Kitchener Car Insurance

Kitchener Car Insurance 

Kitchener is one of the most populous cities in Ontario. Most people who live here need a vehicle to get around, whether they want to see friends and family, want to treat themselves to some entertainment, or just need to commute to and from work. However, vehicles carry many risks, and you’ll need Kitchener car insurance coverage to help protect you from many of these risks. 

What Is Kitchener Car Insurance? 

Kitchener car insurance is a form of car insurance designed to protect Kitchener drivers from the financial risks associated with owning a private vehicle.  Kitchener car insurance protects you from being financially burdened if you need repairs to your car or to cover you if you are held responsible for damage done to someone else or their property. Such incidents could cost you tens or even hundreds of thousands of dollars, meaning that Kitchener car insurance can prevent you from ending up in trouble. 

Who Needs Kitchener Car Insurance? 

Anyone who owns a car and drives it for personal purposes in Kitchener needs Kitchener car insurance. The level of protection it provides is too high for you not to take advantage of it. Even the best drivers occasionally make small mistakes that could lead to a collision or similar incident. There is also the possibility that you will end up in an incident at no fault of your own. To ensure that you are not financially ruined if any of these events happen, you will require the protection that Kitchener car insurance provides. 

Is Kitchener Car Insurance Mandatory? 

Yes. Kitchener car insurance, like all forms of car insurance in Ontario, is legally mandated by the provincial government. Being caught driving without insurance can lead to a huge fine. The financial risks involved in driving are numerous, especially since the risks are not exclusive to the vehicle itself. You also open yourself up to several liability risks every time you jump into a vehicle due to the vast number of situations where you could be found responsible for someone else’s loss, either due to property damage or bodily injury. Kitchener car insurance helps protect you if such an incident were to occur. 

What Does Kitchener Car Insurance Cover? 

Kitchener car insurance can cover the policyholder in a wide range of situations relating to damage to the vehicle, its contents, injuries to the passengers, and damage to others for which you are found liable. The most common types of coverage within a policy are accident benefits coverage, third-party liability coverage, direct compensation property damage and uninsured automobile coverage. There are, however, several other coverages that can be added to a Kitchener car insurance policy to provide further protection. 

Accident Benefits Coverage 

Accident benefits coverage provides financial protection for those injured in an accident involving your vehicle. Both you, as the driver, and all passengers involved would be covered by accident benefits coverage. These types of coverage can include income replacement benefits to help cover lost wages; caregiver benefits if you are unable to care for any dependents due to your injuries, medical expenses, and rehabilitation benefits for those who need a prescription or equipment like crutches as a result of injuries, as well as death benefits and funeral benefits for your loved ones if the worst case scenario were to happen. 

Third-Party Liability Coverage 

Third-party liability coverage can financially protect you if you are held liable for a loss to someone else. For example, if you are in a collision and are found partly or entirely at fault, you may need to reimburse the harmed party for things like medical costs, equipment like crutches, missed wages, or property damage.  

Direct Compensation Property Damage 

Direct compensation property damage, also known as DCPD, covers you for damage to your vehicle in the event of a collision. This could include anything from a minor fender bender to a full collision with another vehicle, whether you were parked or actively driving. For you to be eligible for DCPD, there must be at least one other vehicle involved in the collision, and the incident must happen within Ontario. 

Uninsured Automobile Coverage 

Uninsured automobile coverage covers you when you get into an accident with an uninsured driver or underinsured driver. Even though car insurance is required by law in Ontario, there’s still a chance someone you collide with won’t be properly insured. There are other points where the person at fault doesn’t have enough insurance to cover you fully. There is also the possibility that you will be the victim of a hit-and-run driver. In these cases, uninsured automobile coverage will cover you, ensuring that you get your dues. 

What Levels Of Protection Does Kitchener Car Insurance Offer? 

