Car Insurance Peterborough

Peterborough is a small city of under 85,000 people. If you’re familiar with the area, you know that it’s a well-known cottage country with a leading tourism industry. Anyone living in or visiting Peterborough enjoys access to the Kawartha Lakes, many recreational amenities, and several attractions, such as museums, theaters, and historical sites.

Highway 115 is a major highway in the area, connecting Peterborough to Toronto, parts of the Trans-Canada highway, and Ottawa. Driving a car is one of the most common and convenient methods of transportation in the area. Although walking and biking are great in the warmer months, with the abundance of beautiful trails, driving easily gets you where you need to go, especially in a small town with less traffic.

We understand that car insurance can be expensive. That’s why our specialists at Insurance Hero are dedicated to helping you find affordable options that don’t compromise your level of coverage.

If you’re tired of the expensive premiums but want to ensure you and your passengers are protected, reach out to Insurance Hero today using our online form or at 1 (855) 777 4376.

Here’s Why You Need Car Insurance

Car insurance is not only mandatory for all registered vehicles in Ontario, but it also protects you against liability in the event of a car accident.

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 occurring to another party if you’re at fault for the accident. Without car insurance, these expenses can get quite expensive, especially if the damages are substantial. 

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, ensuring you’re covered if something happens.

Are you ready to ditch the high insurance premiums? Reach out to Insurance Hero today. Our insurance specialists will match you to an affordable insurance package that best meets your needs, without breaking the bank.

Car Insurance Coverage Types

There are both mandatory and optional coverage types that drivers can choose from. It really depends on your risk tolerance and how you use your car.

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 Peterborough car insurance rates compare to other cities in Ontario?

If you compare Peterborough car insurance rates with other regions in the area, you’ll notice that there isn’t too much of a difference. Average car insurance rates in Lindsay is about 5% lower, while Oshawa is 24% higher and Port Perry is 3% higher.

What factors determine my car insurance rates in Peterborough?

Location is one of the major factors for determining car insurance rates. Insurance company use your address to gauge how risky your neighborhood is for a car owner. For example, they’ll consider the amount of traffic in your area, the likelihood of accidents, the percentage of reckless drivers, and crime rates.

Other factors that affect car insurance rates include:

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

How can I lower the cost of my car insurance?

Maintaining a clean driving record is one of the easiest and best ways to lower the cost of your car insurance. Insurance companies see you as a non-risky customer, and will offer lower premiums. You can also increase the safety in your car, such as using anti-theft measures, and take driving lessons.

Other ways to get a car insurance discount include:

  • Using winter tires
  • Asking for senior, student, and loyal customer discounts
  • Reduce your annual mileage
  • Bundle up your insurance package

Are you tired of high insurance premiums? Contact Insurance Hero today to get matched with the lowest insurance price for your driving needs.

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How does car insurance work?

Car insurance is mandatory for all Ontario registered vehicles. It’s provided by private insurance companies and you can contact the insurance company or go through an insurance broker like Insurance Hero.

You can consider standard auto insurance, high-risk auto insurance, commercial auto insurance, ride sharing insurance, collector & classic car insurance, young driver insurance, and usage based insurance.

We already discussed mandatory insurance requirements in Ontario and additional coverage options. You can supplement the minimum requirements with endorsements and additional options to gain extra protection and increase your limits.

You can also choose your deductibles. Higher deductibles mean less expensive premiums, but you pay more out-of-pocket for any insurance claims.

What coverage do I need in Peterborough?

Besides the mandatory car insurance coverage, you can choose whether you want to increase your limits and add optional coverage. It’s always best to take extra precautions to keep you and your loved ones safe, but it’s also important to keep your budget in mind.

Get Car Insurance That Works For You

If you want car insurance in Peterborough, you have come to 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 on your coverage!