Are at hand any insurance companies offering the minimum $200000 liability to Ontario residents?
I am 16 and looking to insure my 1994 Mazda mx3 2dr (not the gs edition) i read that the minimum required liability insurance was $200k for Ontario residents but i cant find any online quote offering coverage this low. (the lowest i found was Belair direct next to $500000). If someone could please give me a hand next to this it would be a great help to find some really cheap insurance.
THANX
Answers:
$200,000 is actually pretty crappy coverage. Think around it. You have an accident, and it is your reproach, a young doctor with a own flesh and blood is killed, that is nowhere practical enough coverage. It sounds like profusely of money, but it isn't. How about another example. Your brakes fail at an intersection, you run into a $100,000 motor home which loses control, ram into a 7-Eleven, and it burns down. $200,000 won't cover that either. There is a girl in BC paying out of every paycheque for the rest of her time for a $3,000,000 liability suit. She had the oppportunity to buy more than the basic coverage, she didn't, and completed up being at fault surrounded by a major accident, and within the middle of court action involving 2 insurance companies.
I never drive a vehicle with smaller number than $1,000,000 liability coverage.
Hi,
Good post. I had some problems with my vehicle after I had an accident. My Insurer considered necessary to raise my rates $525 a year! I've never even gotten a speeding ticket!
I looked for a new provider and found this website:
http://www.nnae.lattice
They compare all of the major insurance providers and present you the best deal. I ended up in your favour over $300 from what I was previously paying (that's $825 a year!).
Good Luck
Related Questions:
THANX
Answers:
$200,000 is actually pretty crappy coverage. Think around it. You have an accident, and it is your reproach, a young doctor with a own flesh and blood is killed, that is nowhere practical enough coverage. It sounds like profusely of money, but it isn't. How about another example. Your brakes fail at an intersection, you run into a $100,000 motor home which loses control, ram into a 7-Eleven, and it burns down. $200,000 won't cover that either. There is a girl in BC paying out of every paycheque for the rest of her time for a $3,000,000 liability suit. She had the oppportunity to buy more than the basic coverage, she didn't, and completed up being at fault surrounded by a major accident, and within the middle of court action involving 2 insurance companies.
I never drive a vehicle with smaller number than $1,000,000 liability coverage.
Hi,
Good post. I had some problems with my vehicle after I had an accident. My Insurer considered necessary to raise my rates $525 a year! I've never even gotten a speeding ticket!
I looked for a new provider and found this website:
http://www.nnae.lattice
They compare all of the major insurance providers and present you the best deal. I ended up in your favour over $300 from what I was previously paying (that's $825 a year!).
Good Luck
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