Car Insurance Companies In Ontario

Any car insurance company in Ontario that will let me take out a policy if car is registred to someone else?

Question: Hi, I want to take out a policy but the car will be registered to my boyfriend's name. Is there any auto insurance company in Ontario that will let me do that?

Answer: Actually there is a form that allows you to register the vehicle, and of course insure it, letting your boyfriend retain ownership. It is similar to a lease, however you cannot involve money or then it becomes a commercial transaction. We called it an "agreement between parties", in which your boyfriend gives you care, custody, and control of the vehicle for a period greater than 30 days, but doesn't gift you the vehicle. You register it, you insure it, you get the parking tickets, but you can't sell the vehicle, or otherwise dispose of it. In the even of a write-off, the cheque goes to him as the legal owner. If you aren't the registered owner, you don't have an insurable interest. And yes, if he is going to be more than an occasional driver, he has to be a named additional driver. If you are living together, the situation is different, he would have to be named a regular driver as well, and it would make no sense to insure and register in your name (unless he has no licence). Recap, there are 2 types of ownership, legal, and registered, you would be registered owner, he would be legal owner. Talk to the registrations people FIRST, then your insurance broker. It is relatively common practice in some jurisdictions, like Manitoba, where I was an insurance broker and vehicle registrations agent, it may not be so common in Ontario, or even accepted by provincial licencing authority.

Does anybody know of the cheapest car insurance company in Hamilton, Ontario?

Question: Getting car insurance these days is getting ridiculous...I've gotten quotes for $500, etc. but there has to be something cheaper out there. I'm getting an old car, so just basic insurance would be fine, so I can "legally" drive. Does anybody know of the cheapest car insurance company in Hamilton, Ontario?

Answer: I hear your frustration. You probably feel that you are paying too much for something that you really don't need. Hopefully you won't need it. Online insurers are usually pretty inexpensive. A broker or agent can have quite a few markets to shop so one call there will get you a bunch of quotes. The problem is that your situation is unique and until an underwriter pulls your driver history, checks for tickets and confirms your acceptability a quote is only that, an estimate. Do be careful. You can buy the bare minimum insurance and it will be cheaper then buying a higher level, such as $1 million public liability and property damage (PLPD). There is a reason why it is so cheap. You get what you pay for. If you have an accident and someone is hurt you will not have as much insurance as you might need. You could find yourself in civil court with an garnishee on your wages for a very long time. Not good. You could get hit by someone who either doesn't have much in the way of insurance or who doesn't have insurance at all. Maybe this is one of those people with a suspended license. Now your very limited insurance amount will not cover much for your medical needs, perhaps long term. It is likely that the driver who hit you doesn't have a lot of personal resources. So when you take him to court it won't amount to much for you. Buy adequate insurance. It isn't so much to protect everyone else from your driving. It is to protect you from all the poor drivers on the road who are aiming for your vehicle. Good luck!

looking for the cheapest car insurance company in ontario?

Question: cheapest car insurance company in ontario,

Answer: call around and get quotes.

for a 21 year old what is the cheapest car insurance company in ottawa ontario?

Question: I am 21 years old male and a first time driver, have never been insured, and have my G2. I am looking for the cheapest quote

Answer: Find an independent agent that isn't pushing any one company and let him search for the best deal for you.