Ontario has compulsory automobile
insurance. Before you can attach plates to a vehicle or renew your
registration. 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 $400. Every person who operates a
vehicle without insurance is guilty of an offence and is liable on a
first conviction to a fine of not less than $5,000 and not more than
$25,000.
In order to see how much you can afford for insurance you should
call around for insurance quotes before buying your vehicle. Below
you will find numerous insurance companies which you can browse
through or obtain a quote from. |