Car Insurance in Barrie
Free Car Insurance Quotes in Barrie
Barrie, located about 100 km north of the Greater Toronto Area, offers drivers a respite from the high insurance rates charged by other cities in Ontario.
Obtaining Barrie car insurance is mandatory, especially given the challenging driving conditions. It’s not easy driving in Barrie, but experienced drivers know how to use Highways 26 and 11 for a quick trip to the waterfront or downtown. Driving conditions in Barrie will only get worse as the city grows.
Barrie residents need reliable auto insurance because of cottager traffic, tourists and commuters who are always in town, as well as the challenging driving conditions during winter.
You can save money on Barrie car insurance by shopping around. If you are one of the many Barrie residents who are also looking for ways to save on auto insurance, you could save a lot of money by comparing rates with McDougall for your next auto insurance policy.
Barrie residents can also benefit from a range of personalized auto insurance plans that cater to their unique driving needs and lifestyles. If you need to contact an experienced insurance broker in Barrie, feel free to reach out now.
With McDougall Insurance, you can receive a quote for car insurance in Barrie today from top Canadian insurance companies. Continue reading to find out more about Barrie auto insurance and how you can save money on your coverage.
How Car Insurance in Barrie Works
Barrie is no different from anywhere else in terms of auto insurance. Drivers must have it to legally operate a car. It is mandatory to have auto insurance in Barrie to avoid fines or license suspension.
You can face serious penalties if you drive in Ontario without insurance. Drivers who are caught driving without the minimum amount of insurance can face fines as high as $50,000 or even lose their license for up to a year.
If you are caught driving without insurance, you may also be classified as a “high-risk” driver by your car insurance company. You could be facing years of high car insurance rates. Signing up for an insurance policy protects you and your wallet.
Car insurance in Barrie, like other places, provides financial coverage if you or your vehicle are involved in an incident.
The Financial Services Regulatory Authority of Ontario regulates insurance in Ontario. FSRA (Financial Services Regulatory Authority) is responsible for ensuring that the proposed rates of insurance companies are fair, and it requires that agents and companies who sell auto insurance are licensed and follow all legal guidelines.
How to Get Car Insurance in Barrie
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What Does Car Insurance in Barrie Cover?
Mandatory Barrie Car Insurance
You must have a minimum level of auto insurance in Ontario to comply with the provincial laws and the Financial Services Commission of Ontario, the agency responsible for overseeing the insurance industry in Ontario.
Ontario’s no-fault car insurance policy means that your own insurance company will pay your benefits if you are involved in an accident, regardless of who caused it. No fault insurance does not cover property damage. This means that it will not pay to fix dents, scratches, or any other issues with your vehicle. Many people purchase extra car insurance for this reason.
Your policy must include these items to satisfy the minimum requirements for car insurance:
Third-Party Liability Insurance
Barrie drivers must carry third-party liability insurance of at least $200,000. This protects them if they cause an accident resulting in injuries, deaths, or property damage.
Direct Compensation Property Damage Insurance (DCPD)
Direct compensation property damage insurance covers damage caused to your vehicle by another driver. DCPD comes with a few restrictions, including that the accident must occur in Ontario and vehicles must be registered in Ontario.
If you don’t meet these criteria, then your collision insurance will cover you, but it’s an optional product, so not everyone buys it.
Statutory Accident Benefits
Basic accident benefits include replacement of income up to $400 per week, attendant care, and death and funeral benefits.
Uninsured Automobile Insurance
Uninsured auto insurance will cover you if you are not at fault for an accident caused by an uninsured driver who is unidentified.
Collision Coverage
This insurance covers damage incurred in a collision. This insurance will cover you in the event that your vehicle is damaged by a collision, whether you hit another car or a stationary object such as a tree or guardrail.
Comprehensive Coverage
This insurance covers any loss a driver might suffer due to events unrelated to driving. These losses can include theft, vandalism, damage caused by an attempted burglary, or hail or floods.
Specific Perils Coverage
This type of coverage adds protection to specific perils as listed in your policy. These perils include, Fire, theft or attempted theft, lightning, hail, and rising water.
