Insurers can no longer use a minor at-fault accident that occurs on or after June 1 2016 meeting certain criteria to increase your premiums.
Ontario auto insurance minor accident. An accident is considered minor if there were no injuries and the damage was under 2000 per car. Ad 10 Of Customers Paid Less Than 265 Between Jan and Jun 2021. The accident could affect premiums up to three years.
Minutes To Get A Quote - Just Have Your Details Handy. As of June 1 2016 insurer cannot increase your costs for your first minor at-fault accident within a three year period. Speak To Us Over The Phone Or Get Your Quote Online With Swinton.
When you are involved in an auto accident involving injury or property damage you need to report it to your insurance agent broker or insurance company within seven days regardless of who is at fault. Minutes To Get A Quote - Just Have Your Details Handy. Ad We Work Hard To Make It Easy As Possible For You To Get A Good Deal On Your Car Insurance.
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1 will double the threshold for reporting vehicle damage in collisions to 2000. The FSCO explains. If you are at fault in a minor accident and you pay for the repairs for your car and the other car the accident will not impact your subsequent insurance premium amount.