long run, given a couple years to get settled.

Unless you are an accident magnet volvo driver......In which case YOUR RIPPING ME OFF, STOP DRIVING :p

gt40
11th June 2003, 23:40
unfortunetly, in the province of Ontario it is illegal to not have insurance.

Wombat
11th June 2003, 23:47
Originally posted by gt40
unfortunetly, in the province of Ontario it is illegal to not have insurance. You can't buy a bond and self-insure?

gt40
12th June 2003, 00:18
Ontario has compulsory automobile insurance. Before you can attach plates to a vehicle or renew your registration, the vehicle must be insured. In Ontario, private companies provide insurance coverage. All vehicles must be insured for third party liability for at least $200,000. This covers you in the event that you injure or kill someone or damage someone's property. Collision insurance to cover damage to your own vehicle is a good idea but not required by law. When driving your own or someone else's vehicle, you must carry the pink liability insurance card for that particular vehicle. You must show this card when a police officer asks for it. If you do not, you can be fined up to $200.

Wombat
12th June 2003, 09:54
Nothing there says that you can't self-insure. You'd need a $200,000 bond though.

Tjalfe
12th June 2003, 09:56
how does that work then Wombat?.. I buy a bond for $200000 to save out on the cost of insurance? :confused:

gt40
12th June 2003, 10:01
Actually here is a cut and past from a legal forum:
"You are required by statute to carry a standard form policy of
automobile insurance. The Compulsory Automobile Insurance Act does not
provide for individuals to self insure. If you wish to self insure,
the way the Toronto Transit Commision does for example, you would
require permission in the form of an act of the Ontario legislature.
Morton M. Goldmacher
Barrister and Solicitor"

Tjalfe
23rd June 2003, 08:14
I talked to several insurance agents..
State farm refused to insure me bacause I had one speeding ticket of 15Km/h over a year ago.. the one Andrew Gallagher recommended would not take new business without me getting house insurance also ( I don't own a house!).. a few gave me quotes of way more than the $2175 pilot had quoted.. not looking good :(
I talked to the manager at my night job ( where I get the wet t-shirt pics from) and he recommended this lady in Ottawa, and sure enough, I was quoted $1361... sold :)

Natalie Richer
Bransh supervisor
Johnson Inc.
(800) 613-1083

if anyone wants to try.. my roommate called her and went from $2400 to $1370.. seems like a pretty good deal :)
Thanks everyone for your input!