All-Perils Coverage
All Perils is the broadest form of coverage as it includes most, if not all types of risks under one deductible. It includes collision or upset and comprehensive coverage.
Emergency roadside assistance
This auto insurance coverage will cover you financially in the event of roadside emergencies, such as flat tires, dead batteries, towing, or keys locked inside your vehicle. Roadside assistance coverage is offered by many insurance companies, either as part of their coverage or as an addition.
Find out more about coverage options with a quick call to our experienced Barrie car insurance brokers!
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What Is the Average Car Insurance Cost in Barrie?
The average cost of car insurance in Barrie is $1888 as of 2023. Barrie car insurance quotes are less expensive than the provincial Ontario Average.
What Car Insurance Add-ons Can You Include in Your Car Insurance Policy?
Car insurance endorsements or riders are known as Ontario Policy Change Forms (OPCFs) in Ontario. They are extra coverage options you can add to your car insurance policy when you feel your insurance coverage is limited for your needs. Here are some helpful endorsements you can add to your car insurance in Barrie.
1. OPCF 20: Loss of vehicle use insurance endorsement or transportation replacement
This insurance pays for renting a car or using public transportation when your car is damaged or stolen while it undergoes repair or replacement. There are some conditions for taking advantage of this rider. First, you need to already have comprehensive, collision, or specific perils coverage in your policy. Moreover, the damage or loss must be from an insured peril.
2. OPCF 27: Liability for damage to non-owned automobiles
This insurance is also called “collision damage waiver” or “rental vehicle insurance endorsement.” It covers you if you cause damage to a car you’re driving that you don’t own. That applies to a car you rented or borrowed from a friend or family member. If you get this insurance, you will not need to get rental car insurance as you’re already covered under OPCF 27.
3. OPCF 39: Accident waiver/forgiveness
Generally, being in an at-fault accident increases your car insurance premium. If it’s your first time and you have purchased this coverage, you may not get your premium increases. Bear in mind that the claim you make will still go in your record, though. So, if you ever change companies, you might get an increase in premium because of the claim.
4. OPCF 43: Removing depreciation deduction
Cars lose their value as soon as you get them on the road. If your new car gets damaged beyond repair and you need to replace it, you usually get reimbursed for the value of the car after the depreciation. If you have this insurance coverage, you will get reimbursed for the value of the car as if it’s brand new. This is only valid for the first two years of owning the car. Also, it should be a brand-new car, not previously owned by someone else and never repaired before.
5. OPCF 44R: Family protection coverage
This coverage includes your family members, including household family members, and underage and financially dependent family members. It covers them if they’re injured in an accident where the other drivers are uninsured or underinsured.
6. Minor Conviction Protection
This protects you against a premium rate increase- from the same insurer. If you commit minor traffic violations, like speeding, disobeying a traffic sign, or failing to signal before changing lanes. There are some conditions for this add-on to work:
- It only applies to your first conviction, like the Accident Forgiveness/Waiver endorsement.
- You must have had a valid driver’s license for at least 6 years.
- You must have had no convictions in the last 3 years.
How Are Barrie Car Insurance Quotes Calculated?
How much are the auto insurance rates in Barrie? Securing cheap car insurance in Barrie depends on many factors. Also, Auto insurance premiums depend on several factors, such as:
Gender
Men pay more than women for auto insurance. That is because statistically, men get involved in car accidents more than women. The difference in car insurance rates between men and women is less than %2. Married people also get lower car insurance premiums than single people because statistically, married people are more responsible drivers. The FSCO lets insurers adjust their rates based on gender and marital status if they can support them with actuarial information.
Age
You can expect to pay a higher car insurance premium if you are young. Insurance companies charge higher premiums to younger drivers because they experience more car accidents. A new driver under the age of 25 gets the highest premium compared to a middle-aged seasoned driver, who might get up to a 37% discounted insurance premium. According to FSCO, most premiums drop after 25.
Where you live
Some auto insurance companies consider your driving style in addition to the accident history you have (or don’t have). They might consider whether you drive mostly on highways (where the speed limits are higher) or if most of your driving occurs near your home.
Insurance companies will also consider how much time you spend driving. You will get the best Barrie car insurance quotes if you only drive a short distance to work every day.
