Auto Insurance Oakville
Find the best auto insurance rates in Oakville! Call or text Filip Ambroziak at 416 803 2113 or email him at filipa@pbnet.ca.
Getting the right Coverage
Car Insurance Rates in Oakville
Focus on coverage, not just price
Accident forgiveness
As the name implies, accident forgiveness coverage “forgives” the first at fault accident on a policy. The catch however is that only the insurance company you are currently with forgives the accident. If you were to shop around for a new insurance policy, that accident will be rated on your new policy.
In order to purchase this accident forgiveness coverage, a client must qualify. Each insurance company has different requirements. Majority of insurers such as Aviva or Intact require at least 6 years of insurance history with no at fault losses. Some companies require 8 years to get the coverage and very few require no history at all. This is by far the most important endorsement on an auto insurance policy and it generally costs very little to add.
Comprehensive Coverage
Comprehensive coverage is one part of a “full coverage” policy. It is the theft and vandalism coverage. The reason I would like to discuss it today is because many clients choose a liability-only insurance policy meaning no collision or comprehensive coverage. Collision coverage is usually expensive but Comprehensive coverage can be purchased at a very good price.
Collision Coverage
Collision coverage is the more expensive coverage option. It covers your vehicle should the accident be your fault. An example would be if you rear-end the car in front of you, that will be considered an at-fault accident. If your vehicle was damaged, the policy will pay out of the collision coverage.
The deductible is the portion of the damage which the client pays. You will have the option to select your deductible. The most common options are $0, $500 and $1,000 but can go as high as $5,000 if your vehicle has a high value. From the example above, if you rear-ended the car in front of you and the damage to your vehicle was $7,000 and your deductible was $500, your insurance will cover $6,500.
Oakville Auto Insurance Rates For Neighborhoods
Oakville is one of the most beautiful cities in Ontario. Located right by the water and home to many beautiful estates.
In general to predict if an Oakville neighborhood will be cheap or expensive for auto insurance, you can look at the density. Lots of cars means more claims.
College Park: Close to Sheridan college and near the QEW, and close to Oakville Place. College Park is generally a little above average auto insurance rates comparing to other neighborhoods.
Uptown Core: This is a very busy area with many shopping areas and mega plazas. Many newly built homes here with more set to be built over the next decade. This area has the highest rates in Oakville.
Joshua Creek: Fairly established neighborhood with many luxury vehicles that are targeted for theft. This makes the comprehensive portion of this area expensive increasing average auto insurance rates.
Old Oakville: Very established area, lower theft rates and great community watch groups. Old Oakville has very good auto insurance rates.
Bronte: This has many newly developed homes and younger families. Farther away from major highways and also very safe. Bronte has great insurance rates.
Oakville has great rates compared to other cities in GTA so living anywhere in Oakville will help your auto insurance rates.
What is required by Law in Oakville?
Mandatory Auto Insurance Coverage
In Oakville, you must have an auto insurance policy in force to drive. Fines for not having valid insurance in Oakville can be up to $5,000. The following coverages are mandatory at all times:
Accident Benefits
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Top Three Reasons
Why Your Current Oakville Auto Insurance Is High
Many different factors affect your auto insurance rate in Oakville, but these three have the most weight.
01
Address
The address is the biggest factor that will affect your auto insurance. Different parts of Oakville will have different rates. Luckily, Oakville has very competitive rates
02
Claims
If you have an at-fault accident on your record, expect your insurance rate to be high. At-fault claims are rated for six years.
03
Vehicle
Your vehicle will have an impact on your car insurance price. New, expensive vehicles will cost more to repair and can increase insurance rates.
Save on your Oakville Car Insurance
Oakville auto insurance rates are rising every year. Have a conversation with an Oakville insurance broker. Now more than ever is a great time to shop around!
Below you will find three more ways on how you can save some money on your Oakville car insurance.
Get the Best Auto Insurance rates in Oakville, ON
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How to reduce your rate
Oakville Auto Insurance Discounts and Tips!
Oakville is a beautiful city to live in. It’s known for its large homes and great lake views. Although the real estate prices can be high, auto insurance is generally on the lower end when compared to the GTA.
Here are a few discounts to help reduce your auto insurance rates even more:
- Drivers training discount
- Telematics enrolment discount
- Multi-vehicle discount
- Home and car discount
- Winter tire discount
- Pleasure usage
Along with all those discounts, here are a few extra tips to help keep you auto insurance premiums as low as possible.
- Increase your deductible. If you are confident in your driving ability, you should consider increasing your deductible because that will decrease your insurance rate.
- Your should always bundle your auto insurance with your Oakville home insurance policy. If you do not own a home or condo, you can consider getting tenant insurance to qualify for the home and auto discount.
- Collision and comprehensive coverage are not mandatory. If you have an older car, consider insuring it just one-way to help save on insurance costs.
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- Serving Oakville!
- Monday - Friday: 10:00am - 5:00pm
- (416) 803-2113
- filipa@pbnet.ca
Filip Ambroziak
Filip Ambroziak is a RIBO (Registered Insurance Broker of Ontario) and LLQP licensed broker operating in Ontario. After many successful years in the industry, he has created a client base in Oakville covering a range of small to large businesses, builders risk policies, commercial and personal auto, rented dwellings, high worth homes, dealerships, contractors, lawyers, real estate brokerages, non-for-profits and many more.
Filip is partnered with the largest and most reputable auto insurance companies in Oakville.
FAQ
Frequently Asked Questions
Oakville is one of the best cities in the Greater Toronto Areas when it comes to pricing of auto insurance. Even an expensive neighborhood in Oakville can be cheaper than a “less expensive” city in Mississauga.
You should add your child to your auto insurance policy as soon as they get their license. This helps build up their records and protects them in the even of a claim.
This is a very tough question to answer and can be discussed with your insurance broker. Depending on your record, if you have accidents, tickets or non-payments on record, your insurance could go down anywhere from one year to 6 years.
If you have a clean record, generally insurance goes up with inflation assuming all else is the same.
The biggest discount you can get for you auto insurance is the Bundle Discount. You need to pair your auto insurance with your Oakville home insurance. Depending on the insurance company, the discount can range from 15% – 23%.
Telematics are a UBI (Usage Based Insurance) app that tracks how you drive and gives you a discount (or surcharge) depending on how you drive.
Yes, Filip Ambroziak is a RIBO (Registered Insurance Brokers of Ontario) licensed Insurance Broker. His License is 39091 and can be searched here.