High Risk Insurance in Ontario

High risk auto insurance refers to a form of insurance designed for drivers who are deemed to have a greater likelihood of being in an at-fault accident. This can be for a number of reasons.

Speeding tickets and other traffic violations can contribute to being considered a high risk drive. Insurance companies assess risk based on a number of factors, and a history of speeding tickets and violations indicates a higher likelihood of being involved in accidents. As a result, insurers may categorize you as high risk, leading to higher insurance premiums.

Impaired driving, which refers to driving under the influence of alcohol or drugs, can significantly impact your insurance premium. This is easily the most avoidable cause of needing high risk auto insurance but, regrettably, it does happen. If you or a family member has had an incident involving a DUI or impaired driving charge, contact our brokers for a free, no obligation high risk auto insurance quote.

Determining fault in an accident is a crucial aspect of the insurance claims process. Insurance companies use various methods to assess fault, and the determination can impact how claims are settled. Some of the common ways insurance companies determine fault include police reports, statements from involved parties, witness statements, photographs and documentation, traffic laws and regulations, and finally investigations.

In Ontario, careless driving tickets are issued when “A person is guilty of the offence of driving carelessly who drives a vehicle or street car on a highway without due care and attention or without reasonable consideration for other persons using the highway.” If you have been issued a careless driving ticket recently, contact the high risk auto insurance brokers of Regal and get the coverage you need at a cost that won’t break the bank.

High risk or non-standard auto insurance is a type of coverage designed for drivers who are considered to pose a higher risk to insurers. This classification can result from factors such as multiple traffic violations, at-fault accidents, DUIs, or a history of insurance claims. Because these drivers are seen as more likely to file claims, they often face higher premiums and may have fewer coverage options available.

High risk insurance works similarly to standard auto insurance but is tailored to those who present a higher likelihood of filing claims. Insurers specializing in high risk coverage assess the individual’s driving record and other risk factors to determine premium rates and policy terms. Coverage can include liability, collision, and comprehensive options, but at higher costs due to the increased risk involved.

Someone in Ontario might need high risk auto insurance if they have a poor driving record, including multiple traffic violations, at-fault accidents, or DUIs. Other reasons could include a history of insurance claims, license suspensions, or being a new driver with little driving experience. High risk insurance ensures that these drivers remain legally insured while working to improve their driving records.

No, being considered a high risk driver is not permanent. Over time, if you maintain a clean driving record by avoiding traffic violations, at-fault accidents, and other incidents, your risk level can decrease. Insurance companies typically reassess risk levels periodically, and after a few years of safe driving, you may qualify for standard insurance rates again.

The cost of high risk auto insurance in Ontario varies widely depending on the specific circumstances of the driver. On average, high risk drivers can expect to pay significantly more than standard drivers. Factors influencing the cost include the number and severity of traffic violations, at-fault accidents, and other risk-related factors. With every driver, Regal Insurance Brokers works with the best insurance providers to find the most affordable options based on your needs.

Insurance providers determine fault in an accident based on the evidence and the circumstances of the incident. This can include police reports, witness statements, and any available video footage. Insurers follow the Fault Determination Rules set by the Financial Services Regulatory Authority of Ontario (FSRA), which outlines how fault is assigned in different types of collisions. If you disagree with your insurer’s assessment, you can provide additional evidence or appeal the decision through the appropriate channels.