Ontario Ford Insurance

Ontario Ford Insurance 

The Ford Motor Company is one of the world’s most well-known and trusted automobile manufacturers, so it makes sense that it consistently takes top place as the most popular vehicle brand in Canada. Suppose you own an F-150, Mustang, Explorer or another type of Ford. In that case, you probably want to use it for a wide variety of purposes out on the road—and to do that safely and legally, you need the right Ontario Ford insurance.  

Whether you’re considering purchasing a new Ford or already have one and want to ensure you have the best Ford insurance coverage, the experienced brokers at Morison Insurance can help.  

What is Ford Car Insurance? 

Ford insurance is an auto insurance policy designed to provide financial protection if you are involved in an accident or if your vehicle is otherwise damaged. If that happens, you can file a claim with your insurance company and receive the compensation necessary to handle the repair or replacement of your vehicle, along with liability costs such as legal fees and settlement expenses, should you be sued for causing third-party bodily injury or property damage with your vehicle.  

Who Should Have Ontario Ford Insurance? 

You’re probably already well aware that the Government of Canada requires all vehicles driven on public roads to have auto insurance coverage. All Ford owners need Ontario Ford insurance to comply with legal requirements. However, even if it weren’t legally mandatory, Ford insurance would still be essential to protect Ontario drivers from paying out of pocket for liability and property damage costs following a collision or another event that causes damage or injury.  

You may be the most cautious, defensive driver out there, but with hundreds of thousands of other drivers on the road, it increases the chance of an accident. With the right Ford car insurance behind you, you can rest assured that you won’t have to face those costs alone in the event of an accident.

What Does Ford Insurance Cover? 

Third-party liability, accident benefits, direct compensation property damage, and uninsured automobile coverages are mandatory and included in any kind of auto insurance in Ontario, and Ford insurance is no exception. These coverages are legally required and offer important protection that every driver needs.  

Third-Party Liability Insurance 

If you are involved in an automobile accident and a third party is injured, or their vehicle is damaged, that person can bring legal action against you in court to recover expenses related to the damage or injury. Third-party liability coverage enables you to seek compensation for costs such as attorney fees, court fees and settlement expenses should you be found liable in court for causing third-party bodily injury or third-party property damage.

Statutory Accident Benefits 

If you are injured in a collision, you’ll need accident benefits coverage to help you deal with the expense of a severe injury. That could include costs such as your medical expenses, physical rehabilitation, hiring a care attendant if necessary, and even financial compensation for lost income if your injury renders you unable to work for a period of time while you recover. You can increase your accident benefits coverage to provide extra protection. Speak to a Morison Insurance broker who would happily discuss accident benefits with you.  

Direct Compensation Property Damage (DCPD) 

If you’re involved in a collision for which you are not at fault, you don’t want to wait months to get the compensation you’re entitled to from the at-fault driver’s insurance company. With DCPD coverage, you can get the financial support you need to repair or replace your vehicle directly from your own insurance company without delay.

Uninsured Automobile Coverage 

Uninsured automobile coverage provides protection in the event you are in an accident with a driver who is uninsured or underinsured. This coverage will provide financial protection against bodily injury and property damage. You can increase your uninsured automobile coverage limits to provide extra protection.

Are There Additional Coverages Available for Ford Insurance? 

Aside from the mandatory Ford car insurance coverages listed above, there are also optional coverages that are highly recommended to provide an extra level of protection. While some of these types of Ford insurance may be more important for your unique insurance needs than other options, they are all beneficial because you just never know when you’ll find yourself in an unexpected situation. 

• Physical Damage Protection: This is a generalized term that applies to a group of coverages, including comprehensive car insurance, collision coverage and all perils coverage designed to provide additional insurance compensation if your vehicle suffers damage or is written off entirely. 
• Comprehensive Car Insurance Coverage: This Ford insurance option covers damage to your vehicle (or loss of your vehicle) that occurs due to something other than a collision with an object or another vehicle. That includes fire, windstorms, theft, vandalism, broken glass and a collision with an animal. 
• Collision Coverage: Collision insurance offers protection if you are at fault for a collision with another vehicle or an object, including rollovers.  
• All Perils Coverage: All perils coverage is a highly recommended addition to Ford insurance because it combines collision coverage with comprehensive coverage. It provides coverage for all damage or loss caused except those specifically excluded from your Ford insurance policy. Normal wear and tear damage is an example of a typical exclusion.  
• Loss of Use Protection: If you are unable to use your vehicle following a collision or another type of accident, loss of use protection gives you access to a rental car until you can get your vehicle repaired, whether or not you were at fault for the accident.  
• Accident Forgiveness Coverage: Most drivers are aware that an at-fault collision will typically cause a significant increase in their insurance premiums. Suppose you have accident forgiveness coverage on your Ontario Ford insurance policy. In that case, your first at-fault accident will not be counted on your driving record, and your insurance costs will not increase.  
• Vehicle Depreciation Waiver: If you’re planning to buy or lease a brand-new Ford car or truck, it’s in your best interests to consider adding a vehicle depreciation waiver to your Ontario Ford insurance. When you drive your Ford off the lot, it will depreciate in value. With a vehicle depreciation waiver, you can receive the total value of your Ford as if it were new without your insurance company factoring in depreciation. 

What Factors Influence the Cost of Ontario Ford Insurance? 

When determining the cost of your Ford insurance premiums, your insurance provider will look at a wide range of information and statistics to determine how likely you are to file a claim and base your auto insurance rate on that. Some of the many factors they look at during this process are:  

• Your vehicle’s year, make and model  
• Your driving record  
• Your insurance claims history  
• Any secondary drivers
• Crime rates in the area where you live  
• Personal information such as your age and sex  
• In some cases, your marital status  

Depending on your Ford insurance provider, you can lower your premiums by taking a safe driving course or having a clean driving record. Your insurance company will likely also have advice or requirements for you on vehicle maintenance and safety, such as changing from all-season tires to winter tires in cold weather conditions.  

Where Can I Get A Ford Car Insurance Quote? 

You can get a Ford insurance quote by calling the award-winning brokers at Morison Insurance. We will compare quotes from leading insurance companies to get you the best coverage and all the car insurance discounts you deserve! Get started today by calling 1-800-463-8074 or by filling out the form on our website. We look forward to helping you get the best Ontario Ford insurance coverage.