Based on the level of protection you would like, and the insurance rates you feel are best for you, there are a handful of options available. Kitchener car insurance is not one size fits all. Specified perils, comprehensive, and all perils are each appropriate for different people.  If you would like further details, it is recommended that you speak with your Morison Insurance broker. 

Specified Perils 

Specified perils is the least expensive option when setting up your Kitchener car insurance policy, but the downside is that it protects you from the least amount of perils. The list of perils you will be protected from is listed on the policy itself and mainly describes situations where a collision is the cause of the claim. Although it offers the lowest rates, it is not recommended because the situations it protects you in are relatively limited and, therefore, you are left open to many perils you might not even think about. 

Comprehensive 

A comprehensive Kitchener car insurance policy protects you against everything specified perils does, as well as several other situations, such as vandalism and many weather-related threats such as hail. This coverage covers a lot more ground than specified perils does, but still leaves you open to relatively common perils that could be the cause of a claim. 

All Perils 

All perils is the most all-encompassing form of Kitchener car insurance because it covers the largest range of perils. It protects against everything except for the perils specifically mentioned as exclusions in the policy. Your all perils coverage policy will have a short list of situations where it will not protect you. However, it will protect you in every situation that comprehensive and specified perils cover you and many more that are not listed in any policy. Some examples of exclusions from an all-perils policy include: 

• War. 
• Terrorism. 
• Nuclear events. 
• Large natural disasters, such as earthquakes. 

How Much Does Kitchener Car Insurance Cost? 

Every Kitchener car insurance quote is different because of the many factors involved that are related to the driver as well as the vehicle. Each insurance company will weigh these factors differently, meaning that the same person will probably get a different quote from each different insurance provider. Some of the factors involved in determining your Kitchener car insurance quote are: 

• The insurance history of the policyholder and all other drivers. 
• The level of coverage desired. 
• Which postal code in which the insured lives within Kitchener. 
• The type of vehicle being insured. 
• The age and replacement value of the vehicle being insured. 
• The driving record of the policyholder and all other drivers. 
• Age of all drivers. 
• Level of driving licence. 

Please note that this is not a complete list of all factors determining your Kitchener car insurance quote. If you would like to know more of the factors that could impact how high your rates are, it is recommended that you speak with your Morison Insurance broker, and they will be happy to help you. 

How Can I Lower My Car Insurance Quote? 

Luckily, there are ways that you can lower your Kitchener car insurance quote without compromising your level of coverage. These techniques include: 

• Increasing your deductible. 
• Keep a clean claims record. This might include not making insurance claims on small losses. 
• Keep a clean driving record by not committing traffic violations. 
• Switching to usage-based insurance. 
• Have younger drivers and inexperienced drivers attend driving school. 

Please note that there are other ways to lower your Kitchener car insurance quote without compromising your coverage. If you would like to know more, we recommend that you speak with your Morison Insurance broker. 

Are There Discounts On Kitchener Car Insurance? 

Yes, there are discounts available for your Kitchener car insurance premium.  Some of the most common car insurance discounts that you might be eligible for: 

• Bundled home insurance and auto insurance discount. 
• Retiree insurance discount. 
• Winter tire insurance discount. 
• Short distance commute insurance discount. 
• Renewal insurance discount. 
• Multi-vehicle insurance discount. 
• Loyalty insurance discount. 
• Claims free insurance discount. 

Please note that these are far from the only discounts on Kitchener car insurance quote you might be eligible for. If you would like to know more about how to lower your insurance premiums, it is recommended that you speak with your Morison Insurance broker. 

Where Can I Get A Kitchener Car Insurance Quote? 

You can get a Kitchener car insurance quote from Morison Insurance. Morison Insurance is a family-run insurance brokerage that treats its clients like an extension of that family. With over a century of serving clients throughout Ontario, we know how to shop around and get you the best Kitchener car insurance quote possible while maintaining a competitive quote. Call us at 1-800-463-8074 or fill out the form below to get your insurance needs filled. You’ll be glad you did.