Car Insurance Cambridge

Cambridge is part of the Tri-City area, along with Kitchener and Waterloo. It’s now the second-largest community in the region. With many parks, quiet neighborhoods, quaint restaurants, entertainment, and arts and culture amenities, there’s no shortage of things to do. Whether you’re looking for a quiet afternoon, a place to hangout with friends, a family picnic at the park, or a nature hike, you can find it in Cambridge.

With so many things to do, proximity to neighboring cities, and easy access to the highway to commute, you’ll want a car if you’re living in Cambridge. You’ll also want to ensure your car has the right protection.

At Insurance Hero, we believe everyone deserves affordable insurance that protects their loved ones without breaking the bank. If you live in Cambridge and are looking for car insurance, or to switch to a new policy, we’re the ones for you. Our specialists will review your options and address questions you have about your car insurance, so you can feel confident about your purchase.

Contact Insurance Hero today for a quote using our using our online form or call us at 1 (855) 777 4376.

Here’s Why You Need Car Insurance

Car insurance is mandatory in Ontario. While you can choose how much insurance coverage you want and whether to add additional coverage or endorsements, there are minimum coverage requirements.

The most important reason for having car insurance is because of your liability in a collision. If you’re ever in a car accident, you’ll know how expensive some of these damages cost. You could be responsible for potential medical bills, car repairs, and compensation for other damaged property. It also protects you if you have to pay for repairs on your own car whether you’re caught in a car accident or damage your car because of a structure. Car insurance helps mitigate some of the financial risks arising from these liability claims and damages.

Are you looking for a suitable car insurance policy to protect you and your passengers? Want to avoid high premiums without compromising your coverage? Reach out to Insurance Hero today. Our insurance specialists will match you to an affordable insurance package that best meets your needs.

Car Insurance Coverage Types

There are mandatory and optional coverage types that drivers can choose from.

According to Ontario law, drivers should carry mandatory insurance coverage of:

  • Third-party liability coverage of a minimum of $200,000.
  • Accident benefits to recover from collision injuries.
  • Uninsured motorist coverage of minimum $200,000 for accidents by an uninsured driver.
  • Direct compensation coverage for damages if someone else is at fault.

You can also purchase additional car insurance coverage:

  • Collision: Covers damages to your vehicle caused by a collision with another object.
  • Comprehensive: Includes all damages except for collision and theft by someone that lives with you or repairs your car.
  • Specified perils: Covers damages to your vehicle caused by only the perils outlined in your insurance policy.
  • All perils: Covers all perils that damage your vehicle, including theft by someone in your house or you hired to drive your car.

How do Cambridge’s rates compare to other cities in Ontario?

Cambridge car insurance rates average $1,334 each year. This rate is under the provincial average and slightly cheaper than the average insurance rate in Kitchener, which is around $1,500 per year. Rates in Waterloo and surrounding regions are approximately the same.

Compared to cities like Toronto, Richmond Hill, and Brampton, Cambridge’s car insurance rates are significantly cheaper in price. Most urban centres will find annual car insurance rates of over $2,000. However, compared to other suburban and rural regions, like Napanee and Cobourg, Cambridge’s rates are slightly more expensive in comparison.

Want to avoid high car insurance premiums? Insurance Hero compares insurance plans to find affordable options that protect you and your loved ones without going over budget.

How do I lower my Cambridge car insurance?

There are many ways to lower the cost of your car insurance. Maintaining a clean driving record is the easiest way to lower the cost of your car insurance each year. Insurance companies like safe drivers, because there is less risk for an insurance claim. Here are other ways you can lower your car insurance premium:

  • Take driving lessons
  • Increase safety measures of your car
  • Install winter tires every year
  • Bundle your insurance package
  • Ask for discounts

How does car insurance work?

Car insurance is provided by private insurance companies, though you can go through a broker like Insurance Hero to help you shop and compare policies. All you have to do is provide us with information like your age, address, and car model, and we’ll search our partners for the best packages for you.

If you’re ready to purchase car insurance, or are looking to change your current policy, contact Insurance Hero today. We find you the most affordable car insurance policies without lowering your coverage, so you can put your money to better use!

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What coverage do I need in Cambridge?

Ontario law requires all registered vehicles to have at minimum:

  • Third-party liability coverage of a minimum of $200,000
  • Accident benefits
  • Uninsured motorist coverage of minimum $200,000
  • Direct compensation coverage

You can choose whether you want optional coverages or endorsements on top of your coverage. These additions give you extra protection against various perils and damages and increase the limit of your insurance policy.

What factors determine my car insurance rates in Cambridge?

Typically, riskier customers will have to pay more for car insurance because there’s a higher chance of an insurance claim. Here are the factors that could affect your annual insurance premium:

  • Location
  • Car make, model, and year
  • Age
  • Insurance history
  • Driving record
  • Marital status
  • Credit score

Get The Car Insurance That Works For You

If you want car insurance in Cambridge, you’re in the right place. Fill out this form with your information, such as name, age, vehicle, driving history, and insurance record. We’ll do the hard work, so you can easily avoid paying high premiums without compromising your coverage!