We work with our Oakville customers to provide you with the best possible auto insurance rates in Ontario. When it comes to getting car insurance, we conduct a full in depth review of your lifestyle and exact needs to help you make the right decision.
As fellow Oakville residents, we truly understand the specific car insurance you’ll need to ensure you’re fully covered whether it’s in the event of an accident or to protect against the rising theft rates in our city.
Our team of car insurance brokers have over 10 years of experience providing trusted insurance solutions to the people of Oakville.
Whether you own one vehicle or multiple, have young drivers, or are of a higher-risk, we’ll provide you with insurance options that make the most sense for you.
By connecting with our team, you’ll never have to worry about your vehicle(s) ever again.
Types of Car Insurance Coverage For Oakville Residents
In Oakville, Ontario, just like the rest of the province, auto insurance is required by law. Here are the basics of what’s mandatory:
1. Liability Insurance
Bodily Injury: This covers the costs if you hurt someone in an accident you’re responsible for.
Property Damage: Covers damage to someone else’s car or property if you’re at fault.
2. Accident Benefits
This helps cover you and your passengers if you’re injured in an accident, no matter who caused it.
It includes things like medical bills, rehab costs, income replacement, and even funeral expenses if needed.
3. Uninsured/Underinsured Motorist Coverage
If you’re in an accident with someone who doesn’t have enough insurance or any insurance, this will help cover your costs.
We also offer additional optional coverage to help keep you fully protected:
Collision Coverage: Covers repairs to your car if you’re at fault or if it’s a hit-and-run.
Comprehensive Coverage: Covers things like car theft, vandalism, or weather-related damage.
All Perils Coverage: Provides broad protection, covering accidents, theft, vandalism, and more.
Specified Perils Coverage: Covers specific risks like fire, theft, and certain weather damage.
Direct Compensation Property Damage (DCPD): If you’re not at fault, this covers the damage to your vehicle and other property. Your own insurance company handles it, so you don’t need to deal with the other driver’s insurer. Please be aware that this coverage has only recently become optional, effective January 1st, 2024. You can opt out by adding the OPCF 49 endorsement.
Own a collector vintage or antique car? We help you get specialized classic car insurance for any type of vehicle. Get a quote now.
Average Cost of Oakville Car Insurance
Car insurance in Oakville costs $115 on average per month or $1,400 per year. This is less than other cities in Ontario including Toronto, Brampton and Markham.
This figure still varies based on your age, gender, vehicle type, driving history, and more. Owning multiple vehicles will also raise your car insurance premium. As experienced brokers located in Oakville, we can provide you with a wide selection of rates that best match your needs.
In addition to the above factors, auto insurance rates are regulated in Ontario and companies file for rate approval changes. This ensures that all companies are offering fair rates each year.
FSRA takes a close look at rate change requests, weighing factors like inflation, more people driving, and overall market conditions to make sure the insurer’s predictions make sense.
How to Get Car Insurance in Oakville
You can get car insurance in Oakville through our trusted brokerage, where we connect you with top insurance companies across Canada. With Oakville’s snowy roads, busy streets, and upscale neighborhoods, it’s important to have coverage that suits your specific driving needs.
With our knowledge of Oakville’s unique driving conditions, like snow and ice clearing on over 2,000 lane kilometers of roads, we make sure you get the right coverage for your situation.
The process is simple: start by getting a quote online, then schedule a consultation to discuss your needs.
From there, we find the best policy at the best rate, whether you drive a luxury vehicle or a family SUV.
Bundle your Home & Auto Insurance in Oakville
Bundling your home and auto insurance can save you money while making sure you get the right coverage for your needs. With Oakville’s parks, greenery, and the possibility of storms and flooding,
it’s important to have coverage that protects both your home and vehicle.
By bundling, you can take advantage of discounts without compromising on coverage. Whether you’re covering your car from winter weather or protecting your home from a storm, bundling makes sure both are fully covered.
As insurance brokers, we help you find the best combination of savings and coverage to fit the unique risks in Oakville.
Call James: (647) 966-7093
Work with James to ensure you get the best car insurance policy that meets your needs. With a seasoned expert on your side, you can discuss your unique situation and he can help lay out your options. Allow us to serve as your expert auto insurance providers.