High Risk Insurance: Ontario Car Insurance for High Risk Drivers
If you’ve been classified as a high-risk driver, you’re likely facing higher premiums, limited coverage options, and possibly even trouble finding a company for high-risk car insurance. But don’t worry—there are still options for high-risk insurance in Ontario, and with time and good habits, you can work your way back to lower-risk status.
In this blog, we’ll explore what it means to be a high-risk driver, how it affects your insurance, and how you can manage your coverage while working towards improving your driving record.
Who Is Considered a High-Risk Driver?
nvolved in an accident or filing claims. A driver is generally considered high risk if they meet any of the following conditions:
- Three or more traffic tickets: Accumulating multiple minor infractions like speeding tickets or running red lights.
- A serious conviction: This includes charges such as driving under the influence (DUI) or reckless driving.
- Two or more at-fault accidents: Being involved in multiple accidents where you were deemed responsible.
- Insurance cancellation for misrepresentation: Having your policy cancelled for providing false information.
- License suspension: Suspensions due to infractions or violations.
- Non-payment of premiums: Being cancelled by your insurance provider for failing to make payments.
Once classified as high-risk, you will face higher insurance premiums and fewer coverage options. However, there are still solutions available for drivers in this category.
How High-Risk Insurance Works
High-risk drivers often need to seek insurance from specialized insurers that provide coverage for those with problematic driving records. These insurers are more willing to take on the additional risk but will charge higher premiums to offset potential claims.
Here are a few things to keep in mind about high-risk insurance:
- Higher Premiums: High-risk drivers will pay significantly more for coverage compared to low-risk drivers. This is because insurers see you as more likely to file claims, and they need to balance that risk.
- Limited Coverage Options: You may not have access to the same variety of coverage options that low-risk drivers have. Some insurers might only offer the minimum required coverage for high-risk drivers, such as liability coverage, with fewer options for extras like collision or comprehensive coverage.
- Mandatory Insurance: In Ontario, all drivers are required to carry insurance, even if they are high-risk. Driving without insurance can lead to heavy fines and other legal penalties, so it's essential to maintain coverage no matter what.
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The Role of Liability Coverage for High-Risk Drivers
Where to Get High-Risk Insurance
If you’ve been classified as high risk, your best bet is to work with an independent insurance broker who has access to high-risk insurance carriers. Brokers, such as Roughley Insurance Brokers, specialize in helping high-risk drivers secure coverage and have direct access to high-risk insurers.
Additionally, brokers have access to the Facility Association, which is a pool created by law to ensure that all drivers in Ontario, regardless of their driving history or experience, can get insurance. If you’ve been declined by other insurers, the Facility Association will provide coverage, though the premiums will generally be higher.
Working with an independent broker ensures you’re getting the best available coverage and rates, even as a high-risk driver. A broker can help you explore all your options, whether through specialized high-risk carriers or the Facility Association, and they’ll act in your best interest to find the right policy for your situation.
How to Lower Your Risk and Reduce Premiums
While high-risk insurance coverage may be costly, there are steps you can take to reduce your risk profile and, over time, lower your premiums:
Improve Your Driving Habits
Safe driving is key to getting out of the high-risk category. Avoid speeding, obey all traffic laws, and practice defensive driving. By avoiding tickets and accidents, you’ll start building a better driving record.
Use Telematics
Maintain Continuous Insurance Coverage
Avoid letting your insurance policy lapse. Even if you’re temporarily without a vehicle, maintaining some form of coverage is critical, as gaps in coverage can make you appear riskier to insurers.
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Wait for Infractions to Fall Off Your Record
In Ontario, accidents typically stay on your record for six years, and tickets last for three years. With time, as these infractions come off your record and you maintain a clean driving history, you’ll likely see your risk profile improve.
The Role of Liability Coverage for High-Risk Drivers
As a high-risk driver, it’s crucial to ensure you have sufficient liability coverage. The standard recommendation is at least $2 million in liability coverage due to the relatively small cost difference between $1 million and $2 million. This added protection is especially important for high-risk drivers who may be involved in more frequent or severe accidents.
Although high-risk insurance can be expensive, carrying only the minimum required liability coverage could expose you to significant financial risks in the event of a serious accident. Work with your broker to find a balance between affordable premiums and adequate protection.
Why You Should Work with an Independent Broker
Navigating high-risk insurance can be challenging, but an independent insurance broker can make the process easier. Brokers work with multiple insurers, including specialized high-risk carriers, giving them the ability to compare rates and coverage options across the market. This means they’ll act in your best interest to find the best coverage at the right price, even if you’re classified as a high-risk driver.
At Roughley Insurance Brokers, we believe in providing personalized service to find the right coverage for you—not just the most convenient option. Whether you need coverage from a high-risk insurer or through the Facility Association, we can help you find a policy that fits your needs and budget
Take Control of Your Insurance as a High-Risk Driver
Our team of trusted advisors at Roughley Insurance works for you. Our insurance brokers compare high risk insurance quotes across all major insurance companies in Ontario to find you the right coverage at the best price. We advocate for our clients, providing guidance based on your specific needs, and ensuring your peace of mind.
Being labeled as a high-risk driver doesn’t mean you’re stuck with high premiums forever. By taking steps to improve your driving habits, maintaining continuous coverage, and working with an independent insurance broker, you can eventually lower your risk profile and reduce your premiums.
If you’re struggling to find high-risk insurance coverage, contact Roughley Insurance Brokers today. We’ll work with you to find the right policy that fits your situation, so you can get back on the road with peace of mind.
