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Ontario Car Insurance Information

August 19th, 2010

Minimum Coverage

1. The Financial Services Commission of Ontario explains minimum insurance coverage set under Ontario law includes third-party liability coverage, statutory accident benefits coverage and direct compensation. Ontario auto insurance must also include coverage for an accident involving an uninsured driver.

Extra Insurance

2. The IBC website explains over 140 insurance companies offer auto insurance in Ontario. These organizations offer extra insurance options to add to the minimum insurance required by Ontario law.

Penalties

3. The Financial Services Commission of Ontario reports the penalties for uninsured drivers include fines of between $4,850 and $48,500. Other penalties include the suspension of the uninsured’s driving license and impounding of the uninsured vehicle.

Similar Posts:

• Missouri Vehicle Insurance Laws
• Idaho State Auto Insurance Crash Laws
• Car Insurances That Do Not Check Credit Reports
• Today’s News: More Life Insurers Subpoenaed, Young Drivers Have Higher Crash Rates and 1 in 5 Californians Uninsured
• Today’s News: Employers Urged to Expand Health Plans, Medicare Doughnut Hole Checks Coming and the Nation’s Dumbest Drivers May Live Near You


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