Car Insurance Brokers Ontario
Dealing with insurance companies can be an overwhelming experience for many. And when it comes to mandatory insurance policies such as for your vehicle, motorists need an insurance broker they can trust to provide them with comprehensive plans that meet their unique needs.
With years of experience, Levitt Insurance Brokers has worked with motorists from all walks of life. We are dedicated to working in your best interests to ensure you feel confident in your auto insurance! With quick, simple insurance solutions, you can head back onto the road fully protected in no time!
Request a quote and compare insurance policies with Levitt Insurance Brokers online today!
Frequently Asked Questions
What is an auto insurance broker?
Auto insurance brokers operate independently and provide clients with advice and insurance solutions from numerous insurance providers. Brokers are frequently regarded as more client-focused, as they collaborate to determine the most appropriate protection for the client's requirements and budget instead of solely promoting one company's products as an insurance agent does. As a result, when you collaborate with an insurance broker, you can be optimistic that they are acting to your most significant advantage instead of attempting to promote their company's products that could not meet your requirements.
In fact, there are several benefits to working with an auto insurance broker that you may not be aware of. Here is a closer look:
- Offers a more extensive range of insurance options: Brokers can provide clients with quotes from various insurance carriers, enabling them to make comparisons on coverage, price, and benefits so they can find the best deal available.
- Unbiased advice and guidance: Brokers are independent of any insurance carrier and can provide impartial guidance and advice on coverage options.
- Work on your behalf: Brokers work hard to get their clients the best rates and coverage policies possible.
· Saves you time: Collaborating with a broker saves clients the time and energy of contacting numerous different insurers and trying to compare quotes.
What services does a car insurance broker provide?
There are several services a car insurance broker can provide its customers. Here is a closer look at what you can receive help with when partnering with the team at Levitt Insurance Brokers in Ontario:
- Policy Comparison: A car insurance broker will assemble and evaluate quotes from various insurers in order to assist clients in locating the best plan that fulfills their unique requirements and budget.
- Recommendation: A broker will suggest the best policy for the client based on a comparative analysis and a firm grasp of the client's needs.
- Purchase Aid: Once the customer has chosen the plan, the broker will aid with the buying process, such as the completion and submission of all required paperwork.
- Claims Assistance: In the case of a claim, an auto insurance broker will advise and assist their clients in ensuring a straightforward and trouble-free claims process. This includes facilitating documentation, negotiating with the insurance provider, and providing regular updates on the progress of the claim.
Do you get higher insurance rates from auto insurance brokers than insurance companies?
Insurance brokers are independent agents who act as intermediaries between insurance companies and clients. They have the advantage of having access to policies from multiple insurance companies, which allows them to provide clients with a broader range of options to choose from. This can lead to finding a policy with a lower.
However, it is essential to remember that regardless of where you choose to purchase your insurance, there are several factors that will impact the final cost you pay. These factors include:
- Vehicle type: The make, model, year, and value of the vehicle can affect the cost of insurance.
- Driving history: A driver's record, including accidents, traffic violations, and claims, can affect the cost of insurance.
- Coverage level: The type and amount of coverage selected, such as liability, collision, and comprehensive coverage, will impact the policy cost.
- Location: Where the vehicle is parked and driven can affect the cost of insurance, with urban areas typically having higher rates due to a higher risk of accidents and theft.
- Demographic factors: Age, gender, marital status, and credit score can all influence the cost of insurance.
- Deductible: The deductible, which is the amount paid out-of-pocket before the insurance kicks in, can impact the policy cost. A higher deductible can lower the policy cost.
- Insurance history: A driver's insurance history, including past claims, can also affect the cost of insurance.
Maintaining a clean driving history is essential for both financial and practical reasons and can result in lower insurance costs, better coverage options, and a safer driving experience for yourself, your passengers, and other motorists on the road.
Which basic coverage must you have legally?
All Ontario drivers are legally required to have auto insurance that meets the provincial government's basic insurance specifications. Here is a closer look at what these policies entail:
Third-Party Liability: Third-party liability coverage protects motorists in the event they are involved in an accident that injures a third party or causes damage to third-party property. Under this section of your policy, you can claim payment for medical costs related to physical injury or car maintenance, in addition to any attorneys’ expenses or legal bills up to the insurance maximum. Drivers in Ontario are mandated to buy auto insurance regulations with at least $200,000 in third-party liability insurance.
Accident Benefits Coverage: Accident benefits protection is helpful if you, a passenger or another motorist, require medical attention as a result of an accident. Protection is available irrespective of who was at fault for the crash and can assist in covering lost income, healthcare costs, including physical therapy or rehabilitative services, and other expenses.
Uninsured Automobile Coverage: Uninsured motorist insurance covers you and any occupants in your car in the event of an accident caused by a non-insured or underinsured motorist. This kind of insurance also covers hit-and-run accidents. Uninsured motorist coverage pays for healthcare fees related to injuries, car repair work, lost earnings, and other expenditures.
Direct Compensation/Property Damage: Direct compensation/property damage policy protects an insured vehicle and its belongings from the expenses of property destruction. This type of insurance is only available if the insured person is not at fault for the collision that resulted in the damage. To be eligible for reimbursement in Ontario, the accident must have occurred in the province and involve multiple vehicles with at least one car that is part of the insurance program.
Can insurance brokers help you get a cheap rate if you are a high-risk driver?
Unfortunately, as a high-risk driver finding a more affordable insurance policy can be difficult. Your driving history plays a significant factor in what you will pay for insurance. And because high-risk drivers are more likely to file an insurance claim. With that being said, there are ways you can try and lower your insurance premium as a high-risk driver. Here is a closer look at some ways you can potentially reduce your auto insurance costs:
- Increase the deductible on your policy
- Opt to pay for your insurance upfront rather than on a monthly basis
- Bundle your insurance policies if you are able to
- Install winter tires on your vehicle
- Purchase an electric or hybrid vehicle
- Enroll in a driving school
What we suggest doing is reaching out to an insurance broker in your area, like Levitt Insurance Brokers, for further information. We offer quick, straightforward auto insurance quotes that can give you a better idea about what you can expect to pay. Simply use our online insurance calculator before speaking with one of our experienced and knowledgeable insurance brokers!
Can insurance broker companies deny a claim?
No, insurance brokers cannot refuse a claim. Insurance brokers act as go-betweens for insurance companies and their customers. They help clients choose and buy insurance plans, but they do not pay for the claims themselves. The insurance provider approves the policy processes and handles claims directly. The insurance carrier, not the broker, is in the position of determining whether a claim is protected by the policy and reimbursing it if it is accepted.
Furthermore, what an insurance broker can do is help clients with the claim process by responding to questions, advising them, and advocating on their behalf, but they are not given the power to approve or deny coverage. If a claim has been rejected, the insurance provider will explain why, and the client can contest the decision or seek help from the broker should they have any concerns or questions.
At Levitt Insurance Brokers, we work closely with customers through the claims process, so they feel informed about the status of their claims from start to finish. We are always here to help answer any questions you may have.
Get a Car Insurance Quote with Levitt Insurance Brokers in Ontario Today
Is it time to update your Ontario auto insurance? If this is the case, Levitt Insurance Brokers can help.