Your driving records
You can expect to be rewarded for your good driving behaviour. Insurance Companies evaluate customers according to their risk. Statistics show that if you have a good driving record, you are likely to maintain it. Insurance companies look at how much you drive when determining your rates. If you only commute a short distance each day, you’re more likely to get the best Barrie car insurance quotes.
If you have a history of speeding tickets or fender benders, insurers will view you as prone to accidents and charge you more for insurance. DUIs also increase your insurance premium significantly so make sure not to drink and drive.
Type of car
Ever wondered why certain cars are more expensive to insure than others? You should think twice before buying that expensive sports car if you are planning to buy a new vehicle soon.
Insurance premiums will be higher for certain vehicles, like high-end models designed for speed. It’s the same for vehicles that are known to be targeted for theft and break-ins. You can use an insurance calculator when you are in the market to buy a new car to see which ones will cost more.
Insurance companies are prohibited from setting rates for car insurance based on factors such as a person’s past credit histories, bankruptcies in the past, employment status, vehicle owner status, or even how long they have lived at their current home.
Insurance companies also cannot discriminate against an individual based on their lapses in coverage, their history of minor accidents, or accidents where they were less than 25% at fault.
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How to Save Money on Barrie Car Insurance
Get the Cheapest car insurance quotes in Barrie.
Compare insurance rates
Compare car insurance quotes from top insurers. McDougall allows you to compare Barrie auto insurance quotes in one location.
Select the best coverage
By paying only for the coverage you need, and more, your premiums will be lower. Review your coverage from time to time to make sure you have enough coverage for your needs. You might find at times you’re over insured with coverage options you don’t need. If you update your policy and remove these coverages, you will get a lower insurance premium.
Drive safely
Your driving record will affect your rate. Fewer infractions, fines, and accidents equal cheaper auto insurance.
Pay on time
Paying on schedule can save you from late fees and reduce your premiums.
Bundle your policies
If you bundle your insurance policies from the same insurance provider, for example, bundling home & car insurance might lower car insurance rates. Insurance companies offer discounts for bundling multiple insurance policies.
Invest in safety features
Safety features for your car can help reduce your insurance premiums.
Stick with one insurance company
Most companies offer car insurance discounts for customers who remain with them for a long period of time.
Consider a driving course
This will make you a safer driver and it may also reduce your insurance rates.
Gain more driving experience
The more you drive and experience you get, the lower your car insurance rates will be. Young drivers pay higher car insurance premiums but can lower their rates by attending driving school and maintaining good grades.
Choose the right car
Cars with good crash-test ratings, low theft rates, and engines that are less powerful tend to be cheaper to insure. We always recommend consulting an experienced car insurance brokers to ensure you’re getting the most reasonable insurance package for your needs.
Add driving tracking
With a usage-based auto insurance policy, your low-risk driving can translate into lower premiums.
McDougall can get you cheap car insurance in Barrie from the best insurance companies in the city. All you need to do is apply for a car insurance quote in Barrie!
Car Insurance in Barrie FAQs
The average car insurance rate in Barrie is $1888 as of 2023.
High-risk drivers get a significantly higher car insurance rate than other drivers. The percentage can range from 20% to a 300% difference. So, the average rate of high-risk car insurance is $2500 to $5000.
Barrie’s lowest rates for car insurance are offered to adults between 50 and 70 years old. You may see a rise in your rates after 70 years old because statistically, people of that age are more likely to have to make a claim or take longer to recover. It may be worth shopping around for new Barrie auto insurance if you notice your rates are increasing.
When calculating your insurance rate, car insurers consider your annual mileage. The longer a driver is on the road, the more likely they are to be in an accident.
Your premium will be higher if you drive your car daily and commute a lot. The amount of mileage per day varies depending on the insurer but, in general, anything more than 25-30 km/day is considered a lengthy commute.
You will be charged slightly more if you use your vehicle only for short trips (about 6-9km a day).
Your premiums will not be affected if you only use your car to drive for pleasure (3 km or less).
Mid-range cars, like a Nissan or a Hyundai, are the cheapest to insure because they are less expensive to repair. However, car insurance prices aren’t only dependent on the type of car. There are other factors, like age, gender, location, and more.
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