Mandatory Crysler Auto Insurance Coverage
Because it is illegal to drive without auto insurance, the Ontario government has implemented regulations for basic auto insurance coverage. These are the following coverages that must be included:
- Direct reimbursement
- Accident benefits
- Liability for property damage
- Liability for physical injury to third-party
- Uninsured drivers
Liability coverage is what covers an individual for any damages that they do to others or their property in a car accident. $1,000,000 in liability is common in Ontario, but here at McDougall Insurance we recommend that residents up that number to $2,000,000 for their Crysler auto insurance policy. This is due to the fact that lawsuit costs have gone up quite a bit over recent years, and doubling your liability coverage is of very little cost to drivers.
Some ten to fifteen percent of drivers in Ontario do not carry auto insurance. That number might not seem like a lot, but that means that there are around 170,000 drivers on the road in Ontario without auto insurance. Thankfully, this number is going down with advancements in police vehicle technology. However, this is still very much a threat to drivers. A portion of your Crysler auto insurance premium is dedicated to protecting you from this hazard.