Car Insurance Niagara Falls

Niagara Falls Car Insurance 

Niagara Falls, Ontario, is a beautiful place to live, as having a major landmark in your home city is amazing. Like any other city, living and commuting here becomes a lot easier if you have a car. However, driving a vehicle comes with many financial risks that could cause severe damage to your finances. Luckily, Niagara Falls car insurance can protect you from these incidents. 

What Is Niagara Falls Car Insurance? 

Niagara Falls car insurance provides financial protection for those who own and drive vehicles in Niagara Falls. Car insurance protects the policyholder from many financial risks associated with driving a vehicle. These risks include repairing or replacing your vehicle after a collision, covering lost wages due to an injury you suffered, and liability claims for damage done to others, either through physical injury or property damage. The costs of covering these expenses can often be in the tens of thousands or, in the case of some liability risks, hundreds of thousands of dollars. Niagara Falls car insurance protects you against these exposures, giving you peace of mind knowing that you will be financially secure even in the worst-case scenario. 

Is Car Insurance In Niagara Falls Mandatory? 

Yes. Legally, car insurance is mandatory in Niagara Falls, just like it is for all of Ontario. If you live in this city and are caught driving without Niagara Falls car insurance, you can face fines of tens of thousands of dollars. Going without the protection provided by Niagara Falls car insurance is not a risk you would want to take. The financial risks you are exposed to while driving are numerous and can add up quickly. In addition to the dangers of a collision, there are several risks that your vehicle is exposed to even while it is not being driven. Fire, theft, vandalism, water damage, and damage from weather, such as hail, are all perils you are exposed to. It is also possible that while your vehicle is parked, another vehicle will collide with it. With all these exposures you’re open to, you can’t afford to miss out on the protection Niagara Falls car insurance provides. 

What Does Niagara Falls Car Insurance Cover? 

Niagara Falls car insurance coverage includes accident benefits coverage, third-party liability coverage, direct compensation for property damage, and uninsured automobile coverage. Each of these is designed to protect against a different series of exposures you and your vehicle are open to, both while on the road and while your car is parked. There are also several optional coverages available if you want additional protection. If you want to know more about how Niagara Falls insurance can help financially protect you, about the additional coverage options, or want more clarification, your Morison insurance broker is here to help you. 

Accident Benefits Coverage 

Accident benefits coverage will protect you from financial losses that result from injuries. These could involve lost wages due to missing work, caregiving costs, paying for assistive equipment such as wheelchairs and crutches, and more. Other costs include school tuition that students miss due to injuries from the crash, treatment needed to recover, and funeral expenses if such an unfortunate situation occurs. Accident benefits coverage will cover any of these expenses paid by you and any passengers in your vehicle. 

Third-Party Liability Coverage 

Third-party liability coverage will give you financial protection if you are held responsible for damage to someone else’s property and physical injuries you have inflicted upon others. Property includes anything the person owns, such as a vehicle that you collided with and anything on board that was damaged, as well as other objects, such as their home, if that is what you collided with. It also covers physical injuries to others if you are held responsible for those, and legal fees, such as hiring a lawyer if needed. 

Direct Compensation Property Damage 

Direct compensation property damage, also known as DCPD, covers damage to your vehicle and any contents within the car if it is involved in a collision. This includes anything from fender benders to full-on collisions with other vehicles. It should, however, be noted that a series of conditions must be met for DCPD to take effect. First, you must not be deemed at fault for the collision. Second, the collision must also be between two or more vehicles, each properly insured, and happen in Ontario. 

Uninsured Automobile Coverage 

Uninsured automobile coverage provides financial protection if you are involved in a collision with an unidentified, uninsured or underinsured driver. Unidentified driver incidents can happen if the other driver flees the scene after a collision, and neither you nor the authorities can correctly pinpoint the identity of the driver or the vehicle. In short, if the other driver’s insurance cannot cover what the said driver would owe you, this aspect of your insurance policy will cover it, meaning that even this situation is one where you will not face such a financial burden. 

How Much Does Car Insurance In Niagara Falls Cost? 

There is no set cost for Niagara Falls car insurance. Every Niagara Falls car insurance policy is unique, as each driver is exposed to different risks based on their situation, some related to the person requesting the policy and others related to the vehicle. It should also be noted that the same driver will likely get different quotes from each insurance company. This is because each insurance provider has a unique way of calculating quotes and weighs each risk differently. To receive an accurate Niagara Falls car insurance quote, contact our Morison Insurance brokers, who will be happy to help. 

Does The Type Of Vehicle I Drive Impact My Niagara Falls Car Insurance? 

Yes. The type of vehicle that you drive is one of the most critical factors in determining your Niagara Falls car insurance quote. Cars with higher repair costs will cost more to insure as you increase the risk to the company providing you with this level of protection. Vehicles with poor safety ratings or more prone to damage will also have higher rates. Newer vehicles are also more expensive to insure due to their higher relative value than older models.  

What Impacts The Cost Of Niagara Falls Car Insurance? 

Many factors impact the cost of Niagara Falls car insurance. Most of these factors affect the level of risk that the insurance company takes on by accepting you as a client and giving you a policy. Some of those factors that impact your costs include: 

• The make, model and age of the car. 
• The driving history of the insured and any additional drivers. 
• The claims history of the policyholder and any secondary drivers. 
• The postal code of the insured. 
• The level of coverage desired by the policyholder. 
• Any additional risk factors associated with drivers who are under the policy, such as drivers in certain age ranges. 

Please note that these are not all the factors involved in determining what your Niagara Falls car insurance quote will be. If you have any questions on what other factors could impact your Niagara Falls car insurance, your Morison Insurance broker will be happy to help you. 

Are There Any Discounts For Niagara Falls Car Insurance? 

Yes. There are many car insurance discounts available for you. However, it should be noted that many of them might already be included in your current quote, as insurance discounts are often not explicitly noted, even though they are impacting the car insurance rate. Many of these discounts are below: 

• Bundled home and auto insurance discount 
• Winter tire insurance discount
• Claims-free discount
• Driver training discount
• Loyalty discount
• Renewal discount 
• Mature driver discount
• Good driver discount

Please note that these are only some of the discounts available, as there might be more not listed here that you may be eligible for. If you have any questions about these car insurance discounts or would like to know more about which other discounts you may qualify for, your Morison Insurance broker will be happy to let you know. 

What Other Ways I Can Lower My Niagara Falls Car Insurance Quote? 

Even after discounts, there are a few ways in which you can lower your Niagara Falls car insurance premium. Most of these ways involve reducing the risk involved in your situation. Some ways of lowering risk include: 

• Increasing your deductible. 
• Not making claims on small losses to keep a clean claims record. 
• Take a safe driving or defensive driving course. 
• Switch to usage-based insurance if the quote for this is lower. 
• Having a clean driving record.  

Please note that these are not the only ways to lower your insurance premiums, as there are more. 

Where Can I Get A Niagara Falls Car Insurance Quote? 

You can get a Niagara Falls car insurance quote from Morison Insurance. Morison Insurance is a family-owned insurance brokerage that treats its clients as an extension of that family. We have been serving people in Ontario for over a century, giving them the best insurance options at competitive rates. Fill out a form on this site or call us at 1-800-463-8074 and get the coverage you need today.